Key Benefits of Staying Invested in a Long-Term Kotak Guaranteed Savings Plan?

Even if you retire from your work after a certain point in time, you are supposed to live a stress-free life for eternity! But, without financial stability and security, achieving top-notch wellness might seem like a monumental task. That’s why you must choose to invest in Kotak Guaranteed Savings Plan as soon as possible. By securing your future in the early stages of life, you will be able to live with dignity till your last breath.

For more information, check out this article from tip to toe! Go through the key benefits and gain valuable insights right away.

What Do You Mean by Kotak Guaranteed Saving Plans?

Kotak Guaranteed Savings Plan is a non-participating and non-linked life insurance plan. It offers individuals with life protection that comes with guaranteed benefits. Apart from that, the various features of this policy make it one of the incredible long-term investment options. You can always opt for it as your personal investment.

What Are the Key Benefits of Investing in a Long-Term Kotak Guaranteed Savings Plan?

Now, let’s take a quick look at some of the benefits of investing in the Kotak Guaranteed Savings Plan mentioned below:

  • Maturity Benefit

In case you, as a policyholder, successfully deal with the given policy term, you will get the brilliant scope to receive guaranteed maturity benefits. However, don’t forget to pay all your due premiums.

  • Guaranteed Yearly Additions

If you choose the Kotak Guaranteed Savings Plans, then you will receive Guaranteed Yearly Addition during the premium payment term every year. Guaranteed Yearly Additions are calculated as a percentage of the cumulative annual premium which is paid every year; the overall rate depends on the premium payment term.

  • Death Benefit

If you invest in Kotak Guaranteed Savings Plan, then your nominee will be provided with a death benefit from the insurer.

  • Guaranteed Loyalty Addition

It is an excellent benefit that is offered to the policyholder during the maturity of their insurance plan. The rate is dependent on the PPT or opted Premium Payment Term, and it is calculated as a percentage of the Basic Sum Assured.

Why Are Kotak Guaranteed Savings Plans a Good Option for Long-Term Investment?

It is one of the best return plans that allow you to enjoy a higher amount compared to certain other types of insurance. If you choose to stay invested in it for quite a long period of time, then you will be able to enjoy better returns in no time. Also, here you will get the scope to pay your premiums according to your own choices. Whether you want to pay at regular intervals or in a lump sum in a single shot, you can do whatever suits your convenience.

The Bottom Line

The enhanced protection, multiple plan options, and tax-saving benefits of the Kotak Guaranteed Savings Plan are indeed remarkable. This particular policy will help you fulfill your financial objectives in the best possible manner.

Click here to know more about Kotak Guaranteed Savings Plan:

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