Kotak Wealth Optima Plan

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 Wealth Optima Plan is a protection and savings oriented unit linked insurance plan. The plan provides life insurance cover to protect your family in case of your unfortunate demise. It also provides the flexibility of choosing premium payment term, investment strategy and investment horizon.

Key Features

Option to be covered for whole life

Stay protected till age 99 years

Choice of two Investment Strategies

This plan enables you to choose the funds that suit your risk-return profile. It offers you the flexibility to choose from 2 Investment Strategies: (1) Self-Managed Strategy and (2) Age Based Strategy.

Enhances fund growth through Yearly Additions post Lock-in period

Yearly Additions starts accruing from the end of 6^th policy year (subject to policy being in force) till the end of the policy term.

Boosts long term savings through Wealth Boosters

Wealth Boosters starts every 5 years starting from the end of 10 policy year (subject to policy being in force)

How it works?

Shivani is 35 years old, business woman.
She chooses a policy term of 20 years and premium payment term of 7 years with annual premium of ₹10,00,000 and a Sum Assured of ₹1,00,00,000.
She chooses the Age Based Strategy as it offers her the flexibility to change Risk Appetite as per market movements, and starts with an Aggressive Risk Appetite
At the end of 10 years, her cumulative premium is ₹70,00,000, fund value at 8%# is ₹1,08,11,092 and fund value at 4%# is ₹82,31,060.
At maturity, her cumulative premium is ₹70,00,000 and fund value at 8%# is ₹2,17,92,568 and fund value at 4%# is ₹1,13,36,810.

^#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:	Minimum: 3 years
	Maximum: Other than Whole life:
	• Regular Pay: 65 years
	• Limited Pay: 58 years
	• Whole Life: Limited pay: 50 years
Maturity Age:	Regular & Limited Pay: Minimum: 18 years \| Maximum: 75 years
	Whole Life: Maximum: 99 years
	Note: The minimum policy term will be equal to the smallest available term to ensure that the Life Insured is a Major at the time of maturity. For example, if the Life Insured’s age is 7, minimum policy term available would be 15 years
Policy Term:	Other than Whole Life: Regular Pay & Limited Pay: 10 years / 15 years / 20 years
	Whole Life: 99 minus age at entry of life insured.
Premium Payment Term	Regular
		Policy Term	Premium Paying Term
	Other than Whole Life	10	10
		15	15
		20	20
	Whole Life	Not Applicable
	Limited
		Policy Term	Premium Paying Term
	Other than Whole Life	10	5/7
		15	5/7/10
		20	5/7/10
	Whole Life	99 - age at Entry	5/7/10 or 60 – age at Entry
Premium Payment Mode	Yearly, Half yearly, Quarterly, Monthly
Premium	Minimum: Annual – ₹200,000 \|\| Half-Yearly – ₹100,000 \|\| Quarterly – ₹50,000 \|\| Monthly – ₹16,000
	Maximum: No limit
Basic Sum Assured	Regular Pay:
	Other than Whole life:
	• For entry ages 3 - 60 years: Minimum: 10 times of AP \|\| Maximum: 15 times of AP
	• For entry ages 61 - 65 years: Minimum & Maximum: 10 times of AP
	Regular pay is not applicable under Whole life.
	Limited Pay:
	Other than Whole life:
	• For entry ages 3 – 45 years: Minimum: 10 times of AP \|\| Maximum: 15 times of AP
	• For entry ages 46 – 58 years: Minimum & Maximum: 10 times of AP
	Whole life:
	• For entry ages 3-45 years:
	Minimum: 10 times of AP
	Maximum: 5 Pay - 12 times of AP
	7 Pay \| 10 Pay \| 60 minus age at entry – 15 times of AP
	• For entry ages 46-50 years:
	Minimum: 10 times of AP (fixed)
	Maximum: 5 Pay \| 7 Pay \| 10 Pay \| 60 minus age at entry – 10 times of AP (fixed)
	AP refers to one Annualized Premium

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 Wealth Optima Plan 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 Wealth Optima Plan UIN: 107L118V03. 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 is applicable as per 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/2120.

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