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Old March 28th, 2016, 11:32 AM
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Join Date: Nov 2011
Default Re: Ing Vysya Life Insurance Plans

On your concern buddy I would like to tell you that Ing Vysya bank is now Kotak Mahindra Bank and here I will help you to get the information about Kotak Premier Life Plan offer to there customers.

Here is the eligibility criteria to apply for the plan
Entry Age Min: 3 years
Max:
8 years PPT - 55 years
12 years PPT - 53 years
15 years PPT - 50 years
20 years PPT - 45 years

Maturity Age 99 years

Premium Payment Term (PPT) Fixed PPT of 8, 12, 15 and 20 years

Policy Term 99 years less entry age

Premium Payment Option Limited pay

Minimum Premium Determined on the basis of Sum Assured on maturity, entry age, gender and premium payment term

Maximum Premium No limit, subject to underwriting

Minimum Sum Assured on maturity 2,00,000

Premium Payment Mode Yearly, Half yearly, Quarterly and Monthly

Modal Factor (% of annual premium)

The following modal loadings will be used to calculate the installment Premium.
Yearly - 100%
Half yearly - 51%
Quarterly - 26%
Monthly - 8.8%

Additional protection in this plan
Kotak Term Benefit Rider: In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.

Kotak Accidental Death Benefit Rider: In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.

Kotak Permanent Disability Benefit Rider: In case of life insured being permanently disabled due to accident, benefit is paid in installments.

Kotak Life Guardian Benefit Rider: In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.

Kotak Accidental Disability Guardian Benefit Rider: In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.

Advantages of the plan
Participating whole life plan offering protection up to the age of 99 years

Simple Reversionary bonus declared from 1st policy year till the end of Premium payment term and Cash Bonus after the expiry of Premium payment term

Option to either receive bonus payouts or accumulate them under the policy
More value for money through discount in premium for high Sum Assured on maturity and female lives

Option to enhance protection through a wide range of Riders

Tax benefits u/s Sec 80(C) and 10(10D) of the Income Tax Act


Address:-
ING Vysya Bank
ING Vysya House, No. 22, M.G. Road
Bengaluru
Karnataka
560001

Phone:-
080-25005000
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