Accumulate wealth through a disciplined investment approach
At maturity; you will receive a corpus of money accumulated through returns earned via investing in the funds of your choice.
All the funds offered under this, Kotak Wealth Insurance plan,Unit-Linked Insurance Plan (ULIP) are managed by our well qualified and experienced experts.
You might use this corpus to take care of a large expense like buying a car or a marriage.
Customised fund portfolio for your risk-returns profile.
under this Kotak Wealth Insurance plan, an Investment plan, you can invest your money in a variety of fund options suited for all types of investors, ranging from cautious to aggressive.
What's more, you can divide your money between different funds or even switch from one fund to another for added investment flexibility.
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Secure the well-being of your family through triple protection
in the unfortunate event of death (where the policyholder and the life assured are the same); Kotak Life Insurance helps lessen the financial burden your family might face by providing the benefit of triple protection as follows:
Your beneficiary is paid 100% of the basic sum assured immediately to compensate for immediate loss of income.
Fund Value in Main Account Plus
Lump Sum Benefit
In this way your family gets an immediate financial relief and they don't feel financially insecure.
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Easy access to investment.
Need cash for an unexpected life event?
Kotak Wealth Insurance allows you to:
Make partial withdrawals after the 5th policy year.
Option of shorter term payment
if a longer payment period doesn't suit your needs, you can always opt for a shorter one.
Enjoy all the benefits of a 10-year plan and have the convenience of a 5-year premium payment period.
Other advantages
Switch between funds for better flexibility.
Invest surplus capital in this investment plan as Top-Up Premiums.
Whether you manage your portfolio actively or leave things to our investment experts, you'll find a suitable fund from our range of funds catering to different risk profiles.
One fine body...
In case the life insured commits suicide within one year of date of issue of the policy, the beneficiary would receive the Fund Value in the Main and the Top-Up Accounts.
In case the life insured commits suicide within one year of date of payment of Top-Up Premium, the Top-Up Sum Assured is not payable and only the Fund Value in the Top-Up Accounts is payable.
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Benefits earned under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits on:
Your premiums under Section 80C.
Maturity or death claim proceeds under Section 10 (10D).
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.
| Entry Age | Life Assured: 0 to 65 years Policyholder: 18 to 65 years |
|---|---|
| Maximum Maturity Age | 75 years |
| Policy Term | Option of 10/15/20/25/30 years |
| Basic Sum Assured | Minimum Sum Assured: Entry age of below 45 Higher of 10 x Annual Premium OR 0.5 x Policy Term x Annual Premium Entry age of 45 and above Higher of 7 x Annual Premium OR 0.25 x Policy Term x Annual Premium |
| Premium Payment Mode | Annual |
| Premium Levels | Minimum
Annual: Rs 99,000; Half-yearly: Rs 49,500; Quarterly: Rs 24,750; Monthly: Rs 8,250. Max : No Limit |
| Premium Payment terms |
Regular: Payment applies throughout policy term Limited: 5 years payment with policy term of 10 years |
| Premium Amount |
Min: Regular Premium: 20,000/- Limited Premium: 50,000/ Maximum: No Limit |
| Top-Up Premium |
Minimum payment: Rs: 10,000 Maximum payment: Total Top-Up premium paid shall not exceed the sum of all the regular premiums paid at that time |
| Top-Up Sum Assured |
Top-Up at ages below 45 years Assured Top-Up sum of 1.25 x Top-Up Premium. Top-Up at ages 45 years and above Assured Top-Up sum of 1.10 x Top-Up Premium. |
Insurance is the subject matter of the solicitation.
This is a Unit-Linked non-participating plan
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
Insurance is the subject matter of the solicitation.
This website content is not a brochure and only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For more details on rider benefits, please refer to the rider brochure.
