Best Insurance Investment Plan In India - Kotak Premier Life Plan

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Kotak Premier Life Plan

A Non-Linked Participating Whole Life Plan

Life is all about enjoying the comforts and conveniences that you build for yourself. It also brings along the additional responsibility of securing your tomorrow and that of your family. Kotak Premier Life Plan is designed to protect your life right up to your 99thbirthday. It is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires. You can utilise these payouts to take care of your financial commitments, build a retirement corpus for a worry-free life or even create a legacy for your children and grandchildren to cherish.

How it works

  • Mr. Sharma decides to invest in the plan by selecting a Sum Assured on Maturity, Premium Payment Term and Premium Frequency as per his convenience.

  • He chooses the Bonus Option of “Paid-Up Additions” – that allows him utilize the bonuses under the policy to purchase Paid-Up Additions and accumulate corpus.

  • He continues to pay the Premium for the specified duration

  • At the end of the Premium Payment Term; accrued Simple Reversionary Bonuses till then will be utilized to purchase “Paid-Up Additions”; thereafter at the end of each policy year, the Cash Bonus declared will get utilized to purchase further Paid-Up additions

  • Mr. Sharma will have the option of en-cashing from the “Paid-Up Additions” to meet interim financial needs

  • At the end of the policy term, Mr. Sharma will receive the following

    Sum Assured on Maturity PLUS

    Accrued Paid-Up Additions (if any) PLUS

    Terminal Bonus

Key Advantages

  • Participating whole life plan

    With protection up to the age of 99 years

  • Simple revisionary bonus

    Declared from 1st policy year till end of premium payment term and cash bonus after expiry of premium payment term

  • Receive bonus payouts

    Or accumulate them under the policy

  • More value for money

    Through discount in premium for high Sum Assured on maturity and female lives

  • Enhance protection

    You can do this through a wide range of Riders

  • Enjoy tax benefit

    as per applicable tax laws


  • Age criteria

    • Entry Age: Min. 3 years ,Max. 8 years PPT - 55 years | 12 years PPT - 53 years |15 years PPT - 50 years| 20 years PPT - 45 years
    • Maturity Age: 99 years
  • Premium Payment Term (PPT)

    • Fixed PPT of 8, 12, 15 and 20 years
  • Policy Term

    • 99 years less entry age
  • Premium Payment Option

    • Minimum Premium - Determined on the basis of Sum Assured on maturity, entry age, gender and premium payment term
    • Maximum Premium - No limit, subject to underwriting
  • Minimum Sum Assured on maturity

    • Rs. 2,00,000/-
  • Premium Payment Mode

    • Yearly, Half yearly, Quarterly and Monthly
  • Modal Factor (% of annual premium)

    • The following modal loadings will be used to calculate the installment Premium - Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%

Additional Protection with Optional Riders

  • Kotak Term Benefit Rider

    In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.

  • Kotak Life Guardian Benefit Rider

    In case of death of policyholder (if different from Life Insured), outstanding premiums are waived and paid by Kotak Life Insurance.

  • Kotak Permanent Disability Benefit Rider

    In case of life insured being permanently disabled due to accident, benefit is paid in instalments.

  • Kotak Accidental Death Benefit Rider

    In case of accidental death of life insured, rider sum assured will be paid along with death benefit under base plan.

  • Kotak Accidental Disability Guardian Benefit Rider

    In case of accidental disability, outstanding premiums are waived and paid by Kotak Life Insurance.

  • Kotak Critical Illness Plus Benefit Rider

    Rider Sum Assured shall be paid in part or whole, in case the Life Insured is diagnosed with any of the 37 critical illnesses (subject to terms and conditions)

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Download the brochure to know more about the plan and how it can benefit you.

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Get in touch with our Customer Care team

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Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

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Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

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 laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

Terms & Conditions:

This is a non-linked participating whole life plan. For sub-standard lives, extra premium may be charged based on KLI’s underwriting policy. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For details on riders, please read the Rider Brochure.Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time.

Kotak Premier Life Plan UIN: 107N096V03, Form No: N096, Kotak Term Benefit Rider – 107B003V03, Form No. B003, Kotak Accidental Death Benefit Rider – 107B001V03, Form No. B001, Kotak Permanent Disability Benefit Rider – 107B002V03, Form No. B002, Kotak Life Guardian Benefit Rider – 107B012V02, Form No. B012, Kotak Accidental Disability Guardian Benefit Rider – 107B011V02, Form No. B011. Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020 Ref. No.: KLI/19-20/E-WEB/288.

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.

Reg No. 107
CIN : U66030MH2000PLC128503
8th Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)


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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