|
|
 |
|
| Life Insurance> Individual Insurance Plans> Savings & Investment Plans> Kotak Invest Maxima |
|
|
| "IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER." |
 Overview |
| As an informed investor you value your financial achievements and also value every Rupee. When it comes to investment, you would like to maximize your investment at an affordable cost. You would also appreciate a systematic entry into the volatile equity market. |
|
|
| Why
is it an Ideal Plan? |
| Kotak Invest Maxima is an investment-oriented unit linked life insurance plan. This plan offers to maximize your investment with maximum premium allocation. This plan also gives an option of Systematic Switching Strategy that allows you to enter equity market in systematic manner over a period of time along with a range of 5 power-packed fund options. |
| Advantages |
- No Premium Allocation Charge
- Survival Units: Paid up to 2% of Fund Value starting from 10th year & every 5th year thereafter
- Option to choose from two portfolio strategies: Systematic Switching Strategy, Self Managed
- Flexible premium payment options: Regular, Limited & Single Premium
- Additional protection available through optional riders
|
| How Does the Plan Work? |
- You may decide your premium amount and premium payment term based on how much and for how long you wish to invest (Regular Pay, Limited Pay of 5 yrs or Single Pay)
- You choose the Basic Sum Assured, depending on your existing insurance cover and your need. You can further opt for rider benefits to enhance the protective cover of your plan
- You can choose the investment strategy from Self Managed or Systematic Switching Strategy or both as per your investment goals.
- Premiums paid by you, net of applicable charges, will be invested as per your choice.
|
|
|
| Key Features |
 Maximize your wealth with zero premium allocation charge |
| Kotak Invest Maxima has no premium allocation charge that ensures that most of your money is invested in the funds chosen by you and enjoy superior returns over the policy term. |
 Choice of portfolio strategies |
| Kotak Invest Maxima offers you to choose from two portfolio strategies to optimize your investments – (1) Self Managed Portfolio Strategy and (2) Systematic Switching Strategy. |
| Self Managed Portfolio Strategy offers you the flexibility to choose from a range of 5 power-packed fund options that enable you to maximize your potential earnings. |
| Investment Options |
Risk- Return Profile |
Equity |
Debt (Including Money Market Instruments*) |
| Classic Opportunities Fund : (ULIF-033-16/12/09 CLAOPPFND-107) |
Aggressive |
75-100% |
0-25% |
| Frontline Equity Fund (ULIF-034-17/12/09-FRLEQUFND-107) |
Aggressive |
60-100% |
0-40% |
| Balanced Fund (ULIF-037-21/12/09-BALKFND-107) |
Moderate |
30-60% |
40-70% |
| Dynamic Bond Fund ULIF-015-15/04/04-DYBNDFND-107 |
Conservative |
|
100% |
| Money Market Fund (ULIF-041-05/01/10-MNMKKFND-107) |
Secure |
|
100% |
| Discontinued Policy Fund (ULIF-050-23/03/11-DISPOLFND-107) |
Secure |
|
100% |
|
| *Investments in Money Market Instruments will not exceed 40%, except for Money Market Fund and Discontinued Policy Fund. |
| Systematic Switching Strategy (SSS)1 allows you to participate in the volatile equity markets in a systematic & structured manner. It allows you to invest in Money Market Fund and transfer a pre-defined amount every month into any one of the following funds: |
- Classic Opportunities Fund
- Frontline Equity Fund
|
| You have the option to choose Systematic Exit Strategy (SES)2, wherein during the last policy year, you will have the choice to switch out of the selected fund, i.e. you can move the amount accumulated in either Classic Opportunities Fund or Frontline Equity Fund to the Money Market Fund systematically over a 12-month period, in a similar manner as SSS |
| 1&2 Kindly refer to the product brochure for the details of these strategies |
 Boost your savings through Survival Units |
| To reward long-term savings the plan will add survival units every 5 years starting from the end of 10th policy year (subject to policy being in force i.e. not in the discontinued state).. The units will be as follows: |
| Annualised / Single Premium |
Rs. 50,000 to Rs. 74,999 |
Rs. 75,000 & Above |
| Survival Units^ (as % of Fund Value) |
1% |
2% |
|
| ^ Average of the Fund Value on the relevant date and the two preceding year ends. |
 Opt for convenient policy and premium payment terms |
| You have the flexibility to opt for policy terms and premium payment terms as per your convenience. For Single Premium Payment option the policy term is fixed 10 years whereas for Regular & Limited Premium Payment terms you can choose from the fixed policy terms of 10, 15, 20, 25 and 30 yrs. |
 Enjoy liquidity through policy loans and partial withdrawals |
| You can access your investment after completion of the 5th policy year by way of partial withdrawals. Further, you can avail of a policy loan up to 40% of the Fund Value in Main Account and Top-Up Accounts to meet any contingency, after two years’ premiums have been paid for regular & limited premium payment terms. For Single premium payment option, loans shall be granted against the policy anytime after the first policy year. |
 Boost your protective cover through optional rider benefits |
| Kotak Invest Maxima allows you to opt for additional rider benefits with regular and limited premium payment options. The riders offered in this plan are: |
- Kotak Accidental Death Benefit (ADB) - Lump sum Benefit paid on accidental death
- Kotak Permanent Disability Benefit (PDB) - Installments paid on being totally and permanently disabled as a result of an accident
|
| 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 |
|
| Risk Factors |
- Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors.
- The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
- Kotak Mahindra Old Mutual Life Insurance Ltd. is only the name of the Insurance Company and Kotak Invest Maxima is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
- Please know the associated risks and the applicable charges, from your Insurance Agent or Corporate Agent / Insurance Broker or policy document of the insurer.
|
| About Us |
| Kotak Mahindra Old Mutual Life Insurance Ltd. is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual plc. |
| Kotak Mahindra is one of India's leading banking and financial services organizations, offering a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, to mutual funds, to life insurance, to investment banking, the group caters to the diverse financial needs of individuals and corporate sector. |
| Kotak Invest Maxima UIN: 107L073V01, Form No: L073, |
Kotak Accidental Death Benefit UIN 107C001V01, Form No. C001, Kotak Permanent Disability Benefit UIN 107C002V01, Form No. C002
Ref. No.: KLI/11-12/E-WEB/135 |
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.
Toll Free No. – 1800 209 8800 |
| Insurance is the subject matter of the solicitation. This is a unit linked non-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 Rider Brochure. |
|
| |
|
|
|
|
|
|
