Kotak Life

Buy a Life Insurance Plan in a few clicks


Now you can buy life insurance plan online.

Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

Kotak Health Shield

Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

7 Important Things to Remember While Investing in a Savings Investment Plan

7 Important Things to Remember While Investing in a Savings Investment Plan
  • 20th Jun 2019 |
  • 4,356

In order to achieve your short-term and long-term goals, it is important to invest in a savings plan. You can choose from various schemes and instruments available in India. However, it is important to carry out thorough market research and understand the features of the plan before making a decision.

Factors to keep in mind while selecting a savings investment plan

You need to keep certain factors in mind when investing in the best savings plan. Let us look at these crucial factors.

Your goals

First and foremost, you need to set long-term and short-term financial goals. It will bring in a lot of clarity and will help you choose the right investment plan. Your goals will help you decide on the plan you need to buy. The process might sound tedious now but it will pay at a later stage.

The balance between risk and reward

When you choose an investment product, you need to invest very carefully and maintain a balance between the risk and reward associated with the same. Consider your risk appetite when you choose a plan.


Your savings plan should have adequate liquidity to satisfy your needs. You need to ensure that the plan provides funds to you in times of an emergency. Consider your liquidity requirement before you choose a plan.

Understand the tax deduction offered

When you make a savings investment, consider the tax benefit offered by the investment product. Various investment products such as life insurance and health insurance offer a tax benefit. Investing in such products will not only reduce your tax amount but will also protect you in case of a medical emergency.

Look out for the diversity aspect

Your money-saving plan should not be restricted to one investment product. You will have to diversify the investment you make to reduce the risk associated with the same. Consider all the investment options, which serve your purpose and diversify the investment.

Performance of the plan

It is important to review your portfolio at least once in a year in order to make necessary changes as and when required. Once you make an investment, you should not simply forget about the same. Review the portfolio regularly and then take necessary action to maximize your profits.

Terms and conditions

This is a very important thing to remember when you buy a plan. Ask all the necessary questions before choosing a plan. Investment plans are complex as there are various terms and conditions attached to them. Hence, buy a plan only when you are well aware of what it is offering. Clear all the doubts about the plan before you put your money in it.

Making an investment requires market research and an understanding of different plans. In order to make the right investment decision, you need to consider your financial goals and then look at the available alternatives for you. Making the right investment will help your wealth grow over a period of time.

Invest in savings plan today and improve all your tomorrows!

Read Here for More Related Articles:

Kotak e-Term Plan


  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492


Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

Why Buy Term Insurance Plan With a High Cover?

Protection for your family

What Should You opt for - Limited or Premium Pay?

Which Death Type Does Your Term Plan Not Cover?

Insuring yourself against Ill Health with a Critical Illness Rider

5 Reasons to Buy Term Insurance When You are in Your 30s

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

4 Reasons Why You Need Critical Illness Cover

How Much Term Insurance Do I Need

4 Things To Expect From Your Term Insurance Plan in India

Why Should You Add a Rider to a Term Insurance Plan?

What Is a Renewable Term Insurance Policy?

Term Insurance Basics You Should Know

9 Most Frequently Asked Questions on Term Insurance

Can Term Insurance Plans Be Purchased As A Gift?

While Buying Term Insurance Compare Features, Not Just Premiums

How Much Cover Should I Take In A Term Plan?

Why Should You Buy Term Insurance in 2022?

How to Surrender Term Life Insurance When you have No Liabilities

Why does every working woman need life insurance?

Is Term Life Insurance Plan an Investment or Expense?

How Does Term Life Insurance Work? Learn the Benefits

Is Group Term Life Insurance Provided By Employer Sufficient?

Can I Make Changes to My Term Insurance Policy Post Purchase?

Why is it important to buy term insurance plan?

Make Your Online Term Plan Your Familys Monthly Payout

Ensure Protection Against Death, Disease & Disability With Life Insurance

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

Advantages & Disadvantages of Term Insurance in India

All you need to Know about Term Insurance Plans for Housewives

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

What are the Documents Required for Term Insurance Plan?

Why Premium Amount for Term Insurance is So Low?

Why Should You Not Take A Term Plan Without Medical Test in India?

How to Identify Term Insurance According to Your Needs?

What is Critical Illness Policy

Reasons You Need Term Insurance Plan as a Self-Employed Person

Does Your Term Insurance Plan Cover Death Due to COVID-19?

8 Benefits of Term Insurance You Should Know

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

4 Methods to Calculate How Much Term Insurance You Need

Term Insurance: Smokers vs Non-Smokers

How to Ensure That Your Term Insurance Claims Are Never Rejected?

Why Term Insurance Is Important in times of COVID-19?

Busting Myths and Facts About Term Insurance Policies

Steps on How to Buy Term Insurance Online

Term Plans are Definitely Cheaper than You Think!

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

Buying A Term Insurance Plan? Take These Factors into Account

Term Insurance With Riders In India

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

What Types of Deaths Are Covered in a Term Insurance Plan?

What is Insurance Premium - A Detailed Guide

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

How Much Term Life Insurance Cover Do I Need in India?

What is a short term insurance policy?

Know How to Invest at Every Age for Larger Returns

Why 1 Cr Term Plan Is Necessary For Family?

Advantages of Buying Term Insurance in Your 50s

Is Life Insurance Investment Worthy Enough

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

What Should Be The Duration Of Your Term Plan in India?

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

Is a Term Insurance Policy Portable?

Term Insurance Age Limit – Term Plan for All Age Groups

Tax Benefits of Term Insurance in India

What are incremental term insurance plans?

6 Reasons That Make Term Insurance a Must Buy

Planning For Son or Daughter's Wedding

Can I Extend the Tenure of My Term Insurance Plan?

Should Youngsters, Working Couples Buy Term Insurance Plans?

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

6 Types of Death not covered in Term Insurance Plan

Is term Insurance Needed for People With No Dependents?

Comparing Term Plans – What Should You Look Out For

Difference between Term Insurance and Life Insurance

Why Married People Should Buy Term Insurance Under MWP Act?

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

How to Buy 1 Crore Life Insurance Policy Without Medical Test

What is Term Insurance - A Complete Guide

Can You Increase Your Term Insurance Cover?

Endowment Plans vs Term Plans: Understanding the difference

How To Calculate The Amount Of Term Life Insurance You Need?

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Can Senior Citizens Avail Term Insurance?

Insurance Policy for Housewife In India

Choosing Riders for Insurance Plans

What Happens if you Hide Facts in your Term Insurance?

How Does A Term Life Insurance Work in India?

Do I Need to Give a Medical Test for Term Insurance in India?

Why Term Plan Should Be The First Step To Securing Your Future?

Best Investment Plans for Children - Secure Your Child's Future

Term Insurance Plans and Policies for Smokers

Is There Any Tax Benefit on Term Insurance?

Tips to Choose the Right Term Period for Term Insurance Plan

Everything About Claim Settlement Ratio for Term Insurance

Is ₹1 Crore Term Insurance Good Enough Cover?

Term Life Insurance Plan for Smokers vs Non-Smokers

How Not To Get Your Term Insurance Claim Rejected

8 Things To Do After Buying Term Insurance

How to Compare Term Insurance Online

Why Buy Term Insurance Even at Rising Rates?

9 Ways to Help Family Members in Financial Trouble

Insuring Against Accidents with an Accidental Death Insurance Rider

How To Choose the Right Term Insurance Plan?

Make Your Online Term Plan Your Family's Monthly Pay Cheque

Term Insurance – Why You Must Include In Your Financial Planning?

5 Things To Consider While Buying Term Insurance Plan

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Can I Get Term Insurance on Behalf of My Spouse?

Increasing Term Insurance and Riders

Can I Buy Term Insurance for a COVID-19 Patient?

Individual Life Insurance vs. Group Term Life Insurance

5 Benefits of Early Retirement Planning

Different Types of Premium in Term Insurance

Insuring Protection Against Death With Death Insurance Rider

Different Types of Protection Plans

Why Term Insurance Is Better Than ULIP?

Planning For Children's Future

Should You Buy a Term Plan After 40?

Importance of Term Insurance at Every Stage of Your Life

8 Factors to consider before choosing a Critical Illness Insurance

How To Change The Nominee in Term Insurance?

Is It Good To Buy A Term Insurance Plan In 2022?

10-Year Term Life Insurance Policy - Explained in Detail

All About Term Insurance Inbuilt Coverage

Insuring Against Disability With Disability Insurance Rider

Why should single women purchase term life insurance?

Gift Your Father A Term Insurance Plan This Father's Day

How To Choose the Right Sum Assured Under a Term Plan?

Top 3 Reasons Why You Should Buy A Term Plan Now

Can A Housewife Buy a Term Insurance Plan - All You Need to Know

Term Insurance Calculator - Everythng You Need To Know

Does Term Insurance Cover Accidental Death?

What Are the Best Term Insurance Plans for Planning Retirement?

Do You Need Term Insurance Cover After Retirement?

Why Should New Parents Buy Term Life Insurance?

Eligibility Criteria for Buying Term Insurance in India

Cost of Term Insurance Likely to Increase Soon

Term Insurance with Critical Illness

Should You Have Multiple Term Life Insurance Policies?

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Online vs Offline Term Insurance: Which Is The Better Option To Buy

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

Term Insurance: What Happens When You Don’t Pay Your Premiums?

Term Plan with Spouse Cover

Calculating Term Insurance Premium

Understanding Term Insurance Riders

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Do Beneficiaries Pay Taxes on Term Insurance?

5 Term Insurance Benefits for Single Women

What Are Insurance Riders and How to Choose Them in a Term Plan?

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

What Is the Correct Age to Buy Term Insurance?

What All Documents Required For Term Insurance In India?