Get Kotak Smart Life Plan Pdf

To support you in this journey, Kotak Life proudly presents Kotak SmartLife Plan , 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 ...

This is a savings cum protection oriented plan offered by Kotak Mahindra life insurance. The plan provides guaranteed benefits and also secures the financial future of the family in case of any eventuality. Kotak Life Insurance POS Bachat Bima Plan provides different life cover options to choose from.

In case of Surrender, Surrender Charge of 0.05% of the Fund Value or `5,00,000, whichever is lower, during the first three policy years only. After three policy years, there will be no Surrender Charge applicable in case of surrender.

A duly filled and signed surrender request form with policy details, name and contact details. Original policy documents. Bank account details. A cancelled cheque of the account where the amount is to be deposited. Self-attested KYC documents.

Buying a life insurance plan entitles you tax benefits on: Your premiums under Section 80C. Maturity or death claim proceeds under Section 10 (10D). Disclaimer: Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws.

Kotak Life Insurance Company offers excellent on time claim settlement process with the claim ratio of 93.72% (as per IRDAI annual report for 2017-18). The prices of their premiums and plans are also really good.

Original policy documents. Copy of CI or YPD submitted for the withdrawal request (carry original documents for verification in the branch) Canceled cheque of the insured's name.

Surrender Policy: The surrender form and reason(s) for policy surrender needs to be submitted at the nearest Kotak Life Insurance Branch, along with the following documents: Original policy documents. Canceled cheque with the policyholder's name on it.

Kotak Life Insurance's Premier Life Plan is a limited premium payment, participating whole life plan. The plan provides insurance cover for death, and optional accident or disability covers along with bonus payout (if any), up to 99 years of age. The term of the policy is 99 years minus the entry age.