|
|
|
|
|
|
|
Insurance Company
|
Kotak Mahindra Old Mutual Life Insurance Ltd
|
|
Plan Name
|
Kotak Guaranteed Pension Builder
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Pension Plan
|
|
UIN No.
|
107L057V01
|
|
About Plan
|
Kotak Guaranteed Pension Builder, a retirement plan tailor-made for your needs. As a retirement plan, it works for your security and financial independence by allowing you to save systematically for your golden years. At the same time, it offers Capital Guarantee to protect you from the uncertainty associated with equity markets. With host of features that provide flexibility and convenience this unique plan ensures a happy and secure retirment for you.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
18years
|
|
Maximum Entry Age
|
89years
|
|
Minimum Policy Term
|
10years
|
|
Maximum Policy Term
|
30years
|
|
Minimum Maturity Age
|
45years
|
|
Maximum Maturity Age
|
99years
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Death Benefits
|
incase of death the beneficiary will receive the fund value in the mail account and topup accounts as a lump sum or entirely as an annuity.
|
|
Surrender Benefit
|
you can surrender the policy after completion of the 3rd policy year, by paying the application charge. the amount payable on surrender is the fund value in main account less the surrrender changeplus fund value in the top-up Account, if any.after completion of the 3rd policy year.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 CCC
|
Section 80 CCC allows to individual, tax deduction for amount paid during the financial year out of income chareable to tax, towards specified pension plan. Maximum deduction allowed is Rs. 100,000.
|
|
SEC 10 (10) A (3)
|
Under Section 10 (10) A (iii), any payment received by way of commutation of pension plans is exempt from tax.
|
|
|
|
|
|
|
|
|
|
|
|
You can invest your surplus funds at any time as Top-Ups, thus adding to your savings potential.
|
|
Enables your policy to remain intact, whilst your fund balance allows it, should you miss your premium payments or stop them all together.
|
|
You can surrender the policy after completion of the 3rd policy year, by paying the applicable charges. The amount payable on surrender is the Fund Value in Main Account less the Surrender Charge plus Fund Value in the Top-Up Account, if any. After completion of the 3rd policy year, in the event of ill-health no Surrender Charge is applicable. The amount may be taken:As a lumpsum orEntirely as an annuity orPartly as lump sum and the balance amount as an annuity.
|
|
|
|
|
|
|
|
|
|
Pension Guarantee Fund
|
|
Pension Money Market Fund II
|
|
|
|
Particulars
|
Range
|
|
Pension Guarantee Fund
|
|
Equity
|
0% - 75%
|
|
Debt (Including Money Market Instruments)
|
0% - 100%
|
|
Pension Money Market Fund II
|
|
Debt (Including Money Market Instruments)
|
0% - 100%
|
|
|
|
|
|
|
|
|
|
|
Pension Guarantee Fund
|
18-Jun-13
|
12.2749
|
|
Pension Money Market Fund II
|
18-Jun-13
|
12.8116
|
|
|
|
|
|
|
|
|
|
|
Pension Guarantee Fund
|
|
Pension Money Market Fund II
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|