Kotak Wealth Insurance

This is a unit-linked insurance plan that understands your concern and provides investment growth along with comprehensive protection.

Key Features

  • Accumulate wealth through a disciplined investment approach
  • Secure the well-being of your family through triple protection
  • Easy access to investment
  • Option of shorter term payment

Benefits

  • Tax Benefits:
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
  • Death Benefit:
1) 100% of the Basic Sum Assured plus
2) Fund Value plus
3) Lump Sum Benefit
  • Maturity Benefit:
1) Fund value will be paid out
2) Withdraw any amount on maturity
3) Balance, if any, can be taken in periodic instalments

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 0 65 years
MATURITY AGE - 75 years
POLICY TERM (Fixed) 10/15/20/25/30 years
SUM ASSURED 10 times of Annual Premium 25 times of Annual Premium
PREMIUM Rs.20,000 No limit
PREMIUM PAYMENT TERM Regular: Payment applies throughout policy term
Limited: 5 years payment with policy term of 10 years
PAYMENT MODE Annual

What if?

I am unable to pay premium

Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

No such option is available under this policy