OM Kotak Life Insurance is planning to launch an annuity plan during the course of the year. The company unveiled its maiden market-linked product, Kotak Safe Investment Plan (KSIP), on Saturday.
Investors will have the option to choose between money market, government papers, balanced or growth options when they purchase the investment-cum protection plan where the premium paid by them is converted into units and invested according to their choice.
OM Kotak