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| Home> For
Individuals> Retirement Plans> Kotak Long Life Secure Plus |
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| "IN THIS
POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO
IS BORNE BY THE POLICYHOLDER." |
| Overview |
| Protecting your family
and ensuring their comfort has always been your
primary concern and key responsibility. For this,
you require careful planning and need to secure
it with appropriate protection -- a necessary cushion
in the form of a retirement savings plan, to face
the unexpected events of life. To ensure that your
investments give maximum protection to secure your
family's future and their financial independence,
we bring to you Kotak Long Life Secure Plus, an
ideal retirement savings plan. |
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|
 Why
is it an Ideal Plan? |
| Kotak Long Life Secure
Plus is a unit-linked plan that ensures your investment
and gives maximum protection to secure your family's
future and their financial independence. It gives
you the dual benefit of wealth creation in the long
term and timely protection for your loved ones. |
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| Advantages |
- Manage investments with a wide range
of funds
- Enjoy a boost in your fund
value by Survival Units
- Avail of
timely assistance in case of sudden accidental
disability
- Secure the future for your
loved ones with comprehensive protection
- Benefit
from lower costs for additional rider options
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| Key
Features |
 Maturity
Benefit |
| You are entitled to
the Fund Value on maturity. You may withdraw any
amount on maturity and the balance, if any, can
be taken in periodic installments for up to 5 years
after maturity. |
 Death
Benefit |
| This retirement savings
plan provides the following benefits on the death
of the life insured |
- 100% of the Sum Assured plus
- Fund
Value
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 Lump
Sum Benefit |
| In case of the death/
permanent accidental disability (whichever happens
earlier) of the policyholder, the fund account
is increased by the lump sum benefit which is equal
to your outstanding premiums. If the policyholder
and the life insured are different, the policy
continues to accumulate with no future premium
payment obligations |
 Premium
Payment Options as per your convenience |
| Allows you to pay your
premiums according to your convenience. You also
have the option of Limited Premium Paying Term
where you can choose to pay off your premiums over
3 and 5 years (only for 10 year policy term) if
you do not wish to pay for the entire policy term.
Further, you also have the flexibility to pay premiums
at intervals that suit you - annually, half-yearly,
quarterly or monthly. |
 Survival
Units for an added advantage |
| Enjoy additional unit
allocation equal to 3% of average Fund Value of
the last three policy anniversaries, added to the
Fund Value at the end of policy term; provided
all premiums are paid up to date. |
 Invest
your surplus capital as Top-up Premiums |
| You can invest your
surplus funds at any time as Top-Ups, thus adding
to your savings potential. |
 Switch
between the funds for better financial management |
| Switching is allowed
anytime (subject to applicable charges) during
the term of the policy between the available fund
options to match your investment objectives and
maximize your returns. |
 Partial
Withdrawals for easy liquidity |
| You can access your
investments by way of partial withdrawals after
payment of full premiums for first three policy
years and if the life insured has completed 18
years of age, subject to applicable charges. |
 Automatic
Cover Maintenance |
| Enables your insurance
cover to remain intact, whilst your fund balance
allows it, should you miss your premium payments
or stop them all together. This facility is available
after payment of full premiums for first three
policy years. |
 Rider
Benefits for Additional Protection |
| To ensure comprehensive
protection for your family, you can opt for any
of the additional rider benefits at a nominal cost: |
- Kotak Accidental Death Benefit (ADB)
- Kotak
Critical Illness benefit (CIB)
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| These benefits will
be charged by way of additional unit deductions
from the fund. |
| Tax
Benefits |
| Avail tax benefits under
Section 80C and Section 10 (10D) of Income Tax
Act, 1961. Premiums paid for Kotak Critical Illness
Benefit (CIB) qualify for a deduction under Section
80D. Tax benefits are subject to change in the
tax laws. You are advised to consult your Tax Advisor
for details. |
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- Unit Linked Life Insurance products
are different from the traditional insurance
products and are subject to the risk factors.
- The
premium paid in Unit Linked Life Insurance policies
are subject to investment risks associated with
capital markets and 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 Old Mutual Life Insurance Ltd is only
the name of the Insurance Company and Kotak Long
Life Secure Plus is only the name of the unit
linked life 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 the Intermediary or policy document
of the insurer.
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| For more details on
risk factors, terms and conditions please read
sales brochure carefully before concluding a sale.
This is a unit linked non-participating endowment
plan. Insurance is the subject matter of the solicitation. |
| Kotak Long Life Secure
Plus UIN 107L044V02, Form ID L044 Ref No. KLI/09-10/E-WEB/190
CIB- UIN 107C004V02 Form No. C004 , ADB- UIN 107C001V01
Form No. C001 |
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