Kotak Life Insurance Single Invest Plan

“IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.”
Overview
Life has the ability to surprise you pleasantly with financial windfall and surplus. As an individual, who is aware of his responsibilities and aspirations, it is now up to you to make the best use of it. What you need to do is choose an investment avenue that delivers as per your requirements.
 Why an ideal plan
Keeping this in mind Kotak Life Insurance brings to you Kotak Single Invest, a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term. With well-defined fund options and switching facility this plan ensures that your investments work for you and not vice versa.
 Advantages
  • Easy one-time payment
  • Choice of funds
  • High allocation of premium
  • Ease of switching between funds
 Key Features
Easy One Time Payment
A single payment of premium ensures benefits for the entire policy term, without worrying about any future payment obligations.
Choice of Funds
Kotak Single Invest offers you 7 well-defined fund options to match your risk profile and investment objectives.
High Allocation of Premium
In case of Kotak Single Invest, the allocation of your money can be as high as 99%*. A higher allocation of your money translates into higher potential of returns.
Convenience of Switches
Kotak Single Invest offers 12 free switches in a policy year. These switches allow you to manage your investments as per the market dynamics and thus procure better returns on your investments.
Benefit of Life Cover
Kotak Single Invest offers you life cover for the benefit of your beneficiaries. The death benefit in this plan is:
  • During the first policy year: Higher of Fund Value or Basic Sum Assured
  • Second policy year onwards: Higher of Fund value or 22% of the Basic Sum Assured
Partial Withdrawals for easy liquidity
You can access your investments by way of partial withdrawals after first three policy years and if the life insured has completed 18 years of age, subject to applicable charges.
Tax Benefits
Avail tax benefits under Section 80C and Section 10 (10D) of Income Tax Act, 1961. Tax benefits are subject to change in the tax laws. You are advised to consult your Tax Advisor for details.
*For a Single Premium of Rs. 5,00,000 and above.

 

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