Kotak Single Invest Advantage

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.

Kotak Single Invest Advantage, a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term. Coupled with easy liquidity and investment strategies to suit your investment objectives, this plan ensures that your investments work for you

Key Features

Convenience of One Time Investment
No obligation of future payments, a single premium enables you to enjoy the benefits of investment and insurance throughout the policy term.
Boost your savings with Loyalty Additions
With Loyalty Additions, your single premium earns extra for you and adds to the returns. Loyalty Additions will get added every 5 years starting from the end of 10th policy year (subject to policy being in force i.e. not in the discontinued state. It will be as a percentage of the average Fund Value in the immediately preceding three years. The rates will be dependent on the Single Premium bands and Policy Term.
Option to choose from 3 Investment Strategies
To ensure that your investment objectives are met, the plan offers three Investment Strategies to choose from. You can work with the available strategies as per your risk taking capacity. Whatever be your investment style, Kotak Single Invest Advantage offers investment strategies to suit them. Following are three Investment Strategies to choose from: Self-Managed Strategy Age Based Strategy Systematic Switching Strategy (SSS)

How does the plan work?

Shilpi is a 30-year-old professional working with a leading Pharma company and a steady income. She wants to invest with the objective of maximizing her investment potential; is keen to invest in equity yet little wary of the risk as well and also can’t spare her time to manage the investment. Kotak Single Invest Advantage provides the perfect solution as it gives her the option to invest in funds of her choice and choose the investment strategy that aligns with her investment objective and enjoy protection cover as well .

Given below is an illustration of the benefits payable to Shilpi for a Single premium of ₹10,00,000 for a policy term of 15 years and a Sum Assured of ₹1,00,00,000. She has chosen the Self-Managed Strategy with 100% investment in Classic Opportunities Fund (ULIF-033-16/12/09- CLAOPPFND-107):

End of Year	Age (in Yrs)	Single Premium (₹)	Benefits at 4%# p.a.	Benefits at 8%# p.a.
5	35	10,00,000	10,32,947	10,000,000	12,54,986	10,000,000
10	40	-	11,42,587	10,000,000	17,08,230	10,000,000
15	45	-	12,59,010	-	23,47,778	-

End of Year

Age (in Yrs)

Single Premium

(₹)

Benefits at 4%# p.a.

Benefits at 8%# p.a.

Fund Value

(₹)

Death Benefit

(₹)

Fund Value

(₹)

Death Benefit

(₹)

10,00,000

10,32,947

10,000,000

12,54,986

10,000,000

11,42,587

10,000,000

17,08,230

10,000,000

12,59,010

23,47,778

Eligibility

Ages above will be as at their last birthday
Entry age:	10 years policy term: Minimum: 8 years \| Maximum: 45 years
Entry age:	15 years policy term: Minimum: 3 years \| Maximum: 43 years
Maturity age:	10 years policy term: Minimum: 18 years \| Maximum: 55 years
Maturity age:	15 years policy term: Minimum: 18 years \| Maximum : 58 years
Policy
Policy Term	10 and 15 years
Basic Sum Assured	10 times of Single Premium
Single Premium Amount	Minimum: ₹2,00,000 \| Maximum: No limit
Premium Payment Details	Premium Payment Option: Single

Disclaimer

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do 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 Single Invest Advantage 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 Single Invest Advantage, UIN: 107L065V05. This is a Non-Participating Unit-Linked Life Insurance Individual Savings Product. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. Tax benefits as under the Income-tax Act, 1961 would be applicable. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

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 above illustration is for a healthy individual.

^#The assumed non-guaranteed rates of return chosen in the illustration are 4% p.a. and 8% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits 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/2132.

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