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Kotak Second Innings Plan

 
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Mail us at: lifeexpert@kotak.com
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"IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER."
Overview
With a comfortable lifestyle and a happy family, today you are enjoying life to the full. Pause for a moment and think about tomorrow when you will stop working. Wouldn’t you still want to give your family all these comforts and much more? The decisions you take today are going to shape your future. So you need to ensure that you take the right step now.
Introducing Kotak Second Innings Plan - a cost effective market linked plan which ensures that you save systematically and build wealth so that you can enjoy life even after you retire.
 Why An Ideal Plan
Kotak Second Innings Plan is a retirement solution that ensures maximum allocation of your premiums. Bonus additions further enhance your retirement kitty while diverse fund options offer flexibility to invest as per your risk appetite.
 Advantages
  • No premium allocation charge1 to maximize your accumulation potential
  • Well defined fund options to suit your risk profile
  • Guaranteed Bonus2 additions to enhance your fund value
  • Enjoy regular income after your working life
  • Flexibility to choose your annuity options
1Other charges are applicable as mentioned in the section on charges
 Key Features
Wealth Maximization for your Retirement
Kotak Second Innings Plan offers full unit allocation throughout the policy term. This ensures that your investment moves swiftly towards accumulating wealth for your retired years.
Avenues to Reach Retirement Goals
To meet your future retirement goals, it is really important for your investment to generate ‘real’ returns, i.e. returns that grow faster than inflation does. This plan offers you six well defined funds, each of which is carefully designed to suit your individual needs.
Guaranteed Bonus2 to Enhance Your Fund Value
Since saving for retirement is a long term goal, regular and systematic savings will help create a large accumulation. If you pay your premiums regularly, Guaranteed Bonus2 as a percentage of your prevailing annualized premium will be added to your Fund Value in the Main Account as mentioned below.
  At the end of 10th policy year At Maturity
Guaranteed Bonus2 15% 2% for each policy year from the 11th policy year onwards
2Guaranteed Bonus will be credited to the Main Account at the end of the 10th policy year and at maturity if the policy is in force at that time. The bonus is calculated as per the revised policy term in case the retirement age has been pre-poned or postponed.
Death Benefit
In the event of death, the beneficiary will receive the Fund Value in the Main Account and Top-Up Accounts, if any. This amount may be taken as follows:
  • As a lump sum or
  • Entire amount as an annuity
  • Partly as lump sum and the balance amount as an annuity
 Tax Benefit
You can avail of tax benefits under Section 80 CCC (1) of the Income Tax Act, 1961. Tax benefits are subject to change in the tax laws. You are advised to consult your Tax Advisor for details.
  • 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 Second Innings Plan 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.
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 retirement plan. Insurance is the subject matter of the solicitation.
Kotak Second Innings UIN 107L052V02, Form ID: L052 Ref No. KLI/09-10/E-WEB/179
Kotak Mahindra Old Mutual Life Insurance Ltd. Regn. No.:107, Regd. Office: 9th floor, Godrej Coliseum, Behind Everard Nagar, Sion (East), Mumbai - 400 022. Mail us at: lifeexpert@kotak.com Call us at: 1800 209 8800. web:www.kotaklifeinsurance.com
 
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Life insurance gives an individual’s family the financial security needed and protects them from uncertainties and eventualities of life.

ULIPs or Unit Linked Insurance Plans for Kotak Life Insurance gives an individual the security of life insurance along with wealth creation opportunities. One can benefit from flexibility, liquidity, strategic savings, tax benefits and fund options that are inherent in a ULIP.

Retirement Plans from Kotak Life Insurance helps provide an individual with the financial security to lead a comfortable lifestyle in his post retirement years. Make use of the retirement calculator to assess your retirement options wisely.

Savings and Investment Plans from kotak Life Insurance are customized plans that help an individual achieve his / her long-term goals through smart financial planning.

Children Plans from Kotak Life Insurance help an individual secure his / her child’s financial future so that in future the child is able to fulfill every dream and aspiration without any hindrance

Group Life Insurance Plans from Kotak Life Insurance can help address the needs of both employees and employers, to secure their financial future.
Kotak Mahindra Old Mutual Life Insurance Ltd. A joint venture between Kotak Mahindra Bank Ltd. and Old Mutual plc.
9th floor, Godrej Coliseum, Behind Everard Nagar, Sion (E), Mumbai - 400 022

All rights reserved. Registered with Insurance Regulatory & Development Authority (IRDA) as Life Insurance Company. Regn. No. 107.
Insurance is the subject matter of the solicitation
Tax benefits available with life insurance are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.