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Kotak Premier Moneyback Plan

A Savings cum Insurance PlanProtect your today to secure your tomorrow. We aspire to offer our loved ones everything that they dream for, as much as we wish to secure them. Be it in their professional lives or personal lives, their happiness and protection is our ultimate aim. That is why Kotak Life Insurance offers Kotak Premier Moneyback Plan, a unique plan that blends savings and protection. It is a limited pay plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and let you offer the best to your family.

Key Advantages

- Regular payouts at specific intervals throughout the terms
  
  Get regular cash backs* as percentage of the Basic Sum Assured at equal intervals depending on the policy term chosen
- Lump sum Maturity Addition
  
  Along with the final payout at the end of the policy term, get a lump sum benefit depending on the policy term chosen
- Enhanced death cover with additional payout on accidental death
  
  In addition to the basic death benefit, on death due to accident get an assured additional sum
- Earn bonuses from 1st year onwards
  
  Bonuses may be declared on the plan from the end of 1st policy year onwards
- Additional protection through optional riders
  
  Choose from four rider options to increase the protection levels

Eligibility

- Age criteria
  - Entry Age:
  - Minimum: 2 yrs
  - Maximum: 57 yrs for 16 yr term | 55 yrs for 20 yr term | 51 yrs for 24 yr term
- Maximum Maturity Age
  - 75 years
- Policy Term
  - 16 years | 20 years | 24 years
- Sum Assured
  - Minimum: 1.5 lacs
  - Maximum: No Limit, subject to underwriting acceptance
- Premium Levels
  - Minimum: Depends on Minimum Sum Assured
  - Maximum: Depends on Sum Assured levels
- Premium Payment Term
  - Limited Pay
  - 8 yrs for 16 yr term | 10 yrs for 20 yr term | 12 yrs for 24 yr term
- Payment Mode
  - Yearly, Half yearly, Quarterly, Monthly
- Premium Modal Factor
  - The following modal loadings will be used to calculate the instalment Premium
  - Yearly – 100% , Half yearly – 51% , Quarterly – 26% , Monthly – 8.8%

Additional Protection with Optional Riders

- Kotak Term Rider
  
  Allows additional death cover over and above the base plan’s Death Benefit.
  
  Download
- Kotak Life Guardian Benefit Rider
  
  Remaining premiums will be paid by the KLI on behalf of the policyholder in case of his / her death.
  
  Download
- Kotak Accidental Disability Guardian Benefit Rider
  
  Remaining premiums paid by the KLI on behalf of the policyholder in case of accidental disability.
  
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- Kotak Critical Illness Plus Benefit Rider
  
  Rider sum assured shall be payable in part or whole, in case the Life Insured is diagnosed with any one of the 37 critical illnesses (subject to terms & conditions)
  
  Download