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Kotak Life

Kotak Life Single Invest Plus Insurance

Intelligent investment of your hard-earned money can go a long way in ensuring a bright future for you and your family. Keeping this in mind Kotak Life Insurance brings to you Kotak Single Invest Plus, a hassle-free Single pay unit linked plan, where you invest once and reap the benefits throughout the policy term and at the same time stay protected.Coupled with easy liquidity and a wide array of funds we ensure that your investment works for you and not vice versa.
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Kotak Life insurance review

Kotak Life Insurance plans
Distribution - Number of branches pan India (March 2019)
244
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/40
Solvency Ratio (FY 2018-19) *
3.02
Number of Policies Sold (Ind+Group) *
316,150
Number of Lives Covered (Ind+Group) **
15,530,695
Claims Settlement Ratio (Ind+Group) ***
99.01%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Kotak Single Invest Plus Insurance Overview

  • Key Benefits
  • Eligibility

Key Benefits of Kotak Single Invest Plus Insurance

  • Convenience of onetime payment – Single Premium :

    Being a single premium plan, there is no obligation of future payments, so just sit back and relax!

  • Joint Life cover – Provides cover on both the lives :

    Presently you can secure the essential life and one all the more relative. The arrangement gives advantage on the deplorable occasion of first passing and from that point additionally keeps on covering the enduring life for any further vulnerabilities. Just indicated shut connections are permitted as Joint Lives.

  • Advantage of Loyalty Additions :

    The Plan gives Loyalty Additions toward the finish of tenth year for an arrangement of 10-year term and toward the finish of tenth and fifteenth year for a Policy of 15-year term. The Loyalty Addition is determined as level of the normal worth of Funds in the Main Account in the three years going before the advantage installment. Premium Amount (Rs.)- < 7 lacs Loyalty Addition- 3.60% Premium Amount (Rs.)- >= 7 lacs Loyalty Addition- 4.00%

  • Option to invest in a wide array of funds :

    The plan offers 5 fund options to choose as per your risk appetite and investment objective.

Eligibility Criteria of Kotak Single Invest Plus Insurance

Age Criteria: Primary Life Secondary Life
Entry Age* Min: 18 yrs
Max: 55 years for 10 years term 52 years for 15 years term		 Min: 3 yrs
Max: 55 years for 10 yrs term 52 years for 15 years term
Maturity Age Min: 28 yrs
Max: 65 years for 10 years Term 67 years for 15 years Term		 Min: 18 yrs
Max: 65 years for 10 years Term 67 years for 15 years Term
Policy 10 and 15 years
Sum Assured Levels Sum Assured on 1st Death: 1.25 times of the Single Premium
Sum Assured on 2nd Death: 10 times of the Single Premium
Premium Payment Details Premium Payment Option: Single Pay
Premium level: Min: Rs 3,00,000/- | Max: No limit

Brochure

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Policy wordings

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    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025