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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
ULIPs are based on markets, therefore, the timing of buying and switching your ULIP fund is very important. Know the right time to invest in ULIPs.
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.
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.
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