
Bonus rates for Kotak Eternal Life Premier Shield Plan
The table below shows the Bonus rates declared for Kotak Eternal Life Premier Shield Plan from inception. You can use this to calculate the Kotak Eternal Life Premier Shield 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 Eternal Life Premier Shield Plan ( UIN - 107N041V01)
Year | Premium Payment Term | Bonus Rate |
2018-19 | Policies completing less than or 5 policy years | 3.00% |
Policies completing 6 to 10 policy years | 3.25% | |
Policies completing more than 10 policy years | 3.50% | |
2018 | Policies completing less than or 5 policy years | 3.00% |
Policies completing 6 to 10 policy years | 3.25% | |
Policies completing more than 10 policy years | 3.50% | |
2017 | Policies completing less than or 5 policy years | 2.75% |
Policies completing 6 to 10 policy years | 3.00% | |
Policies completing more than 10 policy years | 3.00% | |
2016 | Policies completing less than or 5 policy years | 2.50% |
Policies completing 6 to 10 policy years | 2.75% | |
Policies completing more than 10 policy years | 2.75% | |
2015 | Policies completing less than or 5 policy years | 2.25% |
Policies completing 6 to 10 policy years | 2.50% | |
Policies completing more than 10 policy years | 2.50% | |
2014 | Policies completing less than or 5 policy years | 2.00% |
Policies completing 6 to 10 policy years | 2.25% | |
Policies completing more than 10 policy years | 2.25% | |
2013 | Policies completing less than or 5 policy years | 2.00% |
Policies completing 6 to 10 policy years | 2.25% | |
Policies completing more than 10 policy years | 2.25% | |
2012 | Policies completing less than or 5 policy years | 2.00% |
Policies completing 6 to 10 policy years | 2.00% | |
Policies completing more than 10 policy years | 2.00% | |
2011-08 | Policies completing less than or 5 policy years | 2.00% |
Policies completing 6 to 10 policy years | 2.00% | |
Policies completing more than 10 policy years | 2.00% | |
2007 | Policies completing less than or 5 policy years | 2.00% |
Policies completing 6 to 10 policy years | NA | |
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.
Death Benefit
If the Life Insured dies within the policy tenure, the following is paid as Death Benefit.
Within the Premium Paying Term, the nominee would receive the Sum Assured + accrued Reversionary Bonus + Terminal Bonus (if any) + Interim Bonus (if any) would be paid as Death Benefit and the policy would be terminated
Maturity Benefit
So to get to the Maturity benefit of Kotak Eternal Life Premier Shield Plan, you have to add all of the following - Sum Assured + Terminal Bonus (if any) would be paid as Maturity Benefit.
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 Eternal Life Premier Shield 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 Eternal Life Premier Shield Plan Review
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