Kotak Single Invest is a hassle-free unit linked plan, with well-defined fund options and switching facility, where you invest once and reap the benefits throughout the policy term.
Its key features are
– Easy One Time Payment – A single payment of premium ensures benefits for the entire policy term. On maturity, you will receive the value of units in the fund account.
– Choice of Funds – You can choose between 3 well-defined fund options, Opportunities Fund, Dynamic Floor Fund and Dynamic Bond Fund, to match your risk profile and investment objectives.
– High Allocation of Premium – A higher allocation of your money translates into higher potential of returns. In this life insurance plan, the allocation of your money can be as high as 99%.
– Convenience of Switches – This kotak single investment plan offers 12 free switches in a policy year.
– Benefit of Life Cover – The death benefit in this plan is:
During the first policy year: Higher of Fund Value or Basic Sum Assured
- Second policy year onwards: Higher of Fund value or 22% of the Basic Sum Assured
– Tax Benefits – You can avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961