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Kotak e-Invest Plus
Kotak e-Invest Plus is a Unit Linked Insurance Plan (ULIP) that combines the benefits of life insurance protection with wealth creation. It offers multiple plan options, flexible policy terms, and smart investment strategies to suit your risk profile. The plan offers multiple benefits, including 100% premium allocation, yearly additions, the return of life cover charges, and retirement income.
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List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Midcap Fund
SBI Life
AUM:64,395 Cr
64,395 Cr
NAV
49.05
0.19%
Returns
14.03%
Opportunities Fund
HDFC Life
AUM:32,429 Cr
32,429 Cr
NAV
76.53
0.12%
Returns
10.45%
High Growth Fund
Axis Max Life
AUM:15,356 Cr
15,356 Cr
NAV
119.46
-0.02%
Returns
20.3%
Highest Returns
Opportunities Fund
ICICI Life
AUM:3,711 Cr
3,711 Cr
NAV
58.97
-0.29%
Returns
9.83%
Multi Cap Fund
Tata AIA Life
AUM:11,642 Cr
11,642 Cr
NAV
66.38
-0.64%
Returns
12.33%
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Disclaimer :
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
What is Kotak e-Invest Plus Plan?
Kotak e-Invest Plus is a Unit Linked Insurance Plan (ULIP) that aims to help you grow your money while ensuring that your loved ones are secured financially. The plan comes with various advantages, including maturity benefits, death benefits, and tax benefits, besides growing your money and looking after your family’s financial welfare. The timeline of the plan ranges from 3 years of age to 60 years. With inbuilt features such as a grace period, free look period, partial withdrawals, and reduced paid-up options, the plan ensures alignment with your financial conditions.
Key Features of Kotak e-Invest Plus
The features of the Kotak e-Invest Plus Plan are:
-
Flexible Plan Options
Kotak e-Invest Plus comes with the following plan options:
- Maximizer: This plan focuses on maximizing your investment returns.
- Rising Star: Under this option, in case of your unfortunate demise, your nominee gets the following:
- Basic Sum Assured as a lump sum.
- Regular income as monthly payments for the remaining policy term.
- Future premiums are waived, and the policy continues until maturity.
- The yearly additions as per the policy will continue to accrue.
- At maturity, the accumulated corpus will be paid to the nominee.
- Retire Rich:
- Under this option, you will be covered till 99 years of age.
- The retirement income option can be exercised anytime after the policy anniversary, once the life insured turns 60.
- An extra 0.5% p.a. on top of the selected Retirement Income percentage ensures that your lifestyle remains the same even after retirement.
-
Yearly Additions
- From the end of the 6th policy year onwards, 3% of the annual premium is added to your fund.
- This feature applies if all premiums are paid and the policy is still in force.
- In the Rising Star option, the yearly additions will continue to be added if premiums were paid till then.
-
Return of Mortality Charge (ROMC)
- Based on the plan option chosen, mortality charges are returned.
- The Maximizer and Retire Rich options return a portion of mortality charges to the fund at maturity or after the 60th birthday.
- This is not applicable for the Rising Star option.
- This applies if all premiums are paid. Extra charges and taxes are excluded.
People also read: What is ULIP
-
Retirement Income and Income Booster
- Avail retirement income any time after the policy anniversary, once the life insured turns 60.
- The income is paid as Systematic Withdrawals in the form of a percentage of the fund value.
- You may choose any percentage ranging from 1% to 12% (in multiples of 1%). The frequency of payment can also be chosen from yearly, half-yearly, quarterly, or monthly options. The option may be restarted, subject to the fund value increasing and intimation to the company.
-
Investment Strategies
- Self-Managed: This strategy allows you to select from a variety of fund options to help you get your returns maximised.
- Age-Based: This strategy automates the allocation of your funds between equity and debt based on age and risk appetite. The Rising Star option automatically converts to the Self-Managed strategy in case of the death of the life insured.
-
Monthly Rebalancing & Safety on Maturity
- On a monthly basis, your funds are rebalanced to maintain the allocation.
- In the last 12 months, investments are shifted to the Money Market Fund. This helps reduce risk.
- The policyholder may switch to the Self-Managed strategy at any time, including during this period.
Note: You may explore other options, including Kotak Mahindra FD interest rates, to get guaranteed returns.
People also read: Kotak Life ULIP Plans
Eligibility Criteria for Kotak e-Invest Plus
The eligibility criteria for Kotak e-Invest Plus plan are:
| Criteria | Details |
| Entry Age | 3- 50 years |
| Maturity Age | 18- 99 years |
| Policy Term (PT) | 10 years / 12 years / 15 years / 20 years or
99 minus Entry Age of Life Insured (Plan dependent) |
| Premium Payment Term (PPT) | Flexible (Single, Limited, or Regular Pay) |
| Premium Payment Mode | Single, Annual, Semi-Annual, Quarterly, Monthly |
| Minimum Premium Level | Plan dependent (typically ₹ 750 to ₹ 9,000 ) |
| Minimum Premium Level | No limit, subject to underwriting policy |
| Basic Sum Assured (Min &
Max) |
10 times AP |
Benefits of Kotak e-Invest Plus Plan
Investment plans help grow your money and attain financial goals. The benefits of Kotak e-Invest Plus plan are:
-
Death Benefit
- On the death of the life insured, the nominee receives the higher of:
- Reduced Paid-Up Basic Sum Assured (less partial withdrawals)
- Fund Value, including yearly additions (if applicable)
- 105% of total premiums paid (less partial withdrawals)
- For Rising Star, an additional Reduced Regular Monthly Income is included.
- The policy terminates after the death benefit is paid.
- On the death of the life insured, the nominee receives the higher of:
-
Maturity Benefit
The benefits of Kotak e-Invest Plus plan on survival till maturity are:
Maximizer / Retire Rich:
- Fund Value as on maturity.
- Retire Rich is paid as a lump sum only; the settlement option is not available.
Rising Star:
- Fund Value as on maturity.
- Paid irrespective of the survival of the Life Insured, provided that all due premiums were paid.
-
Tax Benefits
Under the Kotak e-Invest Plus plan, your premiums paid and benefits received may qualify for tax benefits based on the prevailing laws.
Latest ULIP NAVs
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Additional Details of Kotak e-Invest Plus Plan
-
Free Look Period
Review the policy within 30 days from the receipt of the policy document (15 days for policies sourced online).
-
Grace Period
From the due date of premium payment, a grace period of 30 days is allowed (15 days for monthly premiums). The policy continues to be in force during this period.
-
Partial Withdrawals
After the completion of the first 5 years since the policy starts, up to 12 partial withdrawals are allowed per policy year. The minimum amount for a partial withdrawal is ₹5,000.
-
Policy Loans
Policy Loans are not available under Kotak e-Invest Plus.
-
Reduced Paid-Up Option
If premium payment is discontinued after paying at least 2 full years, the policy becomes ‘Reduced Paid-Up’. Under this, the benefits of the policy continue to be applicable on the reduced sum assured. Upon the death of the life insured, the death benefit is calculated on the reduced sum assured and fund value.
-
Discontinued Policy Fund
If the policy is discontinued within the first five years from policy initiation, the investment funds are transferred to the Discontinued Policy Fund. The investments will be made in low-risk instruments such as money market (0–40%) and government securities (60–100%). The fund allocations may vary based on IRDAI regulations.
People also read: ULIP Calculator
Exclusions
- Suicide: If the life insured dies within 12 months from the policy start or revival date, only the fund value is payable.
- Any charges deducted after death are added back to the fund value (not applicable to Fund Management Charges).
FAQs
-
After how many years in Kotak e-Invest Plus plan are partial withdrawals allowed?
After five years in Kotak e-Invest Plus plan, partial withdrawals are allowed. -
What plan options are available under Kotak e-Invest Plus plan?
The three options; Maximizer, Retire Rich, and Rising Star, are available under Kotak e-Invest Plus plan. -
Which is better, ULIP or FD?
ULIP and FD, these both are different investment options. FDs are guaranteed return options that offer fixed FD interest rates, while ULIP plans like Kotak e-Invest Plus are market-linked but offer higher returns comparatively. Returns are subject to market risks. -
Is there a grace period in Kotak e-Invest Plus?
Yes, a grace period of 30 days (15 days for monthly premiums) is given in Kotak e-Invest Plus plan.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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