Bonus rates for Kotak Smart Life PlanThe table below shows the Bonus rates declared for Kotak Smart Life Plan from inception. You can use this to calculate the Kotak Smart Life 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 Smart Life Plan ( UIN - 107N102V01)
|Year||Premium Payment Term||Bonus Rate|
|2018-19||Limited Pay of 6 years||3.25%|
|Limited Pay of 8 years||3.15%|
|Limited Pay of 10 years||3.05%|
|Limited Pay of 12 years||3.00%|
|Limited Pay of 15 years||2.95%|
|Cash Bonus^ on Paid-Up Additions||2.85%|
|2018||Limited Pay of 6 years||3.40%|
|Limited Pay of 8 years||3.30%|
|Limited Pay of 10 years||3.20%|
|Limited Pay of 12 years||3.15%|
|Limited Pay of 10 years||3.25%|
|Limited PPT of 12 years||3.50%|
|Cash Bonus^ on Paid-Up Additions||2.95%|
^Cash bonus declared on paid up additions is calculated as a percentage of accrued paid up additions.
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.
So to get to the Maturity benefit of Kotak Smart Life Plan, there are two options. On survival till the end of the policy term and all due premiums are paid, the following Maturity Benefit will be payable and policy will get terminated.
- Under Cash Bonus Payout option :
- Under Paid-Up Addition option :
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 Premier Income PlanPlease contact the Kotak Life's office for exact details of the bonus which has accrued in your plan.