It is said that “Investing is like planting a tree.” This means that the best time to invest is always today. Many people choose to procrastinate when it comes to investing, but this is often because they do not understand how investments work. Kotak e-Invest is a ULIP plan providing a real and profitable sum assured.
Under this plan, you can invest your money in various equity and debt instruments. So, if you are looking for an investment option that provides good returns with minimum risk, then Kotak e-Invest could be the right choice for you. In the section below, we will discuss how you get a profitable sum assured when you invest in Kotak e-Invest.
Let’s get started.
About Kotak e-Invest Plan
Kotak e-Invest Plan is a unit-linked insurance plan (ULIP) provides you with a real and profitable sum assured. This makes it an excellent choice for long-term investments. The Kotak e-Invest Plan also offers you a unique online premium payment facility.
So, if you are looking for an investment plan with these features, then Kotak e-Invest Plan is the right choice for you. This plan can help meet all your needs, whether it’s investment or protection.
The Major Benefits of Kotak e-Invest Plan
- Offers flexibility to choose between two investment strategies
- Life cover charges reduced upto 25- 200% would add on to your funds
- 100% Premium Allocation
- Offers additional protection via optional riders
- High liquidity through partial withdrawal option
- Tax benefits under Sec 80C and 10(10D) of the Income Tax Act
The Main Plans Under Kotak e-Invest
There are three main plans under the Kotak e-Invest that can provide you real and profitable sum assured:
The Maximiser is the first plan designed for those willing to invest in high-risk investment options with a long-term investment horizon. This plan has a maximum lock-in period of 10 years and offers you social security benefit riders at an additional cost. When you invest your money in this plan, you are assured to get at least the sum assured on your maturity.
2. Retire Rich
Retire rich is another plan covering you for up to 99 years of age. This plan gives you an additional option to avail a retirement income after the policy anniversary anytime in the form of Systematic Withdrawal. You can only choose to get the retirement income after you cross 60 years of age.
Besides this, you will benefit from getting the sum assured on critical illness if you are diagnosed with any of the covered diseases. The Kotak e-Invest is a ULIP plan that ensures a real and profitable sum.
3. Rising Star
The rising star is an excellent plan for those individuals who have children aged between 3 to 10 years. This plan allows the policyholder to save for their child’s future and get a life cover simultaneously. Under this plan, the policyholder can avail of a death and maturity benefits. The death benefit is paid out to the beneficiary in case of the policyholder’s untimely demise. The maturity benefit, on the other hand, is paid out at the end of the policy term.
The Bottom Line
Kotak e-Invest is a ULIP plan providing a real and profitable sum assured. It offers good value for money with its features like high cover and the option to choose from multiple fund options. Therefore, if you’re looking for a good ULIP plan, Kotak e-Invest is definitely worth considering.