Kotak Mahindra Insurance Final.docx

Corporate Overview

About Kotak Mahindra Old Mutual Life Insurance Ltd

Kotak Mahindra Old Mutual Life Insurance Ltd is a 74:26 joint venture between Kotak

Mahindra Bank Ltd., its affiliates and Old Mutual plc. The company started operations in 2001,

and strives to offer its customers outstanding value through high customer empathy, consistent

and benchmarked service and a suite of products that leverage the combined prowess of

protection and long term savings. The company covers over 4 million lives and is one of the

fastest growing insurance companies in India.

About Kotak Mahindra Group

Established in 1985, the Kotak Mahindra group is one of India's leading financial

services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's

flagship company, received a banking license from the Reserve Bank of India (RBI). With this,

KMFL became the first non-banking finance company in India to become a bank – Kotak

Mahindra Bank Limited.

The consolidated balance sheet of Kotak Mahindra group is over Rs. 1.17 lakh crore and

the consolidated net worth of the Group stands at Rs. 17,228 crore (approx US$ 2.9 billion) as on

June 30, 2013. The Group offers a wide range of financial services that encompass every sphere

of life. From commercial banking, to stock broking, mutual funds, life insurance and investment

banking, the Group caters to the diverse financial needs of individuals and the corporate sector.

The Group has a wide distribution network through branches and franchisees across India, and

international offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore. For

more information, please visit the company's website at http://www.kotak.com.

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Old Mutual

Old Mutual provides life assurance, asset management, banking and general insurance to more than 14 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2012, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £262 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website www.oldmutual.com.- See more at: http://insur ance.kotak.com/about-us/corporate-overview.php#sthash.0dTKiG9o.dpuf

Our Vision and Mission Statement

An uncommon bond. Strengthened by a common vision.

Apart from common beliefs, values and objectives we believe in the vision of a better

tomorrow. It is this deep veneer of faith that has brought us together and fortified our bond.

The global Indian financial services brand

Our customers will enjoy the benefits of dealing with a global Indian brand that best

understands their needs and delivers customised pragmatic solutions across multiple platforms.

We will be a world-class Indian financial services group. Our technology and best practices will

be benchmarked along international lines while our understanding of customers will be uniquely

Indian. We will be more than a repository of our customers' savings. We, the group, will be a

single window to every financial service in a customer's universe.

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http://insurance.kotak.com/about-us/corporate-overview.php#sthash.0dTKiG9o.dpuf

The most preferred employer in financial services

A culture of empowerment coupled with a spirit of enterprise, attracts bright minds with an

entrepreneurial streak to join us and stay with us. Working with a home-grown, professionally-

managed company, which has partnerships with international leaders, gives our people a

perspective that is universal as well as unique.

The most trusted financial services company

We will create an ethos of trust across all our constituents. Adhering to high standards of

compliance and corporate governance will be an integral part of building trust.

Value creation

Value creation rather than size alone will be our business driver.

- See more at: http://insurance.kotak.com/about-us/vision-mission.php#sthash.BZR13SrJ.dpuf

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An Introduction to Protection Plans

Securing your family’s well-being is one of the most important goals of life. Insurance

Protection plans help you secure your loved one’s future against life’s uncertainties. Your

untimely death can cause a major setback to your family - both emotionally as well as

financially, especially if you are the sole breadwinner. With a term life insurance policy, you can

ensure your family’s financial independence, in case anything untoward happens to you. Besides,

term plans are cost-effective too, as they focus on providing only life cover and no returns.

A term life insurance policy, thus, sets you free from the worries of what will happen to

your loved ones in your absence, letting your family and you enjoy life with peace of mind.

With protection plans you can give your family:

Financial security

Emotional wellbeing

Freedom from the burden of debt

Guarantee of a life with dignity and self-respect

Protection plans we offer:Kotak Saral Suraksha

Kotak Term/Preferred Term Plan

Kotak e-Term/e-Preferred Term

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Kotak Eternal Life Plans

Compare plans

[01] Kotak Saral Suraksha

Low cost insurance

Kotak Saral Suraksha provides significant cover at a very low premium. You choose the

sum assured in this plan to ensure adequate financial cover for your family. The benefit payable

to your family in case of an unfortunate death during the policy term will be:

Policy Year Benefit Payable

1st Policy Year All premiums paid

2nd Policy Year onwards Sum Assured1

Thus, your family will have the support of a financial cushion any time a mishap like death happens.

Choice of policy term

The Kotak Saral Suraksha plan provides you an option of two policy terms. Depending

on your need, you can opt for a policy term of 5 or 10 yeaRs The insurance cover, as explained

above, will be applicable for this term. Thus you will be able to mould the plan as per your

protection requirement.

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Convenient premium payment options

Premiums can be paid over a 5-year premium payment term or as a single premium.

These premium payment options are available for both the policy terms – 5 and 10 yeaRs If you

opt for premium payment over a 5-year period, you can pay your premiums annually or half-

yearly depending upon your income pattern and convenience. Based on your comfort level, you

can choose how you want to pay your premiums.

Eligibility:

Entry Age 18 – 55 years

Maturity Age Minimum: 23 years

Maximum: 65 years

Policy Term 5 or 10 years

Premium Payment

Mode

Single/Annual/Half-yearly

Premium Payment Term 5 years or single payment

Premium

Modal

Factor

Premium mode

Annual

Half-yearly

Premium Modal Factor

100%

51%

Premium Payment = Premium Mode x Premium Modal

Factor

Sum Assured Choice of:

Rs 5,000

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Rs 10,000

Rs 15,000

Rs 25,000

Rs 50,000

Rs 75,000 or

Rs 100,000

General Exclusion

In case the life insured commits suicide within one year of the date of issue of the plan or

date of revival, the beneficiary would not receive any of the benefits outlined in the plan.

[02] Kotak e-Term/e-Preferred Term

High cover at a low cost

When you buy a pure protection plan, the plan itself provides you a high cover at low prices as

compared to other kinds of insurance plans.

Low premium for women and non-tobacco users

If you are a non-tobacco user, you get lower rates than usual. The rates are even lesser for

women. Thus, you get rewarded for your healthy lifestyle habits in this online life insurance

plan.

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Quick and hassle-free buying

You can buy insurance online conveniently sitting at home through the internet. The paperwork

is minimal and the document collection happens at your home. As a result, you can efficiently

utilise your precious time than spending it on paperwork or visiting a branch.

Increase your life cover in a hassle free manner

You may get additional insurance cover at certain important stages of your life in a cost-effective

manner and without the hassle of any medical examination. Thus, increasing life cover would be

as easy as pie for you.

No medical examination

There would be no medical examination for purchase of a life cover upto 50 lacs and if the life to

be insured is upto 40 years of age. Hence, buying this plan would not involve time consuming

and tedious trips to the clinic and the buying process is a cakewalk.

Eligibility:

Entry age (as on last

birthday)

18 - 65 years

Maturity age Maximum: 70 years

Policy Term Minimum: 5 years Maximum: 30 years

Sum Assured Kotak e-Term:

Minimum: Rs.3,00,000 Maximum: Rs.24,99,999

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Kotak e-Preferred Term:

Minimum: Rs.25,00,000 Maximum: Subject to

underwriting

Annual Premium Minimum: Rs. 1,800 Maximum: Based on Sum Assured

[03] Kotak Term/Preferred Term

Low Cost insurance plan

Kotak Term Plan / Kotak Preferred Term Plan provides you the benefit of having a high cover at

economical prices. It also offers reduced premiums for women. Furthermore, in Kotak Preferred

Term Plan, for a sum assured of Rs 25 lakh and above, special premium rates are offered to non-

tobacco users. Hence, this plan provides you a good value proposition for your money.

Choice of premium payment mode

Whether you prefer a single payment mode or the regular option of premium payments over the

policy years, we have the right solutions for you. If you opt for the regular mode, you still have

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the choice of annual, half-yearly, quarterly or monthly premium payment. Thus, you are offered

high level of flexibility in paying premiums the way you choose.

Plan conversion option

For enhanced protection, there is an option of converting your Kotak Term Plan / Kotak

Preferred Term Plan policy to a policy of any other plan* offered by Kotak Life Insurance

(except for term plans). So long as there are at least 5 years remaining before the cover ceases,

you can avail this option. Thus, with your changing needs you can actually convert your plan

into a different one that better suits your needs.

*Subject to the product specific conditions

Additional protectionIn case you have selected the regular premium payment option, you can enhance your protection with the following rider plans if they do not exceed 30% the premium (except for Kotak Critical Illness Benefit) for your Kotak Term Plan / Kotak Preferred Term Plan policy.

Rider Plan Benefits Payable

Kotak Critical Illness

Benefit (CIB)

Portion of the basic sum assured paid in advance on admission

of a critical illness claim

Kotak Accidental Death

Benefit

Lump sum benefit paid upon accidental death

Kotak Permanent

Disability Benefit

Payout in installments upon admission of claim of disability

Additional premiums apply with these rider plans. Please refer to the rider brochure for more details or Contact a Kotak Life Advisor.

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Eligibility:

Entry Age 18 – 65 years

Maturity Age Maximum: 70 years


Premium Payment Mode Single premium payment

OR

Annual/Half-yearly/Quarterly/Monthly

General Exclusion

In case the life insured commits suicide within one year of the date of issue of the plan or date of

revival, the beneficiary would not receive any of the benefits outlined in the plan.

[04] Kotak Eternal Life Plans

Cash rewards on survival to the end of premium paying term

Bonuses accumulated in your account are paid at the end of the premium paying term. With that

money, you can probably fund an interim expenditure of your life. For example – sponsoring

higher education of your children.

Life insurance benefits which last a lifetime

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Whether it’s during the premium payment period or till 99 years of age, we help lessen the

financial burden your family could face in the unfortunate event of a demise by offering the sum

assured and applicable bonuses to the nominees. Thus, we ensure your family stays financially

secure at all times through this whole life insurance plan.

Cash lump sum at 99 years of age in the form of additional bonuses

On achieving the age of 99, the company pays you a guaranteed* sum assured plus all applicable

bonuses. We ensure that even at the age of 99, you have enough to leave behind a legacy for

your family.

Plan options that best suit your needs

Choose between two unique variants to take care of all your life’s needs:

Eternal Life Premier Shield

The Eternal Life Premier Shield plan gives you comprehensive whole life insurance coverage till

the age of 99 with premiums that match your income and lifestyle. This means that in the initial

years you pay lower premiums as the need for life cover is not very high at that time and with the

rise in your earnings and standard of living, your premiums keeps pace.

Eternal Life Classic Shield

Offering comprehensive whole life insurance coverage till the age of 99, the Eternal Life Classic

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Shield plan features premiums that don’t increase, unlike the Eternal Life Premier Shield plan. In

addition, it also has flexible premium payment terms to suit your specific requirements.

*Applicable where all premiums have been paid in full and as scheduled as at date of benefit

claim, and where the policy has not been made paid-up

Eligibility:

Premium Payment Term 15 years

Minimum amount

Annual: Rs. 10,000

Maximum amount

No limit

Maximum Age at which premium payment

ceases

75 years

Entry Age for Life to be Insured Min – 0 years, Max – 65 years

Regular Term of the Policy (99 – Entry Age) years

Maturity Age 99 years

Maximum Age at Which Premium

Payment Ceases

75 years

Premium Payment Term Min: 10 years / Greater of (10, 18 minus the entry

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age) (for minor)

Max: Lesser of (75 minus age at entry, 40)

Min. Premium Regular For 10 to - 14 years payment term:

Annual: Rs 10,000

Half-yearly: Rs 5100

Quarterly: Rs 2600

Monthly: Rs 850

For 15+ years Payment Term Annual: Rs 6000


Quarterly: Rs 1560

Monthly: Rs 510

[05] Kotak Assured Protection Plan

Comprehensive protection

Plan offers cover on:

Death (due to natural causes)

Accidental Death

Critical Illness

Accidental Disability (waiver of premium)

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Option to pay premiums for a limited term

With this plan, you have the option for paying premiums until the age of 60 yrs or for fixed term

of 15 years. You have the flexibility to choose any one of the option suiting your need.

Payout on maturity

In addition to protection cover, on maturity of the plan full Sum Assured is paid out

Eligibility:

Entry Age Min: 18 years, Max: 50 years

Maturity Age Fixed: 75 years

Policy Term Maturity Age minus Entry Age

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Basic Sum Assured Min: 3 lakhs

Max: 25 lakhs (subject to underwriting)

Premium Payment Term Option I: Upto the policy anniversary after attainment of age 60

Option II: 15 years

Premium Payment Mode Yearly, Half yearly, Quarterly, Monthly

Premium Min: Rs. 5,000 p.a.

Max: Based on maximum Sum Assured

Premium Modal Factor Yearly - 100% ,

Half yearly - 51% ,

Quarterly - 26% ,

Monthly - 8.8%

Child Plan

[01] Kotak Child Advantage Plan

Receive what you have invested and more

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With the Kotak Child Advantage Plan, you can be assured that your money continues to grow

with compounding bonuses, year after year.

Waiver of premium facility

Should you no longer be around to provide for your children, we will help ease their financial

burden by waiving all future premium payments. All you need to do is opt for added life

insurance protection via the Life Guardian Benefit or Accidental Disability Guardian Benefit

rider plans, giving your children the corpus needed for their education or marriage through the

maturity benefit.

Additional protection

Enhance your protection with these rider plans:


Kotak Life Guardian Benefit (LGB) Waiver of premiums upon death and all future premiums

will be paid by Kotak Life Insurance

Kotak Accidental Disability

Guardian Benefit (ADGB)

Waiver of premiums upon disability and all future

premiums will be paid by Kotak Life Insurance

Eligibility:

Entry Age of Child 0 to 17 years

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Premium Payment Mode

Annual / half-yearly / quarterly / monthly

Premium Payment Term RegularPayment applies throughout policy term

Minimum PaymentAnnual: Rs 4,000

Basic Sum Assured Maximum Sum AssuredRs 2,500,000

General Exclusions

In case the life insured commits suicide within one year of the plan, no benefits outlined in the

plan will be payable.

[02] Kotak Headstart Child Assure

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Receive a planned corpus at maturity

Your regular investments made with this plan will provide you with a planned corpus upon the

maturity of the plan, ensuring that the cost of education will never be a deterrent to fulfilling

your children’s dreams.

Secure the well-being of your family through triple protection

In the unfortunate event of a parent’s death, Kotak Life Insurance helps lessen the financial

burden the child might face by providing the benefit of triple protection as follows:

Your beneficiary is paid the life cover amount immediately to compensate for immediate loss of

income.

All future premiums of this insurance policy will be waived and fully paid for by Kotak Life

Insurance.

Your beneficiary will receive the fund value of the insurance policy.

Build the maturity amount as per your risk return preference

Our range of eight funds is suitable for all types of investors, aggressive or safe. Invest in the

fund option most suited for your risk-returns preference to build a corpus in a way you deem fit.

Whichever the fund you choose, you can be rest assured that it is managed by our team of highly

qualified fund managers..

Flexible premium payment period

To ensure that a long term payment obligation does not hamper you from planning your finances,

we offer you the following payment methods:

5-year premium payment period for a policy term of 10 years, or

10-year premium payment period for policy terms of 15 to 25 years.

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In addition, with the option to pay annually, half-yearly, quarterly or monthly, this could be an

apt child plan for your children and you.


Opt for additional riders to safeguard your family from eventualities like a critical illness, an

accidental death, disability and permanent disability. These riders will ensure that your children

are well-protected from financial consequences to give you peace of mind.

Additional premiums apply with these rider plans. Please contact a Kotak Life Advisor to find

out more.

Eligibility:

Entry Age of Child 18 to 60 years

Policy Term 10, 15 and 25 years

Premium Payment Mode Annual/half-yearly/quarterly/monthly

Premium Payment Term Regular

Payment applies throughout policy term.

Minimum: Rs 20,000 p.a.

Limited premium payment

Policy term of 5 years - Minimum: Rs 50,000 p.a.

Policy term of 10 years - Minimum: Rs 20,000 p.a.

Basic Sum Assured Maximum Sum Assured

25 x annual premium

General Exclusions

In case the life insured commits suicide within one year of date of issue of the policy, the

beneficiary will still receive the fund value.

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[03] Kotak Child Edu Plan

Financial support for child’s education at various milestones

Kotak Child Edu Plan provides financial support to the child to pursue his/her education without

any worries by paying a guaranteed* amount equal to 125% of the basic sum assured. Edu

Boosters will be paid at important milestones in the life of the child as described below:

The above benefits shall be payable even in case of the parent's untimely demise, to ensure

financial independence of the child.

Hence, there is no paucity of money at various stages of the child’s education requirements.

Edu Booster

Policy Anniversary After the Child’s

Birthday

% of Basic Sum Assured

15 years 15%

17 years 20%

19 years 30%

21 years 60%

Total Payout 125%

Bonus payouts at maturity

To ensure that your savings for your child earn returns, we pay out applicable bonuses to you at

maturity, in addition to the last Edu Booster.

Comprehensive protection of life cover

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In the event of the life insured’s unfortunate demise, this plan will support the child with the

following benefits:

200% of sum assured paid immediately

No obligation to pay future premium payments and policy continues as originally

scheduled.

The Edu Boosters will be paid as scheduled.

All applicable bonuses will also be paid at maturity.

The life cover is designed in such a way to ensure that even after demise, the child gets all the

benefits as intended. This will ensure that demise can never come in the way of your children’s

future.

Enhanced protection from an accidental disability

In the event of an accidental disability, your child’s education need not suffer. Hence, we provide

you the following benefits:

Future premium payment obligation ceases and policy continues as planned

The Edu Booster will be paid as scheduled

The applicable bonuses will be paid at maturity

Discount on higher cover choice

We understand the importance of adequate protection. Hence, individuals who opt for basic sum

assured of Rs 5,00,000 and above are provided a premium discount of Rs 2 per Rs 1000 basic

sum assured.

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Eligibility:

Life Insured

(Same as Policyholder)

Generally parent/grandparent of the child (or

other suitable relative)

Entry Age Minimum: Child - 0 years, Life Insured: 18

years

Maximum: Child - 10 years, Life Insured : 64

years

Maturity Age Minimum: Child - 21 years, Life Insured: 29

years

Maximum: Child - 21 years, Life Insured: 75

years

Policy Term 21 years less entry age of child

Minimum: 11 years

Maximum: 21 years

Premium Payment Term 17 years less entry age of child

Sum Assured Minimum: Rs 2,00,000, Maximum: No limit

Premium Based on sum assured

Premium Modal Factor Yearly - 100%

Half yearly - 51%

Quarterly - 26%

Monthly - 8.8%

General Exclusions

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In the event of the life insured committing suicide within one year of the date of issue of the

policy, no benefit will be paid. In case of suicide within one year of the date of revival of the

policy, Surrender Value as on date of claim event will be payable.

[04] Kotak Child Future Plan

Financial support through Future Boosters

Kotak Child Future Plan provides financial support to your child to pursue his/her career without

any worries. Future Boosters will be paid on the policy anniversary after the child attains certain

milestone ages, as described below:

Future Booster

Age of Child % of Basic Sum Assured

After Child’s 23rd Birthday 15%

After Child’s 25th Birthday 110%

Total Payout 125%

The above benefits shall be payable even in case of life insured's accidental disability or

untimely demise.

This will ensure that the child is well supported at the crucial junctures where he is starting off

his career.

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Bonus payouts

At the end of the policy term, the applicable bonuses accrued till the end of the policy term will

be payable in addition to the last Future Booster. Thus, in addition to providing life insurance, it

offers returns on the savings for your child.

A Comprehensive Life Cover

In the event of life insured’s unfortunate demise, this plan will support the child with the

following benefits:

200% of sum assured paid immediately


scheduled.

The Future Boosters will be paid as scheduled.

All applicable bonuses (if any) will also be paid at maturity.

The life cover is designed in such a way to ensure that even after demise, the child gets all the

benefits as intended. This will ensure that demise can never come in the way of your children’s

future.

Certainty of benefits even in case of an accidental disability

In case the life insured meets with an accidental disability, the following benefits is provided:


scheduled.

The Future Boosters will be paid as scheduled.

All applicable bonuses will also be paid at maturity.

Enhanced protection through optional riders

You can enhance the protection for your family by taking additional riders which provide

financial support in unfortunate events like accidental death and permanent disability. For

detailed information on riders please refer to Individual Rider brochure.

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Discount at higher levels of protection

A high sum assured discount of Rs 2 per 1000. The sum assured will be offered to policies with

sums assured larger than or equal to Rs 5,00,000. Thus, providing you with cost-effective rates

for enhanced protection.

This plan can be purchased by the Parent / Grand Parent of the child or individuals who want to

protect the child's future e.g. Child's uncle / aunt etc.

Eligibility:

Life Insured

(same as Policyholder)

Generally Parent/ Grandparent of the child (or

other suitable relative)

Entry Age Minimum : Child - 11 years Life Insured: 18

years

Maximum : Child - 15 years Life Insured : 64

years

Maturity Age Minimum : Child - 25 years Life Insured: 28

years

Maximum : Child - 25 years Life Insured: 75

years

Policy Term 25 years less entry age of child

Minimum : 10 years

Maximum: 14 years

Premium Payment Term 10 years (Fixed)

Sum Assured Min: Rs. 2,00,000, Max: No Limit

Premium Based on Sum Assured

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Premium Modal Factor Yearly - 100% , Half yearly - 51% , Quarterly -

26% , Monthly - 8.8%

General Exclusions



policy, Surrender Value as on date of claim event will be payable.

Retirement Plan

[01] Kotak Capital Multiplier Plan

Accumulate bonuses on your account

Bonuses are declared year-on-year in your account to ensure that the premiums paid by you earn

returns and you are able to accumulate a substantial sum at a future date.

Get a planned corpus on maturity

At maturity of the plan, you are entitled to the higher of the basic sum assured or the total

amount built up in the accumulation account along with the bonuses declared on the policy.

Thus, ensuring that you have accumulated enough to sustain yourself at phases like retirement.

15-year withdrawal period

If you do not see any immediate utilisation of your maturity proceeds, you could let it stay

invested with us for a maximum of 15 years after the maturity of the plan and it could function

like a fixed deposit offering returns and liquidity to withdraw all your funds. This way you can

withdraw money in phases to support various expenses that come your way.

Death benefit for the premium payment term and beyond

In the event of death during the premium payment term (build up phase), the beneficiary would

get the higher of basic sum assured or the total amount built up in the accumulation account. In

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addition, 10% of basic sum assured would also be given to the beneficiary. This would ensure

that an unfortunate event like death can never hinder your family’s financial well-being.

After the premium payment term, if you choose to use the 15-year withdrawal period facility,

you would be eligible for a life cover of 10% of the basic sum assured and the balance in the

accumulation account for that period, even though your plan term has been finished.

Choice to opt for early maturity (in case of ill health)

In this plan, you can even opt for an early maturity citing ill health. For details refer to the

brochure. This feature is to ensure that the long term nature of this plan does not come in the way

for your needing financial support in case of medical emergencies.

Automatic Cover Maintenance to keep the plan going

Future is uncertain and it is difficult to keep up with the obligation of premium payment year-on-

year. Even if you miss a premium payment or two, you can still keep your account with the

Automatic Cover Maintenance that applies after the 3rd policy year.

Additional Protection

You can also opt for additional riders in order to safeguard yourself from eventualities like a

critical illness, an accidental death, disability and permanent disability. These riders fortify your

overall protection and ensure that you have peace of mind.

Eligibility:

Entry age Min. 18 years, Max. 60 years

Term Min. 5 years, Max. 30 years

Maturity Age Min. 23 years, Max. 65 years

Regular Premium (including policy fees)

Min: Rs 10,000 annuallyRs 5115 half-yearly

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Rs 2620 quarterlyRs 860 monthly

Lump Sum Injections Min - Rs 10,000 per payment subject to applicable limitsMax - 25% of basic sum assured during policy year

General Exclusion

In case the life insured commits suicide during the first year of the plan, the beneficiary would

not receive any of the benefits (except the amount in the Supplementary Accumulation Account,

if any) outlined in the plan.

[02] Kotak Lifetime Income Plan

Ensures financial independence post retirement

Provides regular payouts to meet your post-retirement financial needs

Offers a wide range of income options suiting different retirement needs

Plan has four annuity options to suit various customer needs. You can choose the option that

suits you best.

Allows a range of annuity payout frequencies

Monthly, quarterly, half-yearly and yearly income payment modes are offered to suit your

financial needs

Eligibility:

Single Premium (retirement fund) Min: Rs. 50,000/-

Max: No Limit

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Entry Age (as on last birth date) Min: 45 years

Max:99 years

Spouse Entry Age* (as on last birth date) Min: 35 years

Max: 99 years

*For Last Survivor Lifetime Income Option only

Saving & Investment Plan

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS

BORNE BY THE POLICYHOLDER.

The value of your hard-earned money is best understood by you. The most important

requirement is ensuring that the money is put in right use for it to provide benefit to you and your

family in the long run. Prudent investment may not always turn out to be a good investment, as

no one can predict future. Intelligent investment of your hard-earned money can go a long way in

ensuring a bright future for you and your family.

Kotak Life Insurance brings to you Kotak Single Invest Plus, a hassle-free unit linked plan,

where you invest once and reap the benefits throughout the policy term and at the same time stay

protected. Coupled with easy liquidity and a wide array of funds we ensure that your investment

works for you and not vice versa.

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[01] Convenience of onetime payment - Single Premium

Being a single premium plan, there is no obligation of future payments, so just sit back and

relax!

Maximizes your investment value

With no premium allocation charge, most of your premium will get invested giving you the

opportunity for enjoying superior returns. Other charges will be duly applicable.

Joint Life cover - Provides cover on both the lives

Covers two lives under the same plan. Provides benefit on the unfortunate event of first death

and thereafter also continues cover on the surviving life for any further uncertainties.

Advantage of Loyalty Additions

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Plan provides Loyalty Additions at the end of 10th year for a policy of 10 year term and at the

end of 10th & 15th year for a Policy of 15 year term. The Loyalty Addition is calculated as

percentage of the average value of Funds in the Main Account in the three years preceding the

benefit payment.

Premium Payment Loyalty Addition

Rs 30,000 to Rs 49,999 Nil

Rs 50,000 to Rs 1,99,999 2.25%

Rs 2,00,000 & above 3.00%

Option to invest in a wide array of funds

The plan offers 6 fund options to choose from suiting your risk appetite and investment

objective.

Eligibility:

Entry Age Primary Life Secondary Life

Min: 18 yrs Max: 60 yrs Min: 3* yrs Max: 60 yrs

Maturity Age Primary Life Secondary Life

Min: 28 yrs Max: 75 yrs Min: 13 yrs Max: 75 yrs

Policy Term 10 or 15 years

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Premium Payment

Options

Single Premium

Single Premium Min - Rs. 30,000 / Max - No limit

Life Cover 1st Death :

1.25 times of the Single Premium paid

2nd Death:

10 times of the Single Premium

* For age 3 to 7 years, underwriting screening will apply.

[02] Kotak Assured Income Plan

Guaranteed second income for 20 years

Enjoy a constant stream of payouts from the 11th policy year onwards, for a total of 20 years.

Additional lump sum benefit

In addition to guaranteeing you a regular stream of income for 20 years, Kotak Assured Income

Plan provides you a lump sum cash payout equal to 110% to 104% of the life cover amount

(basic sum assured) on maturity depending upon life assureds’ age. Now, the long-awaited

family vacation or the new home you’ve always wanted to own might just become a reality.

33

Protection for your family even beyond the premium payment term

While you pay your premiums for 15 years, you will receive a life cover for 30 years, ensuring

your family stays protected for a longer time.



Rider Plan Benefits Ppayable

Kotak Accidental Death Benefit

(ADB)

Lump sum benefit payable in the event of accidental death

Kotak Permanent Disability Benefit

(PDB)

Payout in installments 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

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Guardian Benefit (ADGB)


premiums to be paid by Kotak Life Insurance

Additional premiums apply with these rider plans. Contact a Kotak Life Advisor for more.

*Guarantee is applicable provided all premiums have been paid and the policy is in force

Eligibility:

Entry Age 0 to 60 years

Maturity Age Minimum: 30 years

Maximum: 90 years

Policy Term 30 years

Premium Payment Term 15 years

Premium Payment Mode Annual / Half-yearly / Quarterly / Monthly

Premium Minimum amount

Annual : Rs. 10,000

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Maximum amount

Subject to underwritings

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

General Exclusions



policy, the basic sum assured will not be payable and only Guaranteed Surrender Value as on

date of claim event will be payable

[03] Kotak Platinum

Choice of funds that best suited your needs

You can choose to spread your investment across a range of 8 fund options ranging from

cautious to aggressive funds.

36

This way you get an exhaustive list of options to diversify your wealth and you don’t need to

look for any other investment avenue.

Need to switch to a plan with lower risk or one that brings higher returns? Don’t worry, as you’ll

have 12 free switches in a policy year for greater control over your investment.

Minimum charges, maximum earnings

With Kotak Platinum’s low charges, we ensure that 95% to 98.5% of your premium payment

goes straight to the investment you have picked, to maximise your returns.

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Keep earning with additional loyalty bonuses

On top of the earnings your investment brings, be rewarded with extra bonus at the end of 10th

policy year and every 5 years thereafter.Thus, the longer you stay with us, the more you get out

of your investment.

Flexible payment period

If a longer payment period doesn’t suit your needs, you can always opt for a shorter one. Choose

either a:


10-year premium payment period for policy terms of 15 to 30 years

What’s more, you also have the option to pay annually, half-yearly, quarterly or monthly –

giving you even greater flexibility in the way you invest.

Other advantages

Option for partial withdrawals and policy loan

Flexibility to receive maturity benefit via lump sum payment or in installments

Life insurance cover that safeguards your family’s well-being

Eligibility:

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Maturity Age 18 to 75 years

Policy Term 10 to 30 years

The minimum policy term for minors is 10 or 18 years minus age last birthday

of the life insured on the date of commencement, whichever is greater.

Premium

Payment Mode

Annual/half-yearly/quarterly/monthly

Premium

Payment Term

Regular

Payment applies throughout policy term.

Limited

5-year payment with policy term of 10 years 10-year payment with policy term

of 15 – 30 yeaRs

Premium Minimum

Annual: Rs 99,000

Half-yearly: Rs 49,500

Quarterly: Rs 24,750

Monthly: Rs 8,250

Max : No Limit

Basic Sum

Assured

Minimum sum assured

Entry age of below 45

Min : Higher of 10 x annualised premium

OR

0.5 x policy term x annualised premium

Entry age of 45 and above Higher of 7 x annualised premium

OR

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0.25 x policy term x annualised premium

Maximum sum assured is 25 x annualised premium.

Top-Up

Premium

Minimum payment

Rs 10,000

Maximum payment

10 x annualised premium (aggregate of all Top-Up premiums)

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.

General Exclusions


beneficiary will receive the Fund Value in the Main and the Top-Up Account.

[04] Kotak Single Invest Advantage

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One-time payment, a lifetime of benefits

Kotak Life Insurance enables you to make the most of your cash surplus in this one-time

investment plan. So now you can gain the benefits of a long-term savings plan, without being

tied down financially by regular premium payments. What’s more, you’ll have added life

insurance coverage while you sit back and earn.

Get rewarded for staying invested for a longer time

Unit-linked insurance plans (ULIP) plans work best when they are taken with a long-term view

in mind. And to top it all we reward you for staying invested with Kotak Life Insurance for a

longer tenure by providing loyalty additions in your Fund Value. Receive an additional bonus

right after your 10th policy year and once again at the end of the 15th policy year. This way you

will be benefited for the healthy investment behavior of staying invested for a longer duration.

You will be receiving the loyalty additions as follows:

Annual Premium

Payment

Loyalty Addition (% of Average Fund Value in Main Account in

the Preceding 3 Years)

Rs 50,000 to 199,999 2.25%

Rs 2,00,000 & above 3.00%

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A truly customised fund portfolio for your needs

Whether you manage your portfolio actively or leave things to our investment experts, we offer

you a choice of six funds ranging from safe-low return funds to high-returns options though with

potentially higher risks. Divide your money between these funds in whichever way you like or

switch your money from one fund to another, giving you extreme flexibility of investment.

Find the most suitable fund(s) available with this single premium policy by using the risk-returns

table right below or contact a Kotak Life Advisor to find out more.

One good way to protect the well-being of your loved ones

This single premium policy comes with a comprehensive life cover. This ensures that in the case

42


of an unfortunate demise of the life insured, the family is well provided for and will not need to

suffer financially.

Eligibility:

Entry Age* 3 to 65 years


Policy Term Option of 10 or 15 years

Premium Payment Mode Single premium payment

Premium Payment Amount Single premiumMinimum paymentRs 30,000

Maximum paymentNo limit

Top-up premium Minimum paymentRs 10,000

Maximum payment5 x Single premium (aggregate of all top-ups)

Basic Sum Assured Option 1Basic sum assured = 5 x Single premium

Option 2Basic sum assured = 1.25 x Single premium

Top-Up Sum Assured Top-up at ages below 45 yearsTop-Up Sum Assured: 1.25 x Top-Up premium.

Top-up at ages 45 years and aboveTop-Up Sum Assured: of 1.10 x Top-Up premium.

General Exclusions



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In case the life insured commits suicide within one year of date of payment of Top-Up

Premium, the Top-Up Sum Assured is not payable and only the Fund Value in the Top-Up

Accounts is payable.

[05] Kotak Ace Investment Plan

Choose from 8 fund options in this unit-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.

44

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 park 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

45

Need cash for an unexpected life event? Kotak Ace Investment Plan lets you:

Make partial withdrawals after the 5th policy year

Loan up to 40% of the Fund Value in your Main and Top-Up Account after 2 years of

premium payment

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.

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.

Flexible premium payment period

If a longer payment period doesn’t suit your needs, opt for a shorter one. Choose either a:


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.

Other advantages

Invest surplus funds as top-up premiums

Enhance protection with optional rider plans

46

Additional protectionEnhance your protection with these rider plans:


Kotak Term Benefit(KTB) / Kotak

Preferred Term Benefit (KPTB)

Lump sum benefit payable in the event of death

Kotak Critical Illness Benefit (CIB) Lump sum benefit payable upon admission of a critical

illness claim

Kotak Accidental Death Benefit Lump sum benefit paid upon accidental death

Kotak Permanent Disability Benefit Payout in installments upon a disability claim

Kotak Life Guardian Benefit Waiver of premiums upon death and all future


Kotak Accidental Disability Guardian

Benefit



Eligibility:

Entry Age* 0 to 65 years


Policy Term Option of 10/15/20/25/30 years

Premium Payment Annual/half-yearly/quarterly/monthly

47

Mode

Premium Payment Term

RegularPayment applies throughout policy term

Limited5-year payment with policy term of 10 years 10-years payment with policy term of 15/20/25/30 years

Minimum payment

Premium Amount Regular Premium:Annual: Rs 30,000 Half-yearly: Rs 18,000Quarterly: Rs 9,000Monthly: Rs 3,000

Limited Premium Amount:Annual: Rs 50,000 Half-yearly: Rs 30,000Quarterly: Rs 15,000Monthly: Rs 5,000

Max: No Limit

Basic Sum Assured Minimum sum assured Entry age of below 45

Higher of 10 x annual premium OR 0.5 x policy term x annual premium

Entry age of 45 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.

Top-Up Premium Minimum paymentRs 10,000

Maximum payment 10 x annual premium (aggregate of all Top-Up

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premiums)

Top-Up Sum Assured

Top-up at ages below 45 yearsTop-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.

General Exclusions



In case the life insured commits suicide within one year of date of payment of Top-Up

Premium, the Top-Up Sum assured is not payable and only the Fund Value in the Top-Up

Accounts is payable.

[06] Kotak Wealth Insurance

Accumulate wealth through a disciplined investment approach

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At maturity, you will receive a corpus of money accumulated through returns earned via

investing in the funds of your choice. All the funds offered under this unit-linked insurance plan

are managed by our well qualified and experienced experts. You might use this corpus to take

care of a large expense like buying a car or a marriage.

Secure the well-being of your family through triple protection

In the unfortunate event of death (where the policyholder and the life assured are the same),

Kotak Life Insurance helps lessen the financial burden your family might face by providing the

benefit of triple protection as follows:

Your beneficiary is paid 100% of the basic sum assured immediately to compensate for

immediate loss of income.

Fund Value in Main Account Plus

Lump Sum Benefit

In this way your family gets an immediate financial relief and they don't feel financially

insecure.

Customised fund portfolio for your risk-returns profile

Under this investment plan, you can invest your money in a variety of fund options suited for all

types of investors, ranging from cautious to aggressive. What’s more, you can divide your

money between different funds or even switch from one fund to another for added investment

flexibility.

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.

50

Easy access to investment

Need cash for an unexpected life event? Kotak Wealth Insurance allows you to:

Make partial withdrawals after the 5th policy year.

Loan up to 40% of the Fund Value in your main and Top-Up account after 2 years of

premium payment.

Option of shorter term payment

If a longer payment period doesn’t suit your needs, you can always opt for a shorter one. Enjoy

all the benefits of a 10-year plan and have the convenience of a 5-year premium payment period.

51

Other advantages

Switch between funds for better flexibility.

Invest surplus capital in this investment plan as Top-Up Premiums.


You may also enhance protection for your family with these rider plans:


Kotak Critical Illness Benefit

(CIB)

Lump sum benefit payable upon a critical illness declaration



Guardian Benefit

Waiver of premiums upon disability and all future premiums

to be paid by Kotak Life Insurance

Additional premiums apply with these rider plans contact a Kotak Life Advisor to find out more.

Eligibility:

Entry Age Life Assured: 0 to 65 yearsPolicyholder: 18 to 65 years

Maximum Maturity Age

75 years

Policy Term Option of 10/15/20/25/30 years

Premium Payment Annual

52


Mode


RegularPayment applies throughout policy term

Limited5 years payment with policy term of 10 years

Premium Amount Regular Premium: Rs .20,000/-Limited Premium: Rs. 50,000/-

Basic Sum Assured Minimum sum assured

Entry age of below 45 Higher of10 x annual premiumOR0.5 x policy term x annual premium

Entry age of 45 and above

Higher of7 x annual premiumOR0.25 x policy term x annual premium

Maximum sum assured is 25 x annual premium.

Top-Up Premium Minimum paymentRs 10,000

Maximum payment10 x annual premium (aggregate of all Top-Up premiums)

Top-Up Sum Assured Top-Up at ages below 45 yearsAssured Top-Up sum of 1.25 x Top-Up premium.Top-Up at ages 45 years and aboveAssured Top-Up sum of 1.10 x Top-Up premium.

53

General Exclusion


beneficiary would receive the Fund Value in the Main and the Top-Up Accounts. In case the life

insured commits suicide within one year of date of payment of Top-Up Premium, the Top-Up

Sum Assured is not payable and only the Fund Value in the Top-Up Accounts is payable.

[07] Kotak Endowment Plan

Save and earn more

Not only can Kotak Endowment Plan help you in the objective of long-term savings, you’ll also

get to accumulate bonus earnings on the premiums paid by you. This ensures while you work

hard to earn a living, your money works equally hard in earning returns.

Dual benefits of life insurance and investment

You can have the best of both worlds with this savings plan. It provides you life insurance

coverage to secure your family from an unfortunate demise of the life insured. At the same time,

it ensures that you get your premiums back along with returns upon plan maturity.

Flexible payment period

Since future cash flows can be uncertain, you can always opt to complete your premium

payments over smaller durations such as 3, 5, 7, 10 or 15 years – yet enjoy the full plan benefits

for the entire policy term. Hence, this savings plan can be really flexible depending on your

needs.


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Kotak Critical Illness Benefit (CIB) Lump sum benefit payable upon admission of a critical

illness claim


Kotak Permanent Disability Benefit Payout in installments upon a disability claim

Kotak Life Guardian Benefit Waiver of premiums upon death and all future


Kotak Term Benefit(KTB) / Kotak

Preferred Term Benefit (KPTB)

Lump sum benefit payable in the event of death


Guardian Benefit

Waiver of the insurance plan premiums upon disability

and all future premiums to be paid by Kotak Life

Insurance

Additional premiums apply with these rider plans. Please contact a Kotak Life Advisor to find

out more.

55


Eligibility:


Maturity Age Maximum 75 years

Policy Term 10 to 30 years

Premium Payment Mode Annual /half-yearly/quarterly/monthly

Premium Payment Term Regular

Payment applies throughout policy term

Minimum payment

Yearly: Rs 4000


Quarterly: Rs 1060

Monthly: Rs 350

General Exclusion

56

In case the life insured commits suicide during the first year of the plan, the beneficiary will not

receive any of the benefits outlined in this plan.

[08] Kotak Money Back Plan

Receive payouts once every 5 years

This life insurance plan gives you a lump sum payout once every 5 years and enables you to take

care of your planned as well as unexpected financial situations.

Earn bonuses with this money back plan

Bonus may be declared by the company at the end of each financial year and is added to your

account, hence ensuring that the premiums deposited by you earn satisfactory returns.

Guaranteed* addition upon maturity

Regardless of your policy term, earn guaranteed additions at the end of 15th, 20th and 25th year

provided policy is in force.

Plan Period Guaranteed Addition

15 years 20% of sum assured at the end of 15 years

57



Life insurance benefits that keep increasing

With the rising standard of living and inflation rates, it is important that your life cover also

increases accordingly to provide your family with adequate financial protection should anything

untoward happen to you.

*provided policy is in force

Eligibility:


Maturity Age Maximum

75 years

Policy Term Option of 15/20/25 years

Premium Payment Mode Annual/half-yearly/quarterly/monthly

Premium Payment Term Minimum payment excluding policy fee

Annual: Rs 4,000

Half-yearly: Rs 2,055

Quarterly: Rs 1,060

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Monthly: Rs 340

General Exclusion

In case the life insured commits suicide within one year of the commencement of the plan, no

benefits outlined in the plan would be payable.

[09] Kotak Premium Return Plan

Return of premiums upon maturity

Upon plan maturity, you'll be guaranteed (Provided policy is in force) the full return of your

investment - that is, the premium payments made throughout the policy term. This amount could

be even higher depending on the policy term you've chosen.

Twin benefits of risk cover and savings

Protect your family from the threat of loss of income due to an untimely death as well as fulfill

your financial goals through a disciplined savings approach in this plan. These twin benefits

offer you a comprehensive all-round protection.

Hassle-free sign-up and plan management

59

All it takes is a simple application procedure, with no medical tests plus the convenience of

automatic premium debit. The Kotak Premium Return Plan is certainly a life insurance plan that

requires little management.

Eligibility:



Policy Term Fixed terms of 10, 15 and 20 for benefit levels of 100%, 111% and

125% respectively

Premium Payment

Mode

Annual/half-yearly/quarterly/monthly

Annual Premium

Payment

Minimum payment

10/15-year term: Rs 5882

20-year term: Rs 8824

60

General Exclusion

In case the life insured commits suicide one year within the issue of the plan, no benefits outlined

in the plan would be payable.

[10] Kotak Surakshit Jeevan

Enjoy bonus payouts from time to time

Bonuses are added to your savings amount accumulated through the premiums paid in this

savings plan. These bonuses help you earn returns on the value of your savings and accumulate a

substantial corpus.

Boosted Cover

With increased responsibility comes a greater need for enhanced protection for your family. With

this life insurance plan, you'll have boosted your life insurance protection from the 5th policy

year onwards without additional premium payment – ensuring your family is properly covered

should anything untoward happen.

61

Saving with regular investment

Kotak Surakshit Jeevan helps you set aside a corpus via a disciplined savings plan – so you can

achieve your financial goals with ease. Whether you're saving up for your child university

education or a dream property, Kotak Life Insurance plans can help you get what you want more

easily.

Flexible premium payment options

This life insurance policy gives you the freedom to choose the premium payment period that best

suits your needs whether it's an annual, half-yearly, quarterly or monthly option.

Flexibility to meet diverse requirements

Surakshit Jeevan gives you the flexibility to utilise your accumulated kitty on maturity in any of

the following three different ways:

To meet contingency fund requirements, by receiving the entire proceeds as a single

lump sum

To help fulfil your kids' dreams, : To meet the continuous fund requirements of your

child's education and career, you can opt for half-yearly installments over a five-year

period. The guaranteed amount of each half-yearly installment would be Rs.108 per

thousand maturity benefit

To support a comfortable retirement, by withdrawing the cash component of 1/3 of the

maturity proceeds, then using the balance to purchase an annuity from Kotak Life Insurance

or any other insurer.

62


Want extra protection? Enhance your protection with these rider plans:

Riders Benefits payable

Kotak Permanent

Disability Benefit

Payout in installments upon a disability claim

Kotak Life Guardian

Benefit

Waiver of premiums upon death and all future premiums to be

paid by Kotak Life Insurance

Eligibility:

Entry age 0 – 60 years

Maturity age 18 – 70 years

Policy term 10 – 25 years

For minors, the minimum policy term will be greater of 10 years or (18

years minus age at entry as on the last birthday.

63

Premium

payment mode

Annual/Half-yearly/Quarterly/Monthly

Annual premium

payment

Minimum payment

Annual: Rs. 3,500

Maximum payment

Annual: Rs. 35,000

General Exclusion

In the event of the Life Insured committing suicide within one year of the date of issue of

the life insurance policy, no benefits are payable.

In case of suicide within one year of the date of revival of the policy, the Surrender Value as

on date of claim event will be payable.

[11] Kotak Invest Maxima

Zero premium allocation charge

Kotak Invest Maxima has no premium allocation charge, thus ensuring that most of your money

is invested in the funds chosen by you and returns are enjoyed over a larger portion of your

premiums.

Choice of portfolio strategies

64

Kotak Invest Maxima offers you two portfolio strategies to optimise your investments:

1. Self Managed Portfolio Strategy offers you the flexibility to invest in any of the five fund

options we provide you. These fund options vary from aggressive to cautious and hence are

suitable for all kinds of investors.

2. Systematic Switching Strategy (SSS)1 allows you to participate in the volatile equity markets

in a systematic & and structured manner. It enables you to invest in Money Market Fund and

transfer a pre-defined amount every month into any one of the following funds:

Classic Opportunities Fund

Frontline Equity Fund

You have the option to choose Systematic Exit Strategy (SES)2, wherein during the last policy

year, you will have the choice to switch out of the selected fund, i.e. you can move the amount

accumulated in either Classic Opportunities Fund or Frontline Equity Fund to the Money

Market Fund systematically over a 12-month period, in a similar manner as SSS1 & 2 Kindly

refer to the product brochure for the details of these strategies.

Through these strategies, you will have ample flexibility in the way you invest your money.

Get rewarded for staying invested longer

To reward long-term savings the plan will add survival units every 5 years starting from the end

of 10th policy year (subject to policy being in force i.e. not in the discontinued state).

Annualized / Single Premium Rs. 50,000 to Rs.

74,999

Rs. 75,000 & Above

Survival Units^ (as % of Fund Value) 1% 2%

^ Average of the Fund Value on the relevant date and the two preceding year ends.

65

Choice of convenient policy term and premium payment term

You have the flexibility to opt for policy terms and premium payment terms as per your

convenience. For Single Premium Payment option the policy term is fixed 10 years whereas for

Regular and Limited Premium Payment terms you can choose from the fixed policy terms of 10,

15, 20, 25 and 30 years.

Liquidity through loans and partial withdrawals

You can access your investment after completion of the 5th policy year by way of partial

withdrawals. Further, you can avail of a policy loan up to 40% of the Fund Value in Main

Account and Top-Up Accounts to meet any contingency, after two years’ premiums have been

paid for regular and limited premium payment terms. For Single premium payment option, loans

shall be granted against the policy anytime after the first policy year.

Enhanced protection through riders

To ensure that your family has adequate financial cushion against the uncertainties of life like

accident and permanent disability, you can opt for additional riders with this plan. These riders

come with additional premium and you can read the details in the rider brochure.

Eligibility:

Entry Age# Min: 0 years*, Max : 65 years

Maturity Age# Min: 10 years , Max : 75 years

Policy Term Regular Premium: 10, 15, 20, 25 & 30 yrsLimited Premium: 10, 15, 20, 25 & 30 yrsSingle Premium: 10 yrs

66


Regular: Same as Policy Term chosenLimited: 5 years

Premium Payment Mode

Annual & Single

Premium Regular - Rs. 50,000 - Rs. 1,00,000Limited - Rs. 75,000 - Rs. 1,00,000Single - Rs. 1,00,000 - Rs. 2,50,000

Basic Sum Assured

Regular and Limited Premium:Min SA: Age < 45 yrs: Higher of (10 X AP) or (0.5 X Policy Term X AP) Age >= 45 yrs: Higher of (7 X AP) or (0.25 X Policy Term X AP)Max SA: 25 x AP

Single Premium:Option I : 5 times SPOption II : 1.25 times SP

AP: Annualised PremiumSP: Single Premium

Top-Up Premium

Min: Rs. 20,000Max: For Regular & Limited Premium: 10 x APFor Single Premium: 5 x SP(aggregate for all Top-up Premiums during the policy term)

Top-Up Sum Assured

Age at the time of Top-Up less than 45 yrs: 1.25 X Top-Up PremiumAge at the time of Top-Up is 45 yrs and above: 1.10 X Top-Up Premium

# Ages above will be as at the last birthday* For age 0 to 7 years, underwriting screening will apply.

General Exclusion

In the event of the Life Insured committing suicide within one year of the date of issue of the

policy, the Basic Sum Assured and Top-Up Sum Assured are not payable and only the Fund

Value in the Main Account and Top-Up Accounts are payable.

[12] Kotak Gramin Bima Yojana

Brochure

67

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Kotak Mahindra Insurance Final.docx

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