|
|
|
|
|
|
|
Insurance Company
|
Kotak Mahindra Old Mutual Life Insurance Ltd
|
|
Plan Name
|
Kotak Long Life Wealth Plus
|
|
Plan Nature
|
ULIP
|
|
Plan Category
|
Retirement Plan
|
|
UIN No.
|
107L045V02
|
|
About Plan
|
Kotak Long Life Wealth Plus is an intelligent investment plan that helps you builds your future net worth with power-packed features that actively monitor and manage your investment growth. It is a unique unit-linked plan thatÆs designed to assure you of a joyful and fulfilling future.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
0 Yrs
|
|
Maximum Entry Age
|
65 Yrs
|
|
Minimum Policy Term
|
10 Yrs
|
|
Maximum Policy Term
|
30 Yrs
|
|
Minimum Maturity Age
|
18 Yrs
|
|
Maximum Maturity Age
|
75 Yrs
|
|
Minimum Premium
|
3 Yrs
|
|
Maximum Premium
|
10 Yrs
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
You are entitled to the Fund Value on maturity. You may withdraw any amount on maturity and the balance, if any, can be taken in periodic instalments for up to 5 years after maturity.
|
|
Death Benefits
|
Your beneficiary would receive higher of the Sum Assured or the Fund Value in the Main Account plus Fund Value in the Top-up Account if any.
|
|
Switch Benefit
|
Switching is allowed anytime during the term of the policy between the available fund options to match your investment objectives and maximize your returns.
|
|
Partial Withdrawal Benefit
|
You can access your investments by way of partial withdrawals after payment of full premiums for first three policy years and if the life insured has completed 18years of age, subject to applicable charges.
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
|
|
Premium Payment Options as per your convenience Allows you to pay your premiums according to your convenience. You also have the option of Limited Premium Paying Term where you can choose to pay off your premiums over 3 and 5 years (only for 10 year policy term) if you do not wish to pay for the entire policy term. .
|
|
Invest your surplus capital as Top-up Premiums You can invest your surplus funds at any time as Top-Ups, thus adding to your savings potential.
|
|
Switch between the funds for better financial management Switching is allowed anytime (subject to applicable charges) during the term of the policy between the available fund options to match your investment objectives and maximize your returns.
|
|
Automatic Cover Maintenance Enables your insurance cover to remain intact, till your fund balance allows it, should you miss your premium payments or stop them all together. This facility is available after payment of full premiums for first three policy years.
|
|
Opportunity for higher returns on your long term investments. Customize your fund portfolio to suit risk profile. Enjoy a boost in fund balance by Survival Units for long term savings. Increase your contribution in case of surplus amounts. Avail of cash in case of need through partial withdrawals.
|
|
|
|
|
|
|
|
|
|
Aggressive Growth
|
|
Balanced Fund
|
|
Classic Opportunities Fund
|
|
Dynamic Balanced
|
|
Dynamic Bond
|
|
Dynamic Floating Rate
|
|
Dynamic Floor
|
|
Dynamic Floor Fund II
|
|
Dynamic Gilt
|
|
Dynamic Growth
|
|
Frontline Equity Fund
|
|
Money Market Fund
|
|
Opportunities Fund
|
|
|
|
Particulars
|
Range
|
|
Aggressive Growth
|
|
Equity
|
60% - 100%
|
|
Debt
|
0% - 40%
|
|
Classic Opportunities Fund
|
|
Equity
|
75% - 100%
|
|
Debt (Including Money Market Instruments)
|
0% - 25%
|
|
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 Floor
|
|
Equity
|
0% - 75%
|
|
Debt
|
25% - 100%
|
|
Dynamic Floor Fund II
|
|
Equity
|
0% - 75%
|
|
Debt (Including Money Market Instruments)
|
25% - 100%
|
|
Dynamic Gilt
|
|
Debt
|
80% - 100%
|
|
Cash & Money market
|
0% - 20%
|
|
Dynamic Growth
|
|
Equity
|
40% - 80%
|
|
Debt
|
0% - 40%
|
|
Cash & Money market
|
0% - 20%
|
|
Frontline Equity Fund
|
|
Equity
|
60% - 100%
|
|
Debt (Including Money Market Instruments)
|
0% - 40%
|
|
Money Market Fund
|
|
Debt (Including Money Market Instruments)
|
0% - 100%
|
|
Opportunities Fund
|
|
Equity
|
75% - 100%
|
|
Debt
|
0% - 25%
|
|
|
|
|
|
|
|
|
|
|
Aggressive Growth Fund
|
17-May-13
|
39.2829
|
|
Balanced Fund
|
17-May-13
|
13.0115
|
|
Classic Opportunities Fund
|
17-May-13
|
13.0626
|
|
Dynamic Balanced Fund
|
17-May-13
|
36.7455
|
|
Dynamic Bond Fund
|
17-May-13
|
22.1073
|
|
Dynamic Floating Rate Fund
|
17-May-13
|
18.0831
|
|
Dynamic Floor Fund
|
17-May-13
|
19.7622
|
|
Dynamic Floor Fund II
|
17-May-13
|
12.6459
|
|
Dynamic Gilt Fund
|
17-May-13
|
20.5077
|
|
Dynamic Growth Fund
|
17-May-13
|
41.029
|
|
Frontline Equity Fund
|
17-May-13
|
12.2988
|
|
Money Market Fund
|
17-May-13
|
12.6844
|
|
Opportunities Fund
|
17-May-13
|
23.5746
|
|
|
|
|
|
|
|
|
|
|
Aggressive Growth
|
|
Balanced Fund
|
|
Classic Opportunities Fund
|
|
Dynamic Balanced
|
|
Dynamic Bond
|
|
Dynamic Floating Rate
|
|
Dynamic Floor
|
|
Dynamic Floor Fund II
|
|
Dynamic Gilt
|
|
Dynamic Growth
|
|
Frontline Equity Fund
|
|
Money Market Fund
|
|
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
|
|
|
|
|
|
|