Sie sind auf Seite 1von 6

Dear Mr.

Kkkkk,
As you rush through life, it is the time you spend with your near and dear ones that make
the entire journey happy & deeply satisfying. Make these moments extra special with
Kotak LifeXL which provides lump sum payouts at important stages of your life and also
financial protection in case of unfortunate events.

Pay

Money Back

Risk Cover

Pay premium just for 15 years.

Money back
at regular interval of your choice

High Risk Cover

LifeXL Solution is a combination of two or more policies of Kotak Premier Endowment Plan.

Page 1 of 5

How this plan works?


Payout of
Rs. 4,630,680**
at the end of 20th policy
year.

Pay premium of
Rs. 600,004/-* per annum
for only 15 years.

1st
policy
year

15th
policy
year

20th
policy
year

Payout of
Rs. 5,288,231**
at the end of 22nd
policy year.

21st
policy
year

22nd
policy
year

Payout of
Rs. 4,949,325**
at the end of 21st
policy year.

23rd
policy
year

Payout of
Rs. 5,651,237**
at the end of 23rd
policy year.

First Payout
You will receive a lump sum
payout of Rs.4,630,680** at the
end of 20th policy year
Second Payout
You will receive a lump sum
payout of Rs.4,949,325** at the
end of 21st policy year
Third Payout
Mr.Kkkkk, you need to invest Rs.
600,004/-* per annum for only 15
years. No premium to be paid
from 16th policy year to 23rd
policy year

You will receive a lump sum


payout of Rs.5,288,231** at the
end of 22nd policy year
Fourth Payout

This plan not only gives you


money back at periodical
intervals, but also provide your
dear ones a financial safety
in case of an unforeseen
eventuality

You will receive a lump sum


payout of Rs.5,651,237** at the
end of 23rd policy year

** The above illustration is for a 41 year old healthy male, and the total benefit is illustrated assuming investment return of 8% p.a.

Page 2 of 5

Report Date : 02/08/2015

MySolutions : LifeXL
Life Insured's Name : Mr. Kkkkk

Life Insured's Age : 41 yrs.

Benefit Illustration
Policy
Year

Age

Annual *
Premium

Minimum
Death Benefit

Payout @ 4%
Rate of Return

Payout @ 8%
Rate of Return

42

600,004

8,380,091

43

600,004

8,380,091

44

600,004

8,380,091

45

600,004

8,380,091

46

600,004

8,380,091

47

600,004

8,380,091

48

600,004

8,380,091

49

600,004

8,380,091

50

600,004

8,380,091

10

51

600,004

8,380,091

11

52

600,004

8,380,091

12

53

600,004

8,380,091

13

54

600,004

8,397,272

14

55

600,004

8,820,054

15

56

600,004

9,450,058

16

57

9,450,058

17

58

9,450,058

18

59

9,450,058

19

60

9,450,058

20

61

9,450,058

2,992,202

4,630,680

21

62

7,087,543

3,086,644

4,949,325

22

63

4,725,029

3,189,319

5,288,231

23

64

2,362,514

3,290,036

5,651,237

Page 3 of 5

Combination
Products behind
behind
thethe
solution
solution
Policy
Term

Payment
Term

Payment
Mode

Kotak Premier Endowment Plan

20

15

Kotak Premier Endowment Plan

21

Kotak Premier Endowment Plan


Kotak Premier Endowment Plan

Product

Modal Premium*

Basic Sum
Assured

Yearly

150,001

2,030,332

15

Yearly

150,001

2,072,408

22

15

Yearly

150,001

2,116,266

23

15

Yearly

150,001

2,161,085

Tax Saving
u/s 80 CCE
Policy
Year

Basic
Premium*

Eligible
Amount

Tax Benefit @
30.9%

Net Premium

600,004

150,000

46,350

553,654

600,004

150,000

46,350

553,654

600,004

150,000

46,350

553,654

600,004

150,000

46,350

553,654

600,004

150,000

46,350

553,654

600,004

150,000

46,350

553,654

600,004

150,000

46,350

553,654

600,004

150,000

46,350

553,654

600,004

150,000

46,350

553,654

10

600,004

150,000

46,350

553,654

11

600,004

150,000

46,350

553,654

12

600,004

150,000

46,350

553,654

13

600,004

150,000

46,350

553,654

14

600,004

150,000

46,350

553,654

15

600,004

150,000

46,350

553,654

Total

9,000,060

8,304,810

Advertisement Disclaimers:
This advertisement is designed for combination of benefits of two or more policies of Kotak Premier Endowment Plan. The customer has the choice of
purchasing any one or more policies asper his/her need and choice and there is no compulsion whatsoever that these policies are to be taken together as
suggested by the insurer and presented in this advertisement. The customer is expected to ask questions, understand and satisfy himself that the
combination meets his/her specific needs better before deciding to purchase the combination. This benefit illustration is the arithmetic combination and
chronological listing of combined benefits of individual policies. The customer is advised to refer the detailed sales brochure of Kotak Premier Endowment
Plan.

Other Disclaimers
Page 4 of 5

Other Disclaimers
1) This combination solution comprises of set of policies of Kotak Premier Endowment Plan (UIN No.: 107N079V01). This product also available individually
with the Company and it is not mandatory for you to apply for this combination only. Kotak Premier Endowment Plan is a non-linked limited premium paying
savings-cum-protection oriented participating endowment Plan.
2) The benefits available under the combination solution shall be as per the product policies terms and conditions..
3) The benefit of this combination solution shall become payable only if all premiums for the entire premium payment term is paid in full and the policy is in
force.
4) *The Above premium figures are exclusive of Service Tax. Service tax and Cess thereon, shall be charged as per the prevalent tax laws over and above
the said premiums
5) Tax Benefits are subject to change in tax laws. You are advised to consult your tax advisor to details.
6) Insurance is the subject matter of solicitation.
7) Based on the combination option selected, after paying all premiums for the full premium payment term, the payout for each policy term will be paid as per
the intervals selected by the policyholder.
8) For more details on risk factors, terms and conditions please read the sales brochure of Kotak Premier Endowment Plan before concluding a sale.
9) These assumed rates return are not guaranteed and they are not upper or lower limits of what you might get back as the value of your policy is dependent
on a number of factors including future investment performance.
10) Trade Logos displayed above belongs to Kotak Mahindra Old Mutual Life Insurance Limiteds promoting partners Kotak Mahindra Bank
Limited and Old Mutual plc and used by Kotak Mahindra Old Mutual Life Insurance Limited under license.

To know the details of this combination solution, please go through the benefit illustrations of Kotak Premier Endowment Plan as provided to you.

"BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS


IRDAI clarifies to public that
IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of
phone call, number."
Kotak Premier Endowment Plan UIN No.: 107N079V01, Form No. N079.
Ref No.: KLI/14-15/E-PL/173
Kotak Mahindra Old Mutual Life Insurance Ltd.,
CIN: U66030MH2000PLC128503
Regn. No.: 107, Regd. Office: 4th Floor, Vinay Bhavya Complex, 159A, C.S.T. Rd., Kalina, Santacruz(East), Mumbai 400098
Website: http://insurance.kotak.com | Email: clientservicedesk@kotak.com | Toll Free No. - 1800 209 8800

Page 5 of 5

Customer Declaration Letter Cum Proposal Form Addendum


I Kkkkk declare & understand that I have opted for the MySolutions LifeXL, a combination solution offered by Kotak Life Insurance. This
combination solution consists of 4 policies of Kotak Premier Endowment plan UIN (107N079V01). I have filled the proposal application form No.
_______________________ & submitted all required documents.
Sr. Product
No. Name

Proposal
No.

Premium Policy
Payment Term
Term (Yrs.)
(Yrs.)

Sum Frequency
Assured
of
(Rs.) Payment

Modal
Premium
(Rs.)

Service
Tax on
Modal
Premium

Total
Premium

Kotak Premier Endowment


Plan

15

20

2030332

Yearly

150001

5250

155251

Kotak Premier Endowment


Plan

15

21

2072408

Yearly

150001

5250

155251

Kotak Premier Endowment


Plan

15

22

2116266

Yearly

150001

5250

155251

Kotak Premier Endowment


Plan

15

23

2161085

Yearly

150001

5250

155251

I understand that this combination solution comprises of a set of policies across one or more products of the Company. I have been made aware
that these products are also available individually and separately with the company and it is not mandatory for me to apply for this combination
only.
I have separately gone through the product brochure of the above products and have taken the decision to opt for this combination solution after
having fully understood the risk factors, product terms and conditions.
I understand that the benefit of this combination solution are guaranteed provided all policies are in force and all premiums are paid upto date.
I declare that I have answered the questions in the proposal form to which this addendum is attached, after fully understanding the nature of the
questions and the importance of disclosing all information while answering such questions. I further declare that the details given by me to all the
questions in this addendum to the proposal form are true and complete in every respect and that I have not withheld any material information or
suppressed any fact. I further understand that the details given in the addendum shall form part of the proposal form. I understand that all polices
of this combination solution will either be converted or declined collectively, as per the underwriting rules of the company.
I declare that the contents in the proposal form, this addendum to the proposal form and documents forming part of this proposal form have been
fully explained to me and I have fully understood the significance of the proposed contract for each plan.

Date: ___________________________

Place: ___________________________
Signature / thumb impression of Life Assured
(If different from Proposer)

Signature / thumb impression of the Proposer

Section 41 of the Insurance Act, 1938 states:


1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an
insurance in respect of any kind of risk relating to lives 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 with the published prospectuses or tables of the insurer.
2. Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakhs
rupees.
Section 38, 39 & 45 of the Insurance Act, 1938 states:
The above Proposal will be governed by the provisions of Section 38, Section 39 and Section 45 of the Insurance Act, 1938 and amendments
thereto from time to time.

Kotak Mahindra Old Mutual Life Insurance Ltd.,


CIN: U66030MH2000PLC128503. Regn. No.: 107, Regd. Office: 4th Floor, Vinay Bhavya Complex, 159A, C.S.T. Road, Kalina, Santacruz(East), Mumbai
400 098. Website: http://insurance.kotak.com Email: clientservicedesk@kotak.com. Toll Free No. - 1800 209 8800.
Insurance is subject matter of solicitation.