Need your valuable input on the traditional insurance policy from Kotak i.e. Kotak Assured Savings plan. Where they claim that it is a guaranteed maturity.
If we pay for 50K for 10 years and at the end of 15th-year maturity benefit of 7,78,000.
Suggest me if there are any from Kotak or any other bank.
Deepak-What is guaranteed here? Have you checked it? They are claiming that they provide you 7% and 10% Guaranteed yearly additions for 5 yrs and 10 yrs policy respectively. Do remember that, once they declare this, they never add a single rupee to it. They keep this amount with them. So the end result is less than 6% returns.
Forget about final again GUARANTEED loyalty addition, it is one-time payment. It will not create such a big impact on your return part. My suggestion is they simply created a noise by saying GUARANTEED. Nothing NEW.