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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kapil-sharma
  • 4.8++ Rated
  • 10.5 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 5.3 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/month & Get ₹1 Crore# Tax-Free*
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10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold

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 

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

 

Minimum

Maximum

Entry Age (last birthday)

0 years

  • Regular Pay: 65 years
  • Limited Pay: 60 years

Maturity Age (last birthday)

18 years

75 years

Policy Term

10, 15, 20, 25 and 30 years

Basic Sum Assured

Regular/ Limited Pay

Age of Life Insured

Minimum

Maximum

Regular Pay

Less than 45 years

Higher of:

  • 10 times AP
  • 0.5 x Policy Term x AP

25 times AP

Regular Pay

45 years

Higher of:

  • 7 times AP
  • 0.25 x Policy Term x AP

25 times AP

Regular Pay

46-54 years

Higher of:

  • 7 times AP
  • 0.25 x Policy Term x AP

15 times AP

Regular Pay

55-60 years

Higher of:

  • 7 times AP
  • 0.25 x Policy Term x AP

10 times AP

Regular Pay

61 years and above

7 times AP

Limited Pay

Less than 45 years

Higher of:

  • 10 times AP
  • 0.5 x Policy Term x AP

15 times AP

Limited Pay

45 years

Higher of:

  • 7 times AP
  • 0.25 x Policy Term x AP

15 times AP

Limited Pay

46-54 years

Higher of:

  • 7 times AP
  • 0.25 x Policy Term x AP

15 times AP (except for a 5 year PPT, where it is 7 times AP)

Limited Pay

55-60 years

Higher of:

  • 7 times AP
  • 0.25 x Policy Term x AP

10 times AP (except for a 5 year PPT, where it is 7 times AP)

AP refers to one Annualised Premium

Premium Payment Term

  • Regular: Equal to the policy term
  • Limited:
    • 5 years for a 10 year policy term
    • 10 years for a 15/ 20/ 25/ 30 year policy term

Premium Payment Mode

Annual, Semi-annual, Quarterly and Monthly

Premium Amount

  • Regular Pay:
    • Annual: Rs. 30,000
    • Semi-annual: Rs. 18,000
    • Quarterly: Rs. 9,000
    • Monthly: Rs. 3,000
  • Limited Pay:
    • Annual: Rs. 50,000
    • Semi-annual: Rs. 30,000
    • Quarterly: Rs. 15,000
    • Monthly: Rs. 5,000

No limit

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

Top-Up Sum Assured

  • If age at the point of Top-Up is less than 45 years (last birthday):
    1.25 x Top-Up Premium
  • If age at the point of Top-Up is 45 years or above (last birthday):
    1.10 x Top-Up Premium

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


˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
*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

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Kotak Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.
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