Kotak ULIP Plan
Kotak ULIP Plan
  • Loyalty Additions
  • Additional survival Benefits
  • Tax Benefits Under 80C
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Kotak ULIP Plans

Kotak Life Insurance is one of the fastest-growing insurance companies in India, covering over 19 million lives nationwide. The company deals with world-class Indian financial services with technology and best practices benchmarked along international lines. It satisfies customers with effective insurance products.

Talking about insurance, Kotak Mahindra offers ULIP Plans which are a range of Savings and Investment Plans that makes sure your money does all the hard work so that you get the opportunity for wealth creation more conveniently by making investments in combination with life insurance cover so that you can celebrate and live your life to the fullest without any concerns for tomorrow.

Types of Kotak ULIP Plans

Kotak Mahindra ULIP PlansAnnualized Premium (Rs.)Entry AgePolicy Term (in years)Maximum Maturity Age (in years)
Kotak Invest MaximaRs. 50,000 onwards0 years65 yearsRegular Premium: 10, 15, 20, 25 & 30 years | Limited Premium: 10, 15, 20, 25 & 30 years | Single Premium: 10 years75
Kotak Single Invest AdvantageRs. 3,00,000 onwards3 years45 years10 and 15 years58
Kotak Wealth InsuranceRs. 20,000 onwards0 years65 years10/15/20/25/30 years75
Kotak Single Invest PlusRs. 3,00,000 (Single pay only)
*For age 3 to 7 years, underwriting screening will apply
3 years55 years10 and 15 years67
Kotak Platinum PlanRs. 99,000 onwards0 years65 years10 to 30 years75
Kotak Ace InvestmentRs. 30,000 onwards0 years65 years10/15/20/25/30 years75

1. Kotak Invest Maxima

It is a unit-linked & investment-oriented life insurance plan with a systematic switching strategy and maximum premium allocation that guides you to be a part of the equity market in a structured manner.

Benefits of Kotak Invest Maxima:

  • The plan comes with no allocation charges on premiums.
  • Option to choose portfolio scheme as per requirement.
  • If the policyholder continues to invest in the plan, he/she will be rewarded with loyalty additions as a long term investment holder.
  • One can select policy tenure and premium payment term as per convenience.

2. Kotak Single Invest Advantage

It is a unit-linked plan that consists of investment strategies & easy liquidity to match your investment objectives.

Benefits of Kotak Single Invest Advantage:

  • A one-time investment plan, no need to pay again in the future.
  • Loyalty additions will be given to boost up your savings.
  • Choice of 3 investment schemes to select from.

3. Kotak Wealth Insurance

This Kotak ULIP Plan allows you to build a corpus of money by regularly investing in the funds of your choice while ensuring that your family is well protected through a comprehensive life cover.

Benefits of Kotak Wealth Insurance:

  • A corpus sum will be received at maturity via returns of investment.
  • Choice of various funds.
  • Complete security for your family with triple protection in the form of payment of 100% basic sum assured, fund value and lump sum benefit.
  • Fund portfolio is tailor-made so as to maintain investment risk-returns profile.

4. Kotak Single Invest Plus

It is a combination of loyalty additions, joint life protection cover and offers a variety of funds that ensure your investment work in the best interest of you.

Benefits of Kotak Single Invest Plus:

  • Hassle-free single payment for this ULIP plan.
  • Offers joint life cover for both the individual and spouse; on the death of first person this cover will continue for the surviving one to face future uncertainties.
  • There will be loyalty additions after 10 years for a policy tenure of 10 years and after 10 and 15 years for 15th year policy tenure.

5. Kotak Platinum Plan

It is an investment plan that you can acquire by paying nominal charges. It allows you to customize to meet your requirements. With the best combination of three investment strategies & flexibilities, it gives you complete control over your investments.

Benefits of Kotak Platinum Plan:

  • Choice of 3 investment strategies.
  • Maximum returns at affordable costs.
  • Additional survival benefits are also applicable.

6. Kotak Ace Investment

Kotak Ace Investment plan allows you to accumulate wealth and offer an adequate life cover. It comes out with convenient payment options.

Benefits of Kotak Ace Investment:

  • Flexibility to select from different investment schemes.
  • Various options are available for premium payment terms.
  • Surplus funds can be invested on Top-ups to add more in savings and existing coverage.

Features & Benefits of Kotak ULIP Plans

  • The policyholder can enjoy the benefits of loyalty additions.
  • It offers the life insured to choose from different fund options.
  • It provides the flexibility of premium payment terms.
  • The plan comes with maturity and tax benefits as well.
  • Availability of partial withdrawals.

Kotak FAQs

Switching means transferring finances from one fund to another. Switching can be achieved for existing units most effectively. Future premium allocation is for the allocation of devices for future premiums.

To check the policy status, policyholders should register themselves in the online portal of Kotak Life website and by logging in into their account, one can easily track the policy status and other details.


  • Log in to the official site using your user ID and password.
  • Check the details, if there is any due payment complete it.
  • Choose the ‘Renew’ option and proceed for the renewal process.
  • Fill the required details and your request will be processed.
  • Print and save the receipt.

Offline: Visit your nearest Kotak life branch for the process and keep the receipt safely as evidence.

If you are willing to cancel the Kotak Life ULIP Plan, submit your policy documents and the duly filled surrender form signed at the nearest Kotak Life branch. Once the cancellation process is completed, you will get a refund within 7 working days.

With Kotak Wealth Insurance plan the policyholder will get lump sum benefit along with fund value and 100% sum assured. The plan offers triple protection to support during contingencies. The high investment returns fulfill the financial goals and help you to manage unexpected events of life.

Last updated on 06-11-2020