|
|
 |
|
| Home> For
Individuals> Savings & Investment Plans> Kotak Safe Investment Plan II |
|
|
| “IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.” |
| Overview |
| Equity investments although attractive are given to volatility and can often result in loss of capital. Therefore, as a prudent investor you would be inclined to avoid such investments or limit your exposure to them. Keeping this in mind, we present to you Kotak Safe Investment Plan II where you could enjoy the returns associated with equity investments without losing sleep over the safety of your capital. |
|
|
 Why
An Ideal Plan |
| Kotak Safe Investment Plan II lets you enjoy the upside of the market through exposure in equities while safeguarding the downside by way of Capital Guarantee. Therefore, on maturity, if the market value of your units is higher, you reap the benefits with the peace of mind whilst in a bear market your investment is under-pinned by Capital Guarantee. In addition, the returns are totally tax-free. |
| Advantages |
- Equity exposure backed by Capital Guarantee
- Inbuilt Investment advice of Guarantee Fund
- Boosted protection through riders
- Flexibility of Limited Premium Payment
- Tax Benefits
|
|
|
| Key
Features |
 Capital Guarantee |
| Your investments ensure your and your family’s continued well-being and comfort. To protect your investment from the volatility of equity markets we offer your investment the protection of Capital Guarantee. Capital Guarantee is equal to the total amount of premium paid by you over the policy term, provided all your premiums have been paid at the original level in full and on time. |
 Boosted Protection of Riders |
| You can opt for additional rider benefits if you want to guard against any specific eventuality. This plan offers the following riders: |
- Kotak Term / Preferred Term Benefit (KTB/KPTB)
- Kotak Accidental Death Benefit (ADB)
- Kotak Permanent Disability Benefit (PDB)
- Kotak Critical Illness Benefit (CIB)
- Kotak Life Guardian Benefit (LGB)
- Kotak Accidental Disability Guardian Benefit (ADGB)
|
 Flexibility of Premium Payment |
| You can pay your premiums according to your convenience. If you do not wish to pay premiums for the entire policy term, you can opt for the Limited Premium Payment option where you can choose to pay your premiums in 3 or 5 years (only for 10 year policy term). You can pay your premiums annually, half-yearly, quarterly or monthly. |
 Automatic Cover Maintenance |
| This feature enables your insurance cover to remain intact, till 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. The rider benefits cease while a policy is in Automatic Cover Maintenance mode. The Capital Guarantee drops permanently after six months from the due date of first unpaid premium. |
| Tax
Benefits |
| You can avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961. Premiums paid for Kotak Critical Illness Benefit (CIB) may qualify for a deduction under Section 80D 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 Safe Investment Plan II 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 plan. Insurance is the subject matter of the solicitation. |
| Kotak Safe Investment Plan II – UIN – 107L021V03 , Form No. - L021 Reference No, KLI/09-10/E-WEB/242 |
| Kotak Accidental Death Benefit UIN 107C001V01, Form No – C001, Kotak Permanent Disability Benefit UIN 107C002V01, Form No – C002, Kotak Term Benefit UIN 107C003V02, Form No – C003, Kotak Critical Illness UIN 107C004V02, Form No – C004, Kotak Accidental Disability Guardian UIN 107C011V01, Form No – C011, Kotak Life Guardian UIN 107C012V01, Form No – C012, Kotak Preferred Term Benefit UIN 107C013V01, Form No – C013 |
|
| Kotak Mahindra Old Mutual Life Insurance Ltd. Regn. No.:107, Regd. Office: 9th Floor, Godrej Coliseum, Behind Everard Nagar, Sion (East), Mumbai 400 022. Website: www.kotaklifeinsurance.com , Email: lifeexpert@kotak.com |
|
|
| |
|
|
|
