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A plan that works like a term plan, and Earns like ULIP 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 /withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year from inception.
An investment plan, customised to your needs
No one knows your requirements better than you. That’s why it is important to find the right investment avenues to meet your requirements. Keeping this in mind Kotak Life Insurance brings to you Kotak Platinum, an investment plan with nominal charges that you can customize as per your goals and requirements. With an unmatched combination of three investment strategies and flexibilities, it gives you complete control over your investments. It offers you exhaustive options to diversify your wealth so that you do not have to look for any other investment avenue.
Raunaq Shah is 35 years old, a young executive who is willing to take a little risk with his investment.
He chooses a policy term and premium payment term of 20 years with annual premium of ₹5,00,000 and a Sum Assured of ₹50,00,000
He chooses the Age Based Strategy as it offers him the flexibility to change Risk Appetite as per market movements, and starts with an Aggressive Risk Appetite and has sourced the policy through an Individual Agent.
At the end of 10 years, his cumulative premium is ₹ 5,000,000, fund value at 8%# is ₹. 68,87,502 and fund value at 4%# is ₹ 55,25,835.
At maturity, when Mr. Shah 55 years and is nearing retirement, his cumulative premium is ₹. 10,000,000 and fund value at 8%# is ₹. 2,04,58,417 and fund value at 4%# is ₹ 1,30,55,764.
This allows him to look forward to his retirement in peace.
#The values are based on assumed investment rate of return of 4% p.a. & 8% p.a. The values shown are not guaranteed and they are not upper and lower limit 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 above premium figures are net of Goods and Services Tax and Cess, as applicable. Goods and Services Tax and Cess rates are subject to change from time to time as per the prevailing tax laws and/or any other laws.
To get the best out of your money it is important to determine your investment horizon. This enables you to establish your risk-return profile and thereafter choose the funds that suit you. Kotak Platinum offers you the flexibility to choose from 3 Investment Strategies;
Self Managed Strategy: If you wish to manage your investment on your own.
Age Based Strategy: If you don’t have the time or financial expertise in managing your Investment.
Systematic Switching Strategy (SSS): If you want to avail the benefit of equity investment in a systematic manner.
Ensure that 95% to 98.5% of your premium payment is contributed to the investment you have picked, to maximise your returns.
On top of the earnings your investment brings, be rewarded with extra Survival Units at the end of 10th policy year and every 5 years thereafter. The Survival Units are equal to 2% of the average Fund Value (in the Main Account) in the immediately preceding three years.
Option of 5/7-year premium payment period for a policy term of 10 years, or 7/10-year premium payment period for policy terms of 15 to 30 years. In cases where longer payment period doesn’t suit your needs, you may also pay yearly, half-yearly, quarterly or monthly and enjoy greater flexibility in the way you invest.
Get life insurance cover to safeguard your family's well-being. Flexibility to receive maturity benefit either via lump sum payment or in instalments through Settlement Option. Choice of partial withdrawals to address your financial needs.
18 to 75 years
| Premium Payment type | Policy Term |
|---|---|
| Regular Pay | 10 to 30 years |
| Limited 5 Pay | 10 years |
| Limited 7 Pay | 10 years and 15 to 30 years |
| Limited 10 Pay | 15 to 30 years |
The minimum policy term for minors is 10 or 18 years minus age last birthday of the life insured on the date of commencement.
| Mode | Minimum Other Channels |
Maximum Premium |
|---|---|---|
| Yearly | ₹ 99,000 | No Limit |
| Half Yearly | ₹ 49,500 | |
| Quarterly | ₹ 24,750 | |
| Monthly | ₹ 8,250 |
| Age Band | Minimum | Maximum |
|---|---|---|
| Less than equal to 45 years | 7 times AP | 25 times AP |
| 46 years – 55 years | 7 times AP | 15 times AP |
| 56 years – 65 years | 7 times AP | 10 times AP |
| Age Band / Limited Pay | Minimum | Maximum | |
|---|---|---|---|
| 5, 7 & 10 Pay | 5 Pay | 7 & 10 Pay | |
| Less than equal to 45 years | 7 times AP | 15 times AP | 15 times AP |
| 46 years – 50 years | 7 times AP | 10 times AP | 15 times AP |
| 51 years – 60 years | 7 times AP | 10 times AP | 10 times AP |
AP refers to one Annualized Premium
Know more about the plan and how it can benefit you.
Tax benefits are subject to conditions specified under the 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
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 Platinum 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 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 Corporate Agent / Insurance Broker or policy document of the insurer.
All benefits payable under the Policy are subject to the Tax Laws and other financial enactments, as they exist from time to time.
Kotak Platinum UIN: 107L067V07.
This is A Non-Participating Unit-Linked Life Insurance Individual Savings Product. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale
Regd. Office:
Kotak Mahindra Life Insurance Company Ltd. Reg No. 107; CIN: U66030MH2000PLC128503; Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free: 1800 209 8800 | Ref. No. KLI/24-25/E-WEB/883
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT 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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