CHILD PLAN POLICYKOTAK CHILD EDU PLAN

An anticipated endowment child benefit assurance plan

INTRODUCTION

Child’s future is a priority

Focus’s on the subject – Start saving today to ensure a bright tomorrow for your child

KotakLife Insurance presents Kotak Child Edu Plan. This is a limited premium 'with profits' plan with guaranteed payouts in form of Edu Boosters. They provide life cover for the entire policy term thereby protecting the family, in case of an unfortunate event

HOW DOES THE PLAN WORK?

At age 15: Learning time (15% of S.A) At age 17: Time for Higher Education (20% of S.A) At age 19:Additional Needs (30% of S.A) At age 21:Financial Independence (60% of S.A)

Maturity Benefits include:

In addition to Edu Booster, at the end of the policy term, Accrued Revisionary Benefits and Terminal Bonus (if any) will be payable.

TOTAL BENEFITS OF 125% OF S.A, PLUS BONUSES!!!!

PROTECT YOUR CHILD’S FUTURE THROUGH LIFE INSURANCE COVERKotak Child Edu Plan ensures that your child gets all the

benefits as planned by you.In the event of your unfortunate demise, this plan will support your child with the following benefits

Death Cover 200% of Sum Assured (S.A) Future premium payment obligation ceases and policy

continues as planned. The EDU BOOSTERS will be paid as planned. Accured Reversionary Bonues (if any) will be paid at

maturity. Future Reversionary Bonues (if any) and Terminal

Bonuses(if any) shall also be paid at maturity.

ENSURE CERTAINTITY OF THE BENEFITS EVEN ON ACCIDENTAL DISABILITY

Benefit on accidental disability Future premium payment obligation ceases and policy

continues as planned. The EDU BOOSTERS will be paid as planned. Accured Reversionary Bonues (if any) will be paid at

maturity. Future Reversionary Bonues (if any) and Terminal

Bonuses(if any) shall also be paid at maturity.

In case of your unfortunate demise during the policy term after the benefits on

accidental disability have been availed, this plan will support your child with additional benefits:

Death benefit after accidental disability 200% of Sum Assured (S.A) Policy continuesfor the original policy term.

ENHANCE PROTECTIVE COVER THROUGH OPTIONAL RIDERS

To customize the level of protection

Kotak Term Benefit/Kotak Preferred term Benefit- Lump sum benefit paid on death.

Kotak Accidental Death Benefit - Lump Sum paid on accidental death.

Kotak Permanent Disability Benefit – Installments paid on being permanently disabled as a result of an accident.

ADDITIONAL FEATURESAdditional features Benefit

High Sum Assured Discount

If you opt to take a large S.A you can benefit from High S.A Discount. For S.A equal to Rs.5,00,000 or more, a Premium discount of Rs.2 per Rs.1000 Basic S.A shall be applicable

Reduced Paid-Up Benefit

After 3 years' premiums have been paid, if the subsequent premiums are not paid within the grace period, the policy will automatically be made paid-up to ensure that you continue to enjoy policy benefits. Future benefits will be based on the Reduced Paid-Up S.A.

Convenient premium payment modes

Pay your premiums annually, half-yearly, quarterly or monthly mode.

ELIGIBILITY This plan can be purchased by the

parents/grand parents of child or individuals who want to protect the child’s future e.g. child’s uncle /aunt etc.

Life Insured Parent/ Grand parent of the child

Entry Age Minimum: Child 0 years; life insured 18 years.Maximum: Child 10 years; life insured 64 years.

Maturity Age Minimum: Child 21 years; life insured 29 yearsMaximum: Child 21 years; life insured 75 years.

Policy Term 21 years less entry age of childMinimum: 11 & Maximum: 21

Premium Payment Term 17 years less entry age of child

Sum Assured Minimum: 200000 Maximum :No limits.

Premium Based on sum assured

Premium Modal Factor Yearly: 100%, Half Yearly 51%, Quarterly 26%, Monthly 8.8%

ILLUSTRATION

Given below is an illustration of the benefits payable for R.S. 5,00,000 sum assured, Premium R.S. 52,305, Child’s age 5 years & father’s age 35 years. Policy term is 16 years & premium payment term is 12 years:

CONTINUED…..Age of life insured (yrs)

Child age (yrs)

Cumulated annualized premium(R.S.

Edu booster payouts

Cumulated edu booster payouts

Maturity benefits at lower rates(R.S.

Maturity benefits at higher rates(R.S.

Death benefits (R.S.( 2x sum assured)

45 15 5,23,050 75,000 75,000 75,000 75,000 10,00,000

47 17 6,27,660 1,00,000

1,75,000

1,75,000

1,75,000

10,00,000

49 19 6,27,660 1,50,000

3,25,000

3,25,000

3,25,000

10,00,000

51 21 6,27,660 3,00,000

6,25,000

7,25,,000

10,75,000

10,00,000