Guaranteed* second income for 20 years
Enjoy a constant stream of payouts from the 11th policy year onwards, for a total of 20 years. (*Guarantee is applicable provided all premiums have been paid and the policy is in force)
Receive additional lump sum on maturity
At the end of the policy term, this plan will provide you with a lump sum benefit as a % of Basic Sum Assured depending on the entry age.
Provides protection for 30 years.
This plan provides you protection for a fixed term of 30 years
On Death: Sum Assured on Death - which is higher of:
106% of Basic Sum Assured OR Guaranteed Maturity Benefit.
(Assured annual income payouts will cease on death)
One fine body...
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In the event of the life insured committing suicide within one year of the date of issue of the policy, 80% of the premiums paid will be payable to the nominee. In case of suicide within one year of the date of revival of the policy when the revival is done within 6 months from the date of first unpaid premium, 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 first unpaid premium, the Death Benefit payable shall be, higher of 80% of the premiums paid or Surrender Value at the date of claim event..
| Rider Plan | Benefits Payable |
| Kotak Accidental Death Benefit (ADB) | Lump sum benefit payable in the event of accidental death |
| Kotak Permanent Disability Benefit (PDB) | Payout in instalments upon a disability claim |
| Kotak Life Guardian Benefit (LGB) | Waiver of premiums upon death and all future premiums to be paid by Kotak Life Insurance |
| Kotak Accidental Disability Guardian Benefit (ADGB) | Waiver of premiums upon disability and all future premiums to be paid by Kotak Life Insurance |
| Entry Age* | 0 to 60 years |
|---|---|
| Maturity Age | Maximum: 90 years |
| Policy Term | 30 years |
| Premium Payment Mode | Annual/half-yearly/quarterly/monthly |
| Premium Payment Term | 10 years |
| Basic Sum assured | 10 times of Annual Premium |
| Premium Payment | Premium mode Premium modal factor Annual 100% Half-yearly 51% Quarterly 26% Monthly 8.8% Premium payment = Premium mode x Premium modal factor |
Insurance is the subject matter of the solicitation.
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.
Kotak Assured Income Plan UIN: 107N069V03, Form No: N069, Ref. No.: KLI/13-14/E-WEB/272
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDA clarifies to public that
