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.
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.
Our representative will get in touch with you at the earliest.
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.
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.
Stay protected till age 99 years
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.
Yearly Additions starts accruing from the end of 6th policy year (subject to policy being in force) till the end of the policy term.
Wealth Boosters starts every 5 years starting from the end of 10 policy year (subject to policy being in force)
Increase your protection cover with the two optional riders
Min: 3 years
Max: Other than Whole life:
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
Regular Pay & Limited Pay: 10 years / 15 years / 20 years
Whole Life: 99 minus age at entry of life insured.
|Other than Whole Life||Policy Term||Premium Paying Term|
|Whole Life||Not Applicable|
|Other than Whole Life||Policy Term||Premium Paying Term|
|Whole Life||99 - age at Entry||5/7/10 or 60 – age at Entry|
Yearly, Half yearly, Quarterly, Monthly
Min: Annual – Rs. 500,000 || Half-Yearly – Rs. 250,000 || Quarterly – Rs. 125,000 || Monthly – Rs. 42,000 Max: No limit
• 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.
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
• 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
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
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
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.
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.
• 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.
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.
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: email@example.com
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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