The Kotak Long Life Wealth plus of Kotak Life Insurance is investment plans that help in structure the future. This policy also manages the investment development. This insurance plan is a unit linked plan which is specially planned to assure a future free of the worries and the tensions.
The advantages of Kotak Long Life Wealth Plus of Kotak Life Insurance are as follows:
- This policy gives the chance of high returns on long term investments.
- The fund collection can be modified t suit the risk profile.
- The policy holder can enjoy a boost up in the fund balance by Guaranteed Loyalty Units for long term savings.
- The policy holder can also boost the contribution in case of extra amount.
- The policy holder also gets the ability of availability of cash of need through partial withdrawals.
The key benefits of Kotak Long Life Wealth Plus of Kotak Life Insurance are as follows:
Maturity Benefit
The policy holder under this policy is allowed to fund value on the maturity. The policy holder may withdraw the amount on the maturity of the policy and can take the balance in periodic installments till five years of maturity.
Death Benefit
If the policy holder dies due to an accident or any unexpected and ill-timed mishap then the receiver would receive Higher of the Sum Assured or the Fund Value in the Main Account along with Fund Value in the Top-up Account, if any.
Rider Benefits
The policy holder can opt for the additional rider benefits which are available at a low cost. The benefits available are:
- Kotak Permanent Disability Benefit (PDB)
- Kotak Accidental Death Benefit (ADB)
- Kotak Critical Illness Benefit (CIB)
Tax Benefits
Tax benefits are available under Section 80C and Section 10 (10D) of Income Tax Act, 1961. Tax benefits are subject to change in the tax laws.
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Tags: insurance plan, KOTAK LIFE INSURANCE, Kotak Long Life Wealth Plus