Kotak Single Invest Advantage vs Lic Jeevan Shagun

Kotak Single Invest Advantage is a unit-linked insurance plan (ULIP) offered by Kotak Life Insurance. It combines the benefits of investment and insurance in a single package. To face every market situation, this plan offers three different investment strategies and five unique funds to diversify your portfolio.

Wait, Wait, as per different life stages. This plan offers two different policy terms of 10- 15 years, so you can plan your finances accordingly. Overall, Kotak Single Invest Advantage is a blend of growth and security.

Kotak Single Invest Advantage Plan is a unique life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.

Kotak Single Invest Advantage Plan offers you a range of benefits including:

• One time payment
• Tax Benefits
• Vast investment options

• Partial withdrawal
• 3 Investment strategies
• Switch funds

LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high life cover in the event of the miserable death of the policyholder where the single premium paid depends on the maturity sum assured opted by the insured. On surviving till the end of a certain period and on the maturity date, a percentage of the Maturity Sum Assured is paid by LIC.

The plan was launched on 1st September, 2014 for a period of 90 days as it is a close-ended plan so one can fulfill any immediate service requirement. For new buyers looking to buy a similar LIC one time investment plan, you will find comparisons with other plans currently offered by LIC.

The single premium paid for the plan ranges accordingly on the basis of various factors like the policy term, the insured person’s age, the sum assured chosen, etc. After purchasing the policy, tax benefits are also applicable to the plan.

LIC Jeevan Shagun Plan offers you a range of benefits including:

• Death Benefits
• Survival Benefits
• Loyalty Additions

• Policy Revival
• Loan Facility