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| Life Insurance> Individual Insurance Plans> Savings & Investment Plans> Kotak Wealth Insurance |
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| "IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER." |
 Overview |
| It is your dream to ensure a bright future for your family. As your partner in this endeavor, Kotak Life Insurance presents Kotak Wealth Insurance, a unit-linked Life Insurance plan that diligently works towards realization of your dreams. It is one of the investment plans which ensure that your investments grow with time. It also provides a triple protection so that your family's aspirations are met even if you are not around. |
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| Advantages |
- Comprehensive triple benefit to secure your family's future
- Wide array of fund options to suit your investment needs
- Liquidity to take care of contingencies
- Convenience of shorter payment term
- Optional rider benefits to boost protection
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| Key Features |
 Maturity Benefit |
| You are entitled to the Fund Value on maturity. You may withdraw any amount on maturity and the balance, if any, can be taken in periodic instalments for up to 5 years after maturity. |
 Death Benefit |
| This investment plan provides the following benefits in the event of death: |
| Contingencies |
Benefits payable on Death |
| If Life Insured and Policyholder are same |
- Basic Sum Assured plus
- Fund Value in Main and Top-Up Accounts, plus
- Lump Sum Benefit# equal to all future premiums
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| If Life Insured and Policyholder are different |
On Death of the Life Insured:
- Basic Sum Assured plus
- Fund Value in Main and Top-Up Accounts
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On Death of the Policyholder:
- Lump Sum Benefit# equal to all future premiums, is injected into the Fund
- Policy Continues; all future premium are waived off
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| The Death Benefit in this plan will not be less than 105% of the total premiums paid (adjusted for Partial Withdrawals and outstanding loan amount along with interest). |
| #Lump Sum Benefit is equal to the future premiums (i.e. basic premium x number of outstanding instalments). This benefit is payable only during the premium payment term. |
 Rider Benefits for boosted protection |
| To ensure comprehensive protection for your family, you may opt for any of the following rider benefits:
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- Kotak Accidental Disability Guardian Benefit (ADGB)
- Kotak Accidental Death Benefit (ADB)
- Kotak Critical Illness benefit (CIB)
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| These benefits will be charged by way of additional unit deductions from the fund.
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 Loans and Partial Withdrawals for easy liquidity |
| To ensure that your long-term investments are flexible enough to account for your current needs, Kotak Wealth Insurance which is an investment plan, offers you the option of Loan and Partial Withdrawals. You can avail of a loan up to 40% of the Fund Value in Main and Top-Up Account to meet any contingency, after two years premium have been paid. Partial Withdrawals are allowed after five policy years. |
 Invest surplus capital as Top-Up Premiums |
| You can invest your surplus funds as Top-Ups, thus adding to your savings potential. You also enjoy Top-Up Sum Assured that add to your existing cover. |
 Switch between funds for better flexibility |
| Switching is allowed during the term of the policy between the available fund options to match your investment objectives and maximize your returns. First four switches in a year are free. |
 Convenience of shorter payment term |
| You can choose to pay off your premiums in 5 years and enjoy policy benefits over a policy term of 10 years. |
| 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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| 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 Wealth Insurance 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 the Intermediary or policy document of the insurer.
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| Kotak Wealth Insurance – UIN: 107L063V01, Form No: L063. ADB - 107C001V01 Form No. C001, CIB - 107C004V02 Form No. C004, ADGB - 107C011V01, Form No. C011 Ref No. KLI/10-11/E-WEB/107 |
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 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. |
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