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!
A ‘Non-resident Indian’ is an individual of Indian origin who is not a resident of India. The NRI status is attained by a person who has resided in India for less than 182 days in the preceding financial year. NRIs have a golden opportunity to create wealth by investing in the lucrative investment tools available in the market. Since the value of the rupee against a dollar usually remains low, investment for NRIs in India is considered an excellent option to convert their hard-earned income into high investment returns. Let us now understand how an investment for NRIs in India is beneficial and explore the available NRI investment options in India.
Savings is often insufficient to achieve your post-retirement goals; hence investing is vital to maintain your existing standard of life. Investment can help you build a foundation for your life after retirement. Setting up a retirement plan in India is comparatively cheaper than in countries like the US. This can be done by investing in different sectors such as stocks, mutual funds, or buying real estate in India.
The value of a rupee is much lower compared to a dollar. Hence, your foreign investment in Indian investment options can bring higher returns. For example, investment in real estate in India would be more affordable and approachable for an NRI, and the returns are usually high.
If you are an investor, you can diversify your portfolio by investing in multiple assets such as equity, stocks, bonds, debt funds, liquid funds, etc. Diversifying the investment minimizes the risk and modifies your portfolio to earn the desirable returns.
The most common and safest type of NRI investment, Fixed Deposits, keeps your money safe in an account for a predetermined period along with the applicable interest. You need one of the following accounts in India to deposit money:
The risk involved in Mutual Funds is a bit higher than that of FDs, but Mutual Funds also provide higher tax-efficient returns. You can invest in Mutual funds through a Systematic Investment Plan(SIP). One must check the terms and conditions of the plan and invest according to their risk-taking appetite.
Real estate is one of the favorite NRI investment options as it is a decent source of income in the long run. In addition, NRIs can easily afford to buy financial assets such as real estate. For example, buying a house can provide you with a rental income and also be used as security while applying for a loan.
Directly investing in equity is the perfect fit for you if you’re an aggressive investor with good knowledge of the investment market. However, it is mandated for NRIs to have an NRE/NRO bank account, a Demat account, and a trading account to begin to invest in the Indian stock market.
NPS is available for individuals between 18 to 60 years old. You can begin to invest in an Active choice mode, where you decide the asset allocation in equity, government securities, Corporate Bonds, etc. If you do not have prior knowledge of investment, you can select Auto choice, where the assets are allocated automatically, depending upon the policyholder’s age.
Like Indians, NRIs have the right to invest in Unit-Linked Insurance Plans under the Foreign Exchange Management Act (FEMA). ULIPs provide the dual objectives of insurance cover and investment. Along with the tax benefits under Section 80C deduction, ULIPs offer transparency, flexibility, and the opportunity to create wealth.
India’s remunerative investment options and resurgent economy have caused a spurt in the investment for NRIs in India. However, one should consider factors such as interest rate, risk-taking appetite, tenure of the plan, etc., before beginning to invest. Therefore, invest wisely to secure your future and accumulate wealth with flexible investments in your homeland.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Ref. No. KLI/22-23/E-BB/521
