Kotak Life Insurance Super Advantage Plan

“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.”
Overview
Kotak Super Advantage is a smart investment plan that addresses your current financial needs while building long term savings for your future. It is an ideal investment plan providing an optimal mix of insurance and investments, thus protecting your family against any odds and building a corpus for your future.
Why is it an Ideal Plan?
Kotak Super Advantage is an intelligent unit-linked investment plan that is based upon the idea of regular long term savings and systematic accumulation of wealth. It offers guaranteed returns along with the benefit of flexible life cover and upto 100% allocation of your money, making it ideal for your long term financial needs.
Advantages
  • 100% allocation of premiums from second year onwards
  • Guaranteed additions of up to 280% of the first year’s premium at maturity
  • Bonus at end of policy term to boost the fund value
  • Unique funds offering you maximum opportunity for growth
Key Features
Guaranteed Additions
This Plan offers long term savings in the form of guaranteed additions at maturity. The longer your premium paying term, the higher will be the value of the advantage in this investment plan. This works towards accumulation of a large corpus of wealth in the form of long term savings.
A powerful combination of the following two benefits are paid, provided your policy is in force and all premiums are fully paid up to date.
  • Fixed Advantage
    Fixed Advantage is an assured value guaranteed at the end of your premium payment term. The Fixed Advantage is calculated as a percentage of your first year’s premium depending on the policy term chosen.
  • Dynamic Advantage
    Dynamic Advantage is an assured bonus addition equal to 3% of average of the Fund Value in the last three policy years prior to maturity and is added to the Fund Value at the end of the policy term.
100% Premium Allocation
From year 2 onwards, 100% of your premiums are allocated to your fund, thereby maximizing the value of your investments.
Wealth Maximization Avenue
This investment plan offers you well-defined fund options to maximize long term savings as per your risk appetite over the term of the policy – Classic Opportunities Fund, Frontline Equity Fund, Dynamic Floor Fund II & Bond Fund.
Invest your surplus capital as Top-up Premiums
You can invest your surplus funds at any time as Top-Ups, thus adding to your savings potential.
Switch between the funds for better financial management
Switching is allowed anytime (subject to applicable charges) during the term of the policy between the available fund options to match your investment objectives and maximize your returns.
Partial Withdrawals for easy liquidity
You can access your investments by way of partial withdrawals after payment of full premiums for first three policy years and if the life insured has completed 18 years of age, subject to applicable charges.
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 Super Advantage 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.

Download its brochure here.



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