Cheapest ULIP - Zero Allocation Charges : Kotak Smart Advantage Plan

 

 Zero Allocation Charges offering policy supports the ULIP to reduce their disadvantage of higher charges than Mutual fund. Zero Allocation charges means 100% of your premium is going to use for investment purpose after
subtracting other nominal charges from 2nd yr. onwards.

TO KNOW MORE ABOUT THIS PLAN OR OFFERS ON THE PLAN: Call Himanshu

This is a triple A ( Advantage )policy.
A. Fixed Advantage benefit is nothing but guaranteed returns of up to 275% of your 1st yr. premium at maturity.

A. Dynamic Advantage i.e. assuring additional bonus to fund value at the end of every 10th, 15th, 20th, 25th & 30th policy yr.

A. Investment funds are only Large cap or mid cap fund ,allowable by IRDA. Out of that Opportunity Fund gives highest return & Dynamic Floor Fund Assuring downwards NAV by restricting max. 10% reduction from last year irrespective of n no. of loss bear by the market..

Kotak introduced Smart Advantage policy to chuck the Mutual Fund Benefits with traditional bonus.
This policy provides lots of befits viz. no allocation charges from
2nd yr. onwards, the addition of Fixed Advantage & Dynamic Advantage gives 854 % of first yr. premium , On maturity investor will be receivable Fund Value + Fixed Advantage + Dynamic Advantage.
These Advantages can be fully enjoyed by those investors who are wish to invest for long term period.

TO KNOW MORE ABOUT THIS PLAN OR OFFERS ON THE PLAN: Call Himanshu  Major benefits:-

Fixed Advantage:
Due to 100 % premium allocation from 2nd year onwards. Company is going to block your 1st year premium & that premium is payable by the company at the time of maturity with high rate of return.
(For the period of 30 yrs, the return will be 275 % of 1st year premium.)

Dynamic Advantage:
It is additional assured bonus which added to your fund value at the end of every 10th, 15th, 20th, 25th & 30th policy year.

Maturity Benefit:
On Maturity receivable amount is Fund Value + Fixed Advantage + Dynamic Advantage. The addition of Fixed Advantage & Dynamic Advantage gives 854 % of first yr. premium

TO KNOW MORE ABOUT THIS PLAN OR OFFERS ON THE PLAN: Call Himanshu

OTHER BENEFITS:

Death benefit:
In the unfortunate event of loss of life, beneficiary will receive a benefit equal to the higher of the (1) basic sum assured or (2) fund value plus fixed advantage benefit.

Options:
Options are available for investments with the combination of equity & debt, as per your risk return profile. You also can switch your money as per your need.

Top-Up facility:
Top – Up facility is available. When policy holder is having some extra amount & willing to invest in the same policy, this facility is called Top-Up facility.

TO KNOW MORE ABOUT THIS PLAN OR OFFERS ON THE PLAN: Call Himanshu

CHARGES:

Premium Allocation Charge: No allocation charge from 2nd year onwards.

Administration Charge: No administration charges for the 1st year. & afterwards it will be 65 p.m., inflating by 5% p.a. each year policy.

Fund Management charges: From 1.2% - 2.0% p.a. on fund value. (Depending upon different funds.)

CONCLUSION:

Life coverage, No Allocation Charges from 2nd yr. onwards , Blocking the 1st yr. premium by the company , combination of Fixed advantage & Dynamic Advantage , Investment in Opportunity Fund or Dynamic Floor Fund etc. ,these bundles of Advantages are mostly beneficial for those investors who desire to make an investment for long period of time.

TO KNOW MORE ABOUT THIS PLAN OR OFFERS ON THE PLAN: Call Himanshu