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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 Headstart Child Plans - Future Protect (Single Life)
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Plan Nature
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ULIP
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Plan Category
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Child Plan
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UIN No.
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107L037V02
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About Plan
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Kotak Headstart Future Protect, a unit-linked dual benefit plan to helpsecure your childrenÆs future financial needs and ensure that plans do not go awry, given you may not always be there to help.
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Minimum Premium
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NA
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Minimum Entry Age
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18 years
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Maximum Entry Age
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60 years
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Minimum Policy Term
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10 years
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Minimum Maturity Age
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18 years
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Maximum Maturity Age
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70 years
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Minimum Premium
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Rs 15000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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on maturity fund value will be paid.
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Death Benefits
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on death of life insured, 100% of the sum assured payable immediately, policy balance and additional death benfit available immediately or in equal installments payable semi-annually over 5 years
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Loan against policy
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No loand facility
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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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SEC 80 D
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Under Section 80 D premium up to Rs 10,000 (Rs.15,000 for senior citizens) are allowed as deduction from taxable income.
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Kotak Accidental Death Benefit (Rider) [107C001V01]
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Kotak Permanent Disability Benefit (Rider) [107C002V01]
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Kotak Critical Illness (Rider) [107C004V01]
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Kotak Accidental Disability Guardian (Rider) [107C011V01]
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Under this plan, 100% of the Sum Assured would be paid out immediatly on the life insured's death to assist in meeting unanticipated financial obligation now facing your children.It provides an additional Death Benefit via a lump sum benefits to compensate beneficiaries for the outstanding premiums. The fund balance in main account and Top-up Account will continues and will be aviliable to the child at maturity.
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You can opt for additional rider benefits payment should accident death bring on your demise or, unfortunate events render you disabled or incapitated. should a critical illness unfortunately befall you along the way, a portion of the Sum Assured in immediately made available. premiums waiver protection is also available on disability. These benefit will be changed for by way of additional unit deductions from the funds.
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A total of eight well-defined funds covering the entire spectrum to equity and bedt investments offer you unprecedented choice. You can choose the fund that balances your risk profile with the tenure of your investment. If you are an astute investor who wants the flexibility to manage his investments as per market conditions then the freedom to switch is ideal for you.
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Aggressive Growth
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Balanced Fund
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Classic Opportunities Fund
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Dynamic Balanced
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Dynamic Bond
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Dynamic Floating Rate
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Dynamic Floor
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Dynamic Floor Fund II
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Dynamic Gilt
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Dynamic Growth
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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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Aggressive Growth
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Equity
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60% - 100%
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Debt
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0% - 40%
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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 Balanced
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Equity
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30% - 60%
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Debt
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20% - 70%
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Cash & Money market
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0% - 20%
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Dynamic Bond
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Debt
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0% - 100%
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Cash & Money market
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0% - 20%
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Dynamic Floating Rate
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Debt
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0% - 100%
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Cash & Money Market
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0% - 20%
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Dynamic Floor
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Equity
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0% - 75%
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Debt
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25% - 100%
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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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Dynamic Gilt
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Debt
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80% - 100%
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Cash & Money market
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0% - 20%
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Dynamic Growth
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Equity
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40% - 80%
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Debt
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0% - 40%
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Cash & Money market
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0% - 20%
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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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Aggressive Growth Fund
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21-May-13
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38.7876
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Balanced Fund
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21-May-13
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12.9343
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Classic Opportunities Fund
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21-May-13
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12.8998
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Dynamic Balanced Fund
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21-May-13
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36.5184
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Dynamic Bond Fund
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21-May-13
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22.1742
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Dynamic Floating Rate Fund
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21-May-13
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18.1193
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Dynamic Floor Fund
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21-May-13
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19.6497
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Dynamic Floor Fund II
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21-May-13
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12.5682
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Dynamic Gilt Fund
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21-May-13
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20.591
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Dynamic Growth Fund
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21-May-13
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40.6486
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Frontline Equity Fund
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21-May-13
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12.1469
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Money Markt Fund
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21-May-13
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12.6952
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Aggressive Growth
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Balanced Fund
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Classic Opportunities Fund
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Dynamic Balanced
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Dynamic Bond
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Dynamic Floating Rate
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Dynamic Floor
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Dynamic Floor Fund II
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Dynamic Gilt
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Dynamic Growth
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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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