The Telegraph
 
 
IN TODAY'S PAPER
CITY NEWSLINES
 
 
ARCHIVES
Since 1st March, 1999
 
THE TELEGRAPH
 
 
Email This Page
Kotak policy offers host of benefits

Calcutta, May 16: Tax relief under section 88, full-life cover, exemption from capital gains tax, returns of investment in equity and to top it all, a guaranteed ‘sum assured’ at the end of the term.

Might sound like a pipe dream, but that’s what OM Kotak Mahindra Life Insurance’s latest policy — Kotak Safe Investment Plan — offers. The scheme was launched in Calcutta today.

Under the scheme, the policyholder could choose to invest up to 80 per cent of the premium in equity and the balance, in fixed-income securities. However, depending on market conditions, the insurance company could limit the investment in equity at 40 per cent of the premium.

“Long-term investments in equity can give significantly better returns than fixed-income securities. Since we are guaranteeing the ‘sum assured’, investors need not worry about the risks of investing in equity,” said Shivaji Dam, managing director of OM Kotak Insurance.

Top
Email This Page