No. Oppo K1 does not have the always-on display.
Yes, Oppo K1 does have the Corning Gorilla Glass 5 protection.
Yes, Oppo K1 has the in-display fingerprint scanner.
No. Oppo K1 does not have the notification indicator light.
Yes, you can record 4K videos on Oppo K1.
Keeping in mind that the Oppo K1 is the only phone with an in-display fingerprint sensor in its price band, the launch price of Rs. 16,990 is not too bad.
At the price, it has great performance, a good battery, impressive cameras and much more. It is also the cheapest smartphone you can get with an in-display fingerprint sensor.