Bonus rates for Kotak Life Child Edu Plan

The table below shows the Bonus rates declared for Kotak Life Child Edu Plan from inception. You can use this to calculate the Kotak Life Child Edu Plan Maturity Value. Reversionary Bonus for your policy is calculated as a percentage of sum assured.

In case you have a plan with Sum Assured of Rs. 5,00,000 - Use the values in the table as following:

Bonus Value = (Sum Assured x Bonus Rate / 100) = 5,00,000 x Bonus Rate / 100

Reversionary Bonus for Kotak Life Child Edu Plan ( UIN - 107N072V01)

Year	Premium Payment Term	Bonus Rate
2018-19	Policies completing lessthan or 5 policy years	3.50%
2018	Policies which have not completed 5 policy years	3.50%
2017	Policies which have not completed 5 policy years	3.00%
2016	Policies which have not completed 5 policy years	2.50%
2015	Policies which have not completed 5 policy years	2.25%
2014	Policies which have not completed 5 policy years	2.00%
2013	Policies which have not completed 5 policy years	2.00%
2012	Policies which have not completed 5 policy years	2.00%
2011-08	Policies which have not completed 5 policy years	NA
2007	Policies completing more than 10 policy years	NA

 

Terminal Bonus

Terminal bonus is the Bonus paid out upon the termination of the policy either on maturity or in the unfortunate event of death subject to conditions in the base plan, wherein bonus may be payable only after completion of certain number of policy years. This bonus rate will be based on either Basic Sum Assured or Accumulation Account depending on the plan type.
 

Maturity Benefit

So to get to the Maturity benefit of Kotak Life Child Edu Plan, you have to add all of the following - 60% of the Sum Assured + Accrued Reversionary Bonus + Terminal Bonus + Future Reversionary Bonus(if any)

Do let us know in case you need any further information on the bonus rates for this plan or in calculating the returns for your Kotak Life Child Edu Plan

Please contact the Kotak Life's office for exact details of the bonus which has accrued in your plan.

You can read know more about the plan and it’s working here - Kotak Life Child Edu Plan Review