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 savings plan is one of the safest options to help you save money to fulfil the financial goals of your life. The kind of savings plan that you must use depends on various factors, including:
Do you wonder who should invest in a savings plan? An individual with an income and a financial goal can use a savings plan to invest and grow their money in the long run. Let’s dig deeper to get an understanding of the savings plan.
There are four types of savings plans you can use per your preference and future needs.
An endowment plan refers to the insurance plan that offers the policyholder or the nominee a lumpsum amount on maturity or on death. It can be used to build a risk-free saving corpus along with providing financial security to the family in case of sudden demise.
The money-back plan is a type of insurance plan that allows the insured to receive a regular return or a lumpsum amount during the policy interval. The returns here can be guaranteed, depending upon the investment performance, or can be a combination of both.
A Unit Linked Insurance Plan (ULIP) is an insurance plan that offers the dual benefit of investment to meet long-term goals along with a life cover to protect your family in case of an unfortunate event. A part of your premium is contributed towards the life cover, while the other part is invested in the funds of your choice.
It is a type of investment plan that helps the policyholder to accumulate part of their savings over the long-term period so that they can stay financially stable. This plan helps you to deal with the post-retirement uncertainties and helps to ensure a stable flow of income after retirement.
It is a type of investment plan that helps the policyholder to accumulate part of their savings over the long-term period so that they can stay financially stable. This plan helps you to deal with the post-retirement uncertainties and helps to ensure a stable flow of income after retirement.
A savings plan is beneficial for all those who wish to stay safe and financially sound in the long term. Let’s now understand the situation and which savings plan would be better for the investment - in case you are the head of your family, then you might need savings to meet the following long-term goals:
1. Higher education for children
2. Marriage goals for children
3. Home renovation work
4. Retirement savings for spouse
5. Family vacation goal
To meet these goals, you can either apply for an endowment plan, money-back plan or a ULIP. all these investments offer a safe return.
To get the benefits of your savings plan, it is advisable to start investing as soon as you start earning. You can then choose a savings plan according to your financial need, risk appetite, and investment horizon to achieve specific financial goals and live a stress-free life.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Ref. No. KLI/22-23/E-BB/521
