Finance, Multiple Intelligence, Personality, and Health

Kotak Magical Solution

You earn and work hard to accomplish your dreams and aspirations at every stage of life. In this journey, you will come across some unexpected financial commitments as well as planned ones like marriage; child education, etc. During your golden years of retirement when income earning capacity reduces, it becomes even more difficult to fulfill these dreams and aspirations.
What if you have a support that will not only help you in fulfilling your dreams but will also take care of your near and dear ones in case you are not around …
The value of your hard-earned money is best understood by you. The most important thing is to ensure that the money is put in the right use for it to provide benefits to you and your family in the long run.
To support you in this journey, we recommend the “KotakLife Magical Plan”, a limited pay participating endowment plan which will provide you the option either to receive Cash bonus payouts every year right from the end of 1st policy year onwards to take care of interim financial requirements or utilize such Cash bonuses for accumulating and creating a corpus to fulfill bigger goals and plan for a stress-free life.

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KotakLife’s Magical Solution – This solution is recommended as it is a good endowment plan available in India. It is a participatory plan which means you get a share in the bonus and have long-term benefits with guaranteed and tax-free returns. One of its kind it has tax benefits as well. In this, you get two plans, i.e. Kotak Premier Money Back Plan and Kotak Premier Income Plan which means it is a combination of two plans which helps you to get 2 maturity benefits, one in the 23rd year and 2nd in the 24th year.

Other Important factors or as we can call the Insurance Language:
Entry Age of Life Insured (as on last birthday) Minimum:18 years; Maximum: 50 years
Policy Term: Up to 75 years of age.
Basic Sum Assured: Beginning of Policy (BOP) =11Lac+ from Day1, End of Policy (EOP) = 26Lac+.
Premium Levels-10 Pay : Rs. 1Lac; 15 Pay : Rs. 1Lac.
Premium Payment Term: 10 years.
Premium Payment Mode: Yearly, Half-yearly.
Returns happen in the 6th year of 1Lac, 12th year of 1Lac, 13th to 22nd year of 60%, 18th year of 160%, 23rd prematurity-approx. 9lac, 24th-full maturity 11lac.
You get a life guardian benefit rider with this plan in which if in case of proposer dies within the premium payment term, the entire future premium will be paid off and benefit will keep on coming to life insured. There are other riders as well that you could avail but have their own underwritings which need to be followed.
Tax savings under 80C as per the customer’s taxation slab.
ALL RETURNS ARE GUARANTEED AND TAX-FREE.

LIVE EXAMPLES OF THE PLAN

For the NRI Sector or Non-Resident Indians (NRIs), People of Indian Origin (PIOs) 
Q. Can NRI buy life insurance in India?
Yes; Non-Resident Indians (NRIs), People of Indian Origin (PIOs) can buy a life insurance plan in India. Foreign Exchange Management Act (FEMA) allows NRIs to buy any plan that meets their requirements of protecting themselves and their family whether he is currently residing in India or not.
No matter how far you go, home is always where the heart is. That’s often the case with many NRIs who have left a piece of themselves behind in India. India is one of the world’s largest recipient of international remittances. This clearly indicates that most NRIs are still deeply connected to their roots.
Moreover, it’s an opportune time to invest in India – we have a strong and stable majority government, a lot of foreign investment is flowing into the country and the world has its eyes set on the Indian market due to its immense scope for growth.
Q. What are the required documents?
Apart from normal KYC documents, we need
👉Passport
👉Work Permit/Valid Visa
👉Latest immigration Stamp- Last India Entry and Exit in the passport
👉Foreign Address proof
👉Income proof life Salary Slips or Bank statement.

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To get a customized plan and understand which is the best plan for you feel free to write to us in the comment section or click here to fill the contact form or simply email us at info@brainxasea.com.

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