Visit to

Amusement reun
park
ion
Surprise gift for wife
College
Birthday gifts
Flight tickets
for uncle
Cousin's
Mobile wedding
School project Music
s
Lost wrist-watch Car issue
damage
Medical emergency renovation
Home concert
oolic Craopsh cours Shopping
e
Schpicn Lapt
Problem

Apka smart savings plan

Key Advantages

75
years

Offers protection Convenience of Avail chosen Bonus* Additional protection

up to the age of choosing Bonus* option from end of 1st through optional
75 years options: Cash Payout policy year onwards on riders on payment of
or Paid-Up Addition monthly or yearly basis additional premium

Death Benefit
If all the due Premiums have been paid, death benefit shall be:
• Under Cash Bonus Payout option:
Sum Assured on death PLUS Interim bonus, if any PLUS Terminal bonus, if any PLUS Present Value of
outstanding monthly cash bonus payout for the remaining months of the year of the death of Life
Insured, if monthly frequency is opted under Cash Bonus
• Under Paid-Up Addition option:
Sum Assured on death PLUS Accrued Paid-up Additions, if available PLUS Interim bonus, if any PLUS
Terminal bonus, if any
Where Sum Assured on death is: higher of:
1) 11 times of Annualised1 Premium (including extra premium, if any) OR
2) Basic Sum Assured, which is the guaranteed maturity benefit OR
3) 105% of all premiums paid (including extra premium, if any) till the date of death
Annualised Premium - Premium payable in a policy year excluding Rider Premiums, underwriting extra premiums,
1

loadings for modal premium, if any and Goods and Services Tax and Cess, as applicable.

Survival Benefit
The Survival Benefit shall be payable as per the chosen Bonus option, as explained below:
• Cash Payout option:
Under this option, at the end of each policy year, starting from the end of 1st policy year - Cash Bonus
declared will get paid out till end of the policy term or death or surrender, whichever is earlier.
You also have the option to choose Cash Payout on a monthly basis, which shall be calculated as:
(102.25% * Yearly Cash Bonus Payout) / 12
The first monthly Cash Bonus Payout (if any) under this option shall start from the first policy anniversary date.
• Paid-Up Addition option:
Under this option, at the end of each policy year, starting from the end of 1st policy year - Cash Bonus
declared will get utilized to purchase Paid-Up Additions (additional Sum Assured). The "Cash Bonus", for
Basic Sum Assured and Paid-Up Additions will be declared separately which in turn will get utilized to
Purchase Paid-Up Addition at the end of the policy year. Paid-Up Additions are additional guaranteed
benefits payable on death or maturity.
Paid-Up Addition will be calculated as: [Paid-Up Addition Factor for the attained age X Cash Bonus]

Maturity Benefit
On survival till the end of the policy term and all due premiums are paid, the following Maturity Benefit will
be payable and policy will get terminated.
Under Cash Bonus Payout option:
Basic Sum Assured PLUS Cash Bonus, if any PLUS Terminal bonus, if any
Under Paid-Up Addition option:
Basic Sum Assured PLUS Cash Bonus, if any PLUS Accrued Paid-up Addition, if available PLUS Terminal
bonus, if any

Additional Protection through Riders

Kotak Term Rider Kotak Accidental Death Kotak Permanent Disability

Benefit Rider Benefit Rider

Kotak Life Guardian Kotak Accidental Disability Kotak Critical Illness Plus
Benefit Guardian Benefit Benefit Rider

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/ FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public
receiving such phone calls are requested to lodge a police complaint.

The South Indian Bank Ltd. is a corporate agent of Kotak Mahindra Life Insurance Company Limited with Corporate agency License
Number - CA0067. Regd. Office: SIB House, T.B. Road, Mission Quarters, Thrissur - 686102 Kerala. The plan is offered and
underwritten by Kotak Mahindra Life Insurance Company Ltd. Participation of customers of Corporate Agent shall be purely on
voluntary basis.
Kotak SmartLife Plan UIN: 107N102V02, Form No.: N102, Kotak Term Benefit Rider, UIN: 107B003V03, Form No.: B003; Kotak
Accidental Death Benefit Rider, UIN: 107B001V03, Form No.: B001; Kotak Permanent Disability Benefit Rider, UIN: 107B002V03,
Form No.: B002; Kotak Life Guardian Benefit, UIN: 107B012V02, Form No.: B012; Kotak Accidental Disability Guardian Benefit, UIN:
107B011V02, Form No.: B011, Kotak Critical Illness Plus Benefit Rider - 107B020V01, Form No.: B020. Ref. No.: KLI/20-21/P-PL/251.
This is a Savings-cum-Protection oriented Participating Endowment plan. Benefits under this plan are dependent upon the
performance of the participating Funds. Tax laws are subject to amendments from time to time. Customer is advised to take an
independent view from tax consultant. For more details on risk factors, terms and conditions please read the sales brochure
carefully before concluding a sale. For more details on riders please read the Rider Brochure.
*At the end of each financial year throughout the policy term, the company may declare a bonus expressed as a percentage of the
Basic Sum Assured. Cash Bonus will be this percentage multiplied by the Basic Sum Assured. Please note that Bonuses are NOT
guaranteed and may be as declared by the Company from time to time. The guaranteed and non-guaranteed benefits are applicable
only if all due premiums are paid and policy is in force.
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 | WhatsApp: 9321003007 I
Toll Free No. - 1800 209 8800.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd.
under license.