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home > Insurance > Products > KOTAK > HeadStart Assure Wealth
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KOTAK -- HEADSTART ASSURE WEALTH |
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HeadStart Assure Wealth
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This is unit linked child plan from Kotak Life Insurance Co. Ltd. Basic plan features are:
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Parent is the life assured with sum assured which is higher of 5 x annual premium or 0.5 x policy term x annual premium. In case of death of parent during the policy term, higher of sum assured or fund value would be paid. |
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The fund value shall be paid as the maturity benefit, either as a lump sum or in installments as a money back phase of 5 years after maturity. |
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Choice of 5 funds with the Dynamic Floor fund being the USP of the plan. |
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Riders available are: Critical Illness Benefit, Permanent Death Benefit, Accidental Death Benefit. |
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Eligibility
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Entry age (for parent): minimum – 18 years; maximum – 60 years |
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Term: minimum – 10 years or 18 years less the younger child’s current age, which ever is greater |
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Limited premium payment term: 3 years to 10 years |
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Maturity age: max. – 70 years (older policy holder); min – 18 years (younger beneficiary) |
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Regular annual premium: min Rs.15000 |
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Limited premium payment: min – Rs.25000 p.a. for payment term of 4 to 10 years; min – Rs.50000 for payment term of 3 years |
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Tax benefits available under Section 80C and Section 10(10D) of the Income Tax Act, 1961 |
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For more details on the policy please write to Atul at [email protected]
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