Kotak Invest Maxima

Individual, Unit Linked Non-Par Life Insurance Plan

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year

As an informed investor you value every rupee of your financial investments and would like to invest at an economical cost. You also might appreciate a systematic entry into the volatile equity market. Keeping all this in mind, we bring you Kotak Invest Maxima, an investment oriented unit-linked life insurance plan with maximum premium allocation and a Systematic Switching Strategy that allows you to enter the equity market in a systematic manner.

Key Features

Zero premium allocation charge

Zero deduction towards premium allocation charge, ensure 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

Kotak Invest Maxima offers you two portfolio strategies to choose from: 1. Self-Managed Portfolio Strategy 2. Systematic Switching Strategy
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 Survival Units^ (as % of Fund Value) - 1% Annualized / Single Premium- Rs. 75,000 & Above Survival Units^ (as % of Fund Value)- 2% ^ Average of the Fund Value on the relevant date and the two preceding year ends.
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 partial withdrawals

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

Eligibility

Age criteria

Entry age#:

Regular Pay : Min: 0 Years* | Max: 65 years

Limited Pay :For Policy Term of 10 /15 years : Min: 0 years* | Max: 64 years

Eligibility
- For Policy Term of 10 /15 years : Min: 0 years* | Max: 64 years.
- For Policy Term of 20 /25 /30 years : Min: 0 years* | Max: 55 years.
Single Pay :

Option 1:

For Policy Term 10 years : Min: 0 years* ; Max: 45 years For Policy Term 15 years : Min: 0 years* ; Max: 42 years

Option 2:

For Policy Term 10 years : Min: 0 years* ; Max: 65 years For Policy Term 15 years : Min: 0 years* ; Max: 60 years

Maturity age#: Minimum: 10 years | Maximum: 75 years
Policy

Policy Term (fixed):

Regular Premium: 10, 15, 20, 25 & 30 years

Limited Premium: 10, 15, 20, 25 & 30 years

Single Premium: 10 & 15 years

Basic Sum Assured

Regular and Limited Premium:

Regular Pay		Limited Pay
Upto 60 years	61 – 65 years	Upto 53 years	54 - 64 years
10 X AP	7 X AP	10 X AP	7 X AP

Max SA:

Regular Pay		Limited Pay(10/5 & 15/5)		Limited Pay (20/5, 25/5 & 30/5)
Age	Multiple of AP	Age	Multiple of AP	Age	Multiple of AP
0-45	25	0-34	25	0-34	25
46-54	15	35-45	15	35-45	12
55-60	10	46-54	10	46-53	10
61-65	7	55-64	7	54-55	7

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

AP: Annualised Premium |SP: Single Premium

Premium Amount

Regular - Rs. 50,000 - Rs. 1,00,000

Limited - Rs. 75,000 - Rs. 1,00,000

Single - Rs. 2,50,000 – No Limit, subject to BAUP
Premium Payment Details

Premium Payment Term: Regular: Same as Policy Term chosen | Limited: 5 years

Premium Payment Mode: Annual and single
Top-Up Premium

Minimum: Rs. 20,000

Maximum: Total Top-Up premium paid shall not exceed the sum of all the Annualised Premiums / Single Premium paid at that point of time
Top-Up Sum Assured

1.25 X Top-Up Premium

#Ages above will be as at the last birthday

*For age 0 to 7 years, underwriting screening will apply.

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Downloads

Know more about the plan and how it can benefit you.

Read about Tax benefits & Plan Disclaimer

Read about Tax benefits & Plan Disclaimer

Tax benefits are subject to conditions specified as per Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

Terms and Conditions

Risk Factors

∙ Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors.

∙ The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions

∙ Kotak Mahindra Life Insurance Company Ltd. is only the name of the Insurance Company and Kotak Invest Maxima is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.

∙ The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

∙ The past performance of other Funds of the Company is not necessarily indicative of the future performance of the funds.

∙ Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer. Insurance is the subject matter of the solicitation

Kotak Invest Maxima UIN: 107L073V05; Form No: L073; Ref. No.:KLI/23-24/E-WEB/1270

Regd. Office:
Kotak Mahindra Life Insurance Company Ltd.
Reg No. 107
CIN : U66030MH2000PLC128503
8^th Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website: https://www.kotaklife.com
WhatsApp: 9321003007

This is an individual, unit linked non-par life insurance plan. 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.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

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