Kotak Platinum Plan

Kotak Platinum Plan

A Unit Linked Life Insurance Plan

An investment plan, customised to your needs

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 withdraw/surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.

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.

How it works

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 Rs. 5,00,000 and a Sum Assured of Rs. 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

At the end of 10 years, his cumulative premium is Rs. 5,000,000, fund value at 8%# is Rs. 68,67,760 and fund value at 4%# is Rs. 55,08,767.

At maturity, when Mr. Shah 55 years and is nearing retirement, his cumulative premium is Rs. 10,000,000 and fund value at 8%# is Rs. 2,04,20,212 and fund value at 4%# is Rs. 1,30,33,087

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.

Key features

Capitalize on unmatched options of three Investment Strategies to build a substantial corpus
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.

Minimum charges, maximum earnings
Ensure that 95% to 98.5% of your premium payment is contributed to the investment you have picked, to maximise your returns.

Keep earning with additional Survival Units
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.

Flexible payment period
Option of 5-year premium payment period for a policy term of 10 years, or 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.

Other advantages
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. Enhance protection with Accidental Death and Permanent Disability Benefit Rider.

Eligibility

Age criteria
Entry Age: 0 to 65 years (60 years for limited pay)

Maturity Age
18 to 75 years

Policy Term
10 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.

Premium Payment Mode
Yearly / half-yearly / quarterly / monthly

Premium Payment Term
Regular: Equal to the policy term.

Limited: 5-year payment with policy term of 10 years | 10-year payment with policy term of 15 to 30 years

Premium
Minimum: Annual: 99,000, Half-yearly: 49,500, Quarterly: 24,750, Monthly: 8,250
Maximum: No Limit





Top-Up Premium
Minimum: 10,000
Maximum: The total Top-Up premium paid shall not exceed the sum of all the regular premiums paid at that point of time

Top-Up Sum Assured : 1.25 X Top-Up Premium