Kotak Assured Savings Plan Calculator
Kotak Assured Savings Plan is a non-linked, non-participating individual savings life insurance plan from Kotak Mahindra Life Insurance. You pay a fixed annual premium for a chosen Premium Payment Term (PPT), and the policy continues for a longer Policy Term (PT), at the end of which you receive a Guaranteed Maturity Benefit made up of three parts:
- Basic Sum Assured (BSA) — the core guaranteed cover, based on your premium and Premium Payment Term.
- Accrued Guaranteed Yearly Additions (GYA) — a fixed, non-compounding addition that accrues every year during the Premium Payment Term.
- Guaranteed Loyalty Addition (GLA) — a one-time addition paid at maturity that rewards longer Policy Terms.
This calculator estimates these three components, the total premium you will pay, and an approximate effective annual yield, using illustrative rates modeled on the plan's published structure. It does not reproduce Kotak Life's official benefit illustration — always confirm exact figures with your policy document or a Kotak Life advisor before making a purchase decision.
Premium Payment Term and Policy Term
The plan offers a Premium Payment Term of 5 to 10 years and a Policy Term of 10 to 20 years — you pay premiums only for the PPT, but the guaranteed additions and final benefit are tied to the full Policy Term.
Basic Sum Assured
The Basic Sum Assured is calculated as a multiple of your annual premium. The multiple rises with the Premium Payment Term, reflecting how a longer commitment earns a higher guaranteed cover multiple:
| Premium Payment Term | BSA Multiple |
|---|---|
| 5 years | 7.0x |
| 6 years | 7.5x |
| 7 years | 8.0x |
| 8 years | 8.5x |
| 10 years | 10.0x |
Accrued Guaranteed Yearly Additions
Every year during the Premium Payment Term, a fixed percentage of your annual premium accrues as a Guaranteed Yearly Addition. These additions are flat (non-compounding) and are paid out together with the rest of the maturity benefit at the end of the Policy Term:
| Premium Payment Term | GYA Rate (per year) |
|---|---|
| 5 years | 4.50% |
| 6 years | 5.00% |
| 7 years | 5.25% |
| 8 years | 5.50% |
| 10 years | 6.00% |
Guaranteed Loyalty Addition
A one-time Guaranteed Loyalty Addition is paid alongside the maturity benefit, calculated as a percentage of the Basic Sum Assured. This percentage rises with the total Policy Term, rewarding policyholders who stay invested for longer:
| Policy Term | GLA Rate |
|---|---|
| 10 years | 5% |
| 12 years | 7% |
| 15 years | 10% |
| 20 years | 15% |
Total Guaranteed Maturity Benefit
This full amount is paid once, in the final Policy Year.
Effective annual yield
The calculator also estimates the effective annual yield (an approximate internal rate of return) by treating your premiums as yearly outflows during the Premium Payment Term and the total maturity benefit as a single inflow in the final Policy Year, then solving for the constant annual rate that makes the discounted cash flows net to zero. This gives a rough sense of how the plan's guaranteed return compares to a simple compounding investment — it excludes taxes and any applicable charges.
How to use this calculator
- Enter your Age at Entry.
- Enter the Annual Premium you plan to pay.
- Choose a Premium Payment Term (5, 6, 7, 8, or 10 years).
- Choose a Policy Term (10, 12, 15, or 20 years) — must be at least as long as the Premium Payment Term.
- Submit to see the Basic Sum Assured, accrued additions, loyalty addition, total maturity benefit, effective annual yield, and a year-by-year cash flow schedule.
Worked example
Suppose you are 30 years old, pay an Annual Premium of ₹1,00,000, choose an 8-year Premium Payment Term, and a 15-year Policy Term.
- Total Premiums Paid: ₹1,00,000 × 8 = ₹8,00,000
- Basic Sum Assured: ₹1,00,000 × 8.5 = ₹8,50,000
- Accrued GYA: ₹1,00,000 × 5.5% × 8 = ₹44,000
- Guaranteed Loyalty Addition: ₹8,50,000 × 10% = ₹85,000
- Total Guaranteed Maturity Benefit: ₹8,50,000 + ₹44,000 + ₹85,000 = ₹9,79,000, paid in Policy Year 15