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A plan that offers immediate or deferred stream of income

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Retirement years are the golden years of life.

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Kotak Assured Pension

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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.

How it works

  • insurence plan

    Step 1

    Choose between Immediate/Deferred Annuity basis your requirement

  • insurence plan

    Step 2

    Choose the Annuity Option as per your requirement

  • insurence plan

    Step 3

    In case of Deferred Annuity, choose Deferment Period

  • insurence plan

    Step 4

    Choose the Annuity Payout Frequency

  • insurence plan

    Step 5

    Choose the Premium Payment Term and Premium Payment Frequency

  • insurence plan

    Step 6

    Provide your Age and Pay the Premium

Key Features

  • Immediate Annuity

    Immediate Annuity

    • 8 Options to choose from
    • Flexibility to avail additional annuity payout through Top Up
    • Issued annuity rates are guaranteed for lifetime
    • Higher Annuity Rates for Higher Premium
  • Deferred Annuity

    Deferred Annuity

    • 2 Options to choose from
    • Option to choose Single or Regular or Limited Premium Payment Term
    • Flexibility to choose Deferment Period between 1 – 10 years basis on your annuity requirement
    • Guaranteed@ Additions accrued during the Deferment Period
    • Lump-sum amount payable on Death of Surviving Annuitant during & after the Deferment Period
    • Issued Annuity Rates are guaranteed for lifetime
    • Higher Annuity Rates for Higher Premium


  • Eligibility
    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
  • Eligibility

    Entry age for Nominees of deceased KLI Pension Plan policyholders (Last Birthday)

    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

  • Eligibility


    Min: Any amount that ensures minimum monthly annuity of ₹1000 for the chosen annuity option to an annuitant.

    Max: No Limit.

  • Eligibility

    Premium Payment Option

    Immediate Annuity Options: Single Pay Deferred Annuity Options: Single / Limited / Regular Pay

  • Eligibility

    Premium Payment Term

    Single Pay: One-time Payment

    Limited Pay:

    5 - 9 years (PPT should be less than Deferment Period)

    Regular Pay:

    5 - 10 years (PPT should be equal to Deferment Period)

  • Eligibility

    Premium Payment Frequency*

    Premium Payment Frequency

    Modal Factor


    100% of Yearly Annuity


    51% of Yearly Annuity x 1/2


    26% of Yearly Annuity x 1/4


    8.8% of Yearly Annuity x 1/12

  • Eligibility

    Minimum Annuity

    Monthly : ₹1,000 || Quarterly : ₹3,000

    Half-Yearly : ₹6,000 || Yearly : ₹12,000

  • Eligibility

    Annuity Modes

    Yearly, Half-yearly, Quarterly, Monthly

  • Eligibility

    Annuity Installment (per frequency)


    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


Download the brochure to know more about the plan and how it can benefit you.

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Policy FAQs

Read about Tax benefits & Plan Disclaimer

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: 107N123V07, 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/23-24/E-WEB/2329

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: | 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.


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.

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