Kotak Old Mutual Life Insurance

Kotak Mahindra Old Mutual Life Insurance Ltd is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates, and Old Mutual.

Kotak Mahindra is one of India's leading banking and financial services organizations, offering a wide range of financial services that encompass every sphere of life. Old Mutual is an international long-term savings, protection and investment group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance in Europe, the Americas, Africa and Asia.

Kotak Life Insurance is one of the fastest growing insurance companies in India. The company is differentiated because of its proven ability to deliver outstanding value to its customers through high customer empathy and understanding, lifetime of exceptional service and suite of products that best leverage the combined prowess of Protection and Long term Savings - the two key elements that determine any winning life insurance product. The company also has among the best claim ratios in the industry, a solemn testimony to its business practices.

Group Insurance
Why Kotak Old Mutual Life Insurance?
AMONG TOP 5 PRIVATE LIFE INSURERS
Kotak Life Insurance is among the *Top 5 Life Insurers in India.
CUSTOMER LOYALTY
^^Ranked No. 1 in private Life Insurance in customer loyalty
FINANCIAL STRENGTH
**Net worth of Rs. 1, 521 Cr. As on 31 March, 2016
 
MARKET PRESENCE
##Wide coverage across 227 branches over 169 cities as on 31 March, 2016
CONSISTENT PROFITABLE GROWTH
Kotak has shown a *consistent profitable growth year on year since the last 8 years (*growth of 32% in FY 2015-16).
LIVES COVERED
**1.5 Cr lives covered (12.19 Lac in individual + 138.04 Lacs in group)
 

SOURCE: *As per IRDAI Ranking – Life Insurance Companies for FY 2015-16 ** Public Disclosure – Annual Report FY 2015-16 published under “regulatory disclosures” with Kotak.com ## As per Kotak Life Insurance’s internal data ^^ The Economic Times, Bangalore edition – 23 May, 2016.

Plans that can help achieve your goals:
KOTAK PREMIER ENDOWMENT PLAN

Kotak Premier Endowment Plan is not just a Life Insurance plan that guarantees a great start to fulfil your dreams. The product has been built with this firm belief that for a great start and enablement its very critical that we have a solid and fulfilled foundation. Premier Life is a product that guarantees a great start for your saving needs.

We at Kotak Life believe that your dreams for your family are important to you. But only regular and long term savings can ensure their fulfilment. We understand this and that is why we provide a great start to your savings with Kotak Premier Endowment Plan. It has Guaranteed Additions in the first 5 policy years. After all, isn't well begun half done? But that's not it; the plan works to provide you a corpus for your dreams through continued bonus additions. In fact, it is just what you need, for your dreams to come alive.

Key Advantages:

  • Guaranteed Additions*: At 5% per annum of Basic Sum Assured in the first 5 policy years
  • Earn bonus from 6th policy year onwards
  • Two Payout options for death & maturity proceeds
  • Comprehensive Protection through life cover and optional riders

Main Benefits:

  • Maturity Benefit:
    This plan provides for wealth creation during the policy tenure. On survival till the end of the policy term the following benefit will be payable:
    • Basic Sum Assured PLUS
    • Accrued Guaranteed Additions PLUS
    • Accrued Reversionary Bonuses and Terminal Bonus, if any
  • Death Benefit:
    In the unfortunate event of death during the term of the plan, the nominee will receive the following:
    • Minimum Death Benefit (as explained ) PLUS
    • Accrued Guaranteed Additions PLUS
    • Accrued Reversionary Bonuses and Terminal Bonus, if any
  • Payout options on Maturity as well as Death:
    The plan provides the flexibility of receiving your pay outs on maturity. The same flexibility is available to your nominee in case of death.
  • Additional Protection through Riders:
    A rider is an add-on provision to a basic insurance policy that provides additional benefits to the policyholder at an additional cost. It’s a way to maximize the benefits on your life insurance policy and to customize it to suit your specific needs.

    Following rider options are available with the plan to provide additional protection:
    • Kotak Term Benefit (UIN:107B003V03)
    • Kotak Preferred Term Benefit (UIN:107B013V02)
    • Kotak Accidental Death Benefit(UIN:107B001V02)
    • Kotak Permanent Disability Benefit (UIN: 107B002V02)
    • Kotak Critical Illness Benefit (UIN: 107B004V03)
    • Kotak Life Guardian Benefit(UIN:107B012V02)
    • Kotak Accidental Disability Guardian Benefit (UIN:107B011V02)
  • Tax Benefit:
    You may avail of tax benefits under Section 80C, 80D and Section 10 (10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change in the tax laws.
KOTAK PREMIER MONEY BACK PLAN

Kotak premier money back plan is one premier plan for many dreams that you may have to fulfil. It starts with the understanding a simple customer need where the customer is looking for a savings plan where he/she can invest for the long term but doesn’t have to wait that long to fulfil their dreams.

We all strive to provide the best for our loved ones - catering to their present as well as their future needs. Keeping this in mind, Kotak Life Insurance brings to you Kotak Premier Moneyback Plan - a limited pay money back plan with premier benefits. It provides lump sum pay-outs at regular intervals to meet your medium term goals while saving for the long term.

Key Advantages:

  • Payment Benefit - Pay for only Half the Term
  • Payout Benefit – Guaranteed regular payout will range from 110% to 130% of Sum Assured
  • Protection Benefit - Additional benefit of Basic Sum Assured on Accidental Death
  • Earn bonuses from 1st year onwards

Main Benefits:

  • Regular Payouts:
    This plan provides you with regular cash backs as percentage of the Basic Sum Assured at equal intervals depending on the policy term chosen.
  • Maturity Additions:
    Along with the maturity payout a lump sum Maturity Addition will also be given for in-force policies. Maturity Additions will be as a percentage of the Basic Sum Assured and will vary depending on the Policy Term.
  • Maturity Benefits:
    On the date of maturity, the sum of the following will be paid out. Balance of the Basic Sum Assured (i.e. 40% of Basic Sum Assured)
    • Maturity Addition PLUS Accrued Reversionary bonus (if any)
    • Terminal bonus (if any).
  • Death Benefit:
    In the unfortunate event of death due to natural causes (other than accident) during the term of the policy, the nominee will receive the Sum Assured on death (as mentioned below) PLUS accrued Reversionary bonuses and Terminal bonus (if any).
  • Accidental Death Benefit:
    In case of death due to an Accident, an additional Basic Sum Assured will be paid along with the Death Benefit.
  • Additional protection through Riders:
    A rider is an add-on provision to a basic insurance policy that provides additional benefits to the policyholder at an additional cost. It’s a way to maximize the benefits on your life insurance policy and to customize it to suit your specific needs.
    Following rider options are available with the plan to provide additional protection:
    • Kotak Term Benefit (UIN:107B003V03)
    • Kotak Life Guardian Benefit (UIN:107B012V02)
    • Kotak Accidental Disability Guardian Benefit (UIN:107B011V02)
  • Tax Benefit:
    You may avail of tax benefits under Section 80C, 80D and Section 10 (10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change in the tax laws.


For more details contact your nearest Fullerton India branch.

*Insurance is the subject matter of solicitation.