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THIS PLAN, ON GAURENTEED RETURNS, IS AVAILBALE ONLY WITH THIS (TIED) CHANNEL / VERTICLE!                            NOT WITH ANY OTHER CHANNELS / VERTICLES OF KOTAK LIFE INSURANCE!                                                                                                                                                                                              THIS PLAN, ON GAURENTEED RETURNS, IS AVAILBALE ONLY WITH THIS (TIED) CHANNEL / VERTICLE!                           NOT WITH ANY OTHER CHANNELS / VERTICLES OF KOTAK LIFE INSURANCE!

Guaranteed Maturity Benefit

Life Insurance can serve as the foundation of a well-thought-out financial strategy. And if you're someone who wants to take an active role in reaching your financial objectives, you may be looking for a life insurance policy that provides more than just simple protection - one that gives you the potential to accumulate wealth that can help you achieve a variety of future financial goals.

Kotak Assured Savings Plan may be just the Plan for you. This Plan not only provides affordable protection but also helps accumulate wealth for achieving future financial goals by giving guaranteed benefits.

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Key Features

Payable at Maturity
1. Basic Sum Assured, PLUS
2. Accrued Guaranteed Yearly Additions, PLUS
3. Guaranteed Loyalty Addition

Increasing Life Cover
Guaranteed Yearly Additions added every time premium is paid, payable at maturity or earlier death.

Longer the premium commitment, higher the benefits
Guaranteed Yearly Additions and Guaranteed Loyalty Addition increases with increase in premium payment term (PPT).

More Value for Money through high premium benefit resulting into higher Basic Sum Assured.

Option to Enhance Protection through a wide range of 3 optional Riders available with this plan.

Death Benefit
In case of unfortunate death of the Life insured,during the term of the plan, the nominee will receive, the following: Basic Death Benefit PLUS Guaranteed Yearly additions accrued on the date of the Death.
For entry age less than 50 yrs
Higher of: 11 times of annual premium OR
*Guaranteed Min Death Benefit OR 105% of Total Premiums Paid
For entry 50 yrs & above
Higher of: 7 times of annual premium OR
*Guaranteed Min Death Benefit OR 105% of Total Premiums Paid,
__________________________________________________
* Guaranteed Minimum Death Benefit as % of Basic SA as below:
PPT 10 yrs: 120% of Basic SA. PPT 7 yrs: 114% of Basic SA.
PPT 6 yrs: 112% Basic SA. PPT 5 yrs :110% of the Basic SA

Minimum Basic Sum Assured:




Please refer to the rider brochure for more details or your Kotak Life Advisor.
Read Brochure


Tax benefits & Disclaimer

Tax Benefits

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.

Terms & Conditions

Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force.
Insurance is the subject matter of solicitation.
This is a Savings-cum-Protection oriented non-participating endowment assurance plan.
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

Additional protection

If you feel the insurance cover is not adequate, you can increase it by attaching below mentioned Optional Riders to your base plan:
Enhance your protection with these rider plans: Additional premiums apply with these rider plans.
For more details on Riders and exclusions please refer to the Individual Rider Brochure before concluding the purchase.
Rider Plan Benefits Payable
Kotak Term Benefit (KTB): In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.
Kotak Life Guardian Benefit (LGB): In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.
Kotak Accidental Disability Guardian Benefit (ADGB): In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.

Eligibility

Entry Age* 3 years to 65 years
Maturity Age Minimum 18 years and Maximum 75 years
Policy and Premium Payment Term (PPT) PPT (Premium Paying Term)             Policy Terms
                         5 Pay                    10 / 15 yrs
                         6 Pay                    12 / 18 yrs
                        7 Pay                    14 / 20 yrs
                        10 Pay                    15 / 20 yrs
Premium Payment Mode Annual/half-yearly/quarterly/monthly
Premium Payment Option Limited Only
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.

Kotak Assured Savings Plan UIN: 107N081V01, Form No: N081
KTB - 107B003V03,
LGB - 107B012V02,
ADGB - 107B011V02
Ref. No.: KLI/13-14/E-WEB/159

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDA clarifies to public that
IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Kotak Mahindra Old Mutual Life Insurance Ltd.
Regn. No: 107,
Regd. Office: 4th Floor, Vinay Bhavya Complex,
159 A, CST Road, Kalina, Santacruz East, Mumbai: 400 098
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website:http://insurance.kotak.com
Email: clientservicedesk@kotak.com For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

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.

/// Know about KOTAK LIFE INSURANCE.

  • 1.Kotak Mahindra group, offering wide range of Fin services.

    ..

    Kotak Mahindra group, offering wide range of Fin services.

  • 2: our journey, since inception.

    2: our journey, since inception.

  • 3:Kotak Life insurance plans as per IRDA guidelines.

    ..

    3:Kotak Life insurance plans as per IRDA guidelines.

  • 4:Kotak Life products - Revised, Improved, Customer Friendly.

    4:Kotak Life products - Revised, Improved, Customer Friendly.

  • 5: Core purpose - PALTS

    5: Core purpose - PALTS

  • 6:Invest with us.

    6:Invest with us.

  • 7:India's most respected private Life Insurance co.

    7:India's most respected private Life Insurance co.

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