Kotak Wealth Optima Plan

Individual, Unit-Linked, Non-Par, Endowment Life Insurance 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 or withdraw the monies invested in Unit Linked Insurance Products completely or partially during lock-in period i.e. till the end of first five years.

Kotak Wealth Optima Plan is a protection and savings oriented unit linked insurance plan. The plan provides life insurance cover to protect your family in case of your unfortunate demise. It also provides the flexibility of choosing premium payment term, investment strategy and investment horizon.

How it works

Shivani is 35 years old, business woman.
She chooses a policy term of 20 years and premium payment term of 7 years with annual premium of Rs. 10,00,000 and a Sum Assured of Rs. 1,00,00,000.
She chooses the Age Based Strategy as it offers her the flexibility to change Risk Appetite as per market movements, and starts with an Aggressive Risk Appetite
At the end of 10 years, her cumulative premium is Rs. 70,00,000, fund value at 8%#is Rs.1,08,11,092 and fund value at 4%#is Rs. 82,31,060.
At maturity, her cumulative premium is Rs. 70,00,000 and fund value at 8%#is Rs. 2,17,92,568 and fund value at 4%#is Rs. 1,13,36,810.

#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.

Key Features

Option to be covered for whole life

Stay protected till age 99 years
Choice of two Investment Strategies

This plan enables you to choose the funds that suit your risk-return profile. It offers you the flexibility to choose from 2 Investment Strategies: (1) Self-Managed Strategy and (2) Age Based Strategy.
Enhances fund growth through Yearly Additions post Lock-in period

Yearly Additions starts accruing from the end of 6th policy year (subject to policy being in force) till the end of the policy term.
Boosts long term savings through Wealth Boosters

Wealth Boosters starts every 5 years starting from the end of 10 policy year (subject to policy being in force)
Option of additional protection through optional riders

Increase your protection cover with the two optional riders

Eligibility

Maturity Age:

Regular & Limited Pay: Min: 18 years | Max: 75 years

Whole Life: Max: 99 years

Note: The minimum policy term will be equal to the smallest available term to ensure that the Life Insured is a Major at the time of maturity. For example, if the Life Insured’s age is 7, minimum policy term available would be 12 years
Policy Term:

Other than Whole Life: Regular Pay & Limited Pay: 10 years / 15 years / 20 years Whole Life: 99 minus age at entry of life insured.

Premium Payment Term

Regular

Other than Whole Life Policy Term Premium Paying Term

10 10

15 15

20 20

Whole Life Not Applicable

Limited

Other than Whole Life Policy Term Premium Paying Term

10 5/7

15 5/7/10

20 5/7/10

Whole Life 99 - age at Entry 5/7/10 or 60 – age at Entry
Premium Payment Mode

Yearly, Half yearly, Quarterly, Monthly

Premium

Min: Annual – Rs. 200,000 || Half-Yearly – Rs. 100,000 || Quarterly – Rs. 50,000 || Monthly – Rs. 16,000 Max: No limit
Basic Sum Assured

Regular Pay:

Other than Whole life:

• For entry ages 3 - 60 years: Min: 10 times of AP || Max: 15 times of AP

• For entry ages 61 - 65 years: Min & Max: 10 times of AP

Regular pay is not applicable under Whole life.

Limited Pay:

Other than Whole life:

• For entry ages 3 – 45 years: Min: 10 times of AP || Max: 15 times of AP

• For entry ages 46 – 58 years: Min & Max: 10 times of AP

Whole life:

• For entry ages 3-45 years:

Min: 10 times of AP

Max: 5 Pay - 12 times of AP

7 Pay | 10 Pay | 60 minus age at entry – 15 times of AP

• For entry ages 46-50 years:

Min: 10 times of AP (fixed)

Max: 5 Pay | 7 Pay | 10 Pay | 60 minus age at entry – 10 times of AP (fixed)

AP refers to one Annualized Premium

Other than Whole Life	Policy Term	Premium Paying Term
10	10
15	15
20	20
Whole Life	Not Applicable

Other than Whole Life	Policy Term	Premium Paying Term
10	5/7
15	5/7/10
20	5/7/10
Whole Life	99 - age at Entry	5/7/10 or 60 – age at Entry

Additional Protection with Optional Riders

Kotak Accidental Death Benefit Rider

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.
Kotak Permanent Disability Benefit Rider

In case of Total and Permanent disability of the life insured due to accident, the Rider Sum Assured is payable and the base policy continues

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

Click Here

Read about Tax benefits & Plan Disclaimer

Tax benefits is applicable as per 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 Wealth Optima Plan 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.

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.

Kotak Wealth Optima Plan UIN: 107L118V03, Form No: L118, Kotak Accidental Death Benefit Rider (Linked) UIN – 107A017V01 Form No: A017, Kotak Permanent Disability Benefit Rider (Linked) UIN – 107A018V01 Form No: A018, Ref No.: KLI/21-22/E-WEB/1112

This is a unit linked non-participating endowment 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.

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd. Reg. No. 107; CIN: U66030MH2000PLC128503 Regd. Office: 8^th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai -400051 | Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free: 1800 209 8800

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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