Kotak Smart Advantage

Kotak Smart Advantage – the best investment plan for long term savings
How you shape your tomorrow depends greatly on how you build on your today. Kotak Smart Advantage is a smart investment plan that addresses your current financial needs while building long term savings for your future. It is an ideal investment plan providing an optimal mix of insurance and investments, thus protecting your family against any odds and building a corpus for your future.
Why Kotak Smart Advantage Plan is an ideal Investment Plan
Kotak Smart Advantage is an intelligent unit-linked investment plan that is based upon the idea of regular long term savings and systematic accumulation of wealth. It offers guaranteed returns along with the benefit of flexible life cover and up to 100% allocation of your money, making it ideal for your long term financial needs.
Advantages of the Kotak Smart Advantage Plan
Here are the advantages of investing in, Kotak Smart Advantage: the smart long term savings investment plan
  • Guaranteed returns of up to 275% of the first year’s premium at maturity
  • Loyalty bonus at regular intervals to boost the fund value
  • Up to 100% allocation of premiums
  • Flexibility to choose life cover
  • Unique funds offering you maximum opportunity for growth
Key Features of the Kotak Smart Advantage Plan
Guaranteed Additions
Kotak Smart Advantage Plan is an ideal investment plan that offers long term savings in the form of guaranteed returns. Your first year’s premium contributes towards guaranteeing you an Assured Addition Advantage that boosts your fund value at regular intervals throughout the term of the policy. The longer your premium paying term, the higher will be the value of the advantage in this investment plan. This works in accumulation of a large corpus of wealth in the form of long term savings.
The Assured Addition Advantage is as a powerful combination of the following two benefits, both of which are paid, provided your policy is in force and all premiums are fully paid up to date:
A. Fixed Advantage
The Fixed Advantage benefit is an assured value guaranteed at the end of your premium payment term. The fixed advantage benefit available with this investment plan is calculated as a percentage of your first year’s premium depending on the premium payment term chosen.
B. Dynamic Advantage
The Dynamic Advantage benefit is an assured bonus addition credited to your fund value at the end of every 10th, 15th, 20th, 25th and 30th policy year. This benefit will be calculated as a percentage of the average value of funds in the three years preceding the benefit allocation. This benefit aims to boost your long term savings.
Wealth Maximization Avenue in this Investment Plan
This investment plan offers you three well-defined fund options to maximize long term savings as per your risk appetite over the term of the policy — Opportunities Fund, Dynamic Floor Fund, & Dynamic Bond Fund.
High Premium Allocation
Kotak Smart Advantage Plan gives you 100% premium allocation for annual premium sizes equal to and above Rs.36,000, resulting in greater returns. Low premium allocation charges of up to 2% are charged for annual premiums below Rs. 36,000. These charges reduce to 0% from the 11th year onwards.
Protection for your family (Death Benefit)
In the unfortunate event of death within the term of the policy, your beneficiary would receive the sum assured or the fund value in the Main Account plus the Fixed Advantage Benefit, whichever is higher, plus the fund value in the Top-up account. This investment plan offers you flexible life cover options to choose from for the same annual premium.
Tax Benefits of this Investment Plan
Tax benefits can be availed under section 80C and 10(10D) of Income Tax Act, 1961. Tax benefits are subject to change in tax laws. Please consult your tax advisor for details.
For more details on risk factors, terms and conditions please download the product brochure. UIN No.: 107L043V01
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors.
The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
Kotak Mahindra Old Mutual Life Insurance Ltd is only the name of the Insurance Company and Kotak Smart Advantage Plan is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer.Minimum premium payable: 15,000 maximum- no limit
Term: 5,10,15,20,25 and 30years
Funds available under this plan:  Opportunities fund (CAG of 67.4% since inception, 76.6% in 1year)
Dynamic Floor Fund(CAG of 16.2% since inception and 28.7% in 1year)
Dynamic Bond Fund(CAG of 8.5 since inception and 18.2% in 1year)
Sum Assured (SA) : minimum of  75,000 to 30,00,000 without medicals and upto 50,00,000 with medicals subject to age and family history.

why kotak life insurance only:

1.The premier financial institution in India, reaching and serving all sectors of finance
2.The only NBFC got license to become banking firm
3.The second pvt insurance firm to break into Profits (1st is SBI life) out of 23 insurance companies in India.

Why only now?

This Smart Advantage plan is under review and from jan 2010 the scheme (table ) may be changed in terms of SA, cover and benefits. Even yearly allocation charges will be levied, which are not charged now.

Take a decision join the company of financial security guards, who will guard your money always.
I hope you all take the right step

Looking forward to serve you better

Srinivasareddy 9632024533


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4 Comments on “Kotak Smart Advantage”

  1. shiva Says:

    I have taken this plan but your executives did not tell the hidden costs and charges involved.Is this fair?

    • point4future Says:

      Dear Shivram
      Thaks for your feed back. As i told you in my earlier posts Insurance sector and it’s products are of the widely mis-sold worldwide. Some Advisors who want make quick buck will sell with highlighting the pros of the plan.
      Can you provide more details if in case I can help you..
      Thanks & regards

  2. Mushtakahmad Alli Ambedkar Says:

    dear sir
    I am mushtakahmad ali ,policy no.01840717. your agent not give the update on my investment like what is the current value of it., even the explanation is not available. can you provide these information
    thanks and regards

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