Kotak Assured Savings Plan
Kotak Assured Savings Plan
- Guaranteed@ maturity benefit
- Value for money with high premium benefit for higher Basic Sum Assured
- Longer the premium commitment, higher the benefits
- Guaranteed@ Yearly1 Additions and Guaranteed@ Loyalty2 Addition increases with increase in premium payment term
- Increasing life cover
- Guaranteed@ Yearly1 Additions added every time premium is paid and is payable at maturity or early death
- Option to enhance protection through a wide range of riders
- Tax benefit on premiums paid u/s 80(C) and benefit received u/s 10(10D)
@Guaranteed benefits due under this plan are available, provided premiums are paid regularly for the entire premium payment term and the policy is in force.
Guaranteed Maturity Benefit is inclusive of Basic Sum Assured, Accrued Guaranteed Yearly¹ Additions and Guaranteed Loyalty² Addition.
¹Guaranteed Yearly Additions is a percentage of Cumulative Annualised Premium# paid every year and the rate of such additions is based on the opted premium payment term. It will accrue throughout the premium payment term and will be paid out at Maturity or on Death.
²Guaranteed Loyalty Addition is a percentage of Basic Sum Assured and will be paid out at Maturity. The rate of such addition will be based on the opted premium payment term.
As per underwriting norms, rates are defined which is individual customer specific. Insurance is underwritten by Kotak Mahindra Life Insurance Company Ltd. | IRDAI Reg. No. 107
| Entry Age (as on last birthday) |
Min: 3 years |
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Maximum Maturity Age |
Min: 18 years |
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| Policy Term & Premium Payment Term (PPT) |
PPT Policy Term |
5 Pay 10 | 15years |
6 Pay 12 | 18 years |
7 Pay 14 | 20 years |
10 Pay 15 | 20 years |
| Annualised Premium# | Min: Rs.20,000 Max: No limit, subject to underwriting |
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#Annualised Premium refers to the premium payable in a policy year, excluding the taxes, rider premium underwriting extra premiums, and loadings for modal premium, if any.
| NRI Customer | Non-NRI Customer |
| Proposal Form | Proposal Form |
| Age Proof | Age Proof |
| Address Proof | Address Proof |
| Identification Proof | Identification Proof |
| Income Proof (as applicable) | Income Proof (as applicable) |
| Photo of the Proposer | Photo of the Proposer |
| Bank Documents | Bank Documents |
| NRI Questionnaire | Customer Declarations / Questionnaire (as applicable) |
| FATCA | PAN |
| Customer Declarations / Questionnaire (as applicable) | Selfie |
| PAN/Form 60 | ACR |
| Selfie | MHR (as applicable) |
| Letter of Intent (as applicable) | Special travel questionnaire required |
| GST Refund Declaration Form | As per UW guidelines, additional documents maybe required |
| ACR | |
| MHR (as applicable) | |
| Passport is mandatory with copy of entry and exit details | EIA Number (ISNP approved online business portal / website) |
| Passport is mandatory with copy of entry and exit details | |
| TIN Document proof | |
| Both Indian & Foreign address along with valid proof required as same is mandatory | |
| EIA Number (ISNP approved online business portal / website) | |
| As per UW guidelines, additional documents maybe required |
|
| Special travel questionnaire required |
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS
IRDAI is not involved 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 Assured Savings Plan: UIN 107N081V04, Form No N081. Kotak Term Benefit Rider UIN: 107B003V03, Form No: B003, Kotak Permanent Disability Benefit Rider UIN: 107B002V03, Form No: B002, Kotak Accidental Death Benefit Rider UIN: 107B001V03, Form No: B001, Kotak Life Guardian Benefit Rider UIN: 107B012V02, Form No: B012, Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02, Form No: B011, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V01, Form No: B020. This is a savings cum- protection oriented non-participating endowment assurance plan. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For details on riders, please refer to the Rider Brochure. Tax benefit 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.
Bandhan Bank Ltd. is a corporate agent of Kotak Mahindra Life Insurance Company Limited with Corporate Agency License Number – CA0530. Regd. Office: DN 32, Sector V Salt Lake, Kolkata, West Bengal, 700091. The plan is offered and underwritten by Kotak Mahindra Life Insurance Company Ltd. Participation of customers of Corporate Agent shall be purely on voluntary basis.
Kotak Mahindra Life Insurance Company Ltd.; Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Toll Free: 1800 209 8800 | Website: www.kotaklife.com | WhatsApp: 9321003007. Ref No.: KLI/22-23/E-WEB/2434.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. Under license.
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