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Kotak Premier Moneyback Plan

A Savings cum Insurance Plan

Protect your today to secure your tomorrow. We aspire to offer our loved ones everything that they dream for, as much as we wish to secure them. Be it in their professional lives or personal lives, their happiness and protection is our ultimate aim. That is why Kotak Life Insurance offers Kotak Premier Moneyback Plan, a unique plan that blends savings and protection. It is a limited pay plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and let you offer the best to your family.

How it works

  • insurence plan

    30 year old VarunVermachooses a Basic Sum Assured of 5 lakhs with a policy term of 20 years and premium payment term of 10 years which are his prime working years

  • insurence plan

    He gets regular cash backs as percentage of the Basic Sum Assured (BSA) at equal intervals depending on the policy term chosen allowing him to care for his family at prime life stages

  • insurence plan

    In his first interval of 5 years (at the age of 35 years), his Cumulated Annualized Premium stands at Rs. 2,93,375/-* and 1st Survival Benefit is Rs. 1,00,000/-**

    * 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. **Subject to policy being in force.

  • insurence plan

    And so on for every 5-year interval as per the relevant rates

  • insurence plan

    He gets the balance Sum Assured at maturity. The Maturity Benefit at age 50 years will be Rs. 8,12,000 @8%# and Rs. 4,23,500 @4%#.

  • insurence plan

    #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. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. Reversionary Bonus and Terminal Bonus have been calculated at the assumed non-guaranteed rates of return of 4% p.a. & 8% p.a.

Key Features

  • Regular payouts at specific intervals throughout the terms

    Regular payouts at specific intervals throughout the terms

    Get regular cash backs* as percentage of the Basic Sum Assured at equal intervals depending on the policy term chosen

  • Lump sum Maturity Addition

    Lump sum Maturity Addition

    Along with the final payout at the end of the policy term, get a lump sum benefit depending on the policy term chosen

  • Enhanced death cover with additional payout on accidental death

    Enhanced death cover with additional payout on accidental death

    In addition to the basic death benefit, on death due to accident get an assured additional sum

  • Earn bonuses from 1st year onwards

    Earn bonuses from 1st year onwards

    Bonuses may be declared on the plan from the end of 1st policy year onwards

  • Additional protection through optional riders

    Additional protection through optional riders

    Choose from four rider options to increase the protection levels

Eligibility

  • Eligibility

    Age criteria

    • Entry Age:
    • Minimum: 2 yrs
    • Maximum: 57 yrs for 16 yr term | 55 yrs for 20 yr term | 51 yrs for 24 yr term
  • Eligibility

    Maximum Maturity Age

    • 75 years
  • Eligibility

    Policy Term

    • 16 years | 20 years | 24 years
  • Eligibility

    Sum Assured

    • Minimum: 1.5 lacs
    • Maximum: No Limit, subject to underwriting acceptance
  • Eligibility

    Premium Levels

    • Minimum: Depends on Minimum Sum Assured
    • Maximum: Depends on Sum Assured levels
  • Eligibility

    Premium Payment Term

    • Limited Pay
    • 8 yrs for 16 yr term | 10 yrs for 20 yr term | 12 yrs for 24 yr term
  • Eligibility

    Payment Mode

    • Yearly, Half yearly, Quarterly, Monthly
  • Eligibility

    Premium Modal Factor

    • The following modal loadings will be used to calculate the instalment Premium
    • Yearly - 100% , Half yearly - 51% , Quarterly - 26% , Monthly - 8.8%

Additional Protection with Optional Riders

  • Additional Protection with Optional Riders

    Kotak Term Rider

    Allows additional death cover over and above the base plan's Death Benefit.

    Download
  • Additional Protection with Optional Riders

    Kotak Life Guardian Benefit Rider

    Remaining premiums will be paid by the KLI on behalf of the policyholder in case of his / her death.

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  • Additional Protection with Optional Riders

    Kotak Accidental Disability Guardian Benefit Rider

    Remaining premiums paid by the KLI on behalf of the policyholder in case of accidental disability.

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  • Additional Protection with Optional Riders

    Kotak Critical Illness Plus Benefit Rider

    Rider sum assured shall be payable in part or whole, in case the Life Insured is diagnosed with any one of the 37 critical illnesses (subject to terms & 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 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.

Terms & Conditions

This is a participating anticipated 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 details on riders, please refer to the Rider Brochure.

Benefits under this plan are dependent upon the performance of the participating Funds. Please note that bonuses are not guaranteed and may be declared by the Company from time to time.

Kotak Premier Moneyback Plan UIN: 107N083V01 Form No. N083, Kotak Term Rider- : UIN No.: 107B003V03 Form No. 003, Kotak Life Guardian Benefit Rider – UIN: 107B012V02, Form No. 012, Kotak Accidental Disability Guardian Benefit Rider – UIN: 107B011V02 Form No: N011, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01 From No. 020. Ref. No.:KLI/19-20/E-WEB/335

Regd. Office:

Kotak Mahindra Life Insurance Co. 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.

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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