Kotak Premier Income Plan

How it works

• Mr. Verma, 35 years, is a family man who wants to plan for his future in advance

• He decides an annual premium of Rs. 100,000^*, a policy term of 19 years and a premium payment term of 10 years. Thus, Sum Assured is derived as Rs. 776, 070/-

• He continues to pay the pre-decided premium of Rs. 100,000

• He starts getting a guaranteed annual income of Rs. 108,000 from the beginning of 11th policy year till the beginning of 19th policy year.

• At maturity, he will receive accrued bonuses & terminal bonus, if any @ 4%^# to be Rs. 223,935 or @ 8% to be Rs. 859,876.

  #The assumed non-guaranteed rates of return chosen in the illustration are 4% p.a. and 8% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience may be different from the illustrated. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time.

  *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.

• In the unfortunate event of his death during the term of the policy, his nominee will receive: Sum Assured on death + accrued Simple Reversionary bonuses, if any + interim bonus, if any + terminal bonus, if any.