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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:
Minimum entry age: 3 years Maximum entry age: 45 years
Maximum maturity age: 78 years
10 and 15 years
Single
Single
10 times the basic sum assured
Let's understand how the Kotak Single Invest Advantage Plan works with a simple premium illustration.
Vaibhav is a 30-year-old looking for a ULIP plan to create long-term wealth.
His financial advisor advised him to buy the Kotak Single Invest Advantage plan. He visited PolicyX.com
Let's understand how the Kotak Single Invest Advantage Plan works for him with a premium illustration table.
Policy Term | Age (in years) | Premium amount | Fund value | Death Benefit |
5 years | 35 years | 10,00,000 | Rs 12,54,986 | 1 crore |
Here are some features of Kotak Single Invest Advantage:
Choose from 5 different fund options to cater to the diverse needs of individual investors. Each fund has a separate 'Risk-return' profile.
Kotak Single Invest Advantage offers you three different investment strategies that match your risk appetite.
Maturity amount upto Rs. 2.5 Lac would be tax-free under section 1010D of income tax 1961.
Offers to switch between the funds for a maximum of 12 times in a year.
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There are various benefits to buying the Kotak Single Invest Advantage Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the Kotak Single Invest Advantage:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the Kotak Single Invest Advantage official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of Kotak Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'Kotak Single Invest Advantage' plan.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the Kotak Single Invest Advantage Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
If you are looking to purchase a versatile ULIP plan then the Kotak Single Invest Advantage plan is something for you. This plan offers five different fund options to cater to the diverse needs of individual investors; each fund has a separate “Risk-return profile.”
For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
The minimum age to purchase this plan is 3 years.
Two different policy terms of 10 years or 15 years are available in this plan.
This plan offers five different fund options: Classic Opportunities Fund, Frontline Equity Fund, Dynamic Gilt Fund, Dynamic Bond Fund, and Money Market Fund.
This plan has three investment strategies: Self-managed, Age-based, and Systematic switching (SSS).
No, ULIP plans such as Kotak Single Invest Advantage do not offer any loan facilities. You can Get a loan facility only with guaranteed plans.
You can buy this plan on Policyx.com. They provide unbiased opinions and solve all your queries without any hassle.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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February 5, 2023
Asia/Kolkata
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