Kotak Classic Endowment Plans For Investment |Best Endowment Insurance Policy

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    Kotak Lifetime Income Plan

    Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!


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Kotak Classic Endowment Plan

Individual, Non-linked, Participating, Savings Life Insurance Plan

You always needed protection but what if you are provided with an alternative that offers an opportunity for savings and wealth accumulation as well? Kotak Classic Endowment Plan can help in fulfilling these requirements. Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning Bonuses during the policy term.

Key features

  • Protection for a longer time

    Get protection up to the age of 75 years with this Participating endowment plan.

  • Bonus

    Earn yearly bonus from 1st policy year.

  • Convenience and flexibility

    Pay premiums as per affordability and choose from a wide range of term options as per suitability.

  • More value for Money

    More value for money through discount for high Sum Assured on maturity.

  • Riders

    Option to enhance protection through a wide range of Riders.

  • Tax Benefits

    Get tax benefits u/s Sec 80(C) and 10(10D) of the Income Tax Act.


  • Age criteria

    • Entry age
    • Regular pay: Minimum: 0 years | Maximum:70 years less Policy Term (except for Policy Term / Premium Paying Term combination of 15/15 & 16/16 years) 54 years (for Policy Term / Premium Paying Term combination of 15/15 years) 53 years (for Policy Term / Premium Paying Term combination of 16/16 years)
    • Limited pay: Minimum: 0 years | Maximum: 60 years (except for PT/PPT combination of 15/7 years)
    • PT/PPT combination of 15/7 years: Minimum: 0 years | Maximum: 58 years
    • Maturity Age: Minimum: 18 years | Maximum:70 years (Regular Pay) 75 years (Limited Pay except for Policy Term / Premium Paying Term combination of 15 /7 years) 73 years (Limited Pay 15 /7 years)
  • Policy

    • Policy Term: 15 to 30 years
    For minors, minimum term will be greater of; 15 years or (18 years minus age at entry as on last birthday)
  • Minimum Sum Assured on maturity

    • Determined on the basis of minimum premium amount, entry age, policy term and PPT
    • Example: Mentioned below is the sample Sum Assured on maturity at minimum premium for minimum and maximum terms at highest and lowest ages respectively:
    Age Policy Term Premium payment term Sum Assured on maturity `
    0 year 30 years 30 years ` 1,92,413
    0 year 30 years 25 years `180319
    54 years 15 years 15 years `86,763
    60 years 15 years 10 years ` 61,071
    58 years 15 years 7 years ` 73,584
  • Premium

    • Minimum:
    • Regular Pay: 7,000
    • Limited Pay: 7,000 (except for PT/PPT combination of 15/7 years)
    • PT/PPT combination of 15/7 years: 12,000
    • Maximum: No limit, subject to underwriting
  • Premium Payment Details

    • Premium Payment Term (PPT): Regular Pay: Equal to Policy Term,
    • Limited Pay: 7 years for policy term 15 years | Policy term less 5 years
    • Premium Payment Option: Regular and Limited only
    • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
  • Modal Factor (% of annual premium):

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

Additional protection with optional Riders

  • 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 Term Benefit Rider

    In case of death of life insured, rider sum assured will be paid in addition to death benefit under the base plan.

  • Kotak Critical Illness Plus Benefit Rider

    Rider sum assured shall be payable in part or whole, in case the Life Insured is diagnosed with any one of the 37 critical illnesses (subject to terms & conditions)

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Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

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Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

You may avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections.Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

Terms & Conditions

Insurance is the subject matter of solicitation. This is a savings-cum-protection oriented participating endowment assurance plan. For more details on risk factors, terms & conditions please read the sales brochure carefully before concluding the sale.For more details on riders, please read the Rider Brochure. Benefits under this plan are dependent upon the performance of the participating Funds. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time.

Kotak Classic Endowment Plan UIN: 107N082V03, Form No: N082, KTB - 107B003V03, KPTB -107B013V02, ADB - 107B001V03, PDB - 107B002V03, CIP - 107B020V01, LGB - 107B012V02, ADGB - 107B011V02.

Ref. No.:KLI/19-20/E-WEB/595

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.(Formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.)

Reg No. 107
CIN : U66030MH2000PLC128503
2nd Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website: https://insurance.kotak.com
Email: clientservicedesk@kotak.com

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


IRDAI is 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.

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