FINVESTguru: We Care Your Money (Insurance): Kotak Platinum Advantage Plus

In this policy, the investment risk in the investment portfolio is borne by the policyholder.

Overview

You've lived life on your own terms; always done what you've believed in. You are used to having the luxury of choice and the power to control. And you're constantly seeking new avenues of investment that match your approach to life.

Why an ideal plan

Kotak Platinum Advantage Plus is a power-packed plan that empowers you to customize your plan as per your investment goals. It is a powerful combination of features bringing benefits of high returns and protection in one single plan with utmost flexibility thus giving you complete control over your investments.

Advantages

· Flexibility to choose between safety and returns,

· High allocation of premiums to maximize your wealth

· Unparalleled flexibility in premium payments

· Wide range of funds to match your investment objective

· Choice of Life cover as per your needs

Key Features

Choice of Safety and Returns

The plan has the Shield Account which offers a Guaranteed Maturity Value*, to protect your money from the downside risk of markets at maturity. It also has the Dynamic Account, to offer potential for high returns. It also gives you the flexibility to choose a combination of Accounts to balance high returns with the Guaranteed Maturity Value.

Choice of Premium Payment options

The plan offers you the flexibility to reduce your annual premium from the year 2 onwards. Apart from this you have the option to choose your premium payment term with the option to stay invested for long.

Choice of various investment avenues

Choose from a wise range of 9 funds from aggressive to conservative to match your investment objective.

Choice of Life Cover

You may choose your life cover from Simple Protection to Double Protection to match your family's lifestyle.

Power of High Allocation of Premiums

High allocation boosts your investment potential and maximizes your wealth. The plan offers allocation up to 98% of premiums invested for the first 5 years and 100% thereafter.

Invest your surplus capital as Top-up premiums

Invest your surplus funds at any time as Top-ups, thus adding to your savings potential.

Switch between funds for better financial management

Switch between fund options as per your needs to maximize returns (subject to applicable charges).

Partial Withdrawals for easy liquidity

You have the flexibility to withdraw any amount from your fund (subject to applicable charges) after completion of three policy years and provided the life insured has attained the age of 18. Minimum fund value of Rs 25, 000 has to be maintained in each, Shield Account and Dynamic Account. If partial withdrawals are made from the Shield Account, then the Guaranteed Maturity Value on the Shield Account will cease.

Automatic Cover Maintenance

Enables your insurance cover to remain intact, whilst your fund balance allows it, should you miss your premium payments or stop them all together. This facility is available after payment of full premiums for first three policy years. The Guaranteed Maturity Value on the Shield Account will cease to apply if policy enters the Automatic Cover Maintenance Mode but can be reinstated in case of policy revival within 6 months from the date of first unpaid premium.

Tax Benefits

You can avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961. Tax Benefits are subject to change in the tax laws. You are advised to consult your Tax Advisor for details.

* Guaranteed Maturity Value is applicable if all the due premiums have been paid on time. Please refer to the product brochure for terms & conditions.

This is for information purposes only. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

Kotak Platinum Advantage Plus - 107L046V01

Insurance is the subject matter of the solicitation. This is a unit linked non-participating endowment plan. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Kotak Mahindra Old Mutual Life Insurance Ltd is only the name of the Insurance Company and Kotak Platinum Advantage Plus is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer.

Kotak Mahindra Old Mutual Life Insurance Ltd. Regn. No.:107, Regd. Office: 9th floor, Godrej Coliseum, Behind Everard Nagar, Sion (East), Mumbai – 400 022.