Kotak Money Back Plan
Enjoy the benefits of an investment that gives you a four-fold advantage over other plans. An investment that nourishes your long term plans and supports your short term goals. Kotak Money Back plan not only gives you life cover that increases every year but also ensures regular cash flows during the policy term. With cash lump sums every five years and a guaranteed addition and bonus* on maturity, you have every reason to rejoice in your investment.
Benefits as clear as 1-2-3 with Kotak Money Back Plan
Get tax free returns every 5 years
Kotak Money Back plan has been designed to offer you cash at regular intervals of 5 years. What’s more is that these payouts are tax free.
Earn guaranteed additions on maturity
On maturity a certain percentage of the sum assured is added as guaranteed additions to boost your savings, over and above the regular payout.
Enjoy increasing Life Cover
The insurance cover that you enjoy on the policy will automatically increase by 7% of Sum Assured at the end of each year so that your life cover can keep pace with the rate of inflation
Maturity Benefit with Kotak Money Back Plan
Kotak money back plan has been designed to offer you guaranteed cash back at regular intervals of 5 years. The table below illustrates the Survival Benefits as a percentage of the sum assured.| Survival Benefit | Payouts (percentage of sum assured) | ||||
| 5th yr | 10th yr | 15th yr | 20th yr | 25th yr | |
| 15 year Plan Survival Benefit Guaranteed Addition |
25% - |
25% - |
50% 20% |
||
| 20 year Plan Survival Benefit Guaranteed Addition |
20% - |
20% - |
20% - |
40% 30% |
|
| 25 Year Plan Survival Benefit Guaranteed Addition |
15% - |
15% - |
15% - |
15% - |
40% 40% |
Eligibility for Kotak Money Back Plan
- Entry Age : Min - 18 years | Max - 60 years
- Term Min : 15, 20 & 25 years
- Maturity Age : Max - 75 years
- Minimum Annual Premium: Min – Rs.4,000 p.a.
- Premium payment mode: Yearly, Half-Yearly, Quarterly or Monthly.
4 Simple Steps to get Kotak Money Back Plan
- Fill in the form to meet our expert advisor
- Fix an appointment according to your convenience
- Meet our expert to understand the plan better
- Fill up the proposal form, submit documents and pay the premium
Tax Benefit with Kotak Money Back Plan
- Section 80C, 10(10D) of Income Tax Act, 1961 would apply. Premiums paid for Critical Illness Benefit qualify for a deduction under Section 80D. Tax benefits are subject to change in tax laws. You are advised to consult your tax advisor for details.
Disclaimer: Insurance is the subject matter of the solicitation. Kotak Money Back Plan UIN: 107N003V01, Form No. N003. This is a non-unit linked, participating plan. For more details on risk factors, terms and conditions please download the product brochure. Kotak Mahindra Old Mutual Life Insurance Ltd. Regn No. 107. 9th floor, Godrej Coliseum, Behind Everard Nagar, Sion (E), Mumbai - 400 022 Toll Free No. - 1800 209 8800 Ref. No. - KLI/10-11/E-WEB/57 Kotak Mahindra bank Ltd (License No. 1144761) is a Corporate Agent of Kotak Mahindra Old Mutual life Insurance Ltd. The contract of Insurance is between the Kotak Mahindra Old Mutual Life Insurance Ltd. and the Life Insured.