Choose from 8 Fund Options in this Linked Insurance Plan.
many investment options offer just one avenue where you can invest your money in. It could be an aggressive fund purely based on equity market or a safe bond fund with lower returns. But a single avenue is never enough to get the most out of your investments. Hence, we offer you a choice of Eight different funds based on your investment preferences.
So 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. Find the fund(s) that matches you needs by using the risk-returns table right below or contact a Kotak Life Advisor to find out more. .
Protection for your loved ones
Kotak Ace Investment Plan comes with a comprehensive life insurance cover, which ensures that an unfortunate death of the life insured does not put your family in a financial distress.
Switch between funds when you need
We understand that even after you've picked the most suitable investment to start on, economic fluctuations can occur during the policy period.
There are times when equity markets are in upswing and can offer you very good returns for your money, as well as periods where you need to parks your money in lower-risk investment options such as bonds.
That's exactly the reason why we give you the option to switch between funds - to get the best out of your money.
An insurance policy that provides easy access to investment
Need cash for an unexpected life event?
Kotak Ace Investment Plan lets you:
Make partial withdrawals after the 5th policy year.
Receive the full Fund Value in a lump sum or periodic payouts after maturity. Thus, in the event of financial contingencies, your money is easily accessible and not locked away in a savings plan.
Flexible premium payment period
if a longer payment period doesn't suit your needs,
opt for a shorter one. Choose either a:
5-year premium payment period for a policy term of 10 years,
or
10-year premium payment period for policy terms of 15, 20, 25 and 30 years.
What's more, you also have the option to pay annually, half-yearly, quarterly or monthly - giving you additional flexibility.
Add more to your kitty through Top Up's:
you can invest your surplus funds as Top-Ups, thus adding to your savings potential. You also enjoy Top-Up Sum Assured that adds to your existing cover.
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 | 3** to 65 years ** For age 3 to 7 years, underwriting screening will apply. |
|---|---|
| Maturity Age | 18 to 75 years |
| Policy Term | Option of 10/15/20/25/30 years |
| Premium Amount | Minimum payment: Regular Premium: Annual: Rs 30,000 Half-Yearly: Rs 18,000 Quarterly: Rs 9,000 Monthly: Rs 3,000 Minimum payment: Limited Premium Amount: Annual: Rs 50,000 Half-Yearly: Rs 30,000 Quarterly: Rs 15,000 Monthly: Rs 5,000 Maximum payment: No Limit |
| Basic Sum Assured | Minimum Sum Assured Entry age below 45 years Higher of 10 x Annual Premium OR 0.5 x Policy Term x Annual Premium Entry age 45 years and above Higher of 7 x Annual Premium OR 0.25 x Policy Term x Annual Premium Maximum Sum Assured is 25 x Annual Premium |
| Premium Payment Mode | Annual / Half-yearly / Quarterly / Monthly |
| Premium Payment term | Regular Payment Term:
Payment applies throughout policy term Limited Payment Term: 5-year payment with policy term of 10 years 10-years payment with policy term of 15/20/25/30 years |
| Top-Up Premium |
Minimum : Rs 10,000 Maximum : The total Top-Up premium paid shall not exceed the sum of all the regular premiums paid at that point of time |
| Top-Up Sum Assured |
Top-up at ages below 45 years Top-Up Sum Assured: 1.25 x Top-Up Premium. Top-up at ages 45 years and above Top-Up Sum Assured: 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.
