You can make plans for a better future with the help of Kotak Fortune Maximiser, a limited pay participation endowment plan that can be customised to meet your needs.
Dividends, Winning from Lotteries, Interest on Securities, Keyman Insurance Policy, subletting of house property, family pension, interest on bank deposit, interest on loan given, rent from vacant plot of land, agriculture income, interest on income tax refund, post office saving certificates, gift, gift received from relatives,
This document describes the features and benefits of LIC's New Jeevan Anand plan. It is a participating non-linked plan that offers savings and life insurance. The plan provides a death benefit equal to the sum assured plus bonuses if the policyholder dies during the policy term. It also provides the sum assured plus bonuses as a maturity benefit if the policyholder survives until the end of the selected term. The document provides details on eligibility, premiums, sums assured, bonuses, surrender value, revival, loan and cooling-off periods.
E-Brochure For Kotak Fortune Maximiser - Kotak LifeShaunakPatel19
"Kotak Fortune Maximiser" is a limited pay participation endowment plan that may be tailored to your needs in order to help you plan for a brighter future by offering a variety of plan, payout, and rider options.
It explains the basic concept of how employee stock option plan works and gives a brief about the rules governing the issuance of the same as mentioned under the Companies Act, 2013. It also mentions the rules in place which govern the issuance of employee stock option plan by a foreign company to its employees resident in India. It also explains two case studies about the issuance of ESOP by Flipkart and redbus and how sometimes employees might be cheated in the name of ESOP.
This document summarizes retirement benefits for central government employees in India. It discusses pension benefits including minimum eligibility, calculation of pension, and family pension. It also covers commutation of pension, death/retirement gratuity, general provident fund, contributory provident fund, leave encashment, and group insurance schemes. Some tips for retirement planning are provided, emphasizing the importance of starting to save early and making retirement a top financial priority.
LIC New Jeevan Tarun Premium Payment plan,
LIC New Jeevan Tarun Premium Payment plan chart,
LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium Payment plan table,
lic of india LIC New Jeevan Tarun Premium Payment plan,
LIC New Jeevan Tarun Premium Payment plan 834,
LIC New Jeevan Tarun Premium Payment chart,
LIC New Jeevan Tarun Premium Payment policy chart,
lic of india LIC New Jeevan Tarun Premium Payment chart,
LIC New Jeevan Tarun Premium Payment premium chart,
LIC New Jeevan Tarun Premium PaymentLIC chart,
LIC New Jeevan Tarun Premium Payment maturity chart,
LIC New Jeevan Tarun Premium Payment policy,
LIC New Jeevan Tarun Premium Payment calculator,
LIC New Jeevan Tarun Premium PaymentLIC,
lic of india LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium Payment review,
LIC New Jeevan Tarun Premium Payment returns,
LIC New Jeevan Tarun Premium Payment policy details,
LIC New Jeevan Tarun Premium PaymentLIC policy details,
LIC New Jeevan Tarun Premium PaymentLIC policy,
lic policy LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium Payment illustration,
LIC New Jeevan Tarun Premium Payment premium calculator,
LIC New Jeevan Tarun Premium Payment table,
LIC New Jeevan Tarun Premium Payment table 834,
LIC New Jeevan Tarun Premium Payment brochure,
LIC New Jeevan Tarun Premium Payment policy ofLIC,
LIC New Jeevan Tarun Premium Payment 834,
LIC New Jeevan Tarun Premium Payment table no 834,
LIC New Jeevan Tarun Premium PaymentLIC policy review,
LIC New Jeevan Tarun Premium Payment maturity calculator,
LIC New Jeevan Tarun Premium Payment maturity table,
lic india LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium Payment plan details,
LIC New Jeevan Tarun Premium Payment policy calculator,
LIC New Jeevan Tarun Premium Payment policy review,
LIC New Jeevan Tarun Premium Payment policy status,
LIC New Jeevan Tarun Premium Payment maturity amount calculator,
lic plan LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium PaymentLIC plan,
lic policies LIC New Jeevan Tarun Pre
LIC New Children's Money Back Premium Payment plan,
LIC New Children's Money Back Premium Payment plan chart,
LIC New Children's Money Back Premium Payment,
LIC New Children's Money Back Premium Payment plan table,
lic of india LIC New Children's Money Back Premium Payment plan,
LIC New Children's Money Back Premium Payment plan 834,
LIC New Children's Money Back Premium Payment chart,
LIC New Children's Money Back Premium Payment policy chart,
lic of india LIC New Children's Money Back Premium Payment chart,
LIC New Children's Money Back Premium Payment premium chart,
LIC New Children's Money Back Premium PaymentLIC chart,
LIC New Children's Money Back Premium Payment maturity chart,
LIC New Children's Money Back Premium Payment policy,
LIC New Children's Money Back Premium Payment calculator,
LIC New Children's Money Back Premium Payment,LIC,
lic o
Jeevan Shanti Single Premium calculator, Jeevan Shanti Single Premium chart, Jeevan Shanti Single Premium lic chart, Jeevan Shanti Single Premium plan, Jeevan Shanti Single Premium plan chart, Jeevan Shanti Single Premium policy chart, Jeevan Shanti Single Premium premium chart, lic Jeevan Shanti Single Premium, lic Jeevan Shanti Single Premium calculator, lic Jeevan Shanti Single Premium chart, lic Jeevan Shanti Single Premium maturity chart, lic Jeevan Shanti Single Premium plan, lic Jeevan Shanti Single Premium plan 850, lic Jeevan Shanti Single Premium plan chart, lic Jeevan Shanti Single Premium plan table, lic Jeevan Shanti Single Premium policy, lic Jeevan Shanti Single Premium policy chart, lic Jeevan Shanti Single Premium premium chart, lic of india Jeevan Shanti Single Premium chart, lic of india Jeevan Shanti Single Premium plan
This document discusses tax planning strategies for salaried individuals, dividing them into salary restructuring and investing in tax-saving devices. For salary restructuring, it recommends structuring salary to include tax-exempt allowances like housing, uniforms, education, etc. It also discusses commuting pension and transferring provident funds. For tax-saving investments, it lists options under sections 80C, 80D, 80E, 80G, etc and explains how to claim deductions and maximize tax savings within the specified limits.
Dividends, Winning from Lotteries, Interest on Securities, Keyman Insurance Policy, subletting of house property, family pension, interest on bank deposit, interest on loan given, rent from vacant plot of land, agriculture income, interest on income tax refund, post office saving certificates, gift, gift received from relatives,
This document describes the features and benefits of LIC's New Jeevan Anand plan. It is a participating non-linked plan that offers savings and life insurance. The plan provides a death benefit equal to the sum assured plus bonuses if the policyholder dies during the policy term. It also provides the sum assured plus bonuses as a maturity benefit if the policyholder survives until the end of the selected term. The document provides details on eligibility, premiums, sums assured, bonuses, surrender value, revival, loan and cooling-off periods.
E-Brochure For Kotak Fortune Maximiser - Kotak LifeShaunakPatel19
"Kotak Fortune Maximiser" is a limited pay participation endowment plan that may be tailored to your needs in order to help you plan for a brighter future by offering a variety of plan, payout, and rider options.
It explains the basic concept of how employee stock option plan works and gives a brief about the rules governing the issuance of the same as mentioned under the Companies Act, 2013. It also mentions the rules in place which govern the issuance of employee stock option plan by a foreign company to its employees resident in India. It also explains two case studies about the issuance of ESOP by Flipkart and redbus and how sometimes employees might be cheated in the name of ESOP.
This document summarizes retirement benefits for central government employees in India. It discusses pension benefits including minimum eligibility, calculation of pension, and family pension. It also covers commutation of pension, death/retirement gratuity, general provident fund, contributory provident fund, leave encashment, and group insurance schemes. Some tips for retirement planning are provided, emphasizing the importance of starting to save early and making retirement a top financial priority.
LIC New Jeevan Tarun Premium Payment plan,
LIC New Jeevan Tarun Premium Payment plan chart,
LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium Payment plan table,
lic of india LIC New Jeevan Tarun Premium Payment plan,
LIC New Jeevan Tarun Premium Payment plan 834,
LIC New Jeevan Tarun Premium Payment chart,
LIC New Jeevan Tarun Premium Payment policy chart,
lic of india LIC New Jeevan Tarun Premium Payment chart,
LIC New Jeevan Tarun Premium Payment premium chart,
LIC New Jeevan Tarun Premium PaymentLIC chart,
LIC New Jeevan Tarun Premium Payment maturity chart,
LIC New Jeevan Tarun Premium Payment policy,
LIC New Jeevan Tarun Premium Payment calculator,
LIC New Jeevan Tarun Premium PaymentLIC,
lic of india LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium Payment review,
LIC New Jeevan Tarun Premium Payment returns,
LIC New Jeevan Tarun Premium Payment policy details,
LIC New Jeevan Tarun Premium PaymentLIC policy details,
LIC New Jeevan Tarun Premium PaymentLIC policy,
lic policy LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium Payment illustration,
LIC New Jeevan Tarun Premium Payment premium calculator,
LIC New Jeevan Tarun Premium Payment table,
LIC New Jeevan Tarun Premium Payment table 834,
LIC New Jeevan Tarun Premium Payment brochure,
LIC New Jeevan Tarun Premium Payment policy ofLIC,
LIC New Jeevan Tarun Premium Payment 834,
LIC New Jeevan Tarun Premium Payment table no 834,
LIC New Jeevan Tarun Premium PaymentLIC policy review,
LIC New Jeevan Tarun Premium Payment maturity calculator,
LIC New Jeevan Tarun Premium Payment maturity table,
lic india LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium Payment plan details,
LIC New Jeevan Tarun Premium Payment policy calculator,
LIC New Jeevan Tarun Premium Payment policy review,
LIC New Jeevan Tarun Premium Payment policy status,
LIC New Jeevan Tarun Premium Payment maturity amount calculator,
lic plan LIC New Jeevan Tarun Premium Payment,
LIC New Jeevan Tarun Premium PaymentLIC plan,
lic policies LIC New Jeevan Tarun Pre
LIC New Children's Money Back Premium Payment plan,
LIC New Children's Money Back Premium Payment plan chart,
LIC New Children's Money Back Premium Payment,
LIC New Children's Money Back Premium Payment plan table,
lic of india LIC New Children's Money Back Premium Payment plan,
LIC New Children's Money Back Premium Payment plan 834,
LIC New Children's Money Back Premium Payment chart,
LIC New Children's Money Back Premium Payment policy chart,
lic of india LIC New Children's Money Back Premium Payment chart,
LIC New Children's Money Back Premium Payment premium chart,
LIC New Children's Money Back Premium PaymentLIC chart,
LIC New Children's Money Back Premium Payment maturity chart,
LIC New Children's Money Back Premium Payment policy,
LIC New Children's Money Back Premium Payment calculator,
LIC New Children's Money Back Premium Payment,LIC,
lic o
Jeevan Shanti Single Premium calculator, Jeevan Shanti Single Premium chart, Jeevan Shanti Single Premium lic chart, Jeevan Shanti Single Premium plan, Jeevan Shanti Single Premium plan chart, Jeevan Shanti Single Premium policy chart, Jeevan Shanti Single Premium premium chart, lic Jeevan Shanti Single Premium, lic Jeevan Shanti Single Premium calculator, lic Jeevan Shanti Single Premium chart, lic Jeevan Shanti Single Premium maturity chart, lic Jeevan Shanti Single Premium plan, lic Jeevan Shanti Single Premium plan 850, lic Jeevan Shanti Single Premium plan chart, lic Jeevan Shanti Single Premium plan table, lic Jeevan Shanti Single Premium policy, lic Jeevan Shanti Single Premium policy chart, lic Jeevan Shanti Single Premium premium chart, lic of india Jeevan Shanti Single Premium chart, lic of india Jeevan Shanti Single Premium plan
This document discusses tax planning strategies for salaried individuals, dividing them into salary restructuring and investing in tax-saving devices. For salary restructuring, it recommends structuring salary to include tax-exempt allowances like housing, uniforms, education, etc. It also discusses commuting pension and transferring provident funds. For tax-saving investments, it lists options under sections 80C, 80D, 80E, 80G, etc and explains how to claim deductions and maximize tax savings within the specified limits.
What is NPS ? || Benefits || National Pension System ||Law of Compounding
The National Pension System (NPS) is a government-run pension scheme with the objectives of providing income during retirement, reasonable market returns, and expanding pension coverage. Subscribers receive a unique Permanent Retirement Account Number (PRAN). Contributions to NPS are eligible for tax benefits. Subscribers can choose from Tier I savings accounts with withdrawal restrictions or Tier II voluntary savings accounts. Funds are invested in equity, government bonds, and corporate bonds according to the subscriber's age. At least 40% of the corpus must be used to purchase an annuity on maturity.
The document discusses the National Pension System (NPS) introduced by the Indian government. It provides details on key aspects of NPS including:
- NPS allows individuals to contribute during employment and withdraw funds after retirement at age 60. Contributions are invested based on the individual's preferences.
- There are two tiers - Tier 1 is mandatory and contributions cannot be withdrawn before retirement. Tier 2 is optional and allows premature withdrawals.
- Investment options fall into different risk classes. Individuals must choose a Pension Fund Manager to manage their investments.
- NPS aims to provide pension coverage to a large unorganized workforce but so far has achieved low penetration with only around 200,000
LIC Jeevan Akshay VI (Table 189) is an immediate annuity plan that can be bought by paying a lump-sum as Single Premium. Know what it actually means for you.
An overdraft allows short-term borrowing within a set limit from your bank account, with interest charged only on amounts used. While flexible and avoiding large loans, overdrafts have higher interest than loans and the bank can change limits or demand faster repayment.
- Devendra Nagar has been offered a position as Systems Support Associate at Dell's proposed SEZ unit located in Noida, India.
- The letter outlines Devendra's compensation package, including a basic salary of 84,618 INR per year plus allowances totaling 126,927 INR, as well as bonus eligibility and benefits.
- The terms and conditions annexed to the letter specify Dell's expectations regarding work rules, confidentiality, intellectual property, data protection, and export compliance.
Deduction under Section 80 (income tax act )Narender777
Under Section 80C, individuals can claim a tax deduction of up to Rs. 1,50,000 for amounts paid towards life insurance premiums, provident funds, eligible investments and more. Section 80CCC provides an additional deduction of up to Rs. 1,50,000 for contributions to certain pension plans. Section 80CCD allows deductions of up to Rs. 1,50,000 for contributions to Central Government pension schemes.
G.D.C.&A. and C.H.M.- JOB & CAREER ORIENTED GOVERNMENT COURSES.Adv Bornak B R
GDC&A and CHM are Government Courses to provide opportunities of Job and Career as professionals and consultants in Co-operative Housing, Credit, Consumers etc. societies, Co-operative Banks and Government services.
1. The document appears to be a collection of forms related to the Payment of Gratuity Act of 1972 in India.
2. The forms include notices of opening an establishment (Form A), notices of change (Form B), notices of closure (Form C), notices for excluding or withdrawing exclusion of a husband from family (Forms D and E), nomination forms (Forms F and G), and statements of employee particulars.
3. The forms require information such as the name and address of the establishment, name and designation of the employer, number of employees, nature of industry, and details regarding notices of change, closure, family status, and nomination of beneficiaries for gratuity payments.
1. El Shaddai Engineering Private Limited is offering Manikandan.M a position as an Instrumentation Designer at Fichtner in Chennai.
2. The terms include a monthly CTC of Rs. 29,000 with a basic salary of Rs. 25,196 and overtime pay of Rs. 100 per hour for hours worked over 180 in a month.
3. Manikandan is expected to comply with all client and company rules and his employment is considered contractual with no claim to permanent employment.
Put the contract with your employees in black & white. Easy to use Casual Employment Agreement template. Suitable throughout Australia and up to date with the National Employment Standards.
Download this document (and many others!) at LegalZebra.com.au
Get the full template here - http://www.legalzebra.com.au/legal-forms/casual-employment-agreement-template/
Also browse our other documents on Employment Agreements
From the current financial year 2020-21, Individuals & HUFs are having an option to select between old tax system & New Tax system to discharge their tax obligations. CBDT has recently issued a circular clarifying that employees need to intimate their respective employers regarding their choice and accordingly employer shall compute TDS. However in the absence of intimation, employer shall proceed according to existing tax system. Our tax team has explained the nuances of old and new tax system alongwith detailed comparison making the selection easy.
This document discusses group credit life insurance (GCLI) or mortgage redemption insurance (MRI). It provides details on eligibility requirements, coverage amounts based on outstanding loan balances, premium rates, and circumstances for termination of individual insurance coverage. The top five non-life insurance companies in the Philippines are also listed by net worth.
The document provides information on profession tax regulations across various states in India, including tax slabs, payment and return filing due dates, and definitions of salary. It covers states like Andhra Pradesh, Assam, Bihar, Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtra, and Manipur. Key details like tax rates, forms to be used, and recent amendments are mentioned for profession tax administration in each state.
Hire purchase is a method of sale where goods are leased by a creditor, usually a finance company, to a customer. The customer takes possession of the goods and agrees to pay for them in periodic installments. Ownership remains with the creditor until the final installment is paid, at which point it transfers to the customer. Hire purchase agreements must be in writing and include details of the goods, purchase price, installment amounts and due dates. The customer can terminate the agreement at any time before ownership transfers.
The document discusses taxation rules for charitable trusts in India. It explains that charitable trusts must be registered under section 12A of the Income Tax Act to receive tax exemptions under sections 11 and 12. It outlines the application process and defines charitable purposes. It also discusses exemption eligibility, filing requirements, audit rules, and sections 80G and 80G that allow donors to receive deductions for donations to registered trusts.
Mr. Prolay Ray is offered the position of Marketing Manager at J.M. INFOTECH starting January 7, 2015. The letter outlines the terms and conditions of employment, including an annual compensation package of Rs. 0.96 lacs, mobile and travel expenses, and a performance-based allowance of 2% of total business achieved. The appointment will be confirmed upon submission of documents such as educational qualifications, identity proofs, previous employment details, and bank account information.
The Employees Provident Funds & Miscellaneous Provisions Act, 1952 provides retirement benefits to employees in India, including a lump sum amount at retirement and a pension. It applies to establishments with 20 or more employees. The Act established three schemes - Employees' Provident Fund Scheme, Employees' Pension Scheme, and Employees' Deposit Linked Insurance Scheme. It is managed by the Central Board of Trustees for the Provident Fund with representation from central and state governments, employers, and employees.
The document provides information about the National Pension Scheme (NPS) in India. It discusses the regulations, tax benefits, eligibility, investment options, fund performance, and withdrawal process for the NPS. Key points include that the NPS is regulated by PFRDA and offers tax deductions on contributions. Subscribers can choose from multiple pension fund managers and allocate contributions across equity, corporate bond and government security asset classes. Partial and lump sum withdrawals are allowed under certain conditions.
It is always suggested to have a habit of savings as this will help our family in our absence to face all financial uncertain events.
https://www.bhartiaxa.com/savings-plans
We all are suggested to have a habit of savings. Because we all have to have a savings plan for financial protection of family. With more benefits of life coverage and many more.
https://www.bhartiaxa.com/savings-plans
What is NPS ? || Benefits || National Pension System ||Law of Compounding
The National Pension System (NPS) is a government-run pension scheme with the objectives of providing income during retirement, reasonable market returns, and expanding pension coverage. Subscribers receive a unique Permanent Retirement Account Number (PRAN). Contributions to NPS are eligible for tax benefits. Subscribers can choose from Tier I savings accounts with withdrawal restrictions or Tier II voluntary savings accounts. Funds are invested in equity, government bonds, and corporate bonds according to the subscriber's age. At least 40% of the corpus must be used to purchase an annuity on maturity.
The document discusses the National Pension System (NPS) introduced by the Indian government. It provides details on key aspects of NPS including:
- NPS allows individuals to contribute during employment and withdraw funds after retirement at age 60. Contributions are invested based on the individual's preferences.
- There are two tiers - Tier 1 is mandatory and contributions cannot be withdrawn before retirement. Tier 2 is optional and allows premature withdrawals.
- Investment options fall into different risk classes. Individuals must choose a Pension Fund Manager to manage their investments.
- NPS aims to provide pension coverage to a large unorganized workforce but so far has achieved low penetration with only around 200,000
LIC Jeevan Akshay VI (Table 189) is an immediate annuity plan that can be bought by paying a lump-sum as Single Premium. Know what it actually means for you.
An overdraft allows short-term borrowing within a set limit from your bank account, with interest charged only on amounts used. While flexible and avoiding large loans, overdrafts have higher interest than loans and the bank can change limits or demand faster repayment.
- Devendra Nagar has been offered a position as Systems Support Associate at Dell's proposed SEZ unit located in Noida, India.
- The letter outlines Devendra's compensation package, including a basic salary of 84,618 INR per year plus allowances totaling 126,927 INR, as well as bonus eligibility and benefits.
- The terms and conditions annexed to the letter specify Dell's expectations regarding work rules, confidentiality, intellectual property, data protection, and export compliance.
Deduction under Section 80 (income tax act )Narender777
Under Section 80C, individuals can claim a tax deduction of up to Rs. 1,50,000 for amounts paid towards life insurance premiums, provident funds, eligible investments and more. Section 80CCC provides an additional deduction of up to Rs. 1,50,000 for contributions to certain pension plans. Section 80CCD allows deductions of up to Rs. 1,50,000 for contributions to Central Government pension schemes.
G.D.C.&A. and C.H.M.- JOB & CAREER ORIENTED GOVERNMENT COURSES.Adv Bornak B R
GDC&A and CHM are Government Courses to provide opportunities of Job and Career as professionals and consultants in Co-operative Housing, Credit, Consumers etc. societies, Co-operative Banks and Government services.
1. The document appears to be a collection of forms related to the Payment of Gratuity Act of 1972 in India.
2. The forms include notices of opening an establishment (Form A), notices of change (Form B), notices of closure (Form C), notices for excluding or withdrawing exclusion of a husband from family (Forms D and E), nomination forms (Forms F and G), and statements of employee particulars.
3. The forms require information such as the name and address of the establishment, name and designation of the employer, number of employees, nature of industry, and details regarding notices of change, closure, family status, and nomination of beneficiaries for gratuity payments.
1. El Shaddai Engineering Private Limited is offering Manikandan.M a position as an Instrumentation Designer at Fichtner in Chennai.
2. The terms include a monthly CTC of Rs. 29,000 with a basic salary of Rs. 25,196 and overtime pay of Rs. 100 per hour for hours worked over 180 in a month.
3. Manikandan is expected to comply with all client and company rules and his employment is considered contractual with no claim to permanent employment.
Put the contract with your employees in black & white. Easy to use Casual Employment Agreement template. Suitable throughout Australia and up to date with the National Employment Standards.
Download this document (and many others!) at LegalZebra.com.au
Get the full template here - http://www.legalzebra.com.au/legal-forms/casual-employment-agreement-template/
Also browse our other documents on Employment Agreements
From the current financial year 2020-21, Individuals & HUFs are having an option to select between old tax system & New Tax system to discharge their tax obligations. CBDT has recently issued a circular clarifying that employees need to intimate their respective employers regarding their choice and accordingly employer shall compute TDS. However in the absence of intimation, employer shall proceed according to existing tax system. Our tax team has explained the nuances of old and new tax system alongwith detailed comparison making the selection easy.
This document discusses group credit life insurance (GCLI) or mortgage redemption insurance (MRI). It provides details on eligibility requirements, coverage amounts based on outstanding loan balances, premium rates, and circumstances for termination of individual insurance coverage. The top five non-life insurance companies in the Philippines are also listed by net worth.
The document provides information on profession tax regulations across various states in India, including tax slabs, payment and return filing due dates, and definitions of salary. It covers states like Andhra Pradesh, Assam, Bihar, Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtra, and Manipur. Key details like tax rates, forms to be used, and recent amendments are mentioned for profession tax administration in each state.
Hire purchase is a method of sale where goods are leased by a creditor, usually a finance company, to a customer. The customer takes possession of the goods and agrees to pay for them in periodic installments. Ownership remains with the creditor until the final installment is paid, at which point it transfers to the customer. Hire purchase agreements must be in writing and include details of the goods, purchase price, installment amounts and due dates. The customer can terminate the agreement at any time before ownership transfers.
The document discusses taxation rules for charitable trusts in India. It explains that charitable trusts must be registered under section 12A of the Income Tax Act to receive tax exemptions under sections 11 and 12. It outlines the application process and defines charitable purposes. It also discusses exemption eligibility, filing requirements, audit rules, and sections 80G and 80G that allow donors to receive deductions for donations to registered trusts.
Mr. Prolay Ray is offered the position of Marketing Manager at J.M. INFOTECH starting January 7, 2015. The letter outlines the terms and conditions of employment, including an annual compensation package of Rs. 0.96 lacs, mobile and travel expenses, and a performance-based allowance of 2% of total business achieved. The appointment will be confirmed upon submission of documents such as educational qualifications, identity proofs, previous employment details, and bank account information.
The Employees Provident Funds & Miscellaneous Provisions Act, 1952 provides retirement benefits to employees in India, including a lump sum amount at retirement and a pension. It applies to establishments with 20 or more employees. The Act established three schemes - Employees' Provident Fund Scheme, Employees' Pension Scheme, and Employees' Deposit Linked Insurance Scheme. It is managed by the Central Board of Trustees for the Provident Fund with representation from central and state governments, employers, and employees.
The document provides information about the National Pension Scheme (NPS) in India. It discusses the regulations, tax benefits, eligibility, investment options, fund performance, and withdrawal process for the NPS. Key points include that the NPS is regulated by PFRDA and offers tax deductions on contributions. Subscribers can choose from multiple pension fund managers and allocate contributions across equity, corporate bond and government security asset classes. Partial and lump sum withdrawals are allowed under certain conditions.
It is always suggested to have a habit of savings as this will help our family in our absence to face all financial uncertain events.
https://www.bhartiaxa.com/savings-plans
We all are suggested to have a habit of savings. Because we all have to have a savings plan for financial protection of family. With more benefits of life coverage and many more.
https://www.bhartiaxa.com/savings-plans
Whole Life Participating Insurance - Max Life Insurancesagar057
This document summarizes a whole life insurance plan called Max Life Whole Life Super offered by Max Life Insurance. The key features include:
1. It provides guaranteed lifetime protection up to age 100, with the life cover amount increasing through bonuses over time.
2. The premium payment term can be chosen as 10, 15, or 20 years. Bonuses can be received in cash, used to offset future premiums, or purchase additional sum assured.
3. The plan offers flexibility such as partial withdrawals from the paid-up additions, and additional protection through optional riders.
4. The death benefit pays out the higher of guaranteed amounts or sums assured, along with bonuses. Surrender value is pay
1. HDFC Life Uday is a traditional non-linked life insurance plan that provides savings, protection and bonuses.
2. Key features include guaranteed additions of 3% annually for 5 years, reversionary bonuses declared yearly, and accidental death benefit.
3. The plan offers multiple premium and policy term options. On death, the nominee receives the sum assured plus bonuses or 105% of premiums paid, whichever is higher. On maturity, the policyholder receives the sum assured plus all accrued bonuses.
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
Click2Wealth is a high return ULIP plan by HDFC Life which offers premium waiver benefit, tax benefits and whole life coverage with golden years benefit option. Buy Now!
ULIP - Buy High Return ULIP Policy Online in India | HDFC LifeLisaDavid26
This document summarizes a unit-linked insurance plan from HDFC Life. Key highlights include:
- The plan offers three options - Invest Plus, Premium Waiver, and Golden Years Benefit.
- Premiums can be paid regularly or as a lump sum. Fund value grows based on investment performance.
- Death benefit is highest of sum assured, fund value, or total premiums paid. Premium waiver option waives future premiums on proposer's death.
- Plan has lock-in period of 5 years during which partial withdrawals and policy discontinuance rules apply.
Aegon Life iGuarantee Max Savings Brochure.pdfAegon Life
At various junctures of life, you would need to achieve several goals, small or big, like buying your first vehicle to funding a child’s education or a peaceful retirement. The list could be endless but chalking out these goals at different points in your life, and the finances needed to achieve them is necessary. Therefore, choosing a flexible savings life insurance plan is imperative which not only helps you achieve those goals, but also keeps your family financially secured in case you are not around. To help you with this, we at Aegon Life bring to you ‘Aegon Life iGuarantee Max Savings’, an insurance plan that offers you more than just the steady growth of your corpus while simultaneously helps you in achieving the milestones and safeguarding your family against unfortunate events
Sanchay Plus: Long Term Savings Income Plan Online 2022 - HDFC LifeLisaDavid26
Sanchay Plus Long Term Savings Plan by HDFC Life offers guaranteed pay-out & tax-free retirement income benefits. Click here to buy Sanchay Plus Savings Plan Now!
This document summarizes a non-linked, participating life insurance plan called Sanchay Par Advantage that provides lifelong coverage and regular income. The plan offers two options - Immediate Income which provides cash bonuses annually and a lump sum payout at maturity, or Deferred Income which provides guaranteed income for a set period and cash bonuses. Premiums can be paid flexibly. The plan pays cash bonuses annually, guaranteed income under Deferred Income, and a maturity benefit including bonuses and sum assured. It also pays a death benefit including bonuses and sum assured.
E-Brochure For Kotak Assured Pension - Kotak LifeShaunakPatel19
To guarantee that you have a comfortable retirement and can pursue your goals Kotak Life Insurance offers Kotak Assured Pension, a non-linked and non-participating annuity plan that guarantees a steady stream of income based on your needs for the duration of your life.
E-Brochure For Kotak Assured Pension - Kotak LifeShaunakPatel19
To ensure that you have a financially comfortable retirement and that you can satisfy your desires Kotak Life Insurance introduces Kotak Assured Pension, a non-linked and non-participating annuity plan that guarantees a consistent source of income for the rest of your life, based on your needs.
HDFC click to achieve for child future securesumit466232
This document describes two savings life insurance plans - Click 2 Achieve Smart Student and Click 2 Achieve Dream Achiever.
Smart Student provides guaranteed income for 3-5 years to cover education expenses, starting when the child is 16 or 18. It offers flexibility, guaranteed returns, and waiver of premium benefits.
Dream Achiever offers customizable guaranteed immediate income according to one's needs. It provides flexibility in death benefits, premiums, terms and income amounts. Both plans aim to help achieve life goals and dreams.
Max Life Whole Life Super, a life insurance plan in which you
pay premiums for only a limited number of years and enjoy protection up to the age 100 years.
Whole Life Super Brochure - Maxlife Insurancesagar057
This 3 sentence summary provides the high level information about the document:
The document is a product brochure that describes the Max Life Whole Life Super plan, a traditional participating whole life insurance plan that provides lifetime guaranteed life insurance coverage up to age 100. The plan offers flexible premium payment terms and bonus options, and allows policyholders to access funds through partial withdrawals or surrender. The brochure provides details on plan benefits, premiums, bonuses, surrenders and riders available under the Max Life Whole Life Super plan.
E-Brochure For Kotak Assured Savings Plan - Kotak LifeShaunakPatel19
Kotak Assured Savings Plan provides reasonable insurance, but it also assists in the accumulation of money for future financial goals by providing assured rewards.
Planning for the old age when the ability to earn diminishes while the expenses to live a dignified and healthy life start rising is of utmost importance.
Kotak e-Invest - a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and requirements. Click here to know more about it.
The document describes an insurance plan that offers several options:
1. Return of Premium: Provides life coverage and returns all premiums paid at maturity.
2. Income Benefit: Provides life coverage and monthly income payments starting at age 60.
3. Return of Premium with Life-stage cover: Provides adjustable life coverage based on life stage and returns all premiums paid at maturity.
4. Early return of Premium with Life-stage cover: Similar to 3 but returns all premiums earlier, at age 60 or 70.
The plan allows customization of coverage amounts, benefit options, and return of premium timing. It provides life insurance protection as well as premium returns.
E-Brochure For Kotak e-term Plan - Kotak LifeShaunakPatel19
Kotak e-Term Plan – a specially designed pure risk cover plan that provides protection to your loved ones. This plan offers the option to enhance your coverage against Accidental Death, Total and Permanent Disability.
Similar to E-Brochure For Kotak Fortune Maximiser - Kotak Life (20)
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Heather Elizabeth HamoodHeather Elizabeth Hamoodheatherhamood
Heather Hamood is a Licensed Physician who enjoys playing the Violin in her spare time. In addition to helping people as a Doctor, she loves to share her passion for the violin.
CRYPTOCURRENCY REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE...itsfaizankhan091
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
June 20, 2024
CRYPTOCURRENCY: REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE
Cryptocurrency: Revolutionizing the Financial Landscape and Shaping the Future
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
#### The Genesis of Cryptocurrency
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
#### The Proliferation of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies, or altcoins, have emerged. Each of these altcoins aims to improve upon Bitcoin or serve specific purposes within the digital economy. Notable examples include Ethereum, which introduced smart contracts – self-executing contracts with the terms of the agreement
Introduction to Metro in India by cosmo soil.pptxcosmo-soil
The metro system in India is a vital part of urban mobility, providing eco-friendly, efficient, and affordable transportation. This article explores its history, benefits, and future developments, highlighting how metros enhance quality of life and drive urban development.
E-Brochure For Kotak Fortune Maximiser - Kotak Life
1.
2. 1
Kotak Fortune Maximiser
A Non-Linked, Participating Savings, Life Insurance Plan
You earn and work hard to accomplish your dreams and aspirations.
The aspirations can be ensuring the best in class education for your
children or going through the golden years without any financial
hassles, or leaving behind a legacy for your child / grandchild. You may
also wish to go for a luxurious dream vacation with loved ones.
However, in this journey, you will come across some unexpected
financial commitments, which may deplete your savings and disrupt
yourplans.
What if you have a support that will not only help you in fulfilling your
dreams but will also take care of your near and dear ones in case you are
notaround…
Kotak Life proudly presents “Kotak Fortune Maximiser”, a limited pay
participating endowment plan, which can be customized as per your
requirement to help you plan for a better future through multiple plan,
payout & rider options. This product will help you to accumulate and
createacorpustofulfilbiggergoalsandplanforastress-freelife.
3. Key Advantages
2
What are the Plan Options available?
You have the flexibility to choose from 3 Plan Options, on inception, basis your
requirement:
• LifeGoalMaximiser
• BrightFutureMaximiser
• GoldenYearsMaximiser
PlanOption:LifeGoalMaximiser
Under this Plan Option, the policyholder shall have the flexibility to choose any one of
the3BonusPayoutOptions:
• Cash Bonus (Immediate Payout): Under this option, the Cash Bonus (if declared)
will be payable to you on a monthly OR yearly basis (as opted for). The monthly /
yearly bonus will be payable, starting from the end of first policy year, till the end of
policy term, or on death or on surrender (if any), provided the premium due on the
firstpolicyanniversary ispaidandthepolicyisinforce
• Cash Bonus (Deferred Payout): Under this option, you will have the flexibility to
choose a tenurepost which youwould liketo receive the Cash Bonus. This is called
the Deferment Period. You can choose 5 / 7 / 10 years as Deferment Period. During
thisperiod, CashBonusshallnotbepayable
Flexibility to choose from 3 Plan Options to fulfil your goal:
- Life Goal Maximiser
- Bright Future Maximiser
- Golden Years Maximiser
Multiple Plan Options
Multiple Bonus Payout
Options
Flexibility to choose from 3 Bonus Payout Options as per your
convenience:
- Cash Bonus (Immediate Payout)
- Cash Bonus (Deferred Payout)*
- Paid-Up Additions
Secure your life & provide financial protection to your loved
ones till 85 yrs
Long Life Cover
Flexibility to secure your spouse’s life under the same plan
Spouse Cover
Comprehensive coverage for yourself & loved ones through
6 Riders
Multiple Riders
Avail High Sum Assured with the same premium for Female Life
Enhanced
Sum Assured for
Female Life
*Cash Bonus (Deferred Payout) is not applicable for Bright Future Maximiser and
Golden Years Maximiser.
4. 3
PosttheDefermentPeriod(asoptedfor),theCashBonus(ifdeclared)willbe
payabletoyouonamonthly/yearlybasisstarting fromtheendoffirstpolicy
monthORyear,tilltheendofthepolicyterm
• Paid-Up Additions: Under this option, the Cash Bonus (if declared) will be utilized
to purchase additional Sum Assured in the form of Paid-Up Additions, throughout
the policy term. Paid-Up Additions shall be payable on Death or Maturity OR you
will have the flexibility of encashing the Cash Value of accrued Paid-Up Additions
subjecttoterms&conditions
PlanOption:BrightFutureMaximiser
This plan option shall help you to plan for your children’s education, higher studies,
marriage or setup a future business. The child shall be Nominee under the plan
option.
Under this Plan Option, you shall have to choose the tenure during which, the Cash
Bonus will be utilised to purchase Paid-Up Additions and accrue. Kindly note, during
this tenure, only accrual in the form of Paid-Up Additions shall be allowed and you do
not have the option to choose Cash Bonus (Immediate or Deferred Payout). The
minimum & maximum accumulation tenure available under this Plan Option is 5 to 18
years.
Post completion of the tenure, you will receive the Cash Value of accrued Paid-Up
Additions as Survival Benefit along with Cash Bonus for the respective year. Under
thisplanoption, thechildshallbethenominee.
You will have the flexibility to choose the duration over which the Survival Benefit
wouldbepayable.Thishastobeselectedprior totheduedateofSurvival Benefit:
• LumpsumOR
• InEqualInstallmentsovernext3yearsOR
• InEqualInstallmentsovernext5years
Post the above payout is made, you will also have the flexibility to choose whether to
receivefutureBonusPayoutintheformof
• CashBonus(ImmediatePayout)OR
• AccumulatethemintheformofPaid-UpAdditions
Note:
• You shall receive a notification to opt for Bonus Payout either in the form of “Paid
UpAdditions” or“CashBonus(ImmediatePayout)”,
- three months prior to the end of the payout tenure (in case the payout tenure is
3/5years)or
- threemonthsprior tothelumpsumpayout(incaseoflumpsum)
5. 4
Tips:
For example,
On the other hand,
The accumulation tenure should be selected in such a way, so that it meets your requirement
toprovidebest-in-classeducationoraluxuriousmarriageorsettingupabusinessforyourchild.
if your child is 5 years old, and you wish to plan for his Higher Education at 22 years,
youshouldideallychooseaaccumulationtenureof16or17yearswithalumpsumpayoutoption.
if your child is 5 years old and you wish to plan to pay the annual tuition fees for 4
years of Graduation (when the Child is 18 years), you should opt for a tenure of 12 or 13 years, along
withpayoutininstalmentsover5years.
PlanOption:GoldenYearsMaximiser
This option shall help you create a corpus for your retirement, so that you can enjoy your
goldenyearswithyourlovedones,withoutanyfinancialworries.
Under this Plan Option, the Cash Bonus will be utilized to purchase Paid-Up Additions till
the Life Insured turns 60 years, post which, the Cash Value of accrued Paid-Up Additions
will be payable in lump-sum, as Survival Benefit along with Cash Bonus for the respective
year. Kindly note, during this tenure, only accrual in the form of Paid-Up Additions shall be
allowed and you do not have the option to choose Cash Bonus (Immediate or Deferred
Payout).
Post the above payout is made, you will also have the flexibility to choose whether to
receivefutureBonusPayoutintheformof
• CashBonus(ImmediatePayout)OR
• AccumulatethemintheformofPaid-UpAdditions
Note:
• You shall receive a notification to opt for Bonus Payout either in the form of “Paid Up
Additions”or“CashBonus(ImmediatePayout)”,
o three months prior to the end of the payout tenure (in case the payout tenure is 3/5
years)or
o threemonthspriortothelumpsumpayout(incaseoflumpsum)
• You should select any one of the above mentioned two payout options within 45 days
of receiving such communication. In case we do not receive any communication from
your side within the stipulated 45 days of receiving communication, the default option
shallbe“PaidUpAdditions”
• *CashBonus(DeferredPayout)isnotapplicableforGoldenYearsMaximiser
• You should select any one of the above mentioned two payout options within 45
days of receiving such communication. In case we do not receive any communication
from your side within the stipulated 45 days of receiving communication, the default
optionshallbe“PaidUpAdditions”
• CashBonus(DeferredPayout)isnotapplicableforBrightFutureMaximiser
*
*
6. 5
PlanBenefits:
DeathBenefit:
If all due premiums have been paid under a policy, in the event of the Life Insured’s
demise,duringthepolicyterm,thedeathbenefitpayableshallbeasmentionedbelow:
#
The life cover for Spouse shall cease on the policy anniversary following attainment
of age of 85 years or end of the Policy Term, whichever is earlier. In case the policy
anniversary coincides with the date of birth of the Spouse, the life cover will cease on
thedateofattainmentofageof85yearsorendofthePolicyTerm,whicheverisearlier.
#
WhereSumAssuredondeathisHIGHESTof:
1
1) 11timesofAnnualised Premium (includingextrapremium,ifany)OR
2) BasicSumAssured,whichistheguaranteedmaturitybenefitOR
3) 105%ofallpremiumspaid(includingextrapremium,ifany)tillthedateofdeath
1
Annualised Premium is the premium payable in a policy year, excluding Goods and
Services Tax, Cess, rider premium, underwriting extra premiums and loadings for
modalpremium,ifany.
DeathBenefit(incaseSpouseCoverhasbeenselected):
Under all plan options, you have the flexibility to cover the Spouse of the Life Insured
as well. The option to select “Spouse Cover” shall only be available at inception. You
have the flexibility to choose the Sum Assured on death for Spouse between 50% to
100%oftheBasicSumAssuredapplicableforPrimary LifeInsured.
If all due premiums (including additional premium with respect to Spouse) have been
paid under a policy, in the event of the demise of Primary Life Insured / Spouse, during
thepolicyterm,benefitshallbeasmentionedbelow:
Policies where Paid-Up Additions is opted
#
• Sum Assured on death ; PLUS
• Accrued Paid-Up Additions (if any); PLUS
• Interim Bonus (if declared) PLUS
• Terminal Bonus (if declared);
Policies where Cash Bonus is opted
(Immediate & Deferred Payout)
#
• Sum Assured on death PLUS
• Interim Bonus (if declared) PLUS
• Terminal Bonus (if declared)
Death of Spouse
(prior to Primary Life Insured)
• Sum Assured on death for Spouse PLUS
• Policy continues with all Benefits for
Primary Life Insured (provided premiums
are being paid)
Death of Primary Life Insured
(prior to Spouse)
• Death Benefit as mentioned above PLUS
• Waiver of Future Premiums w.r.t Spouse
PLUS
• Policy continues with Life Cover of
Spouse till end of Policy Term or
attainment of age 85 years, whichever is
#.
earlier
7. 6
In case of simultaneous demise of both Primary Life Insured & Spouse, the following
DeathBenefitshallbepayableandthepolicywillterminatepostbenefitpayout
• SumAssuredondeathPLUS
• Accrued Paid-Up Additions (if any, for policies where Paid-Up Additions is opted)
PLUS
• InterimBonus(ifdeclared)PLUS
• TerminalBonus(ifdeclared)PLUS
• SumAssuredondeathforSpouse
BonusPayout:
The Survival Benefit shall be payable as per the Bonus Payout (opted for), as
mentionedbelow:
CashBonus(ImmediateorDeferredPayout):
Underthisoption, theCashBonusshallbepayableasmentionedbelow:
• Immediate Payout: Cash Bonus (if declared)shall start at end of first policy yearon
monthly/yearlybasis,providedthepremiumdueatthatdateispaid
• Deferred Payout: Cash Bonus (if declared) shall start at end of 1st policy month
/ year, post completion of Deferment Period of 5/7 or 10 years, as opted by you,
You also have the option to choose Cash Payout on a monthly basis, which shall
be calculated as:
(96% * Yearly Cash Bonus Payout / 12)
Paid-UpAddition:
Under this option, the Cash Bonus (if declared) will get utilized to purchase additional
Sum Assured in the form of Paid-Up Additions. The “Cash Bonus”, for Basic Sum
Assured and Paid-Up Additions will be declared separately which in turn will get
utilized to purchase additional Sum Assured in the form of Paid-Up Addition at the
endofthepolicyyear.
Paid-Up Additions are additional guaranteed benefits payable on death or maturity.
Paid-Up Addition will be calculated as: [Paid-Up Addition Factor for the attained age
XCashBonus]
SamplePaid-UpAddition factorsareasfollows:
Age on exercising Paid-Up Addition option
25
35
45
55
Paid-Up Addition Factor
1.76098
1.68650
1.58418
1.46152
8. 7
7
MaturityBenefit:
On survival of Life Insured / Primary Life Insured (in case of Spouse Cover Option), till
the end of the policy term, if all due premiums are paid, the following Maturity Benefit
willbepayableandpolicywillgetterminated.
Under Cash Bonus (Immediate & Deferred) Payout Option, the Maturity Benefit
payableshallbe:
• BasicSumAssuredPLUS
• CashBonus(ifdeclared)PLUS
• Terminalbonus (ifdeclared)
UnderPaid-UpAdditionOption,theMaturityBenefitpayableshallbe:
• BasicSumAssuredPLUS
• CashBonus(ifdeclared)PLUS
• AccruedPaid-upAddition (ifavailable)PLUS
• Terminalbonus (ifdeclared)
In case you have opted for Spouse Cover, there shall not be any additional benefit
payableonMaturitywithregardtoSpouse.
EncashmentofPaid-UpAdditions:
In case you have selected Paid-Up Additions under your policy, you have the flexibility
to encash the Paid-Up Additions as and when required by taking the Cash Value of
Paid-Up Additions. The remaining Paid-Up Additions will continue to participate in
futureprofits.
The flexibility to encash Paid-Up Additions will be available only from second policy
year onwards till end of the policy term subject to availability of Paid-Up Additions.
You can only encash for a maximum of 6 times in a policy year with minimum amount
ofCashValuebeing`3,000.
EnhancedSumAssuredforFemaleLife:
Females will be eligible for enhanced Sum Assured. Additional Sum Assured of 1%
will be offered only if the female life is Primary Life Insured. The same shall not be
applicablefortheSpouse, incaseSpouseCoverisselected.
TaxBenefit:
You may avail of tax benefits as specified under the Income Tax Act, 1961. Tax
benefits are subject to change as per tax laws. You are advised to consult your Tax
Advisor for details. Goods and Services Tax and Cess as applicable shall be levied
overandabovepremiumamountshownhereasperapplicabletaxlaws.
OtherBenefits:
9. 8
AdditionalProtectionthroughRiders:
Increase the protection level for Primary Life Insured under the plan by choosing from
widerangeofoptional ridersavailableonpaymentofadditionalpremium:
• Kotak Term Benefit Rider (UIN: 107B003V03): Allows additional death cover on
thelifeofPrimary LifeInsuredoverandabovethebaseplan’sDeathBenefit
• Kotak Accidental Death Benefit Rider (UIN:107B001V03): Lump sum benefit paid
on accidental death of the Primary Life Insured in addition to Death Benefit under
thebaseplan
• Kotak Permanent Disability Benefit Rider (UIN:107B002V03): Instalments paid on
admissionofaclaimonPrimary LifeInsuredbecomingdisabledduetoaccident
• Kotak Life Guardian Benefit (UIN: 107B012V02): On death of Policyholder, future
premiums of the plan will get waived off and the base plan will continue as it is
withoutanychangeintheplanbenefits
• Kotak Accidental Disability Guardian Benefit (UIN 107B011V02): On accidental
disability of Policyholder, future premiums of the plan will get waived off and the
baseplanwillcontinueasitiswithoutanychangeintheplanbenefits
• Kotak Critical Illness Plus Benefit Rider (UIN: 107B020V01): Rider Sum Assured
shall be payable on admission of a claim on any one of the 37 covered critical
illness, with respect to Primary Life Insured, subject to terms and conditions,
definitionsandspecificexclusions
For more details on riders and exclusions, please refer to the Individual Rider
Brochurebeforeconcluding thepurchase.
Eligibility
EntryAgeofLifeInsured
(asonlastbirthday)
Min: 0years(90days)
Max: 50years–6&15pay
55years–8/10&12pay
IncaseSpouseCoverisavailed:
Min: 18years(Primary LifeInsured&Spouse)
Max: 60years(Spouse)
MaturityAgeofLifeInsured
(asonlastbirthday)
85yearsforPrimary LifeInsured
IncaseSpouseCoverisavailed:
85yearsorAgeatMaturitywhicheverislower- forSpouse.
PolicyTerm 85 years less Entry Age of Life Insured (Primary Life Insured
incaseSpouseCoveroption ischosen)
10. 9
BasicSumAssured Basic Sum Assured shall depend upon the Age, Gender,
Policy Term, Premium Payment Term, Premium Amount &
BonusPayoutOptionschosen.
Basic Sum Assured is the Guaranteed Maturity Benefit to be
payableondeathormaturity.
Sum Assured on Death for Spouse shall be 50% - 100% of the
BasicSumAssuredapplicableforPrimary LifeInsured.
PremiumLevels(Annual) Min:
6&8Pay:`48,000
10/12&15Pay: `36,000
Max: No Limits, subject to Board Approved Underwriting
Policy
PremiumPaymentTerm 6/8/10/12&15years
PremiumPaymentMode Yearly,Halfyearly,Quarterly andMonthly
PremiumModalFactor Yearly–100%,Halfyearly–51%,Quarterly –26%,
Monthly–8.8%
Illustration:
Given below is an illustration of the benefits payable, for a healthy male aged 35 years
for an Annual Premium of ` 1,00,000, a premium payment term of 12 years and for
Basic Sum Assured of ` 11,09,647 and Bonus Payout has been selected as Paid-Up
Additions underLifeGoalMaximiser.
1 36 1,00,000 33,912 61,400 0 0 0 0 11,09,647
5 40 5,00,000 1,74,305 3,37,240 0 0 0 0 11,09,647
10 45 10,00,000 3,60,077 7,58,245 0 0 0 0 11,09,647
15 50 12,00,000 5,56,475 12,76,935 0 0 0 0 12,60,000
20 55 12,00,000 7,62,569 19,07,718 0 0 0 0 12,60,000
25 60 12,00,000 9,77,385 26,65,198 0 0 0 0 12,60,000
30 65 12,00,000 11,99,547 35,62,243 0 0 0 0 12,60,000
35 70 12,00,000 14,27,215 46,08,155 0 0 0 0 12,60,000
40 75 12,00,000 16,58,287 58,07,800 0 0 0 0 12,60,000
45 80 12,00,000 18,90,027 71,57,773 0 0 0 0 12,60,000
50 85 12,00,000 20,72,586 83,29,559 5,12,274 67,57,845 36,94,506 1,61,97,052 12,60,000
End of
Policy
Year
Age
(yrs)
Cumulative
Annual
Premium
(in `)
@ 4% p.a.^ @ 8% p.a. ^
Accrued Paid-Up
Addition
Cash Payout and
Terminal Bonus
at Maturity
#
Maturity Benefit Sum
Assured on
death*
@ 4% p.a.^ @ 8% p.a. ^ @ 8% p.a. ^
@ 4% p.a.^
Non-Guaranteed Benefits Total Benefits including Guaranteed
and Non-Guaranteed Benefits
11. 10
Please note: The above illustration is an extract of a separate, more detailed benefit illustration. For details,
please refer to the Benefit Illustration. The above premium figures are exclusive of Goods and Services Tax
and Cess, as applicable. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax
lawsoverandabovethesaidpremiums.
#
Sum of Basic Sum Assured, Accrued Paid-up Additions (if available), Cash Bonuses (if declared) and
Terminalbonus (ifdeclared).
*Accrued Paid-Up Additions (if available), Terminal Bonus (if declared) and Interim Bonus (if declared) will be
payableoverandabovetheSumAssuredondeath.
^The assumed non-guaranteed rates of return chosen in the illustration are 4% p.a. and 8% p.a. These
assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get
back as the valueof yourpolicy is dependent on a number of factors including futureinvestmentperformance.
The actual experience may be different from the illustrated. The guaranteed and non-guaranteed benefits are
applicable only if all due premiums are paid. Cash Bonus and Terminal Bonus have been calculated at the
assumed non-guaranteed rates of return of 4% p.a. & 8% p.a. Please note that Bonuses are NOT guaranteed
andmaybeasdeclaredbytheCompany fromtimetotime.
It refers to the premium payable in a policy year, excluding the underwriting extra
premiums and loadings for modal premium, if any., e.g. If the policyholder is paying
Half-yearly premium of ` 51,000 then the Annualised Premium will be ` 100,000
(` 51,000 / modal factor of 51%). This premiumwill also be excludingRider Premiums,
ifanyandGoods andServices TaxandCess,asapplicable.
Cash Bonus (Immediate Payout): At the end of each financial year throughout the
policy term, the company may declare a bonus expressed as a percentage of the
Basic Sum Assured. The Cash Bonus will be this percentage multiplied by the Basic
SumAssured.
These Bonuses are not guaranteed. These Cash Bonuses will be applicable provided
all due premiums have been paid in full. The Cash Bonus shall be payable, either on
monthly or yearlybasis, as opted by you.Cash Bonus shall be payable till end of policy
termortilldeath(ifany)ortillsurrender(ifany),whicheverisearlier.
Bonuspaymentofthefirstpolicyyear:
Yearly / monthly cash bonus, if declared, pertaining to first policy year shall be
payable at the end of the 13th policy month, provided the premium due on the first
policyanniversary ispaidandthepolicyisinforceatthatpointintime.
Bonuspaymentofsecondandsubsequentpolicyyear:
The policyholder will be entitled to receive the cash bonus, if declared, at the end of
TermsandConditions:
AnnualisedPremium:
Bonus:
12. thepolicyyear/month(asoptedbythepolicyholder),providedthepolicyisinforce.
CashBonus(DeferredPayout):
Postcompletion of Deferment Period,the company maydeclarea bonus, at the end of
each financial year throughout the policy term, expressed as a percentage of the
Basic Sum Assured. The Cash Bonus will be this percentage multiplied by the Basic
SumAssured.
These Bonuses are not guaranteed. These Cash Bonuses will be applicable provided
all due premiums have been paid in full. The Cash Bonus payable shall be either on
monthly or yearly basis, as opted by you. Cash Bonus shall start from the end of first
policy month / year immediately post completion of Deferment Period. The same
shall be payable till end of policy term or till death (if any) or surrender (if any),
whicheverisearlier.
Deferred Cash Bonus is not applicable for “Bright Future Maximiser” & “Golden Years
Maximiser”.
‘The policyholder who has opted for “Yearly Cash Bonus Payout” has the flexibility to
change to “Monthly Cash Bonus Payout” within the First Policy Anniversary under
Immediate Payout option and prior to the end of Deferment Period under Deferred
Payoutoption; postwhichthisoption tomodify thefrequencyofCashBonus shallnot
beallowed.'
Paid-UpAdditions:
At the end of each financial year throughout the policy term, the company may
declare a bonus expressed as a percentage of the Basic Sum Assured. The Cash
BonuswillbethispercentagemultipliedbytheBasicSumAssured.
These Bonuses are not guaranteed. These Cash Bonuses will be applicable provided
all due premiums have been paid in full. The Cash Bonus payable, will be utilized to
purchasePaid-Up Additions.This will be done till the end of the policy term or death or
surrender, whichever is earlier. These Paid-Up Additions shall also participate in the
profits of the Company. At the end of each financial year, the Company may declare
Cash Bonus Rates which will be applied on Basic Sum Assured and Accrued Paid-Up
Additions. The Cash Bonus rate on Paid–Up Additions and Basic Sum Assured may
bedifferent.
Once the policy has been made Reduced Paid-Up, Cash Bonuses are not declared in
subsequentyearsforthatpolicyunlessthepolicyisrevived.
Interim Bonus: In the event of a claim, an interim bonus (if declared) may be payable
at such rate as may be decided by the Company. This interim bonus rate will be
expressed as a percentage of Basic Sum Assured or Accrued Paid-Up Additions (if
11
13. 12
available), as the case may be. Interim bonus rate may be declared at the end of each
Financial Year and shall be applicable for the policies exiting between two policy
anniversaries due to death claim or surrenders. The Interim bonus will be
proportionately calculated for the period starting from previous policy anniversary till
the date of exit. This bonus may be applicable on both Basic Sum Assured and Paid-
UpAdditions (ifavailable).
TerminalBonus:TheCompany maydecidetopayTerminalBonus on exitofthePolicy
and shall be a percentage of the Basic Sum Assured and Paid-Up Additions (if
available), as the case maybe. Terminal Bonus mayor maynot be payable on Death or
on Surrender of the Policy. The Terminal Bonus rate on Paid–Up Additions and
TerminalBonusrateonBasicSumAssuredmaybedifferent.
For policies issued on minor life, the risk commences immediately after the policy is
issued. If the Life Insured is minor, the Policyholder should ensure that while the Life
Insured is still a minor, the Cash Payouts or the encashment of Paid-Up Additions
(depending on the Bonus option chosen) is used for the benefits of the minor life. In
case of death of the Policyholder during the policy term when the life insured is still
minor, the benefits shall be payable to Legal guardian/appointee of the minor Life
Insured.
Where the Policy has been issued on the life of a minor (i.e. minor life is Life Insured),
the Policy shall automatically vest on him/her with effect from the date of completion
of18yearsofageandtheLifeInsuredshallbethePolicyholderfromsuchdate.
• For policies opted with Cash Bonus (Immediate & Deferred Payout) option, you
havetheflexibilitytochangetoPaid-UpAddition onlyonceduring thepolicyterm.
• Forpolicies opted with Paid-Up Addition option, you cannot change to Cash Bonus
(Immediate&DeferredPayout)option
The change can be done on any policy anniversary by giving a written request to the
company, within 3 months prior to the policy anniversary. In case the request is not
received within the defined time frame, the policy will continue as per the option
selectedatinception.
VestingofMinorLife:
ChangeofBonusOption:
14. 13
HigherSumAssuredforHigherPremiumBand:
You shall be eligible for a Higher Sum Assured in case you pay higher premium under
thisplan.Thesameshallbecalculatedasmentionedbelow:
Band 1 ` 36,000 to
` 47,999
Not Applicable 100% of Base
Sum Assured
100% of Base
Sum Assured
Bands Premium Band
Sum Assured Factor
6 Pay and 8 Pay 10 Pay, 12 Pay and 15 Pay
Cash Bonus
(Immediate)
Cash Bonus
(Deferred)
Cash Bonus
(Immediate)
Cash Bonus
(Deferred)
Band 2 ` 48,000 to
` 1,99,999
100% of Base
Sum Assured
100% of Base
Sum Assured
101% of Base
Sum Assured
100.85% of Base
Sum Assured
Band 3 ` 2,00,000 to
` 4,99,999
102.5% of Base
Sum Assured
102% of Base
Sum Assured
103% of Base
Sum Assured
102.5% of Base
Sum Assured
Band 4 ` 5,00,000 &
above
103% of Base
Sum Assured
102.5% of Base
Sum Assured
103.5% of Base
Sum Assured
103% of Base
Sum Assured
DeathBenefit:
GracePeriod:
Lapse:
Followingaresomeadditionalconditions pertaining todeathbenefit:
• If the death occurs during grace period, the due unpaid premium(if any) till the date
of death will be deducted from the aforesaid Death Benefit. For policies with non-
annual Premium Payment mode, balance of the Premium for that Policy year will
alsobedeductedfromtheDeathBenefit.
There is a grace period of 30 days from the due date for payment of premium for the
yearly, half-yearly and quarterly mode, and 15 days for the monthly mode. During this
period the policy will be considered to be in-force with risk cover as per the terms of
thepolicy.
If Premiums are discontinued any time during the first two policy years, the policy
shalllapseattheendofthegraceperiodandnobenefitswillbepayable.However,
• if the Policyholder chooses Paid-Up Additions as bonus payout option and Policy
lapses after first Policy Year which is not revived subsequently then Cash Value of
accruedPaid-UpAddition (ifavailable)shallbepaidattheendofrevivalperiod
• if the Policyholder chooses Paid-Up Additions as bonus payout option and Policy
lapses after first Policy Year, and if Primary Life Insured dies during revival period
thenaccruedPaid-UpAdditions shallbepaidtothebeneficiary
• If the policyholder chooses monthly Cash Bonus Payout option and Policy is
lapsed after 1st policy year, then policyholder will continue to get due monthly
cashbonus payoutuntilthedateoflapse
15. Revival:
Surrender:
A lapsed / Reduced Paid-Up policy can be revivedwithin fivepolicy yearsfromthe due
dateofthefirstunpaid premium.
• The revival can be done without evidence of good health on payment of the
outstanding premiums with interest rate (currently 9% p.a. of outstanding
premiums), if the payment is made within six months of the date of first unpaid
premium. Thereafter to revive the policy, evidence of good health would be
required along with payment of the outstanding premiums with interest rate
(currently 9% p.a. of outstanding premiums). Extra premiums may be required
basedontheunderwriting decision
• Policywill not be eligible for declaredbonuses during the lapse period. However, all
benefitsunderthepolicywillbereinstatedontherevivalofthepolicy
• If lapsed policy is not revived during the revival period, the policy will be terminated
withoutpayinganybenefits
• If policy in Reduced Paid-Up mode is not revived during the revival period, it will
continue in that mode until maturity, death or surrender, whichever is earlier. There
is no reduced paid-up value with respect to the Spouse Cover. The cover on
Spouse will lapse immediately and automatically at the expiry of the Grace Period,
andnobenefitwithrespecttoSpousewillbepayableunderthePolicy.
• Riders cannot be revived independently and can only be revived along with the
revivalofthebaseplan
• If the Primary Life Insured under Spouse Cover is uninsurable at revival, then, the
Spouse Cover alone cannot be revived. However, if Spouse is uninsurable at
revival, the cover of the Primary Life Insured can be revived and the Policy will
continueonlyforPrimary LifeInsured
The policy acquires a Guaranteed Surrender Value (GSV) after payment of full
premiums for first two consecutive policy years. Guaranteed Surrender Value (GSV)
willbeasfollows:
• UnderCashBonusPayoutoption:
Higherof
Percentage of Total Premiums paid (including extra premium but excluding
Goods and Services Tax and Cess, as applicable, Premium with respect to
SpouseandRiderpremium,ifany)LESSTotalApplicableSurvival Benefit**
OR
Zero
14
16. • UnderPaid-UpAdditionoption:
Higherof
Percentage of Total Premiums paid (including extra premium but excluding
Goods and Services Tax and Cess, as applicable, Premiums with respect to
Spouse and Rider premium, if any) PLUS Cash Value of Paid-up Additions, if
availableLESSTotalApplicableSurvival Benefit**
OR
Zero
**TotalApplicableSurvival Benefitisdefinedas:
• Cash Bonus including interim bonus, if any, paid till date under Cash Payout
Optionand
• Cash Bonus including interim bonus, if any, utilized to purchase Paid-Up
Additions tilldateunderPaid-UpAddition option.
15
1 0% 0% 0% 0% 0%
2 30% 30% 30% 30% 30%
3 35% 35% 35% 35% 35%
4 50% 50% 50% 50% 50%
5 50% 50% 50% 50% 50%
6 60% 50% 50% 50% 50%
7 70% 50% 50% 50% 50%
8 80% 58% 58% 58% 58%
9 83% 67% 67% 67% 67%
10 85% 75% 75% 75% 75%
11 88% 83% 83% 80% 80%
12 90% 90% 90% 85% 85%
13 90% 90% 90% 90% 90%
14 90% 90% 90% 90% 90%
15 and above 90% 90% 90% 90% 90%
Guaranteed Surrender Value cannot be less than zero. GSV Factors as percentage of
totalpremiumspaidarementionedinthetablebelow:
Policy Year of
Surrender
Premium Payment Term
8 10 12 15
6
Cash Value of Paid-Up Addition (if available) is calculated as: [Accrued Paid-Up
Addition (ifany)X‘CashValueFactorforPaid-UpAddition’]
17. Sample ‘Cash Value Factor for Paid-Up Additions’ for standard lives are given in the
tablebelow:
16
AgeonSurrender/Encashment CashValueFactorforPaid-UpAdditions
30 0.578958
40 0.610236
50 0.656069
60 0.715876
70 0.795298
Subject to the minimum Guaranteed Surrender Value, the company may consider
payinga Special SurrenderValue (SSV) calculated accordingto the basis and method
inusefromtimetotimeaftergettingIRDAI’sapproval.
On Surrender, higher of SSV or GSV will be payable. The surrender value will be paid
out as a lump sum benefit. After the Surrender benefit payout, all other benefits under
theplanwillfallawayandthepolicywillgetterminated.
If Spouse Cover is selected, Surrender Value payable will be only with respect to
Primary Life Insured. There is no additional surrender benefit payable with respect to
theSpouse.
After the policy acquires Surrender Value, if the subsequent premiums are not paid
within the grace period the policy will be converted into a Reduced Paid-Up policy by
default.
• The policy will not be eligible for any future Cash bonuses & Paid-Up Additions
onceithasbeenconverted intoaReducedPaid-Uppolicy;
• The rider benefit will be available as per Reduced Paid-Up Rider Sum Assured, if
applicable,asperriderfeatures
• Basic Sum Assured is reduced to Reduced Paid-Up Basic Sum Assured as follows:
Basic Sum Assured X [(Total Premiums* paid/ Total premiums* payable during the
entirepolicyterm)]
• Sum Assured on death will also be reduced to Reduced Paid-Up Sum Assured on
death as follows: Sum Assured on death as on the date of Reduced Paid-Up X
[(TotalPremiums*paid/Totalpremiums*payableduring theentirepolicy’sterm)]
ReducedPaid-UpPolicy:
18. *The Total Premiums mentioned above refers to the Premiums with respect to
Primary LifeInsured,incaseSpouseCoverOptionisselected.
• If a Reduced Paid-up policy is surrendered, the surrender value (if any) will be
calculatedaspertheSurrenderValuementionedunder“Surrender”section
• Reduced Paid-Up policy can be revived and reinstated (to the original benefits)
within 5 years from the date of first unpaid Premium subject to the conditions
mentionedunder“PolicyRevival”section
• If policy in Reduced Paid-Up mode is not revived during the revival period, it will
continueinthatmodeuntilmaturity,deathorsurrender,whicheverisearlier
• There is no reduced paid-up value with respect to the Spouse Cover. The cover on
Spouse will lapse immediately and automatically at the expiry of the Grace Period,
andnobenefitwithrespecttoSpousewillbepayableunderthePolicy.
• In case of Plan option of Bright Future Maximiser and Golden Years Maximiser, if
the Policy is converted to reduced Paid-Up status, future bonuses will not be
declared. However, the accrued Paid-Up Additions shall be utilized to pay the
benefitsasdefinedundertheplan
• Payoutsin-casethepolicycontinuesinReducedPaid-Upmodeisasfollows:
PayoutonDeath:
• Under Cash Bonus Payout option: Reduced Paid-Up Sum Assured on death PLUS
Terminalbonus, ifany
• Under Paid-Up Addition option: Reduced Paid-Up Sum Assured on death PLUS
AccruedPaid-UpAdditions, ifanyPLUSTerminalbonus, ifany
PayoutonMaturity:
• Under Cash Bonus Payout option*: Reduced Paid-up Basic Sum Assured PLUS
Terminalbonus, ifany
• Under Paid-Up Addition option: Reduced Paid-up Basic Sum Assured PLUS
AccruedPaid-UpAdditions, ifanyPLUSTerminalbonus, ifany
Nomination shall be allowed under the plan as per the provisions of Section 39 of the
InsuranceAct,1938asamendedfromtimetotime.
Assignment under the plan shall be as per the provisions of Section 38 of the
InsuranceAct,1938asamendedfromtimetotime.
Nomination:
Assignment:
17
19. FreeLookPeriod:
SuicideExclusion:
The policyholder is offered 15 days’ free look period for a policy sold through all
channels (except in case of Electronic Policies and Policies obtained through
Distance Marketing* Mode which shall have 30 days) from the date of receipt of the
policy wherein the policyholder may choose to return the policy, stating the reasons
thereof within 15 days / 30 days of receipt if s/he is not agreeable with any of the
termsandconditions oftheplan.
Should s/he choose to return the policy, s/he shall be entitled to a refund of the
premium paid after adjustment for the expenses of medical examination, stamp duty
and proportionate risk premium for the period of cover. A policy once returned shall
not be revived, reinstated or restored at any point of time and a new proposal shall
havetobemadeforanewpolicy.
*Distance Marketing includes every activity of solicitation (including lead
generation) and sale of insurance products through the following modes: (i) Voice
mode, which includes telephone calling (ii) Short Messaging service (SMS) (iii)
Electronic mode which includes e-mail and interactive television (DTH) and (iv)
Physical mode which includes direct postal mail and newspaper & magazine inserts
and(v)Solicitationthroughanymeansofcommunicationotherthaninperson.
In the event of the Life Insured or Primary Life Insured under Spouse Cover,
committing suicide within 12 months from date of commencement of risk of the
policy, 80% of the Total Premiums(including extra premium, if any) paid till the date of
deathwillbepayable.
In case of suicide after 12 months from date of commencement of risk of the policy,
following willbeapplicable:
• In case of suicide within 1 yearof the date of revivalof the policy when the revivalis
done within 6 months from the date of first unpaid premium, Suicide Exclusion
shallnotbeapplicableandtheDeathBenefitundertheproductshallbepayable
• However, in case of suicide within 1 year of the date of revival, when the revival is
done after 6 months from the date of first unpaid premium, the benefit payable
shall be higher of 80% of Total Premiums Paid (including extra premium, if any) till
the date of death or Surrender Value (if any) as at on the date of death provided the
policyisin-force
• In case of death of Spouse (under Spouse Cover) due to suicide within twelve (12)
months from the Date of Commencement of Risk, or within 1 year of the date of
18
20. revival, when the revival is done after 6 months from the date of first unpaid
Premium; 80% of the Total Premiums received (w.r.t. the Spouse) till the date of
death of the Spouse, provided the Policy is in-force. The Policy will continue on
Primary LifeInsured(ifsurviving), subjecttopaymentofallduePremiums
Loansarenotavailableunderthisplan.
This product is available to be distributed through Individual Agents, Corporate
Agents, Brokers, Insurance Marketing Firms (IMF), Web Aggregators, Direct
MarketingandOnlineChannel.
PolicyLoans:
Availability:
19
21. ExtractofSection41oftheInsuranceAct,1938asamendedfromtimetotimestates:
(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any
persontotakeorreneworcontinueaninsuranceinrespectofanykindofriskrelatingtolives
or property in India, any rebate of the whole or part of the commission payable or any rebate
of the premium shown on the policy, nor shall any person taking out or renewing or
continuing a policy accept any rebate, except such rebate as may be allowed in accordance
withthepublished prospectusesortablesoftheinsurer.
(2) Any person making default in complying with the provisions of this section shall be
punishable withfinewhichmayextendtotenlakhsrupees.
ExtractofSection45oftheInsuranceAct,1938asamendedfromtimetotimestates:
Fraud and Misstatement would be dealt with in accordance with provisions of Section 45 of the
InsuranceAct,1938asamendedfromtimetotime.
Pleasevisit ourwebsiteformoredetails:
https://www.kotaklife.com/assets/images/uploads/why_kotak/section38_39_45_of_insurance_act_1938.pdf
22. KotakFortuneMaximiserUIN:107N125V01,FormNo:N125,Ref.No.:KLI/21-22/E-PB/1213
Kotak Term Benefit Rider, UIN: 107B003V03, Form No: B003; Kotak Accidental Death Benefit Rider, UIN:
107B001V03, Form No: B001; Kotak Permanent Disability Benefit Rider, UIN: 107B002V03, Form No: B002; Kotak
Life Guardian Benefit, UIN: 107B012V02, Form No: B012; Kotak Accidental Disability Guardian Benefit, UIN:
107B011V02,FormNo:B011,KotakCriticalIllnessPlusBenefitRider-107B020V01,FormNo.:B020
This is a savings-cum-protection oriented participating endowment plan. For sub-standard lives, extra premium
may be charged based on Kotak Life Insurance’s underwriting policy. The product brochure gives only the salient
features of the plan. Please refer the policy document for specific details on all terms and conditions. For more
detailsonriderspleasereadtheRiderBrochure.
Kotak Mahindra Life Insurance Company Ltd. Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th
Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: https://www.kotaklife.com; WhatsApp:
9321003007;TollFreeNo.–18002098800
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life
InsuranceCompanyLtd.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Publicreceivingsuchphonecallsarerequestedtolodgeapolicecomplaint.
AboutUs
Kotak Mahindra Life Insurance Company Ltd is a 100% owned subsidiary of Kotak Mahindra Bank
(Kotak) which provides world-class insurance products with high customer empathy. Its product suite
leverages the combined prowess of protection and long term savings. Kotak Life Insurance is one of the
growinginsurancecompaniesinIndiaandhascoveredoverseveralmillionlives.
Formoreinformation, pleasevisitthecompany'swebsiteathttps://www.kotaklife.com
KotakMahindraGroup
Kotak Mahindra Group is one of India's leading banking and financial services organizations, offering a
wide range of financial services that encompass every sphereof life.From commercialbanking, to stock
broking, mutual funds, insurance and investment banking, the Group caters to the diverse financial
needsofindividuals andthecorporatesector.
Formoreinformation, pleasevisitthecompany’swebsiteatwww.kotak.com
SMS KLIFE to 5676788
TOLL FREE 1800 209 8800
WhatsApp: 9321003007
https://www.kotaklife.com