IN line with IRDA's new charge structure for ULIPs, Kotak Life has launched a ULIP, which offers guaranteed maturity addition of up to 280% of your first year premium. The fixed return of the first year premium ranges from 110% for 10-year policy to 280% on a 30-year policy. The Kotak Super Advantage, which has replaced its earlier ULIP plan called Kotak Smart Advantage, claims 100% allocation of your premiums from the second year onwards. Besides, the ULIP offers assured bonus addition to enhance your fund value at maturity, the life insurer said in a statement. This benefit is calculated as 3% of the average Fund Value of the last three policy years. This ULIP offers five fund options to customers on the basis of their risk appetite.
Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 Mutual Fund Exit Load Changes AMCs don't communicate about any change in exit load directly with investors, but do update on their website The exit load applicable to your investments is the load which existed at the time when you invested in the particular fund. Any subsequent changes in the exit load will not be applicable to your investments. However, Asset Management Companies ( AMCs ) periodically publish addendums in the newspapers, which state any change in exit loads of specific schemes managed by them. Such changes are also posted on their websites. However, a direct communication to an investor is not made, considering the costs involved in doing so. In their own interests, investors should not only track the performance of the funds they i...
