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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Kotak Life Insurance Capital Multiplier Plan Brochure
Yearly, Half-Yearly, Capittal and Monthly. Share This Page Tweet. How it works — In this plan, there are 2 phases of this plan- the Accumulation Phase and the Withdrawal Phase. This facility is available after 3 completed policy years. The amount from the Supplementary Accumulation Account can be withdrawn for flexibility.
Your premiums under Section 80C. Eligibility criteria of Entry age — Min. My Policies Log Out. Do you already have an account? The Bonus declared is also credited to the Accumulation Account. You stop kota, the premium — The policy will lapse if the premium stops. 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 Account.
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.
This feature is to ensure that the long term nature of this plan does not come in the way for your needing financial support in case of medical emergencies. In this post given all information is very informative and useful. Regular Premium in Rs.
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. In case you miss your premium payment, Automatic Cover Maintenance facility will ensure that your insurance cover is in force. However, it can be revived within 2 years from the date of first unpaid premium. Ootak benefit for the plam payment term and beyond In the event of death during the premium payment term build up phasethe beneficiary would get the higher of basic sum assured or the total amount built up in the accumulation account.
Our Products Motor Insurance. This facility of lump sum injections allows you to augment your savings in the build-up phase, in addition to the regular premiums.
The premiums are deposited in the Accumulation Account, after deduction of charges. Thus, it is a non-linked Insurance Plan with Bonus facility. You can choose from any of the capjtal riders: Thank you sharing such nice information which is very useful for people.
Your email address will not be published. Connect with Us Contact Llan Feedback. Iife insurance is very important. There is also a feature of Lumpsum Injections where additional surplus fund can be paid to create Supplementary Accumulation Account. Log in multipiler Sign up. Policy Term in years. Kotak Capital Multiplier Plan: This plan is ideal for you….
Company Information About Us. The policy would terminate once the entire amount has been withdrawn or would be paid out at the end of the Withdrawal Phase.
Kotak Capital Multiplier Plan – Review, Key Features & Premiums
Maturity Benefit — On maturity, higher of the Multipier 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. This fund is managed by the prudent fund managers to provide highest returns. Join home buying forum to post your investment and trading questions. You want to surrender the policy — If premiums for 3 years have been paid up, then surrender of policy is allowed. Age at Maturity in years.
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