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A plan that works like a term plan, and Earns like ULIP Plan
Insurance and Investment in one plan.
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In this policy, the investment risk in investment portfolio is borne by the policyholder.
A Non-Participating Unit-Linked Life Insurance Individual Savings Product
“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 or withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.”
As an informed investor you value every rupee of your financial investments and would like to invest at an economical cost. You also might appreciate a systematic entry into the volatile equity market. Keeping all this in mind, we bring you Kotak Invest Maxima, an investment oriented unit-linked life insurance plan with maximum premium allocation and a Systematic Switching Strategy that allows you to enter the equity market in a systematic manner.
Zero deduction towards premium allocation charge, ensure that most of your money is invested in the funds chosen by you and returns are enjoyed over a larger portion of your premiums.
Kotak Invest Maxima offers you two portfolio strategies to choose from: 1. Self-Managed Portfolio Strategy 2. Systematic Switching Strategy
To reward long-term savings the plan will add survival units every 5 years starting from the end of 10th policy year (subject to policy being in force i.e. not in the discontinued state). Annualized / Single Premium - Rs. 50,000 to Rs. 74,999 Survival Units^ (as % of Fund Value) - 1% Annualized / Single Premium- Rs. 75,000 & Above Survival Units^ (as % of Fund Value)- 2% ^ Average of the Fund Value on the relevant date and the two preceding year ends.
You have the flexibility to opt for policy terms and premium payment terms as per your convenience. For Single Premium Payment option the policy term is fixed 10 & 15 years whereas for Regular and Limited Premium Payment terms you can choose from the fixed policy terms of 10, 15, 20, 25 and 30 years.
You can access your investment after completion of the 5th policy year by way of partial withdrawals.
Age criteria
Entry age#:
Regular Pay: Min: 0 Years* | Max: 65 years
Limited Pay: For Policy Term of 10 /15 years: Min: 0 years* | Max: 64 years
For Policy Term of 20 /25/30 years: Min: 0 years* | Max: 55 years
Eligibility
For Policy Term of 10 /15 years: Min: 0 years* | Max: 64 years.
For Policy Term of 20 /25 /30 years : Min: 0 years* | Max: 55 years.
Single Pay :
Option 1:
For Policy Term 10 years: Min: 0 years* ; Max: 45 years
For Policy Term 10 years: Min: 0 years* ; Max: 45 years
Option 2:
For Policy Term 10 years: Min: 0 years* ; Max: 65 years
For Policy Term 15 years: Min: 0 years* ; Max: 60 years
Maturity age#: Minimum: 10 years | Maximum: 75 years
Policy
Policy Term (fixed):
Regular Premium: 10, 15, 20, 25 & 30 years
Limited Premium: 10, 15, 20, 25 & 30 years
Single Premium: 10 & 15 years
Regular and Limited Premium:
| Regular Pay | Limited Pay | ||
| Upto 60 years | 61 – 65 years | Upto 53 years | 54 - 64 years |
| 10 X AP | 7 X AP | 10 X AP | 7 X AP |
Max SA:
| Regular Pay | Limited Pay(10/5 & 15/5) | Limited Pay (20/5, 25/5 & 30/5) | |||
| Age | Multiple of AP |
Age | Multiple of AP |
Age | Multiple of AP |
| 0 - 45 | 25 | 0-34 | 25 | 0-34 | 25 |
| 46-54 | 15 | 35-45 | 15 | 35-45 | 12 |
| 55-60 | 10 | 46-54 | 10 | 46-53 | 10 |
| 61-65 | 7 | 55-64 | 7 | 54-55 | 7 |
Single Premium: Option I: 5 times SP | Option II : 1.25 times SP
AP: Annualised Premium | SP: Single Premium
Premium Amount
Regular - Rs. 50,000 - Rs. 1,00,000
Limited - Rs. 75,000 - Rs. 1,00,000
Single - Rs. 2,50,000 – No Limit, subject to BAUP
Premium Payment Details
Premium Payment Term: Regular: Same as Policy Term chosen | Limited: 5 years
Premium Payment Mode: Annual and single
Top-Up Premium
Minimum: Rs. 20,000
Maximum: Total Top-Up premium paid shall not exceed the sum of all the Annualised Premiums / Single Premium paid at that point of time
1.25 X Top-Up Premium
#Ages above will be as at the last birthday
*For age 0 to 7 years, underwriting screening will apply.
Know more about the plan and how it can benefit you.
Read about Tax benefits & Plan Disclaimer
Tax benefits are subject to conditions specified as per Income-tax Act, 1961. Customer is advised to take an independent view from tax consultant.
Terms and Conditions
Risk Factors
∙ Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors.
∙ 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
∙ Kotak Mahindra Life Insurance Company Ltd. is only the name of the Insurance Company and Kotak Invest Maxima is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
∙ The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
∙ The funds offered under this contract are the name of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
∙ The past performance of other Funds of the Company is not necessarily indicative of the future performance of the funds.
∙ 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. Insurance is the subject matter of the solicitation
Kotak Invest Maxima UIN: 107L073V05; Form No: L073; Ref. No.: KLI/24-25/E-WEB/884
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
Website: https://www.kotaklife.com
WhatsApp: 9321003007
This is a non-participating unit-linked life insurance individual savings product This website content is not a brochure and 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.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI or its officials do not involve 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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