Kotak T.U.L.I.P

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.

While you wish to live your life to the fullest without any worries or uncertainties, life is always uncertain and living the life you wish to is nothing less than a dream.

But now it’s possible to chase your dreams without a worry with our Term with Unit Linked Insurance Plan – Kotak T.U.L.I.P. It's not just insurance; it's your family's financial fortress. Your financial future is unique, and Kotak T.U.L.I.P is here to make it bright. It's more than savings; it's your ticket to peace of mind and prosperity!

Key Features

Option to choose a High Sum Assured multiple to offer significant life cover
2X Return of Premium Allocation Charges from the end of 10^th policy year onwards
Up to 3X Return of Mortality Charges on survival starting from 11^th policy year onwards
Loyalty additions as a reward for staying invested to enhance your maturity value on maturity.
Flexibility to pay premium for limited duration or throughout the policy term
Enhance your protection through Rider options
Option to choose from multiple investment strategies

How does the plan work?

Mr. Pravin Shah is a 35-year old businessperson who lives with his wife and children. His primary goal is to create financial protection for his family. As as an astute businessperson he also wants to invest his money with the objective to create a substantial corpus for his retirement years. He therefore requires a plan that is not only protection efficient but also gives possible upside on the investments to safeguard his future goals.

Kotak T.U.L.I.P is the perfect solution for him. It gives him adequate life cover along with market linked returns and unparalleled flexibilities of Investment Strategies and Partial Withdrawal option to control over his finances.

Given below is an illustration of the benefits payable to Mr. Shah for a Policy Term of 40 years and Premium Payment Term of 10 years paying ₹ 2 Lakh^ p.a. and Basic Sum Assured of ₹ 40 Lakh.

End of year	Age (in years)	Cumulative Premium (₹)	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 (₹)
0	35	2,00,000	1,70,206	40,00,000	1,76,854	40,00,000
10	45	20,00,000	21,47,363	40,00,000	26,65,154	40,00,000
20	55	-	26,48,989	40,00,000	49,15,498	49,15,498
40	75	-	55,97,478	-	21,077,637	-

Eligibility

Entry Age^#	Min: 18 years Max: 60 years
Maturity Age^#	Min: 48 years Max: 100 years
Policy Term	30 to 40 years
Premium Payment Term	Limited Pay: 6 / 7 / 8 / 9 / 10 / 12 / 15 years Regular Pay: Same as Policy Term
Mode	Yearly, Half-yearly, Quarterly and Monthly
Premium Level	Min: ₹ 1,00,000 p.a. (Annual Mode); ₹ 1,20,000 p.a. (other modes)
Basic Sum Assured	Min: 7 times of Annual Premium Max: No Limit, as per BAUP
Top-Up Premium	Min: ₹ 10,000 Max: ₹ The total Top-Up premium paid shall not exceed the sum of all the regular premiums paid at that point of time.

^#Ages above will be as on the last birthday

Additional protection with optional riders:

Kotak Accidental Death Protection Rider (Linked) - In addition to the death benefit as per the base plan, the Rider Sum Assured is payable in case of an unfortunate demise of the life insured due to an accident*.

Kotak Critical Illness Benefit Rider (Linked) - In case the Life Insured is diagnosed with any of the listed 37 Critical Illness, the Rider Sum Assured shall be payable and the base policy continues.

*Accident is defined as “a sudden, unforeseen and involuntary event caused by external, visible and violent means”.

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.

Kotak T.U.L.I.P, UIN: 107L131V03; Kotak Accidental Death Protection Rider (Linked), UIN:107A021V02; Kotak Critical Illness Benefit Rider (Linked), UIN:107A022V02.

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. For more details on riders please read the Rider Brochure. Tax benefits are subject to conditions specified under the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. You are advised to take an independent view from your tax consultant.

^The base premium is ₹2,00,000 for policy term / premium payment term of 40 / 10 years with Sum Assured of ₹40 Lakh. The rider premiums are ₹2,440 for Accidental Death Benefit of ₹20L and ₹8,580 for Critical Illness Cover of ₹5L for policy term / premium payment term of 30 / 10 years. The investment strategy opted is Self -Managed Strategy with 100% allocation in Kotak Mid Cap Advantage Fund (ULIF054150923MIDCAPFUND107).

The above figures are net of Goods and Services Tax and Cess, as applicable (For further details on GST, please refer to Terms and Conditions). 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.

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 T.U.L.I.P 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.

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 - 400 051. Website: www.kotaklife.com I WhatsApp: 9321003007 | Toll Free No:1800 209 8800 | Ref. No.: KLI/24-25/E-WEB/2137.

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