HISTORY

KOTAK life insurance is private limited company it was established in 1985.

KOTAK Life Insurance is one of the fastest growing insurance companies in India, trusted by
over 4 million policyholders nationwide. 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 Company that combines its international strengths and local advantages to offer its customers a
wide range of innovative life insurance products, helping them take important financial decisions
at every stage in life and stay financially independent.

INSURANCE PLANS
FAMILY
SAVINGS & INVESTMENT
PROTECTION
RETIREMENT
GROUP

PRODUCTS OFFERED BY KOTAK LIFE INSURANCE

FAMILY
Planning For Your Child Educations
Features

This is a simple Money Back Child Plan.

Reversionary Bonus + Terminal Bonus + Future Reversionary Bonuses are payable
on Policy Maturity.
Survival Benefit of 15%, 20%, 30% and 60% of Sum Assured is payable when the
child is 15, 17, 18 and 21 years respectively.
Thrice Death Benefit is payable in this plan- 200% of Sum Assured would be paid
immediately on death + Future Premiums waived off + Future Benefits and
Bonuses to be payable.
Optional higher cover through Riders.
Large Sum Assured Discount is also payable in this plan.

Benefits
Death Benefit In case of death of the Life Insured, the nominee 200% of Sum Assured would be
paid immediately on death + Future Premiums waived off and paid by the insurer+ Survival
Benefits to be payable +Reversionary Bonus + Terminal Bonus + Future Reversionary Bonus
would be payable
Survival Benefit The Life Insured would receive the following Survival Benefit
Age of Child
When the Child is 15 years old
When the Child is 17 years old
When the Child is 19 years old

Survival Benefit
15% of Sum Assured
20% of Sum Assured
30% of Sum Assured

Maturity Benefit At the maturity of the policy, the insured will get 60% of the Sum Assured +
accrued Reversionary Bonus + Terminal Bonus + Future Reversionary Bonus.

Income Tax Benefit Premiums paid under life insurance policy are exempted from tax under
Section 80 C and maturity proceeds are exempted from tax under Section 10 (10D)

Planning For Your Son's/Daughter's Wedding

features
Get cash payouts in the form of Future Boosters to plan that perfect wedding
Get a life cover to make sure that your responsibility towards them is fulfilled
even if you are not around
Ensure that the benefits are paid out even on accidental disability without any
obligation to pay future premiums
Benefit
200% of sum assured paid immediately
No obligation to pay future premium payments and policy continues as
originally scheduled.
The Future Boosters will be paid as scheduled.
All applicable bonuses (if any) will also be paid at maturity.

Caring For Elderly Parents

Benefit

You can oversee the care of your parent - you can ensure they have company, pleasant
surroundings, get taken out, eat properly and receive personal care, attention and love.
Your parent will not have to deal with financial stress, which can become more worrying for
them as they become older and less able to cope with their personal affairs.

You will not have to travel backwards and forwards to care for them.
You will not have to make expensive financial arrangements or their care.
You can hopefully enjoy precious time with your parent (as can your children)

Caring For Dependents With Special Needs

Features
Get a life cover till your 99th birthday through our eternal life plan. So at any age before 99, if
death occurs, your dependents have the necessary monetary cushion.
Get maturity lump sum on survival till age 99. You might gift that maturity amount as a lump
sum to your dependents through this whole life insurance plan.
Boost the term life insurance protection through riders such as Kotak Term/Preferred Term
Benefit.

Benefits
Cash rewards on survival to the end of premium paying term
Bonuses accumulated in your account are paid at the end of the premium paying term. With that
money, you can probably fund an interim expenditure of your life. For example sponsoring higher
education of your children.
Life insurance benefits which last a lifetime
Whether its during the premium payment period or till 99 years of age, we help lessen the financial
burden your family could face in the unfortunate event of a demise by offering the sum assured and
applicable bonuses to the nominees. Thus, we ensure your family stays financially secure at all times
through this whole life insurance plan.
Cash lump sum at 99 years of age in the form of additional bonuses
On achieving the age of 99, the company pays you a guaranteed sum assured plus all applicable
bonuses. We ensure that even at the age of 99, you have enough to leave behind a legacy for your
family.

SAVINGS & INVESTMENT

Kotak Assured Income Accelerator.
Features
This is a Traditional Money Back Plan without Bonus facility

This plan offers Guaranteed Payout every year for a period of 20 years
This plan also offers 104% to 110% of the Sum Assured as Maturity Benefit
If the Life Insured dies within the policy tenure, the Sum Assured is immediately paid as
Death Benefit, irrespective of the amount already paid as Death Benefit
There are 4 additional riders with this plan

Benefits
Death Benefit If the Life Insured dies within the policy tenure, the Sum Assured is paid as Death Benefit,
irrespective of the amount already paid out and the policy is terminated.
Survival Benefit This plan pays out every year from the end of 10th Policy year onwards for a period of 20
years. The payout depends on the Annual Premium

Annual Premium

Survival Benefit

Till Rs 24,999

9.10%

Rs 25,000 to Rs 74,999

9.70%

More than Rs 75000

10.10%

Maturity Benefit On maturity 104%-110% of the Sum Assured is paid as Maturity Benefit. It depends on
the Age at Entry.
It is calculated as Maturity Benefit= (110% - 0.1% X Age at Entry)
Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the
taxable income each year under section 80C

Kotak Premier Money Back Plan.

Features
This is a Traditional Money Back Plan with Bonus facility
This plan offers Guaranteed Payout every 5 Policy Years
This plan also offers Guaranteed Additions on Maturity- 20% for 15 years Term, 30% for 20 years Term
and 40% for 25 years Term.
The Death Benefit under this plan increases by 7% every year to keep pace with the inflation
This plan provides for Automatic Cover Maintenance facility which ensures that the policy remains in
force even if you miss premium payments after the first 3 year premiums have been paid
There are 6 additional riders with this plan
Benefits
Death Benefit If the Life Insured dies within the policy tenure, the associated Sum Assured is paid as
Death Benefit, irrespective of the amount already paid out
Survival Benefit This plan offers Guaranteed Payout every 5 Policy Years
Maturity Benefit On maturity the remaining Sum Assured is paid along with Guaranteed Additions and
vested Bonus as Maturity Benefit.
Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from
the taxable income each year under section 80C

Kotak Classic Endowment Plan

Features
This is a Traditional Endowment Plan with Bonus facility
The Premium is paid for a Limited period while the Policy continues for the entire Policy
Tenure
Higher of (Total Premiums Paid Charges + Bonus) or Basic Sum Assured would be paid
on Maturity or on earlier Death.
There are 6 additional riders with this plan
Benefits
Death Benefit If the Life Insured dies within the policy tenure, higher of the Basic Sum Assured or
the Accumulation Account will be paid as Death Benefit.
Maturity Benefit On maturity higher of the Basic Sum Assured or the Accumulation Account will be
paid to the Policyholder as Maturity Benefit.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from
the taxable income each year under section 80C

Kotak Premier Endowment Plan

Features
This is a Traditional Endowment Plan with Bonus facility
The Premium is paid for a Limited period while the Policy continues for the entire
Policy Tenure
Higher of (Total Premiums Paid Charges + Bonus) or Basic Sum Assured would be
paid on Maturity or on earlier Death.
There are 6 additional riders with this plan
Benefits
Death Benefit If the Life Insured dies within the policy tenure, higher of the Basic Sum Assured
or the Accumulation Account will be paid as Death Benefit.
Maturity Benefit On maturity higher of the Basic Sum Assured or the Accumulation Account will
be paid to the Policyholder as Maturity Benefit.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction
from the taxable income each year under section 80C

Kotak Assured Income Plan

Features
This is a Traditional Money Back Plan without Bonus facility
This plan offers Guaranteed Payout every year for a period of 20 years
This plan also offers 104% to 110% of the Sum Assured as Maturity Benefit
If the Life Insured dies within the policy tenure, the Sum Assured is immediately
paid as Death Benefit, irrespective of the amount already paid as Death Benefit
There are 4 additional riders with this plan

Benefits
Death Benefit If the Life Insured dies within the policy tenure, the Sum Assured is paid as Death
Benefit, irrespective of the amount already paid out and the policy is terminated.
Survival Benefit This plan pays out every year from the end of 10th Policy year onwards for a period
of 20 years. The payout depends on the Annual Premium

Annual Premium

Survival Benefit

Annual Premium

Survival Benefit

Till Rs 24,999

9.10%

Rs 25,000 to Rs 74,999

9.70%

More than Rs 75000

10.10%

Maturity Benefit On maturity 104%-110% of the Sum Assured is paid as Maturity Benefit. It depends on
the Age at Entry.
It is calculated as Maturity Benefit= (110% - 0.1% X Age at Entry)

Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the
taxable income each year under section 80C

Kotak Platinum
Features
It is a Unit Linked Insurance Plan without Bonus

There is Regular and Limited pay option in this plan

There are 8 funds for investment purpose
There are Loyalty Additions in this plan every 5 years starting from the end of the 10
policy year onwards
Loyalty Additions in this plan is equal to 2% of the Average Fund ValueOn survival till the
end of the Policy Tenure, the Fund Value, inclusive of Loyalty Additions is paid to the
policyholder as Maturity Benefit

In case of death of the Life Insured within the Policy Tenure, higher of the Sum Assured or
the Fund Value is paid to the nominee as Death Benefit
There are additional riders in this plan

Benefits
Death Benefit In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher
of the Sum Assured and the Fund Value.
Maturity Benefit When the policy matures, the Fund Value, inclusive of all Loyalty Additions, is paid to
the policyholder as Maturity Benefit.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the
taxable income each year under section 80C and the Maturity proceeds are tax free under section 10(10)D
subject to fulfilment of terms and conditions

Kotak Single Invest Advantage.

Features
This is a non-Traditional Unit Linked Plan without Bonus facilityThus, in this plan, premium needs to
be paid in a Lumpsum.
There is Loyalty Additions in this plan:
2.25% for Premium of Rs 50,000 to Rs 1,99,999
3% for Premium more than Rs 2,00,000
The Loyalty Additions are calculated as a % of the Average Fund Value of the last 3 policy years
In this plan, there are 2 options for choosing Death Benefit

Benefits
Death Benefit If the Life Insured dies within the policy tenure, Death Benefit is paid to the
nominee
Option I - Basic Sum Assured = 5 X Single Premium paid, then Death Benefit is:
In First policy Year- Higher of Basic Sum Assured or Fund Value
From 2nd Policy Year onwards- Higher of 25% of Basic Sum Assured or Fund Value
Option 2- Basic Sum Assured = 1.25 X Single Premium paid, then Death Benefit is higher of Basic
Sum Assured or Fund Value
Maturity Benefit On maturity, the entire Fund Value is paid to the policyholder as Maturity Benefit
and the policy terminates.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction
from the taxable income each year under section 80C and the Maturity Proceeds are tax free under
section 10(10)D subject to fulfilment of terms and conditions.

Kotak Ace Investment Plan.

Features
It is a Unit Linked Insurance Plan without Bonus
There is Regular and Limited pay option in this plan
There are 8 funds for investment purpose
On survival till the end of the Policy Tenure, the Fund Value is paid to the policyholder as
Maturity Benefit
In case of death of the Life Insured within the Policy Tenure, higher of the Sum Assured
or the Fund Value is paid to the nominee as Death Benefit
There are additional riders in this plan
Benefits
Death Benefit In case of death of the Life Insured within the Policy Tenure, the nominee gets the
higher of the Sum Assured and the Fund Value.
Maturity Benefit When the policy matures, the Fund Value is paid to the policyholder as Maturity
Benefit.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction
from the taxable income each year under section 80C and the Maturity proceeds are tax free under
section 10(10)D subject to fulfilment of terms and conditions

Kotak Wealth Insurance

Features
Unit linked insurance plan where the investment risk is borne by the policyholder
Offers a unique feature of Triple Death Benefit
Death Benefit is available even on death of the policyholder if different from the life
insured.
Comes with option of shorter premium payment term

Benefits
Death Benefit -There is Triple Death Benefit under both options of this policy:
If the Life Insured and the Policyholder are the same, then death benefit is Sum Assured plus Fund
value plus Lump Sum Benefit of all future premiums that are due.If Life Insured and Policyholder are
not the same, then On Death of the Life Insured, Death Benefit is Sum Assured plus Fund value On
Death of the Policyholder, Lump Sum Benefit of all future premiums that are due would be paid
Maturity Benefit On maturity, the Fund Value is paid to the policyholder.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction
from the taxable income each year under section 80C

Kotak Invest Maxima.

Features
No premium allocation charge Flexible premium payment option single premium, regular
premium or limited premium Choose from 2 portfolio strategies Systematic or Self
Managed
Optional riders for additional protection
Survival units are paid up to 2% of Fund Value starting from 10th year and
5th year thereafter

once every

Benefits
Death Benefit In the unfortunate event of death, your family would get receive:
Higher of:
Basic Sum Assured or
105% of the premiums paid up to the time of death
Fund Value including Survival Units
Maturity Benefit On maturity, the Fund Value is paid to the policyholder. It will be the sum of Fund
Value in the Main Account including Survival Units (if any) and Fund Value in Top-up Accounts (if any)
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from
the taxable income each year under section 80C

Kotak Gramin Bima Yojana.

Benefits
Tax benefits
Yes, the premiums paid under the plan will qualify for a deduction under Sec.80C and the maturity
proceeds are fully exempt under Sec 10(10 D).
Maturity Benefits:

With the Kotak Gramin Bima Yojana, your money grows 1.5 times on maturity, i.e. you get back
150% of the single premium
Death Benefit
In the event of your death the beneficiary would receive the guaranteed death benefit. Depending upon
the year of the event, the death benefit payable is as follows
Entry Age Details
Minimum age- 18 years Maximum age- 45 years

PROTECTION
Kotak Saral Suraksha
Features

It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit
No Medical Tests would be required for this plan
It has minimum documentation requirement.
Surrender Benefit is available to Single Premium Policies only

Benefit
Death Benefit In case of death of the policy holder, the nominee would receive the sum assured under
this policy.
Maturity Benefit There are no maturity benefits under this plan.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from
the taxable income each year under section 80C

Kotak E-term / E-preferred Term Plan

Features
It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit, which can be purchased
online without any agent intervention.
Option to move to other non-term plans of Kotak Life Insurance.
Option to Step Up the life cover on any event without any medical underwriting with an additional
premium.
On Marriage- 50% of the Sum Assured can be increased.
House Purchase- 50% of the Sum Assured can be increased.
Birth or Legal Adoption of a child- 25% of the Sum Assured can be increased.
On 1st, 3rd and 5th policy anniversary- 25% of the Sum Assured can be increased.
This option can be exercised at one or more of the events listed above, provided your total revised Sum
Assured is not more than 3 times your original Sum Assured.
The policy can be Stepped Down also if further increase in sum assured is not required.
Benefits
Death Benefit In case of death of the life insured, the nominee would receive the sum assured under this
policy.
Maturity Benefit There are no maturity benefits under this plan.
Income Tax Benefit - Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the
taxable income each year under section 80C

RETIREMENT
Kotak E-lifetime Income Plan
Features
Premium needs to be paid upfront while pension continues forever
There are 4 options for Annuity in this plan
Lifetime Income
Last Survivor Lifetime Income
Lifetime Income with a Term Guarantee
Lifetime Income with Cash-Back
It is an Immediate Annuity plan
The rate at which the Income option is issued is guaranteed for life.
Income option, once selected, cannot be changed thereafter
Annuity can be taken monthly,
quarterly, half-yearly or yearly

Benefits
Income Tax Benefit The premium paid is tax free under Section 80CCC of Income Tax Act, 1961.
Income paid by the annuity is taxable in the hands of the customer.
Death Benefit Being an Annuity Plan, there is no Death Benefit as such. Only under Lifetime
Income with Cash-Back Option, the nominee gets the entire Single Premium paid at policy inception
as Death Benefit. There is no Death Benefit under other options.
Survival Benefit There are Survival benefits under this plan according to the Plan option selected
Lifetime Income - In this option, Annuity will continue till the death of the policyholder and nothing
further is payable
Last Survivor Lifetime Income - In this option, Annuity will continue till the death of the last survivor
of the policyholder or his spouse
Lifetime Income with a Term Guarantee - In this option, Annuity will continue at least for 5/10/15/20
years as chosen by the policyholder and then till the death of the policyholder

Maturity Benefit Being a pure Annuity Plan, there are no Maturity Benefits under this plan.
Income Tax Benefit The premium paid is tax free under Section 80CCC of Income Tax Act, 1961.
Income paid by the annuity is taxable in the hands of the customer

GROUP
Kotak Leave Encashment Group Plan
is designed to cater to the needs of Employee's leave encashment liabilities increasing over the period of
time. This product is designed to reduce the financial strain on the employer by helping them fund their
Leave encashment liabilities payable to employees. This will also help the employee fund for the leave
encashment benefit systematically & effectively and release resources for your core business activities
Kotak Secure Return Superannuation Plan
Kotak Secure Return Superannuation Benefit is designed to cater to the needs of Employers / Trustees
State governments / Central government / PSUs planning to fund group members' superannuation benefit
schemes. This product is designed as a comprehensive employee benefit solution to manage the
superannuation schemes in the most efficient manner.
Kotak Secure Return Employee Benefit Plan
Kotak Secure Return Employee Benefit Plan is designed to cater to the needs of Employers / Trustees State
governments / Central government / PSUs planning to fund group members' benefit schemes. This product
is designed as a comprehensive employee benefit solution to manage the Gratuity and Leave Encashment
schemes in the most efficient manner.

Kotak Superannuation Group Plan II

"IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE
POLICYHOLDER."
In today's time when the prospect of out-living retirement savings is larger than ever, few employees take
the time to plan their long-term financial goals or have the discipline to systematically save for their
retirement years. As an employer of choice, you can help your employees tremendously by assisting in
their retirement planningand, in turn, increase employee retention. The solution lies in Kotak Life
Insurance's Kotak Superannuation Group Plan - II. This plan offers:
Defined Benefit Scheme - In this scheme, employers provide employees a specific retirement benefit
based on salary and years of service. Such plans are funded by employer contributions. If there is any
shortfall between the amounts available in the scheme for payment to the employee, the shortfall will be
made good by the master policyholder/employer.
Defined Contribution Scheme - In this scheme, both employees and/or employers can contribute
towards fund accumulation and the rate of employer and/or employee contributions are usually defined as
a percentage of salary. This scheme is becoming more important for workers in today's evolving
marketplace where the average worker may switch jobs and even careers multiple times over the course
of a lifetime. Both employer and employee can contribute to this scheme. The fund value at the time of
benefit payment will be payable.

Kotak Term Group Plan

In this age of competition where technology and systems are available to every organization, it's the people
that differentiate the good from the great. Your organization has people - Your customers as well as Your
employees - that are of immense value to you. One of their prime concerns is the security and safety of their
families. Being an organization of repute you would like to share this responsibility by providing them with a
solution that meets their need.
Kotak Term Group Plan provides life cover to the member, by paying a lump sum benefit to the beneficiary
in case of an unfortunate event. There is also an option available for the member to opt for additional
voluntary life cover for self and spouse. There is also a range of riders available to cover other risks like
disability, dismemberment, illness, family benefit and functional impairment. It is an ideal solution that
provides security to the families of your members in case of an adversity.
Kotak Credit Term Group Plan
The Kotak Credit Term Group Plan provides life cover to a group of borrowers of credit institutions (banks,
retail finance providers etc.) with the life assured being the borrower and the credit institution being the
beneficiary (only to the extent of the outstanding loan; the rest of the amount is paid to the nominee of the
life assured). It is a non-participating yearly renewable plan. In the unfortunate event of death of the member
during the term of the policy, the outstanding loan amount would be repaid by Kotak Life Insurance,
relieving the member's family of the loan liability and eliminating risk of loss due to death of the borrower to
the credit institution.

Kotak Gratuity Group Plan

"IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY

THE POLICYHOLDER."
Gratuity is not just a statutory obligation but also a very important tool today to retain and attract
talented employees. However, gratuity liability of the employer tends to increase with an increase in
the salary and tenure of employment
A comprehensive and effective gratuity plan will help you in reducing business costs and meet the
funding needs to make gratuity payments. It will also help you avail tax benefits as applicable to
approved gratuity funds.
Kotak Life Insurance offers Kotak Gratuity Group Plan (KGGP) - a Unit-linked group gratuity plan
that will not only help you fund for the gratuity obligation systematically & effectively but also will
help you release resources for your core business activities.

Kotak Complete Cover Group Plan

Kotak Complete Cover Group Plan provides life cover to a group of borrowers of the credit /lending
institution (banks, retail finance providers etc.). It is a non-participating single-premium plan and can be
customized to cover all types of loans and repayment terms.
The plan can be mandatory or voluntary. In the unfortunate event of death of the borrower during the term
of the policy, the outstanding loan amount will get extinguished relieving the borrower's family of the loan
liability and will also eliminate the risk of loss due to death of the borrower to the Credit Institution
Kotak Group Assure
Kotak Group Assure Plan protects the family of the life insured from risk of loan liability falling on their
head in case of the demise of the insured. At the same time, it shields credit institutions from the risk of
loan non-payments due to death, illness and disability. It also helps to protect customer's assets and savings
in the unfortunate event of death, illness or disability.

Kotak Group Shield

A comprehensive group insurance plan for financial institutions to safeguard their financial assets from
default payments, the Kotak Group Shield Plan covers your customers' loans and savings. Its wide-ranging
life insurance cover also protects the well-being of your customers and their family members in the event of
death, illness or disability.