The Kotak Smart Advantage Plan of Kotak Life Insurance is a unit linked investment plan. This plan is based on systematic accumulation of wealth and regular long term savings. This plan offers guaranteed returns with flexible life cover up to 100% allocation of money making it perfect for ideal long term financial requirements.
The main advantages of Kotak Smart Advantage Plan of Kotak Life Insurance are as follows:
- This plan provides enough flexibility to choose a life cover.
- Up to 100% of allocations of premiums are available under this plan.
- This policy gives loyalty bonus to at particular intervals to boost the fund value.
- The different funds offer maximum opportunity for growth.
- This plan also gives guaranteed returns of up to 275% of the first year’s premium at maturity.
The benefits of Kotak Smart Advantage Plan of Kotak Life Insurance plan are as follows:
In case of the unfortunate death of the policy holder during the term of the policy the beneficiary will receive the sum assured or the fund value in the main account along with the fixed advantage benefit whichever is higher along with fund value in the top up premium. The investment plan offers the policy holder with the flexible life cover option to make a choice from the identical annual premium.
Tax benefits are available under section 80C and 10(10D) of Income Tax Act, 1961. Tax benefits are subject to change in tax laws.
This plan offers the policy holder 3 fund options to increase the long term savings according to the risk appetite over the term of the policy. The available funds are Dynamic Bond Fund, Opportunities Fund and Dynamic Floor Fund.