Corporate Worksites Version 1.10

About Us
Deep rooted commitment to your quality of life 1
For Internal Circulation Only
Kotak Life Insurance
A company that combines its international strengths and

local advantages to offer its customers a wide range of
innovative life insurance products, helping them in taking
important financial decisions at every stage in life and
create LONG TERM SAVINGS with FINANCIAL PROTECTION.
A joint venture between
KOTAK MAHINDRA
BANK
OLD MUTUAL PLC
74%
26%
Maximum Reach
Kotak Life Insurance has

presence in 152 cities
with 203 branches across
the country
* Figures updated on September 2011

KLI Highlight
2nd Life Insurance

company to break even
5
Journey so far
Leadership in the Indian Market- Awards Received

Platinum award in Best among Banking, APAC to Kotak Bank
Annual Report 2010-11 in the LACP Vision Awards, USA
Ranked #2 in India for companies with Best Corporate
Governance Practices in IR Global Rankings 2010
Ranked #1 in 17 categories including range of investment products /
advisory services by Euro money
Bronze award in the Best Local Trade Bank in India in the
category of Trade and Forfeiting Review Awards 2011
Gold award in Most Creative Report, APAC to Kotak Bank Annual
Report 2010-11 in the LACP Vision Awards, USA
Best Companies to work for 2010 & 2009 by Great places to

work Institute India
Hewitt Best Employers in India 2011 & 2009, Only Bank to be in

top 25
Leadership in the Indian Market- Awards Received

Best Private Bank by Finance Asia Country
The Ingenious 100 Award by IDG Indias CIO Magazine for
Storage Virtualization & Ingenious Technology Solutions
Lipper Fund Award 2011 for Kotak Bond Regular Best Fund
over 10 years Bond Indian Rupee
Best Debt Fund House of the year 2009 by Outlook Money
NDTV Profit Awards 2009 & 2010
Awarded Best Local Cash Management Bank by Asia
Money 2011 and 2010
Kotak Life Insurance - Key highlights
CLAIMS SETTLEMENT RECORD

Kotak Life Insurance is recognized as one of the best..
1. Over 4900 claims have been settled out of 5000 claims
received in 2010-2011
2. Over Rs. 105 Crores are paid as claim amount in 20102011
3. Over 95% claims paid in 7 days while around 99% paid
within 10 days.
4. Over 15,750 claims amounting Rs. 350 Crores have been
paid since inception.
Kotak Life Insurance - Key highlights
QUALITY CERTIFICATION
INDUSTRY
RECOGNITION
ISO 9001:2008 certification for Underwriting & Claims, Policy
Won the Prestigious Innovation in Sales Enablement 2011 at
Servicing, Customer Service, HR and Training among other
the Financial Insights Innovation Awards (FIIA)
departments
INDUSTRY RECOGNITION
Won the Prestigious Innovation in Sales Enablement 2011 at
the Financial Insights Innovation Awards (FIIA)
KOTAK GROUP - PERFORMANCE

Performance of the Group
Over Rs. 11,893 Crores*

Net worth of the group
12
* Figures updated on Sept 2011

Consolidated
Profit After Tax
Rs. 433 crores for Q2FY 2011 - 12

(Rs. 416 crores for Q1FY 2011 12)
13

Asset Under Management (Group) Rs.50,467 Crores *

14

Distribution Network
2107 Branches* across India
International offices in New York, London, San Francisco, Dubai,
Abu Dhabi, Bahrain, Mauritius, & Singapore

Over
9.2 MILLION
Customer Accounts *

About Old Mutual Plc
The Old Mutual Plc story

Started in South Africa in the year 1845, Old
The group business offerings are in Long
Mutual Plc is a Fortune Global 500 company
term Savings, Asset Management, Banking
with presence in over 33 Countries
and Short term Insurance services.
Headquartered in UK, it has its operations in South Africa, USA, Canada, Mexico,
Colombia, Spain, France, UK, Sweden, Norway, Germany, Poland, Italy, Switzerland,
Namibia, Botswana, Zimbabwe, Kenya, India and China
Old Mutual Plc is listed on the London,

Johannesburg, Malawi, Namibia & Zimbabwe
Stock Exchanges.
Operates with leading brands

1. Skandia in UK, Sweden and Australia
2. Old Mutual, Nedbank Group, Mutual &
Federal in South Africa
* Source: http://www.oldmutual.com/about/index.jsp
Planning for your Finances
Important Milestones in an individuals life
But you also have these to consider
Family's Financial Security
Emergencies
Your GATEWAY to your dreams
Inflation will only increase the cost..
Cost in 2011 Rs. 4,00,000*
Cost in 2011 Rs.7,00,000##
Cost in 2021 Rs.7,16,339
Cost in 2021 Rs.12,53,593
Cost in 2031 Rs.12,82,854
Cost in 2031 Rs.22,44,995

Inflation considered at 6% per annum
* Source: http://www.mbaindiacareer.com/mba-colleges/Amity-Business-School.htm
* Source: http://www.rediff.com/money/2006/nov/14wed.htm
What is Financial Planning?
Saving
MONEY REGULARLY
and for a
LONGER TERM
to make your dreams come true
23
Lets understand with an example
Meet Mr. Ranbir Kapoor
Ranbir(35) is married to Katrina(30) who is a housewife. Ranbir works in an MNC as a Senior

Manager and earns an Annual Income of ` 9,00,000. They are blessed with a daughter Deepika(4)
and son Siddharth (1). Apart from his monthly personal expenses of `10,000, Ranbir contributes
the entire amount towards household expenses every month.
Like every other person, I too have few needs & goals
Planning for Deepikas Education & Marriage
Planning for Siddharths Education
Planning for my own Retirement
and ensuring my Family is financially secured come what may
Human Life Value (HLV)

Calculating Insurance
Requirement
What is the Human Life Value?

Value
The Human Life value of the person is the net present

value of his potential future earning over the rest of his
life span. In other words, it is that amount which can
ensure that the standard of the family is not affected even
if the earning member is no more.
Human Life Value of Ranbir
Ranbirs current Age

Ranbir's yearly income Post tax (Tax Paid ` 96,820
calculated on the assumption that he will be investing `1,00,000
under 80 C)
Ranbirs Monthly income

Ranbirs Personal Monthly Expenditure
Net Monthly income given to family
Net Annual income given to the family
35 years
` 8,03,180
` 8,03,180/12= ` 66,932
` 10,000
` 66,932 - ` 10,000 = `
56,932
` 56,932 x 12= 6,83,184
In case of any unfortunate eventuality, Ranbirs family will need atleast ` 6,83,184
per annum.
Human Life value (assuming investment rate at 8%
`6,83,184 x100/8=
p.a.)
`85,39,800
To get ` 6,83,184 per annum, Ranbir will need to take a minimum Life cover of
atleast ` 85,39,800
Ranbirs Financial Goals
Goal
When the money will

be Required?
How much money will

be required?
Saving for Deepikas education when she will

turn 18 years
14 years
`5,00,000 in todays
Saving for Siddharths education when he will

turn 18 years
17 years
`15,00,000 in todays
Saving for Deepikas marriage when she will

turn 22 years
18 years
`5,00,000 in todays
Saving for his Retirement when he turns 60

years
25 years
SGFEX
value
value
value
29
Financial Planning for Childs Education
Education Plan of Child 1- Deepika Ranbir Kapoor

Dream: Fashion Designer in 2023
Current Age
4 year
Age when she will go to College

Years left for her to go to College (18 4)
Current cost of Graduation + Fashion Designing (NIFD 2 year prog.)
Inflation Rate For Educational Expenses
This money will be required when she will be 18
18 years
14
` 5,00,000
5.50%
`. 10,58,046
Amount Ranbir will need to SAVE to achieve this GOAL

Assumed Rate of Return
10%
Money to be saved every year
`34,383
Money to be saved every month
` 2,884
31
Importance of Financial Planning for Education

What is more important, Deepikas Education or Unnecessary
spending of ` 2,884 every month?
If Deepikas education is important, then start planning.
Post planning, effective implementation is extremely critical.
Golden Rules Of SAVING:
key Learning's
Effects
1, Start Saving Early
To get the benefit of Power of compounding
2, Save Regularly
With Low initial Investment Educational Planning can be

Achieved
3, Save for a longer period
By saving for a longer period, he may get much more than

`10,58,045.73
11/12/14
For Internal
Circulation Only
32
The power of Compounding
Rupesh
Current Age
Current Age
Amount save every year
Rakesh
25 years
25 years
Rs.10,000
Rs.10,000
Current Age
Current Age
25 years
25 years
Rs.15,000
Rs.15,000
Age when started to save

25 years
25 years

30 years
30 years
Duration of saving
Duration of saving
30 years
30 years
Duration of saving
Duration of saving
25 years
25 years
Total Amount invested

3,00,000
3,00,000

3,75,000
3,75,000
Interest earned
Interest earned
10% per annum

10% per annum
Interest earned
Interest earned
10% per annum

10% per annum
Corpus at the end of 30

years
years
Rs.18,09,434.25
Rs.18,09,434.25

years
years
Rs.16,22,726.48
Rs.16,22,726.48
Education Plan of Child 2- Siddharth Ranbir Kapoor

Dream: Engineering.
Current Age
Age when he will go to College
18
Years left for going to College (18-1)
17
Current cost of Graduation

Inflation Rate for Educational Expenses
This money will be required when he will be 18
` 15,00,000
5.50%
` 37,27,203

Rate of Return
10%
Money to be saved every year
` 83,571
Money to be saved every month
` 6,945
Importance of Financial Planning for Education

What is more important, Siddharths Education or Unnecessary
If Siddharths education is important, then start planning.
key Learning's
Effects
1, Start Saving Early
To get the benefit Power of compounding
2, Save Regularly
With Low initial Investment Education Planning can be Achieved
3, Save for longer period
By saving for a longer period, he may Get much more than

`37,27,203
11/12/14
For Internal
Circulation Only
Financial Planning for Childs Marriage
Marriage Planning of Child 1- Deepika Ranbir Kapoor

Year of Marriage - 2029
Current Age
Age at which she may marriage
22
Years left for Deepikas Marriage (22-4)
18
Current cost of Marriage

Inflation Rate in Marriage Expenses is
Money required after 18 years
` 5,00,000
5.50%
` 13,10,733

Expected Rate of Return
10%
I need to save every year
` 26,132
I need to save every month
` 2,164
Importance of Financial Planning for Marriage

What is more important, Deepikas Education or Unnecessary
If Deepikas education is important, then start planning.
key Learning's
Effects
1, Start saving Early
To get the benefit of Power of compounding
2, Save Regularly
With Low initial Investment Marriage Planning can be Achieved
3, Save for longer period
By saving for a longer tem, more money than what has been
targeted can be available
11/12/14
For Internal
Circulation Only
38
Retirement Planning
Spot the differences!
Previous Generation
Age 18 to 60
Age 60 - 67
Working 42 yrs Retirement 7 yrs
Todays Generation
Age 25 to 55
Age 55 - 75
Working 30 yrs
Retirement 20 yrs
Working & Retirement Span of an Average Individual
41
41
Why Retirement Planning?
1. Life expectancy is increasing

2. Average life expectancy in India is 78.
78
3. Medical Facilities are increasing at alarming costs
Fees
1998
2009
2020
Consulting physician
50
200
600
General practitioners
20
50
150
Specialists
NA
450
1200
How to do Retirement Planning?

Age of Ranbir Kapoor is 35. His present expenses are ` 3,00,000 per annum. He wants to retire
at 60. His Life expectancy is 80. can I help him to do the retirement Planning?
My income per year (`)
9,00,000
My current Age
35
Year Left for the retirement (60-35)
25
My present expenses per year (`)
3,00,000
My assumed inflation rate (%)
5%
At the age of 60 my expenses per annum will be
10,15,906
My life expectancy
80 years
Corpus required at Age 60 (Assumed rate of return @ 6%)
1,16,52,362
Years Left for Retirement
25
Amount that needs to be save every year to get 1,16,52,362 at the age of 60
I need to save monthly
1,07,711*
8,710
* Assumed rate of return pre-retirement is 10%

Please Think..
IS
ISTHE
THECOST
COSTOF
OFINDEPENDENCE
INDEPENDENCEMORE
MORETHAN
THAN``8,710/8,710/-PER
PER
MONTH
MONTHFOR
FORMR.
MR.KAPOOR?
KAPOOR?
11/12/14
For Internal
Circulation Only
SGFEX
44
Total Financial Planning of Ranbir Kapoor
Total amount Required for Mr. Ranbir Kapoor

1. Educational Expenses for Child 1 Deepika
` 10,58,046
2. Marriage Expenses for Child 1 Deepika
` 13,10,733
3. Educational Expenses for Child 2 Siddharth
` 37,27,203
4. Retirement Planning For Ranbir Kapoor
` 1,16,52,362
Total Money required
` 1,77,48,344
SGFEX
45
Benefits Of Planning
Key Learnings:
Start saving EARLY
Save REGULARLY
Save on a LONG TERM BASIS
11/12/14
For Internal
Circulation Only
SGFEX
46
The best way to achieve all your financial goals is
By starting early you can

Create a larger corpus by saving over a longer period
Beat inflation by gaining higher returns
Insurance plans with KOTAK LIFE INSURANCE
How can KOTAK LIFE INSURANCE help you?

Kotak Life Insurance (KLI) has wide variety of products that provide life insurance
cover and help you fulfill your goals
Kotak Assured Income Plan
UIN: 107N069V01
Just pay for 15 years and get
TAX FREE*
Assured Annual Income
for 20 years
TAX FREE*
Lumpsum payout
on Maturity
Risk cover
for
30 years
* Tax benefits are subject to change in the tax laws. You are advised to consult your Tax Advisor for details
Kotak Child Edu Plan
UIN:107N072V01
Pay for a limited period of time
Get Payouts in form of EDU BOOSTER at
Get LUMP SUM along with the last Edu
important milestones in your childs life
Booster at maturity
Superior protection with TRIPLE BENEFIT

200% of Sum Assured + Future Premiums
Waiver of Premiums on accidental
Waived off & the Policy continues + Edu
disability and policy continues with all the
Boosters paid as scheduled + Accrued Bonuses
benefits payable as scheduled
payable along with last Edu Booster at maturity
Kotak Money Back Plan
UIN: 107N003V01
PROTECTION
REWARDS
7% increase in Life Cover

every year at no additional
cost
Up to 40% Guaranteed
Additions* upon Maturity
BOOSTS
* Guaranteed Additions are a % of the Basic SA
Lumpsum Cash payouts

every 5 years
MORE REWARDS
TAX BENEFIT
Bonuses to enhance your

Maturity payout
Boosts & Rewards come to

you TAX FREE*
Tax benefits are subject to change in the tax laws. You are advised to consult your Tax Advisor for details
Guaranteed additions are subject to policy being in force
These Insurance products will help you achieve your financial goals
Now its time to

learn about
Tax Planning
Sources of Income
Heads of Income
Heads of Income
What does it include

What does it include
Income arising from an employer-employee relationship. Income
Income arising from an employer-employee relationship. Income
Income from Salaries
from individual pensions.
from individual pensions.
Income arising from letting out of residential premises.
Income arising from letting out of residential premises.
Income from House Property
on account of interest on housing loan for self
Income from House Property Deduction
Deduction on account of interest on housing loan for self
occupied property.
occupied property.
Profit arising from all business ventures.
Profits and Gains of
Profit arising from all business ventures.
Profits and Gains of
Business or Profession
Includes profits of professionals like CAs; lawyers, doctors etc.
Business or Profession
Includes profits of professionals like CAs; lawyers, doctors etc.
Income from Capital Gains
Income from Capital Gains
Income from Other Sources

Income from Other Sources
Gains made on sale of capital assets. Gains on sale of property,

Gains made on sale of capital assets. Gains on sale of property,
shares etc. are taxed under this head.
shares etc. are taxed under this head.
Income not falling under any of the above heads.
Income not falling under any of the above heads.
Interest on bank accounts, winnings from lottery etc. will fall
Interest on bank accounts, winnings from lottery etc. will fall
under this head. Income from family pension.
under this head. Income from family pension.
Computation of Total Income

Income from SALARIES
+
Income from HOUSE PROPERTY
+
Income from BUSINESS OR PROFESSION
+
Income from CAPITAL GAINS
+
Income from OTHER SOURCES
= GROSS TOTAL INCOME
TOTAL
INCOME
LESS: Deductions under Chapter VI - A

55
What is Exempt Income?

Exempt Incomes are generally incomes from few listed sources as
per the Income Tax Act, on which Tax is not levied.
Section 10 of the Income Tax Act covers Incomes which are exempt
from being chargeable to tax
56
Exempt incomes
Section 10 (1)
Section 10(2)
Section 10(2A)
Agricultural Income.
Receipts by a member from a HUF, either out of income
of the family or out of income of estate belonging to the
family
Share of profit from partnership firm
Section 10(10C)
Payment received at the time of Voluntary Retirement
Section 10(10D)
Any sum received on life Insurance policy (including

bonus)
Section 10(16)
Educational scholarships (not necessarily from govt.)
Section 10(34)
Dividends and income on Units of a mutual fund
Instruments eligible for tax deductions
Investment qualifying for Rebate / Deduction
Maximum Limit
Deductions u/s 80C ( The total deduction available under SEC 80C & 80CCC is `1,00,000/Provident Fund
` 1,00,000
Deposit in Public Provident Fund (For self ,spouse & children )
` 1,00,000
Life Insurance Premium (For self ,spouse & children )
` 1,00,000
Unit Linked Insurance Premium (For self ,spouse & children )
` 1,00,000
National Savings Certificate (Self Only)
`1,00,000
Accrued Interest on NSC (Self Only)
` 1,00,000
Equity Linked Savings Scheme (ELSS)
` 1,00,000
Maximum Limit
Deduction U/s. 80 CCF

`20,000
Loan Term Infrastructure Bond

Deductions u/s 24
Pre EMI Interest should be considered only if property is fully
constructed & in 5 equal installments
Housing Loan Interest before 01-04-1999
Housing Loan Interest after 01-04-1999
No Maximum Limit
`30,000
`1,50,000
Maximum Limit
Deduction u/s 80
Deduction U/s.80D - Mediclaim Insurance premium
`15000
Deduction U/s. 80DDB - Medical treatment, for Specified diseases etc.
`40000
Deduction U/s. 80DD - Medical treatment and rehabilitation of

handicapped dependents
`50000
Deduction U/s. 80U - Physical Disability
`50000
Deduction U/s. 80E - Interest on Educational Ioan
Entire Amount of Interest
Tax Slabs
There are different Tax Slabs for Individuals as well as Corporate
Within individuals they are divided in to
Male
Female
Senior citizens
For corporates
Tax slab depends on income
61
Tax Rates for F.Y. 2011-12 (A.Y.2012-13)
Income Tax Slab for Assesses other than Women and Senior Citizens
Up to Rs.1,80,000
NIL
Rs.1,80,001 Rs.5,00,000
10%
Rs.5,00,001 Rs.8,00,000
20%
Rs.8,00,001 and above
30%
Education Cess @ 3% would be charged on Income Tax

62
Income Tax Slab for Women
Up to Rs.1,90,000
NIL
Rs.1,90,001 Rs.5,00,000
10%
Rs.5,00,001 Rs.8,00,000
20%
30%

63
Income Tax Slab for Senior Citizens
Up to Rs.2,50,000
NIL
Rs.2,50,001 Rs.5,00,000
10%
Rs.5,00,001 Rs.8,00,000
20%
30%

64
Income Tax Slab for VERY Senior Citizens (Above 80 years of age)
Up to Rs.5,00,000
NIL
Rs.5,00,001 Rs.8,00,000
20%
30%

65
Income Tax Slab for Firm/Companies
Particulars
Income < 1,00,00,000
Income > 1,00,00,000
Firm
30%
30%
Domestic Company
30%
30%
Surcharge of 5% applicable for Domestic Companies with Income more than 1 Cr

66
How to calculate tax?

Let us take an example for each category
67
ur
p
a
tK
i
rs.
m
a
A
e
2y
3
:
Age
I am Amit Kapur.
I am 32.
I work with a BPO
As a operations
Manager.
My annual
Taxable income is 12
Lakhs per annum.
I Want to know what
Will be my tax
Liability for This
financial year."
68
Solution for Amit
Male, Age - 32 Years, Total Income Rs.12,00,000

Income Slab (Rs.)
Income Slab (Rs.)
Tax Slab
Tax Slab
Calculation
Calculation
Up to 1,80,000
Up to 1,80,000
NIL
NIL
1,80,000*0%
1,80,000*0%
1,80,001 - 5,00,000
1,80,001 - 5,00,000
10%
10%
3,20,000*10%
3,20,000*10%
32,000
32,000
5,00,001 - 8,00,000
5,00,001 - 8,00,000
20%
20%
3,00,000*20%
3,00,000*20%
60,000
60,000
8,00,001 and above

8,00,001 and above
30%
30%
4,00,000*30%
4,00,000*30%
1,20,000
1,20,000
Total
Total
Cess @ 3%
Cess @ 3%
Total Tax Payable
Total Tax Payable
Tax (Rs.)
Tax (Rs.)
2,12,000
2,12,000
2,12,000*3%
2,12,000*3%
6360
6360
2,18,360
2,18,360
va
a
t
s
riva s.
h
S
ar
na
e
p
y
a
S
30
:
e
Ag
I am Sapna
Shrivastava.
I am 30.
I work with an ad
agency as a client
servicing manager.
My annual Taxable
Income is 6 Lakhs per
annum.
I want to
know what will be
my tax liability for
this financial year."
70
Solution for Sapna
Female, Age - 30 Years, Total Income Rs.6,00,000
Income Slab (Rs.)

Income Slab (Rs.)
Tax Slab
Tax Slab
Calculation
Calculation
Tax (Rs.)
Tax (Rs.)
Up to 1,90,000
Up to 1,90,000
NIL
NIL
1,90,000*0%
1,90,000*0%
NIL
NIL
1,90,001 - 5,00,000
1,90,001 - 5,00,000
10%
10%
3,10,000*10%
3,10,000*10%
31,000
31,000
5,00,001 - 8,00,000
5,00,001 - 8,00,000
20%
20%
1,00,000*20%
1,00,000*20%
20,000
20,000
8,00,001 and above

8,00,001 and above
30%
30%
N.A.
N.A.
N.A.
N.A.
Total
Total
Cess @ 3%
Cess @ 3%
Total Tax Payable
Total Tax Payable
51,000
51,000
51,000*3%
51,000*3%
1,530
1,530
52,530
52,530
I am Krishna Menon.
I am 67.
I am retired banker.
My annual Taxable
income is 4 Lakhs per
annum.
I want to know what
will be my tax
liability for this
financial year.
on
n
e
M
a
.
n
s
h
r
s
a
i
r
ye
K
7
6
:
Age
72
Solution for Krishna
Male, Age - 67 Years, Total Income Rs.4,00,000
Income Slab (Rs.)

Income Slab (Rs.)
Tax Slab
Tax Slab
Calculation
Calculation
Tax (Rs.)
Tax (Rs.)
Up to 2,50,000
Up to 2,50,000
NIL
NIL
2,50,000*0%
2,50,000*0%
NIL
NIL
2,50,001 - 5,00,000
2,50,001 - 5,00,000
10%
10%
1,50,000*10%
1,50,000*10%
15,000
15,000
5,00,001 - 8,00,000
5,00,001 - 8,00,000
20%
20%
N.A.
N.A.
NIL
NIL
8,00,001 and above

8,00,001 and above
30%
30%
N.A.
N.A.
NIL.
NIL.
Total
Total
Cess @ 3%
Cess @ 3%
Total Tax Payable
Total Tax Payable
15,000
15,000
15,000*3%
15,000*3%
450
450
15,450
15,450
Any Questions???
Disclaimers
Kotak Assured Income Plan UIN 107N069V01 Form No. N069, Kotak Child Edu Plan UIN
107N072V01 Form No. N072, Kotak Money Back Plan UIN 107N003V01 Form No. N003, Ref.
No KLI/11-12/E-PPT/171
Kotak Mahindra Old Mutual Life Insurance Ltd. Regn. No.:107, Regd. Office: 4th Floor,
Vinay Bhavya Complex,159 A, CST Road, Kalina, Santacruz East, Mumbai: 400 098.
Website: http://insurance.kotak.com Email: lifeexpert@kotak.com Toll Free No. 1800 209
8800
Insurance is the subject matter of the solicitation. Kotak Term Plan is a non-unit linked
non-participating plan. Kotak Preferred Term Plan is a non-unit linked non-participating
plan. Kotak Capital Multiplier Plan is a non-unit linked participating endowment plan.
Kotak Endowment Plan is non-unit linked participating endowment plan. Kotak Assured
Income Plan is a non-unit linked non-participating anticipated endowment plan. Kotak
Child Edu Plan is a non-unit linked participating anticipated endowment child benefit
assurance plan. Kotak Money Back Plan is a non-unit linked participating plan. Kotak
Platinum Plan is a Unit Linked non-participating endowment plan. Kotak Ace Investment
Plan is a unit linked nonparticipating endowment plan. Kotak Single Invest Advantage is a
unit linked non-participating single premium plan. This presentation is not a brochure and
only gives the salient features of the plans. For more details on risk factors, terms and
conditions please read the sales brochure carefully before concluding a sale. For details
on riders, please refer to Individual Rider Brochure.
Thank you
KLI
76

It includes any payment or benefit received by an employee from the employer,
such as :
Wages, annuity, pension, gratuity, commission etc.
Perquisites, profits in lieu of or in addition to salary
Advance salary
Arrears of salary
Leave encashment etc.
Salary is taxable on due or receipt basis, whichever is earlier, however if it is

not taxed on one occasion, it can be taxed on the other occasion.
Bonus is taxable on actual receipt basis.
77
Income from capital gains

Capital gain is the profit or gain arising on Transfer of Capital Assets.
Capital asset is the property of any kind, whether movable or immovable,
tangible or intangible ; except the following :
Stock in trade or consumables held for the purpose of business or

profession
Personal effects of the assessee (other than jewellery, archaeological

collections, paintings, sculptures etc.)
Agricultural land in rural area, in India
Certain Gold bonds
78
INCOME FROM CAPITAL GAINS

CAPITAL
CAPITAL ASSET
ASSET
Short
Short Term
Term Capital
Capital
Asset
Asset
Long
Long Term
Term Capital
Capital
Asset
Asset
An
An Asset
Asset held
held by
by an
an
assessee
assessee for
for not
not more
more
than
than 36
36 months,
months,
immediately
immediately prior
prior to
to its
its
date
date of
of transfer.
transfer.
An
An Asset
Asset is
is held
held by
by
the
the assessee
assessee for
for
more
more than
than 36
36
months
months
79
Exceptional cases of Short Term Capital Asset

In the following cases, if an asset is held by the Assessee for not
more than 12 months, it will be treated as Short Term Capital Asset
Equity or preference shares in a company
Securities like Debentures, Govt. securities
Units of UTI
Units of mutual fund specified u/s 10(23D)
Zero Coupon Bonds
Except 2 above, all other may be quoted or not on a recognized
stock exchange.
80
Calculation of Capital Gain

Full Value of
Consideration
Expenses on Transfer
Cost / Indexed Cost of

Acquisition
Cost / Indexed cost of

Improvement
Short / Long Term

Capital Gain
Tax on Long Term Capital Gain
Covered u/s 115AB, 115AC, 115AD, 115E
10%
In case of listed shares/Securities/Units, if the

benefit of indexation is not taken
10%
In case of Equity shares and units of equity

oriented mutual funds, provided covered under the
securities transaction tax
(Fully exempt u/s 10(38)
All other Long Term Capital Gain
Nil
20%
82
Tax on Short Term Capital Gain
Tax on Short Term Capital Gain can be divided in to two
InIncase
caseofofEquity
Equityshares
sharesand
and
units
unitsofofequity
equityoriented
orientedmutual
mutual
Others
OthersAs
Asper
perProgressive
ProgressiveSlab
Slab
funds,
funds,provided
providedcovered
coveredunder
under
Rates
Rates
securities
securitiestransaction
transactiontax
tax15%
15%
InIncase
the short term
Land
caseofofcompulsory
compulsoryacquisition
acquisitionofofUrban
UrbanAgricultural
AgriculturalLand,
Land,
Land the short term
or
orlong
longterm
termcapital
capitalgain
gainwill
willbe
befully
fullyexempt
exempt
83
INCOME FROM OTHER SOURCES

This is the residuary section and all incomes, which do not come
under any of the heads discussed earlier, will be taxed under this
heads. For e.g..
Dividends
Winning from lotteries, cross word puzzles, races, card games etc.
Interest on securities
Let out of machinery, plant, furniture etc.
Sub letting of house property, vacant plot of land etc.
Any sum exceeding Rs. 50000 received without consideration (gift)
Income from Royalty & Income from undisclosed source of income
84
INCOME FROM OTHER SOURCES

Interest on Indira/ Kisan Vikas Patra
Interest on Bank Deposits
Directors fees Agricultural incomes received from outside India
Remuneration received from a person other than the employer
Insurance Commission
Casual incomes
85

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About Us

Deep rooted commitment to your quality of life 1

For Internal Circulation Only

Kotak Life Insurance

A company that combines its international strengths and

For Internal Circulation Only

A joint venture between

OLD MUTUAL PLC

For Internal Circulation Only

Kotak Life Insurance has

* Figures updated on September 2011

2nd Life Insurance

For Internal Circulation Only

Leadership in the Indian Market- Awards Received

Best Companies to work for 2010 & 2009 by Great places to

For Internal Circulation Only

Hewitt Best Employers in India 2011 & 2009, Only Bank to be in

Leadership in the Indian Market- Awards Received

For Internal Circulation Only

Kotak Life Insurance - Key highlights

CLAIMS SETTLEMENT RECORD

For Internal Circulation Only

Kotak Life Insurance - Key highlights

For Internal Circulation Only

KOTAK GROUP - PERFORMANCE

Performance of the Group

Over Rs. 11,893 Crores*

* Figures updated on Sept 2011

Performance of the Group

Rs. 433 crores for Q2FY 2011 - 12

* Figures updated on Sept 2011

Performance of the Group

Asset Under Management (Group) Rs.50,467 Crores *

* Figures updated on Sept 2011

* Figures updated on Sept 2011

Performance of the Group

* Figures updated on Sept 2011

About Old Mutual Plc

For Internal Circulation Only

The Old Mutual Plc story

The group business offerings are in Long

Mutual Plc is a Fortune Global 500 company

term Savings, Asset Management, Banking

with presence in over 33 Countries

and Short term Insurance services.

Old Mutual Plc is listed on the London,

For Internal Circulation Only

Operates with leading brands

Planning for your Finances

For Internal Circulation Only

Important Milestones in an individuals life

But you also have these to consider

For Internal Circulation Only

Family's Financial Security

Your GATEWAY to your dreams

For Internal Circulation Only

Inflation will only increase the cost..

Cost in 2011 Rs. 4,00,000*

Cost in 2011 Rs.7,00,000##

Cost in 2021 Rs.7,16,339

Cost in 2021 Rs.12,53,593

Cost in 2031 Rs.12,82,854