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Insurance and Investment in one plan.
Kotak Lifetime Income Plan
Retirement years are the golden years of life.
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A Non-Linked Non-Participating Immediate 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.
To ensure that you enjoy financially secure retirement years and fulfill your desires Kotak Life Insurance presents Kotak Lifetime Income Plan – A non-linked and nonparticipating immediate annuity plan that gives you / your members the assurance of regular stream of income throughout life.
Provides regular payouts to meet your post-retirement financial needs.
Plan has six annuity options to suit various customer needs. You can choose the option that suits you best.
Monthly, quarterly, half-yearly and yearly income payment modes are offered to suit your financial needs.
#For policy purchased as QROPS through transfer of UK tax relieved assets
*New Customers are customers who intend to purchase the annuity plan separately and not using the proceeds of any of the Kotak Life’s Pension Plans / Superannuation fund(s)
Minimum: 0 years
Maximum: 99 years
Minimum: New customers*: 35 years
Existing KLI Pension Plan Policy Holders: 18 years
Maximum: 99 years
*New Customers are customers who intend to purchase the annuity plan separately and not using the proceeds of any of the Kotak Life’s Pension Plans / Superannuation fund(s)
Minimum: any amount that ensures minimum monthly annuity of Rs.1000 (per member for superannuation fund)
Maximum: no limit
Monthly : Rs. 1,000
Quarterly : Rs. 3,000
Half-yearly : Rs. 6,000
Yearly : Rs.12,000
Yearly, Half-yearly, Quarterly, Monthly
Mode | Annuity instalment (per frequency) |
---|---|
Yearly | 100% of yearly annuity |
Half-yearly | 97% of yearly annuity x 1/2 |
Quarterly | 96% of yearly annuity x 1/4 |
Monthly | 95% of yearly annuity x 1/12 |
Download the brochure to know more about the plan and how it can benefit you.
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.
You may avail of tax benefits under Section 80CCC of Income Tax Act, 1961. Income paid by the annuity is taxable in the hands of the customer. Taxes applicable are subject to change in tax laws. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
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.
Kotak Lifetime Income Plan UIN: 107N103V08, Form No: N103, Ref. No.: KLI/21-22/E-WEB/1469
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
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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