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Kotak Eternal Life Plans

 
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Life Insurance> Individual Insurance Plan> Protection Plans> Kotak Eternal Life Plans
Overview
While you ensure that your hard-earned money is accessible when you need it the most and your cost for a secure future does not increase with time, Eternal Life Plans i.e. whole life insurance plans look towards offering you and your family lifelong protection. With guaranteed protection for life, opportunity to create wealth, and comprehensive cover options, these life insurance plans provide you with a perfect financial solution to suit your needs.
 Why An Ideal Plan
Kotak Eternal Life Plans are participating whole life insurance plans that provide enhanced protection till the golden age of 99. These plans consolidate the benefits of a high cover at lower premiums, cash lump sum benefits at desired stage and a way to care for your spouse into one package thereby making it suitable for someone looking for a complete whole life protection plan.
 Advantages
  • Permanent and complete protection till your 99th birthday
  • Adequate protection to meet your growing needs
  • Cash lump sum to fulfill your dreams
  • Choice of 2 plan options
  • Complete safeguard against uncertainties of Accidental Disability (applicable to Eternal Life Premier Shield only) and Critical Illness (in the form of a rider)
  • Tax Benefits under Sec 80C and Sec 10(10)D
 Key Features
Protection for your family (Death Benefit)
In the unfortunate event of death within the term of the insurance policy, your beneficiary would receive:
  • Sum assured + Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (as applicable), payable on death during the premium payment term
  • Sum assured + Terminal Bonus(as applicable), payable on death after the premium payment term
Cash Lump Sum In The Form Of Bonus Additions
Eternal Life Plans offers the following benefits during the life of the policy:
Simple Reversionary Bonuses: These bonuses are paid out on the 5th policy anniversary, on death during the premium payment term or on survival to the end of the selected premium payment term.
Interim Bonus: In case of a death claim during the premium payment term in respect of the latest policy year for which the reversionary bonus is yet to be declared.
Additional Terminal Bonuses: Payable only on Maturity or earlier Death, as applicable. These are available throughout the lifetime of the policy.
Special Terminal Bonus: Payable as a lump sum cash benefit on survival by the life insured to the end of the premium payment term.
Plan options
Designed in two unique variants, the product has been packaged to suit different sets and needs of customers:
Eternal Life Premier Shield - Offering a comprehensive Whole life cover till age 99 with premiums that match income and lifestyle.
Eternal Life Classic Shield - Offering a comprehensive Whole life cover till age 99 along with guaranteed level premiums and flexible premium payment term.
 Tax Benefits
Tax Benefits can be availed under section 80C and 10(10D) of Income Tax Act, 1961. Section 80D of the Income Tax, 1961 will apply in case Critical Illness benefit is opted for. Tax benefits are subject to change in tax laws. Please consult your tax advisor for details.
Insurance is a subject matter of solicitation. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
Kotak Eternal Life Classic Shield UIN No.: 107N040V01, Form No.: N040.
Kotak Eternal Life Premier Shield UIN No: 107N041V01, Form No.: N041.
Critical Illness Benefit UIN No: 107C004V02, Life Guardian Benefit UIN No.107C012V01, Term Benefit UIN No.: 107C003V02. Preferred Term Benefit UIN No.: 107C013V01
Ref No.: KLI/10-11/E-WEB/154
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
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Life insurance gives an individual’s family the financial security needed and protects them from uncertainties and eventualities of life.

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Savings and Investment Plans from kotak Life Insurance are customized plans that help an individual achieve his / her long-term goals through smart financial planning.

Children Plans from Kotak Life Insurance help an individual secure his / her child’s financial future so that in future the child is able to fulfill every dream and aspiration without any hindrance

Group Life Insurance Plans from Kotak Life Insurance can help address the needs of both employees and employers, to secure their financial future.
Kotak Mahindra Old Mutual Life Insurance Ltd. A joint venture between Kotak Mahindra Bank Ltd. and Old Mutual plc.
4th Floor, Vinay Bhavya Complex, 159 A, CST Road, Kalina, Santacruz (E), Mumbai - 400 098

All rights reserved. Registered with Insurance Regulatory & Development Authority (IRDA) as Life Insurance Company. Regn. No. 107.
Insurance is the subject matter of the solicitation
Tax benefits available with life insurance are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.