Top 5 Features of Kotak Guaranteed Savings Plan to Secure the Future of your Loved Ones

Kotak Guaranteed Savings Plan offers complete protection and lets you plan for a great and secured future. Check out this article to learn about the top features of this insurance policy.

It is true that every individual looks forward to securing their family’s future so that they never face any financial problems. So, choosing to invest in Kotak Guaranteed Savings Plan is probably the best thing you can do. This will not only secure your family’s future but will completely discard all your worries.

Since Kotak Guaranteed Savings Plan offers excellent returns, it is an ideal policy for securing the future of your loved ones. Through this article, you will get informative insights regarding the top features of the Kotak Guaranteed Savings Plan. Let’s get started.

Importance of Buying Kotak Guaranteed Savings Plan

The guaranteed savings plans offered by Kotak Life Insurance are highly beneficial, and it efficiently helps in securing the future of your loved ones. This plan also offers other incredible advantages, including guaranteed returns and tax benefits. Sometimes, in any mishappenings, the beneficiary is offered death benefits as well.

Features of Kotak Guaranteed Savings Plan

Here is a comprehensive listing of all the essential features offered by the Guaranteed Savings Plan from Kotak Life Insurance:

Guaranteed Returns at Maturity

After completing the premium payments at the maturity time, policyholders can obtain guaranteed returns. Remember that the money received can be used for a wide variety of purposes. You can use this as your retirement corpus for your child’s higher education.

Complete Life Coverage

The guaranteed savings plan typically provides life coverage for the entire term while you pay premiums for a limited period. This considerably helps secure your family’s financial conditions while the policyholder is absent.

Improved Premium Booster

This facility is applicable for those who require higher returns during the time of maturity. So, when you invest in Kotak Guaranteed Savings Plan, you can pay a higher premium amount. Thus, it will automatically enhance the returns of the particular premium.

Tax Benefits

All policyholders can avail tax benefits under two sections. They are:

  • Section 10D
  • Section 80C

Loan Opportunities

Policyholders are granted the eligibility to take out a loan with Kotak Guaranteed Savings Plan. This can be done for any contingency only after the policy acquires its surrender value. However, remember that the minimum loan amount is ₹20,000. The maximum amount might go up to 80% of the prevailing Surrender Value.

Remember that the interest rate for loans is reviewed every year on the last calendar day.

To Conclude

It is always best to save your valuable money with a guaranteed savings plan. This will significantly help you lead a tension-free life and secure your family’s future. If you die untimely, then your family will not have to face financial troubles.

Click here to know more about Kotak Guaranteed Savings Plan:

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