CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Kotak Assured Income Accelerator is a popular savings and insurance plan from Kotak Life Insurance. Let’s check the eligibility and benefits of this plan.
Eligibility
The eligibility for the Kotak Assured Income Accelerator Plan is explained below.
Particulars | Details |
Entry age | 7-year premium plan – 0 to 60 years 10-year premium plan – 0 to 60 years 15-year premium plan – 0 to 55 years |
Maturity age | Minimum maturity age – 18 years Maximum maturity age – 85 years |
Premium payment | The minimum premium to be paid is Rs. 15,000 |
Premium paying term | 7 years, 10 years and 15 years |
Premium Paying frequency | Monthly, quarterly, half-yearly and annual |
Policy term | 15 years, 20 years and 30 years |
Basic sum assured | 10 times the annual premium |
Benefits
The benefits that can be received under this plan are mentioned below.
Particulars | Details |
Maturity benefits | Percentage of basic sum assured as guaranteed maturity benefits |
Death benefits | Death benefits are provided to the legal heir of the insured person The amount of death benefit to be provided depends on the entry age of the customer. The death benefit is calculated in the following manner, Entry age below 50 years Higher of,
Entry age over 50 years Higher of,
|
Guaranteed Income | Increases every year and ranges between 7% and 13% of the basic sum assured |
Income tax benefits | Tax benefits under sections 80C and 10(10D) |
Final Thoughts
Kotak Assured Income Accelerator is a guaranteed income plan with a savings component. Customers can get up to 10 times the premium paid as the sum assured under the plan.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application