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Kotak Premier Endowment Plan

Non Linked Participating Endowment Plan

Your dreams for your family are important to you. But only regular and long term savings can ensure their fulfillment. We understand this and that is why we provide a great start to your savings with Kotak Premier Endowment Plan. It has Guaranteed Additions in the first 5 policy years. After all, isn’t well begun half done? But that’s not it; the plan works to provide you a corpus for your dreams through continued bonuses. In fact, it is just what you need, for your dreams to come alive.

Key Features

  • @Guaranteed Additions

    @Guaranteed Additions

    In the first 5 policy years, Guaranteed Additions at 5% p.a. (simple) of Basic Sum Assured will accrue; payable either on maturity or on death whichever is earlier.

  • Earn bonus from 6th policy year onwards

    Earn bonus from 6th policy year onwards

    Bonuses start accruing from 6th year onwards.

  • Convenience to select from multiple options of premium payment term

    Convenience to select from multiple options of premium payment term

    Get the flexibility of paying regular premiums or limited premium payment for 5, 7, 10 or 15 years for various Term combinations.

  • Additional Protection through optional riders

    Additional Protection through optional riders

    Choose from 7 seven riders to increase the protection levels. *Subject to the policy being in force

Eligibility

  • Eligibility

    Age criteria

    • Entry age: Minimum: 18 years | Maximum: 60 years
    • Maturity age: Maximum: 70 years
  • Eligibility

    Policy

    • Policy Term: Regular Pay: 10-30 years | Limited Pay: 5 Pay: 10 to 30 years | 7 Pay & 10 Pay: 15 to 30 years | 15 Pay: 20 to 30 years
  • Eligibility

    Basic Sum Assured on maturity

    • Depends on minimum premium chosen, as mentioned above
    • For example: In a Regular Premium plan with 8,000 annual premium, following would be the Sum Assured for entry ages 18 & 60 yrs:
    Age Policy Term Sum Assured
    18 yrs 10 yrs ` 63,755
    18 yrs 30 years ` 2,00,904
    60 yrs 10 yrs ` 61,317

    Similarly, minimum Sum for the limited premium payment term and policy term combinations are available. For details, please refer to the Calculator on our website.

  • Eligibility

    Premium

    • Minimum: Regular Pay: Rs. 8,000 | Limited Pay: Rs.15,000
  • Eligibility

    Premium Payment Details

    • Premium Payment Term (PPT): Regular Pay: Equal to Policy Term | Limited Pay: 5,7,10 & 15 years
    • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
  • Eligibility

    Modal Factor (% of annual premium)

    • Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%

Additional Protection with Optional Riders

  • Additional Protection with Optional Riders

    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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  • Additional Protection with Optional Riders

    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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  • Additional Protection with Optional Riders

    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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  • Additional Protection with Optional Riders

    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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  • Additional Protection with Optional Riders

    Kotak Term Benefit Rider

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

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  • Additional Protection with Optional Riders

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

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

You may avail of tax benefits under Section 80C, 80D and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections.Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Goods and Services Tax shall be levied over and above premium amount shown here as per applicable tax laws.

Terms & Conditions

This is a savings-cum-protection oriented participating 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.For more details on riders please read the Rider Brochure. Please note that Bonuses are NOT guaranteed and may be declared by the company from time to time.

@Guaranteed if policy is in force and all the premiums are paid

Kotak Premier Endowment Plan UIN: 107N079V03, Form No: N079; Kotak Term Benefit Rider UIN: 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 Critical Illness Plus Benefit Rider UIN: 107B020V01, Form No.: B020, Kotak Life Guardian Benefit Rider UIN: 107B012V02,Form No.: B012, Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02, Form No: B011. Ref. No: KLI/19-20/E-WEB/329 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: https://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.

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