FINVESTguru: We Care Your Money (Insurance): Kotak Single Invest

In this policy, the investment risk in investment portfolio is borne by the policyholder

Overview

Life has the ability to surprise you pleasantly with financial windfall and surplus. As an individual, who is aware of his responsibilities and aspirations, it is now up to you to make the best use of it. What you need to do is choose an investment avenue that delivers as per your requirements.

Why an ideal plan

Keeping this in mind Kotak Life Insurance brings to you Kotak Single Invest, a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term. With well-defined fund options and switching facility this plan ensures that your investments work for you and not vice versa.

Advantages

· Easy one-time payment

· Choice of funds

· High allocation of premium

· Ease of switching between funds

Key Features

Easy One Time Payment

A single payment of premium ensures benefits for the entire policy term, without worrying about any future payment obligations. On maturity now, you will receive the value of units in the fund account.

Choice of Funds

Kotak Single Invest offers you 3 well-defined fund options to match your risk profile and investment objectives. These funds are Opportunities Fund, Dynamic Floor Fund and Dynamic Bond Fund.

High Allocation of Premium

In case of Kotak Single Invest, the allocation of your money can be as high as 99%1. A higher allocation of your money translates into higher potential of returns.

Convenience of Switches

Kotak Single Invest offers 12 free switches in a policy year. These switches allow you the flexibility to manage your investments as per the market dynamics and thus secure better returns on your investments.

Benefit of Life Cover

Kotak Single Invest offers you life cover for the benefit of your beneficiaries. 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. Tax benefits are subject to change in the tax laws. You are advised to consult your Tax Advisor for details.

¹For a Single Premium of Rs. 5,00,000 and above.

This is for information purposes only. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

Kotak Single Invest: UIN 107L053V01, Ref No: KLI/09-10/P-PP/072

Insurance is the subject matter of the solicitation. This is a unit-linked single premium non-participating plan. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Kotak Mahindra Old Mutual Life Insurance Ltd. is only the name of the Insurance Company and Kotak Single Invest is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer.