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Kotak Life Premier Pension Plan - Bonus Rates Calculate Maturity Value
Kotak Life Premier Pension Plan - Bonus Rates Calculate  Maturity Value
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Bonus rates for Kotak Life Premier Pension Plan

The table below shows the Bonus rates declared for Kotak Life Premier Pension Plan from inception. You can use this to calculate the Kotak Life Premier Pension 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 Premier Pension Plan ( UIN - 107N094V01)

Year Premium Payment Term Bonus Rate
2018-19 Regular and Limited Pay First 5 policy years : GA5 of 5%
Single Pay GA5 of 2%
2018 - 2012 - Bonus not applicable in the first 5 years, Guaranteed additions as % Sum Assured
accrues during this period: Regular/Limited PPT: 5% p.a., Single PPT: 2% p.a.
2011- 2008 - Bonus not applicable in the first 5 years, Guaranteed additions as % Sum Assured
accrues during this period: Regular/Limited PPT: 5% p.a., Single PPT: 2% p.a.
2007 - Bonus not applicable in the first 5 years, Guaranteed additions as % Sum Assured
accrues during this period: Regular/Limited PPT: 5% p.a., Single PPT: 2% p.a.

 

Reversionary Bonus for Kotak Life Premier Pension Plan ( UIN - 107N094V02)

Year Premium Payment Term Bonus Rate
2018-19 Regular and Limited Pay First 5 policy years : GA5 of 5%
Single Pay GA5 of 2%
2018 - 2012 - Bonus not applicable in the first 5 years, Guaranteed additions as % Sum Assured
accrues during this period: Regular/Limited PPT: 5% p.a., Single PPT: 2% p.a.
2011- 2008 - Bonus not applicable in the first 5 years, Guaranteed additions as % Sum Assured
accrues during this period: Regular/Limited PPT: 5% p.a., Single PPT: 2% p.a.
2007 - Bonus not applicable in the first 5 years, Guaranteed additions as % Sum Assured
accrues during this period: Regular/Limited PPT: 5% p.a., Single PPT: 2% p.a.
 

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

So to get to the Maturity benefit of Kotak Life Premier Pension Plan, you have to add all of the following - Assured Benefit (105% of the Total Premiums paid - excluding taxes and rider premium, if any) + Accrued Guaranteed Additions - A fixed percentage of Basic Sum Assured in the first 5 policy years + Accrued Reversionary Bonuses + Terminal Bonus (if any)
 

Maturity Benefit

So to get to the Maturity benefit of Kotak Life Premier Pension Plan, you have to add all of the following - Basic Sum Assured + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + 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 Premier Pension 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 Premier Pension Plan Review

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