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| Life Insurance> Individual Insurance Plans> Child Plans> Kotak Child Edu Plan |
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| Overview |
| Your child's future is a priority and you would like to give your child the best and therefore it requires careful thought and planning. Education is the most important factor in building a child's future and at the same time it also makes up a major portion of your expenses. School, college education and professional courses are getting expensive day by day. Thus, it is important that you start saving today to ensure a bright tomorrow for your child. |
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 Why is it an ideal plan? |
| Kotak Child Edu is a plan designed to provide defined benefits, "Edu Boosters", at specific milestones in your child's life to support his/her education. Kotak Child Edu Plan guarantees a total payout of 125% of the Basic Sum Assured in the form of Edu Boosters. This is a traditional participating life insurance plan with limited premium payment term. It provides life cover for the entire policy term thereby protecting your family, in case of an unfortunate event. |
| Advantages |
- Fulfill your child's aspirations through Edu Boosters PLUS bonuses
- Protect your child's future through life insurance cover;
- Ensure certainty of the benefits even on accidental disability;
- Enhance protective cover through optional riders and
- Gain from High Sum Assured Discount*
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| *for Basic Sum Assured of Rs. 500,000 and above |
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| Key
Features |
 Fulfill the child's aspirations through Edu Boosters PLUS bonuses |
| Kotak Child Edu Plan provides financial support to the child to pursue his/her education without any worries by paying a guaranteed amount equal to 125% of the Basic Sum Assured. Edu Boosters will be paid at important milestones in the life of the child as described below: |
| Edu Boosters |
| Age of Child |
% of Basic Sum Assured |
| 15 years |
15% |
| 17 years |
20% |
| 19 years |
30% |
| 21 years |
60% |
| Total Payout |
125% |
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| The above benefits shall be payable even in case of parent's untimely demise, to ensure financial independence of the child. |
| Maturity Benefit |
| At the end of the policy term (at age 21 of child), the Reversionary Bonus and the Terminal Bonus (if any) accrued till the end of policy term will be payable in addition to the last Edu Booster. |
| Total benefits of 125% of Sum Assured, plus bonuses! |
 Protect your Child's future through life insurance cover |
| Kotak Child Edu Plan ensures that the child gets all the benefits as planned. In the unfortunate event of death of the life insured, this plan supports the child by paying the following: |
- 200% of Sum Assured is paid immediately
- Future premium payment obligation ceases and policy continues as originally planned
- The Edu Boosters will be paid as scheduled
- Accrued Reversionary Bonuses (if any) will be paid at maturity
- Future reversionary bonuses(if any) and Terminal Bonus (if any) shall also be paid at maturity
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 Ensure certainty of the benefits even on accidental disability |
| Benefit on accidental disability |
| In the event of accidental disability, the following benefits will be payable to take care of the financial requirements |
- Future premium payment obligation ceases and policy continues as planned
- The Edu Booster will be paid as scheduled
- Accrued Reversionary Bonuses will be paid at maturity
- Future reversionary bonuses(if any) and Terminal Bonus (if any) shall also be paid at maturity
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| Death Benefit after accidental disability: |
| This plan promises to pay the following in the unfortunate event of life insured's demise during the policy term after the benefits have been paid on accidental disability: |
- 200% of Sum Assured paid immediately
- Policy continues for the original policy term
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 Enhance protective cover through optional riders |
| The plan offers following rider benefits to help you customize the level of protection: |
- Kotak Term Benefit (KTB)/ Kotak Preferred Term Benefit (KPTB) - Lump sum Benefit paid on death
- Kotak Accidental Death Benefit (ADB) - Lump sum Benefit paid on accidental death
- Kotak Permanent Disability Benefit (PDB) - Installments paid on being permanently disabled as a result of an accident
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| For detailed information on riders please refer to Individual Rider brochure. |
 High Sum Assured Discount |
| Avail premium discount of Rs. 2 per Rs. 1000 Basic Sum Assured if your Basic Sum Assured is Rs. 500,000 and above. |
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| Tax Benefits |
| You may avail of tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961 subject to conditions as specified in those sections . Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details |
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| Kotak Child Edu Plan UIN:107N072V01, Form No: N072, Kotak Accidental Death Benefit UIN 107C001V01, Form No. C001, Kotak Permanent Disability Benefit UIN 107C002V01, Form No. C002, Kotak Term Benefit UIN 107C003V02, Form No. C003, Kotak Preferred Term Benefit UIN 107C013V01, Form No. C013 Ref. No.: KLI/11-12/E-WEB/099 |
Regn. No.: 107,
Regd. Office:
Kotak Mahindra Old Mutual Life Insurance Ltd.
4th Floor, Vinay Bhavya Complex,
159 A, C.S.T. Road, Kalina,
Santacruz (East),
Mumbai - 400 098
Website: http://insurance.kotak.com
Email: lifeexpert@kotak.com.
SMS KLIFE to 5676788 Toll Free No. - 1800 209 8800 |
| Insurance is the subject matter of the solicitation. This is a participating endowment plan. This website content is not a brochure and only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For details on riders, please refer to the Individual Rider Brochure. |
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