Close
Close

Buy a life insurance plan in a few clicks

Now you can buy life insurance plans completely online right here.

  • Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Kotak Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.

  • Kotak Lifetime Income Plan

    Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Kotak Wealth Optima Plan

In this policy, the investment risk in investment portfolio is borne by the policyholder. The Unit linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially during lock-in period i.e. till the end of first five years.

How it works

  • Shivani is 35 years old, business woman.

  • She chooses a policy term of 20 years and premium payment term of 7 years with annual premium of Rs. 10,00,000 and a Sum Assured of Rs. 1,00,00,000.

  • She chooses the Age Based Strategy as it offers her the flexibility to change Risk Appetite as per market movements, and starts with an Aggressive Risk Appetite

  • At the end of 10 years, her cumulative premium is Rs. 70,00,000, fund value at 8%# is Rs. 1,08,11,092 and fund value at 4%# is Rs. 82,31,060.

  • At maturity, her cumulative premium is Rs. 70,00,000 and fund value at 8%# is Rs. 2,17,92,568 and fund value at 4%# is Rs. 1,13,36,810.

    #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.

Key features

  • Option to be covered for whole life

    Stay protected till age 99 years

  • Choice of two Investment Strategies

    This plan enables you to choose the funds that suit your risk-return profile. It offers you the flexibility to choose from 2 Investment Strategies: (1) Self-Managed Strategy and (2) Age Based Strategy.

  • Enhances fund growth through Yearly Additions post Lock-in period

    Yearly Additions starts accruing from the end of 6th policy year (subject to policy being in force) till the end of the policy term.

  • Boosts long term savings through Wealth Boosters

    Wealth Boosters starts every 5 years starting from the end of 10 policy year (subject to policy being in force)

  • Option of additional protection through optional riders

    Increase your protection cover with the two optional riders

Eligibility

  • Age Criteria

    Entry Age:

    Min: 3 years

    Max: Other than Whole life:

    • Regular Pay: 65 years
    • Limited Pay: 58 years
    • Whole Life: Limited pay: 50 years

  • Maturity Age:

    Regular & Limited Pay: Min: 18 years Max: 75 years

    Whole Life: Min:18 years Max: 99 years

    Note: The minimum policy term will be equal to the smallest available term to ensure that the Life

    Insured is a Major at the time of maturity. For example, if the Life Insured’s age is 7, minimum policy

    term available would be 12 years

  • Policy Term:

    Regular Pay & Limited Pay: 10 years / 15 years / 20 years

    Whole Life: 99 minus age at entry of life insured.

    Premium Payment Term:

    Regular:

    Other than Whole Life Policy Term Premium Paying Term
    10 10
    15 15
    20 20
    Whole Life Not Applicable

    Limited:

    Other than Whole Life Policy Term Premium Paying Term
    10 5/7
    15 5/7/10
    20 5/7/10
    Whole Life 99 - age at Entry 5/7/10 or 60 – age at Entry
  • Premium Payment Mode

    Yearly, Half yearly, Quarterly, Monthly

    Premium

    Min: Annual – Rs. 500,000 || Half-Yearly – Rs. 250,000 || Quarterly – Rs. 125,000 || Monthly – Rs. 42,000 Max: No limit

  • Basic Sum Assured

    Other than Whole life:

    • For entry ages 3 - 60 years: Min: 10 times of AP || Max: 15 times of AP

    • For entry ages 61 - 65 years: Min & Max: 10 times of AP

    Regular pay is not applicable under Whole life.

    Limited Pay:

    Other than Whole life:

    • For entry ages 3 – 45 years: Min: 10 times of AP || Max: 15 times of AP

    • For entry ages 46 – 58 years: Min & Max: 10 times of AP

    Whole life:

    • For entry ages 3-45 years: Min: 10 times of AP || Max: 15 times of AP

    • For entry ages 46-50 years: 10 times of AP (fixed) AP refers to one Annualized Premium

Additional protection with optional Riders

  • Kotak Accidental Death Benefit Rider

    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

  • Kotak Permanent Disability Benefit Rider

    In case of Total and Permanent disability of the life insured due to accident, the Rider Sum Assured is payable and the base policy continues

Need help with life insurance?

Request a Life Advisor

Savings and Investments Plans
Select City
New

Get details of your policy on WhatsApp

Send a "Hi" to 93210 03007, from your registered mobile number.

Get in touch with our Customer Care team

Click Here

Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

Call our toll free number and our representative will help you buy the most suitable plan.

Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

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.

Terms & Conditions 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 Life Insurance Company Ltd. is only the name of the Insurance Company and Kotak Wealth Optima Plan 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.

• The past performance of other Funds of the Company is not necessarily indicative of the future performance of the funds.

• Please know the associated risks and the applicable charges (along with the possibility of increase in charges), from your Insurance Agent or Corporate Agent / Insurance Broker or policy document of the insurer.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS 

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. 

Kotak Wealth Optima Plan UIN: 107L118V01, Form No: L118, 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/20-21/E-WEB/775

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.

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd. Reg. No. 107; CIN: U66030MH2000PLC128503 Regd. Office: 2nd Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai -400051 Toll Free: 1800 209 8800 | Website: https://insurance.kotak.com | Email: clientservicedesk@kotak.com

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

Similar plans

  • Kotak Single Invest Plus

    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 POS Bachat Bima

    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.

    Know more
  • Kotak Ace Investment

    Kotak Ace Investment Plan is designed with the clear objective of helping you accumulate wealth and provide you adequate life cover.

    Know more
  • Kotak Assured Income Accelerator

    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 Endowment Plan

    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 Premier Moneyback Plan

    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 Classic Endowment Plan

    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 Income Plan

    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
  • Kotak SmartLife Plan

    A Limited Pay Non-Linked Participating Life Insurance plan. You earn and work hard to accomplish your dreams and aspirations at every stage of life.

    Know more
  • Kotak Premier Life Plan

    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
  • Kotak Invest Maxima

    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 Platinum Plan

    Kotak Platinum is an investment plan with an unmatched combination of three investment strategies and flexibilities for complete control over your investments.

    Know more
  • Kotak Sampoorn Bima Micro-Insurance Plan

    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 Guaranteed Savings Plan

    A Non-Linked Non-Participating Life Insurance plan

    Know more
  • Kotak Single Invest Advantage

    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 e-Invest

    Kotak e-Invest - a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and requirements.

    Know more
  • Kotak Assured Savings Plan

    Kotak Assured Savings Plan is an affordable protection plan that enables you to accumulate wealth and strengthens your finances for the future.

    Know more