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In Unit Linked Insurance Policies, the investment risk is borne by the policyholder. These insurance products do not offer any liquidity in the first 5 years, as they have a mandatory lock-in period of 5 years. During this period, the policyholder cannot fully or partially withdraw the invested amount or surrender the policy.
Kotak Ace Investment Plan
Kotak Ace Investment is a unit linked insurance plan plan which has been designed with the objective of wealth creation in addition to providing a life insurance cover. The life cover ensures the well-being of the family at a time when the life insured is not alive to personally take care of them. The plan offers 7 investment fund options, each of which invests in equities, debt and money markets in different proportions to suit the risk appetite of different investors. This plan also offers a choice of 3 investment strategies along with convenient payment options ensuring efficient wealth creation.
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Kotak Life Investment Plans
- Kotak Ace Investment Plan
Kotak Ace Investment – Key Features
- 7 Investment Funds:The plan offers a choice of 7 funds for investment purposes. These funds invest in equities, debt and money markets in different proportions and therefore have a unique risk-return profile – secure, conservative, moderate and aggressive.
- Classic Opportunities Fund
- Frontline Equity Fund
- Balanced Fund
- Dynamic Bond Fund
- Dynamic Floating Rate Fund
- Dynamic Gilt Fund
- Money Market Fund
- 3 Investment Strategies:The plan gives a choice of 3 investment strategies to build a substantial corpus. These strategies help get the best returns by determining the investment horizon.
- Self Managed Strategy: This strategy allows the policyholder to manage investments on his/ her own
- Age Based Strategy: This strategy is suitable for those who do not have the time or the financial expertise to manage their investments. In this strategy, the investment allocation is skewed towards equities in early stages of life and subsequently shifts to debt in the later stages. The underlying principle is that risk appetite of a person is higher when he/ she is young and that it diminishes with age. Allocation is based on the risk appetite of the policyholder – aggressive, moderate and conservative, and funds are invested between Classic Opportunities Fund and Dynamic Bond Fund.
- Systematic Switching Strategy (SSS): This strategy allows one to avail the benefit of investment in equities in a systematic manner. In this strategy, some or all the funds are invested in the Money Market Fund and a pre-defined amount is automatically transferred at the beginning of every month into Classic Opportunities Fund or Frontline Equity Fund based on the selection made.
- Choice of Policy Term: The plan offers 5 term options to suit the needs of the policyholder – 10, 15, 20, 25 and 30 years
- Convenient Premium Payment Options: Insurance premium can either be paid for the duration of the policy term under the Regular Pay option or for a short period under the Limited Pay option
- Multiple Premium Payment Modes: Insurance premium can be paid in one of 4 available frequencies, namely, annual, semi-annual, quarterly or monthly. However, quarterly and monthly mode of premium payment is not available under the Systematic Switching Strategy.
- Top-Up Premiums: The investment contribution can be increased by paying top-up premium when surplus money is available
- Additional Protection:The protection under the base plan can be increased by opting for optional riders by paying nominal additional premiums.
- Kotak Accidental Death Benefit Rider (Linked): In the event of the death of the life insured due to an accident, the rider pays the Rider Sum Assured in addition to the Death Benefit
- Kotak Permanent Disability Benefit Rider (Linked): In the event of total and permanent disability of the life insured as a result of an accident, the rider pays the Rider Sum Assured and the base policy continues
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Kotak Ace Investment – Benefits
- 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
Kotak Ace Investment – Product Specifications
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Minimum |
Maximum |
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Entry Age (last birthday) |
0 years |
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Maturity Age (last birthday) |
18 years |
75 years |
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Policy Term |
10, 15, 20, 25 and 30 years |
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Basic Sum Assured |
Regular/ Limited Pay |
Age of Life Insured |
Minimum |
Maximum |
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Regular Pay |
Less than 45 years |
Higher of:
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25 times AP |
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Regular Pay |
45 years |
Higher of:
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25 times AP |
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Regular Pay |
46-54 years |
Higher of:
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15 times AP |
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Regular Pay |
55-60 years |
Higher of:
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10 times AP |
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Regular Pay |
61 years and above |
7 times AP |
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Limited Pay |
Less than 45 years |
Higher of:
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15 times AP |
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Limited Pay |
45 years |
Higher of:
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15 times AP |
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Limited Pay |
46-54 years |
Higher of:
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15 times AP (except for a 5 year PPT, where it is 7 times AP) |
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Limited Pay |
55-60 years |
Higher of:
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10 times AP (except for a 5 year PPT, where it is 7 times AP) |
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AP refers to one Annualised Premium |
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Premium Payment Term |
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Premium Payment Mode |
Annual, Semi-annual, Quarterly and Monthly |
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Premium Amount |
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No limit |
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Top-Up Premium Amount |
Rs. 10,000 |
The total Top-Up premium paid cannot exceed the sum of all the regular premiums paid at that point of time |
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Top-Up Sum Assured |
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Kotak Ace Investment – Policy Details
Grace Period:
The insurance company provides a grace period from the due date for payment of unpaid insurance premiums. This period is 30 days for annual, semi-annual and quarterly modes and 15 days for the monthly mode.
Notice Period:
If the insurance premium is not paid within the grace period, the insurance company sends a notice to the policyholder in the next 15 days to either revive the policy within 2 years, terminate the policy without any risk cover or convert the policy into paid-up with reduced paid-up Basic Sum Assured. The notice period ends 30 days after the receipt of notice by the policyholder.
Documents Required
The policyholder has to fill up an ‘Application form ’with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof and medical examination.
You may also like to read: Kotak Life ULIP Plans
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Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ