Kotak Life Insurance Launches Kotak Invest Maxima

• Zero premium allocation charge
• Survival Units: Paid up to 2% of Fund Value starting from 10th year & every 5th year thereafter
• Option to choose from two portfolio strategies: Systematic Switching Strategy, Self Managed
• Flexible premium payment options: Regular, Limited & Single Premium
• Additional protection available through optional riders

Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance), today announced the launch of Kotak Invest Maxima, an investment oriented Unit Linked Insurance Plan (ULIP).

While the plan’s zero premium allocation charge feature maximizes the investible component, the choice of three different portfolio management strategies affords customers tremendous flexibility in managing their portfolio. Customers can choose from (a) Self Managed Strategy which offers a choice of 5 attractive funds options, or, (b) Systematic Switching Strategy which enables the customer to invest in the equity market in a systematic manner over a period of time or (c) A customized combination of the two. In the last policy year, customers can choose to exit the policy in a secure and systematic manner, by selecting the Systematic Exit Strategy option which gradually diverts all fund balances into a lower risk money market fund, to avoid volatility and safeguard returns on maturity.

Apart from Regular premium payment option, the plan also offers limited and single premium payment options. Optional rider benefits can be bought to guard against unforeseen situations such as critical illness, accidental death and permanent disability. The maturity benefit is higher of Sum Assured or Fund Value. The plan offers additional Survival Units of up to 2% of Fund Value starting from 10th year and every 5th year thereafter. The plan also allows the policyholder to pay top up premiums at zero percent allocation charge