
Bonus rates for Kotak Life Classic Endowment Plan
The table below shows the Bonus rates declared for Kotak Life Classic Endowment Plan from inception. You can use this to calculate the Kotak Life Classic Endowment 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 Classic Endowment Plan ( UIN - 107N082V01)
Year | Premium Payment Term | Bonus Rate |
2018-19 | Regular Pay | First 5 policy years : 2.50% After 5 policy years : 2.80% |
Limited Pay of 7 years | First 5 policy years : 2.75% After 5 policy years :3.10% |
|
Limited Pay of 10 years or more | First 5 policy years : 2.60% After 5 policy years : 2.95% |
|
2018 | Regular PPT - First 5 Policy Yr | After 5 Policy Yr | 2.50% | 2.80% |
Limited PPT 7 years - First 5 Policy Yr | After 5 Policy Yr | 2.75% | 3.10% | |
Limited PPT of 10 yrs or more - First 5 Policy Yr | After 5 Policy Yr | 2.60% | 2.95% | |
2017 | Regular PPT - First 5 Policy Yr | After 5 Policy Yr | 2.50% |
Limited PPT 7 years - First 5 Policy Yr | After 5 Policy Yr | 2.75% | |
Limited PPT of 10 yrs or more - First 5 Policy Yr | After 5 Policy Yr | 2.60% | |
2016 | Regular PPT - First 5 Policy Yr | After 5 Policy Yr | 2.50% |
Limited PPT 7 years - First 5 Policy Yr | After 5 Policy Yr | 3.00% | |
Limited PPT of 10 yrs or more - First 5 Policy Yr | After 5 Policy Yr | 3.00% | |
2015 | Regular PPT - First 5 Policy Yr | After 5 Policy Yr | 2.50% |
Limited PPT 7 years - First 5 Policy Yr | After 5 Policy Yr | 3.00% | |
Limited PPT of 10 yrs or more - First 5 Policy Yr | After 5 Policy Yr | 3.00% | |
2014 | Regular PPT - First 5 Policy Yr | After 5 Policy Yr | 2.50% |
Limited PPT 7 years - First 5 Policy Yr | After 5 Policy Yr | 3.00% | |
Limited PPT of 10 yrs or more - First 5 Policy Yr | After 5 Policy Yr | 3.00% |
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 Classic Endowment Plan, you have to add all of the following - Sum Assured on Maturity + Accrued Reversionary Bonus + Terminal 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 Classic Endowment Plan
Please contact the Kotak Life's office for exact details of the bonus which has accrued in your plan.
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