10 Most Frequently Asked Questions About Kotak e-Invest Plan

When it comes to investing in a life insurance policy, it is essential to know that you’re investing your hard-earned money in the right plan. If you are planning to buy one, it is better to opt for Kotak e-Invest, which is a comprehensive set of Unit Linked Life Insurance Plans (ULIPs) that can be modified as per individual goals and requirements. Dig deep into this article to find answers to the most commonly asked questions before you invest in Kotak e-Invest Plan.

  • What Are the Different Plan Options Under Kotak e-Invest?

The different plans available under Kotak e-Invest are as follows:

  • Maximizer: It helps maximize your returns for the amount you invest. 
  • Rising Star: If you are looking for a plan to fulfill your children’s dreams and aspirations, the Rising Star plan is perfect. The investment will maximize your earnings, and the earnings won’t be lost in case of your sudden death. 
  • Retire Rich: The plan is perfect for avoiding financial worries even after retirement. The Retire Rich plan covers you till the age of 99. 

Each Kotak e-Invest plan comes with different terms and conditions. 

  • How Are Yearly Additions Calculated for Kotak e-Invest Plans?

The yearly additions for Kotak e-Invest plans are 3% of your annual premium at the end of each policy year. The yearly additions begin from the end of the 6th policy year and continue till death or maturity (whichever comes earlier). 

  • What Is the Self-Managed Investment Strategy?

The self-managed investment strategy lets you choose between different fund options to increase your earning potential. The fund options help you balance the risk profile per the investment tenure. 

  • What Is the Age-Based Investment Strategy?

The age-based strategy allows you to adjust investments per your changing requirements with growing age. It creates a fine balance between debt and equity depending on your age and appetite for risk. 

  • What Is the Death Benefit Available for Kotak e-Invest Maximizer Plan?

The death benefit of a Maximizer plan involves the fund value or the basic assured sum. 105% of total premiums paid till the date of death of the policyholder becomes available to the nominee. 

  • What Is the Maturity Benefit of a Kotak e-Invest Retire Rich Plan?

If the policyholder survives till the end of the policy term, fund value on the maturity date becomes payable. The fund value includes yearly additions and ROMC. However, all premiums should be paid, and the policy should be valid on the maturity date. The maturity amount is paid as a lump sum with no option for settlement. 

  • What Is the Minimum Entry Age for Kotak e-Invest Plans?

The minimum entry age for Kotak e-Invest Retire Rich and Maximizer plan is 3 years. For the Rising Star plan, the minimum entry age is 18 years. 

  • What Is the Minimum Maturity Age for Kotak e-Invest Plans?

The minimum maturity age is 18 years, 28 years, and 99 years for the Maximizer, Rising Star, and Retire Rich plans, respectively. 

  • Is There Any Charge for Partial Withdrawals?

In Kotak e-Invest, the first four partial withdrawals are not chargeable. But after that, a charge of Rs 250 is applicable. Remember that the minimum amount for partial withdrawals is Rs 5000. 

  • What Loans Are Available Under Kotak e-Invest Plans?

No loans are available under Kotak e-Invest plans. 

Final Thoughts

Hopefully, you have found answers to your most common queries surrounding Kotak e-Invest plans. Hurry and sign up for a Kotak e-Invest Plan now!

Visit here to know more about Kotak Life ULIP Plan: https://www.kotaklife.com/online-plans/ulip-plan


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