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offering protection up to the age of 75 years


You always needed protection but what if you are provided with an alternative that offers an opportunity for savings and wealth accumulation as well?

Kotak Classic Endowment Plan can help in fulfilling these requirements.

Kotak Classic Endowment Plan is a Long Term Protection cum Savings plan that offers protection benefit while earning Bonuses during the policy term.

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Key Features

Participating endowment plan offering protection up to the age of 75 years
    Earn yearly bonus from 1st policy year
    Convenience to pay premiums as per affordability



    Flexibility to choose from wide range of term options as per suitability
    More value for money through discount for high Sum Assured on maturity



    Option to enhance protection through a wide range of Riders
    Tax benefits u/s Sec 80(C) and 10(10D) of the Income Tax Act

Additional Protection:

If you feel the insurance cover is not adequate or wish to customize the protection, you can do so by attaching below mentioned optional Riders to your base plan
  • Kotak Term/Preferred Term Benefit (KTB/KPTB): Provides additional protection over and above the Death Benefit under the base plan.
  • Kotak Accidental Death Benefit (ADB): Lump sum benefit paid on accidental death in addition to Death Benefit under the base plan.
    • Kotak Permanent Disability Benefit (PDB): Instalments' paid on admission of a claim on becoming disabled due to accident.
  • Kotak Critical Illness Benefit (CIB): Portion of Sum Assured on maturity (maximum 50% of Sum Assured on maturity) payable on admission of a claim on a critical illness, subject to terms and conditions, definitions and specific exclusions.
  • Kotak Life Guardian Benefit (LGB): Remaining premiums will be paid on behalf of the policyholder in case of his / her death.
  • Kotak Accidental Disability Guardian Benefit (ADGB): Remaining premiums paid on behalf of the policyholder in case of accidental disability.
    • 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.

Eligibility

Entry Age*


Regular pay: Min: 0 years; Max: 55 years
Limited pay: Min: 0 years; Max: 60 years
(except for PT/PPT combination of 15/7 years)
PT (Policy Term) / PPT ( Premium Payment term)
combination of 15/7 years: Min: 0 years; Max: 58 years
Maturity Age Min: 18 years Max: 75 years
Policy and Premium Payment Term (PPT) Regular Pay: Equal to Policy Term Limited Pay:
  • 7 years for policy term 15 years

  • Policy term less 5 years
Policy Term : 15 to 30 years
For minors, minimum term will be greater of: 15 years or
(18 years minus age at entry as on last birthday)
Premium Payment Mode Annual/half-yearly/quarterly/monthly
Premium Payment Option Limited Only
Minimum Sum Assured on Maturity
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
Minimum Premium Payable Regular Pay: र7,000
Limited Pay: र 7,000
(except for PT/PPT combination of 15/7 years)
PT/PPT combination of 15/7 years: र 12,000
Maximum Premium Payable No limit, subject to underwriting

Insurance is the subject matter of the solicitation.

Kotak Classic Endowment Plan
UIN: 107N082V01, Form No: N082,
KTB - 107B003V03,
KPTB -107B013V02,
ADB - 107B001V02,
PDB - 107B002V02,
CIB - 107B004V03,
LGB - 107B012V02,
ADGB - 107B011V02.
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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