Kotak Assured Savings Plan

A Non-Participating Endowment Assurance Plan

Take confident steps towards your financial goals. Life insurance policies are more than just modes of protection. They can also play an active role in helping you reach your financial goals. Kotak Assured Savings Plan enables you to accumulate wealth and strengthens your finances for the future. It not only offers you affordable protection but also helps accumulate enough wealth to help achieve your financial goals through guaranteed^@ benefits.

How it works

Mr. Shetty 35-year-old family man who buys Kotak Assured Savings Plan, he chooses a premium payment term of 10 years for a policy term of 15 years. He pays an annual premium of Rs. 1,00,000*
He determines the Basic Sum Assured as per Premium, Policy Term, Premium Payment Term and his age.
Premium payment term expires and the policy continues till maturity.
At maturity, Mr. Shetty receives Guaranteed^@ Maturity Benefit of Rs. 16,85,411 which is Sum of Basic Sum Assured of Rs. 9,46,176 + Accrued Guaranteed^@Yearly Additions of Rs. 5,50,000 + Guaranteed^@Loyalty Addition of Rs. 1,89,235
Mr. Shetty nominates his wife. In case of an unfortunate event of Mr. Shetty’s death during term of the plan, she would receive Basic Death Benefit + Guaranteed^@Yearly Additions accrued as on the date of death.

* The above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.

Key Features

Guaranteed^@ Maturity Benefit: Payable at maturity

Get Basic Sum Assured PLUS Accrued Guaranteed^@ Yearly Additions PLUS Guaranteed^@ Loyalty Addition
Get increasing life cover

Enjoy Guaranteed^@ Yearly Additions added every time you pay the premium - payable at maturity or death, whichever is earlier.
Enjoy higher benefits with longer premium commitment

Get increased Guaranteed^@ Yearly Additions and Guaranteed^@ Loyalty Addition with increase in Premium Payment Term (PPT)
Get more value for money

Through high premium benefit leading to higher Basic Sum Assured
Enhanced protection

Through a wide range of Riders
Note: Riders shall not be available for policies purchased through POS distribution channel.
Enjoy tax benefit

as per applicable tax laws

Eligibility

For All Channels (except POS)

For POS Channel

Entry Age (as on last birthday)

Min : 3 Year
Max: 60 Years

Min : 3 Years
Max: 65 Years less Policy Term

Maximum Maturity Age (as on last birthday)

Min : 18 Years
Max: 75 Years

Min : 18 Years
Max: 65 Years

Policy Term & Premium Payment Term (PPT)

PPT	5 Pay	6 Pay	7 Pay	10 Pay
Policy Term	10 \| 15 years	12 \| 18 years	14 \| 20 years	15 \| 20 years

Determined on the basis of minimum premium amount, entry age, policy term and PPT

Example: For Rs. 20,000 annual premium, following shall be the Basic Sum Assured for entry ages 3 & 50 years:

Minimum Basic Sum Assured
	Age	Policy Term	Premium Payment Term	Basic Sum Assured (Rs.)
	3 years	15 years	5 years	1,57,806
	3 years	20 years	10 years	3,08,244
	50 years	15 years	10 years	1,76,238

Basic Sum Assured is calculated considering channel as Individual Agents

For details, please refer to the premium calculator on the website.

Maximum Basic Sum Assured Determined on the basis of minimum premium amount, entry age, policy term and PPT subject to UW Rules Rs. 25,00,000

Maximum Basic Sum Assured	Determined on the basis of minimum premium amount, entry age, policy term and PPT subject to UW Rules	Rs. 25,00,000

Annualized Premium	Min: Rs. 20,000 Max: No limit, subject to underwriting	Min: Rs. 20,000 Max: Rs. 1,50,000
Premium Payment Mode	Yearly, Half-yearly, Quarterly, Monthly
Premium Payment Option	Limited only
Premium Modal Factor (% of annualized premium)	Yearly - 100% , Half yearly - 51% , Quarterly - 26% , Monthly - 8.8%

Additional Protection with Optional Riders

Kotak Term Benefit Rider

In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.
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Kotak Accidental Death Benefit Rider

In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.
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Kotak Permanent Disability Benefit Rider

In case of life insured being permanently disabled due to accident, benefit is paid in installments.
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Kotak Life Guardian Benefit Rider

In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.
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Kotak Accidental Disability Guardian Benefit Rider

In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.
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Kotak Critical Illness Plus Benefit Rider

Rider Sum Assured shall be paid in part or whole, in case the Life Insured is diagnosed with any of the 37 Critical Illnesses (subject to terms and conditions)
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Enter a few details to calculate your premium instantly.

Calculate premium

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Download the brochure to know more about the plan and how it can benefit you.

Read about Tax benefits & Plan Disclaimer

Note: Riders shall not be available for policies purchased through POS distribution channel.

Tax Benefits & Disclaimers

Tax benefits are subject to conditions specified 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.

Terms & Conditions

Kotak Assured Savings Plan UIN: 107N081V06, Form No: N081. Kotak Term Benefit Rider - 107B003V03, Form No. B003, Kotak Accidental Death Benefit Rider UIN: 107B001V03, Form No.: B001, Kotak Permanent Disability Benefit Rider UIN: 107B002V03, Form No.: B002, Kotak Life Guardian Benefit Rider - 107B012V02, Kotak Accidental Disability Guardian Benefit Rider - 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020. This is a savings-cum-protection oriented non-participating endowment assurance 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. This product is available for sale through online mode. POS variant of this product will be available without medical examination of Life Insured. ^@Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force. Ref. No.: KLI/24-25/E-WEB/115

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
Website: www.kotaklife.com
WhatsApp: 9321003007

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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