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Kotak Capital Multiplier Plan Of Kotak Life Insurance

The Kotak Capital Multiplier Plan of Kotak Life Insurance is an endowment plan which offers bonuses ever year along with the facility to increase the investment and withdraw the money. The facility is available even after 15 years of maturity.

The main advantages of Kotak Capital Multiplier Plan of Kotak Life Insurance plan are as follows:

  • This plan gives freedom of extending the policy term beyond the date of maturity.
  • Under this policy extra 10% life cover above the original life cover is available throughout the policy term.
  • The policy also gives a free ATM card to withdraw the maturity proceeds with ease.
  • The bonus declared regularly through the company helps in accumulating much.
  • The facility of investing surplus monies top up premium is also available.

The benefits of Kotak Capital Multiplier Plan of Kotak Life Insurance plan are as follows:

Maturity Benefit

This policy is a participating plan and the policy holder is entitled to receive either the basic sum assured or the accumulation account on maturity along with the balance in the supplementary accumulation account.

Early Maturity Benefit

On the maturity of the policy after at least 3 years of the policy the guaranteed cash value and the special cash value in respect of the lump injections will be paid.

Death Benefit

In case of the event o the unfortunate death of the policy holder the beneficiary will get the basic sum assured or the accumulation amount whichever is higher. Along with that 10% of the basic sum assured along with the lumps sum injections the supplementary accumulation account is also to be paid.

Rider Benefit

The riders available under this policy are as follows:

  • Term / Preferred Term Benefit (KTB – UIN No: 107C003V02, KPTB – UIN No: 107C013V01)
  • Critical Illness Benefit (CIB – UIN No: 107C004V02)
  • Accidental Death Benefit (ADB – UIN No: 107C001V01)
  • Permanent Disability Benefit (PDB – UIN No: 107C002V01)
  • Life Guardian Benefit (LGB – UIN No: 107C012V01)
  • Accidental Disability Guardian Benefit (ADGB – UIN No: 107C011V01)