Surrender Value of Kotak eLifetime Income and Kotak Lifetime Income
Surrender value of Kotak eLifetime Income and Kotak Lifetime Income is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity. Surrender may not be allowed for all types of insurance policies. Kotak eLifetime Income Plan does not allow policy surrender before end of term. Kotak Lifetime Income Plan does not allow surrender of policy.
Bonuses Available for These Plans
Bonuses available for these plans include terminal bonus, reversionary bonus, interim bonus etc. Bonus is an important part of Kotak eLifetime Income and Kotak Lifetime Income benefits. Terminal bonus is provided by the insurance company to reflect the overall performance of your chosen policy. Reversionary bonus is an amount of money added to your returns on maturity. Terminal bonus is usually announced twice a year. If your policy matures at a date between these two bonus days, you may get an interim bonus.
- Bonus provided under Kotak eLifetime Income Plan: No bonus is provided.
- Bonus provided under Kotak Lifetime Income Plan: No bonus is provided.