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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 Single Invest
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Plan Nature
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ULIP
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Plan Category
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Protection Plan
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UIN No.
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107L053V02
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About Plan
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In this plan, a single premium enables you to enjoy the benefits of investment and insurance throughout the policy term. There is no obligation of future payments, which means that now you can sit back and relax. On maturity under this plan, you will get the Fund Value Whereas in case of death during the policy term you will get the higher of Fund Value or Insured Benefit.
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Minimum Entry Age
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0years
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Maximum Entry Age
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65Yrs
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Minimum Maturity Age
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10Yrs
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Maximum Maturity Age
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75Yrs
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Maximum Policy Term
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10Yrs
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Benefits
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| Particulars | Description |
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Maturity Benefits
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Provides flexibility to receive the maturity benefits in the form of:* A lump sum payment; OR* In installments over a maximum period of five years.
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Death Benefits
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During the first policy year: Higher of Fund Value or Basic Sum Assured.Second Policy Year onwards: Higher of Fund Value or 22% of the Basic Sum Assured.
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Partial Withdrawal Benefit
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You have the convenience and flexibility to withdraw your money from year 4 onwards thus enhancing the liquidity.
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Surrender Benefit
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You can surrender the policy by paying the applicable Surrender Charges, that will be deducted from the Fund Value.
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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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Peak Guarantee Fund is a lose-ended fund and will be available for specific periods from time to time.
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Insured Benefit is Basic Sum Assured (5 times Single Premium) or 22% of Basic Sum Assured, as applicable at that time.
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Classic Opportunities Fund
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Dynamic Bond
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Dynamic Floor
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Dynamic Floor Fund II
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Frontline Equity Fund
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Money Market Fund
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Opportunities Fund
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Peak Guarantee Fund I
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Particulars
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Range
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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 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 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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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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Opportunities Fund
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Equity
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75% - 100%
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Debt
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0% - 25%
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Peak Guarantee Fund I
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Equity
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0% - 100%
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Debt (Including Money Market Instruments)
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0% - 100%
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Classic Opportunities Fund
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18-Jun-13
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12.3937
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Dynamic Floor Fund II
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18-Jun-13
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12.2643
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Frontline Equity Fund
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18-Jun-13
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11.6581
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Money Market Fund
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18-Jun-13
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12.7809
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Peak Guarantee Fund I
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18-Jun-13
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12.4223
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Classic Opportunities Fund
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Dynamic Bond
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Dynamic Floor
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Dynamic Floor Fund II
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Frontline Equity Fund
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Money Market Fund
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Opportunities Fund
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Peak Guarantee Fund I
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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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