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Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
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A Unit Linked Life Insurance Plan
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 what you might get back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience may be different from the illustrated.
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 Investment. 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
Call our toll free number and our representative will help you buy the most suitable plan.
Send a "Hi" to 93210 03007, from your registered mobile number.
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.Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
Kotak Platinum UIN: 107L067V05, 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/19-20/E-WEB/314
This is a unit linked non-participating endowment plan. 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 Life Insurance Company 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 is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
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