Close
Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak Guaranteed Fortune Builder

A plan that offers guaranteed income for your future goals. Know more

Kotak e-Term

Protect your family's financial future. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and life cover. Know more

Kotak e-Invest

Insurance and Investment in one plan. Know more

Kotak Lifetime Income Plan

Retirement years are the golden years of life. Know more

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Kotak Lifetime Income Plan

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.

Key Features

  • Ensures financial independence post retirement

    Ensures financial independence post retirement

    Provides regular payouts to meet your post-retirement financial needs.

  • Offers a wide range of income options suiting different retirement needs

    Offers a wide range of income options suiting different retirement needs

    Plan has six annuity options to suit various customer needs. You can choose the option that suits you best.

  • Allows a range of annuity payout frequencies

    Allows a range of annuity payout frequencies

    Monthly, quarterly, half-yearly and yearly income payment modes are offered to suit your financial needs.

Eligibility

  • Eligibility

    Age criteria

    • Minimum: New customers*: 45 years / 55 years#
    • Existing KLI Pension Plan Policy Holders: 18 years
    • Maximum: 99 years

    #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)

  • Eligibility

    Entry age for nominees of deceased KLI pension plan policyholders (last birthday)

    Minimum: 0 years

    Maximum: 99 years


  • Eligibility

    Spouse entry age* (last birthday) (applicable for options 4, 5 & 6)

    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)


  • Eligibility

    Single Premium

    Minimum: any amount that ensures minimum monthly annuity of Rs.1000 (per member for superannuation fund)

    Maximum: no limit

  • Eligibility

    Minimum Annuity

    Monthly : Rs. 1,000

    Quarterly : Rs. 3,000

    Half-yearly : Rs. 6,000

    Yearly : Rs.12,000

  • Eligibility

    Annuity Modes

    Yearly, Half-yearly, Quarterly, Monthly

  • Eligibility

    Annuity Instalment (per frequency)

    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

Downloads

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

Need help with life insurance?

Request a Life Advisor

Select Plan
Select City
New

Get details of your policy on WhatsApp

Send a "Hi" to 93210 03007, from your registered mobile number.

Get in touch with our Customer Care team

Click Here

Call on retail toll free number 1800 209 8800
Timings : 08:00 AM to 10:00 PM (Monday to Saturday) (excluding public holidays)

Call our toll free number and our representatives will assist you with all your queries.

Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

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.

Terms & Conditions:

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.

Similar plans

  • Kotak Premier Pension Plan

    Kotak Premier Pension Plan

    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.

    Know more
  • Icon for protection in retired life

    Kotak Saral Pension

    A single premium non-linked and nonparticipating individual immediate annuity plan that gives you the assurance of regular stream of income throughout your lifetime.

    Know more
  • Icon for disability rider on Kotak Insurance Plans

    Kotak Assured Pension

    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.

    Know more