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Investment Plans

Kotak Wealth Optima Plan

The plan provides life insurance cover to protect your family in case of your unfortunate demise.

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Kotak Wealth Optima 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.

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

Age Criteria
Entry Age:
Min: 3 years

Max: Other than Whole life:

Regular Pay: 65 years
Limited Pay: 58 years
Whole Life: Limited pay: 50 years

Maturity Age:
Regular & Limited Pay: Min: 18 years Max: 75 years

Whole Life: Min:18 years Max: 99 years

Policy Term:
Regular Pay & Limited Pay: 10 years / 15 years / 20 years

Whole Life: 99 minus age at entry of life insured.

Premium Payment Term:





Premium Payment Mode
Yearly, Half yearly, Quarterly, Monthly

Premium
Min: Annual - Rs. 500,000 || Half-Yearly - Rs. 250,000 || Quarterly - Rs. 125,000 || Monthly - Rs. 42,000 Max: No limit

Basic Sum Assured
Other than Whole life:
i. For entry ages 3 - 60 years: Min: 10 times of AP || Max: 15 times of AP

ii. 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:

i. For entry ages 3 - 45 years: Min: 10 times of AP || Max: 15 times of AP

ii. For entry ages 46 - 58 years: Min & Max: 10 times of AP

Whole life:
i. For entry ages 3-45 years: Min: 10 times of AP || Max: 15 times of AP

ii. For entry ages 46-50 years: 10 times of AP (fixed) AP refers to one Annualized Premium

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