Kotak Smart Life Plan Insurance

Benefits: 

• Offers protection up to the age of 75 years
• Convenience of choosing Bonus options: Cash Pay out or Paid-Up Addition
• Avail chosen Bonus option from end of 1 policy year onwards on monthly or yearly basis

Death Benefit

 Under Cash Bonus Pay out option:

• Sum Assured on death PLUS
• Interim bonus, if any PLUS
• Terminal bonus, if any PLUS
• Present Value of outstanding monthly cash bonus

Under Paid-Up Addition option:

• Sum Assured on death PLUS
• Accrued Paid-up Additions, if available PLUS
• Interim bonus, if any PLUS
• Terminal bonus, if any

Eligibility:

Entry Age      : Mini 3 Years,      Maxi: 50 / 55 / 54 Years

Maturity Age : 75 Years

Policy Term     : 75 Years – Entry Age

Premium Payment Term  : 6 /  8 / 10 / 12 / 15  Years

Premium Payment Mode    :  Yearly / Half Yearly / Quarterly

Minimum Premium     :  Rs.19,505 to Rs.40,120 (Based on PPT)

Maxi Premium :  No Limit

              Basic Sum Assured :  Mini : Rs.2,50,000  Max : No limit