Kotak Investment Plans
Kotak e-Invest Plan is a ULIP (Unit Linked Insurance Plan) that offers ...Read More
A quick read on what this Kotak Investment Plans term plan covers and why it might be a fit for you.
Kotak e-Invest Plan is a ULIP (Unit Linked Insurance Plan) that offers dual benefits: financial security to your loved ones in your absence and a maturity amount if you outlive the policy term. This investment plan also offers yearly additions starting from the 6th policy year.
This plan is ideal if you want dual benefits under a single policy. This article provides complete Kotak Life e-Invest information, including its features, benefits, eligibility criteria, and buying process.
Kotak e-Invest Plan is a unique life insurance plan. Let's explore the plan in detail for better clarity and understanding.
Kotak e-Invest 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 e-Invest Plan works with a simple premium illustration.
Mr. Mayank wants to build wealth over time and safeguard his family financially even in his absence.
His financial advisor advised him to buy the Kotak e-Invest Plan. He visited PolicyX.com
Let's understand how the Kotak e-Invest 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 | 7 years | Rs 5,00,000 |
Rs 5,35,986 @ 4% Rs 10,06,724 @ 8% |
There are various benefits to buying the Kotak e-Invest Plan. Let’s understand each of them in detail:
Key features that make Kotak e-Invest Plan stand out.
Grace Period
In case of premium payment delay, you get a grace period of 30 days for quarterly, half-yearly, and yearly payments, and 15 days for monthly payments.
Discontinuance
In case your policy discontinues due to non-payment of premiums even after the grace period, your fund value after the deduction of discontinuance charges will be credited to your discontinued account.
Reduced paid-up
In case of unpaid premiums, your policy acquires the reduced paid-up value if you have paid premiums for at least two years.
Policy revival
A three-year revival period from the date of the last unpaid premium is offered to revive your policy. In case of revival during discontinuance, the funds will remain in the discontinuance account.
Keep these documents handy when applying for Kotak e-Invest Plan.
Documents Required to Buy Kotak e-Invest Insurance
Here is the list of documents required to buy the Kotak e-Invest Insurance: Photo ID Proof Age Proof Address Proof Medical Records Income Proof
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof (either of one) - bank statement, last three months' salary slips (if you are salaried).
Here are the key features of the Kotak e-Invest Plan.
Conclusion
Kotak e-Invest Plan is a ULIP that offers death benefits along with maturity benefits. This plan provides three plan options for policyholders to choose from: Maximizer, Rising Star, and Retire Rich. Two investment strategies are available: Self-managed and Age-based. You can also enhance your benefits with additional options and riders.
The 5 most-asked questions about Kotak e-Invest Plan, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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