Kotak Retirement Income Plan

A pension builder plan with life insurance options.

"What is the Kotak Retirement Income Plan?"

The Kotak Retirement Income Plan is a savings plan designed to meet your post-retirement needs. It is a plan that gives you "Jeene ki azaadi". It gives you the choice to remain independent even after retirement.
The Kotak Retirement Income Plan is a participating plan. The plan comes in two forms:
(i) With Cover (ii) Without Cover.

"Who can avail of the Kotak Retirement Income plan?"

How old do you have to be to avail of this plan?
Minimum age - 18 years
Maximum age - 60 years

For what term can you choose to pay the premiums?
5 yrs - 30 yrs

How old do you have to be to receive your annuity?
Minimum Age - 45 yrs
Maximum Age - 65 yrs

At what intervals can you pay the premium?
Quarterly
Half Yearly
Annually

Kotak Safe Investment Plan II

Stock market gains, with your investment protected.

Introducing the Kotak Safe Investment Plan II. In a nutshell, it’s an interesting investment opportunity for you, where you buy an insurance plan from us, we invest your money in the capital market, and you get the returns from the market. All gains from the markets are yours to take and in case the markets do not perform well, you would still get back the guaranteed sum assured. Sounds interesting. Read on.

"What is Kotak Safe Investment Plan II ?"

Kotak Safe Investment Plan II is an opportunity to invest in the capital markets and gain market linked, tax-free returns. The plan assures you of a minimum guaranteed amount in case of death or on maturity. Thus, while it invests your money in capital markets, and gives you an opportunity to make high returns, it protects your downside. What’s more, these returns are tax-free to you.

When you avail of this plan, the premiums paid, net of charges, are converted into units and invested in any or a combination of funds selected by you. This plan offers you a choice of five professionally managed funds to invest your money.

Guaranteed Money market Fund - The portfolio will consist of Money market investments such as treasury bills, commercial paper, certificates of deposit, short-term deposits, bills of exchange, debentures, bonds and Government securities etc.

Short term Investments such as Money market instruments, short term bank deposits, call money and cash

Minimum 100%
Maximum 100%

Guaranteed Gilt Fund - The portfolio will primarily consist of Government securities and infrastructure debt assets as defined in the IRDA regulations as per the following indicative investment pattern.

Guaranteed Bond Fund - The portfolio will consist of highly rated debt instruments including corporate debt and infrastructure debt assets as defined in the IRDA regulations, Government securities and short-term investments

Kotak Flexi Plan

As you move through different stages in life, your financial priorities will change. When you are young, you may wish to invest more into investment products. As you grow older and as responsibilities increase, you may want to increase the amount that you set aside for insurance, to protect your family against uncertainties. We at Kotak Life Insurance understand the importance of flexibility in an insurance plan. Hence, we bring to you the Kotak Flexi Plan.

"What is the Kotak Flexi Plan?"

An investment cum insurance plan that can be customized to meet your constantly evolving needs. While on one hand it lets you decide the amount of insurance cover that you want, on the other hand, it invests a portion of the premium in the capital markets to ensure that your money works hard for you.

At the same time the plan ensures that you have enough flexibility to meet your financial objective of savings and protection, both through this single plan. The plan gives you the option to add lump sum injections, when you want. And what’s more it offers you the flexibility to withdraw your funds in part or in full.

Plan Description
When you invest in the plan, you have the flexibility to choose the portion of your money that should go towards providing your insurance cover, and the portion that should go towards the investment corpus.

Maturity Benefit: You have the option to choose the sum assured that you would want on maturity. This sum assured would be referred to as the maturity sum assured or SA1. Portion of the premium corresponding to this amount would be referred to as the investment premium or P1.
On maturity, you would receive either the SA1 (which is guaranteed), or the market value of units, whichever is higher.

Death Benefit: The plans offer you the flexibility to decide the amount of insurance cover that you want. The amount of insurance cover selected would be referred to as the insurance sum assured or SA2. Portion of the premium corresponding to SA2 would be referred to as the insurance premium or P2.
In the unfortunate event of death of the life insured, the beneficiary would receive SA2 plus the market value of the units, less unpaid P2 premiums.

Flexibility in SA2: During the term of the plan, your need for life insurance cover may change. You may need increased protection when you take up additional liabilities or when your financial responsibilities change. For e.g.:

• Avail of a home loan / personal loan
• Get married
• Birth of your child or child’s education

Alternatively, on occasions such as closure of loans, children becoming independent and so on, your liabilities will decrease. With Kotak Flexi Plan you have the option of altering your cover as per your needs.

Alteration in SA2 will be allowed at each policy anniversary, as per rules of the company then in force. Increase in SA2 may call for additional underwriting.

Lump Sum Injection: There are times when you have excess surplus funds. You may want to invest this amount into the capital market and gain more. The plan allows you to make lump sum injection into the Supplementary Account, without affecting the sum assured.
Supplementary Account is a separate account that will be set for lump sums that you inject from time to time.

Part Withdrawal: The plan gives you option to withdraw your funds in part, by liquidation of your units. The table given below illustrates the amount payable (net of charges) for every Rs.100 of part withdrawal.

*Main Account is the account in which units bought from P1 (net of charges) is held on your behalf, in the Fund specified by you.

When you request us for withdrawals, we would first liquidate units from your Supplementary Account. And only if need be, would your Main Account be liquidated. Part withdrawals from the Main Account will lead to a proportionate reduction in SA1.

Kotak Easy Growth Plan

Money doesn’t grow on it’s own unless we put it to work. We know that funds sitting in a savings account typically don’t earn you too much interest. But what if a conventional insurance plan does not suit your needs. Perhaps you don’t want to have your money locked in because you don’t know when you will need funds or don’t even want to go through the trouble of regular premiums for a fixed tenure.

Opt for the Kotak Easy Growth Plan.

"What is Kotak Easy Growth Plan?"
Kotak Easy Growth Plan is an investment cum insurance plan.

You can look at it as a no-fuss investment plan that earns efficient returns on your money, without binding you to a tight maturity date. All you do is make a one-time premium payment and let us invest it for you, till you need it. Against the premium amount (net of charges), we will allocate units, which will be invested in any or a combination of these 5 professionally managed funds, listed below.

The plan provides you with a life insurance cover wherein you have the option to choose between two levels of insurance cover offered*.
*Discussed later in details

Dynamic Gilt Fund:
The portfolio will primarily consist of Government securities and infrastructure debt assets as defined in the IRDA regulations as per the following indicative investment pattern.

Dynamic Bond Fund:
The portfolio will consist of highly rated debt instruments including corporate debt and infrastructure debt assets as defined in the IRDA regulations, Government securities and short term investments.

Kotak Premium Return Plan

Be Triple Rewarded. Protection.Returns.Convenience.

This plan is a sure and secure insurance option without the hassles or worries of a conventional insurance plan. With minimal paperwork and procedures, you get the dual benefit of a risk cover and savings. At the end of the term, a minimum of the premiums paid by you will be returned depending on the option you choose. In other words, this is a term plan that makes financial sense by offering maturity benefits as well..

The Kotak Premium Return Plan is ideal for you ……….

• 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
• 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
  

Key Features

Return of premiums
This is a non-participating plan that covers you throughout the term and on maturity returns all the premiums paid by you. The amount of premium returned will depend on term of the plan and the premium chosen by you.

Hassle-free
With a simple application procedure, no medical tests and automatic debit of premiums: you can have an insurance plan without any worries.

Death Benefit
The beneficiary will receive the death benefit (Sum assured less premium unpaid during the year of death) in case of the unfortunate death of the life insured.

Maturity Benefit
On maturity, the premiums paid by you will be returned. The amount payable to you on maturity will depend on the term of the policy chosen by you.

The table below shows you the Maturity and Death Benefit