In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Kotak e-Invest
Features
- Return of Mortality Charges*$
- Enhanced Protection
- Multiple Plan Options
- Zero Premium Allocation Charges
- Tax Savings^
Ref. No. KLI/22-23/E-BB/492
What is Kotak e-Invest? Is it Safe to Invest in It?
Kotak e-Invest is a versatile ULIP by Kotak Life Insurance, offering tailored solutions for protection, investment, child's future, and retirement planning.
- 239 Views | Updated on: Jul 31, 2024
For diverse requirements, Kotak has formulated an insurance scheme adaptable to your specific needs - be it for protection, investment, securing your child’s financial future, or retirement planning. This comprehensive solution caters to all these aspects. This insurance plan provides coverage to ensure financial stability for your family in the event of your untimely demise.
What is Kotak e-Invest?
You have established your life goals and are diligently striving to reach them. Throughout this journey, it is crucial to ensure that your hard-earned money is invested wisely in funds, at low cost. With this in consideration, Kotak Life Insurance presents Kotak e-Invest, a Unit Linked Life Insurance Plan (ULIP). It is a type of investment product that combines insurance coverage with investment potential.
It offers a combination of life insurance coverage and investment opportunities with market linked returns. You can choose from different investment strategies based on your risk tolerance and financial goals.
Is it Safe to Invest in Kotak e-Invest?
Kotak e-Invest is a ULIP product offered by Kotak Life. It combines life insurance coverage with investment options. Investing in this plan depends on your risk appetite and financial goals. ULIPs can be a good option if you understand the associated risks and are comfortable with a market-linked investment with life cover.
Let us take a quick look at the safety aspects of this plan:
Regulated Product
ULIPs are regulated by Insurance Regulatory and Development Authority of India (IRDAI), offering a layer of security.
Investment Flexibility
You can choose from various investment funds based on your risk tolerance.
Life Cover
The untimely demise of the life insured can leave their family in a financial crunch. It provides financial protection for the family in case of life insured’s unfortunate demise.
Kotak e-Invest Features
Kotak e-Invest plan offers several benefits that not only make it a popular choice among investors but also fulfill the promise of a safer and brighter future. Let us take a closer look at the features of Kotak e-Invest:
Zero Premium Allocation Charges
With Kotak e-Invest, 100% of your premiums are allocated to funds. There is no premium allocation fees, so all your premiums go directly towards your chosen investment funds.
Enhance Your Fund Value Through Yearly Additions
This plan offers yearly additions to your fund value starting after the 6th policy year. These additions can continue until the policy matures or the life assured passes away (depending on the plan).
Return of Mortality Charges
With this feature, you are eligible for a return of 25% to 200% of the life cover charges deducted. This amount would be credited to your fund value if you survive the policy term and on the policy maturity.
Boost Long Term Savings Through Retirement Income along with Income Booster
Kotak e-Invest offers multiple plan options to suit your investment goals and risk tolerance:
- Maximizer focuses on maximizing your potential returns on investment.
- Rising Star provides triple protection for your family in case of your passing.
- Retire Rich offers coverage up to age 99 and helps you accumulate savings for retirement.
Provides flexibility to choose from two Investment Strategies
No matter which plan you choose, you can pick the investment strategy that best aligns with your risk profile. It offers two options:
- Self-Managed Strategy: Take control and choose the investment funds yourself.
- Age-Based Strategy: Let the experts manage your investments based on your age and nearing retirement.
What are the Plan Options Under Kotak e-Invest?
Kotak e-Invest accommodates various objectives with its four plan options. Let us take a quick look at the various options available:
Maximizer
This option from Kotak e-Invest concentrates on amplifying fund value through assertive investments.
Rising Star
Affords triple protection, including a lump sum payout, monthly income, and policy continuation for your child upon your demise. Furthermore, Company waives off all future premiums and Policy continues till Maturity. Upon maturity, the accumulated funds will be disbursed to the designated beneficiary.
Retire Rich
Guarantees life cover until the age of 99, securing financial stability throughout your retirement. The additional 0.5% per annum Income Booster, added to the percentage you have already chosen for retirement income (1 to 12%), safeguards your lifestyle post-retirement, ensuring no compromise.
Eligibility Criteria for Investing in Different Options of Kotak e-Invest Plan
Having options to choose from is always a beneficial feature of any policy. With Kotak e-Invest, there are many options to select as per your needs. These options can be selected according to the following criteria:
| Parameter |
Plan Option |
Eligibility Criteria | |
|---|---|---|---|
| Entry Age |
Minimum |
Maximum | |
| Maximizer |
3 years |
60 years | |
| Rising Star |
18 years |
50 years | |
| Retire Rich |
3 years |
50 years | |
| Maturity Age |
Maximizer |
18 years |
75 years |
| Rising Star |
28 years |
60 years | |
| Retire Rich |
Fixed at 99 years age of Life Insured | ||
Final Thoughts
Kotak e-Invest emerges as a versatile and secure investment avenue tailored to meet your evolving financial needs and life goals. With its comprehensive coverage, including protection, investment growth, and financial security for your loved ones, this ULIP offered by Kotak Life Insurance stands as a regulated and flexible investment option. The plan’s benefits, such as complete premium allocation and mortality charges refund, underscore its commitment to maximizing your investment potential while providing essential life cover. Unlock your financial future. Start investing in Kotak e-Invest today!
FAQs
1
How does Kotak e-Invest ensure the safety of investments?
Kotak e-Invest ensures investment safety through regulated products, investment flexibility, and life cover.
2
Can I customize my Kotak e-Invest plan according to my needs?
You can customize your Kotak e-Invest plan by selecting from various plan options tailored to different financial goals, such as Maximizer, Rising star, and Retire rich.
3
How can I track the performance of my investments in Kotak e-Invest?
You can track the performance of your investments in Kotak e-Invest by monitoring the fund performance offered by Kotak Life.
4
How does the yearly addition feature work in Kotak e-Invest?
The yearly addition feature in Kotak e-Invest adds bonuses to your fund value annually, starting from the 6th policy year until maturity or demise, enhancing investment returns.
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
- Return of Mortality Charges*$
- Enhanced Protection
- Multiple Plan Options
- Zero Premium Allocation Charges
- Tax Savings^
Ref. No. KLI/22-23/E-BB/521
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Terms & Conditions:
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
The Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to withdraw or surrender themonies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year from inception.
- Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors.
- The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
- Kotak Mahindra Life Insurance Company Ltd. is only the name of the Insurance Company and Kotak e-Invest is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects and returns.
- The past performance of other Funds of the Company is not necessarily indicative of the future performance of the funds.
- Please know the associated risks and the applicable charges (along with the possibility of increase in charges), from your Insurance Agent / Corporate Agent / Insurance Broker / Intermediary or policy document of the insurer.
- All benefits payable under the Policy are subject to the Tax Laws and other financial enactments, as they exist from time to time.
Kotak e-Invest; UIN – 107L121V01, Form No. – L121, Kotak Accidental Death Benefit Rider (Linked) UIN – 107A017V01 Form No: A017, Kotak Permanent Disability Benefit Rider (Linked) UIN – 107A018V01 Form No: A018 This is an individual Unit-linked Non-participating Endowment Life Insurance Plan. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For more details on riders, please read the Rider Brochure.
Kotak Mahindra Life Insurance Company Ltd; CIN: U66030MH2000PLC128503 Regn. No.:107, Regd. Office: 8th Floor, Plot # C-12, G-Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No. -18001207856 Ref. No.: KLI/24-25/E-WEB/619
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
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