IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year
We know when it comes to your family's future you wouldn't leave anything to chance. You would surely want to ensure that they are financially secure and want to provide them enough to take care of their future goals. This is why Kotak Wealth Insurance helps you strike an apt balance of protection and wealth accumulation. As a unit-linked insurance plan (ULIP), it allows you to build a corpus of money by regularly investing in the funds of your choice while ensuring that your family is well protected through a comprehensive life cover.
|Entry Age||Life Assured: 0 to 65 years
Policyholder: 18 to 65 years
|Maximum Maturity Age||75 years|
|Policy Term||Option of 10/15/20/25/30 years|
|Premium Payment Mode||Annual|
|Premium Payment Term||Regular
Payment applies throughout policy term
5 years payment with policy term of 10 years
Max: No Limit
|Basic Sum Assured||Minimum sum assured:|
|Maximum sum assured is 25 x annual premium.|
|Top-Up Premium||Minimum payment: 10,000
Maximum payment: Total Top-Up premium paid shall not exceed the sum of all the regular premiums paid at that time
|Top-Up Sum Assured||Top-Up at ages below 45 years
Assured Top-Up sum of 1.25 x Top-Up premium.
Top-Up at ages 45 years and above
Assured Top-Up sum of 1.10 x Top-Up premium.
- In case the life insured commits suicide within one year of date of issue of the policy, the beneficiary would receive the Fund Value in the Main and the Top-Up Accounts.
- In case the life insured commits suicide within one year of date of payment of Top-Up Premium, the Top-Up Sum Assured is not payable and only the Fund Value in the Top-Up Accounts is payable.
You may also consider:Kotak Platinum
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