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Kotak Classic Endowment Plan is a long-term protection cum savings plan that helps you grow your money. It is a participating endowment plan that offers protection benefits up to the age of 75 years. The plan offers a special premium discount for a high sum assured on maturity i.e. for Rs. 5 lakhs & above.
With Kotak Life Classic Endowment Plan, you'll receive a yearly cash bonus at the end of each financial year, if any is declared. The plan even allows you to get additional protection against death, disability, or disease by adding optional riders to your base policy. You also have the flexibility to choose from a different range of PPT (Premium payment term) or PT (Policy term) options based on your suitability.
Kotak Life Classic Endowment Plan is a unique life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
Kotak Life Classic Endowment Plan offers you a range of benefits including:
Minimum entry age: 0 years Maximum entry age: 70 years
Maximum maturity age: 75 years
15 TO 30 Years
Equal to Policy Term
Monthly, Quarterly, Half-Yearly or Annually
NA
Here are some features of Kotak Classic Endowment Plan:
Stay protected with life cover for up to the age of 75 years.
The pan offers a yearly cash bonus at the end of each financial year; it includes a reversionary, interim, or terminal bonus.
At maturity, you'll receive a lump sum maturity benefit, along with an accrued cash bonus.
Get additional protection against death, disability, or disease by adding optional riders to your base policy.
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There are various benefits to buying the Kotak Classic Endowment Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Kotak Classic Endowment:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Kotak Classic Endowment Plan official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Kotak Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'Kotak Classic Endowment' plan.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the Kotak Classic Endowment Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
What’s Good Here | What’s Missing |
Cover up to age 75 years | Guaranteed Additions |
Additional Bonuses | Premium Offset |
Discount for High Sum Assured on Maturity | No Auto cover continuance |
5 Optional Riders | Regular Income |
Flexible PPT or PT | Whole Life Cover |
Kotak Classic Endowment is a participating endowment plan that offers protection benefits up to the age of 75. The plan is designed to grow your money with a yearly cash bonus at the end of each financial year.
For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
If you stop paying premiums, your policy will continue as a ’paid-up’ policy with reduced benefits.
Kotak Classic Endowment Plan is a long-term protection cum savings plan that helps you grow your money.
If you survive until the end of the policy term (PT), you’ll receive a sum assured on maturity and accrued bonuses.
Under the Kotak Life Classic Endowment plan, you can Stay protected with life cover up to the age of 75.
Opting for a high sum assured on maturity of Rs. 5 lakh & above will make you eligible for special premium discounts.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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February 5, 2023
Asia/Kolkata
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