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When you trust us with your money, we believe it is our duty to meet your expectations. Kodak Platinum has low charges that ensure most of your money is invested in the funds chosen by you. The premium allocation in this plan ranges from 95% to 98.5% ensuring that you enjoy superior returns over the policy term.
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To get the best of your money it is important to determine your investment horizon. This enables you to establish your risk-return profile and thereafter choose the funds that suit you. Kodak Platinum offers you the flexibility to choose from 8 funds. It does not matter if you are someone who likes to manage your investment portfolio actively or someone who believes in letting investment experts make these decisions for you, this range of funds is comprehensive enough to cater to your specific requirement. You also have the option to switch from equity to debt fund and vice versa without any tax liability thereby allowing you greater control over your investments.
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Unit linked savings plans are abojt long-term savings and protection. Opting for longer policy terms helps your investments compound to a substantial corpus. To further reward long-term savings and in appreciation of your trust in us, the plan will add loyalty bonuses every 5years starting from the end of 10th policy year (subject to policy being in force i.e. not in the discontinued state). The loyalty additions in this plan are equal to 2% of the average Fund Value (in the Main Account) in the immediately preceding three years.
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You can customize this plan as per your convenience by opting for shorter premium payment terms where you can choose to pay off your premiums in 5years for a policy term of 10years and in 10years for policy terms of 15 to 30years. For regular payment, you can opt for any policy term from10 to 30years in this plan.
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When faced with an unexpected expense, many investors find themselves in a situation where a large withdrawal may not be possible from their fixed term investments. Kotak Platinum is structured to prevent this from happening. You can access your investment after completion of the 5th policy year by way of partial withdrawals. Further, you can avail of a policy loan up to 40% of the Fund Value in Main Account and Top-Up Accounts, if any, to meet any contingency, after two years premiums have been paid.
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Kotak Platinum allows you to opt for additiinal rider benefits. These riders, if opted for, ensure comprehensive protection under the policy by protecting the Life Insured. These benefits will be charged for by way of small additional premiums and are only applicable during the rider term.
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