Kotak Invest Maxima

Kotak Invest Maxima

Unit Linked Life Assurance Plan

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

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 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.

Key features

Zero premium allocation charge

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.

Choice of portfolio strategies

Flexibility in choosing investment strategy enhances convenience and offers an investment avenue more suitable to your requirements. Kotak Invest Maxima offers you two portfolio strategies to optimise your investments:
1. Self-Managed Portfolio Strategy offers you the flexibility to invest in any of the five fund options we provide you. These fund options vary from aggressive to cautious and hence are suitable for all kinds of investors.

2. Systematic Switching Strategy allows you to participate in the volatile equity markets in a systematic and structured manner. Your fund is parked in Money Market Fund and transferredat a pre-defined rate every month into any one of the following funds:

Classic Opportunities Fund
Frontline Equity Fund
You have the option to choose Systematic Exit Strategy (SES)2, wherein during the last policy year, you will have the choice to switch out of the selected fund, i.e. you can move the amount accumulated in either Classic Opportunities Fund or Frontline Equity Fund to the Money Market Fund systematically over a 12-month period, in a similar manner as Systematic Switching Strategy.

Get rewarded for staying invested longer

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.

Choice of convenient policy term and premium payment term

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 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.

Liquidity through partial withdrawals

You can access your investment after completion of the 5th policy year by way of partial withdrawals.

Eligibility

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

Single Pay :

Option 1: Min: 0 years* | Max: 43 years

Option 2: Min: 0 years* | Max: 65 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 years





Premium Amount
Regular - Rs. 50,000 - Rs. 1,00,000, Limited - Rs. 75,000 - Rs. 1,00,000, Single - Rs. 1,00,000 - Rs. 2,50,000

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

Top-Up Sum Assured
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.