|
|
 |
|
| Home> For
Individuals> Savings & Investment Plans> Kotak Capital Multiplier Plan |
|
|
| Overview |
| Have you ever wished
for an endowment plan that offers bonuses every
year, along with the facility to increase your investment
and to withdraw your money, as and when you want
to, over a 15-year period post-maturity. |
|
|
 This
plan is ideal for you... |
The Kotak Capital
Multiplier Plan is the only plan of its kind
that allows you to enjoy returns even beyond maturity.
This plan is best suited for you...
- If you are looking for an investment plan
for your child and want a flexible money-back
plan that gives you the power to decide the
amount and time of withdrawals.
- If you are planning for your retirement and
require a plan that allows you to withdraw any
amount as per your need and at the same time
invests your money prudently to get you bonuses
on the balance in your account.
- If you think that from time to time you will
have extra cash, which you would like to invest
in an instrument which is safe and which will
get you attractive returns.
|
| Advantages |
- Freedom of extending the policy term beyond
the maturity date
- Additional 10% life-cover over and above the
original life-cover throughout the policy term
- Get a free ATM card to withdraw your maturity
proceeds with ease
- Accumulate more through the bonuses declared
regularly by the company
- Invest your surplus monies top-up premium
|
|
|
| Key
Features |
 Maturity
Benefit |
| This is a participating
plan and you are entitled to the higher of the basic
sum assured or the Accumulation Account on maturity
along with the balance in the Supplementary Accumulation
Account. |
 Early
maturity benefits available after at least 3 years |
| The higher of Guaranteed
Cash value* and Special Cash value^ plus the higher
of Guaranteed Cash Value in respect of lump sum
injections and the Special Cash Value in respect
of lump sum injections. |
 Ill
health Early Maturity Benefits |
Higher of Guaranteed
Cash Value* and Accumulation Account plus Higher
of Guaranteed Cash Value in respect of Lump sum
Injections and Supplementary Accumulation Account.
*Guaranteed Cash Value = 30% of all the premiums
paid excluding the first year’s premium and additional
premium, if any. The value of the bonus will be
included in cash value. |
 Death
Benefit |
During the build-up phase
In the event of unfortunate death, your beneficiary
would get the higher of basic sum assured (less
premiums due but not paid) or Accumulation Account.
In addition, 10% of the basic sum assured and the
higher of all lump sum injections made and the Supplementary
Accumulation Account will also be paid.
During the withdrawal phase
In the event of unfortunate death, your beneficiary
would get 10% of the basic sum assured upto 75 years
of life assured’s age and the balance in the Accumulation
Account (into which the Supplementary Accumulation
Account is added). |
 Top-Up
Premiums |
| In case you have any
surplus funds you may invest them at anytime in
the policy. This facility of lump sum injections
allows you to augment your savings in the build-up
phase, in addition to the regular premiums. A Supplementary
Accumulation Account is created to hold these lump
sums. Funds in Top-Up Account continue to earn bonus
at the same rate as that of the Accumulation Account. |
 15
year withdrawal period |
If you do not see any
immediate utilization of your maturity proceeds,
you could let it stay invested with us for a maximum
of 15 years after the maturity of the plan and it
could function like a fixed deposit offering returns
and liquidity to withdraw all your funds.
In the event that you do not withdraw the entire
amount, you can leave behind the full amount or
at least 50% of the Accumulation Account balance.
You may make one or more partial withdrawals each
year, for the next 15 years or till the age of 75,
whichever is earlier. You can withdraw amounts as
per your need; subject to an upper limit of 25%
of the Net Vesting Value (NVV). The NVV is the basic
sum assured or Accumulation Account, whichever is
higher after deducting the immediate withdrawals
on the date of maturity.
At anytime during this post maturity phase, you
still have the flexibility to withdraw funds in
full and terminate the policy. |
 Additional
Life Cover |
| In the build-up phase
there is an additional life cover of 10% of the
basic sum assured and of the Critical Illness Benefit,
if opted for. This 10% cover continues even in the
withdrawal phase for a period of 15 years or till
you reach the age of 75, whichever is earlier. |
 Automatic
Cover Maintenance |
| In case you miss your
premium payment, Automatic Cover Maintenance facility
will ensure that your insurance cover is in force.
This facility is available after 3 completed policy
years. |
 Rider
Benefits |
You can choose from any
of the following riders:
- Term / Preferred Term Benefit (KTB –
UIN No: 107C003V02, KPTB – UIN No: 107C013V01)
- Accidental Death Benefit (ADB – UIN
No: 107C001V01)
- Permanent Disability Benefit (PDB –
UIN No: 107C002V01)
- Critical Illness Benefit (CIB – UIN
No: 107C004V02)
- Life Guardian Benefit (LGB – UIN No:
107C012V01)
- Accidental Disability Guardian Benefit (ADGB
– UIN No: 107C011V01)
Please refer to the rider write up for details. |
| Tax
Benefits |
| Section 80C, 10(10D)
of Income Tax Act, 1961 would apply. Premium paid
for Critical Illness Benefit qualify for a deduction
under Section 80D. Tax benefits are subject to change
in tax laws. You are advised to consult your tax
advisor for details. |
|
| For
more details on terms and conditions please download
the product brochure. |
UIN
No.: 107N011V01 |
|
| ^Special Cash Value =
95% of Accumulation Account. |
|
|
| |
|
|
|
