Kotak Life Insurance Platinum Edge Plan

“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.”
Overview
You’ve lived life on your own terms; always done what you’ve believed in. You are used to having the luxury of choice and the power to control. And you’re constantly seeking new avenues of investment that match your approach to life.
 Why is it an Ideal Plan?
Kotak Platinum Edge is a power-packed plan that empowers you to customize your plan as per your investment goals. It is a powerful combination of features bringing benefits of high returns and protection in one single plan with utmost flexibility thus giving you complete control over your investments.
 Advantages
  • A customized investment-oriented protection plan
  • High allocation of premium to maximize your wealth
  • Range of funds to match your investment style
  • Unparalleled flexibility in premium payments
  • A low cost structure with no hidden charges
 Key Features
Choice of Life Cover
You may choose your life cover from Simple Protection to Double Protection to match your family’s lifestyle.
Power of High Allocation of Premiums
High allocation boosts your investment potential and maximizes your wealth. The plan offers allocation up to 98%1 of premiums invested for the first 5 years and 100% thereafter.
198% allocation is applicable for annualized premiums of Rs. 25 lacs and above.
Choice of Premium Payment options
The plan offers you the flexibility to reduce your annual premium2 from the 4th year onwards (subject to a minimum of Rs.20,000). Apart from this you have the option to choose your premium payment term with the option to stay invested for long.
2Annual premium in the 2nd and 3rd policy years cannot be less than 75% of the first year premium.
Choice of various investment avenues
Choose from a wide range of 9 funds from aggressive to conservative to match your investment objective.
Invest your surplus capital as Top-Up Premiums
Invest your surplus funds at any time as Top-Ups, thus adding to your savings potential.
Switch between funds for better financial management
Switch between fund options as per your needs to maximize returns (subject to applicable charges).
Partial Withdrawals for easy liquidity
You have the flexibility to withdraw any amount from your fund (subject to applicable charges) after completion of three policy years and provided the life insured has attained the age of 18 years. Minimum fund value of one annualized premium has to be maintained in the Main Account.
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.
Tax Benefits
Avail tax benefits under Section 80C and Section 10 (10D) of 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 Platinum Edge 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.

Download its brochure here.



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