Buy a Life Insurance Plan in a few clicks
A plan that works like a term plan, and Earns like ULIP Plan
Insurance and Investment in one plan.
Thank you
Our representative will get in touch with you at the earliest.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Kotak e-Invest
Features
Ref. No. KLI/22-23/E-BB/492
ULIP in 3 years has shown some promising progress. ULIP's 3-year growth has the potential to generate better returns than any other financial investment scheme due to its equity edge.
Unit-linked insurance plan is a unique financial product that offers both life insurance and investment opportunities in a single product. The premium paid for ULIP is split into two parts: one covers your life insurance, and the other goes into different fund options like equity, debt and balanced.
For individuals who desire to invest for a longer length of time, ULIPs are more favourable. The earnings on ULIPs are quite appealing to those who are saving for their children’s further education, a payment on a property, generating capital investment for their company plan, or retirement. In addition, ULIPs provide financial security for the future and make it easier to accumulate money and assets.
ULIP in 3 years have shown some promising progress, and we’ll tell you all about it in this article.
Each ULIP has a mandatory 5-year term, during which you must invest for at least five years. This instils the habit of saving regularly and assures that you, as an investor, are in it for the long term rather than simply for the short term. This technique also allows you to profit from power of compounding, which has risen in the previous three years. The interest received on principle is re-invested each year to produce extra revenue. You might expect large wealth creation if you stay invested for 10 to 15 years. Given their cost-effective structure, some of the finest ULIPs have provided 12 to 15% returns on average over the previous five years.
ULIP 3-year growth has the potential to generate better returns than any other financial investment scheme due to its equity edge. The premiums you pay are invested in various asset types through different funds in ULIPs. Tax-saving funds have historically generated double-digit returns, but you’ll have to look for a new fund every year if you’re just investing once. ULIP renewals swiftly take care of tax saving benefits.
The amount you receive at maturity is determined by the stock market’s performance throughout the term. On the other hand, endowment plans are set up to pay out a lump sum after a specified length of time. Even though such restrictions protect capital, earnings do not beat inflation.
Life is full of unexpected events. However, not everyone has ample liquid assets, and disposing long-term assets impact the market portfolio, to say nothing of the tax and other fees. Therefore, when it pertains to partial withdrawals from collected funds after the lock-in period, ULIP is a lifesaver, as demonstrated by ULIP in 3 years of growth.
The previous few years have been difficult but having your money in order makes dealing with unfavorable financial conditions simpler. In this instance, ULIP in 3 years has proven their value and become one of the most valuable financial tools that help you beat inflation and take advantage of compounding.
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Kotak e-Invest
Features
Ref. No. KLI/22-23/E-BB/521
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
