Kotak Assured Savings Plan

A Non-Participating Non-Linked Life Insurance Individual Savings Product

Take confident steps towards your financial goals. Life insurance policies are more than just modes of protection. They can also play an active role in helping you reach your financial goals. Kotak Assured Savings Plan enables you to accumulate wealth and strengthens your finances for the future. It offers you affordable protection but also helps accumulate enough wealth to help achieve your financial goals through guaranteed^@ benefits.

Key Features

Guaranteed@ Maturity Benefit: Payable at maturity

Get Basic Sum Assured PLUS Accrued Guaranteed^@ Yearly Additions PLUS Guaranteed^@ Loyalty Addition

Get increasing life cover

Enjoy Guaranteed^@ Yearly Additions added every time you pay the premium – payable at maturity or death, whichever is earlier

Enjoy higher benefits with a longer premium commitment

Get increased Guaranteed^@ Yearly Additions and Guaranteed^@ Loyalty Addition with increase in Premium Payment Term (PPT)

Get more value for money

Through high premium benefit leading to higher Basic Sum Assured

Enhanced Protection

Through a wide range of Riders.

Enjoy Tax^ Benefit

as per applicable tax laws

How does the plan work?

Mr. Shetty, a 35-year-old family man who buys Kotak Assured Savings Plan, he chooses a premium payment term of 10 years for a policy term of 20 years. He pays an annual premium of ₹1,00,000*
He determines the Basic Sum Assured as per Premium, Policy Term, Premium Payment Term and his age.
The Premium payment term expires and the policy continues till maturity.
At maturity, Mr. Shetty receives Guaranteed^@ Maturity Benefit of ₹20,58,346 which is Sum of Basic Sum Assured of ₹12,56,955 + Accrued Guaranteed^@ Yearly Additions of ₹5,50,000 + Guaranteed^@ Loyalty Addition of ₹2,51,391
Mr. Shetty nominates his wife. In case of an unfortunate event of Mr. Shetty’s death during the term of the plan, she would receive death benefit higher of (a) or (b):
- Basic Death Benefit, Plus Guaranteed Yearly Additions accrued as on the date of death.
- 105% of all premium paid (excluding extra premium, if any) till the date of death.

*The above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums. Goods and Services Tax is exempted for all individual life policies with effect from 22nd September 2025.

Eligibility

Parameters

Eligibility

Entry Age (as on last birthday)

Minimum: 3 years

Maximum: 60 years

Maturity Age (as on last birthday)

Minimum: 18 years

Maximum: 75 years

Policy Term & Premium Payment Term (PPT)

PPT	5 Pay	6 Pay	7 Pay	10 Pay
Policy Term	10 \| 15 years	12 \| 18 years	14 \| 20 year	15 \| 20 years

Minimum Basic Sum Assured

Determined on the basis of minimum premium amount, entry age, policy term and PPT

Example: For ₹20,000 annual premium, following shall be the Basic Sum Assured for entry ages 3 & 50 years:

Age	Policy Term	Premium Payment Term	Basic Sum Assured (₹)
3 years	15 years	5 years	1,36,908
3 years	20 years	10 years	2,49,212
50 years	15 years	10 years	1,50,910

Basic Sum Assured is calculated considering channel as Individual Agents.

Maximum Basic Sum Assured

Determined on the basis of minimum premium amount, entry age, policy term and PPT subject to Underwriting Rules

Annualized Premium

Minimum: ₹20,000

Maximum: No limit, subject to underwriting rules

Premium Payment Mode

Yearly, Half-yearly, Quarterly, Monthly

Premium Payment Option

Limited only

Premium Modal Factor (% of annualized premium)

Yearly - 100% , Half yearly - 51% , Quarterly - 26% , Monthly - 8.8%

Additional protection with optional Riders

Kotak Term Benefit Rider
In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.
Kotak Accidental Death Benefit Rider
In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.
Kotak Permanent Disability Benefit Rider
In case of life insured being permanently disabled due to accident, benefit is paid in installments.
Kotak Life Guardian Benefit Rider
In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life insurance.
Kotak Accidental Disability Guardian Benefit Rider
In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life insurance.
Kotak Critical Illness Plus Benefit Rider
Rider Sum Assured will be paid in part or whole. In case the Life Insured is diagnosed with any of the 37 Critical Illnesses (subject to terms and conditions)

Disclaimer

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Kotak Assured Savings Plan, UIN: 107N081V09; Kotak Term Benefit Rider UIN: 107B003V03; Kotak Accidental Death Benefit Rider UIN: 107B001V04; Kotak Permanent Disability Benefit Rider UIN: 107B002V03; Kotak Life Guardian Benefit Rider UIN: 107B012V02; Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02; Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02. This is a non-participating non-linked life insurance individual savings product. This is a saving cum protection oriented plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders, please read the Rider Brochure.

^Tax benefits are subject to conditions specified as per Income-Tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

^@Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force.

This website content only gives the salient features of the plan.

Kotak Mahindra Bank Ltd. is a corporate agent of Kotak Mahindra Life Insurance Company Limited with Corporate Agency License No: CA0250. Regd. Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. The plan is offered and underwritten by Kotak Mahindra Life Insurance Company Limited.

Participation by Kotak Mahindra Bank Ltd.’s customers to buy insurance policy is purely voluntary and there is no direct or indirect linkage between the provision of banking services offered by Kotak Mahindra Bank Ltd. to its customers and products/services offered by Kotak Mahindra Life Insurance Company Ltd. Insurance products/services are obligations of Kotak Mahindra Life Insurance Company Ltd and are not guaranteed by Kotak Mahindra Bank Ltd. Kotak Mahindra Life Insurance Company Ltd. shall be liable or responsible for all matters arising out of or pertaining to the insurance products/ services offered by it.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN: U66030MH2000PLC128503; Regd. Office: 8^th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No: 1800-209-8800 | Ref. No.: KLI/25-26/E-WEB/1984.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.