New Kotak Products Ksap & Hs

The given statement suggests that the name of the Kotak Smart Advantage Plan has been changed to Kotak Super Advantage Plan. This implies that the plan has undergone a rebranding or a name change, possibly to better reflect its features, benefits, or positioning in the market.

The FMC in new KSAP is 1.35%.

The terms available with the new KSAP are 10, 15, 20, 25, and 30. This can be determined by comparing the given options with the list of terms provided. The first option includes the numbers 3 and 5, which are not present in the given list. The second option is missing the number 10. The third option includes all the numbers in the given list. The fourth option is missing the number 25. Therefore, the correct answer is 10, 15, 20, 25, and 30.

The correct answer is "Min. 5*A.P. & Max. term*A.P." This means that the minimum Sum Assured (S.A.) available with the new KSAP is 5 times the Annual Premium (A.P.), while the maximum S.A. is the term (duration of the policy) multiplied by the Annual Premium. This indicates that the S.A. can vary depending on the premium amount and the duration of the policy.

The answer "No LPPT available" suggests that there are no LPPTs (Low Power Passive Tags) available with KSAP (the entity or organization being referred to in the question). This means that KSAP does not have any LPPTs in its inventory or does not utilize them in its operations.

The allocation charges in the new KSAP are based on the premium amount. For premiums below Rs. 36000/-, the allocation charge is 2%. For premiums above Rs. 50000/-, the allocation charge is 5%. However, for premiums between Rs. 36000/- and Rs. 50000/-, the allocation charge is nil, meaning there are no charges applied.

The surrender charges for the new KSAP are 4% for the 4th year, 2% for the 5th year, and no surrender charge starting from the 6th year onwards. This means that if the policyholder decides to surrender the policy within the first three years, they will be charged 4% of the policy value. In the 4th year, the surrender charge decreases to 2% and from the 5th year onwards, there is no surrender charge.

The correct answer is 3% at the time of Maturity. This means that when the Headstart plan reaches its maturity date, the policyholder will receive a loyalty benefit of 3% of the plan's value. This benefit is a form of reward or bonus for staying invested in the plan until the end. It is important to note that this loyalty benefit is only applicable at the time of maturity and not at any other point during the plan's tenure.

The minimum and maximum sum assured (S.A.) available with Headstart is 5 times and term* AP respectively. This means that the minimum amount of coverage a person can get is 5 times their annual premium, while the maximum amount of coverage is determined by multiplying the term of the policy by the annual premium.

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The available term with the Headstart is 10, 15, 20, and 25.

The correct answer is Future Protect & Assure Wealth. These are the two variations available with Headstart.

The surrender charges after three policy years in the Headstart Plan are as follows: 4th year - 10%, 5th year - 5%, and 6th year - Nil. This means that if the policyholder decides to surrender the policy in the 4th year, they will be charged 10% of the policy value. If they surrender in the 5th year, the charge will be 5% of the policy value. However, if they surrender in the 6th year or later, there will be no surrender charges.

The death benefit in the new KSAP is calculated as either the sum assured (S.A.) or the fund value (F.V.), whichever is higher, plus the final additional bonus (FAB). This means that the policyholder's beneficiaries will receive either the predetermined sum assured or the current value of the policy, whichever is greater, along with the final additional bonus.

The new name for our Unit Linked Children Plan is Headstart Plan.

The commission payout in Headstart in case of LPP is as follows: 1st place receives a commission of 10%, 2nd and 3rd place receive a commission of 3%, and 4th to 10th place receive a commission of 1%.

The correct answer is 15%, 25%, 30%. This indicates that the commission payout in KSAP is divided into three tiers: 15% for some transactions, 25% for others, and 30% for a specific set of transactions. This suggests that the commission rates vary depending on the type or value of the transaction.

The correct answer is 0.25% for premium

The DAB (Death and Accident Benefit) in the new KSAP (Keyman Savings Assurance Plan) is calculated as 3% of the average Fund Value over the last three years. This means that the benefit amount will be determined by taking the average value of the fund over the past three years and multiplying it by 3%. This ensures that the DAB is proportional to the performance of the fund and provides an appropriate level of coverage for any potential death or accident-related expenses.

The LPPT available with Headstart is for 3 and 5 years.