India's 1st IRDAI Approved Insurance Web Aggregator
Kotak Life Surakshit Jeevan Plan - Bonus Rates Calculate Maturity Value
Kotak Life Surakshit Jeevan Plan - Bonus Rates Calculate  Maturity Value
1443 VIEWS

Bonus rates for Kotak Surakshit Jeevan Plan

The table below shows the Bonus rates declared for Kotak Life Surakshit Plan from inception. You can use this to calculate the Kotak Life Surakshit 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 Surakshit Jeevan Plan ( UIN - 107N042V01)

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.
 

Year Bonus Rate
2019-20 3% for each policy year for policies completing atleast 10 policy years.


Special terminal bonus

For conventional plans for the next financial year (FY2019-20) : applicable to only in-force premium paying policyholders that mature in FY2019-20.

Year Bonus Rate
2019-20 1.5% for each policy year



Maturity Benefit

So to get to the Maturity benefit of Kotak Life Surakshit Jeevan Plan, you have to add all of the following - Basic Sum AssuredSimple Revirsionary Bonus + Terminal Bonus (if any) + Special 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 Surakshit Jeevan 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 Surakshit Jeevan Plan Review

Leave a Comment

Important: Insurance is the subject matter of solicitation | © 2009-2021 MyInsuranceClub.com