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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 Super Advantage
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Plan Nature
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ULIP
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Plan Category
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Investment Plan
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UIN No.
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107L058V01
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About Plan
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Kotak Super Advantage is an intelligent unit-linked investment plan that is based upon the idea of regular long term savings and systematic accumulation of wealth. It offers guaranteed returns along with the benefit of flexible life cover and upto 100% allocation of your money, making it ideal for your long term financial needs.
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Minimum Entry Age
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0Yrs
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Maximum Entry Age
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65Yrs
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Minimum Policy Term
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10Yrs
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Maximum Policy Term
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30Yrs
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Minimum Premium
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Rs.15,000
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Maximum Premium
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No Limit
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Minimum Sum Assured
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5*Annual Premium
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NA
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18YEARS
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NA
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75YEARS
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Benefits
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| Particulars | Description |
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Partial Withdrawal Benefit
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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 18 years of age, subject to applicable charges.
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Guaranteed Benefit
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Guaranteed additions of up to 280% of the first year's premium at maturity
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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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This Plan offers long term savings in the form of guaranteed additions at maturity. The longer your premium paying term, the higher will be the value of the advantage in this investment plan. This works towards accumulation of a large corpus of wealth in the form of long term savings. A powerful combination of the following two benefits are paid, provided your policy is in force and all premiums are fully paid up to date. i
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From year 2 onwards, 100% of your premiums are allocated to your fund, thereby maximizing the value of your investments.
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This investment plan offers you well-defined fund options to maximize long term savings as per your risk appetite over the term of the policy - Classic Opportunities Fund, Frontline Equity Fund, Dynamic Floor Fund II & Bond Fund.
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Kotak Super Advantage is a smart investment plan that addresses your current financial needs while building long term savings for your future. It is an ideal investment plan providing an optimal mix of insurance and investments, thus protecting your family against any odds and building a corpus for your future.
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Classic Opportunities Fund
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Dynamic Floor Fund II
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Frontline Equity Fund
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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 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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Classic Opportunities Fund
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23-May-13
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12.6501
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Dynamic Floor Fund II
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23-May-13
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12.3682
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Frontline Equity Fund
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23-May-13
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11.9134
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Classic Opportunities Fund
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Dynamic Floor Fund II
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Frontline Equity 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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