Now you can buy life insurance plans completely online right here.
Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
Kotak e-Assured Savings Plan not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.
Kotak e-Lifetime Income Plan gives you the assurance of regular stream of income throughout your lifetime to lead a care-free life.
Our representative will get in touch with you at the earliest.
An investment plan, customised to your needs
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 withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.
No one knows your requirements better than you. That’s why it is important to find the right investment avenues to meet your requirements. Keeping this in mind Kotak Life Insurance brings to you Kotak Platinum, an investment plan with nominal charges that you can customize as per your goals and requirements. With an unmatched combination of three investment strategies and flexibilities, it gives you complete control over your investments. It offers you exhaustive options to diversify your wealth so that you do not have to look for any other investment avenue.
Raunaq Shah is 35 years old, a young executive who is willing to take a little risk with his investment
He chooses a policy term and premium payment term of 20 years with annual premium of Rs. 5,00,000 and a Sum Assured of Rs. 50,00,000
He chooses the Age Based Strategy as it offers him the flexibility to change Risk Appetite as per market movements, and starts with an Aggressive Risk Appetite
At the end of 10 years, his cumulative premium is Rs. 5,000,000, fund value at 8% is Rs. 68,67,760 and fund value at 4% is Rs. 55,08,767.*
At maturity, when Mr. Shah 55 years and is nearing retirement, his cumulative premium is Rs. 10,000,000 and fund value at 8% is Rs. 2,04,20,212 and fund value at 4% is Rs. 1,30,33,087*
This allows him to look forward to his retirement in peace
*The values are based on assumed investment rate of return of 4% p.a. & 8% p.a. The values shown are not guaranteed and they are not upper and lower limit of returns, they have been shown for illustrative purpose only.
The above premium figures are net of Goods and Services Tax and Cess , as applicable. Goods and Services Tax and Cess rates are subject to change from time to time as per the prevailing tax laws and/or any other laws.
To get the best out of your money it is important to determine your investment horizon. This enables you to establish your risk-return profile and thereafter choose the funds that suit you. Kotak Platinum offers you the flexibility to choose from 3 Investment Strategies; Self Managed Strategy: If you wish to manage your investment on your own Age Based Strategy: If you don't have the time or financial expertise in managing your investments Systematic Switching Strategy (SSS): If you want to avail the benefit of equity investment in a systematic manner
Ensure that 95% to 98.5% of your premium payment is contributed to the investment you have picked, to maximise your returns.
On top of the earnings your investment brings, be rewarded with extra Survival Units at the end of 10th policy year and every 5 years thereafter. The Survival Units are equal to 2% of the average Fund Value (in the Main Account) in the immediately preceding three years.
Option of 5-year premium payment period for a policy term of 10 years, or 10-year premium payment period for policy terms of 15 to 30 years In cases where longer payment period doesn’t suit your needs, you may also pay yearly, half-yearly, quarterly or monthly and enjoy greater flexibility in the way you invest.
Get life insurance cover to safeguard your family's well-being Flexibility to receive maturity benefit either via lump sum payment or in instalments through Settlement Option Choice of partial withdrawals to address your financial needs Enhance protection with Accidental Death and Permanent Disability Benefit Rider
|Age of Life Insured||Minimum||Maximum|
|Less than 45 years||Higher of 10 times AP or 0.5* Policy Term * AP||25 times AP|
|45 years||Higher of 7 times AP or 0.25* Policy Term * AP||25 times AP|
|46 years - 55 years||15 times AP|
|56 years - 60 years||10 times AP|
|61 years and above||7 times AP|
|Age of Life Insured||Minimum||Maximum|
|Less than 45 years||Higher of 10 times AP or 0.5* Policy Term * AP||15 times AP|
|45 years||Higher of 7 times AP or 0.25* Policy Term * AP||15 times AP|
|46 years - 50 years||15 times AP except for 5 PPT which is 10 times AP|
|51 years- 60 years||10 times AP except for 5 PPT which is 7 times AP|
In addition to the death benefit as per the base plan, the Rider Sum Assured is payable in case of an unfortunate demise of the life insured due to accident.Download
In case of Total & Permanent disability of the life insured due to accident, the Rider Sum Assured is payable and the base policy continues.Download
Enter a few details to calculate your premium instantly.Calculate premium
Download the brochure to know more about the plan and how it can benefit you.
Benefits earned under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits on:
Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. You are advised to consult your tax adviser for details.
Kotak Platinum UIN: 107L067V03, Form No: L067, Kotak Accidental Death Benefit Rider (Linked) UIN – 107A017V01 Form No: A017, Kotak Permanent Disability Benefit Rider (Linked) UIN – 107A018V01 Form No: A018, Ref No.:KLI/17-18/E-WEB/162
This is a unit linked non-participating endowment plan. Insurance is the subject matter of the solicitation. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure.
Kotak Mahindra Old Mutual Life Insurance Ltd.
Reg No. 107
CIN : U66030MH2000PLC128503
2nd Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
IRDAI clarifies to public that
Kotak Invest Maxima is an investment oriented unit-linked life insurance plan with maximum premium allocation and a Systematic Switching Strategy that allows you to enter the equity market in a systematic manner.Know more
Kotak Single Invest Advantage is a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term.Know more
Kotak Wealth Insurance is a unit-linked insurance plan (ULIP) that allows you to build a corpus of money by regularly investing in funds of your choice while protecting your family.Know more
Kotak Gramin Bima Yojana provides you the benefit on maturity of the plan an also offers protection against uncertainties with the ease of paying a one-time premium.Know more
Kotak Sampoorn Bima Micro Insurance Plan is a single premium plan with fixed term of 5 years to cater to the needs of low-income customers.Know more
Kotak Single Invest Plus is a single premium unit linked plan where, by just paying once, you can reap benefits and also stay protected.Know more
Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning bonuses during the policy term.Know more
Kotak Premier Endowment Plan offers Guaranteed Additions in the first 5 policy years and also works to provide you a corpus through continued bonuses.Know more
Kotak Assured Income Plan guarantees you an additional income every year for fixed 15 years so that you can enjoy life cover for the entire policy term.Know more
Kotak Assured Savings Plan is an affordable protection plan that enables you to accumulate wealth and strengthens your finances for the future.Know more
Kotak Assured Income Accelerator ensures that you get Guaranteed Income every year on the same amount of savings and that the Guaranteed Income increases year on year.Know more
Kotak Premier Moneyback Plan is a limited pay plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and let you offer the best to your family.Know more
Kotak Life Insurance presents Kotak Premier Income Plan a savings and protection oriented plan that provides Guaranteed Annual Income immediately after the premium payment term to provide you with an additional annual income.Know more
A Non-Linked Non-Participating Life Insurance planKnow more
Kotak Ace Investment Plan is designed with the clear objective of helping you accumulate wealth and provide you adequate life cover.Know more
Kotak Premier Life Plan is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires.Know more