Description: Kotak Safe Investment Plan is an investment cum insurance plan, where your money will be invested in capital markets and you get market-linked returns. This plan assures you of a minimum guaranteed amount in case of death or on maturity. Thus, this plan provides you dual benefit, firstly it invests your money in capital markets, and gives you an opportunity to make high returns, and secondly it protects your downside. All gains from the markets are yours to take and in case the markets do not perform well, you would still get back the Guaranteed Sum Assured.

Benefits:
1)Death Benefit: In the unfortunate event of death of the life insured, the beneficiary would receive either the Sum Assured or the market value of the units, whichever is higher.
2)Accidental Death Benefit: In the event of accidental death of the Life Insured an additional amount (over and above the sum assured) will be provided to the beneficiary. The maximum cover available under this benefit is equal to the basic sum assured (subject to a maximum of Rs.10 lakhs).
3)Permanent Disability Benefit: In case of permanent disability due to an accident, this benefit will provide financial support. The amount payable under this benefit would be paid out as an annuity. The maximum Permanent Disability Benefit that you can avail of is equal to the basic sum assured (subject to a maximum of Rs. 10 lakhs).
4)Critical Illness Benefit: This benefit can be added to the basic life insurance plan to provide financial support in the event of medical emergencies. On the first occurrence of critical illness during the term of the plan, you would receive a portion of the sum assured to reduce your financial burden in this emergency. The maximum Critical Illness Benefit that you can avail of is equal to half the basic sum assured (subject to a maximum of Rs.20 lakhs).
5)Maturity Benefit: As maturity benefit, you will receive either the Sum Assured or the market value of the units,whichever is higher.
6)Flexibility: You have complete flexibility to switch your moneys (or a part of it) from one fund to the other. You may switch your funds any number of times during the term of the plan, at daily declared selling and buying prices.

Eligibility: