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Details :
| I am attaching herewith an excellent Kotak Head start Child Plan where you can avail the foll. Benefits:
1. If you pay Rs 100,000/- for 4 yrs the amount guaranteed on death as mentioned in illustration will be minimum Rs 14,00,000/- from the first yr onwards.
2. Equity exposure upto 100%
3. Income tax benefit u/s 80c
4. Profit is non taxable u/s 10(10D)
5. Partial withdrawals allowed after 3 yrs of paying premium
6. Two children can be covered in one plan
7. Inbuilt riders
8. Option of 7 funds available, Dynamic floor fund being the latest
9. Excellent returns.
I am attaching herewith the illustration where its a policy of 13yrs & you have to pay the premium only for 4 yrs and after 4 yrs you have an option of banking your money i.e.. partial withdrawal. And inspite of paying the premium only for 4 yrs you have handsome returns after 13yrs.
Investment
1st yr 100,000/-
2nd yr 100,000/-
3rd yr 100,000/-
4th yr 100,000/-
Total invested premium 400,000 /-
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Benefits@ 10% after 13yrs- your fund of Rs 4,00,000/- increases to 8,61,042/- aprox
Benefits@ 15% after 13yrs- your fund of Rs 4,00,000/- increases to 12,91,563/- appx
Benefits@ 20% after 13yrs- your fund of Rs 4,00,000/- increases to 17,22,084/- appx
Benefits@ 25% after 13yrs- your fund of Rs 4,00,000/- increases to 21,52,605/- appr
No doubt you have to invest Rs 4, 00,000/- for 4 yrs but look at the benefits that you are going to avail after 13yrs when your child becomes a major. It can be used for his higher studies or for marriage. It’s mainly for his better future. It’s a kind of savings that you will be doing it for him.
It’s the best plan today in the market today. |
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| Posted on : 16-Dec-2007 | Viewed : 48 times |
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