India's 1st IRDAI Approved Insurance Web Aggregator
Kotak Life Child Future Plan - Bonus Rates Calculate Maturity Value
Kotak Life Child Future Plan - Bonus Rates Calculate  Maturity Value
377 VIEWS

Bonus rates for Kotak Life Child Future Plan

The table below shows the Bonus rates declared for Kotak Life Child Future Plan from inception. You can use this to calculate the Kotak Life Child Future 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 Future Plan ( UIN - 107N071V01)

Year Premium Payment Term Bonus Rate
2018-19 Policies completing more than 5 policy years 3.75%
2018 Policies which have completed 5 policy years 3.75%
2017 Policies which have completed 5 policy years 3.25%
2016 Policies which have completed 5 policy years 2.50%
2015 Policies which have completed 5 policy years 2.25%
2014 Policies which have completed 5 policy years 2.00%
2013 Policies which have completed 5 policy years 2.00%
2012 Policies which have completed 5 policy years 2.00%
2011-08 Policies which have completed 5 policy years NA
2007 Policies which have completed 5 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 Future Plan, you have to add all of the following - 110% of the Sum Assured + accrued Reversionary Bonus + Terminal Bonus + Future Reversionary Bonus.

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 Future Plan Review

Leave a Comment

Important: Insurance is the subject matter of solicitation | © 2009-2021 MyInsuranceClub.com