LifeXL PDF
LifeXL PDF
LifeXL PDF
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
Money back
at regular interval of your choice
LifeXL Solution is a combination of two or more policies of Kotak Premier Endowment Plan.
Page 1 of 5
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
** 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
MySolutions : LifeXL
Life Insured's Name : Mr. Kkkkk
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
20
15
21
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.
Page 5 of 5
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
15
20
2030332
Yearly
150001
5250
155251
15
21
2072408
Yearly
150001
5250
155251
15
22
2116266
Yearly
150001
5250
155251
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)