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Product Information
Saving And Investment Plans Kotak SmartLife Plan
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
This is a limited pay participating endowment plan which will provide you option either to receive Cash bonus payouts every year right from the end of 1st policy year onwards to take care of interim financial requirements or utilize such Cash bonuses for accumulating and creating a corpus to fulfill bigger goals and plan for a stress-free life.

Features:

fjrigjwwe9r3SDPrivInsuProd:Features
  • Offers protection up to the age of 75 years
  • Convenience of choosing Bonus options: Cash Payout or Paid-Up Addition
  • Avail chosen Bonus option from end of 1 policy year onwards
  • Additional protection through optional riders on payment of additional premium
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Entry Age of Life Insured (as on last birthday) : Min: 3 years Max: 50 years – 6 & 15 pay 55 years – 8 &10 pay 54 years – 12 pay
Maturity Age of Life Insured (as on last birthday) : 75 years
Policy Term : 75 years less Entry Age of Life Insured
Basic Sum Assured : Min: Rs.2,50,000
Max: No limits, but it will be subject to Underwriting
Premium Levels : Min:
6 Pay : Rs.40,120
8 Pay : Rs. 30,955
10 Pay : Rs.26,175
12 Pay : Rs. 22,778
15 Pay : Rs.19,505
Max:
No Limits, subject to Underwriting acceptance
Premium Payment Term : 6, 8, 10, 12 and 15 years
Premium Payment Mode : Yearly, Half yearly, Quarterly, Monthly
Premium Modal Factor : Yearly – 100% , Half yearly – 51% , Quarterly – 26% , Monthly – 8.8%

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