Kotak Life ULIP Plans

Kotak Life Insurance offers a range of Unit Linked Insurance Plans (ULIPs) that cater to various financial goals and risk appetites. ULIPs combine the benefits of life insurance with market-linked investments, providing you with the potential to grow your wealth while securing your loved ones' future.

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6.7 Crore
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3.4 Crore
Policies Sold
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Frontline Equity Fund
Fund Size: 3,212 Cr
3,212 Cr
60.3 0.68%
17.91% Highest Returns
15.42%
16.26%
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Classic Opportunities Fund
Fund Size: 12,743 Cr
12,743 Cr
61.19 0.63%
16.46% Highest Returns
14.01%
15.78%
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Balanced Fund
Fund Size: 344 Cr
344 Cr
42.84 0.35%
12.38% Highest Returns
11.08%
12.22%
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Dynamic Gilt Fund
Fund Size: 202 Cr
202 Cr
42.61 0.18%
6.52%
6.54%
8.14% Highest Returns
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Dynamic Bond Fund
Fund Size: 1,433 Cr
1,433 Cr
46.13 0.15%
6.64%
6.44%
7.89% Highest Returns
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Money Market Fund
Fund Size: 594 Cr
594 Cr
24.83 -0.01%
4.88%
5.36%
6.13% Highest Returns
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Dynamic Floating Rate Fund
Fund Size: 20 Cr
20 Cr
35.27 -0.01%
4.94%
5.16%
6.12% Highest Returns
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 16-04-2024. The returns are the returns of best-performing fund in the plan

What are ULIP Plans?

Unit Linked Insurance Plans (ULIPs) blend insurance coverage with capital market-linked returns. They offer the dual advantage of investment and insurance. In ULIPs, premiums are invested in diverse funds, and policyholders receive returns based on market performance. With multiple fund options, your money is allocated based on your risk preference. ULIPs involve a risk element, distinguishing them from standard insurance plans. The sum assured is variable, influenced by market dynamics rather than a fixed amount, adding a market-driven dimension to the policy.

Types of Kotak Life ULIP Plans

  1. Kotak Life E-Invest

    Kotak Life E-Invest is a comprehensive Unit Linked Insurance Plan (ULIP) designed to cater to your financial needs, like protection, investment, child's financial security, and retirement planning. It offers a unique combination of life cover, investment flexibility, and tax benefits.

    Here are some of its key features:

      • 100% Investment of Premiums: Unlike other ULIPs, Kotak Life E-Invest allocates 100% of your premiums directly to the chosen investment funds. This means no part of your premium goes towards charges, maximising your investment potential.

      • Enhanced Fund Value: Starting from the 6th policy year, the plan adds yearly bonuses to your fund value until maturity or death (depending on the plan option). These bonuses further boost your returns.

      • Mortality Charges Return: To reward your commitment, a portion of the life cover charges deducted returns to your fund value based on your policy term and if you survive till maturity. This 25% to 200% refund incentivises long-term investment.

      • Multiple Plan Options: E-Invest caters to diverse goals with 4 plan options:

        • Maximiser: Focuses on maximising fund value through aggressive investments.

        • Rising Star: Provides triple protection with lump sum payout, monthly income, and policy continuation for your child on your death.

        • Retire Rich: Offers life cover till 99 years, ensuring financial security throughout your retirement.

        • Income: Ensures regular income after retirement through flexible withdrawal options, boosted by an additional 0.5% income booster.

      • Choose from two investment strategies based on your risk appetite:

        • Self-Managed Strategy: Select individual funds to actively manage your portfolio.

        • Age-Based Strategy: Opt for age-appropriate fund allocation for a balanced approach.

      • Additional Benefits: Tax benefits under Section 80C and 10(10D) of the Income Tax Act.

      • Eligibility:

    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

    Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan

    People also read: What is ULIP

  2. Kotak Assured Savings Plan

    The Kotak Assured Savings Plan is a non-participating investment plan offered by Kotak Mahindra Life Insurance Limited. It combines features of both life insurance and savings, aiming to provide financial security and wealth accumulation over the long term. 

    Key features of this plan:

      • Guaranteed Maturity Benefit: This includes three components:

      • Basic Sum Assured: A fixed amount determined by your chosen premium, policy term, premium payment term, and age.

      • Guaranteed Loyalty Addition: A bonus paid at maturity if you stick with the policy for the entire term.

      • Increasing Life Cover: The Basic Death Benefit, payable if you die during the policy term, is the higher of:

        • 11 times (for ages below 45) or 7 times (for ages 45 and above) your annual premium.

        • The Guaranteed Minimum Death Benefit a percentage of the Basic Sum Assured based on the policy term.

        • 105% of all premiums paid.

      • Guaranteed Additions: Provide growth on your savings, enhancing the final payout.

      • Tax Benefits: Premiums paid qualify for tax deductions under Section 80C of the Income Tax Act, 1961.

      • Eligibility:

    Parameter Minimum Age Maximum Age
    Entry Age (as of last birthday) 3 years  60 years
    Maximum Maturity Age(as on last birthday) 18 years For 10 Policy Term: 70 years
    For Other Policy Term: 75 years

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  3. Kotak Guaranteed Savings Plan

    The Kotak Guaranteed Savings Plan is a non-linked, non-participating life insurance plan that combines guaranteed savings with limited premium payments and life insurance protection.

    Here are its key features:

      • Limited Premium: You only pay premiums for a fixed period, known as the premium payment term (PPT). This can range from 5 to 10 years, depending on your chosen policy term. After the PPT, you no longer need to make further premium payments.

      • Guaranteed Additions: Once you complete the PPT, the plan starts accruing guaranteed additions every year until the end of the policy term. These additions are a fixed percentage of your annual premium and are guaranteed, regardless of market performance.

      • Guaranteed Loyalty Addition: At the end of the policy term, you receive a lump sum loyalty bonus as a reward for staying invested with Kotak Life. The amount of the bonus depends on your chosen premium payment term and policy term.

      • Enhanced Protection: You can opt for additional riders to enhance the protection provided by the plan. These riders may cover critical illness, accidental death, or disability.

      • Eligibility:


    Entry Age as of last birthday
    Minimum Age Maximum Age
    3 years  60 years

People also read: ULIP Calculator

Conclusion

Kotak Life ULIPs offer a compelling option for individuals seeking a blend of investment and protection. With careful planning and a clear understanding of the risks involved, ULIPs can be a valuable tool for achieving your financial goals.

Kotak Life ULIP Plans

  • How does a ULIP work?

    Premiums paid in a ULIP are divided into insurance and investment components. The investment portion is allocated to various funds, and returns depend on market performance.
  • What are the key benefits of a ULIP?

    ULIPs offer the potential for market-linked returns, flexibility in fund selection, the option to switch funds, and a combination of insurance and investment benefits.
  • Can I customise my ULIP investment strategy?

    Yes, ULIPs provide flexibility in choosing investment funds based on risk tolerance, allowing policyholders to tailor their investment strategy.
  • Are there charges associated with ULIPs?

    Yes, ULIPs may have various charges, such as premium allocation charges, fund management charges, and policy administration charges. It's crucial to be aware of these charges.
  • What is the lock-in period for ULIPs?

    ULIPs come with a lock-in period of 5 years, during which the policyholder cannot withdraw the entire amount. Partial withdrawals may be allowed after this period.
  • How to pay a premium? What are the modes of payment available?

    Kotak Mahindra Life Insurance Company Limited offers 12 modes of premium payment namely:
    • Cheque payment at the branch
    • Online Payment
    • Payment at the Kotak bank ATM drop boxes
    • NEFT
    • ECS
    • Standing Instructions
    • Direct Debit
    • IMPS
    • Payment thorough bill desk
    • Electronic bill payment
    • Postal money order
    • Bank guarantee

      For the online payment mode, the policyholder can pay via;
    • Credit Card,
    • Debit Card
    • Net banking
  • How can I check policy status for Kotak Life ULIP plans?

    If you are a registered user, simply log into the e-Portal with your policy details to check the policy status.
  • What is the policy renewal process for Kotak Life ULIP plans?

    If you are a registered user, you can pay online in 3 easy step

    Step 1: Logging into the e-Portal with your policy details to check the policy status.

    Step 2: Select the policy and payment option- Net Banking. Debit/Credit Card

    Step 3: Pay via the secured gateway and print/save the recipt of payment.

    In the offline mode, you deposit cash/cheque at the nearest branch.

  • What is the company’s process to settle claim for Kotak Life ULIP plans?

    The nominee can visit the branch personally with the policy document and accidental/death certificate. The nominee must fill a claim intimation form and then the company will provide a reference number to him. Usually within 30 days the accidental/death claim without investigation cases is cleared.
  • What is the policy cancellation process for Kotak Life ULIP plans?

    Submit your policy documents along with duly filled surrender form at the service desk in any of the branches. Upon successful proccedings, the refund will be credited directly into your bank account and the policy stands cancelled. The comoany claims to setlle it within 7 working days.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^The tax benefits under Section 80C allow a deduction of up to ?1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ?2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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