about us ace investme… · for wealth creation age (in years) mortality charge *sum at risk =...
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The golden plan for wealth creation
Age (in years)
Mortality Charge
*Sum at Risk = Death Benefit - Fund Value, in respect of both the Main and Top-Up Accounts.
20 30 40 50
0.999 1.445 2.328 5.244
Note: The above illustrations are extracts of separate, more detailed benefit illustrations. For full details please refer to the Benefit Illustration. The above premium figures are inclusive of Service Tax & Cess, as applicable. Service tax and Cess rates are as on June, 2016 and are subject to change from time to time as per GoI notification. The above 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 returns, they have been shown for illustrative purpose only.
About Us
SMS KLIFE to 5676788
TOLL FREE 1800 209 8800
[email protected]://insurance.kotak.com
The South Indian Bank Ltd. is a corporate agent of Kotak Mahindra Old Mutual Life Insurance Limited with Corporate agency License number - CA0067. Regd. Office: SIB House, T.B. Road, Mission Quarters, Thrissur-680 001 Kerala. The plan is offered and underwritten by Kotak Mahindra Old Mutual Life Insurance Ltd. Participation of customers of Corporate Agent shall be purely on voluntary basis.
KLI/17-18/P-PL/23
Option to choose from multiple Investment Strategies
Add more to your savings through Top-Up
Enjoy liquidity through partial withdrawals
Choice of Riders to enhance protection
Kotak Life Insurance presents to you, Kotak Ace Investment, an
investment oriented unit linked life insurance plan. This plan offers you
Investment Strategies along with convenient payment options to
ensure efficient wealth creation.
How Does the Plan Work?
1. You may decide your premium based on how much and for how long you wish to invest.
2. You choose the Basic Sum Assured, depending on your existing insurance cover and your need. You can also customize your protection by attaching optional Riders.
3. Premiums paid by you, net of premium allocation charges, are invested in the funds under Investment Strategy of your choice.
What are the plan benefits?
What are the applicable charges?
Premium Allocation ChargeThe premium allocation charge as a percentage of the premium is as shown below:
Yr 1 & 2
6%
Yr 3 to 5
4%
Yr 6 onwards
2%
The allocation charge for Top-Up premiums is 2%.
Policy Administration ChargeThe administration charge is a percentage of the first years’ annualized premium and is applicable until the end of the policy term.
Premium Bands
Up to `9,99,999
`10,00,000 and above
Applicable Charge*
0.10% p.m.
Nil
*This charge will not exceed `500 p.m. and is not applicable on Top-Up