By Tory Vance
Kotak Guaranteed Savings Plan is a protection and savings-oriented policy that comes with ‘guaranteed’ benefits for individuals. To be honest, everyone’s life is quite unpredictable; you can get exposed to certain unforeseen situations at any point in time. But now, you can invest in Kotak Guaranteed Savings Plan and achieve your financial goals in a seamless manner.
To gain more valuable information on the topic mentioned above, take a quick look at this entire article. Stay tuned till the very end, and you will be able to uncover potential insights in no time.
What Are the Benefits of Kotak Guaranteed Savings Plan?
Kotak Guaranteed Savings Plan will prepare you to deal with any kind of phase in your life. Check out some of the points stated below, and you will come across certain unparalleled benefits that can’t be overlooked:
- Here, you will get the opportunity to pay your premium with the help of different payment modes. It eliminates a plethora of hassles and hindrances related to payment.
- You will receive a massive guaranteed loyalty addition after the completion of your policy period.
- After you are done with the premium payment term, you will get guaranteed addition for the remaining period of the policy. Guaranteed additions are provided after maturity as well as after death.
- If you want to opt for additional riders, then you will get the fantastic scope to enjoy boosted protection.
- After the tenure, you will receive a guaranteed maturity benefit that includes the guaranteed loyalty addition, the basic sum assured, and accrued guaranteed additions.
How Does the Kotak Guaranteed Savings Plan Work?
If you choose to invest in Kotak Guaranteed Savings Plan, then you need to dedicate some of your time to learning the process.
Under this particular term, you will have to pay premiums for the targeted Premium Payment Term. Once the term is over, the Guaranteed Additions from the end of the following policy year will be received till the last policy year’s end.
After the completion of the tenure, you will be paid with the Guaranteed Maturity Benefit that includes Basic Sum Assured, Guaranteed Loyalty Addition, and accrued Guaranteed Additions. By opting for this plan, you will be able to enjoy top-notch protection throughout the policy term. Also, you have the benefit of adding riders and boosting your protection cover.
What Are the Additional Protection Plans Through Riders?
Take a quick look at the wide range of optional riders written below in this article:
- Kotak Term Benefit
- Kotak Permanent Disability Benefit
- Kotak Accidental Death Benefit
- Kotak Accidental Disability Guardian Benefit
- Kotak Life Guardian Benefit
What Are the Important Documents that You Need to Submit?
In order to avail Kotak Guaranteed Savings Plan, you will have to submit certain documents such as:
- Identity Proof: Aadhaar Card, PAN Card, Passport
- Address Proof: Aadhaar Card, Driving License, Passport
Wrapping Up
Hopefully, now you are pretty aware of the specific insights related to Kotak Guaranteed Savings Plan. This unique insurance plan will help you meet your financial objectives easily.
Click here to know more about Kotak Guaranteed Savings Plan: https://www.kotaklife.com/online-plans/savings-plan
