The new plan is a unit linked plan wherein a single premium enables the policy holder to reap the benefits of insurance and investment. The plan offers investors the benefits of one time investment supplemented with easy liquidity and higher allocation of premium to generate the best returns based on risk appetite.
Kotak Single Invest is tailored to offer maximum convenience to investors; from easy one time payment to 12 free switches in a policy year. The product offers liquidity and high allocation of investments which translates into higher potential of returns, Kotak claimed.
The allocation can be between 97.75 per cent and 99 per cent depending upon the size of the premium invested.
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