Kotak e-Term Plan
Kotak e-Term Plan provides a high level of protection to your loved ones in your absence.
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.
Kotak E-Invest
Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs.
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.
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!
With so many investment
possibilities accessible, accumulating assets to guarantee your child’s future may appear to be a daunting task. A ULIP plan (Unit Linked Insurance Plan) outperforms other investments when it comes to saving for financial goals. It is a policy that provides both investment and life insurance, ensuring that your children can pursue their aspirations even if you are not around. ULIPs plan can assist you in building a corpus for your child’s education, allowing them to pursue their goals. The waiver of premium option is available on ULIP-based
kid plans to offer financial security in the case of the policyholder’s untimely death.
Many ULIP investment products take into account parents’ financial ambitions. It is critical to conduct an analysis of the top-performing ULIP funds to guarantee that you select the best plan. Using a ULIP calculator, you may compare child insurance plan and determine if it is a good catch for you or not.
A ULIP plan is a type of financial instrument that combines investments and life insurance into one package. When you buy ULIP, you must pay premiums on a monthly basis. A portion of the premium is used to provide life insurance coverage, while the rest is invested in funds that are either equity-oriented, debt-oriented or a combination of the two. Policyholders can decide how much and where to invest based on an appraisal of their financial commitments and risk portfolio.
It is best to begin your ULIP plan early in order to maximise your profits. This policy gives you the freedom to choose between funds as and when your financial needs change during your life. Whole life ULIP plans are also available, which are popular for their long-term benefits because the insurance remains active for the remainder of the policyholder’s life.
To avoid unpleasant surprises in the future, conduct the appropriate research, compare policies, analyse long- and short-term financial goals, and evaluate aspects such as ULIP plan prices to ensure that you acquire the best ULIP plan.
When it comes to saving for your child’s future, you’ll want to make sure you get the best child insurance plans in India. There is a common misperception that the best child life insurance plan is expensive and that it requires a large investment to be effective. However, you do not need to invest a significant sum to maximize your ULIP plan profits; instead, you should begin investing early. Furthermore, having tax-free ULIP returns is another perk that allows you to save more and gain more from your ULIP policy.
ULIPs are the finest child insurance plans in India for your child’s future because of several unique features:
In the event of the policyholder’s death, the sum promised is paid to the specified beneficiary, while the insurance company pays the due premium for the remaining policy term.
ULIPs allow you to diversify your portfolio and maximize your capital appreciation to help your child build a bright future. Furthermore, the ability to swap between funds ensures that you are invested in the best-performing ULIPs. The feature of auto fund rebalancing ensures that your assets are unaffected by market movements by specifying your investing preferences.
As ULIP plans are specifically created to assist in achieving long-term financial goals, they can assist you in creating a bright and productive future for your child without causing you any stress or financial pressure in the future.
If you want to help your child pursue their passion but don’t have enough money, the ULIP savings plan allows you to make a partial withdrawal based on the policy’s terms.
A child life insurance plan is a straightforward traditional investment plan with coverage tailored to a child’s needs. It can be used to protect the life of a parent or even a child, as long as the insurance is tailored to the child’s bright future.
Ref. No. KLI/22-23/E-BB/492
