Savings and Investments Plan (Kotak Wealth Optima Plan)

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Kotak Wealth Optima Plan

Individual, Unit-Linked, Non-Par, Endowment Life Insurance Plan

In this policy, the investment risk in investment portfolio is borne by the policyholder. The Unit linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially during lock-in period i.e. till the end of first five years.

Kotak Wealth Optima Plan is a protection and savings oriented unit linked insurance plan. The plan provides life insurance cover to protect your family in case of your unfortunate demise. It also provides the flexibility of choosing premium payment term, investment strategy and investment horizon.

How it works

  • Shivani is 35 years old, business woman.

  • She chooses a policy term of 20 years and premium payment term of 7 years with annual premium of Rs. 10,00,000 and a Sum Assured of Rs. 1,00,00,000.

  • She chooses the Age Based Strategy as it offers her the flexibility to change Risk Appetite as per market movements, and starts with an Aggressive Risk Appetite

  • At the end of 10 years, her cumulative premium is Rs. 70,00,000, fund value at 8%#is Rs.1,08,11,092 and fund value at 4%#is Rs. 82,31,060.

  • At maturity, her cumulative premium is Rs. 70,00,000 and fund value at 8%#is Rs. 2,17,92,568 and fund value at 4%#is Rs. 1,13,36,810.

    #The values are based on assumed investment rate of return of 4% p.a. & 8% p.a. The values shown are not guaranteed and they are not upper and lower limit 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 above premium figures are net of Goods and Services Tax and Cess, as applicable. Goods and Services Tax and Cess rates are subject to change from time to time as per the prevailing tax laws and/or any other laws.

Key Advantages

  • Option to be covered for whole life

    Stay protected till age 99 years

  • Choice of two Investment Strategies

    This plan enables you to choose the funds that suit your risk-return profile. It offers you the flexibility to choose from 2 Investment Strategies: (1) Self-Managed Strategy and (2) Age Based Strategy.

  • Enhances fund growth through Yearly Additions post Lock-in period

    Yearly Additions starts accruing from the end of 6th policy year (subject to policy being in force) till the end of the policy term.

  • Boosts long term savings through Wealth Boosters

    Wealth Boosters starts every 5 years starting from the end of 10 policy year (subject to policy being in force)

  • Option of additional protection through optional riders

    Increase your protection cover with the two optional riders


    • Age Criteria

      Entry Age:

      Min: 3 years

      Max: Other than Whole life:

      ∙ Regular Pay: 65 years

      ∙ Limited Pay: 58 years

      ∙ Whole Life: Limited pay: 50 years

  • Maturity Age:

    Regular & Limited Pay: Min: 18 years | Max: 75 years

    Whole Life: Max: 99 years

    Note: The minimum policy term will be equal to the smallest available term to ensure that the Life Insured is a Major at the time of maturity. For example, if the Life Insured’s age is 7, minimum policy term available would be 12 years

  • Policy Term:

    Other than Whole Life: Regular Pay & Limited Pay: 10 years / 15 years / 20 years Whole Life: 99 minus age at entry of life insured.

    Premium Payment Term


    Other than Whole Life Policy Term Premium Paying Term
    10 10
    15 15
    20 20
    Whole Life Not Applicable

    Other than Whole Life Policy Term Premium Paying Term
    10 5/7
    15 5/7/10
    20 5/7/10
    Whole Life 99 - age at Entry 5/7/10 or 60 – age at Entry
  • Premium Payment Mode

    Yearly, Half yearly, Quarterly, Monthly


    Min: Annual – Rs. 200,000 || Half-Yearly – Rs. 100,000 || Quarterly – Rs. 50,000 || Monthly – Rs. 16,000 Max: No limit

  • Basic Sum Assured

    Regular Pay:

    Other than Whole life:

    • For entry ages 3 - 60 years: Min: 10 times of AP || Max: 15 times of AP

    • For entry ages 61 - 65 years: Min & Max: 10 times of AP

    Regular pay is not applicable under Whole life.

    Limited Pay:

    Other than Whole life:

    • For entry ages 3 – 45 years: Min: 10 times of AP || Max: 15 times of AP

    • For entry ages 46 – 58 years: Min & Max: 10 times of AP

    Whole life:

    • For entry ages 3-45 years:

    Min: 10 times of AP

    Max: 5 Pay - 12 times of AP

    7 Pay | 10 Pay | 60 minus age at entry – 15 times of AP

    • For entry ages 46-50 years:

    Min: 10 times of AP (fixed)

    Max: 5 Pay | 7 Pay | 10 Pay | 60 minus age at entry – 10 times of AP (fixed)

    AP refers to one Annualized Premium

Additional Protection with Optional Riders

  • Kotak Accidental Death Benefit Rider

    In addition to the death benefit as per the base plan, the Rider Sum Assured is payable in case of an unfortunate demise of the life insured due to accident.

  • Kotak Permanent Disability Benefit Rider

    In case of Total and Permanent disability of the life insured due to accident, the Rider Sum Assured is payable and the base policy continues

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Policy FAQs

Read about Tax benefits & Plan Disclaimer

Tax benefits is applicable as per the 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 & 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 Wealth Optima Plan 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 (along with the possibility of increase in charges), from your Insurance Agent or Corporate Agent / Insurance Broker or policy document of the insurer.


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.

Kotak Wealth Optima Plan UIN: 107L118V02, Form No: L118, Kotak Accidental Death Benefit Rider (Linked) UIN – 107A017V01 Form No: A017, Kotak Permanent Disability Benefit Rider (Linked) UIN – 107A018V01 Form No: A018, Ref No.: KLI/21-22/E-WEB/864

This is a unit linked non-participating endowment plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure.

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd. Reg. No. 107; CIN: U66030MH2000PLC128503 Regd. Office: 2nd Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai -400051 | Website: | WhatsApp: 9321003007 | Toll Free: 1800 209 8800

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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