Kotak e-Term Plan
Protect Your family’s financial future with Kotak e-Term Plan.
Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Insurance and investment in one plan with Kotak e-Invest.
Kotak Health Shield
Insurance against medical expenses related to heart, brain, liver and Cancer.
ULIPs are one of the most popular financial products and many people have been investing in this due to ITS many advantages. The need to profit from high returns and tax advantages is intrinsically tied to the requirement to invest in financial products. The ULIP plans benefits are many, ranging from ULIP plan returns to the taxability of ULIP, and so on. Despite the fact that these characteristics alone do not ensure the best performing ULIPs, many other factors are at play, that makes ULIPs a good investment. So, if you’re wondering why you should invest in ULIP now, we’ve got you covered with a few answers to that question right here in this article.
A Unit Linked Insurance Plan, or ULIP, is a financial product that integrates investment with life insurance cover. The remaining half of the money is invested in a systematic manner with a percentage going to life insurance. Like mutual funds, this transaction is made up of a variety of qualified investments, including stocks, bonds, debt, and equities. The effectiveness of the fund you pick has an impact on your investing outcomes.
Why should you invest in ULIP now? Well, Unit Linked Insurance Plans are designed to help you withstand volatility in the market, so you may invest in them or switch your funds depending on when the markets are soaring or crashing. The sooner you begin, the better, since you will be able to take advantage of ULIP plan returns owing to the compounding potential. Compounding is the process of continually reinvesting your earnings in order to expand your wealth and is a part of ULIP plan benefits. You will be in a good situation to reap the rewards if you invest over a longer period of time.
Since ULIPs long term investments, you should start as early as possible and continue investing for the best performing ULIP. Since ULIPs have a five-year lock-in term, they motivate you to be more focused and disciplined in your investing approach as well.
Whether you want to build a substantial asset portfolio or expand your wealth, ULIP does an incredible job of killing two birds with one stone. It enables you to live a comfortable life with your significant other, develop a financial cushion for your children’s bright future, and have an emergency fund over time.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.