Bonus rates for Kotak Life Sukhi Jeevan PlanThe table below shows the Bonus rates declared for Kotak Life Sukhi Jeevan Plan from inception. You can use this to calculate the Kotak Life Sukhi Jeevan 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 Sukhi Jeevan Plan ( UIN -107N036V01)
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.
|2019-20||1.5% for each policy year for policies completing atleast 10 policy years.|
So to get to the Survival value of Kotak Life Sukhi Jeevan Plan, you have to add all of the following - Basic Sum Assured + Vested Simple Reversionary Bonuses + 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 Life Sukhi Jeevan PlanPlease contact the Kotak Life's office for exact details of the bonus which has accrued in your plan.