Kotak Invest Maxima

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

A Non-Participating Unit-Linked Life Insurance Individual Savings Product

The 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 Linked Insurance Products completely or partially till the end of the fifth year.

As an informed investor, you value every rupee of your financial investments and would invest in products and services at an economical cost. You also might appreciate a systematic entry into the volatile equity market. Keeping all this in mind, we bring you Kotak Invest Maxima, an investment oriented unit-linked life insurance plan with maximum premium allocation and a Systematic Switching Strategy that allows you to enter the equity market systematically.

Key Features

Zero premium allocation charge

Zero deduction towards premium allocation charge, ensure that most of your money is invested in the funds chosen by you and returns are enjoyed over a larger portion of your premiums.

Choice of portfolio strategies

Kotak Invest Maxima offers you two portfolio strategies to choose from:

1. Self-Managed Portfolio Strategy

2. Systematic Switching Strategy

Get rewarded for staying invested longer

To reward long-term savings, the plan will add survival units every 5 years starting from the end of 10th policy year (subject to policy being in force i.e. not in the discontinued state). Annualized / Single Premium – ₹ 50,000 to ₹74,999 Survival Units^ (as % of Fund Value) - 1% Annualized / Single Premium - ₹75.000 & Above Survival Units^ (as % of Fund Value) - 2% ^Average of the Fund Value on the relevant date and the two preceding year ends.

Choice of convenient policy term and premium payment term

You have the flexibility to opt for policy terms and premium payment terms as per your convenience. For Single Premium Payment - option the policy term is fixed 10 & 15 years whereas for Regular and Limited Premium Payment terms you can choose from the fixed policy terms of 10, 15, 20, 25 and 30 years.

Liquidity through partial withdrawals

You can access your investment after completion of the 5th policy year by way of partial withdrawals.

How does the plan work?

Sujay is a 35-year-old professional who lives with his wife and children. He holds a respected position in one of the leading Pharma companies, with a steady stream of income. He wants to invest his money with the objective of maximising its investment potential. He is keen to invest in equity but is unable to put in the time required for managing the investment. Kotak Invest Maxima provides the perfect solution for him as it gives him the option to invest in funds of his choice and at the same time he enjoys adequate protection.

Given below is an illustration of the benefits payable to Sujay for an Annual premium of ₹1,00,000, policy term and premium payment term of 20 yrs and a Sum Assured of ₹10,00,000:

			Benefits at 4%^ p.a		Benefits at 8%^ p.a
End of Year	Age (in years)	Cumulative Premium (₹)	Fund Value (₹)	Death Benefit (₹)	Fund Value (₹)	Death Benefit (₹)
5	40	5,00,000	4,90,996	10,00,000	5,52,689	10,00,000
10	45	10,00,000	10,65,567	10,65,567	13,31,259	13,31,259
15	50	15,00,000	17,26,527	17,26,527	24,09,070	24,09,070
20	55	20,00,000	24,83,215	-	38,98,216	-

Eligibility

Age criteria
Entry age#:	Regular Pay: Minimum: 0 Years* \| Maximum: 65 years
	Limited Pay:
	For Policy Term of 10 /15 years: Minimum: 0 years* \| Maximum: 64 years
	For Policy Term of 20 /25 /30 years:Minimum: 0 years* \| Maximum: 55 years

	Single Pay:
	Option 1:
	For Policy Term 10 years: Minimum: 0 years; Maximum:* 45 years
	For Policy Term 15 years: Minimum: 0 years; Maximum*: 42 years
	Option 2:
	For Policy Term 10 years: Minimum: 0 years; Maximum:* 65 years
	For Policy Term 15 years: Minimum: 0 years; Maximum:* 60 years
Maturity age#:	Minimum: 10 years \| Maximum: 75 years
Policy Term (fixed):	Regular Premium: 10, 15, 20, 25 & 30 years
	Limited Premium: 10, 15, 20, 25 & 30 years
	Single Premium: 10 & 15 years
Basic Sum Assured	Regular and Limited Premium:
	Minimum Sum Assured:
	Regular Pay		Limited Pay
	Upto 60 years	61 – 65 years	Upto 53 years	54 - 64 years
	10 X AP	7 X AP	10 X AP	7 X AP

	Maximum Sum Assured:
	Regular Pay		Limited Pay		Limited Pay
			(10/5 & 15/5)		(20/5, 25/5 & 30/5)
	Age	Multiple of AP	Age	Multiple of AP	Age	Multiple of AP
	0-45	25	0-34	25	0-34	25
	46-54	15	35-45	15	35-45	12
	55-60	10	46-54	10	46-53	10
	61-65	7	55-64	7	54-55	7

	Single Premium:
	Option I: 5 times SP \| Option II: 1.25 times SP
	AP: Annualised Premium \| SP: Single Premium
Premium Amount	Regular - ₹50,000 - ₹1,00,000
	Limited - ₹75,000 - ₹1,00,000
	Single - ₹2,50,000 – No Limit, subject to BAUP
Premium Payment Details	Premium Payment Term: Regular: Same as Policy Term chosen \| Limited: 5 years
	Premium Payment Mode: Annual and single
Top-Up Premium	Minimum: ₹20,000
	Maximum: Total Top-Up premium paid shall not exceed the sum of all the Annualised Premiums / Single Premium paid at that point of time
Top-Up Sum Assured	1.25 X Top-Up Premium
#Ages above will be as at the last birthday
*For age 0 to 7 years, underwriting screening will apply.

Disclaimer

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Risk Factors

Linked Insurance products are different from the traditional insurance products and are subject to the risk factors.
The premium paid in linked insurance policies are subject to investment risks associated with capital markets. The NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
Kotak Mahindra Life Insurance Company Ltd is only the name of the Life Insurance Company and Kotak Invest Maxima is only the name of the linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.

Kotak Invest Maxima UIN: 107L073V05. This is a non-participating unit-linked life insurance individual savings product. This website content is not a brochure and only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. Tax benefits are subject to conditions specified as per Income-tax Act, 1961. Customer is advised to take an independent view from tax consultant.

The above illustration is assumed with 100% investment in Classic Opportunities Fund

(ULIF-033- 16/12/09- CLAOPPFND107).

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 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.

This website content only gives the salient features of the plan.

Kotak Mahindra Bank Ltd. is a corporate agent of Kotak Mahindra Life Insurance Company Limited with Corporate Agency License No: CA0250. Regd. Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. The plan is offered and underwritten by Kotak Mahindra Life Insurance Company Limited.

Participation by Kotak Mahindra Bank Ltd.’s customers to buy insurance policy is purely voluntary and there is no direct or indirect linkage between the provision of banking services offered by Kotak Mahindra Bank Ltd. to its customers and products/services offered by Kotak Mahindra Life Insurance Company Ltd. Insurance products/services are obligations of Kotak Mahindra Life Insurance Company Ltd and are not guaranteed by Kotak Mahindra Bank Ltd. Kotak Mahindra Life Insurance Company Ltd. shall be liable or responsible for all matters arising out of or pertaining to the insurance products/ services offered by it.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN: U66030MH2000PLC128503; Regd. Office: 8^th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051; Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No: 1800-209-8800 | Ref. No.: KLI/24-25/E-WEB/2121.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.