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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 Smart Advantage Plan
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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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107L043V01
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About Plan
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Kotak Life Insurance introduces Kotak Smart Advantage, a great combination of investment with insurance, to put your savings to work today. It is a market linked plan with 100% premium allocations helping you accumulate wealth systematically, over the long-term.
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Minimum Entry Age
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0 Years
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Maximum Entry Age
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65 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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75 years
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Minimum Policy Term
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10 years
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Maximum Policy Term
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30 years
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Minimum Premium
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Rs 10000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity of your policy, you will receive the Fund Value and the Fixed Advantage benefit, provided your premiums are always fully paid up to date. The Dynamic Advantage benefit would have already been credited in the Fund Value at the specified intervals to accumulate more for you at the end.
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Death Benefits
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In the event of death of the life insured the beneficiary would get A lump sum payment or Equal installments over a maximum period of five years, and the value in the Top-Up account if any will be paid. If death occurs within five years from the date of commencement and the life insured has not attained age 18, the death benefit would be greater of all the premiums paid or the fund value plus any fund valuein the top-up account.
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Loan against policy
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No loan is available under this product.
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Partial Withdrawal Benefit
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You can access your investments after completion of the 3rd policy year by way of partial withdrawals. From year 4 onwards by withdrawing upto 10% of the fund value in any policy year. For any withdrawals in excess of this limit, the Fixed Advantage Benefit will be revised. A part of the fund value in any policy year can be withdrawn and the charge applicable as a percentage of the amount withdrawn.
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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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| No data for Plan Speciality |
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Dynamic Bond
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Dynamic Floor
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Opportunities Fund
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Particulars
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Range
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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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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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Dynamic Bond Fund
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18-Jun-13
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22.1196
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Dynamic Floor Fund
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18-Jun-13
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19.1753
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Opportunities Fund
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18-Jun-13
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22.3333
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Dynamic Bond
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Dynamic Floor
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Opportunities 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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