BONUS

Declaration

General Information:
What is “Bonus”?
Bonus is allocation of surpluses generated under With-Profits fund of the Company to With-Profit Policies. The
bonus is declared every financial year in respect of the previous year provided the policy has been in-force.
Bonuses declared in each financial year are accrued and paid out at the time of exit with the exception of any
cash bonus or special one off bonuses which may be paid out on specific policy events as per policy conditions.

What are the bases for Bonus declared in KLI?

It will depend on the type of products. In KLI’s traditional “With-Profits” plans following are the bases for Bonus
depending on the product type:
• Conventional Participating Plan:
This category consists of the plans given under the table “Conventional Participating Plans” shown on
page 2 & 3 of the document. For these plans the Bonus (Reversionary /Cash /Interim /Terminal) is based
on the Basic Sum Assured under the policy, i.e. Bonus is calculated as percentage of the Basic Sum
Assured.
• Accumulating Participating Plan:
This category consists of the plans given under the table “Accumulating Participating Plans” shown on
page 4 of the document. For these plans the Bonus (Regular / Interim / Terminal) is based on the
Accumulation Account Value under the policy, i.e. Bonus is calculated as percentage of the Accumulation
Account.

What is Interim bonus and how does it work at KLI?

This bonus is for those policies which are claimed for in between two bonus cycles. In such cases, a bonus is
added on the basis of interim bonus rates announced by the company. This bonus rate will be based on either
Basic Sum Assured or Accumulation Account depending on the plan type.

What is Terminal bonus and how does it work at KLI?

Terminal bonus as the name suggests is the Bonus paid out upon the termination of the policy either on
maturity or in the unfortunate event of death subject to terms & conditions in the base plan. For conventional
participating plans, bonus may be payable only after completion of certain number of policy years. This bonus
rate will be based on Basic Sum Assured on Conventional Participating Plans and on Accumulation account for
Accumulating Participating Plan.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12,
G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration
The regular and reversionary bonus rates declared for all our policies for FY 23-24
are given in the following tables:

CONVENTIONAL PARTICIPATING PLANS

Premium Payment Term Bonus(SRB/CashBonus*)

Product Name UIN
Declared 2023-2024
Kotak Sukhi Jeevan (UIN:107N036V01) - 3.00%
Policies completing less than or 5 policy years 3.00%
Kotak Eternal Life - Classic Shield (UIN:107N040V01) Policies completing 6 to 10 policy years 3.25%
Kotak EternalLife - Premier Shield (UIN:107N041V01)
Kotak Surakshit Jeevan Policies completing 11 to 15 policy years 3.50%
(UIN:107N042V01)
Policies completing more than 15 policy years 4.20%
Policies completing less than or 5 policy years 3.50%
Kotak Child Edu Plan # (UIN:107N072V01) Policies completing 6 to 10 policy years 3.75%
Policies completing more than 10 policy years 4.20%
Policies completing less than or 5 policy years 3.50%
Kotak Child Future Plan# (UIN:107N071V01)
Policies completing more than 5 policy years 3.75%

First 5 policy years : 2.50%

Regular Pay 6 to 10 policy years : 2.80%
11th Policy Year onwards : 3.10%

First 5 policy years : 2.75%

(UIN:107N082V01) 6 to 10 policy years : 3.10%
Kotak Classic Endowment Plan Limited Pay of 7 years
(UIN : 107N082V02) 11th Policy Year onwards : 3.50%

First 5 policy years : 2.60%

Limited Pay of 10 years or more 6 to 10 policy years : 2.95%
11th Policy Year onwards : 3.30%

First 5 policy years : 2.70%

Limited Pay of 8 years 6 to 10 policy years : 3.10%
11th policy year onwards : 3.45%

(UIN:107N083V01) First 5 policy years : 2.75%

Kotak Premier Moneyback Plan Limited Pay of 10 years 6 to 10 policy years : 3.15%
(UIN:107N083V02)
11th Policy year onwards : 3.50%

First 5 policy years : 2.85%

Limited Pay of 12 years 6 to 10 policy years : 3.25%
11th Policy year onwards : 3.60%

NEXT

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12,
G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration

CONVENTIONAL PARTICIPATING PLANS

Premium Payment Term Bonus(SRB/CashBonus*)

Product Name UIN
Declared 2023-2024

First 5 policy years : 3.10%

After 5 policy years : 3.50%
Limited Pay of 8 years @
Cash Bonus on Sum Assured : 5.65%
@
Cash Bonus on Paid Up Additions : 2.70%
(UIN:107N096V01)
&
(UIN:107N096V03) First 5 policy years : 3.15%
Kotak Premier Life Plan# Limited Pay of 12 years
& After 5 policy years : 3.55%
(UIN:107N096V04)
First 5 policy years : 3.20%
Limited Pay of 15 years
After 5 policy years : 3.60%

First 5 policy years : 3.35%

Limited Pay of 20 years
After 5 policy years : 3.80%

First 5 policy years GA5 of : 5%

Regular Pay 6-10 policy years : 3.25%
11th policy year onwards : 3.60%

(UIN: 107N079V01) First 5 policy years GA5 of : 5%

Kotak Premier Endowment Plan (UIN:107N079V02) Limited Pay of 5 & 7 6-10 policy years : 4.25%
& 11th policy year onwards : 4.70%
(UIN:107N079V03)
First 5 policy years GA5 of : 5%
Limited Pay of 10 & 15 6-10 policy years : 3.75%
11th policy year onwards : 4.15%

First 5 policy years GA5 of : 5%

Regular
After 5 policy years : 4.40%
(UIN:107N094V01)
& First 5 policy years GA5 of : 5%
Kotak Premier Pension Plan Limited Pay After 5 policy years : 4.55%
(UIN: 107N094V02)

First 5 policy years GA5 of : 2%

Single Pay
After 5 policy years : 5.50%

First 5 policy years : 2.90%

Limited Pay of 8 years
After 5 policy years : 3.25%

(UIN:107N099V01) First 5 policy years : 3.25%

Kotak Premier Income Plan Limited Pay of 10 years
(UIN:107N099V02) After 5 policy years : 3.65%

First 5 policy years : 3.50%

Limited Pay of 12 years
After 5 policy years : 3.95%

NEXT

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12,
G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration

CONVENTIONAL PARTICIPATING PLANS

Premium Payment Term Bonus(SRB/CashBonus*)

Product Name UIN
Declared 2023-2024
Limited Pay of 6 years 3.40%
Limited Pay of 8 years 3.30%
(UIN :107N102V01)
(UIN:107N102V02) Limited Pay of 10 years 3.20%
Kotak Smart Life
& Limited Pay of 12 years 3.15%
(UIN:107N102V03)
Limited Pay of 15 years 3.10%
Cash Bonus^ on Accrued Paid-Up Additions 2.85%
Limited Pay of 6 years 3.50%
Limited Pay of 8 years 3.40%
(UIN : 107N125V01) Limited Pay of 10 years 3.30%
Kotak Fortune Maximiser &
Limited Pay of 12 years 3.25%
(UIN : 107N125V02)
Limited Pay of 15 years 3.15%
Cash Bonus^ on Accrued Paid-Up Additions 2.70%
PPT Band Age Band Policy Term Band Cash Bonus
0-35 2.56%
PPT 8 36-45 2.28%
46-50 2.05%
0-35 2.40%
36-45 2.19%
PPT 10
46-50 85 – LA Age 2.02%
51-55 1.84%
0-35 2.23%
Kotak Get Assured Income
(UIN : 107N141V01) 36-45 2.02%
Now (GAIN) PPT 12
46-50 1.83%
51-55 1.62%
0-35 2.53%
PPT 8
36-44 2.31%
0-35 2.34%
PPT 10 40
36-45 2.21%
0-35 2.13%
PPT 12
36-45 2.01%
Cash Bonus on Accrued Paid Up Additions 2.85%

NEXT

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12,
G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration

SRB: Simple Reversionary Bonus - expressed as a percentage of the Basic Sum Assured
*

Cash Bonus: expressed as a % of the basic Sum Assured or Accrued Paid-Up Additions for Kotak Premier Life, Kotak SmartLife Plan and
Kotak Fortune Maximiser Plan (applicable from 1st Jun 2024 to 31st May 2025) and Kotak GAIN plan (applicable from 1st April 2024
and 31st May 2025.) would be applicable to policyholders who have selected the Cash option. For policyholders who have selected
Paid-Up Addition option, Cash Bonus payable will be utilized to purchase paid up additions. Further Cash Bonus may get declared on
Basic Sum Assured and accrued Paid-Up Addition as the case may be, which in turn will get utilized to purchase paid up addition at the
end of policy year.

^Cash bonus declared on paid up additions is calculated as a percentage of accrued paid up additions.
#
For Kotak Child Edu, Kotak Child Future and Premier Life, reversionary bonus is only paid till end of premium payment term. For Premier
Life, Cash Bonus is applicable after the end of Premium Payment term.

@
Cash bonus as a % of base sum assured would be applicable. Cash bonus would be converted into paid up additions for the
policyholders who have selected the paid up addition option and they would be eligible for cash bonus on accrued paid up additions.
These bonuses are applicable to only premium-paying in-force policies or policies with ALL due premiums paid.

Note
1. Terminal bonus for conventional plans for the next financial year (FY2024-25): applicable to only in-force
policies that have paid all premiums due exit due to maturity or death during FY2024-25. Terminal bonus will
not be awarded on deaths or on maturities from ACM or reduced paid-up status. Terminal bonus has been
declared for the following products:
• Kotak Sukhi Jeevan – 1.25% for each policy year for policies completing atleast 10 policy years.
• Kotak Surakshit Jeevan – 2.75% for each policy year for policies completing atleast 10 policy years.
• Kotak Eternal Life (Classic & Premier Shield) – 3% for each policy year for policies completing atleast
10 policy years.
• Child Future & Child Edu – 2.25% for each policy year for policies completing atleast 10 policy years
• Premier Endowment - 1.50% for each policy year for policies completing atleast 10 policy years
• Classic Endowment & Premier Moneyback – 1.00% for each policy year for policies completing atleast
10 policy years
• Smart Life 3.90% on Sum Assured and 0.70% on Paid Up additions for policies with premium payment
term of 6 years and which would complete 6 policy years during FY2024-25 as on their date of exit due to
maturity or death

2. Terminal bonus on surrender for conventional plans for the next financial year (FY2024-25): applicable to
only in-force premium paying policyholders who exit due to surrender during FY2024-25 and where the
surrender is post completion of 3 policy years. Please note, terminal bonus will not be awarded on surrender
from paid-up status. Terminal bonus has been declared for the following products:
• Fortune Maximiser as a percentage for each completed year, for policies completing 3 year during
FY 2024-25
• 6PPT and No Cash Bonus Deferral (Immediate Cash Bonus Option) – 2%
• 6PPT and 5 Years Cash Bonus Deferral Option– 1.35%
• 6PPT and 7 Years Cash Bonus Deferral Option– 1.20%
• 6PPT and 10 Years Cash Bonus Deferral Option– 1.10% NEXT

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12,
G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration

3. Special terminal bonus for conventional plans for the next financial year (FY2024-25): applicable to only
in-force policies that have paid all premiums due and that mature in FY 2024-25
• Kotak Surakshit Jeevan – 1.5% for each policy year

4. Interim bonus for the next financial year (FY2024-25): Interim bonus for conventional plans for the next
financial year (FY2024-25) applicable to all conventional-participating-policyholders (except for Smart Life,
Fortune Maximiser, GAIN and Premier Life Plan policyholders) who exit due to surrender* or death during
FY2024-25. This is not applicable on any other exits (CFI, lapse, foreclosure etc).
• For Smart Life plan, interim cash bonus rates will be applicable for policyholders who exit due to surrender
or death between 1st June 2024 and 31st May 2025
• For Fortune Maximiser plan, interim cash bonus rates will be applicable for policyholders who exit due to
surrender or death between 1st June 2024 and 31st May 2025.
• For GAIN plan, interim cash bonus rates will be applicable for policyholders who exit due to surrender or
death between 1st April 2024 and 31st May 2025.
• For Premier Life Plan, interim cash bonus rates will be applicable for policyholders who exit due to
surrender or death between 1st June 2024 and 31st May 2025.
The rates of interim bonus are the same as reversionary/cash bonus rates in the table above. Interim bonus will
be given on a pro-rata basis at the time of exit, based on number of days elapsed from the previous policy
anniversary.
For products namely Classic Endowment, Premier Endowment, Premier Moneyback, Premier Life, Premier
*

Income, Premier Pension Plan

5. Special survival bonus for conventional plans for the next financial year (FY2024-25): applicable to only
in-force policies that have paid all premiums due and that complete premium payment term in FY2024-25
• Kotak Eternal Life (Classic & Premier Shield) – 2% for each premium payment year.

6. GA (Guaranteed Additions) is applicable for both Premier Endowment and Premier Pension plan

NEXT

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12,
G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration

ACCUMULATING PARTICIPATING PLANS

Premium Payment Term Bonus1 Declared
Product Name
FY 2023-2024
Kotak Retirement Income Plan (UINs: 107N013V01 & 107N014V01) 8% These rates are inclusive of
Kotak Capital Multiplier Plan (UIN: 107N011V01) 7% the Guaranteed return as
specified in Note point "2"
Kotak Child Advantage Plan (UIN: 107N008V01) 7% below
Kotak Endowment Plan (UIN: 107N002V01) 7%
Kotak Money Back Plan (UIN: 107N003V01) 7%

Note
1. Bonuses are expressed as a percentage of the Accumulation Account compounded monthly (to in-force
premium paying and ACM policies)

2. The rates shown in the table are inclusive of the guaranteed return of 3% p.a. as specified in the plan details

3. Interim Bonus for accumulating plans for FY 2024 - 25: Will be applicable to all
accumulating-participating-policyholders who exit due to surrender, maturity or death during FY2024-25 and
is not applicable on any other exits (CFI, lapse, foreclosure etc).
a) Accumulating life plans: 7% p.a (inclusive of guaranteed return of 3% p.a) of accumulation account
value, compounded monthly from 1st April 2024 up to the time of exit.
b) Accumulating pension plans: 8% p.a. (inclusive of guaranteed return of 3% p.a) of accumulation
account value, compounded monthly from 1st April 2024 up to the time of exit.

Please Note: These rates are inclusive of the guaranteed return of 3% p.a. as specified in the plan details

4. Terminal Bonus for accumulating plans for FY 2024-25: Will be applicable to only in-force policies that have
paid all premiums due and exit due to death or maturity during FY 2024-25 ~Terminal Bonus Rate as a % of
accumulation account value (after all other applicable bonuses) at the time of exit.
i) Accumulating life plans: a) Kotak Capital Multiplier & Kotak Child Advantage: 7.5%~, Kotak
Endowment Plan : 10%~ and Kotak Moneyback Plan : 12.5%.~
ii) Accumulating pension plans: Kotak Retirement Income Plan (with & without cover) :7.5%~

5. Terminal Bonus shall not be applicable on deaths / surrender or on maturities from ACM/reduced paid-up
status. This bonus will also not be paid on top ups accumulation amount

Bonus Rates declared for all our policies SINCE INCEPTION TILL FY 2022-23 CLICK HERE

Disclaimer: The bonus rates shown are specific to the years mentioned and are not indicative of bonus rates that may be
declared in future.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12,
G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration
The Regular and Reversionary Bonus Rates declared for all our policies SINCE INCEPTION TILL FY 2022-23
are given in the following tables

Conventional Participating Plans

Bonus(SRB*)Declared
Product Name Product UIN Premium Payment Term 2019 2011
2023 2022 2021 2020 2017 2016 2015 2014 2013 2012 2007
2018 2008
Kotak SukhiJeevan (UIN:107N036V01) - 3.00% 3.00% 3.00% 3.00% 2.50% 2.50% 2.50% 2.25% 2.00% 2.00% 2.00% 2.00% 2.00%
Policies completing less than or 5 policy yrs 3.00% 3.00% 3.00% 3.00% 3.00% 2.75% 2.50% 2.25% 2.00% 2.00%
Kotak Eternal Life - Classic Shield (UIN: 107N040V01)
Policies completing 6 to 10 policy yrs 3.25% 3.25% 3.25% 3.25% 3.25%
Kotak Eternal Life - PremierShield (UIN:107N041V01) 2.00% 2.00% NA
Policies completing 11 to 15 policy yrs 3.50% 3.50%
Kotak Surakshit Jeevan" (UIN:107N042V01) 3.50% 3.50% 3.50% 3.00% 2.75% 2.50% 2.25% 2.25%
Policies completing more than 15 policy yrs 4.20% 4.20%
Policies which have not completed 5 policy yrs 3.50% 3.50% 3.50% 3.50% 3.50% 3.00%
Kotak Child Edu Plan (UIN:107N072V01) Policies which have completed 6 - 10 policy yrs 3.75% 3.75% 3.75% 3.75% 3.75% 3.25%
Policies completed more than 10 yrs 4.20% 4.20% 4.20% 3.75% 3.75% 3.25% 2.50% 2.25% 2.00% 2.00% 2.00% NA

Policies which have completed 5 policy yrs 3.50% 3.50% 3.50% 3.50% 3.50% 3.00%
Kotak Child Future Plan (UIN:107N071V01)
Policies completing more than 5 policy yrs 3.75% 3.75% 3.75% 3.75% 3.75% 3.25%
First 5 Policy Yr 2.50% 2.50% 2.50% 2.50% 2.50%
Regular PPT 2.50% 2.50% 2.50% 2.50%
After 5 Policy Yr 2.80% 2.80% 2.80% 2.80% 2.80%

Kotak Classic Endowment Plan (UIN:107N082V01) First 5 Policy Yr 2.75% 2.75% 2.75% 2.75% 2.75%
LPPT 7 years 2.75% 3.00% 3.00% 3.00% NA
(UIN:107N082V02) After 5 Policy Yr 3.10% 3.10% 3.10% 3.10% 3.10%
First 5 Policy Yr 2.60% 2.60% 2.60% 2.60% 2.60%
LPPT 10 yrs or more 2.60% 3.00% 3.00% 3.00%
After 5 Policy Yr 2.95% 2.95% 2.95% 2.95% 2.95%
First 5 Policy Yr 2.70% 2.70% 2.70% 2.70% 2.70%
LPPT of 8 yrs 2.70% 3.00% 3.00% 3.00%
After 5 Policy Yr 3.10% 3.10% 3.10% 3.10% 3.10%

(UIN:107N083V01) First 5 Policy Yr 2.75% 2.75% 2.75% 2.75% 2.75%

Kotak Premier Moneyback Plan LPPT of 10 yrs 2.75% 3.00% 3.00% 3.00% NA
(UIN:107N083V02) After 5 Policy Yr 3.15% 3.15% 3.15% 3.15% 3.15%
First 5 Policy Yr 2.85% 2.85% 2.85% 2.85% 2.85%
LPPT of 12 yrs 2.85% 3.00% 3.00% 3.00%
After 5 Policy Yr 3.25% 3.25% 3.25% 3.25% 3.25%
 BONUS
Declaration

Bonus(SRB*)Declared
Product Name Product UIN Premium Payment Term 2019 2011
2023 2022 2021 2020 2017 2016 2015 2014 2013 2012 2007
2018 2008
First 5 Policy Yr 3.10% 3.10% 3.25% 3.25% 3.25%
LPPT of 8 yrs
After 5 Policy Yr 3.50% 3.50% 3.65% 3.65% NA
First 5 Policy Yr 3.15% 3.15% 3.30% 3.30% 3.30%
LPPT of 12 yrs
(UIN:107N096V01 After 5 Policy Yr 3.55% 3.55% 3.70% 3.70% NA
Kotak Premier Life Plan 3.00% 3.00% NA NA NA NA NA NA
(UIN:107N096V03) First 5 Policy Yr 3.20% 3.20% 3.35% 3.35% 3.35%
LPPT of 15 yrs
After 5 Policy Yr 3.60% 3.60% 3.75% 3.75% NA
First 5 Policy Yr 3.35% 3.35% 3.50% 3.50% 3.50%
LPPT of 20 yrs
After 5 Policy Yr 3.80% 3.80% 3.95% 3.95% NA
First 5 Policy Yr GA5 5.00% 5.00% 5.00% 5.00% 5.00%
Regular PPT
After 5 Policy Yr 3.25% 3.25% 3.25% 3.25% 3.25%
Bonus not applicablein the first
(UIN:107N079V01) First 5 Policy Yr GA5 5.00% 5.00% 5.00% 5.00% 5.00%
Kotak Premier Endowment Plan LPPT 5&7 yrs 5 years, Guaranteed additions NA
(UIN:107N079V02) After 5 Policy Yr 4.25% 4.25% 4.25% 4.25% 4.25% @ 5 p.a. of Sum Assured accrues
during this period.
First 5 Policy Yr GA5 5.00% 5.00% 5.00% 5.00% 5.00%
LPPT of 10&15 yrs
After 5 Policy Yr 3.75% 3.75% 3.75% 3.75% 3.75%
First 5 policy Yr GA5 5.00% 5.00% 5.00% 5.00%
Regular Bonus not applicable in
After 5 policy Yrs 4.40% 4.40% 4.40% 4.40%
the first 5 years, Guaranteed
(UIN:107N094V01) First 5 policy Yrs GA5 5.00% 5.00% 5.00% 5.00% additions as % Sum Assured
Kotak Premier Pension Plan LPPT
(UIN:107N094V02) accrues during this period: NA
After 5 policy Yrs 4.55% 4.55% 4.55% 4.55%
Regular/Limited PPT:
irst 5 policy Yrs GA5 2.00% 2.00% 2.00% 2.00% 5% p.a., Single PPT: 2% p.a.
Single Pay
After 5 policy Yrs 5.50% 5.50% 5.50% 5.50%

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051.
Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration

Bonus(SRB*)Declared
Product Name Product UIN Premium Payment Term 2019 2011
2023 2022 2021 2020 2017 2016 2015 2014 2013 2012 2007
2018 2008
First 5 policy Yrs GA5 2.90% 2.90%
LPPT of 8 years 2.90% 2.90% 2.90% 2.90%
After 5 policy Yrs 3.25% 3.25%

Kotak Premier Income Plan (UIN:107N099V01) First 5 policy Yrs GA5 3.25% 3.25%
LPPT of 10 years 3.25% 3.25% 3.25% 3.25% NA
(UIN:107N099V02) After 5 policy Yrs 3.65% 3.65%
First 5 policy Yrs GA5 3.50% 3.50%
LPPT of 12 years 3.50% 3.50% 3.50% 3.50%
After 5 policy Yrs 3.95% 3.95%
Limited Pay of 6 years 3.25% 3.25% 3.25% 3.25% 3.40%
Limited Pay of 8 years 3.15% 3.15% 3.15% 3.15% 3.30%
(UIN:107N102V01) Limited Pay of 10 years 3.05% 3.05% 3.05% 3.05% 3.20% NA
Kotak Smart Life
(UIN:107N102V02) Limited Pay of 12 years 3.00% 3.00% 3.00% 3.00% 3.15%
Limited Pay of 15 years 2.95% 2.95% 2.95% 2.95% 3.10%
Cash Bonus^ on Paid-Up Additions 2.85% 2.85% 2.85% 2.85% 2.95%
Limited Pay of 6 years 3.30% 3.30%
Limited Pay of 8 years 3.25% 3.25%

(107N125V01) Limited Pay of 10 years 3.20% 3.20%

Kotak Fortune Maximiser
NA
Limited Pay of 12 years 3.10% 3.10%
Limited Pay of 15 years 3.10% 3.10%
Cash Bonus^ on Accrued Paid-Up Additions 2.70% NA
*SRB: Simple Reversionary Bonus - expressed as a percentage of the Basic Sum Assured
Cash Bonus: expressed as a % of the basic Sum Assured or Accrued Paid-Up Additions for Kotak SmartLife Plan & Kotak Fortune Maximizer, shall be applicable to policyholders who have selected the Cash option. For
policyholders who have selected Paid-Up Addition option, Cash Bonus payable will be utilized to purchase paid up additions. Further Cash Bonus may get declared on Basic Sum Assured and accrued Paid-Up Addition as the case
may be, which in turn will get utilized to purchase paid up addition at the end of policy year.

^Cash bonusdeclared on paid up additions is calculated as a percentage of accrued paid up additions

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051.
Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.
 BONUS
Declaration
The Regular and Reversionary Bonus Rates declared for all our policies
SINCE INCEPTION TILL FY 2022-23 are given in the following tables

Accumulating Participating Plans

Bonus(SRB*)Declared
Product Name Product UIN 2023 2022 2015 2010 2009 2008 2007 2005 2004 2003 2002
2016 2011 2006

Kotak Retirement Income Plan (UIN: 107N013V01 & 107N014V01) 8.00% 8.00% 8.00% 8.00% 7.00% 8.00% 7.00% 6.75% 6.50% 7.50% NA

Kotak Capital Multiplier Plan (UIN:107N011V01) 7.00% 7.00% 7.00% 6.75% 5.00% 7.00% 7.00% 6.75% 6.50% 7.50% NA

Kotak Child Advantage Plan (UIN:107N008V01) 7.00% 7.00% 7.00% 6.75% 5.00% 7.00% 7.00% 6.75% 6.50% 7.50% NA

Kotak Endowment Plan (UIN:107N002V01) 7.00% 7.00% 7.00% 6.75% 5.00% 7.00% 7.00% 6.75% 6.50% 7.50% 8.00%

Kotak Money Back Plan (UIN:107N003V01) 7.00% 7.00% 7.00% 6.75% 5.00% 7.00% 7.00% 6.75% 6.50% 7.50% 8.00%

Note
1. Bonuses are expressed as a percentage of the Accumulation Account compounded monthly
2. The rates shown in the table are inclusive of the guaranteed return of 3% p.a. as specified in the plan details

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN : U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051.
Website: www.kotaklife.com I Email:kli.in/WECARE I Toll Free No.: 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and issued by Kotak Mahindra Life Insurance Company Ltd. under license.