
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 Assured + Simple 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