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Kotak T.U.L.I.P

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A Non-Participating Unit Linked Endowment Plan

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

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.

A High Sum Assured Investment plan, customized to your needs

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!

How it works

  • ​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.​

  • ​Managed Strategy, 100% allocation in Kotak Mid Cap Advantage Fund (ULIF054150923MIDCAPFUND 107).

    End of year Age (in years) Cumulative Premium (Rs.)
    Benefits at 4%# p.a
    Benefits at 8%# p.a
    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 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.

Key Features

  • 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

Eligibility

  • Eligibility

    Entry Age#

    Min: 18 years

    Max: 60 years

    Maturity Age#

    Min: 48 years

    Max: 100 years

  • Eligibility

    Policy Term

    30 to 40 years

    Premium Payment Term

    Limited Pay: 10 / 12 / 15 years

    Regular Pay: Same as Policy Term

  • Eligibility

    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)

  • Eligibility

    Basic Sum Assured

    Min : 7times of Annual Premium

    Max : No Limit, as per BAUP

  • Eligibility

    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

Additional Protection with Optional Riders

  • Additional Protection with Optional Riders

    Kotak Accidental Death Protection Rider (Linked) UIN-107A021V01:

    The Rider Sum Assured shall be paid in case of an unfortunate demise of the life insured due to accident, in addition to the death benefit as per the base plan

    Download
  • Additional Protection with Optional Riders

    Kotak Critical Illness Benefit Rider (Linked) UIN-107A022V01

    In 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

    Download

Need help for paying premium?

Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

Call our toll free number and our representative will help you buy the most suitable term insurance plan.

Get details of your policy on our WhatsApp

Say "Hi" to 93210 03007

Get in touch with our Customer Care team

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Read about Tax benefits & Plan Disclaimer

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

  • 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 T.U.L.I.P 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.

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.

Kotak T.U.L.I.P UIN: 107L131V01 Form No.: L131; Kotak Accidental Death Protection Rider (Linked) UIN:107A021V01, Form No.: A021. Kotak Critical Illness Benefit Rider (Linked) UIN:107A022V01 Form No.: A22.

This is a non-participating unit linked endowment plan. This product is available for sale through online mode. The sales brochure gives only the salient features of the plan. 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/23-24/E-WEB/2176

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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