Kotak Investment Plans
Kotak Ace Investment Plan is a ULIP (Unit Linked Insurance Plan). This ...Read More
A quick read on what this Kotak Investment Plans term plan covers and why it might be a fit for you.
Kotak Ace Investment Plan is a ULIP (Unit Linked Insurance Plan). This plan offers a lump sum in case of your unfortunate demise and maturity benefits if you outlive the policy tenure.
Three investment strategies are available for a policyholder: self-managed, age-based, and systematic switching. This section provides complete details regarding Kotak Ace Investment Plan, including its features, benefits, eligibility criteria, and buying options.
Kotak Ace Investment Plan is a unique life insurance plan. Let's explore the plan in detail for more clarity and better understanding.
Kotak Ace Investment Plan offers a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Kotak Ace Investment Plan works with a simple premium illustration.
Mr Sehrawat was looking for a plan that offers financial protection to his family even in his absence along with helping him create wealth over time.
His financial advisor advised him to buy the Kotak Ace Investment Plan. He visited PolicyX.com
Let's understand how the Kotak Ace Investment Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premiums | Policy tenure | Premium Payment Term | Basic Sum Assured | Maturity Benefits |
| 35 years | Rs 50,000 | 20 years | 20 years | Rs 5,00,000 |
Rs 19,01,130@8% Rs 12,18,121 @4% |
There are various benefits to buying the Kotak Ace Investment Plan. Let’s understand each of them in detail:
Key features that make Kotak Ace Investment Plan stand out.
Top-up premiums
The top-up of your premiums should not exceed the total of regular premiums. The top-up premiums are invested in separate accounts with a lock-in period of 5 years.
Discontinuance
There are certain instances when you may want to discontinue your policy or the company discontinues your policy due to non-payment of premiums. This plan allows such discontinuance, and discontinuance benefits are provided accordingly.
Free-look period
A free-look period allows you to review the plan you have chosen in detail. In this period, you can cancel your policy if you are not satisfied with it after paying minimal charges.
Policy revival
Kotak Ace Investment Plan provides you the option to revive your discontinued policy within three years from the date of the last unpaid premium.
Keep these documents handy when applying for Kotak Ace Investment Plan.
Photo ID Proof
Photo ID Proof (any one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (any one) - Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (any one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof (any one) - Bank statement, last three months' salary slips (if salaried).
Here are the key features of the Kotak Ace Investment Plan.
Conclusion
Kotak Ace Investment Plan is an ideal plan if you want the dual benefits of a life insurance plan and an investment plan. This plan also provides the option of top-up premiums, choice of life cover, enhancing options to increase benefits, flexible premium payment, and settlement options.
The 5 most-asked questions about Kotak Ace Investment Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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