Kotak e-Term Plan
Kotak e-Term Plan provides a high level of protection to your loved ones in your absence.
Kotak Guaranteed Savings Plan
Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality.
Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs.
Kotak Health Shield
Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability.
Kotak Lifetime Income Plan
Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime!
Whether you have a booming business or a secured job in the government or private sector, your income is bound to fall once you retire. A good retirement/pension plan can help you plan your finances for the post-retirement years to stay self-reliant and enjoy your retired life. Read further to explore the different types of retirement plans available in the market.
Post-retirement time is an excellent opportunity to focus on your happiness, pursuing hobbies, spending time with friends, and most importantly, having good leisure time. But it is crucial to have an income source post-retirement to make the most of your time without worrying about your living expenses. Retirement plans or pension plans that banks and financial institutions offer can be a great way to secure your post-retirement years financially. It is a kind of investment plan that allows you to grow your funds over the years, which is paid back in monthly, quarterly, or yearly pensions. But before opting for a plan, it is essential to understand the different types of retirement plans to select a suitable one.
Let’s look at some of the common types of pension plans available in the market-
The features of the different types of retirement plans discussed above, though distinct, can overlap under a single policy. For example, a traditional plan or an immediate annuity plan can also offer lifetime income (Life Annuity). In our discussion above, we have included the generic features of these plans, but detailed terms and conditions may vary with different banks/financial institutions. Hence, you must carefully study the offerings of each plan before buying one.