Kotak Platinum

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.

An investment plan, customised to your needs.

Kotak Life Insurance brings to you Kotak Platinum, an investment plan with nominal charges that you can customize as per your goals and requirements. With an unmatched combination of three investment strategies and flexibilities, it gives you complete control over your investments. It offers you exhaustive options to diversify your wealth so that you do not have to look for any other investment avenue.

Key Features

Capitalize on unmatched options of three Investment Strategies to build a substantial corpus

To get the best out of your money it is important to determine your investment horizon. This enables you to establish your risk-return profile and thereafter choose the funds that suit you. Kotak Platinum offers you the flexibility to choose from 3 Investment Strategies;
Self-Managed Strategy: If you wish to manage your investment on your own.
Age Based Strategy: If you don’t have the time or financial expertise in managing your Investment.
Systematic Switching Strategy (SSS): If you want to avail the benefit of equity investment in a systematic manner.

Minimum charges, maximum earnings

Ensure that 95% to 98.5% of your premium payment is contributed to the investment you have picked, to maximise your returns.

Keep earning with additional Survival Units

On top of the earnings your investment brings, be rewarded with extra Survival Units at the end of 10th policy year and every 5 years thereafter. The Survival Units are equal to 2% of the average Fund Value (in the Main Account) in the immediately preceding three years.

Flexible payment period

Option of 5/7-year premium payment period for a policy term of 10 years, or 7/10-year premium payment period for policy terms of 15 to 30 years. In cases where longer payment period doesn't suit your needs, you may also pay yearly, half-yearly, quarterly or monthly and enjoy greater flexibility in the way you invest.

Other advantages

Get life insurance cover to safeguard your family's well-being. Flexibility to receive maturity benefit either via lump sum payment or in instalments through Settlement Option. Choice of partial withdrawals to address your financial needs.

How does it work?

Raunaq Shah is 35 years old, a young executive who is willing to take a little risk with his investment

He chooses a policy term and premium payment term of 20 years with an annual premium of ₹5,00,000 and a Sum Assured of ₹50,00,000.

He chose the Age Based Strategy as it offers him the flexibility to change Risk Appetite as per market movements, and starts with an Aggressive Risk Appetite and has sourced the policy through a Corporate Agent.

At the end of 10 years, his cumulative premium is ₹5,000,000, fund value at 8%^# is ₹68,87,502 and fund value at 4%^# is ₹55,25,835.

At maturity, when Mr. Shah 55 years and is nearing retirement, his cumulative premium is ₹10,000,000 and fund value at 8%^# is ₹2,04,58,417 and fund value at 4%^# is ₹1,30,55,764.

This allows him to look forward to his retirement in peace.

^#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.

Eligibility

Entry Age:	0 to 65 years (60 years for limited pay)
Maturity Age:	18 to 75 years
Policy Term:	Premium Payment type	Policy Term
	Regular Pay	10 to 30 years
	Limited 5 Pay	10 years
	Limited 7 Pay	10 years and 15 to 30 years
	Limited 10 Pay	15 to 30 years
	The minimum policy term for minors is 10 or 18 years minus age last birthday of the life insured on the date of commencement.
Premium Payment Mode:	Yearly, Half yearly, Quarterly, Monthly
Premium Payment Term:	Regular – Equal to the policy term
	Limited – 5 & 7 year payment with policy term of 10 years 7 & 10 year payment with policy term of 15 to 30 years

Premium (₹):	Mode	Minimum Premium	Maximum Premium
	Yearly	₹ 99,000	No Limit
	Half Yearly	₹ 49,500
	Quarterly	₹ 24,750
	Monthly	₹ 8,250

Basic Sum Assured:	Regular Pay
	Age Band	Minimum	Maximum
	Less than equal to 45 years	7 times AP	25 times AP
	46 years – 55 years	7 times AP	15 times AP
	56 years – 65 years	7 times AP	10 times AP
	Limited Pay
	Age Band / Limited Pay	Minimum	Maximum
	Age Band / Limited Pay	5, 7 & 10 Pay	5 Pay	7 & 10 Pay
	Less than equal to 45 years	7 times AP	15 times AP	15 times AP
	46 years – 50 years	7 times AP	10 times AP	15 times AP
	51 years – 60 years	7 times AP	10 times AP	10 times AP
	AP refers to one Annualized Premium

Top-Up Premium	Minimum: ₹10,000
	Maximum: The total Top-Up premium paid shall not exceed the sum of all the Annualised premiums paid at that point of time.
Top-Up Sum Assured:	1.25 X Top-Up Premium

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/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 Platinum 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 Platinum UIN: 107L067V07. This is A Non-Participating Unit-Linked Life Insurance Individual Savings Product. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Tax benefits are subject to conditions specified under the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

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/2118.

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