Kotak Life - Kotak Smart Advantage

Kotak Smart Advantage is an insurance cover and an investment plan combined to give you better returns for the future. It is a long term plan where your amount is allocated in market linked funds. Thus you get a good amount of money at the end of term. This builds a good amount of corpus for your future needs. This plan comes with up to 100%* premium allocation. The 100% premium allocation is only from second year that too when the annual premium is over INR 36,000. Point to be noticed is that the first year's premium does not get allocated towards the fund. This plan claims to give up to 275% assured return on the first year's premium. This plan comes with a premium payment term (PPT) of 3 to 30 years.

Benefits:
1. You get assured bonus additions at regular intervals.
2. Tax benefits under section 80C and section 10(10D) of the Income Tax Act.
3. It offers guaranteed returns of up to 275% on your first premium on maturity.
4. The plan offers a choice of top-ups which can be added to your portfolio.
5. There is a choice of paying the premiums at different intervals which are monthly, quarterly, half-yearly and annually.
6. It also a choice of either switching between funds or a partial withdrawal can be made.

Maturity Benefits

Parameters	Minimum	Maximum
Age at Entry	0 years	65 years
Maturity Age	18 years	75 years
Minimum Premium	Regular – Rs 10, 000 p.a., Limited – Rs 36, 000 p.a.

Let us first answer a few questions that would help us in understanding the policy better

1. What do you mean by guaranteed 275% return on first year's premium?
   First year's premium that you pay for the policy does not get allocated to your fund, but will contribute towards fixed return at maturity. This fixed return could be from 100% (for PPT of less than 10 years) up to 275% (for PPT of 30 years). To get this fixed return it is necessary that you have paid all the due premiums. If all the premium are not paid the fixed return is reduced proportionally.
2. Is this fixed return good?
   In case you had put this money in fixed deposit earning a post tax interest of 5%, your money would have given a return of over 400% over 30 years where as this plan is giving only 275%.
3. Does the plan really give 100% premium allocation?
   Technically it does. But as seen in the above two questions this in not entirely true. As the first year premium is not allocated to the fund and gives return far below the average interest rate, considering a 5% post tax interest rate you can assume about 40% of your first year premium is lost. Also from second year 100% allocation is done only if your yearly premium is above INR 36,000.
4. Are there any other charges?
   Like any other ULIP, the following charges are also applicable:
   • Fund Management charges: Between 1.2 to 2.0% of the fund value depending on the type of fund.
   • Administrative charges: Rs. 65 per month (Rs. 780 per year). Can increase by 5% every year.
   • Mortality charges: Comparable to other plans. Get periodically subtracted from the fund value.
   • Surrender charges: Applicable only if policy gets surrendered with in first eight years.
5. Can partial withdrawal be done?
   Partial withdrawal can be made anytime after the third year. Charges of partial withdrawal is same as policy surrender. If more than 10% of the fund value is withdrawn it affects your fixed return at maturity.
6. What are the Settlement options?
   Upon maturity or mortality, the plan gives the option of  lump sum settlement or Equal installment over a period of up to 5 years. This feature becomes important if your policy maturing coincides with fall in stock market. In such a case, you might not want the fund value to be withdrawn. You can opt for equal installment giving your fund to increase in value before settlement.
7. What additional benefits are available?
   Loyalty bonuses, although small, are provided every five years after the tenth year.

Verdict

1. The plan claims to give fixed return, which is small as compared to a fixed deposit even for a PPT of 30 years. It is even worse for shorter PPT.
2. This plan also claims to give 100% premium allocation but does so only from the second year
3. Gives loyalty bonus every five years starting from the tenth year.
4. Has option of top-ups. Allows you to invest some extra amount in your policy if you feel it appropriate.
5. Gives option of investing in three different funds: Aggressive, Cautious and Conservative funds.

Overall the plan is worth investing only if you are ready to give a long term commitment as shorter PPTs will reduce your fixed return of the first year's investment. If you are one of those who like to time the market by investing extra in top-ups and delaying settlement, this can be a good plan for you. Please read the offer document carefully before investing.

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Overview on Unitech The Residences Gurgaon: Price starting 28 Lac onwards

Overview on Unitech The Residences Gurgaon

Uniworld Resorts is a premium residential development which promises to transcend you into a magical place, where each day is a vacation. The Residences offers you options of 1, 2 & 3 bedroom apartments overlooking in the sprawling greens. An impressive silhouette of 25 free standing towers against a clear blue sky. The Residences at Uniworld Resorts offers panoramic view of its landscaped surroundings. The area boasts of premium health centres, commercial offices, shopping complexes, education facilities & much more in the vicinity.

For details:

SMS "finvest" 56070

info@finvestguru.in

Amenities         Description Available in Unitech The Residences Gurgaon

Features       Lawn tennis court         Open badminton court         Sand Pits         Tot lots with kids playing equipments         Shopping         Schools         Sports cum cultural club

About Developer Unitech Group

The Rs 1600 crore Unitech Group is one of the major township planning and real estate development companies in India and has a diverse business portfolio of heavy construction, leisure and entertainment projects, hospitality business and residential property developments.

Price of Unitech The Residences Gurgaon

Type Size(Sqft) Price PSqft(Rs) Amount(Rs) Booking Status Specials 1 BHK 825 3395 28,00,875 10% Booking Open Incl EDC/IDC & also Dis.of Rs. 2 BHK 1095 3395 37,17,525 10% Booking Open Incl EDC/IDC & also Dis.of Rs. 2 BHK 1100 3395 37,34,500 10% Booking Open Incl EDC/IDC & also Dis.of Rs. 3 BHK + SQ 1535 3395 52,11,325 10% Booking Open Incl EDC/IDC & also Dis.of Rs. 3 BHK + SQ 1545 3395 52,45,275 10% Booking Open Incl EDC/IDC & also Dis.of Rs. 4 BHK + SQ + ST 1850 3395 62,80,750 10% Booking Open Incl EDC/IDC & also Dis.of Rs. 4 BHK + SQ + ST 1870 3395 63,48,650 10% Booking Open Incl EDC/IDC & also Dis.of Rs.

Payment Plan/Booking Procedure for Unitech The Residences Gurgaon

Book your apartment in Uniworld Resorts-The Residence in few easy steps below. 1) Identify your apartment out of the availability. 2) Booking as applicable,Cheque in the name of "Unitech Residential Resorts Ltd.- Residences SalesA/C". 3) Receive booking confirmation, Receipts from Unitech 4) Any queries, contact InvestInNest customer support in your respective country at numbers mentioned below. DOWN PAYMENT PLAN(Rebate 10% on Basic Price) At the time of Application for Allotment : 10% of BSP Within 45 Days Of the date of Registration : 85% of BSP+ PLC + Parking + 50% of CMRC On Final Notice Of Possession : 5% of BSP + 50% of CMRC + Stamp duty fees and other charges as applicable Construction Linked Installment Payment Plan At the time Of Registration of Application for Allotment: 10% of BSP Within 3 Months of Allotment: 10% of BSP On Commencement Of Construction: 10% of BSP+ 50% of PLC On Casting of Ground Floor Roof: 10% of BSP+ 50% of PLC On Casting of Third Floor Roof: 10% of BSP+ 50% of CMRC On Casting of Sixth Floor Roof: 7.5% of BSP+ 50% of Parking On Casting of Ninth Floor Roof: 7.5% of BSP+ 50% of Parking On Casting of Twelve Floor Roof: 7.5% of BSP On Casting of Top Floor Roof: 7.5% of BSP On Completion of Masonry Work in the Apartment: 5% of BSP On Completion of Internal Plastering in the Apartment: 5% of BSP On Completion of Flooring Within Apartment: 5% of BSP On Notice of Possession: 5% of BSP +50% of CMRC+ Stamp Duty Fees and other charges are applicable Preferential Location Charges(PLC) For Ground Floor: Rs.75/-per sq.ft. For 1st Floor: Rs. 60/-per sq.ft. For 2nd Floor: Rs. 50/-per sq.ft. For Corner: Rs. 50/-per sq.ft. For Landscape Facing: Rs. 50/-per sq.ft. (applicable upto G+7th Floor) Other Charges Interest Free Maintenance Security Deposit: Rs. 50/-per sq.ft. Car parking Space Covered : Rs.1,90,000/-per parking Open: Rs.1,15,000/-per parking Club Membership Registration Charges : Rs.50,000/- One covered car parking for 1/2 BHK and one covered & one open car parking for 3BHK+SQ is mandatory

 

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Tata AIG Life InvestAssure Apex

	Tata AIG Life InvestAssure Apex is a unique unit linked life insurance plan that provides a platform ensuring the upside potential of the equity markets while safeguarding the investor's interest by offering a Guaranteed Maturity Unit Price (GMUP)#. This product is available for a limited period only. IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Key Features:
	Premium payment option of 3 years Policy benefits for 10 years Unique feature of Guaranteed Maturity Unit Price (GMUP) # Option of partial withdrawal Key Benefits: Pay for 3 years and enjoy benefit for 10 years GMUP# gives you a benefit of NAV (Net Asset Value) insurance that means your NAV is guaranteed in case of market volatility. Life cover to protect your loved ones from financial uncertainty Flexibility of partial withdrawal to meet your liquidity needs Riders: Option to attach any of the 3 following riders at a nominal extra cost - Tata AIG Life Accidental Death Benefit (ADB) Rider (UIN 110C003V01), Tata AIG Life Accidental Death and Dismemberment (ADDL) (Long Scale) Rider (UIN 110C004V01) or; Tata AIG Life Critical Illness (Lump Sum) Rider (UIN 110C012V01). Eligibility Criteria: Minimum issue age of 18 years, maximum issue age of 70 years with maximum age at maturity of 80 years. Minimum Premium: Rs.90,000 p.a. Minimum Sum Assured: 5 * Annualized Premium Maximum Sum Assured: 60 * Annualized Premium Premium payment mode: Annual only Tax Benefits • Premiums paid under this plan are eligible for tax benefits under section 80C of the Income Tax Act, 1961. Premium paid towards Tata AIG Life Critical Illness Lump Sum Benefit Rider is eligible for tax benefit U/s 80D of the same act. Moreover, life insurance proceeds enjoy tax benefits as per section 10(10D) of the said Act. #GMUP: "Guaranteed Maturity Unit Price" means the highest Unit Price of the Apex Return Lock-in Fund II recorded on the one hundred (100) Reset Dates. The Unit Price is Rs. 10 on the first Reset Date. The Guaranteed Maturity Unit Price is applicable to the Apex Return Lock-In Fund II and for the purpose of determining the Maturity Benefit only.

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