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Insurance Company
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Kotak Mahindra Old Mutual Life Insurance Ltd
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Plan Name
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Kotak Ace Investment Plan
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Plan Nature
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ULIP
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Plan Category
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Investment Plan
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UIN No.
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107L064V01
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About Plan
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It is an investment-oriented unit linked insurance plan. This plan offers you a wide range of funds along with convenient payment options to ensure efficient wealth creation.
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Minimum Entry Age
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0years
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Maximum Entry Age
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65years
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Minimum Maturity Age
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18years
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Maximum Maturity Age
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75years
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Minimum Policy Term
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10years
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Maximum Policy Term
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30years
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Benefits
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| Particulars | Description |
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Death Benefits
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This benefit will be payable provided you have paid all your premiums up to date. The minimum Death Benefit would equal 105% of total premiums paid up to time of death, less applicable partial withdrawals. The outstanding loan will be deducted from the total death benefit payable.
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Partial Withdrawal Benefit
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Be able to meet any sudden or unforseen expenses, from 6th year onwards
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Kotak Term Benefit (Rider) [107C003V02]
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Accidental Death Benefit (Rider) [107C005V01]
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Accidental Death Disability & Dismemberment (Rider) [107C007V01]
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Critical Illness Benefit (Rider) [107C009V01]
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Kotak Life Guardian (Rider) [107C012V01]
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Kotak Preferred Term Benefit (Rider) [107C013V01]
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Increase your investment contribution as and when you have surplus money.
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Be able to meet any sudden or unforeseen expenses, from 5th year onwards.
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In the event of unforeseen financial condition, you may decide to discontinue the policy. Discontinuance of policy before the 5th year will attract Discontinuance Charges.
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Switch between fund options or change your Future premium allocation as per your needs and investment objectives to maximize your returns.
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Alter your Basic Sum Assured to keep your cover relevant (subject to limits)
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Avail of a loan if required, subject to conditions.
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Balanced Fund
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Classic Opportunities Fund
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Discontinued Policy Fund
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Dynamic Floor Fund II
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Frontline Equity Fund
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Money Market Fund
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Particulars
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Range
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Classic Opportunities Fund
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Equity
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75% - 100%
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Debt (Including Money Market Instruments)
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0% - 25%
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Dynamic Floor Fund II
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Equity
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0% - 75%
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Debt (Including Money Market Instruments)
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25% - 100%
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Frontline Equity Fund
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Equity
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60% - 100%
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Debt (Including Money Market Instruments)
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0% - 40%
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Money Market Fund
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Debt (Including Money Market Instruments)
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0% - 100%
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Balanced Fund
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17-May-13
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13.0115
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Classic Opportunities Fund
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17-May-13
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13.0626
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Discontinued Policy Fund
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17-May-13
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11.9894
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Dynamic Floor Fund II
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17-May-13
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12.6459
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Frontline Equity Fund
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17-May-13
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12.2988
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Money Market Fund
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17-May-13
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12.6844
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Balanced Fund
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Classic Opportunities Fund
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Discontinued Policy Fund
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Dynamic Floor Fund II
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Frontline Equity Fund
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Money Market Fund
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21-Jan-09
11:52
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Kotak Life ties up with DHFL Vysya
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15-Jan-09
14:10
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Kotak Life registered a growth of 63%
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24-Dec-08
14:50
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Kotak Life launches interactive Web site
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22-Oct-08
12:10
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Kotak Life launches Kotak long life
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16-Oct-08
11:59
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Insurance cover for student loans
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15-Oct-08
09:35
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Allahabad Bank signs MoU with Kotak Life Insurance
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01-Sep-08
09:35
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Other Insurers to follow Kotak's strategy on cut insurance cost
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28-Aug-08
20:41
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Kotak Life insurance brings down term plan rates up to 40%
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