Kotak Single Invest Advantage

It is a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term. Coupled with easy liquidity and investment strategies to suit your investment objectives, this plan ensures that your investments work for you and not vice versa

Key Features

  • Convenience of one-time payment
  • Advantage of Loyalty Additions
  • Option to choose from 3 Investment Strategies as per your Investment Objective

Benefits

  • Tax Benefits:
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
  • Death Benefit:
In case of death of Life Insured during the term of the policy, the Death Benefit payable in lump sum will be:
Highest of:
1) Basic Sum Assured less partial withdrawals, if any
2) Fund Value in Main Account including Loyalty Additions, if any
3) 105% of the premium(s) paid up to the time of death
  • Maturity Benefit:
Fund Value including Loyalty Additions will be payable upon Maturity. 7 Maturity proceeds can be taken in either lump sum or as per the Settlement Option

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 3 years 45 years
MATURITY AGE 18 years 58 years
POLICY TERM 10 and 15 years
SUM ASSURED 10 times of Single Premium
PREMIUM PAYMENT OPTION Single time

ADD ONS

To add to your protection, we offer a choice of 2 riders:

Kotak Accidental Death Benefit Rider (Linked):

In addition to the death benefit as per the base plan, the Rider Sum Assured is payable in case of an unfortunate demise of the life insured due to accident.

Kotak Permanent Disability Benefit Rider (Linked):

In case of Total & Permanent disability of the life insured due to accident, the Rider Sum Assured is payable and the base policy continues.

What if?

I am unable to pay premium

It is Single time payment.

I want to take a loan

No such option is available under this policy