A Participating Non-Linked Life Insurance Individual Savings Product

Every month you receive your primary income which helps you in meeting your daily needs and requirements. However, this income may not entirely help you meet your dreams. Be it top class education for your children or a luxurious dream vacation or going through the golden years without any financial hassles. There is always a desire to increase your monthly income so that your dreams are met even in case of some unforeseen events.

Now imagine, if you have an additional income stream which will not only help you fast-track your goals but also provide you with life cover to take care of your near and dear ones in case you are not around. Kotak Life proudly presents “Kotak Get Assured Income Now”, a limited pay participating plan, with Income Benefits starting as early as end of 1st policy month or after the end of the premium payment term; along with the flexibility to accumulate the income benefits and create a legacy for your loved ones, as per the plan option chosen. You have multiple plan options which can be customized as per your requirement to help you plan for a better future and lead a stress-free life.

                                                            

                                                        

Step 1: Choose the Plan Option, Premium Paying Term, Premium Paying Frequency, Policy Term, Income Benefit Payout mode. The premium/benefits will vary depending upon the option chosen.

• 

  Step 2: Choose your Premium amount, basis which your Sum Assured on Maturity and Sum Assured at Death will be calculated. Sum Assured on Maturity is calculated as Annualised Premium multiplied by the Premium Paying Term and enhanced by boosters, as applicable.

• 

  Step 3: Customize your income benefits to receive payouts yearly or monthly.

• 

  Step 4: Choose additional riders to enhance your protection

• 

  Mr. Rakesh aged 35 year needs a plan which offers him a regular and long term income as well as build a corpus that he can pass on as a legacy to his family. He opts for “Kotak Get Assured Income Now” with an Annual Premium of Rs.

  Age at Entry	Policy Term	PPT – 6/8 years	PPT – 10 years/12 years
  Min	To Age 85 / 40 years	90 days
  Max	To Age 85	50 years	55 years
  	40 years	44 years

  Sum Assured on Maturity (in Rs.)

  Min: 4,00,000

  Max: No limits, subject to Board Approved Underwriting Policy Sum Assured on Maturity shall depend on the Annualised Premium and Premium Payment Term chosen by you.

• Premium Payment Term

  6 / 8 / 10 / 12 years

• Policy Term

  85 years less Entry Age of Life Insured
•  OR Fixed term of 40
•  years 

• Premium Levels (Annual) (in Rs.)

  Min: 50,000

  Max: No Limits, subject to Board Approved Underwriting Policy

• Premium Payment Mode

  Yearly, Half yearly, Quarterly and Monthly

• Premium Modal Factor

  Yearly – 100%, Half yearly – 51%, Quarterly – 26%, Monthly – 8.8%

  ^&Age is calculated as age last birthday

  PPT 6 is available for early income and paid up addition option

•