Kotak Safe Investment Plan II is a unit linked plan that combines

the benefits of insurance and capital market returns into one. This
plan from the stable of Kotak Life Insurance is a true reflection of the
company's essence: innovation that will benefit the investor.

Kotak What makes investing in Kotak Safe Investment Plan II truly unique is
that you enjoy a Guaranteed Maturity Value on your investment, with

Safe Investment Plan II varying degrees of equity exposure depending on your risk appetite.
So, if the market value of your units is higher, you reap the benefits,
with the peace of mind that whilst in a bear market your investment is
under-pinned and safe by the Guaranteed Maturity Value. And
there's more, the returns are totally tax-free*.
Please note that in this policy, the investment risk in the investment
portfolio is to be borne by the policyholder. However, Kotak Life
Insurance offers you a Guaranteed Maturity Value on this plan to
safeguard against the downside risk of falling markets.

Why should you invest in Kotak Safe Investment Plan II?

Kotak Safe Investment Plan II is an ideal investment option:

• If you have never invested in the equity markets, for the
fear of loss of capital. With Kotak Safe investment Plan II,
you need not worry about losing your capital as you have
the downside risk protected by way of the Guaranteed
Maturity Value.
• If you have been an investor in debt markets, you could switch
a portion of your funds to equity markets via Kotak
Safe Investment Plan II. The plan offers you the potential to
earn higher returns with the safety net of a Guaranteed
Maturity Value.
• If you are an aggressive investor in equities, you could protect the
downside risk in a bear market by investing a portion of your
funds in the Kotak Safe Investment Plan II. What you are
essentially doing is that while you enjoy equity returns, your
money is protected from abysmal lows and market vagaries by
way of a Guaranteed Maturity Value.

Stock market gains with Key Features

your investment protected.
Fund Options
The capital markets offer a spectrum of investment options. Similarly
Kotak Safe Investment Plan II has an entire range of fund options: For
the risk averse we have the Guaranteed Gilt Fund and for aggressive
investors, we offer the Guaranteed Growth Fund. With the expertise
of Kotak backing your investments, we ensure that your risk profile
and investment objectives are suitably matched.
 Fund Cash & In the event of unfortunate death, your beneficiary would get the
Equity Risk - Objective
Debt Money
Options
Market
Return Profile sum assured (less any withdrawals made during the 2 years
Aims for a high level of capital growth by immediately preceding death) or market value of units in the Main
-
Guaranteed
holding a significant portion in equities. Account whichever is higher. Plus, if you have invested any top-up
40% - 80% 20% - 60% 0%-20% Aggressive May experience high levels of shorter
Growth
term volatility (downside risk). premiums, then you would get back the market value of units in the
Aims for moderate growth by holding a
Supplementary Account. After attaining the age of 60, all the partial
diversified mix of equities and fixed
interest instruments.
withdrawals made after the age of 58, will be deducted from the
Guaranteed
Balanced
30%-60% 20% - 70% 0%-20% Moderate May also be susceptible to moderate Death Benefit.
levels of shorter-term volatility (downside
risk). Where the life insured is a minor, the Death Benefit during the first 5
Guaranteed Returns will be in line with those of fixed years of the policy term or below the age of 18, will only be the
Bond interest instruments, and may provide
0%-100% 0%-20% little protection against unexpected
greater of all premiums paid (excluding rider premiums) and the
Guaranteed
Floating Rate Conservative inflation increases. value of the units.
Will preserve capital and minimize
Guaranteed
80% -100% 0%-20%
downside risk, with investment in debt Top-up premium
Gilt and government instruments.

Will protect capital and not have

Guaranteed
Money Market ^ 100% Secure downside risk (due to shifts in interest
rates).
^Money can be parked in the Money Market Fund only in the last policy year.
Guaranteed Maturity Value
Most investors who stay away from equity do so not because they do
not want to earn higher equity linked returns but because they fear
loss of capital. To protect their money from capital losses they invest
in low return debt instruments. We, at Kotak Life Insurance, having
understood this concern of our investors have developed a unique
proposition of a Guaranteed Maturity Value, underpinning your
investment in equity.
This unique position arises from the fact that the plan offers an option
to invest up to 80% in equity via the Guaranteed Growth Fund. On
reaching maturity, the Company would pay out the Guaranteed
Maturity Value or the market value of units, whichever is higher.
Which means that when the markets are in a bull phase, you will
enjoy the market linked returns delivered on your portfolio. However,
in a bear market, your investment is still safe as you are sure of getting
the Guaranteed Maturity Value. In a nutshell, “Bulls You Win and
Bears You Win”. The Guaranteed Maturity Value applies where all
premiums have been paid up-to-date at maturity and will be reduce
where partial withdrawals from the Main Account have been made.
On maturity, you can withdraw the entire maturity proceeds and the
policy would terminate. If the need is not immediate, you can just let
the amount multiply or withdraw up to 50% of the proceeds. You
can also elect to draw-down on the maturity proceeds for up to five
years after maturity.
Death Benefit
Life is uncertain and you would not want to take a chance when it
comes to your loved ones. Depending on your existing life cover and
the need you have, this plan allows you to choose your life cover -
the sum assured on death:
• High Cover: Policy Term x Annual Premium.
• Low Cover: Greater of (5 x Annual Premium, 0.5 x Policy Term x
Annual Premium).
Besides regular premiums, whenever you have excess money, you
can invest it by way of top-up premiums, without any commitment
to bring them again in the coming year (subject to a maximum of
25% of the cumulative premiums paid till that date).
You can invest your surplus money across a combination of our
Dynamic Funds and units bought from this amount will be held in
separate Supplementary Accounts for each top-up. In the event of
maturity or death, you would receive the market value of these top-
up units.
Partial Withdrawals/ Surrender
Kotak Safe Investment Plan II allows you early exit options through
partial withdrawal of funds or complete surrender of the policy. With
this plan, you can your access top-up amount in the investment after
completion of the 3rd policy year, with no penalty charges from year 7
onwards (subject to retaining a minimum balance of one annualized
basic premium).
You may access your top-up Amount in the Supplementary
Account for funds without any charges. The top-up premiums
should complete a lock-in period of 3 years from the date of investing
the top-up amount before you can access the investment.
Withdrawals will be allowed only after the life insured attains the age
of 18. The Guaranteed Maturity Value will be reduced to factor in the
withdrawals made by you.
Limited Premium Payment
If you wish to pay off all premiums over a short period of time, instead
of the full term, we have the Limited Premium Payment option for
you. This option allows you to pay off your premiums over tenure
shorter than your policy term. Under this option, you can pay off your
premiums over 3, 5, 6, 7, 10 or 15 years.
Other Features
• In case you miss your premium payment, Automatic Cover
Maintenance facility will ensure that your insurance cover is in
force. This facility is available after 3 completed policy years.
• The facility to switch between funds has been provided to help
you maximize returns from the markets. What's more, proceeds
from switching between funds are tax-free*.
• You may pay your premiums annually, half-yearly, quarterly or
monthly (through direct debit only).
• You can choose from any of the following riders:
- Term / Preferred Term Benefit
- Accidental Death Benefit
- Permanent Disability Benefit
- Critical Illness Benefit
- Life Guardian Benefit
- Accidental Disability Guardian Benefit
Please refer to the rider brochure for details and exclusions.
Advantages
• Enjoy unlimited upside from capital markets with a downside
protection guarantee on your maturity value
• Flexibility in premium payment: Limited Premium Payment
option and Full Term payment option
• Tax free* switching across fund categories
• Increase contribution at will by way of top-up premium
• Easy exit options
*Tax Benefit
Section 80C, 10(10D) of the Income Tax Act,1961 would apply.
Premiums paid for Critical Illness Benefit qualify for a deduction
under Section 80D of the Income Tax Act,1961. You are advised to
consult your tax advisor for details.
Charges
Premium Allocation Charge
There is an initial advice and distribution charge related to policy issue
that is a percentage of the premium received. The net premium %
invested in year 1 is 86% and from year 2 onwards is 96.5%. For top-
up premiums, the allocation will be 97.5%.
Policy Administration Charge
To meet the administration and support infrastructure cost, there is
an administration charge recovered by liquidation of units. In the first
year, the administration charge would be 7% of the annual premium,
for premium up to Rs. 20,000. For portions of the premium over
Rs. 20,000, the charge would be 3%.
In subsequent years, for portions of premiums below and above
Rs. 20,000 the charge would be 4% and 2% respectively.
Fund Management Charge
The fund management charge is towards managing your moneys
efficiently, to earn you handsome returns and protect your downside
risk. Annual Fund Management charge, adjusted in NAV is:
• Guaranteed / Dynamic Money Market Fund - 0.6%
• Guaranteed / Dynamic Gilt Fund - 1.0%
• Guaranteed / Dynamic Bond Fund - 1.2%
• Guaranteed / Dynamic Floating Rate Fund -1.2%
• Guaranteed / Dynamic Balanced Fund - 1.3%
• Guaranteed / Dynamic Growth Fund - 1.5%
Surrender / Partial Withdrawal Charge

Eligibility There is no surrender allowed in the first 3 policy years. Thereafter the
charge is 3% in year 4, 2% in year 5, 1% in year 6 and 0% from year 7
Entry age for the life Min - 0 years, Max - 65 years onwards. No surrender charges apply to the Supplementary Account.
to be insured Two withdrawals a year are free (including after maturity). Thereafter
Term Min - 10 years, Max - 30 years Rs. 500 per withdrawal is charged.
Maturity Age Max - 75 years
Regular Premium Min - Rs.10,000 annually Switching Charge
Limited Premium Payment Min - Rs. 50000 annually
The first four switches in a year are free. Rs 500 will be charged for
Limited Premium Payment Term 3 pay for 10 year policy term
5, 6, 7 pay for 10 to 15 years policy term every additional switch.
10 & 15 pay for policy term of Mortality Charge
15 years and above
Top-up premiums / Partial Min - Rs. 10,000 This is the cost of life cover and will be levied by cancellation of units
Withdrawals on a monthly basis.
Miscellaneous Charges
Other Terms
The charges for alteration in policy contract (such as change in sum
Loans : No loan facility assured, change in policy term, change in premium mode, etc.) are
Rs. 500/-. For premium redirection a fee of Rs. 100/- will be charged.
Lapses : Where the premiums for the first three Policy Years are not
paid within the grace period, the policy together with the rider Please note, in the event of experience being worse than expected,
benefits, shall lapse from the due date of unpaid premiums. A lapsed the Company reserves its right to impose charges not beyond the
policy can be revived within 2 years of the date of lapse by payment of level mentioned below:
arrears of premiums with interest and collection charges. • The Fund Management and Administration charges may be
Policy Revivals : The policy may be revived within 2 years from the increased in future but only if a change takes place for all the
date of the first unpaid premium by making payment of the arrears of participants in that Fund and on prior written notice to the
premiums with interest and collection charges. Any revivals after six policyholder.
months from the due date of unpaid premium will require production
of evidence of good health.
• The Annual Fund Management charges would not increase Dubai and Mauritius. The Group services over 1.6 million customer
beyond 40% of the initial level. accounts.
• The administration charge will not be increased by more than For our customers, this joint venture translates into a company, which
40% from the original level, for the first 10 years and 100% after combines international expertise in insurance, advice and fund
10 years. management with an understanding of the local market.
• The surrender charge on Supplementary Account may be General Exclusion:
increased to a maximum of up to 5% of the value of units after In case the life insured commits suicide during the first year of the
the third policy year.
plan, the beneficiary would receive the prevailing value of units in the
• The switching and withdrawal charges may be increased to a Main & Supplementary Account.
maximum of Rs. 1000.
Prohibition of rebates:
Risk Factors Section 41 of the Insurance Act, 1938 states:-
(1) No person shall allow or offer to allow, either directly or
• Unit Linked Life Insurance products are different from the indirectly, as an inducement to any person to take out or renew
traditional insurance products and are subject to the risk factors. or continue an insurance in respect of any kind of risk relating to
• The premium paid in Unit Linked Life Insurance policies are lives or property in India, any rebate of the whole or part of the
subject to investment risks associated with capital markets and commission payable or any rebate of the premium shown on the
the NAVs of the units may go up or down based on the policy, nor shall any person taking out or renewing or continuing
performance of fund and factors influencing the capital market a policy accept any rebate, except such rebate as may be allowed
and the insured is responsible for his/her decisions. in accordance with the published prospectuses or tables of
• Kotak Mahindra Old Mutual Life Insurance Ltd. is only the name the insurer.
of the Insurance Company and Kotak Safe Investment Plan II is (2) Any person making default in complying with the provision of
only the name of the unit linked life insurance contract and does this section shall be punishable with fine, which may extend to
not in any way indicate the quality of the contract, its future five hundred rupees.
prospects or returns. The various funds offered under this
contract are the names of the funds and do not in any
way indicate the quality of these plans, their future prospects
and returns.
• Please know the associated risks and the applicable charges, Contact details
from your Insurance agent or the Intermediary or policy Ahmedabad : 55315000-4 Gandhidham : 574903-04 Mumbai :
Aurangabad : 6610251-75 Guwahati : 2340672-75 - Head Office : 66635000
document of the insurer. Bangalore : Hyderabad : - Raghuvanshi : 66635353
- Residency Road : 56635000 - Begumpet : 23412929/39 - Churchgate : 66541000
- Rajaji Nagar : 56628000-5 - Secunderabad : 55205000 - Andheri : 66765000
About us Baroda : 5575000 Indore : 4027181-5 - Chembur : 67995000
Bharuch : 645247 Jaipur : 2371627-30 Nadiad : 5540311-13
Kotak Life Insurance is a joint venture between Old Mutual plc. and Bhavnagar : 6451056-58 Jamnagar : 5545000 Nagpur : 6618761-64
Kotak Mahindra. Bhopal : 4008800-05 Jodhpur : 2632901/2 Nashik : 6605000-4
Chandigarh : 5087000 Kanpur : 2331184-7 Palanpur : 261911-2
Old Mutual plc. is a London-listed Fortune 500 international Chennai : Karnal : 2268671/73 Pune : 66055000
- Ceebros Centre : 42101122 Kolhapur : 6685000 Rajkot : 5525000
financial services group focusing on asset gathering and asset - Teynapet : 42000100 Kolkata : Surat :
management. At 31 December 2005, Old Mutual had more than 7 Cochin : 2377611-14 - Chowringhee : 22881799 -Parle Point : 5589200-3
Coimbatore : 5502211 - Gariahat : 24617711 -Adajan : 5555550
million life assurance policies, 3.6 million banking customers and over Delhi : - Kakurgachi : 23648606-09 Thane : 67925000
550,000 general insurance policies. Its funds under management - Bhikaji Kama : 41595000 - Apeejay House : 22093000 Trichy : 4002010/55
exceeded $310 billion. The Group has a substantial presence in the - Pitampura : 45195000 Lucknow : 2625770/59 Valsad : 645822-23
- Ambadeep : 41795000 Ludhiana : 5089643-47 Vapi : 5545820-23
UK, US and South African markets. It further expanded its European - Gurgaon : 4025000-30
presence through the acquisition of Skandia in early 2006.
1

Established in 1984, the Kotak Mahindra group has long been one
of India's most reputed financial organizations. Kotak Mahindra
today is one of India's leading financial institutions, offering
complete financial solutions that encompass every sphere of life. The
group has a net worth of over Rs. 2,500 crore, employs around 6,700
people in its various businesses and has a distribution network of
branches, franchisees, representative offices and satellite offices
across 250 cities and towns in India and offices in New York, London,
* You are advised to consult your tax advisor for details.Form No: KSIP03. Kotak Mahindra Old
Mutual Life Insurance Ltd.Regn.No.: 107 Regd. Office: 6th Floor, Peninsula Chambers, Peninsula
Corporate Park, Ganpatrao Kadam Marg, Lower Parel (W), Mumbai 400 013.Website:
www.kotaklifeinsurance.com, Email : lifeexpert@kotak.comInsurance is the subject matter of the
solicitation. This is a non-participating plan. The product brochure gives only the salient features of
the plan. Please refer to the policy document for detail on all terms and conditions relating to the
Kotak Safe Investment Plan II