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Kotak Guaranteed Fortune Builder
A plan that offers guaranteed income for your future goals.
Kotak e-Term
Protect your family's financial future.
Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and life cover.
Kotak e-Invest
Insurance and Investment in one plan.
Kotak Lifetime Income Plan
Retirement years are the golden years of life.
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You like to live life king size. Why should that change when you retire and have all the time to enjoy the thrills of life? Choose a Retirement Plan and instead of limited possibilities, open your doors to limitless fun and security.
A sense of self-reliance
Relaxed retired life
Assurance of savings
Emotional wellbeing
Retirement planning refers to a multi-step process of defining retirement income goals and the strategy required to achieve the said goals. In general terms, retirement planning involves making financial strategies to save, invest and distribute money for your sustenance and survival during retirement.
Retirement planning is not limited to assets and income. It includes a holistic evaluation of these, along with future costs, liabilities and overall life expectancy. Ideally, it is a life-long process, which can be started at any time. However, it is always best to plan your retirement years well and much in advance.
Retirement planning is a crucial process to ensure you enjoy the non-working years of your life. For this, you need to invest in a reliable retirement plan so that you are secured for life.
Retirement plans are reliable financial security solutions, that helps you secure your future financially. The purpose of a pension plan is to safeguard the future years of life and secure a regular income after retirement. A good retirement plan can help maintain your living standard, as well as combat the rising inflation and the overall high cost of living.
A pension plan is a very popular retirement tool. Some of its most significant features and benefits include:
Below are the documents necessary to buy the best retirement plan:
Requirements | Document Type |
---|---|
Age Proof | Birth Certificate Driving License Passport High School Certificates Aadhar Card |
Identity Proof | Aadhar Card PAN Card Driving License |
Address Proof(any one) | Passport Driving License Telephone Bill-latest within 6 months Electricity Bill-latest within 6 months Aadhar Card |
Income Proof(any one) | Latest Salary Slip-3 month Bank Account Statements of latest 6 months-- only if salary credit is reflecting with employer name Income Tax Return (ITR) documents of last 3 years |
Medical Condition Proof | In some cases, insurers demand recent medical reports before purchasing the retirement plan. |
Kotak Life offers retirement plans so that you are assured of a relaxed retired life. The assured returns and host of features guarantee^ complete financial and mental well-being in your golden years.
Let us look at the four Kotak Life retirement plans:
This is a traditional participating pension plan that offers assured benefits on the vesting or death of the policyholder. The basic features of the plan are:
This is an Annuity Plan that promises to pay a regular stream of income on a regular basis:
This is an Annuity Plan that gives you the assurance of a regular stream of income throughout your lifetime:
Features
Ref. No. KLI/23-24/E-BB/1052
You may avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. Customer is advised to take an independent view from tax consultant.
Kotak Lifetime Income Plan; UIN: 107N103V08, Form No: N103 This is a non-participating immediate annuity plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
Kotak Premier Pension Plan UIN: 107N094V02, Form No: N094. This is a Participating non-linked Pension Plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Kotak Assured Pension UIN: 107N123V03, Form No: N123. This is a non-linked, non-participating annuity plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Kotak Saral Pension; UIN: 107N124V01, Form No: N124. This is a single premium non-linked non participating individual immediate annuity plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on riders, please read the Rider Brochure.
^Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force.
Kotak Mahindra Life Insurance Company Ltd.
Reg No. 107 | CIN : U66030MH2000PLC128503
Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051, Toll Free: 1800 209 8800
Website: www.kotaklife.com | WhatsApp: 9321003007 | Email: kli.in/WECARE | Ref. No. KLI/22-23/E-WEB/1250
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
Extract of Section 41 of the Insurance Act, 1938 as amended from time to time states: (1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. (2) Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakhs rupees.
Fraud and Misstatement would be dealt with in accordance with provisions of Section 45 of the Insurance Act, 1938 as amended from time to time. Please visit our website for more details: Read more about section38_39_45_of_insurance_act_1938
Browse through the following plans to know more
Kotak Premier Pension Plan helps you accumulate enough wealth for your retirement, while you are earning sufficiently and also offers assured benefits on death and vesting.
Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!
A single premium non-linked and nonparticipating individual immediate annuity plan that gives you the assurance of regular stream of income throughout your lifetime.
Kotak Assured Pension is an annuity plan that promises to pay a regular stream of income on immediate basis or post deferment period for life, ensuring a worry-free retirement.
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