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.
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A Non-Linked Non-Participating Life Insurance plan
Kotak Life Insurance presents a simple savings and protection oriented plan, which provides all guaranteed benefits while giving life insurance cover – Kotak POS Bachat Bima. The plan provides options for life insurance coverage to suit your needs along with providing guaranteed benefits. The plan is not only simple to understand but also will be easy to purchase.
Mr. Naidu, 30 years, decides to invest in ‘Life’ Plan Option with an Annual Premium* of Rs. 25,000 for a policy term of 20 years and a Basic Sum Assured of Rs. 3,48,728
At the end of 5 years, Total premiums paid will be Rs. 125,000 while accrued Guaranteed Yearly Additions will be Rs. 18,750
At the end of 10 years (i.e. end of PPT), Total premiums paid will be Rs. 250,000 while accrued Guaranteed Yearly Additions at the end of 10th year and 15th year would be Rs. 37,500 and Rs. 56,250 respectively
At the end of the policy term, Maturity Benefit payable will be equal to the sum of: [Basic Sum Assured (Rs. 3,48,728) PLUS accrued Guaranteed Yearly Additions (Rs. 75,000) PLUS Guaranteed Loyalty Addition (Rs. 43,750)] = Rs. 4,67,478
In case of an unfortunate event of Mr. Naidu’s death during the term of the plan, his nominee would receive Sum Assured on Death + Accrued Guaranteed Yearly Additions (till the date of death)
* Above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.
Download the brochure to know more about the plan and how it can benefit you.
Call our toll free number and our representative will help you buy the most suitable plan.
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. Goods and Services Tax and Cess as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
* Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force. This is a non-linked, non-participating endowment plan. This is a saving and protection oriented plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Kotak POS Bachat Bima UIN: 107N117V01, Form No: N117, Ref. No.: KLI/17-18/E-WEB/703
Kotak Mahindra Life Insurance Company Ltd. (Formerly known as Kotak Mahindra Life Insurance Company Ltd.(Formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.)); Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 2nd Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: http://insurance.kotak.com Email:email@example.com. Toll Free No. – 1800 209 8800
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /FRAUDULENT OFFERS
IRDAI clarifies to public that
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. (formerly known as Kotak Mahindra Life Insurance Company Ltd.(Formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.)) under license.
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