Kotak Assured Income Plan

• Assured annual income for 15 years
• Lump sum payout on maturity
• Life cover for 30 years
• Enhance protection through riders
• Loan benefit available
• Avail tax benefits under prevailing tax laws

Death Benefit

In the event of death of the life insured during the term of the policy, Sum Assured on Death is payable to the nominee. Sum Assured on Death is higher of Guaranteed Maturity Benefit or 106% of Basic Sum Assured.

Assured Annual Income payouts terminate on the death of the life insured.

Assured Annual Income

This plan provides assured annual income for a period of 15 years, provided the policy is in-force and you survive through the policy term. This payout starts from the end of 15^th policy year and it is 9.10%/9.60%/10.10% of basic sum assured for premium bands of Rs 15000 to Rs 29,999/Rs 30,000 to Rs 74,999/Rs 75,000 & above,respectively.

Guaranteed Maturity Benefit

On completion of the policy term, a lump sum benefit of 104% to 110% of the basic sum assured is payable and this payout depends on age at entry.

Loan Benefit

The maximum loan amount that can be availed is up to 80% of the acquired surrender value, subject to minimum loan amount of Rs 10,000.

Surrender Value

This policy acquires a Guaranteed Surrender Value after payment of all the due premiums for at least three full policy years.

Tax Benefit

This policy provides tax benefits under section 80C & 10 (10D) of the Income Tax Act, subject to amendment in tax laws.

Following riders can be opted, on payment of additional rider premium.

• Kotak Accidental Death Benefit Rider
• Kotak Permanent Disability Benefit Rider
• Kotak Life Guardian Benefit Rider
• Kotak Accidental Disability Guardian Benefit Rider

Raman at 30 years, wants to buy Kotak Assured Income Plan to get regular money backs along with life protection. He opts the plan with the policy term of 30 years, basic sum assured of Rs 2 Lacs with annual premium of Rs 20,000.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives 104% to 110% of the basic sum assured, depends on age at entry. This maturity benefit helps meet your financial objectives.

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during the policy term, Rs 2 Lacs as Sum Assured on Death is payable to the nominee. The death benefit provides a financial cover to the nominee/family.

Benefit Illustration: