Kotak Single Invest Plus

Kotak Single Invest Plus

A Single Premium Unit-linked Joint Life Insurance Plan

"IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER"

Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.

Value of your hard-earned money is best understood by you. The most important thing is to ensure that the money is put in right use for it to provide benefit to you and your family in the long run. Kotak Life Insurance brings to you Kotak Single Invest Plus, a single premium unit linked plan where by paying once you can reap the benefits and moreover while staying protected. The plan coupled with joint life protection cover, loyalty additions and by offering a wide array of funds ensures that your investments work for you and not the vice versa.

Key features

Convenience of onetime payment - Single Premium
Being a single premium plan, there is no obligation of future payments, so just sit back and relax!

Joint Life cover - Provides cover on both the lives
Now you can protect the primary life and one more family member. The plan provides benefit on the unfortunate event of first death and thereafter also continues to cover the surviving life for any further uncertainties. Only specified closed relationships are allowed as Joint Lives.

Advantage of Loyalty Additions
The Plan provides Loyalty Additions at the end of 10th year for a policy of 10-year term and at the end of 10th and 15th year for a Policy of 15-year term. The Loyalty Addition is calculated as percentage of the average value of Funds in the Main Account in the three years preceding the benefit payment. Premium Amount (Rs.)- = 7 lacs Loyalty Addition- 4.00%

Option to invest in a wide array of funds
The plan offers 5 fund options to choose as per your risk appetite and investment objective.

Eligibility



Policy
Policy Term: 10 and 15 years

Sum Assured Levels
Sum Assured on 1st Death: 1.25 times of the Single Premium
Sum Assured on 2nd Death: 10 times of the Single Premium

Premium Payment Details
Premium Payment Option: Single Pay
Premium level: Min: Rs 3,00,000/- | Max: No limit
* For age 3 to 7 years, underwriting screening will apply