|
|
|
|
|
|
|
Insurance Company
|
Kotak Mahindra Old Mutual Life Insurance Ltd
|
|
Plan Name
|
Kotak Easy Growth Plan (5 Times)
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Savings & Investment Plan
|
|
UIN No.
|
107L020V02
|
|
About Plan
|
Kotak Easy Growth Plans are single premium, market linked insurance plans that keep pace with your ever growing success. It not only helps you save for the future but also lets you reap rich benefits from the investments of your choice. The undisputed advantage of these plans, is its simplicity. This simplicity stems from our clear understanding of what would appeal to a customer who is looking for a hassle free investment option
|
|
|
|
|
|
|
|
Minimum Entry Age
|
0 years
|
|
Maximum Entry Age
|
60 years
|
|
Minimum Premium
|
Rs 50000
|
|
Minimum Top Up Premium
|
Rs.10000/-
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
This is an open ended non-participating plan, without a fixed maturity date. You can exit anytime after the third policy anniversary, and you would get the market value of your units.
|
|
Death Benefits
|
In the event of death, your beneficiary would receive the sum assured (which is 5 times single premium) or the market value ofunits in the Main Account, which ever is higher plus market value of units in the Top-up Accounts. If any partial withdrawals are made before age 60, the death benefit will be reduced by the amount of such partial withdrawals in the preceding two years.
|
|
Partial Withdrawal Benefit
|
The partial withdrawal is subject to a minimum remaining balance of Rs. 30,000. The first two partial withdrawals in a year will attract no charge. Partial withdrawals will be allowed only after the life insured attains the age of 18.
|
|
Surrender Benefit
|
Anytime after the third policy anniversary, you can make surrender to meet your immediate needs.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
SEC 80 D
|
Under Section 80 D premium up to Rs 10,000 (Rs.15,000 for senior citizens) are allowed as deduction from taxable income.
|
|
|
|
|
|
|
|
|
|
|
|
Kotak Permanent Disability Benefit (Rider) [107C002V01]
|
|
Kotak Critical Illness (Rider) [107C004V01]
|
|
Accidental Death Benefit (Rider) [107C005V01]
|
|
|
|
|
|
|
|
|
|
The Facility to switch between funds has been provided to help you maximize returns from the markets.
|
|
you may increase your contribution by way of top-up Premiums subject to a maximum of 25% of the single premium paid.
|
|
|
|
|
|
|
|
|
|
Aggressive Growth
|
|
Dynamic Balanced
|
|
Dynamic Bond
|
|
Dynamic Floating Rate
|
|
Dynamic Gilt
|
|
Dynamic Growth
|
|
Opportunities Fund
|
|
|
|
Particulars
|
Range
|
|
Aggressive Growth
|
|
Equity
|
60% - 100%
|
|
Debt
|
0% - 40%
|
|
Dynamic Balanced
|
|
Equity
|
30% - 60%
|
|
Debt
|
20% - 70%
|
|
Cash & Money market
|
0% - 20%
|
|
Dynamic Bond
|
|
Debt
|
0% - 100%
|
|
Cash & Money market
|
0% - 20%
|
|
Dynamic Floating Rate
|
|
Debt
|
0% - 100%
|
|
Cash & Money Market
|
0% - 20%
|
|
Dynamic Gilt
|
|
Debt
|
80% - 100%
|
|
Cash & Money market
|
0% - 20%
|
|
Dynamic Growth
|
|
Equity
|
40% - 80%
|
|
Debt
|
0% - 40%
|
|
Cash & Money market
|
0% - 20%
|
|
Opportunities Fund
|
|
Equity
|
75% - 100%
|
|
Debt
|
0% - 25%
|
|
|
|
|
|
|
|
|
|
|
Aggressive Growth Fund
|
17-Jun-13
|
37.3798
|
|
Dynamic Balanced Fund
|
17-Jun-13
|
35.7285
|
|
Dynamic Bond Fund
|
17-Jun-13
|
22.1318
|
|
Dynamic Floating Rate Fund
|
17-Jun-13
|
18.1883
|
|
Dynamic Gilt Fund
|
17-Jun-13
|
20.5382
|
|
Dynamic Growth Fund
|
17-Jun-13
|
39.4689
|
|
Opportunities Fund
|
17-Jun-13
|
22.4402
|
|
|
|
|
|
|
|
|
|
|
Aggressive Growth
|
|
Dynamic Balanced
|
|
Dynamic Bond
|
|
Dynamic Floating Rate
|
|
Dynamic Gilt
|
|
Dynamic Growth
|
|
Opportunities Fund
|
|
|
|
|
|
|
|
|
21-Jan-09
11:52
|
Kotak Life ties up with DHFL Vysya
|
|
15-Jan-09
14:10
|
Kotak Life registered a growth of 63%
|
|
24-Dec-08
14:50
|
Kotak Life launches interactive Web site
|
|
22-Oct-08
12:10
|
Kotak Life launches Kotak long life
|
|
16-Oct-08
11:59
|
Insurance cover for student loans
|
|
15-Oct-08
09:35
|
Allahabad Bank signs MoU with Kotak Life Insurance
|
|
01-Sep-08
09:35
|
Other Insurers to follow Kotak's strategy on cut insurance cost
|
|
28-Aug-08
20:41
|
Kotak Life insurance brings down term plan rates up to 40%
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|