Kotak Safe Investment Plan is now power packed with new features and benefits. The new features that are available to all existing policyholders are:

• Lump Sum Injection
• Part Withdrawals
• Bond Fund

"Details Regarding Lump Sum Injection for Kotak Safe Investment Plan"

There are times when you may have excess liquidity (surplus cash). The plan allows you to make lump sum injection at anytime that the policy is in force. A separate supplementary account will be set for all the lump sums that you inject from time to time.

Currently, the minimum lump sum amount that you can inject is Rs.10,000.

Please note that the lump sum injections do not impact your sum assured.
Lump sum Injections will bear an initial charge of 2.5%.

In the event of maturity / death, the units in Supplementary Account will be paid out at market value along with the benefits payable under the policy.

"Details Regarding Part Withdrawal for Kotak Safe Investment Plan"

The plan gives you the option to withdraw money from the fund, in parts, through partial surrender of units.

Surrender of units from Supplementary Account: Anytime after the first year, you can withdraw your money through partial surrender of units. The amount payable would be the full value of units at selling price (without any surrender charge).

Surrender of units from Main Account*: Amounts from this account can be withdrawn only after three completed policy years. In the 4th to the 10th year, you can withdraw amounts in part by paying a surrender charge of 2.5% of the amount withdrawn. Anytime after 10th year, when you choose to withdraw your money through partial or complete surrender of units, the amount payable would be the full value of units at selling price (without any surrender charge).

As a policy, when you request us for withdrawals, we would first liquidate units from your supplementary account. And only if need be, would your main account be liquidated. The minimum amount that you could withdraw at a time is currently Rs.10,000 and thereafter, in multiples of Rs.10,000, subject to leaving behind a minimum balance of Rs10,000.

*Main Account is the Account in which premiums paid net of charges is held on your behalf.

"Details Regarding Bond Fund"

The portfolio will consist of highly rated debt instruments including corporate debt and infrastructure debt assets as defined in the IRDA regulations, Government securities and short-term investments.

Minimum Maximum IInvestment in Government / Government guaranteed securities 0% 75% Investment in other debt securities 25% 100% Short term Investments such as money market instruments, short term bank deposits, call money and cash 0% 20%

The Buy Sell Spread applicable to the fund is 0.22% and the annual Fund Management Charge is 1.2%.