Enjoy a guaranteed second income
Kotak Mahindra Group
A renowned brand with more than 28 years of experience, offering a wide range of solutions across the financial services spectrum
Kotak Mahindra Bank Ltd.
Our Expertise is in the Financial sector
Kotak Mahindra Old Mutual Life Insurance Ltd.
Kotak Securities Ltd.
Kotak Mahindra Capital Company
Kotak Mahindra Prime Ltd.
Kotak International Business
Kotak Mahindra Asset Management Company
Kotak Private Equity Group
Kotak Realty Fund
Net worth of Rs.17,868 cr*
Total Assets of Rs.114,631 cr*
More than 23,500
Employees^
*Source: Investor Relation – Earning update Q2 FY 2013-14. ^As on 30-Sep-13.
We are Proud to be..
About Kotak Life Insurance
Adding value to people’s lives through protection & long term savings
You can invest your trust with us
One of the best claims ratio inthe industry –
97.14%#
Covering over 75 lakhs lives & one of the fastest growing
insurance companies in India
Profitable for 5years in a row. One among the few
profitable private life insurance companies
Terminal Bonus of 15% declared on
Accumulation Account of Participating
Plans for 2013-14*.
*Declared on Account Value of Kotak Capital Multiplier, Kotak Endowment Plan &Kotak Child Advantage Plan for financial year 2013-14. #Public disclosure FY 2012-13. Source: An Independent study conducted by Business World IPSOS as part of ‘India’s Most Respected Companies Survey 2013
Traditional Products compliant with IRDA guidelines
Kotak Life Insurance brings to you
The Economic Times says– Dec 6, 2013
The new guidelines issued by IRDA for traditional products, is an attempt at making life insurance true to its core value, more transparent and customer
friendly. The guidelines follow overarching themes of providing:1. Transparency 2. Protection 3. Customer centricity 4. Long term focus
Traditional Products
OUR
Better Savings Higher Protection Additional Flexibility
• Enhanced returns as a result of lower charges
• Assured savings on account of Guaranteed pay outs
• Higher Protection results in higher bonus as bonus is now declared on Sum Assured
• Comprehensive protection for your family with minimum cover of 10 times* the annual premium
• Flexibility of choosing premium payment term
• Flexibility of choosing an entry age up to age zero
Kotak Life Insurance brings to you
*For age above 45 years the minimum cover is 7 times the annual premium.
Why Savings?
Regular & Long term savings can help you fulfill your future needs such as:
Child’s Education
Life Insurance is the only savings option that ensures your family’s dreams are fulfilled even if you are not around
Child’s Wedding
Annual Holiday
2nd Home
What if you had Guaranteed 2nd income?
Luxuries of life guaranteed every year…
A family holidayguaranteed every year…
Extra indulgence on yourself
guaranteed every year
With Kotak Life Insurance’s
Best Selling Plan
Now with
Limited Pay of 10 years
And Higher Protection
Minimum Death Benefit is now 106% of the Basic Sum Assured*
Basic Sum Assured is 10 x Annual Premium
With Limited Pay Kotak Assured Income Plan
*Guaranteed, if policy is in force
You pay for a
Limited Period of 10 years
Guaranteed* 2nd income every year for 15 years
Protection for 30 years
Plus
And Get
You enjoy Guaranteed* 2nd income for 15
years
Annual Income will start from the end of 15th year
Monies paid by youAssured Annual
Income*
`15,000 to ` 29,999 9.10%
` 30,000 to ` 74,999 9.60%
` 75,000 and above 10.10%
*Assured Annual Income is the percentage of Basic Sum Assured. It will be paid from the end of 15th policy year. It will be payable provided the policy is in force and all premiums are paid up to date
Get Additional lump sum at the end of the 30th
year…
You will get Guaranteed Maturity Benefit*ranging between 04% to 110% of Basic Sum Assured on maturity
*Guaranteed Maturity Benefit will depend on the age and will be calculated as: [110% - (0.1% x Age at Entry)] of Basic Sum Assured
While you are also being covered for 30 years
In the case of your unfortunate demise, your
family will receive
Sum Assured on Deathwhich is higher of • 106% of Basic Sum Assured or• Guaranteed Maturity Benefit*
…ensuring adequate
protection for your family
*Guaranteed Maturity Benefit will be calculated as: [110% - (0.1% x Age at Entry)] of Basic Sum Assured
You also have the option to boost your cover through
additional Riders
These benefits will be charged for by way of additional premiums and are only applicable during the rider term. For details on riders, please refer to the Rider Brochure
The riders offered under this plan are:
Kotak Accidental Death Benefit (ADB)
Kotak Permanent Disability Benefit (PDB)
Kotak Life Guardian Benefit (LGB)
Kotak Accidental Disability Guardian Benefit (ADGB)
And all benefits accrued under this plan are
You may avail of tax benefits under Sec 80 C and Sec 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.
You also get the tax advantage on monies paid by you
Cover of 7,98,750 for 30 years
Let’s look at the plan benefits for a
premium of Rs.75,000
30th year
You pay 75,000 for 10 years
Get Guaranteed* second income 75,750 for 15 years
10th year 15th year
Lump Sum on Maturity
7,98,750
*Guaranteed, if policy is in force. For a 35 year old healthy male. Premium is exclusive of service tax.
A premium of 75,000 per year for 10 years
Assured income of 75,750 for 15 years +
11,36,250 7,98,750
Maturity benefit
YOU PAY
YOU GET
Summary of Overall Benefits is:
Along with a life cover of 7,98,750 for 30 years
7,50,000
Tax benefits of 23,175 per year for 10 years
2,31,750- = 5,18,250
=19,35,000
Tax Free
For a 35 year old healthy male. Premium is exclusive of service tax. The above calculation is applicable for taxable income of Rs.12,00,000 and above up to Rs.1 crore on investment of Rs.1,00,000 in this plan. Tax saving is including Education Cess & Higher Education Cess. Tax benefits under 10(10D) of the Income Tax Act is subject to the condition mentioned in Income Tax Act, 1961. Payments made to Policy holder during the term of the policy contract will be tax free along with Maturity Benefits.
Net Payment
Guaranteed* 2nd incomefor 15 years
Lump sum benefitat maturity
Protection for 30 years in case of your unfortunate demise
Tax benefitsfor premiums paid and tax free returns
Limited Pay of 10 years
*Guaranteed if policy is in force
Summary of Plan Benefits
Guaranteed 2nd income
Our core purpose is to add value to customer’s life through
Protection and Long Term Savings(PALTS).
Long Term Savings will help customer achieve their financial goal.Protection will ensure that the financial goals are achieved even incase of unforeseen events
KOTAK ASSURED INCOME PLAN, our unique offering is in alignment with our core purpose. It is an endeavor to provide the best protection and savings option to our customers.
Invest with us
Established in 1985, the Kotak Mahindra Group is today one of India’s leading financial conglomerates
The Kotak Group business is structured across various strategic units viz. Banking, Life Insurance, Mutual Funds, Wealth Management, Securities, Institutional Equities and Investment Banking with its presence in New York, London. San Francisco, Dubai, Mauritius and Singapore
Kotak Mahindra Old Mutual Life Insurance is a joint venture between Kotak Mahindra Bank Ltd. (along with its affiliates) and Old Mutual, a U.K based financial group and an FTSE100 company
Kotak Life Insurance brings you the financial expertise along with the international exposure resulting in an integrated product offering of world-class solutions
Kotak Assured Income Plan UIN: 107N069V03, Form No: N069, ADB UIN: - 107B001V02, Form No: B001, PDB UIN: -107B002V02 Form No: B002, LGB UIN: -107B012V02, Form No: B012, ADGB UIN: - 107B011V02, Form No: B011, Ref. No.: KLI/13-14/E-PPT/288. Insurance is the subject matter of solicitation. This is a non-participating savings cum protection oriented anticipated endowment plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For details on riders, please refer to the Rider Brochure. Tax benefits are subject to change in tax laws. You are advised to consult your tax advisor to details.
Kotak Mahindra Old Mutual Life Insurance Ltd., Regn. No.: 107, Regd. Office: 4th Floor, Vinay BhavyaComplex, 159A, C.S.T. Rd., Kalina, Santacruz (East),
Mumbai – 400098 Website: http://insurance.kotak.com Email: [email protected] Toll Free No. – 1800 209 8800
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