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KOTAK |
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| Kotak Privileged Assurance Plan |
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| Low cost structure on an investment plus insurance package. |
| A short investment horizon. |
| Flexibility of investment amounts. |
| Protection of your hard earned money |
| Aggressive growth with calculated risks. |
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| You can choose between a regular premium payment option or a single premium payment option. |
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| In case you opt for the regular premium payment option, you may pay your premiums either annually, or in half yearly or quarterly installments. |
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| Your Kotak Term Plan can be converted into any other plan offered by Kotak Life Insurance (except for another Term plan) provided there are at least 5 years before cover ceases*. |
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| In case you forget to pay your premium by the due date, you are entitled to a grace period of 30 days from the date of unpaid premiums. |
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| Kotak Preferred Term Plan |
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You can choose between a regular premium payment option or a single premium payment option. In case you opt for the regular premium payment option, you may pay your premiums either annually, or in half yearly or quarterly installments. |
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| Your Kotak Term Plan can be converted into any other plan offered by Kotak Life Insurance (except for another Term plan) provided there are at least 5 years before cover ceases*. |
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| In case you forget to pay your premium by the due date, you are entitled to a grace period of 30 days from the date of unpaid premiums. |
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| In case of a financial emergency, you have the option to surrender the policy provided you have taken the single premium payment option |
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| The plan not only covers your life but also provides you with a survival benefit payout every 5 years. |
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| In the unfortunate event of death of life insured, the beneficiary would receive the death benefit. The death benefit keeps increases by 7% of the sum assured every year. |
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| On maturity, you would receive the sum of the Survival Benefit, Bonus addition* and Guaranteed addition |
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| Kotak Child Advantage Plan |
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On Maturity, you would receive the sum assured plus the bonus addition. Bonus addition is the amount in the Accumulation Account*, in excess of the sum assured.
The balance available in the Accumulation Account is invested in various financial instruments (as per IRDA regulations) so your money works hard to earn more for your child. |
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| The amount available in the Accumulation Account is invested in various financial instruments (as per IRDA regulations) so your money works harder for you. |
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| The Automatic Cover Maintenance facility ensures the policy remains in force even if you miss premium payments. This facility is available after the first three years of the term. |
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| You can take a loan against your policy, after the policy has been in force for at least three years. |
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| Kotak Retirement Income Plan |
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On Retirement:
You may take a lump sum in cash of up to a third of your Basic Sum Assured or Accumulation Account*, whichever is higher; and the balance of the benefit you are eligible for will be used to buy an annuity of your choice. |
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Annuity Options:
You may buy an annuity either from Kotak Life Insurance (subject to the choice and rates available at that time)**, or from any other insurer. |
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| Kotak Capital Multiplier Plan |
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| You can choose to start making withdrawals from the vesting age, subject to a maximum of 65 yrs. |
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| At the start of your withdrawal period, you can draw the full proceeds; or you can draw upto 50%, of your Basic Sum Assured or Accumulation Account*, whichever is higher. |
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| In the event that you draw the full proceeds, your policy terminates. |
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| Kotak Safe Investment Plan II |
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| If you have never invested in the equity markets, for the fear of loss of capital. With Kotak Safe investment Plan II, you need not worry about losing your capital as you have the downside risk protected by way of the Guaranteed Maturity Value. |
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| If you have been an investor in debt markets, you could switch a portion of your funds to equity markets via Kotak Safe Investment Plan II. The plan offers you the potential to earn higher returns with the safety net of a Guaranteed Maturity Value. |
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| You want a comprehensive long term solution for managing your finances. |
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| You want insurance to be an important part of your portfolio to protect your loved ones. |
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| You are cautious with investments in the equity markets due to the fear of loss of capital. You think that financial concepts require lot of time to grasp and are probably best left to the experts. |
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| If you would like to save the hassle of regular premium payments. |
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| If you would like to increase your investment amount at your convenience as per your requirement If you do not want to be tied down to a tight, pre-decided maturity schedule |
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| Kotak Premium Return Plan |
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| If you do not have a life insurance cover or are underinsured and would like to protect your family in the eventuality of you not being around yet receive all your premiums back on maturity |
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| If you would like to cover your life without any elaborate paper-work and medical tests and with premiums being automatically deducted from your account |
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