Kotak Life Insurance today launched two new unit-linked insurance plans (Ulips) -- Kotak Secure Invest Insurance and Kotak Wealth Insurance-meeting the new Irda guidelines.
Kotak Secure Invest Insurance is an equity exposure plan and is backed by capital guarantees with in-built investment advice of the guarantee fund. It also helps the customer gain from market participation through the guarantee fund that aims at stable capital appreciation while limiting the downside risk in falling market conditions, the company said in a statement today.
Kotak Wealth Insurance is a complete package that provides investment growth along with comprehensive triple benefits in the event of death. Its power-packed range of eight fund options allows customers to balance their risk profile with the tenure their investments.