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In ULIP, The investment risk in investment portfolio is borne by the policyholder

ULIP Plans Online

Unit Linked Insurance Plans(ULIP)

ULIP Plans

Create wealth and ensure financial protection for your family with Kotak e-Invest

ULIP Plans

How does ULIP plan Work?

1

Choose the level of life insurance, premium payment option, premium amount, and policy duration to match your financial security and savings goals before participating in ULIPs.

2

Your nominee will receive the sum assured in the event of an unfortunate event during the policy term to realize their ambitions.

3

Depending on your selections, the remainder of your premium is invested in the stock market using equity, debt, or hybrid funds.

4

Equity invests your funds in stocks. Debt funds invest your money in safer instruments like bonds. With the stability of debt funds and high return potential of equities, hybrid funds strike a compromise.

5

Your choice of an upfront, lump sum payment or recurring payments on an annual, half-yearly, quarterly or monthly basis, as well as the frequency of the premium instalments, can be made at your convenience.

6

Your life insurance is paid for in part with your premium.

7

The value of your coverage is determined by the capital put in these funds. Your possibilities of earning bigger returns increase as you invest over a longer period of time.

What are the benefits of ULIPs?

Building a corpus to ensure a safe and secure future for your loved ones and yourself holds critical importance, and Unit Linked Insurance Plans have the potential to help you with that. They have several advantages as mentioned below:

Flexibility to choose a cover amount

Flexibility to choose a cover amount

You can choose your Life Cover amount as you desire in Unit Linked Insurance Policies. Most ULIPs offer a life cover of 10 times your yearly premium which is minimum. You can choose the life cover value of up to 40 times your yearly premium depending on the type of plan you choose.

Flexibility to choose the type of investment

Flexibility to choose the type of investment

There are three fundamental types of funds –

  • Equity Funds

    If you think you can take risks, go for equity funds where the returns can also be high. These investments are done in stock market

  • Debt Funds

    Debt funds invest in fixed returns instruments like corporate bond, Government bonds etc. These are for people who are looking for secured returns.

  • Balanced Funds (combination of equity and debt fund)

    Balanced funds, invest in both equities and debt funds in equal proportions.
    Depending on your financial objectives and risk tolerance, ULIPs allow you to invest in a variety of funds. For example, if you want to expand your wealth and don't mind taking risk on your investment, equity is a good option to go for. Similarly, debt funds can be an ideal choice if you want consistent returns on your money.

Liquidation of funds

Liquidation of funds

Partial withdrawal of funds is an option available with Unit Linked Insurance Policies that allow you to remove a portion of your invested money. It enables you to pay for quick financial needs such as your child's fees, a family vacation, or even in a situation of emergency.

Financial goal plans

Financial goal plans

ULIPs are designed to help you achieve your financial objectives, such as increasing your wealth, planning for retirement, or preparing for your child's future education plans. These plans also provide you with the assurance that your premium payments are contributing to the achievement of your long-term monetary objectives.

Benefits of Savings Plan - Convenience of choosing policy term

Tax Advantages

At different stages of your life insurance policy, you may be eligible for tax benefits as per the Income Tax Act of 1961.

  • Advantage of Entry: Under Sections 80C , you gain tax savings on your premium payments.
  • Advantage of Exit: You can also get a tax-free Maturity Benefit if you meet the Section 10 (10D) requirements.

Life cover or wealth creation? Get both in one plan.

What are some key features of ULIPs?

Allocation of Premium

ULIPs allow you to choose investment channels based on your risk tolerance. You can go aggressive with equities, cautious with debt funds, or mix it up with balanced funds to get the best of both worlds. You can also allocate your premiums towards funds of your preference and depending on your risk appetite.

Switching of Funds

You can move or switch from one fund to another if the performance of your chosen funds does not meet your expectations, or if the market conditions change. As a result, you can ensure that your returns are well-balanced even when one part of the market is not performing well. You can beat volatility.

Withdrawal Options

You can make portion withdrawals from your funds after the five-year lock-in term if necessary. The insurance providers set the maximum withdrawal amount and the number of withdrawals that are permitted.

Additional Top-ups

You can add additional money in the form of Top-Up Premiums over and above your existing premium which will give you an additional Top-Up Sum Assured.

Tax savings

ULIPs are like other life insurance instruments with a difference that you get to invest and secure your family financially both under one plan. Since it is a life insurance product, you also get tax benefits.

Why should you invest in ULIP?

Why should you invest in ULIPs?

Unit Linked Insurance Plans offer superior returns in multiple asset groups than the majority of insurance products. Depending on the performance of the fund, the policyholder can switch between debt and equity to ensure that the returns are positive and beneficial. Every earning individual is generally advised to get an insurance plan that provides a cover amount worth an income of ten years. In the case of ULIPs, the life cover provided is ten times the amount of annual premium payments, which in turn, makes the insured unsusceptible to market volatility. The insured gets liquidity benefits, transparency, returns, etc., which works in their favour. Therefore, investing in a ULIP makes for a smart decision!

How to manage ULIP funds?

Do you have trouble managing your ULIP funds? Or do you not know how to handle them in the best way possible? The following are some important considerations with regard to the management of ULIP funds:

  • Numerous ULIPs permit routine transfers of funds from debt to equity ULIPs. If you pay an annual premium, you can begin investing in a debt fund and then choose to switch to an equity fund gradually. It would resemble Systematic Transfer Plans (STP), which have grown to be incredibly popular. You should absolutely think about adopting it to reduce your investment risk.
  • You must get ready for a long-term investment because ULIPs have a five-year lock-in period.
  • The performance and future prospects of ULIP funds must be reviewed on a regular basis. If an asset class in your ULIP fund has underperformed or is overvalued, you should change it. You would need to migrate from an equity ULIP fund to a debt ULIP fund in order to achieve the same. There won't be any taxes to pay. There might be some fees but bear in mind that many ULIPs give investors a set number of free switches each year.
  • There are several ULIPs that have a lifecycle-based strategy. Based on the investor's age, this method automatically distributes their funds between equity and debt. If you decide to invest in ULIPs for your retirement, you may easily adopt this method.
How to manage ULIP Funds?

If you're waiting for the ideal moment to buy ULIP, you should be aware that this moment never comes. Your chances of reaching your objectives are enhanced the earlier you begin investing in ULIPs.

How to find the best ULIP plans?

Understand the features and benefits

Features and perks offered by various different plans vary. To choose the plan that best helps them achieve their financial objectives, one should be well-versed in the features and benefits provided by the ones accessible on the market. It is simpler to select the plan that best meets your needs if you are aware of the benefits and drawbacks of various plans.

Identify the insurance objectives

Since ULIPs are long-term investments, you should decide which plan will best help you achieve your insurance goals. Understanding different plans is crucial if you want to get the most out of a unit-linked insurance plan. The choice of plan that fulfils your financial ambitions and offer financial security to your family depends on the clarity of your investing and insurance objectives.

Decide your goals

Before deciding which ULIP plan to purchase, it is essential to evaluate your investing objectives. The availability of numerous fund options enables investors to investigate and evaluate their investment horizon and insurance goals for selecting the optimum strategy.

Claim settlement ratio

The claim settlement ratio of the insurance provider is one of the most important elements to take into account when selecting a ULIP plan. The claim settlement ratio shows what portion of all claims received by a company were ultimately resolved. The credibility of the insurance increases with the percentage.

Best ULIP (Unit Linked Insurance Plans) Plans from Kotak Life

In this policy, the investment risk in the investment portfolio is borne by the policyholder.

Online plan

Kotak e-Invest

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  1. Return of Mortality Charges*$
  2. Enhanced Protection
  3. Multiple Plan Options
  1. Zero Premium Allocation Charges
  2. Tax Savings^
Offline plan
  • Kotak Invest Maxima
  • Kotak Single Invest Plus
  • Kotak Single Invest Advantage
  • Kotak Platinum Plan
  • Kotak Ace Investment
  • Kotak Wealth Optima Plan

Kotak Invest Maxima

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  • Zero premium allocation charges
  • Choice of portfolio strategies and fund types
  • A variety of policy term and premium payment terms are available.
  • Partial withdrawals
  • Rewards on long-term investment

Kotak Single Invest Plus

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  • Single premium policy
  • Joint life cover for two family members
  • Loyalty Additions to enhance fund growth

Kotak Single Invest Advantage

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  • One-time investment
  • Choice of 3 investment strategies
  • Loyalty Additions to give boost to your wealth

Kotak Platinum Plan

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  • Choice of Three fund-management strategies
  • Survival units to enhance your fund value
  • Limited premium payment term

Kotak Ace Investment

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  • Choice of three investment strategies
  • Flexibility to add Top-up premium
  • Multiple premium payment period options
  • Option to make partial withdrawal

Kotak Wealth Optima Plan

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  • Choice of two investment strategies
  • Options to be covered till 99 years
Offline plan
  • Zero premium allocation charges
  • Choice of portfolio strategies and fund types
  • A variety of policy term and premium payment terms are available.
  • Partial withdrawals
  • Rewards on long-term investment
Download Brochure
  • Single premium policy
  • Joint life cover for two family members
  • Loyalty Additions to enhance fund growth
Download Brochure
  • One-time investment
  • Choice of 3 investment strategies
  • Loyalty Additions to give boost to your wealth
Download Brochure
  • Choice of Three fund-management strategies
  • Survival units to enhance your fund value
  • Limited premium payment term
Download Brochure
  • Choice of three investment strategies
  • Flexibility to add Top-up premium
  • Multiple premium payment period options
  • Option to make partial withdrawal
Download Brochure
  • Choice of two investment strategies
  • Options to be covered till 99 years
Download Brochure

Which ULIP funds are suited for you?

Flexibility to choose a cover amount

Equity

Equity funds are for people who have high-risk appetite. Equity funds and their performance is based on the ups and downs of the market. You can opt for equity funds if you have a good risk-appetite and want to create some wealth in long term.

Liquidation of funds

Liquid funds

Investment made in Liquid funds frequently have strong credit ratings, making them trustworthy choices. It is perfect for those looking for safer solutions because it has a low risk component. Treasury bills and certificates of deposit (CDs), two highly liquid market vehicles, are where the money invested in this kind of ULIP is placed. The maturity time for liquid funds ULIPs is also brief, lasting only a few weeks to months. Thus, they are excellent for short-term objectives.

debt

Debt

Investments made using borrowed money ULIPs are geared for debt instruments. Debentures, government bonds, corporate bonds, and fixed-income bonds fall under this category. These devices are safer since they carry low to moderate risk. However, the returns from them are similarly moderate and typically lower than those from equities ULIPs.

case funds

Cash funds

Cash payments ULIPs invest in bank-owned money market funds. These instruments have a very low risk profile. As a result, of all ULIP categories, they offer the lowest returns. Risk-averse investors have the option of choosing cash funds ULIPs.

balance-funds

Balanced funds

ULIPs give investors the choice to invest in both equities and debt instruments in order to balance risk and profit. The remainder of the fund is invested in equity, while a portion is assigned to debt instruments with set interest rates. By doing this, the danger of investing exclusively in stock is essentially reduced. This maintains the fund's stability, producing consistent returns.

What are the various factors to consider before buying ULIPs?

ULIPs are life insurance products that are not the same as conventional insurance policies. Here are some factors that must be considered before choosing a Unit Linked Insurance Plan.

Objective

Objective

Before you buy a ULIP, you should have a long-term goal (retirement, wealth creation, etc.) in mind. It is recommended because ULIPs provide higher returns over a long period of time.

Premium Payment/Lock-in Period

Premium Payment/Lock-in Period

It's crucial to understand your ULIP policy's premium payment and lock-in periods. The total number of years for which you will pay the premium to the insurer is called the premium payment period/term. The lock-in period for ULIPs is five years.

Charges Involved

Charges Involved

There are a number of charges (policy administration, premium allocation, etc.) that are deducted from the premium. Knowing these charges and what they imply can help you choose the best coverage for your long-term goals.

Monthly Expenditure

Monthly Expenditure

You should go for a plan wherein you’re sure of making regular premium payments. This will depend on the prior knowledge of all the other expenditures that you have in a month.

Monthly Expenditure

Knowledge of Funds

Your ULIP premium is split up and invested in a variety of funds. Debt funds, income funds, and equity funds are the most common types. You need to understand how these funds perform and the risks involved.

Monthly Expenditure

Inflation

When choosing an insurance plan, you must keep inflation in mind because the cost of everyday necessities will definitely rise in the future.

Monthly Expenditure

Risk Factors

If you have a high-risk appetite, you can invest in equity. If you feel the markets are influenced and not performing, you can opt for fund switching to balanced funds to secure your returns.

Insurance and investment in one plan with Kotak e-Invest.

Documents Requirds to buy ULIPs

What are the documents required to buy ULIPs?

Before purchasing a ULIP, the following documents must be kept handy -

  • Age proof

    This can be verified through a passport, voter’s ID, or driving license.

  • Identity proof

    For this, a PAN card is mandatory.

  • Address proof

    The address can be verified through a passport, voter’s ID, or driving license.

  • Income proof

    For this, you will need to provide salary slips, income tax statements, bank statements, etc.

Steps to Buy ULIP Online

To purchase unit-linked insurance plans online, follow these simple steps:

1

Examine Different Types

Numerous ULIPs offer lifelong investing, a variety of premium payment options, and the ability to switch funds. Look for ULIPs that provide the strategies best suited to achieving your goals. Before buying the policy, you should research the insurance company to see if it will be able to pay claims in the future. The ability of the corporation to fulfil its obligations is improved by a higher solvency ratio.

2

Understand Your Risk Appetite

You must ascertain your level of risk tolerance before making an investment in a ULIP. Depending on your needs and level of risk tolerance, this plan offers a wide range of funds from which to choose. Risk-averse investors should allocate more of their cash to debt funds, while risk-loving investors should place their money in equities. With ULIPs, you are able to select the fund that best suits your risk tolerance. Equity funds are appropriate for investors with a high appetite for risk, while debt funds are suitable for investors with a moderate appetite for risk.

3

Examine Your Premium Payment Options

There are three ways to make payments: single, limited, and regular. The single payment option requires that you pay the entire premium amount at the commencement of the policy. It is a one-time investment. Unit-linked insurance plans demand premium payment, just like any other type of insurance. Your life insurance premium is split into a portion paid to the insurance company and a portion invested in investment using a variety of qualified funds. After that, depending on how well the funds you choose performed, you would earn returns. You can choose from a wide range of investment alternatives, including debt, shares, hybrid funds, and others.

4

Stay Current with the Market

Keeping up with market trends and economic conditions is a smart idea because it will help you come to more informed conclusions. For instance, if you invested in equity funds but the market has since inflated and grown expensive due to shifting market patterns, you can withdraw from equity funds and rejoin them once the market has stabilized.

5

Purchase ULIP for you

ULIPs offer large returns on investment over a lengthy period of time and have a 5-year lock-in term. With a ULIP investment plan, you can change between assets. Equity funds, which are appropriate for risk-takers, are just one example of an asset with their own unique set of features. Despite being riskier than other funds, it offers higher returns. Conversely, debt funds offer the lowest returns while also carrying the lowest risk. For those who prefer not to take risks, it is perfect. Your financial portfolios must be balanced as a result.

Types of ULIP charges

Premium Allocation

These charges are a percentage of the premiums. The net premium is then allocated at the Net Asset Value (NAV) prevailing on the date of receipt of premium.

Policy Administrative Fees

A fee is charged for the policy's management. This charge is applicable each month, and it depends on the premium band.

Fund Management

These fees are imposed as a percentage of the fund value and are capped by IRDAI at 1.5% annually. These go toward administering your funds.

Discontinuance or Surrender

If the ULIP plan is terminated early within the first four years, a discontinuation fee is assessed. There are no surrender fees assessed after the fifth year.

Partial Withdrawal Charge

Investors have the opportunity to exit ULIP plan early after the first five years if necessary. Partial withdrawal is subject to penalties per the terms of the policy.

Mortality Chanrge

These fees are imposed by the insurer to provide death coverage to the insured and are calculated after taking into account age, health conditions, and the insurer mortality table.

Switching Charges

Investors are permitted a set number of free-fund switches each year without incurring any fees. After this, every switch is subject to fees ranging from ₹100 to ₹500.

Customer Reviews for ULIP

Best Plan for me

When I was planning for my child’s future, my friends recommended me about investing in ULIP. The benefits that ULIP offer were very well aligned with my requirements. This is why I started researching and came to know about Kotak e-Invest plan. I went through their online portal and got to know the premiums, returns and everything. I realized that Kotak e-Invest is the best plan for me and I bought it.

Ms Sufyaan

Tax benefits and good returns

ULIPs are a new age investment instruments that offer tax benefit and market-linked returns. I read about it online and started to think about my investments. I thought this can be a good add to my financial portfolio. They offer market-linked returns with no Capital gain taxes. And, I could easily optimize my returns by choosing the funds wisely. So, I decided to start my Kotak e-Invest plan.

Mr Darpan V Mehta

Excellent Returns

Investments have always helped me achieve my difficult life goals. So, I make sure that every month I invest in the right instruments. Just when I was looking for a new investment option, I came across Kotak e-Invest plan. They have various plan options; premium payment mode is flexible which is perfect for me. The plan aligned with my requirements and offered excellent returns which makes this one a best ULIP plan for me.

- Mr Boddu Mohan Rao

One of the best investment instruments

Kotak e-invest is one of the best investment instruments I decided to invest my hard-earned money in. It gives me various fund options that help me manage my portfolio and make sure that my investment is optimized all the time. This way, I can gain returns when the market is high and go for debt funds when the markets go down. A win-win. If you are looking for such a plan, I recommend you to invest in Kotak e-Invest.

Mr Ladumor Rameshbhai

Good returns

I was looking for investing a sum of amount that can give me good returns over the long term. I came across Kotak e-Invest and decided to give it a try. I logged in to understand the plan and their call center executive helped me understand everything about the plan. I went ahead with the plan and the plan is giving me good returns and I can monitor them year on year. If you are looking for a long term investment with solid returns, I recommend you to invest in Kotak e-Invest.

Ms Neeti Garg

Happy to make this decision

My friends recommended me to invest in an ULIP plan when they came to know that I am planning to buy a house in the future. I went online, spoke to my friends and came across Kotak e-Invest plan. I registered on their portal where they showed me all plans, premiums and returns upfront. I completed the application process, upload documents and made my payment. I was happy to make this decision as I can now monitor my returns and make a fund switching decision when required.

Mr Santosh Kumar

What is ULIP NAV?

A fund's net asset value (NAV) is calculated as the asset value per unit less the liability value. You can monitor the performance of your fund using this value. A fundamental understanding of ULIP operation is necessary to comprehend NAV.

Like you, several other investors pay the insurance company the premium for a ULIP. The insurer then gathers the funds from each of these investors to produce a single sizable investment sum that is invested in a range of market instruments. Good returns are aided by sizable and varied investments.

The number of units that each investor receives depends on the premium they pay. Net Asset Value, or NAV, is the measure of each unit's value. Each investor's portion of the total investment is represented by the number of units they own. The proceeds are then divided based on the quantity of units.

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Unit Linked Insurance Plans (ULIP) FAQs

Unit Linked Insurance Plans, or ULIPs, are a combination of insurance and investment options. These plans provide both life insurance and also a means of accumulating wealth.

The ULIP maturity benefit is the sum paid by the insurance company to the insured if he or she lives through the policy's maturity period. The maturity benefit amount is equal to the fund value.

The death benefit in ULIP is the sum paid to the policyholder's nominee in the unfortunate event of the policyholder's death during the policy

By submitting a surrender request to your insurer and paying certain charges, you can cancel your ULIP policy. When you surrender the policy, you will be offered the surrender value on the surrender date. However, you will not receive this money until your policy's five-year lock-in period has ended, if surrender is done within the lock-in period. Though you can terminate the coverage at any time throughout the policy's term, experts suggest investing for at least 10 years to get a decent corpus.

Every policyholder has the choice of investing in one of several funds, depending on their risk tolerance and market trends. The fund value in ULIP is the total monetary value of the units owned by the policyholder. On any given day, it can be calculated by multiplying the net asset value (NAV) of each unit by the number of units held by the policyholder. Further, the fund's value can fluctuate depending on the daily NAV.

Unit Linked Insurance Plan is the full name of this insurance product. A ULIP is an insurance strategy that combines investing opportunities to help you reach your long-term objectives with a life insurance component to help you provide for your family in the event of the unthinkable.

Since there is a five-year lock-in term, it is advisable to assess your personal financial situation and ambitions because the insurance provider would charge if the plan is cancelled before the lock-in time has expired. ULIPS are thus only a safe choice for long-term investments.

Only when the first five policy years are complete and not before are partial withdrawals in ULIP plans permitted. Only when all past-due premiums have been paid on time and the policy is still in effect is partial withdrawal permitted. For partial withdrawals, there is a minimum restriction of ₹10,000.

GST is additionally charged at 18% for life insurance policies purchased through Unit-Linked Insurance Plans (or ULIPs). This includes fund administration fees as well as GST costs associated with premium payments.

If you fall behind on the premium payments, your ULIP provider won't impose any penalties during the lock-in period. The only restriction is that you are unable to withdraw the funds until the lock-in term of five years has elapsed.

When you are working toward your objectives, whatever they may be, and have a reliable income and few responsibilities, it is an excellent time to invest in ULIPs. You aren't required to invest the same amount each year, and you can even change your premium allocation each year.

The greatest method to increase the profits on your ULIP investments is to diversify your holdings across various asset classes. This will assist you in building a diverse portfolio so that, in the event of a loss in one asset class, it can be offset by gains in a different asset class.

Plans for unit-linked insurance include a 5-year lock-in term. After the lock-in period, it is usually advisable to keep the investment in ULIPs.

Calculating profits from a ULIP investment requires investors to take into account the premium and the duration for which the premium is paid. Investors must compare the starting NAV and the current NAV of the scheme in order to compute absolute return, also known as point-to-point return. The steps to calculate the absolute return are listed below.

  • Add the initial NAV to the current NAV.
  • Subtract the value from the starting NAV.
  • The result acquired in step 2 is multiplied by 100 to produce a percent value.

If you invest in an average ULIP plan for at least ten years, you can expect an annual return of 10–12%. This is the main justification for why ULIPs are regarded as the best investments for long-term holders.

Each policyholder's money is collected by the insurer, who then invests it in the funds they have chosen. After the money has been invested, the total corpus is divided into "units" with a set face value. Then, according to the amount contributed, 'Units' are distributed to each investor.

A policyholder can contribute additional funds to his or her ULIP over and above the regular premiums they already pay – this is called as “Top-Up”. Paying an additional premium will raise the investment component of a successful ULIP, allowing you to benefit from it.

ULIP makes a little investment to protect your life, while the remaining funds are placed in the stock market. Policyholders in ULIP have the option of paying the premiums either monthly (regularly) or annually (single).

Terms and Conditions for ULIPs

Grace Period

  • There is a Grace Period of 30 days for the annual, half-yearly and quarterly mode, and 15 days for the monthly mode from the due date for payment of premium.
  • The policy stays in force during the Grace Period.

Partial Withdrawals

Some ULIP instruments offer you an option of partial withdrawals. There are various conditions under which this can be done, but it varies from product to product.

Rider Details

Applicable Rider Charges will be deducted from the Fund value if the Riders are chosen. There are different rider options that can enhance your protection and it is recommended that you check them out.

Free Look Period

If the policyholder does not agree to the terms and conditions mentioned in the policy document, he/she can always return the policy. This can only be done within 15-30 days of accepting the policy depending on the channel through which the policy was bought. This period is called free-look period and the insurance company should refund the premium to the policyholder.

There are a few charges which can be deducted before the refund.

Goods and Services Tax and Cess

Goods and Services Tax and Cess, as applicable shall be levied on all applicable charges as per the prevailing tax laws and/or any other laws. In case of any statutory levies, cess, duties etc., as may be levied by the Government of India from time to time. The Company reserves its right to recover such statutory charges from the policyholder(s) by deduction from the fund value.

Tax Benefit

Tax benefits are subject to conditions specified under 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.

Risk Factors:

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 /withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year from inception. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. In ULIP, the investment risk in the investment portfolio is borne by the policyholder. Please know the associated risks and the applicable charges (along with the possibility of increase in charges), from your Insurance agent or the Intermediary or policy document of the insurer. 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. 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.

Section 41-

Extract of Section 41 of the Insurance Act, 1938 as amended from time to time states: (1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. (2) Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakhs rupees.

Section 45-

Fraud and Misstatement would be dealt with in accordance with provisions of Section 45 of the Insurance Act, 1938 as amended from time to time. Please visit our website for more details: Read more about section38_39_45_of_insurance_act_1938

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. Regd. Office: 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 | Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free: 1800 209 8800 | Ref. No. KLI/22-23/E-WEB/1475
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.