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 Capital Multiplier Plan – Review, Key Features & Premiums
The Kotak Capital Multiplier Plan is a multi-purpose savings and investment plan that offers you returns in the form of bonuses on your premiums and has a flexible withdrawal option which gives you the power to decide the time and amount of withdrawals.
Notify me of kota, posts by email. If capitsl 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. 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.
A Supplementary Accumulation Account is created to hold these lump sums. Maturity or death claim proceeds under Section 10 10D.
These riders fortify your overall protection and ensure that you have peace of mind. Download its brochure here.
Iife insurance is very important. You may make one or more partial withdrawals each year, for the next capihal years or till the age of 75, whichever is earlier.
Get stock markets trading ideas and strategies. Your email address will not be published. Eligibility pan of Entry age — Min. 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: However, it can be revived within 2 years from the date of first unpaid premium.
Please help to evaluate Kotak Capital Multiplier plan
My Policies Log Out. Yearly, Half-Yearly, Quarterly and Monthly. Automatic Plwn Maintenance In case you miss your premium payment, Automatic Cover Maintenance facility will ensure that your insurance cover is in force. Equal to Policy Term. Cappital City Mumbai, Maharashtra. This plan is best suited for you… If you are looking for an investment plan for your child and want a flexible money-back plan that gives you the power to decide the amount and time of withdrawals.
Kotak Life Insurance Capital Multiplier Plan
There is also a feature of Lumpsum Injections where additional surplus fund can be paid to create Supplementary Accumulation Account. In case you have any surplus funds you may invest them at anytime in the policy. Share This Page Tweet. How it works — In this plan, there are 2 phases of this plan- the Accumulation Phase and the Withdrawal Phase.
Policy Cwpital in years. Your name or email address: Please don’t throw capiyal your website’s link.
Kotak Capital Multiplier Plan–Kotak Mahindra Life Insurance
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. In case you miss your premium payment, Automatic Cover Maintenance facility will ensure that your insurance cover is in force.
If you are planning for your retirement and require a plan that allows you to withdraw any amount as per your need and at the same time invests your money prudently to get you bonuses on the balance in your account.
This plan is ideal for you…. Notify me of follow-up comments by email. 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.
On completion of the Accumulation Phase, there is a period called Withdrawal Phase, which is 15 years or till age 75 years where you may choose to withdraw the money as and when you require while the remaining can be continued to be invested. Top-Up Premiums In case you have any surplus funds you may invest them at anytime in the policy.
Riders — There are 6 additional riders available with this policy: In this post given all information is very informative and useful. Cqpital can avail tax benefits on: