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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.
Kotak T.U.L.I.P
Term with Unit Linked Insurance Plan
A Non-Participating Unit–Linked Life Insurance Individual Savings Product
“The 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”
While you wish to live your life at fullest without any worries of uncertainties but life is always uncertain and living the life you wish is nothing less than a dream.
But now it’s real to chase your dreams without a worry with our Term with Unit Linked Insurance Plan – Kotak T.U.L.I.P. It’s not just insurance; it’s your family’s financial fortress. Your financial future is unique, and Kotak T.U.L.I.P is here to make it bright. It’s more than a savings; it’s your ticket to peace of mind and prosperity!
Introducing Kotak Manufacturing Fund available exclusively with Kotak T.U.L.I.P
Mr. Pravin Shah is a 35-years old business person who lives with his wife and children. His primary goal is to create financial protection for his family and as an astute business person he also wants to invest his money with the objective to create a substantial corpus for his retirement years. He therefore requires a plan that is not only protection efficient but also gives possible upside on the investments to safeguard his future goals.
Kotak T.U.L.I.P is the perfect solution for him which gives him adequate life cover along with market linked returns and unparalleled flexibilities of Investment Strategies and Partial Withdrawal option to control over his finances.
Given below is an illustration of the benefits payable to Mr. Shah for a Policy Term of 40 years and Premium Payment Term of 10 years paying Rs. 2lakh p.a. and Basic Sum Assured of Rs. 1 cr. with Self Managed Strategy, 100% allocation in Kotak Manufacturing Fund (ULIF055191124MANUFACFND107)
| End of year | Age (in years) | Cumulative Premium (Rs.) | ||||
| Fund Value (Rs.) | Death Benefit (Rs.) | Fund Value (Rs.) | Death Benefit (Rs.) | |||
| 0 | 35 | 2,00,000 | 1,61,583 | 1,00,00,000 | 1,68,052 | 1,00,00,000 |
| 10 | 45 | 20,00,000 | 20,13,905 | 1,00,00,000 | 25,05,231 | 1,00,00,000 |
| 20 | 55 | - | 22,34,343 | 1,00,00,000 | 43,37,182 | 1,00,00,000 |
| 40 | 75 | - | 45,36,731 | - | 2,06,65,235 | - |
Note: The above illustration is an extract of a separate, more detailed benefit illustration. For full details, please refer to the Benefit Illustration. The above figures are net of Goods and Services Tax and Cess, as applicable (For further details on GST, please refer to Terms and Conditions). 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. The above illustration is for a healthy individual.
#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.
Option to choose a High Sum Assured multiple to offer significant life cover
2X Return of Premium Allocation Charges from end of 10th policy year onwards
Up to 3X Return of Mortality Charges on survival starting from 11th policy year onwards
Loyalty additions as a reward for staying invested to enhance your maturity value on maturity.
Flexibility to pay premium for limited duration or throughout the policy term
Enhance your protection through Rider options
Option to choose from multiple investment strategies
Entry Age#
Min: 18 years
Max: 60 years
Maturity Age#
Min: 48 years
Max: 100 years
Policy Term
30 to 40 years
Premium Payment Term
Limited Pay: 6 / 7 / 8 / 9 / 10 / 12 / 15 years
Regular Pay: Same as Policy Term
Mode
Yearly, Half-yearly, Quarterly and Monthly
Premium Level
Min: Rs. 1,00,000 p.a. (Annual Mode); Rs. 1,20,000 p.a. (other modes)
Basic Sum Assured
Min : 7times of Annual Premium
Max : No Limit, as per BAUP
Top-Up Premium
Min – Rs. 10,000
Max – The total Top-Up premium paid shall not exceed the sum of all the regular premiums paid at that point of time.
#Ages above will be as on the last birthday
In addition to the death benefit as per the base plan the Rider Sum Assured is payable in case of an unfortunate demise of the life insured due to accident*.
DownloadIn case of Life Insured is diagnosed with any of the listed 37 critical illness, the Rider Sum Assured shall be payable and the base policy continues.
*Accident is defined as “a sudden, unforeseen and involuntary event caused by external, visible and violent means”.
*Accident is defined as “a sudden, unforeseen and involuntary event caused by external, visible and violent means”.
Tax Benefits:
Tax benefits are subject to conditions specified under the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. You are advised to take an independent view from your tax consultant.
Risk Factors:
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.
Kotak T.U.L.I.P UIN: 107L131V03; Kotak Accidental Death Protection Rider (Linked) UIN:107A021V02, Kotak Critical Illness Benefit Rider (Linked) UIN:107A022V02.
This is a non-participating unit linked Life Insurance Individual Savings Product. This product is available for sale through online mode. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure.
Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com I WhatsApp: 9321003007 | Toll Free No:1800 209 8800 | Ref. No. KLI/24-25/E-WEB/1390
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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