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Kotak Ace Investment

A Unit Linked 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 withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.

The choices you make today will impact your life tomorrow. So if you choose an insurance plan that offers you investment strategies along with convenient payment options you can ensure efficient wealth creation. Kotak Ace Investment is an investment plan that is designed with the clear objective of helping you accumulating wealth and providing you adequate life cover.

How it works

  • insurence plan

    Amit Kaul is a 35-year-old businessman looking to invest his growing wealth and also ensure his family’s financial independence and security.

  • insurence plan

    He chooses Kotak Ace Investment Plan to invest in funds of his choice and enjoy adequate protection too!

  • insurence plan

    He decides on an annual premium of Rs. 50,000*, policy term and premium payment term of 20 years, and a Sum Assured of Rs. 5,00,000 under Self Managed Strategy with 100% investment in Classic Opportunities Fund.

  • insurence plan

    At the end of 10 years, the cumulative premium is Rs. 500,000 and fund value at 8%** is Rs. 6,62,265 and fund value at 4%** is Rs.5,31,601

    At maturity after 20 years, when he is 55 years of age, his fund value at 8%** is Rs. 19,01,130 and fund value at 4%** is Rs. 12,18,121.

  • insurence plan

    The corpus allows him to lead a comfortable life as he approaches retirement.

    *The above 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.

    **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 returns, they have been shown for illustrative purpose only.

Key Features

  • Capitalize on unmatched options of three Investment Strategies to build a substantial corpus

    Capitalize on unmatched options of three Investment Strategies to build a substantial corpus

    To get the best out of your money it is important to determine your investment horizon. This enables you to establish your risk-return profile and thereafter choose the funds that suit you. Kotak Ace Investment offers you the flexibility to choose from 3 Investment Strategies; Self Managed Strategy: If you wish to manage your investment on your own. Age Based Strategy: If you don't have the time or financial expertise in managing your investment. Systematic Switching Strategy (SSS): If you want to avail the benefit of equity investment in a systematic manner.

  • Flexible payment period

    Flexible payment period

    Option of 5-year premium payment term for a policy term of 10 years, or 10-year premium payment term for policy terms of 15, 20, 25 and 30 years In cases where longer payment period doesn’t suit your needs, you may also choose to pay yearly, half-yearly, quarterly or monthly – giving you even greater flexibility in the way you invest.

  • Add more to your savings through Top-Up

    Add more to your savings through Top-Up

    Invest your surplus funds as Top-Ups and add to your savings potential. You can also enjoy Top-Up Sum Assured that adds to your existing cover.

  • Get easy access to investment

    Get easy access to investment

    Make partial withdrawals after the 5th policy year. 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.

  • Other advantages

    Other advantages

    Get life insurance cover that safeguards your family's well-being. Enhance protection with Accidental Death and Permanent Disability Benefit Rider

Eligibility

  • Eligibility

    Age criteria

    • Entry Age: 0 to 65 years (60 years for limited pay)
  • Eligibility

    Maturity Age

    • 18 to 75 years
  • Eligibility

    Policy Term

    • 10 | 15 | 20 | 25| 30 years
  • Eligibility

    Premium Payment Mode

    • Yearly / half-yearly / quarterly / monthly
  • Eligibility

    Premium Payment Term

    • Regular: Equal to the policy term.
    • Limited: 5-year payment with policy term of 10 years | 10-year payment with policy term of 15 / 20 / 25 / 30 years
  • Eligibility

    Premium (Rs.)

    • Regular Pay: Minimum: Yearly: 30,000, Half-Yearly: 18,000, Quarterly: 9,000 & Monthly: 3,000.
    • Maximum: No limit
    • Limited Pay: Minimum: Yearly: 50,000, Half-Yearly: 30,000, Quarterly: 15,000 & Monthly: 5,000.
    • Maximum: No limit
  • Eligibility

    ​Basic Sum Assured

    Regular Pay:

    Age of Life Insured Minimum Maximum
    Less than 45 years Higher of 10 times AP or 0.5* Policy Term * AP 25 times AP
    45 years Higher of 7 times AP or 0.25* Policy Term * AP 25 times AP
    46 years - 54 years 15 times AP
    55 years - 60 years 10 times AP
    61 years and above 7 times AP

    Limited Pay:

    Age of Life Insured Minimum Maximum
    Less than 45 years Higher of 10 times AP or 0.5* Policy Term * AP 15 times AP
    45 years Higher of 7 times AP or 0.25* Policy Term * AP 15 times AP
    46 years - 54 years 15 times AP except for 5 PPT which is 7 times AP
    55 years - 60 years 10 times AP except for 5 PPT which is 7 times AP
    AP refers to one Annualized Premium
  • Eligibility

    Top-Up Premium

    • Minimum : 10,000
    • Maximum : The total Top-Up premium paid shall not exceed the sum of all the regular premiums paid at that point of time
  • Eligibility

    Top-Up Sum Assured : 1.25 X Top-Up Premium

Additional Protection with Optional Riders

  • 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.

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  • Additional Protection with Optional Riders

    Kotak Permanent Disability Benefit Rider

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

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Read about Tax benefits & Plan Disclaimer

Benefits earned under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits on:

  • Your premiums under Section 80C.
  • Maturity or death claim proceeds under Section 10 (10D).

Tax benefits under the policy will be as per the prevailing income tax laws.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 Ace Investment 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.

Kotak Ace Investment UIN: 107L064V05, Form No: L064, 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/19-20/E-WEB/308.

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
8th Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website: http://insurance.kotak.com
Email: clientservicedesk@kotak.com

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFER

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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