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Kotak Wealth Saving and Investment Life Insurance Plan and Policy

Kotak Wealth Saving and Investment Life Insurance Plan and Policy - The Kotak Wealth Insurance plan is unit linked insurance plan (ULIP) that ensures a secure future financially for you and a sizable life insurance cover for your loved ones. The plan is designed so as to provide a balance between wealth accumulation and protection. You can create a corpus for yourself through periodic investments in funds of your choosing, and secure your family’s financial future through the comprehensive life cover.

Features - Kotak Wealth Saving and Investment Life Insurance Plan and Policy

  • Switch between fund options according to your requirements and objectives to maximise returns.
  • Build a corpus through your fund investments and use the money for large expenses like marriage or holidays when you need it.
  • Customize your portfolio by yourself or let the experts at Kotak take care of your investments according to your risk profile.
  • Option to choose between regular premium payment and limited premium payment.
  • Option to invest surplus funds as top-up premiums, which provides higher additional payout at death/maturity.
  • Option to alter the basic sum assured so as to keep your cover relevant.

Benefits - Kotak Wealth Saving and Investment Life Insurance Plan and Policy

  • Death benefits include the sum of 100% of basic sum assured, fund value and lump sum benefit.
  • If opted for top-up, the death benefit will also include the higher of top-up sum assured or fund value of top-up account, with respect to each top-up premium.
  • If life insured and policyholder are different, death benefit includes 100% of basic sum assured plus fund value.
  • Lump sum benefits are provided on death of the policyholder, and is equal to all the outstanding premiums (basic premium instalments*number of outstanding instalments).
  • Partial withdrawals are allowed after completion of the 5th policy year.
  • Tax benefits are available under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.
  • Maturity benefits include fund value, which can be withdrawn as and when you see fit in lump sum or in instalments.

Eligibility - Kotak Wealth Saving and Investment Life Insurance Plan and Policy

  • Policyholders should be within 18 years to 65 years of age. The life insured can be between 0 years to 65 years.
  • Policy terms of 10, 15, 20, 25 or 30 years.
  • Premium payment plans are available as regular premium term and limited premium term. Limited premium term requires you to pay premiums only for 5 years for the 10 year policy term.
  • Regular premium plan’s minimum premium amount is Rs.20,000, and limited premium plan’s minimum premium amount is Rs.50,000. There is no cap on the maximum amount of premium in either case.
  • For entry age below 45 years, basic sum assured is higher of (10*AP) or (0.5*policy term*AP), where AP is the annual premium.
  • For entry age including and above 45 years, basic sum assured is higher of (7*AP) or (0.25*policy term*AP).
  • The maximum sum assures is 25 times the AP.
  • Top up premium minimum amount is Rs.10,000, while the maximum should not exceed all regular premiums paid till date.
  • Top up sum assured is 1.25 times the top-up premium (entry age less than 45 years) and 1.10 times top-up premium (entry age above and including 45 years).

Kotak Saving and Investment Life Insurance Plans and Policy


Kotak Saving and Investment Plans
Kotak Invest Maxima
Kotak Single Invest Advantage
Kotak Wealth
Kotak Gramin Bima
Kotak Sampoorn Bima Micro-Insurance Plan
Kotak Single Invest Plus
Kotak Premier Life
Kotak Classic Endowment
Kotak Premier Endowment
Kotak Assured Income
Kotak Assured Savings
Kotak Assured Income Accelerator
Kotak Premier Moneyback
Kotak Platinum
Kotak Ace Investment
Kotak Premier Income
Kotak Guaranteed Savings
Kotak Retirement Plans
Kotak Lifetime Income Plan
Kotak Premier Pension Plan
Kotak Child Life Insurance Plans
Kotak Headstart Child Assure

Kotak Group Insurance Plans
Kotak Group Insurance Plans
Kotak Gratuity Group Plan
Kotak Gratuity Plus Group Plan
Kotak Secure Return Employee Benefit Plan
Kotak Leave Encashment Group Plan
Kotak Secure Return Superannuation Plan
Kotak Superannuation Group Plan – II
Kotak Term Group Plan
Kotak Credit Term Group Plan
Kotak Group Secure
Kotak Group Secure One
Kotak Raksha Group Micro Insurance Plan
Kotak Group Assure
Kotak Group Shield
Kotak Complete Cover Group Plan