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Kotak eLifetime Income Plan
Kotak eLifetime Income Plan

Kotak Lifetime Income Plan
Kotak Lifetime Income Plan



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Kotak eLifetime Income Plan
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Kotak Lifetime Income Plan

Kotak eLifetime Income and Kotak Lifetime Income Details

1 Details
1.1 Insurance Provider
Kotak Life Insurance
Kotak Life Insurance
1.2 Claim Settlement Ratio
1.2.1 Settlement Ratio (2015-16)
82.15%
Rank: 10 (Overall)
82.15%
Rank: 10 (Overall)
1.2.2 Settlement Ratio
LIC Bhagya Laks..
91.00%
Rank: 7 (Overall)
91.00%
Rank: 7 (Overall)
Edelweiss Tokio My Life Plus Details
1.2.3 Settlement Ratio (2013-14)
LIC New Jeevan ..
90.69 %
Rank: 8 (Overall)
90.69 %
Rank: 8 (Overall)
DHFL Pramerica Family Income Details
1.3 Type
Annuity Plan
Annuity Plan
1.4 Status
In-force
In-force
1.5 Online
32% Annuity Plans Life insurance plans have it !
32% Annuity Plans Life insurance plans have it !
1.6 Eligibility
1.6.1 Min Entry Age
AEGON Religare ..
45 years
Rank: 28 (Overall)
45 years
Rank: 28 (Overall)
Bajaj Allianz Cash Assure Details
ADD ⊕
1.6.2 Max Entry Age
ICICI Pru Immed..
99 years
Rank: 2 (Overall)
99 years
Rank: 2 (Overall)
Reliance Classic Plan 2 Details
ADD ⊕
1.6.3 Min Vesting Age
Canara HSBC Sma..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Shriram Secure Investment Plan Details
ADD ⊕
1.6.4 Max Vesting Age
Bharti AXA Life..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
LIC New Children Money Back Plan Details
ADD ⊕
1.7 Policy Term
1.7.1 Min Term
Edelweiss Tokio..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Life New Group Unit Linked Plan Details
ADD ⊕
1.7.2 Max Term
TATA AIA Fortun..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Life New Group Unit Linked Plan Details
ADD ⊕
1.8 Returns
1.8.1 Min Sum Assured
Aviva Life Shie..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
ICICI Pru Immediate Annuity Plan Details
1.8.2 Min Sum Assured (Variable)
Not Applicable
Not Applicable
1.8.3 Max Sum Assured
IDBI Federal Lo..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Kotak Gratuity Plus Group Plan Details
1.8.4 Max Sum Assured (Variable)
Not Applicable
Not Applicable
1.9 Group Plan
11% Annuity Plans Life insurance plans have it !
11% Annuity Plans Life insurance plans have it !
1.9.1 Group Type
Not Applicable
Not Applicable
1.9.2 NEE Size
Metlife Group T..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
Reliance Traditional Group Employee Benefit Plan Details
1.9.3 EE Size
Metlife Complet..
Not Available
Rank: N/A (Overall)
Not Available
Rank: N/A (Overall)
HDFC Group Term Insurance Details

Details of Kotak eLifetime Income and Kotak Lifetime Income

Comparison of the plans can be based on details of Kotak eLifetime Income and Kotak Lifetime Income like eligibility criteria, policy term, returns etc. for these two plans. Both these policies are of the type Annuity Plans. These insurance plans are provided by Kotak Life Insurance (Claim settlement ratio is 91.00%). Claim settlement ratio provides a percentage of ratio of claims payed by the company to the number of claims received by the company. Kotak eLifetime Income Plan can be bought online and Kotak Lifetime Income Plan cannot be bought online. Plans that can be bought online have an added advantage as it saves one from the hassle of going to the agent and then buying insurance policies.

Eligibility Criteria for Kotak eLifetime Income And Kotak Lifetime Income

Eligibility criteria for Kotak eLifetime Income and Kotak Lifetime Income define the minimum/maximum entry age and minimum/maximum vesting age for these two plans. Eligibility and vesting age are main aspects of Kotak eLifetime Income and Kotak Lifetime Income details. Vesting age is also known as maturity age i.e. the age when your policy matures and you can acquire its benefits. For the former insurance plan, minimum entry age is 45 years and maximum entry age is 99 years. Also,minimum vesting age is not available whereas maximum vesting age is not mentioned. Similarly for the later insurance plan, minimum entry age is 45 years and maximum entry age is 99 years. Also for the second plan, minimum vesting age is not available whereas maximum vesting age is not mentioned.

Policy Term Details

Policy term details for Kotak eLifetime Income Plan and Kotak Lifetime Income Plan include the minimum and maximum policy terms for the said insurance plans. Policy term is a time period during which an insurance policy is valid. After completion of policy term, one can renew the policy or get sum assured by terminating the policy. For Kotak eLifetime Income Plan, minimum policy term is not mentioned and maximum policy term is not mentioned Similarly for Kotak Lifetime Income Plan, minimum policy term is not available and maximum policy term is not available.

Returns From Kotak eLifetime Income and Kotak Lifetime Income

Sum assured is a part of returns from Kotak eLifetime Income and Kotak Lifetime Income. Sum assured is the amount of money you receive along with applicable bonus at the end of the policy term. In event of your untimely demise before the end of the policy term, your family will receive this money. Depending on the type of plan, returns may or may not be fixed. Variable returns can be in terms of Kotak eLifetime Income Plan and Kotak Lifetime Income Plan Benefits. For the former plan, minimum sum assured is not mentioned in the plan and maximum sum assured is not provided in the plan.Similarly, for the later plan, minimum sum assured is not provided in the plan and maximum sum assured is not mentioned in the plan. Sometimes, a fixed sum assured is not available but a variable sum assured depending upon the policy term you choose, the amount of money you pay as premium, etc. is provided by the insurer. Benefits of group plans maybe somewhat different. Some plans require medical examination before you buy the policy.

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