Kotak Life Ace Investment – Benefits-kotak-life-ace-investment-plan

Death Benefit: In the event of the demise of the life insured during the tenure of the policy, the Death Benefit is paid to the nominee. The Death Benefit is highest of the following: Basic Sum Assured minus applicable partial withdrawal amount from the Main Account (if any) Fund Value in the Main Account 105% of the insurance premiums paid up to the date of death The nominee also receives the highest of the following in respect to each Top-Up Premium paid (if any): Top-Up Sum Assured Fund Value of the Top-Up Account 105% of the Top-Up Premium paid The minimum Death Benefit is at least equal to 105% of the total premiums paid (including Top-Up Premiums, if any) up to the time of death. Maturity Benefit: The Maturity Benefit paid on policy maturity is the full Fund Value (including the Fund Value in the Top-Up Account, if any) as on that date Tax Benefits: Tax benefits can be availed under Section 80C and Section 10(10D) of the Income Tax Act, 1961