Kotak Premier Moneyback Plan

How it works

• 30 year old VarunVermachooses a Basic Sum Assured of 5 lakhs with a policy term of 20 years and premium payment term of 10 years which are his prime working years

• He gets regular cash backs as percentage of the Basic Sum Assured (BSA) at equal intervals depending on the policy term chosen allowing him to care for his family at prime life stages

• In his first interval of 5 years (at the age of 35 years), his Cumulated Annualized Premium stands at Rs. 2,93,375/-* and 1st Survival Benefit is Rs. 1,00,000/-**

  * The above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums. **Subject to policy being in force.

• And so on for every 5-year interval as per the relevant rates

• He gets the balance Sum Assured at maturity. The Maturity Benefit at age 50 years will be Rs. 8,12,000 @8%# and Rs. 4,23,500 @4%#.

• #The assumed non-guaranteed rates of return chosen in the illustration are 4% p.a. and 8% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience may be different from the illustrated. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. Reversionary Bonus and Terminal Bonus have been calculated at the assumed non-guaranteed rates of return of 4% p.a. & 8% p.a.