kotak preferred e term plan : an online life insurance plan - jan 2016
TRANSCRIPT
FAMILY SECURITY
CHILD’S EDUCATION
CHILD’S MARRIAGE
RETIREMENT
WHY TERM INSURANCE PLAN?
LIFE EXPECTANCY HAS GONE UP BUT SO HAS DEATHS AMONG YOUNG ADULTS
INCREASED
1.36 TIMES
LIFE EXPECTANCY HAS INCREASED BY 5 YEARS
MALES FEMALES67.3
YEARS
DEATH OF YOUNG ADULTS
69.6YEARS
WHY BUY NOW?
NEEDS
RATES
NEEDS CHANGE THROUGHOUT LIFE
PREMIUM RATES INCREASE WITH AGE, HEALTH & OTHER FACTORS
Source - * Economic Times-2012.
WHAT SHOULD BE YOUR LIFE COVER ?
HAVE YOU BOUGHT A
An insurance policy should cover till the age you intend to work.
Till a few years ago, this was 60 years. However, a person may
continue working beyond the age of 60.
Experts believe a person needs a live cover till at least 65 years.
* COST OF INFLATION
THE VALUE OF RS. 50LAKH WILL ONLY BE RS.28 LAKH (APPROX.) AFTER
10 YEARS ASSUMING AN
INFLATION OF JUST 6%.
RS.50LAKH COVER
AND THINK IT IS SUFFICIENT
FOR YOU?
THINK AGAIN.
WHAT WILL BE THE VALUE OF
RS.50LAKH after 10 Years?
* TILL WHEN DO YOU NEED THE COVER?
Source - * Economic Times-2012. ** CNN Money
** LIFE COVER THUMB RULE
As a thumb rule it’s suggested that you should
have an income cover of around 7 to 10times of your annual income.Younger the age, higher will be the multiple.
`
WHO SHOULD BUY A TERM PLAN ?
LIFE IS EXPENSIVE. BUT DEATH CAN BE EVEN MORE COSTLY FOR THE FAMILY.
DON’T LEAVE YOUR LOVED ONES UNPROTECTED.
LIFE INSURANCE ALLOWS YOUR LOVED ONES TO GRIEVE WITHOUT FINANCIAL WORRY.
Male, 25 – 45 Yrs of Age
Socio Economic Class (SEC)- AB
Income > 6 Lakh PA
Has Loan Liabilities like Housing, Personal etc.
Has Credit Card Liabilities
Is goal oriented and looking for securing his family from future uncertainties..
THE TERM
INSURANCE BUYER
WHY ONLINE TERM PLAN?
x
QUICK AND HASSLE
FREE BUYING
CHEAPER.
NO MIDDLE MAN INFACE
LEADING TO COST BENEFIT
TRANSFER
YOU KNOW WHAT
YOU ARE BUYING
WHAT DOES AN ORDINARY TERM PLAN OFFER YOU?
THIS IS WHAT AN ORDINARY TERM PLAN OFFERS
BUT ARE YOU COMPLETELY PROTECTED?
HIGH COVER AT
A LOW COST
QUICK AND EASY
BUYING PROCESS
LUMP SUM ON
CLAIM SETTLEMENT
`
PRESENTING A TERM PLAN THAT OFFERS ALL THAT
YOUR ORDINARY TERM PLAN OFFERS YOU PLUS
WAIVER OF PREMIUM ON TOTAL & PERMANENT DISABILITY
A Plan that adds EXTRA to the Ordinary.
KEY HIGHLIGHTS
Long term cover for 40 years
Inbuilt Total & Permanent Disability Benefit
KK-Your Online e-Advisor
Affordable Pricing
Convenient Claim Pay-out Options
Anywhere, On any Device
Preferential rates for non-smoker
and female lives.
SAMPLE PREMIUM PRICING*
SUM ASSURED AGE (IN YEARS)
25 30 35 40 45 50
Male - Smoker
40,05028,42520,05014,45011,3259,4501 Cr.
24,67517,65012,5759,1757,3756,4251 Cr.
Male - Non Smoker
Female-Non Smoker
20,70014,80010,6257,8506,4505,6251 Cr.
DISCLAIMER: * The above are annual premium rates for regular premium paying option and for immediate payout. The policy term is 60 years minus entry age. The above
premium rates 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.
UNIQUE FEATURE
TOTAL & PERMANENT DISABILITY BENEFIT
In case of a situation where the Life Insured becomes total
and permanently disabled, all the future premiums payable
will be waived off and the policy will continue, so that the
family remains protected.
CLAIM PAYOUT OPTIONS
Sum Assured paid out as
lumpsum on Death of the Life
Assured
IMMEDIATE PAYOUT RECURRING PAYOUT
10% of sum assured paid on death,
remaining amount paid annually - 6% of S.A
for next 15 years.
Nominee will have the option to draw down
at a monthly frequency as well.
Kotak Life Insurance understands that Income of an earning member may not be easy to replace.
For Claims Pay-out, there are two Plan options to choose from.
RECURRING PAYOUT**
10L
10% in 1st Year Remaining over next 15 yrs as yearly or monthly income payout (INR 49, 320 approx.p.m.)
6L per year or 50K per month for the next 15 years
For example, if the Nominee is eligible to receive 1 Cr. as a Sum Assured, 10 Lakhs will be paid as lump sum
The balance 90 Lakhs will be paid over 15 years as a Monthly or Yearly Income Payout as opted by the nominee
Disclaimer: ** This is merely a representation of recurring payouts and doesn’t correspond to the actual occurrence of incident.
OTHER FEATURES
OTHER FEATURES
Long term protection with a Policy Term up to 40 years of age
Maximum Maturity Age up to 75 years of age
Option to pay premium regularly / limited period / lumpsum once, as per financial suitability
Lower Premiums for Female Lives & Non Tobacco users.
Easy & Hassle free buying through http://insurance.kotak.com/e-Insurance
KOTAK PREFERRED ETERM
PLAN OVERVIEW
PRODUCT FEATURES
18-65Entry Age
75 YearsMaximum Maturity Age
25 LakhsMinimum Basic Sum Assured
10-40 YearsPolicy Term
Regular, Limited and SinglePremium Payment Term
Yearly & MonthlyPremium Payment Mode
For female and non-smoker livesPreferential Rates
Inbuilt Total and Permanent Disability
BenefitInbuilt Benefit
1. Immediate Payout
2. Recurring PayoutPlan Options
KOTAK MAHINDRA GROUP
A RENOWNED BRAND WITH MORE THAN 28 YEARS OF EXPERIENCE,
OFFERING A WIDE RANGE OF SOLUTIONS ACROSS THE FINANCIAL SERVICES
SPECTRUM
Kotak Mahindra
Bank Ltd.
Kotak Mahindra
Mutual Life Insurance Ltd.
Kotak
Securities Ltd.
Kotak Mahindra
Capital Company Ltd.
Kotak
Mahindra Prime Ltd.
Kotak Mahindra
Investment Ltd.
Kotak Mahindra Asset
Management Company Ltd.
KOTAK GROUPCOMPRISES OF
Joint venture gives us the
financial expertise of
Kotak Mahindra Group
KOTAK LIFE INSURANCE
International exposure of
more than 160 years of
Old Mutual
&
WIDE PRESENCE
Disclaimer: Trade Logos displayed above belong to Kotak Mahindra Old Mutual Life Insurance
Limited’s promoting partners Kotak Mahindra Bank Limited and Old Mutual plc and are used by Kotak
Mahindra Old Mutual Life Insurance Limited under license.
CREDENTIALS OF KOTAK LIFE
1,271Cr.NET WORTH*
15,219Cr.AUM*
7 YearsPROFITABLEIN A ROW**
98.29%CLAIMS RATIO ***
Over 1.42Cr.LIVES COVERED #
Over 5842EMPLOYEES
SOURCE: *As per investor relation earning update FY 14-15.** As per financial disclosure of last 7 Years (FY08-09 to FY 14-15). *** Total Claims (Individual + Group)
paid by the company during the FY 2014-15 as per IRDAI Annual Report. # Lives cover as on Dec 31st 2015. 6- An independent study conducted by Business World
IPSOS as part of “India’s Most Respected Companies Survey 2013. 7. As per the Golden Peacock Awards Secretariat instituted by the Institute of Directors a non-profit
apex body of directors registered in India for the period FY 2014-15.
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DISCLAIMER
Trade Logos displayed above belong to Kotak Mahindra Old Mutual Life Insurance Limited’s promoting partners Kotak Mahindra Bank Limited and Old Mutual plc and are used by Kotak Mahindra OldMutual Life Insurance Limited under license.
This is a non-participating pure protection online life insurance plan. For sub-standard lives, extra premium may be charged based on KLI’s underwriting policy. For more details on risk factors, terms andconditions please read sales brochure carefully before concluding a sale.
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 I Email: [email protected] I Toll Free No. - 1800 209 8800.
Kotak Preferred e-Term Plan, UIN : 107N090V01, Form No. - N090, Ref. No: KLI/15-16/E-PPT/370
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