Life Insurance - Kotak Life Insurance Company in India
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Kotak e-Invest

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

You have your goals set in life and are working hard to achieve them. In this journey, it is important that your hard earned money is invested in the right funds at minimal cost. Keeping this in mind, Kotak Life Insurance introduces Kotak e-Invest - a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and requirements. To take care of various needs, we have designed an insurance plan that can be customized to meet your needs- whether it is protection; investment; financial security for child; retirement planning – this is an all in one solution.

Key Features

  • Zero Premium Allocation Charge:

    100% allocation of your premiums, which you pay is fully invested into the funds.

  • Enhance Your Fund Value Through Yearly Additions

    Starting from end of 6th policy year onwards till maturity or death whichever is earlier based on the plan options.

  • Return of Mortality Charges

    25% to 200% of Life Cover charges deducted will be added to the fund value on survival of Life Assured till maturity, on maturity date based on the policy term chosen (if applicable).

  • Multiple plan options to choose from–

    Maximiser – This option is aimed at maximizing your returns for the money invested.
    Rising Star option offers Triple Protection Benefit on parent’s death through lump sum payout, monthly income and policy continuation till maturity
    Retire Rich Option cover till the age of 99 years

  • Boost Long Term Savings Through Retirement Income along with Income Booster

    Ensuring your expenses after Retirement are taken care of.

  • Provides flexibility to choose from two Investment Strategies

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

Eligibility

  • Parameter Plan Option Eligibility Criteria
    Minimum Maximum

    Entry Age#
    Maximizer 3 years 60 years
    Rising Star 18 years 50 years
    Retire Rich 3 years 50 years
    Maturity Age#
    Maximizer 18 years 75 years
    Rising Star 28 years 60 years
    Retire Rich Fixed at 99 years age of Life Insured
  • Policy Term Plan Option Policy term
    Maximizer
    Rising Star 10 years / 12 years / 15 years / 20 years
    Retire Rich 99 minus Entry Age of Life Insured
    Note: 1. For Maximizer and Retire Rich, 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 2. For Rising Star option, minimum policy term will be greater of 10 years and 18 minus age last birthday of the Beneficiary on the date of commencement, to ensure that the policy matures when the beneficiary has attained the age of majority. In case where 18 minus age last birthday on the date of commencement lies between two available policy terms, the next higher policy term will be offered.
  • Premium Payment Term Options (PPT) Category Premium Payment Term Option (PPT) Policy Term
    Maximizer Regular Regular 10 / 12 / 15 / 20 years
    Limited 5, 7 years 10 / 12 / 15 / 20 years
    10 years 12/ 15 / 20 years
    Rising Star Regular Regular 10 / 12 / 15 / 20 years
    Limited 5, 7 years 10 / 12 / 15 / 20 years
    10 years 12/ 15 / 20 years
    Retire Rich Limited 10 to 60 minus Age at Entry of Life Insured 99 minus Entry Age of Life Insured
  • Premium Level Maximizer Rising Star Retire rich
    Minimum
    yearly Rs. 9,000/- Rs. 24,000/- Rs. 24,0000/-
    Half Yearly Rs. 4,500/- Rs. 12,000 Rs. 12,000
    Quarterly Rs. 2,250/- Rs. 6,000/- Rs. 6,000/-
    Monthly Rs. 750/- Rs. 2,000/- Rs. 2,000/-
    Maximum
    Yearly Nolimit Nolimit Nolimit
    Half Yearly
    Quarterly
  • Monthly
    Sum Assured Maximizer Rising Star Retire Rich
    Basic Sum Assured(Min & Max) 10 times Ap 10 times Ap 10 times Ap
  • Mode Maximizer Rising Star Retire Rich
    Yearly, Half-Yearly, Quarterly, Monthly

    (Annualized Premium = AP)

  • Additional protection with optional Riders:

    • Kotak Accidental Death Benefit Rider (Linked) UIN: 107A017V01
    • Kotak Permanent Disability Benefit Rider (Linked) UIN:107A018V01

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Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers The tax benefit is applicable as per 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.

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 e-Invest 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 funds, 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 / Corporate Agent / Insurance Broker / Intermediary or policy document of the insurer.

• All benefits payable under the Policy are subject to the Tax Laws and other financial enactments, as they exist from time to time. Kotak e-Invest; UIN – 107L121V01, Form No. – L121, Ref No. – KLI/21-22/E-WEB/109, Kotak Accidental Death Benefit Rider (Linked) UIN – 107A017V01 Form No: A017, Kotak Permanent Disability Benefit Rider (Linked) UIN – 107A018V01 Form No: A018 This is an individual Unit-linked Non-participating Endowment Life Insurance 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.

Kotak Mahindra Life Insurance Company Ltd.

Reg No. 107 CIN : U66030MH2000PLC128503 Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400051 Toll Free: 1800 209 8800 Website: https://www.kotaklife.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. .