Kotak Assured Savings

1- The product data was last updated in November 2024. 

2- All data has been sourced from product brochures, policy wordings, prospectus, public disclosures (Q4, FY 2023-2024), insurer websites, and the IRDAI website.

3- We have calculated the IRR for the following test case: A person paying an annual premium of ₹50K, choosing a premium pay term of 10 years and policy term of 20 years.

- For LIC’s Bima Jyoti, the IRR is calculated for: A person paying an annual premium of ₹49,568, choosing a premium pay term of 15 years and policy term of 20 years.

- For SBI Life’s Smart Platina Plus, the IRR is calculated for: A person paying an annual premium of ₹50K, choosing a premium pay term of 15 years and policy term of 26 years.

- For Shriram Life’s Assured Savings Plan, the IRR is calculated for: A person paying an annual premium of ₹50K, choosing a premium pay term of 15 years and policy term of 15 years.

4- We've simplified the product data for better understanding. For the exact details, please refer to the respective plan’s policy wording or brochure.

5- The Response time on X (Twitter) was calculated using a sample set of tweets from January to September 2024 - (Analyzed in September 2024). The Response time on Toll Free was last evaluated in September 2024.

6- The Claims Experience was assessed based on an audit of various processes and facilities offered by the insurers, during claim settlement.