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.
It is critical to plan for your child’s future in today’s society when inflation is high. Since education prices are rising at an alarming rate, you should invest in the best child plan in mutual funds to help your child pursue their aspirations. There are several investment options to select from when it comes to saving for various financial goals. Investment plans, such as Unit Linked Insurance Plans (ULIPs) and General Savings Plans, are examples of such alternatives.
When it comes to putting money aside every month for your child’s schooling, or other needs, you have two options: child plans or mutual funds. It’s understandable if you’re unsure which one will benefit you the most.
A child plan is usually superior to a mutual fund when it comes to saving for your child’s future. The performance of mutual funds is entirely dependent on the stock market; if the stock market declines, so does the fund’s performance, and your investment in it suffers a considerable loss.
Child insurance programs urge you to save diligently while also providing coverage for your child in unavoidable circumstances. Because of the following reasons, a child’s insurance plan is the ideal safety net for your child:
In India, the cost of general education has increased fourfold. This means that by the time your child reaches the age for college entrance, the cost of higher education will have skyrocketed. Regular contributions to a child plan in mutual funds can assist you in amassing the finances required to give your children a great education.
Healthcare expenses are rising at twice the pace of overall retail inflation. As a result, it’s critical to prepare for unanticipated health issues. In addition, the proceeds from your child plan insurance may be used to cover treatment costs, allowing you to offer necessary medical support to your child in the event of a medical emergency.
The premiums you pay for your kid insurance policy can be deducted from your taxable income up to ₹1.5 lakhs under Section 80C of the Income Tax Act, 1961. The returns are also tax-free if the policy meets the requirements of section 10 of the Internal Revenue Code (10D).
The child plan in mutual funds continues even if the policyholder dies during the policy term. The insurance company waives all remaining premiums. In a parent’s absence, the child does not have to suffer.
When your child is old enough to go to college, they will ideally have a sizable saving account set aside to pursue their interests, attend a university of their choice, and study in the place of their choice. Choose a solid child plan in mutual funds to give your child the secure financial future they deserve. In this manner, even if you cannot care for your child, they will still be fully protected.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.