Kotak Life XL My Solution
Key Advantages
Limited Premium Payment pay only for 10 Years or 15 Years
4 Increasing Payouts every 5 Years starting 15th Year
Guaranteed bonus 5 percent per annum of basic sum assured in first 5 policy years
Insurance covered for 30 Years
Customise Protection through a wide range of Riders
Tax benefit on premiums paid under section 80C and benefit received under section 10 10D
Illustration
Age 35 Years
Policy Term 30 Years
Premium Term 10 Years
Premium Amount 60 thousand
Total Investment 6 Lakh
Tax Benefit unders Sec 80 at 30 percent 1 Lakh 80 thousand
Effective Investment 4 Lakh 20 thousand
Maturity Amount at 8 percent Calculation 18 Lakh 40 thousand