Kotak AIA

KAIA (Kotak Assured Income Accelerator) app - a click to accelerate for calculating guaranteed increasing second income, maturity benefit, tax benefits etc.

Kotak Assured Income Accelerator : A guaranteed income anticipated endowment insurance plan.

Be it an Entrepreneur or an Employee or a Professional, everybody works hard with the primary motive of improving individual performance. This results into increasing profits or salary or professional fees year on year. In the similar manner, we expect our regular savings also to fetch a value that keeps on increasing year on year.

Is it possible in a volatile financial market? Yes, it is possible with Kotak Assured Income Accelerator. With the same amount of savings every year, this plan not only offers Guaranteed Income every year during the payout period but also ensures that the Guaranteed Income increases year on year. Also you will get maturity benefit at the end of policy term. Death benefit is applicable throughout the policy term.

How does the app work:

After downloading the app click on “Click to Accelerate” . On the next page fill in your name, date of birth, premium you would like to pay, frequency of premium payment – yearly, half – yearly, quarterly, monthly. Choose the policy term – 15, 20, 30. Tax rate – in which bracket you come according to income tax slabs – 10.3 %, 20.6 %, 30.9 % and click calculate. On left hand side you will get your increasing 2nd income details along with total premium you will pay along with tax benefits you can get. Right hand side you will get total guaranteed income that can be earned during the policy term along with along with maturity benefit.

Death benefit is applicable through the policy term.