Kotak Mahindra launches Headline Child plans
New Delhi, Nov 21: Kotak Mahindra Old Mutual Life Insurance Limited today launched investment-cum-insurance unit-linked plans targeted at parents in the age group of 30-45 years living in metros and mini metros.
The Headstart Child Plans are available in two variants, Future Protect, an investment and risk protection package and Assure Wealth, to help build substantial corpus for the future of the child.
''This new plan is the best way to secure a child's future and fulfill his ambitions. Headstart Child Plans is an important milestone for us in our portfolio. An innovative offering in the product is the Dynamic Floor Fund (DFF), which offers embedded investment advice in one single fund,'' Kotak Life Insurance Managing Director Gaurang Shah said.
The fund promises for long term capital growth while providing capital protection in cases of volatile market behaviour. Through the use of a quantitative risk model, the fund aims to profit from a rising share market and protect against capital losses in a weak market.
DFF is an ideal market entry fund for investors, who are looking for a fund which is hassle-free and provides them market returns with adequate amount of protection, Mr Shah added.
The plans also include other features such as Joint Life Option, which enables the investor to pay for only as much protection as one needs, Loyalty Units, for reward for long term savings and option of saving for two children with one plan.
Kotak Life Insurance with distribution network of 60 branches, engages over 18,000 Life Advisors across 41 cities.