Kotak Single Invest Plus

A Single Premium Unit-linked Joint 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.

Value of your hard-earned money is best understood by you. The most important thing is to ensure that the money is put in right use for it to provide benefit to you and your family in the long run. Kotak Life Insurance brings to you Kotak Single Invest Plus, a single premium unit linked plan where by paying once you can reap the benefits and moreover while staying protected. The plan coupled with joint life protection cover, loyalty additions and by offering a wide array of funds ensures that your investments work for you and not the vice versa.

Key Features

Convenience of onetime payment – Single Premium

Being a single premium plan, there is no obligation of future payments, so just sit back and relax!
Joint Life cover – Provides cover on both the lives

Now you can protect the primary life and one more family member. The plan provides benefit on the unfortunate event of first death and thereafter also continues to cover the surviving life for any further uncertainties. Only specified closed relationships are allowed as Joint Lives.
Advantage of Loyalty Additions

The Plan provides Loyalty Additions at the end of 10th year for a policy of 10-year term and at the end of 10th and 15th year for a Policy of 15-year term. The Loyalty Addition is calculated as percentage of the average value of Funds in the Main Account in the three years preceding the benefit payment. Premium Amount (Rs.)- < 7 lacs Loyalty Addition- 3.60% Premium Amount (Rs.)- >= 7 lacs Loyalty Addition- 4.00%
Option to invest in a wide array of funds

The plan offers 6 fund options to choose as per your risk appetite and investment objective.

Eligibility

Age Criteria:

	Primary Life	Secondary Life
Entry Age*	Min: 18 yrs Max: 55 years for 10 years term 52 years for 15 years term	Min: 3 yrs Max: 55 years for 10 yrs term 52 years for 15 years term
Maturity Age	Min: 28 yrs Max: 65 years for 10 years Term 67 years for 15 years Term	Min: 18 yrs Max: 65 years for 10 years Term 67 years for 15 years Term

Policy
- Policy Term: 10 and 15 years
Sum Assured Levels
- Sum Assured on 1st Death: 1.25 times of the Single Premium
- Sum Assured on 2nd Death: 10 times of the Single Premium
Premium Payment Details
- Premium Payment Option: Single Pay
- Premium level: Min: Rs 3,00,000/- | Max: No limit
* For age 3 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

Tax Benefits & Disclaimers

Benefits earned under this plan are in accordance with the Income Tax Act, 1961. You may 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. and are subject to change in the tax laws. 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 Single Invest Plus 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 Single Invest Plus UIN – 107L075V04, Form No. – L075, Reference No.:KLI/23-24/E-WEB/1267

This is a savings oriented unit linked endowment plan. This website content 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.

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: http://insurance.kotak.com
Email: clientservicedesk@kotak.com

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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