Launch of Kotak Single Invest
The reviving economy and the rising stock markets have ensured renewal of investor interest in equity investments. There is a demand for products that deliver equity-linked returns but at the same time are flexible enough to negotiate market downturns.
Keeping with our commitment to provide customer centric products, we are pleased to introduce a very innovative product "Kotak Single Invest".
Kotak Single Invest is a unit-linked single premium plan that is designed to work as an efficient one-time investment for our customers. It offers Dynamic Floor Fund and Opportunities Fund to match the risk-return profile and investment objectives of the customers, serving as an excellent alternative to mutual funds.
Advantages
- Easy one-time payment
- Enjoy the benefit of investment & insurance throughout the policy term
- Choice of funds
- High allocation of premium
- Ease of switching between funds (first 12 switches free)
- Convenience of partial withdrawals from year 4 onwards
Key Features
o 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.
o 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.
o High Allocation of Premium
In case of Kotak Single Invest, the allocation of your money can be as high as 99%*. A higher allocation of your money translates into higher potential of returns.
o 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.
o 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
Eligibility – Ready Reckoner
Entry Age:
- Min: 0 yrs
- Max: 65 yrs
Maturity Age:
- Min: 10 yrs
- Max: 75 yrs
Policy Term: 10yrs
Basic SA: 5 times of single premium
Single Premium:
- Min: Rs 50000
- Max: No Limit
Special Non-Medical Limits
Relaxed underwriting rules will apply for this plan, subject to underwriting being satisfied. The following non-medical limits will apply:
| Age (years) | Single Premium (Rs.) | Sum Assured (Rs.) |
| 0 to 35 | 20 lakhs | 1 crore |
| 36 to 45 | 10 lakhs | 50 lakhs |
| 46 to 50 | 5 lakhs | 25 lakhs |
| 51 to 60 | 1 lakhs | 5 lakh |
Target Segment: It is an ideal product for Mutual Fund Investors as they it is single premium product & gives liquidity after 3 years.
Presentation: We are attaching herewith the product presentation of Kotak Single Invest for your reference. The presentation includes:
o Product: Features, Benefits, Flexible Options and Charges.
o Product Comparison with Mutual Funds, Comparison with other single premium plans
USP of Kotak Single Invest - Dynamic Floor Fund
Below are the some points, which can be used to explain the dynamic floor fund better……….
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Fund Objective:
• Long term growth with meaningful protection
• Aims to protect at least 90% of net investment over a 12 month period
Talk Points
- A fund that uses a quantative risk model to benefit from a strong market but protect against sharp losses in a weak market
- Ideal for the risk averse, who wants to protect capital but still don't want to lose the earning potential of the market
Embedded investment advice in a single fund
– Invests across, shares, bonds and cash
– Actively moves from shares to fixed income securities (bonds, cash) when value of your fund drops below a pre-determined level or 'floor'
– When markets move up, DFF increases its holding in equity/ shares.
Protection of invested capital
– Fund moves into fixed income securities (debt, cash) in a weak market
– The level of protection is managed by experts so as to not miss market opportunities when market moves up
– Aims to protect at least 90% of net investment over a 12 month period
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