Kotak Life E-Invest Plan

The Kotak Life E-Invest Plan is a Unit Linked Insurance Plan (ULIP) offered by Kotak Life Insurance. It is an online investment plan that combines the benefits of life insurance with investment potential.

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  • 4.8~ Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans with High Returns**
Invest ₹10K/month & Get ₹1 Crore# on Maturity
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rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

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Disclaimer :
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

About Kotak Life E-Invest Plan

The Kotak Life E-Invest Plan is a flexible investment plan that covers protection, investment, a child's future, and retirement all in one. It allows you to rest easy knowing your family's financial security is ensured, even in your absence. 

Eligibility Criteria

The key eligibility criteria that you must fulfil to buy the Kotak Life E-Invest Plan are mentioned below:

Eligibility Criteria Premium Payment Term Details
Entry Age Maximizer 3 – 60 years
Rising Star 18 – 50 years
Retire Rich 3 – 55 years
Maturity Age Maximizer 18 – 75 years
Rising Star 28 – 60 years
Retire Rich 99 years age of Life Assured
Premium Payment Term (PPT) Maximizer Regular: 10 / 12 / 15 / 20 years
Limited:
5/7 Years PPT: 10 / 12 / 15 / 20 years
10 Years PPT: 12/ 15 / 20 years
Rising Star Regular: 10 / 12 / 15 / 20 years
Limited: 
5/7 Years PPT: 10 / 12 / 15 / 20 years
10 Years PPT: 12/ 15 / 20 years
Retire Rich Limited: 
10 – 60 years minus (-) Entry Age of Life Assured
Policy Term Maximizer 10/ 12/ 15/ 20 years
Rising Star
Retire Rich 99 years minus (-) Entry Age of Life Assured
Annualised Premium Maximizer Rs. 9,000 – No Limit
Rising Star Rs. 24,000 – No Limit
Retire Rich Rs. 24,000 – No Limit
Sum Assured Maximizer 10 × Annualised Premium 
Rising Star
Retire Rich

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Features of Kotak Life E-Invest Plan

The key features of this best ULIP Plan are as follows:

  • Online Convenience: The plan can be easily purchased and managed online, providing convenience and accessibility to policyholders.

  • Zero Premium Allocation Charge: 100% of your premiums are invested into the chosen funds. This means that there are no upfront charges deducted from your investment amount.

  • Dual Benefit: Combining investment and insurance, the plan provides both wealth creation opportunities and financial protection to the policyholder and their loved ones.

  • Multiple Plan Options: You can choose from different plan options like Maximizer, Rising Star and Retire Rich, each with its own benefits and features. These plan options can help you achieve your specific financial goals, such as saving for your child's education or retirement.

  • Flexibility to Choose Investment Strategies: You can choose from two investment strategies: Self-Managed Strategy and Age-Based Strategy. The Self-Managed Strategy allows you to choose from a wide range of fund options, while the Age-Based Strategy automatically allocates your investments across different asset classes based on your age.

  • Enhance Your Fund Value Through Yearly Additions: Starting from the 6th policy year, Kotak Life E-Invest Plan adds a loyalty benefit to your fund value every year till the end of the policy term. This loyalty benefit can help you increase your corpus over the long term.

  • Return of Mortality Charges: In case of policy termination due to death, 25% to 200% of the mortality charges deducted will be added to the fund value. This benefit helps ensure that your nominee receives a substantial payout even in case of your unfortunate demise.

  • Flexible Premium Payment: Policyholders have the flexibility to choose their premium payment frequency based on their convenience and cash flow requirements.

  • Partial Withdrawal: The plan may offer the option for partial withdrawals, allowing you to access funds in times of financial need while keeping your policy active.

  • Additional Riders: Depending on the variant of the plan chosen, policyholders may have the option to enhance their coverage with additional riders, such as critical illness or accidental death benefits.

  • Fund Switching: It may provide the flexibility to switch between investment funds based on changing market conditions or investment objectives, allowing for optimisation of returns.

  • Tax Benefits: ULIPs like the Kotak E-Invest Plan offer tax benefits on premiums paid, maturity proceeds, and death benefits under specific conditions. 

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Investment Fund Options

The list of the 12 fund options available under the Self-Managed Strategy of the Kotak Life E-Invest Plan is as follows:

Investment Fund Name Equity Debt Money Market Risk – Return Profile
Classic Opportunities Fund 75%- 100% 0%-25% 0%-25% Aggressive
Frontline Equity Fund 60%- 100% 0%-40% 0%-40% Aggressive
Balanced Fund 30%- 60% 20%- 70% 0%-40% Moderate
Dynamic Bond Fund -- 60%- 100% 0%-40% Conservative
Dynamic Floating Rate Fund -- 60%- 100% 0%-40% Conservative
Dynamic Gilt Fund -- 80%-100% 0%-20% Conservative
Money Market Fund -- -- 100% Secure

Investment Strategies

These two investment strategies offered by Kotak Life E-Invest Plan provide different approaches to managing your finances:

  • Self-Managed Strategy: This approach gives you the freedom to select from a diverse range of fund options, allowing you to tailor your investments to maximise potential earnings. With this strategy, you have the flexibility to balance your risk tolerance with the duration of your investment.

  • Age-Based Strategy: As your financial needs evolve over time, it's crucial to adjust your investment strategy accordingly. This personalised approach considers your age and risk appetite, categorising you into aggressive, moderate, or conservative investor profiles. It aims to strike an optimal balance between equity and debt investments to meet your evolving needs at different stages of life.

Policy Details

The policy terms and conditions of the Kotak Life E-Invest Plan are as follows:

  1. Grace Period:

    • A grace period of 30 days is allowed for annual, half-yearly, and quarterly premium modes and 15 days for the monthly mode.

    • The policy remains in force during the grace period.

  2. Partial Withdrawal:

    • Partial withdrawals are permitted if the insured is a major.

    • Allowed after the completion of the lock-in period of five policy years.

  3. Discontinuance during the Lock-in Period:

    • If the policy is discontinued due to non-payment of premium after the grace period, the fund value (after applicable charges) is credited to the discontinued policy fund, and the risk cover ceases.

  4. Revival of Discontinued Policy during Lock-in Period:

    • If the policy is revived, the risk cover is restored along with investments made in segregated funds, subject to applicable charges.

  5. Segregated Discontinued Policy Fund:

    • A segregated unit fund is created for discontinued policies.

    • Fund management charge on the discontinued policy fund should not exceed 50 basis points per annum.

  6. Discontinuance after Lock-in Period:

    • After the lock-in period, if the policy is discontinued due to non-payment of premium, it is converted into a Reduced Paid Up policy.

    • The policy continues with reduced benefits and without rider cover.

    • The policy can be revived, restoring the original risk cover, subject to terms and conditions.

  7. Discontinued Policy Fund:

    • Funds from policies discontinued within the first five policy years are transferred to the Discontinued Policy Fund.

    • The fund aims to provide secure returns by investing in low-risk debt instruments.

  8. Settlement Option:

    • Policyholders can choose to receive maturity proceeds either as a lump sum or through pre-selected periodic instalments.

    • The choice must be communicated to the company at least 3 months before maturity.

    • Loans are not available under this plan.

  9. Free Look Period:

    • Policyholders have 15 days (30 days for electronic policies or policies obtained through Distance Marketing) to review the policy.

    • If the terms and conditions are not agreeable, the policy can be returned within this period.

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Suicide Exclusion Criteria

If the policyholder commits suicide within the first year of starting the policy or after revival, the nominee gets the fund value at the time of death.

If the life insured commits suicide within a year of revival, the full death benefit is paid if the policy is revived within 6 months of discontinuation. Otherwise, only the fund value at the time of death is paid, with certain charges added back.

FAQs

  • Is it safe to invest in Kotak Life?

    While Kotak Life is generally considered a safe investment option due to factors like:
    • Strong financial performance: Kotak Mahindra Life Insurance Company Limited has a good financial track record with a solvency ratio exceeding the IRDAI (Insurance Regulatory and Development Authority of India) requirement and a high claim settlement ratio.

    • Established brand: Kotak Mahindra Group is a well-established and reputable financial conglomerate in India.

  • What is the Kotak Life plan?

    Kotak Life offers a variety of insurance and investment plans, including:
    • Traditional life insurance plans: These plans offer guaranteed benefits like death benefits and maturity benefits.

    • Unit Linked Insurance Plans (ULIPs): These plans combine insurance coverage with investment opportunities in the stock market.

    • Term life insurance plans: These plans offer pure life insurance coverage at a lower cost, typically for a specific period.

  • Is Kotak Life a good company?

    Kotak Life is considered a reputable company in the Indian insurance industry with a good track record. However, whether it is a good company for you depends on your individual needs and priorities. It is important to compare different insurance providers and plans before making a decision.
  • What is Kotak Mahindra investment account?

    Kotak Mahindra offers various investment accounts, including brokerage accounts and Demat accounts, which allow you to invest in market-linked funds, stocks, mutual funds, and other financial instruments directly. These accounts are separate from Kotak Life insurance plans.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Kotak Life E-Invest Plan Reviews & Ratings

4 / 5 (Based on 23 Reviews)
(Showing Newest 10 reviews)
Shekhar
Asifabad, March 19, 2019
Investment plan with insurance protection
I am a happy customer of kotak Life as its investment plan provide wealth maximization and insurance protection.
Murli
Kamala_bagan, July 11, 2016
ULIP Policy
Ulip insurance policy is one of the very nice insurance option. The investment is less and benefits are more. Service provided by company is fantastic and claims are easily sanctioned. Policy coverage is high and the premium is less. Online service is nice which has easy interface.
Supriya
Ahmedabad, June 29, 2016
Good Service
The ulip insurance plan of mine is nice insurance policy in low premiums. The service is good and claiming get easily done because of fast service by executives. Policy coverage is high and internet portal service is easy to operate.
Kunal
Gautam_buddha_nagar, April 25, 2016
Marvelous Policy
Policy premiums are low and the claims are high. Kotak life ulip plan facilitate the people, provide good response. Getting reminders regularly and sum assured is double. Accidental and risk coverage is there. Good service by executives. Great future investment which save tax.
Lokesh
Kalyan, April 25, 2016
Great Deal
I have ulip plan from kotak mahindra life insurance. The plan works for me. Policy coverage is also good i.e., 82% with claiming amount of Rs.32 L. Service provided by you is awesome and fabulous with fast interface. Good future investment.
Gagan
Ghaziabad, April 25, 2016
Responsive Facalty
My kotak life ulip plan is really nice. It has good benefits and services. Policy coverage is 87% and claims are around Rs.40 L. Service is very good and fast that's why the work is done in very shot time period. Behaviour is also nice from staff members and executives.
Ravi
Raipur, April 25, 2016
Perfect Plan
My ulip policy plan is from kotak mahindra life insurance and the policy is the best because the policy has many benefits like the accident insurance is inbuilt in this policy. Policy coverage is high 87% and the premiums are low. Claims are 1.25 times of the investment. The service is fast and very quick. Great future investment with tax saving.
Akshay
Chaksu, April 25, 2016
Tax Saver
The kotak life ulip plan and happy to own it. The policy coverage is 82% and the claims are normal. Services are little bit slow provided by the staff members. Good future investment which saves tax also. Just improve the services and even the web services are better.
Raftar
Nilgiris, April 25, 2016
Working Good
Recently find the great policy plan that is ulip insurance policy plan and buy one from kotak mahindra life insurance. The policy coverage is high ~83% with very low premium. The service of all staff of your company is great with nice response. The return payback amount is around Rs.33 L at end of the policy.
Akash
Agra, April 25, 2016
Trustable
I purchase ulip policy plan from kotak mahindra life insurance. The policy coverage is high around 82% and the claims are huge. The policy premiums are low ~31 K and the recovery returning amount is 35 L. Services are good and on time too. Executives are doing there jobs very well and with nice behaviour too. And the web services are also fantastic. Superb future investment which reduces taxes.
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