Zero Premium Allocation Charge
Kotak Invest Maxima has no premium allocation charge, thus ensuring that most of your money is invested in the funds chosen by you and returns are enjoyed over a larger portion of your premiums.
Choice of convenient Policy Term and Premium Payment Term
You have the flexibility to opt for policy terms and premium payment terms as per your convenience.
For Single Premium Payment option the policy term is fixed 10 years whereas for Regular and Limited Premium Payment terms you can choose from the fixed policy terms of 10, 15, 20, 25 and 30 years.
Liquidity through Partial Withdrawals
You can access your investment after completion of the 5th policy year by way of partial withdrawals.
SFINs:
Classic Opportunities Fund ((ULIF-033-16/12/09 CLAOPPFND-107),
Frontline Equity Fund (ULIF-034-17/12/09-FRLEQUFND-107),
Money Market Fund (ULIF-041-05/01/10-MNMKKFND-107)
Get rewarded for staying invested longer:
To reward long-term savings the plan will add survival units every 5 years starting from the end of 10th policy year (subject to policy being in force i.e. not in the discontinued state).
Annualized / Rs. 50,000 to Rs. 75,000
Single Premium Rs. 74,999 & Above
Survival Units^ 1% 2%
(as % of Fund Value)
^ Average of the Fund Value on the relevant date and the two preceding year ends.
Choice of portfolio strategies:
Kotak Invest Maxima offers you two portfolio strategies to optimise your investments:
Self Managed Portfolio Strategy offers you the flexibility to invest in any of the FIVE Fund Options we provide you.
These fund options vary from aggressive to cautious and hence are suitable for all kinds of investors.
Systematic Switching Strategy (SSS)1 allows you to participate in the volatile equity markets in a systematic & and structured manner.
It enables you to invest in Money Market Fund and transfer a pre-defined amount every month into any one of the following funds:
Classic Opportunities Fund
Frontline Equity Fund
You have the option to choose Systematic Exit Strategy (SES)2, wherein during the last policy year, you will have the choice to switch out of the selected fund, i.e. you can move the amount accumulated in either Classic Opportunities Fund or Frontline Equity Fund to the Money Market Fund systematically over a 12-month period, in a similar manner as SSS1 & 2 Kindly refer to the product brochure for the details of these strategies.
Through these strategies, you will have ample flexibility in the way you invest your money.
One fine body...
In the event of the Life Insured committing suicide within one year of the date of issue of the policy, only the Fund Value in the Main Account and Top-Up Account as on the date of death are payable.
In the event of the Life Insured committing suicide within one year of the date of revival of the policy, when the revival is done within 6 months from the date of discontinuance, Suicide Exclusion shall not be applicable and the Death Benefit under the product shall be payable.
However, in case of suicide within 1 year of the date of revival, when the revival is done after 6 months from the date of discontinuance, only the fund value in the Main Account and Top-Up Accounts as on the date of death are payable.
In the event of the Life Insured committing suicide within one year of the date of payment of a Top-Up Premium, only the fund value in the Top-Up Account as on the date of death is payable in respect of that Top-Up premium.
For all other Top-Up premiums (outside the suicide exclusion period), the applicable Top-Up Sum Assured would be payable.
Any charges recovered subsequent to the date of death shall be payable.
| Entry Age | 0** to 65 years ** For age 0 to 7 years, underwriting screening will apply. |
|---|---|
| Maturity Age |
10 to 75 years # Ages above will be as at the last birthday |
| Policy Term | Regular Premium: 10, 15, 20, 25 & 30 yrs Limited Premium: 10, 15, 20, 25 & 30 yrs Single Premium: 10 yrs |
| Premium Amount | Regular - Rs. 50,000 - Rs. 1,00,000 Limited - Rs. 75,000 - Rs. 1,00,000 Single - Rs. 1,00,000 - Rs. 2,50,000 |
| Basic Sum Assured | Regular and Limited Premium: Min SA: Age < 45 yrs: Higher of (10 X AP) or (0.5 X Policy Term X AP) Age >= 45 yrs: Higher of (7 X AP) or (0.25 X Policy Term X AP) Max SA: 25 x AP Single Premium: Option I : 5 times SP Option II : 1.25 times SP AP: Annualised Premium SP: Single Premium |
| Premium Payment Mode | Annual & Single |
| Premium Payment term | Regular: Same as Policy Term chosen Limited: 5 years |
| Top-Up Premium |
Min: Rs. 20,000 Max: Total Top-Up premium paid shall not exceed the sum of all the regular premiums / Single Premium paid at that point of time |
| Top-Up Sum Assured |
Age at the time of Top-Up less than 45 yrs: 1.25 X Top-Up Premium Age at the time of Top-Up is 45 yrs and above: 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.
