All About Kotak Life Insurance Ace Investment Plan
Updated On Jun 20, 2021
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The Kotak Life Insurance Ace Investment Plan is a Unit-Linked Investment Plan (ULIP). This plan lets you have complete control over your investment. You can choose the type of market-linked fund you want to invest in depending on your risk appetite and the kind of returns you are looking for. Such flexibility and many more benefits are available with the Kotak Life Insurance Ace Investment Plan.
Both insurance and investment are important to anyone's life. This plan, offering both these facilities, is, therefore, a perfect purchase for anyone.
Features And Benefits of Kotak Life Ace Investment Plan
Here are the key features of the Kotak Life Insurance Ace Investment Plan.
Investment Fund Flexibility
The Kotak Life Insurance Ace Investment Plan offers policyholders the flexibility to choose the investment fund they want. Depending on their risk appetite and wealth growing ambitions, they can choose from a variety of fund options.
This plan also lets you choose between three investment strategies:
- Age-Based Strategy: If you are short on time to dedicate to your investments, this is the option to go for. It allocates your fund based on your age and risk appetite.
- Self Managed Strategy: This strategy involves the traditional feature of ULIPs, where the policyholder is in complete control of their funds and choice of an investment fund.
- Systematic Switching Strategy: Under this strategy, you can systematically participate in equity markets, while also transferring a portion of your funds to other funds, monthly.
Ease in Premium Payments
With the Kotak Life Insurance Ace Investment Plan, you can keep your plan active as per your financial capabilities. You can opt for a 5-year premium term (10 years of policy term) or, you can also opt for a 10-year premium payment term for longer policy terms like 15, 20, 25 or 30 years. Short-term premium payment options like monthly, quarterly, half-yearly and yearly instalments are also available.
Even if you cannot dedicate your all to the plan right from the beginning, do not fret. With the top-up facility, you can add to your savings as and when you want. This facility lets you add more of your financial assets to the plan. You may also opt for Top-Up Sum Assured, which increases your existing cover.
Riders help one enhance the benefits and protection provided by the insurance plan. The Kotak Life Insurance Ace Investment Plan also provides the same feature. With this plan, you can add the Accidental Death and Permanent Disability Benefit Rider. It will provide you with cover and benefits as and when the incident occurs.
The Kotak Life Insurance Ace Investment Plan allows for partial withdrawals. Therefore, you can withdraw any amount from your savings, as and when needed, without having to liquidate your entire funds. This is a great advantage of ULIPs as most other types of plans penalise this.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.