Kotak Life child plans: No risk, not much gain

Wednesday 07, December, 2011 The life insurance space saw a flurry of launches last month, targeted at children, or rather, their parents. Child plans constitute a major source of premium inflow for life insurers. Kotak Life introduced two child plans - Child Edu Plan and Child Future Plan - last month. Both these plans fall in the category of endowment/money-back products. These products essentially offer bonuses as declared every year in addition to the basic sum assured. Unlike Ulips (unit-linked insurance plans), there is no scope for directing even a part of your premiums towards equities, limiting their (endowment products') return earning capability. On the other hand, those wishing to avoid fluctuation in returns owing to market movements can look at these products if they are convinced about the insurance-cum-investment concept.

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