Kotak e-Term Plan
Protect Your family’s financial future with Kotak e-Term Plan.
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 insurance in one premium.
Insurance and investment in one plan with Kotak e-Invest.
Kotak Health Shield
Insurance against medical expenses related to heart, brain, liver and Cancer.
A Non-linked, Non-participating, Life Insurance Annuity Plan
Retirement years are the golden years of life where you would wish to do things that you have only been planning till now or are deferring by giving them lesser priority. It’s a phase where you would want to enjoy doing what you wish without worrying about finances.
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.
The plan will be offered to Individual Customers (Including customers transferring UK tax relieved assets through Qualifying Recognised Overseas Pension Scheme i.e. QROPS), Reverse Mortgage Schemes.
Choose between Immediate/Deferred Annuity basis your requirement
Choose the Annuity Option as per your requirement
In case of Deferred Annuity, choose Deferment Period
Choose the Annuity Payout Frequency
Choose the Premium Payment Term and Premium Payment Frequency
Provide your Age and Pay the Premium
|Primary & Secondary Annuitant Minimum|
|Entry Age||Immediate Annuity Options||Deferred Annuity Options|
|New / Existing Individual Customers / New Group Customers||45 years||45 years|
|Policy purchased as QROPS||55 years||55 years – Deferment Period (in years)|
|Existing Individual KLI Pension Plan Policyholders / Member of Superannuation Fund / Existing Group Customers||18 years||18 years|
|Annuity Options||Maximum Age at Entry|
|All Immediate Annuity Options except Option 6b||85 years|
|Immediate Annuity Option 6b||80 years|
|Deferred Annuity Options (Option 7 & 10)||70 years|
Min: 0 years; Max: 99 years (70 years for Deferred Annuity Option 7 & 10) For nominees of existing pension policyholders,
• “Lifetime Income with Cash-Back on Death or Critical Illness” shall not be allowed if the Nominee is less than 18 years or is above 80 years
• Joint Life Annuity Options shall not be allowed if the Nominee is less than 18 years
Min: Any amount that ensures minimum monthly annuity of ₹1000 for the chosen annuity option to an annuitant.
Max: No Limit.
Immediate Annuity Options: Single Pay Deferred Annuity Options: Single / Limited / Regular Pay
Single Pay: One-time Payment
5 - 9 years (PPT should be less than Deferment Period)
5 - 10 years (PPT should be equal to Deferment Period)
Premium Payment Frequency Modal Factor
Yearly 100% of Yearly Annuity
Half-yearly 51% of Yearly Annuity x 1/2
Quarterly 26% of Yearly Annuity x 1/4
Monthly 8.8% of Yearly Annuity x 1/12
Monthly : ₹1,000 || Quarterly : ₹3,000
Half-Yearly : ₹6,000 || Yearly : ₹12,000
Yearly, Half-yearly, Quarterly, Monthly
Annuity Installment (per frequency)
100% of Yearly Annuity
98% of Yearly Annuity x 1/2
97% of Yearly Annuity x 1/4
96% of Yearly Annuity x 1/12
Send a "Hi" to 93210 03007, from your registered mobile number.
Call our toll free number and our representatives will assist you with all your queries.
Tax Benefits & Disclaimers
You may avail of tax benefits as defined under the Income Tax Act, 1961 subject to conditions as specified in those sections. Payment of Annuities, Surrender Value (if any), Benefit Payout due to Death or due to Critical Illness may be subject to taxes as per the prevailing tax laws on the date of payment and as per the Annuitant’s / Nominee / Legal Heir’s taxable income slabs. Tax benefits are subject to change as per tax laws. Customer is advised to take an independent view from tax consultant. Goods and Services Tax and Cess as applicable shall be levied over and above Total Premium as per applicable tax laws.@Guaranteed if the policy is in force and all premiums are paid in full. Annuity Rate shall be guaranteed throughout the lifetime of Annuitant/ Primary Annuitant/ Secondary Annuitant once the policy has been issued.
Terms & Conditions:
Kotak Assured Pension UIN: 107N123V04, Form No: N123. This is a non-linked, non-participating annuity plan. This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. Ref. No.: KLI/22-23/E-WEB/1454
Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN: U66030MH2000PLC128503;
Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Website: https://www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No: 1800-209-8800
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
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