Mumbai, India, April 02, 2010 --(PR.com
)-- Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) has launched three new ULIPs – Kotak Super Advantage, Kotak Guaranteed Pension Builder and Kotak Platinum Edge.
Kotak Super Advantage:
Kotak Super Advantage is a smart investment plan that addresses the financial needs of investors while building long-term savings for their future.
Kotak Super Advantage Plan invests 100% of premiums from second year onwards and provides guaranteed returns of up to 280% of the first year premium on maturity. Further enhancing the return is addition of 3% of average Fund Value of the last three policy years on maturity. A choice of well-defined fund options provides the flexibility to maximize long-term savings as per the risk appetite of the investor.
Kotak Guaranteed Pension Builder:
Kotak Guaranteed Pension Builder is a tailor-made retirement plan that enables systematic savings for retirement. The plan offers Capital Guarantee, a feature that allows equity exposure while minimizing the associated risk as the total premium paid by the investor is guaranteed at maturity.
Kotak Guaranteed Pension Builder plan offers safety of Pension Guarantee Fund, a fund that invests in equity or debt depending upon the market condition and delivers consistent returns. Limited period payment option in this plan allows convenient payment periods of 3 and 5 years with longer policy terms.
Kotak Platinum Edge:
Kotak Platinum Edge is a power-packed plan that enables investors to customize the plan as per their requirements.
Kotak Platinum Edge plan allows the investor to choose the level of protection they require. Limited premium payment option and a choice of nine funds allow the desired flexibility and convenience. In addition to this, high allocation coupled with low charge structure result in highly efficient savings.
About Kotak Mahindra Old Mutual Life Insurance -
Kotak Mahindra Old Mutual Life Insurance is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual plc; The Company combines its international strengths and local advantages to offer its customers a wide range of innovative life insurance products, helping them takes important financial decisions at every stage in life and stay financially independent. The company is one of the fastest growing insurance companies in India and has shown remarkable growth since its inception in 2000. Kotak Life Insurance employs around 6, 213people in its various businesses and has 214 branches across 152 cities.
The Kotak Mahindra Group -
The Kotak Mahindra group is one of India’s leading banking and financial services organizations, with offerings across personal financial services; commercial banking; corporate and investment banking and markets; stock broking; asset management and life insurance. The Kotak Group has a net worth of Rs. 7,509 cr and has a distribution network through branches, franchisees, representative offices and satellite offices across cities and towns in India and offices in London, New York, San Francisco, Singapore, Dubai and Mauritius, servicing around 6.7 million customer accounts.
Old Mutual plc -
Old Mutual plc is an international savings and wealth management company based in the UK. Originating in South Africa in 1845, Old Mutual is a Global 500 and FTSE 100 company, listed in UK, South Africa and other 3 African exchanges. The group has a balanced portfolio of businesses offering Asset Management, Life Assurance, Banking and General Insurance Services in over 40 countries, with a focus on South Africa, Europe and the United States, and a growing presence in Asia Pacific.
* Numbers as on 31st December 2009