FINANCIAL PRODUCTS

About LIC

 Life Insurance Corporation Of India

 Established in 1956, Indian state owned insurance group and investment company head
quartered in Mumbai.
 It is the largest insurance company in India with an estimate asset value of ₹15,60,482
crore.
 As of 2013 it had total life fund of ₹14,33,103.14 crore with total value of policies sold of
₹367.82 lakh that year.
About Kotak Mahindra

 Kotak Mahindra Old Mutual Life Insurance Limited is a private life insurance
company in India.
 It is an Indian private sector banking headquartered in Mumbai, Maharashtra, India.
 The company is jointly owned by Kotak Mahindra group of India and old mutual of
South Africa in 74:26 ratio respectively.
 In February 2003, Reserve Bank Of India (RBI) gave the license to Kotak Mahindra
Finance Ltd to carry on banking business.
 The company offers various protection plans, savings and investment plans, child plans
and retirement plans.
Kotak Platinum (ULIP)

 ULIP : A Unit Linked Insurance Plan is a product offered by insurance companies that,
unlike a pure insurance policy, gives investors both insurance and investment under a
single integrated plan.
 Kotak Platinum:
 Life Insurance cover that safeguards family’s well-being.
 Flexibility to receive maturity benefit via lump sum payment or in instalments
through settlement options.
 Option for partial withdrawals
 Choice of riders to enhance protection – Accidental death and permanent disability
benefit rider
Investment Strategies Offered

 Kotak Platinum offers 3 Investment Strategies :

 Self Managed Strategy
 Age Based Strategy
 Systematic Switching Strategy
 95% - 98.5% of the premium payment will go to the investment chosen, to maximize
returns.
 Apart from the earnings from investment, Survival units would be rewarded at the end of
10th policy year and every 5 years thereafter (Survival unit = 2% of the average fund
value in the immediately preceding 3 years)
 Eligibility
 Assured Sum
Kotak Income Protection plan

Increasing Monthly Income

 This plan ensures that the chosen Monthly Income increases @ 6% p.a. compounding.

Guaranteed payout period of Monthly Income

 This plan offers a minimum guaranteed payout period for the Monthly Income of 5 years in case the
balance Policy Term (at the time of death of the Life Assured) is less than 5 years.

Assured Benefit as lump sum on Death

 In the unfortunate event death of the Life Insured during policy term, the nominee will receive an Assured
Benefit (equal to 12 times of the Increased Monthly Income in the Policy Year of death) in lump sum to
meet the immediate expenses.
Kotak Classic Endowment Plan

 Participating endowment plan offering protection up to the age of 75 years

 Earn yearly bonus from 1st policy year
 Convenience to pay premiums as per affordability
 Flexibility to choose from wide range of term options as per suitability
 More value for money through discount for high Sum Assured on maturity
 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
Kotak Assured Income Plan

 Enjoy Assured Annual Income for 15 years

 Receive additional lump sum on maturity
 Provides protection for 30 years
 Additional protection through optional riders
 LIC plans
CHILDREN’S PLAN
Jeevan Chhaya Plan no.103

Features
 Product summary: This is an endowement assurance plan that provides financial protection against death
throughout the term of the plan.
 Premiums : premiums are payable yearly,half-yearly,quarterly,monthly or through salary as opted by you
throughout the policy or survives the term of the policy.
 Bonuses: this plan gets the share of profits in the form of bonuses.Simple Reversionary Bonuses are declared at
the end of the year.
Benefits
 Benefits on death/ survival.
 Guaranteed surrender value.
 Corporation’s policy on surrenders.
 Supplementary/Extra benefits.
 ENDOWEMENT POLICY
Jeevan Anand Plan no. 149
Featuresk
 Product summary: this plan is a combination of both endowement
assurance and whole life plans. It provides protection against death
througout the lifetime of the life assured with a payment of lump sum at
the end of the term.
 Benefits
 Benefits in case of death during the selected term.
 Benefit in case of survival to the end of the term.
 Accident benefit.
 Guaranteed surrender value.
 Corporations policy on surrender.
Comparison of Financial Product
Money Back Policy
LIC
 DEATH BENEFIT
 SURVIVAL BENEFIT
 MATURITY BENEFIT
 ACCIDENTAL RIDERS
 DISABILITY RIDERS
 SIMPLE REVISIONARY BONUS
 FINAL ADDITION BONUS
KOTAK
 REGULAR PAYOUTS
 MATURITY ADDITION
 DEATH BENEFIT
 ACCIDENTAL BENEFIT
 ADDITIONAL PROTECTION
 REDUCED PAID UP BENEFIT
 HIGH SUM ASSURED DISCOUNT
Eligibility