Insurance Company, Kotak Mahindra Old Mutual Life Insurance Ltd. Plan Name, Kotak Capital Multiplier Plan. Plan Nature, TRADITIONAL. Plan Category. I have taken Kotak Capital Multiplier plan (UINNO11V01) with two riders ( accident death benefit & permanent disability benefit). Kotak Capital Multiplier Plan UIN: NV01, Form No: N, KTB- CV02, The product brochure gives only the salient features of the plan. Please.
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This is a participating plan and you are entitled to the higher of the basic sum assured or the Accumulation Account on maturity along with the balance in the Supplementary Accumulation Account.
The Kotak Capital Multiplier Plan is a multi-purpose savings and investment plan that offers you returns in the form of bonuses on your premiums and has a flexible withdrawal option which gives you the power to decide the time and amount of withdrawals.
This fund is managed by the prudent fund managers to provide highest returns. Death Benefit — If the Life Insured dies. The amount from the Supplementary Accumulation Account can be withdrawn for flexibility.
Do you already have an account? Your name or email address: Rider Benefits You can choose from any of the following riders:. On Policy Maturity, i. You want to surrender the policy — If premiums for 3 years have been paid up, then surrender of policy is allowed.
You are advised to consult your tax adviser for details. Join home buying forum to post your investment and trading questions. Rider Benefits You can choose from any of the following riders: If you do not see any immediate utilization of your maturity proceeds, you could let it stay invested with us for a maximum of 15 years after the maturity of the plan and it could function like a fixed deposit offering returns and liquidity to withdraw all your funds.
You can avail tax benefits on: This cover continues even after the Accumulation Phase, till the end of the Withdrawal Phase. Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. Choice to opt for early maturity in case of ill health In this plan, you can even opt for an early maturity citing ill health.
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Kotak Life Insurance Capital Multiplier Plan – InvestmentKit
This way you can withdraw money in phases to support various expenses that come your way. Even if you miss a premium payment or two, you can still keep your account with the Automatic Cover Maintenance that capitaal after the 3rd policy year. Automatic Cover Maintenance In case you miss your premium payment, Automatic Cover Maintenance facility will ensure that your insurance cover is in force.
On completion of the Accumulation Phase, there is a period called Withdrawal Phase, which is 15 years or till age 75 years where you may choose to withdraw the money as and when you require while the remaining can be continued to be invested.
Kotak Life Insurance Capital Multiplier Plan
Your premiums under Section 80C. Yearly, Half-Yearly, Quarterly and Monthly. If you are planning for your retirement and require a plan that allows you to withdraw any amount as per your need and at the same time invests your money prudently to get you bonuses on the balance in your account. Select City Mumbai, Maharashtra. Maturity Benefit — On maturity, higher of the Basic Sum Assured or the Accumulation Account can be withdrawn along with the balance in the Supplementary Accumulation Account within the entire period of 15 years.
Feel free to join, discuss and list your real estate properties. The value of the bonus will be included in cash value. Notify me of follow-up comments by email. Thus, ensuring that you have accumulated enough to sustain yourself at phases like retirement. Have you ever wished for an endowment plan that offers bonuses every year, along with the facility to increase your investment and to withdraw your money, as and when you want to, over a year period post-maturity.
Connect with Us Contact Us Feedback. Company Information About Us. In case you have any surplus funds you may invest them at anytime in the policy.
Kotak Capital Multiplier Plan: Death Benefit During the build-up phase In the event of unfortunate death, your beneficiary would get the higher of basic sum assured less premiums due but not paid or Accumulation Olan. Age at Maturity in years.
Kotak Life Insurance Capital Multiplier Plan Brochure – Docs
Your email address will not be published. Many companies offer their plans for securing their life.
Post your rental queries in the city specific forum. Eligibility criteria of Entry age — Min. Maturity or death claim proceeds under Section 10 plna.