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  • Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Kotak Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.

  • Kotak Lifetime Income Plan

    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!

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Kotak Assured Pension

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

  • Step 1

    Choose between Immediate/Deferred Annuity basis your requirement

  • Step 2

    Choose the Annuity Option as per your requirement

  • Step 3

    In case of Deferred Annuity, choose Deferment Period

  • Step 4

    Choose the Annuity Payout Frequency

  • Step 5

    Provide your Age and Pay the Initial Purchase Price

Key features

  • 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 Purchase Price

  • Deferred Annuity

    • 2 Options to choose from
    • 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 Purchase Price

Eligibility

  • Primary & Secondary Annuitant Minimum
    Entry Age Immediate Annuity Options Deferred Annuity Options
    New / Existing Individual Customers 45 years 45 years
    Policy purchased as QROPS 55 years 55 years – Deferment Period (in years)
    Existing Individual KLI Pension Plan Policyholders 18 years 18 years
    Maximum
    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
  • 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

  • Initial Purchase Price

    Min: Any amount that ensures minimum monthly annuity of ₹1000 for the chosen annuity option to an annuitant /member of the superannuation scheme

    Max: No Limit.

  • Minimum Annuity​

    Monthly : ₹1,000 || Quarterly : ₹3,000
    Half-Yearly : ₹6,000 || Yearly : ₹12,000

  • Annuity Modes​

    Yearly, Half-yearly, Quarterly, Monthly

  • Annuity Installment(per frequency)

    Mode Annuity Installment (per frequency)
    Yearly 100% of Yearly Annuity
    Half-yearly 97% of Yearly Annuity x 1/2
    Quly 96% of Yearly Annuity x 1/4
    Monthly 95% of Yearly Annuity x 1/12

Downloads

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

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Get Answers to the commonly asked questions

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. @Guaranteed if the policy is in force and all premiums are paid in full.

Terms & Conditions:

Kotak Assured Pension UIN: 107N123V02, 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/21-22/E-WEB/645 Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN: U66030MH2000PLC128503; Regd. Office: 2nd Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Website:https://www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No: 1800-209-8800

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.

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