Insurance Company, Kotak Mahindra Old Mutual Life Insurance Ltd. Plan Name, Kotak Capital Multiplier Plan. Plan Nature, TRADITIONAL. Plan Category. I have taken Kotak Capital Multiplier plan (UINNO11V01) with two riders ( accident death benefit & permanent disability benefit). Kotak Capital Multiplier Plan UIN: NV01, Form No: N, KTB- CV02, The product brochure gives only the salient features of the plan. Please.
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On Policy Maturity, i. Your name or email address: Never put your hard earned money in real estate without discussing the projects.
Kotak Life Insurance Capital Multiplier Plan Brochure
If you do not see any immediate utilization of your maturity proceeds, you could let it stay invested with us for a maximum of 15 years after the maturity of the plan and it could function like a fixed deposit offering returns and liquidity to withdraw all your funds.
This way you can withdraw money in phases to support various expenses that come your way. You may make one or more partial withdrawals each year, for the next 15 years or till the age of 75, whichever is earlier. Additional Protection You can also opt for additional riders in order to safeguard yourself from eventualities like a critical illness, an accidental death, disability and permanent disability. You stop paying the premium — The policy will lapse if the premium stops.
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Kotak Capital Multiplier Plan–Kotak Mahindra Life Insurance
My Policies Log Out. Join home buying forum to post your investment and trading questions. This plan is ideal multipkier you…. You want a loan against your policy – There is Loan available under this plan.
Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. If you are posting about your property for rent, provide maximum information like rent, locality, floor etc.
Kotak Life Insurance Capital Multiplier Plan Brochure – Docs
Your premiums under Section 80C. Leave a Reply Cancel reply Your email address will not be published.
In this post given all information is very informative and multipliwr. Share This Page Tweet. Thank you sharing such nice information which is very useful for people. Have you ever wished for an endowment plan that offers bonuses every year, along with the facility to increase your investment and to withdraw your money, as and when you want to, over a year period post-maturity.
Death benefit for multipliet premium payment term and beyond In the event of death during the premium payment term build up phasethe beneficiary would get the higher of basic sum assured or the total amount built up in the accumulation account. The amount from the Supplementary Accumulation Account can be withdrawn for flexibility. Policy Term in capiatl. Many companies offer their plans for securing their life. During the build-up phase In the event of unfortunate death, your beneficiary would get the higher of basic sum umltiplier less premiums due but not paid or Accumulation Account.
Automatic Cover Maintenance In case you miss capjtal premium payment, Automatic Cover Maintenance facility will ensure that your insurance cover is in force. Rider Benefits You can choose from any of the following riders:.
This is a participating plan and you are entitled to the higher of the basic sum assured or the Accumulation Account on maturity along with the balance in the Supplementary Accumulation Account.
Automatic Cover Maintenance to keep the plan going Future is uncertain and it is difficult to keep up with the obligation of premium payment year-on-year. Feel free to join, discuss and list your real estate properties.
The Kotak Capital Multiplier Plan is the only plan of its kind that allows you to enjoy returns even beyond maturity. However, it can be revived within 2 years from the date of first unpaid premium. The policy would terminate once the entire amount has been withdrawn or would be paid out at the end of the Withdrawal Phase.
A Supplementary Accumulation Account is created to hold these lump sums. Eligibility criteria of Entry age — Min. Your email address will not be published. Discuss Personal finance and plan your retirement. On completion of the Accumulation Phase, there is a period called Withdrawal Phase, which is 15 years or till age 75 years where you may multiplir to withdraw the money as and when you require while the remaining can be continued to be invested.
You can choose kotk any of the following riders: Company Information About Us. Premium Kotqk Term in years. The value of multipliier bonus will be included in cash value.
Death Benefit During the build-up phase In the event of unfortunate death, your beneficiary would get the higher kootak basic sum assured less premiums due but not paid or Accumulation Account. The NVV is the basic sum assured or Accumulation Account, whichever is higher after deducting the immediate withdrawals on the date of maturity. You want to surrender the policy — If premiums for 3 years have multiplir paid up, then surrender of policy is allowed.
This facility of lump sum injections allows you to augment your savings in the build-up phase, in addition to the regular premiums. At anytime during this post maturity phase, you still have the flexibility to muktiplier funds in full and terminate the policy. In case you miss your premium payment, Automatic Cover Maintenance facility will ensure that your insurance cover is in force.
There is also a feature of Lumpsum Injections where additional surplus fund can be paid to create Supplementary Accumulation Account. Insurance is the subject matter of solicitation. Iife insurance is very important. Even if you miss a premium payment or two, you can still keep your account with the Multiplire Cover Maintenance that applies after the 3rd policy year. Thus, ensuring that you have accumulated enough to sustain yourself at phases like retirement.
Yearly, Half-Yearly, Quarterly and Monthly.
The Bonus declared is also credited to the Accumulation Account. This facility is available after 3 completed policy years.