POSTED BY August 28, 2012 12:44 am COMMENTS (14)ON
Can you let me know how is the Kotak Assured Income Plan , my agent said its a good plan as it gives assured returns.
Following is the points:
1.Kotak Assured Income Plan guarantees you an Assured Annual Income every year for a period of 20 years, provided the policy is in force. It will be paid starting from the end of 10th policy year as a percentage of your Basic Sum Assured as mentioned below:
Premium Bands Assured Annual Income
Up to Rs. 24,999 9.10%
Rs. 25,000 to Rs. 74,999 9.60%
Rs. 75,000 and above 10.10%
In addition to guaranteeing you a regular stream of income for 20 years, this plan provides you a lump sum equal to 110% to 104% of Basic Sum Assured on maturity
Should i go for the plan ?