Kotak Ace Investment

Kotak Ace Investment

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

The choices you make today will impact your life tomorrow. So if you choose an insurance plan that offers you investment strategies along with convenient payment options you can ensure efficient wealth creation. Kotak Ace Investment is an investment plan that is designed with the clear objective of helping you accumulating wealth and providing you adequate life cover.

How it works

Amit Kaul is a 35-year-old businessman looking to invest his growing wealth and also ensure his family's financial independence and security.

He chooses Kotak Ace Investment Plan to invest in funds of his choice and enjoy adequate protection too!

He decides on an annual premium of Rs. 50,000*, policy term and premium payment term of 20 years, and a Sum Assured of Rs. 5,00,000 under Self Managed Strategy with 100% investment in Classic Opportunities Fund.

At the end of 10 years, the cumulative premium is Rs. 500,000 and fund value at 8%** is Rs. 6,62,265 and fund value at 4%** is Rs.5,31,601

At maturity after 20 years, when he is 55 years of age, his fund value at 8%** is Rs. 19,01,130 and fund value at 4%** is Rs. 12,18,121.

The corpus allows him to lead a comfortable life as he approaches retirement.

*The above 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.

**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 returns, they have been shown for illustrative purpose only.

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 Ace Investment 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.

Flexible payment period
Option of 5-year premium payment term for a policy term of 10 years, or 10-year premium payment term for policy terms of 15, 20, 25 and 30 years In cases where longer payment period doesn't suit your needs, you may also choose to pay yearly, half-yearly, quarterly or monthly - giving you even greater flexibility in the way you invest.

Add more to your savings through Top-Up
Invest your surplus funds as Top-Ups and add to your savings potential. You can also enjoy Top-Up Sum Assured that adds to your existing cover.

Get easy access to investment
Make partial withdrawals after the 5th policy year. Receive the full Fund Value in a lump sum or periodic payouts after maturity. Thus, in the event of financial contingencies, your money is easily accessible and not locked away in a savings plan.

Other advantages
Get life insurance cover that safeguards your family's well-being. 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 | 15 | 20 | 25| 30 years

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 / 20 / 25 / 30 years

Premium (Rs.)
Regular Pay: Minimum: Yearly: 30,000, Half-Yearly: 18,000, Quarterly: 9,000 & Monthly: 3,000.
Maximum: No limit
Limited Pay: Minimum: Yearly: 50,000, Half-Yearly: 30,000, Quarterly: 15,000 & Monthly: 5,000.
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