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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In this post given all information is very informative and useful.
Kotak Life Insurance Capital Multiplier Plan – InvestmentKit
Even if you miss a premium payment or two, you can still keep your account with the Automatic Cover Maintenance that applies after the 3rd policy year. Regular Premium kotal Rs. At anytime during this post maturity phase, you still have the flexibility to withdraw funds in full and terminate the policy. Policy Term in years.
Kotak Capital Multiplier Plan–Kotak Mahindra Life Insurance
How it works — In this plan, there are 2 phases of this plan- the Accumulation Phase and the Withdrawal Phase. Death Benefit — If the Life Insured dies. Maturity or death claim proceeds under Section 10 10D. Get a planned corpus on maturity At maturity of the plan, you are entitled to the higher of the basic sum assured or the total amount built up in the accumulation account along with the bonuses declared on the policy.
Iife insurance is very important. In case you miss your premium payment, Automatic Cover Maintenance facility will ensure that your insurance cover is in force.
Many companies offer their plans for securing their life. These riders fortify your overall protection and ensure that you have peace of mind. Do you already have an account?
Leave a Reply Cancel reply Your email address will not be published. Your premiums under Section 80C. Thus, it is a non-linked Insurance Plan with Bonus facility. You can choose from any of the following riders: You want a loan against your policy – There is Loan available under this plan. Additional Protection You can also opt for additional riders in order to safeguard yourself from eventualities like a critical illness, an accidental death, disability and permanent disability.
Kotak Capital Multiplier Plan: Riders — There are 6 additional riders available with this kotakk Download its brochure here. This fund is managed by the prudent fund managers to provide highest returns.
Our Products Motor Insurance. This facility is available after 3 completed policy years. Key benefits of Kotak Capital Multiplier Plan from Kotak Mahindra Life Insurance Company Accumulate bonuses on your account Bonuses are declared year-on-year in your account to ensure that the premiums paid by you earn returns and you are able to accumulate a substantial sum at a future date.
Yearly, Half-Yearly, Quarterly and Monthly. You may make one or more partial withdrawals each year, for the next 15 years or till the age of 75, whichever is earlier. 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.
This plan is ideal for you…. Join home buying forum to post your investment and trading questions. Please don’t throw around your website’s link. This cover continues even after the Accumulation Phase, till the end of the Withdrawal Phase.
Rider Benefits You can choose from any of the following riders:. Thank you sharing such nice information which is very useful for people. Notify me of new posts by email.
You are advised to consult your tax adviser for details. In case you have any surplus funds you may invest them at anytime in the policy. Never put your hard earned money in real estate without discussing the projects. The value of the bonus will be included in cash value.
Age at Maturity in years. There are 6 additional riders available in this plan. Eligibility criteria of Entry age — Min. 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. A Supplementary Accumulation Account is created capitzl hold these lump sums.