Retirement Plan in India - Kotak Premier Pension Plan | Kotak Life Insurance
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Kotak Premier Pension Plan

Traditional Participating Pension Plan

Today you are an earning, self-reliant individual, working hard to realize yours’ and your loved one’s dreams. However, tomorrow when you retire, a new phase of your life will start when your income will stop and you might face difficulty in maintaining the same lifestyle that you are having today!

Kotak Life Insurance presents Kotak Premier Pension Plan that helps you to accumulate a retirement kitty for the golden years to help you lead a comfortable and worry-free retirement life. This plan is a participating plan with assured benefits on death and vesting.

Key Features

  • Get Guaranteed@ Additions

    In the first 5 policy years, Guaranteed Additions as percentage of Basic Sum Assured will vest at the end of each financial year and payable either on vesting or on death, whichever is earlier.

  • Earn bonus

    Get bonuses accrued from 6th policy year onwards.

  • Enjoy Assured Benefit

    Get a minimum guaranteed benefit either on death or on vesting equaling 105% of the Total Premiums paid till date of death or vesting (excluding taxes and rider premium, if any).

  • Get Additional Protection through optional riders

    Choose from two rider options to increase the protection levels.

Eligibility

  • Age criteria

    • Entry age: Minimum: 30 years | Maximum: For Regular & Limited Pay: 55 years For Single Pay: 60 years
    • Vesting age: Min: 45 years | Max: 70 years
  • Basic Sum Assured

    • Minimum: 2 lacs
    • Maximum: Subject to underwriting
  • Policy Term

    Regular Pay: 10 - 30 years

    Limited Pay: 10 Pay: 15 - 30 years

    12 Pay: 17 - 30 years

    Single Pay: 10 yrs & 15 years

  • Premium Payment Details

    • Premium Payment Term (PPT):

    Regular Pay: Same as Policy Term

    Limited Pay: 10 and 12 years

    Single Pay

    • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
    • Premium Level: Will depend on Sum Assured levels, age, PPT and Term
  • Premium Modal Factor

    • Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%

Additional Protection with Optional Riders

  • Kotak Accidental Death Benefit Rider

    In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.

    Download
  • Kotak Permanent Disability Benefit Rider

    On total and permanent disability of the life insured due to accident, benefit is paid in installments.

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

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Call on retail toll free number 1800 209 8800 - 10:00 AM to 6:00 PM (Monday to Saturday)

Call on toll free number for Group plans 1800 120 7856 - 10:00 AM to 6:00 PM (Monday to Friday)

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Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

You may avail of tax benefits on the premium paid under Section 80CCC of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Goods and Services Tax shall be levied over and above premium amount as per applicable tax laws.

Terms and conditions

This is a Participating non-linked Pension 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. For details on riders, please refer to the Rider Brochure.

@Guaranteed if policy is in force and all the premiums are paid. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time.

Kotak Premier Pension Plan UIN: 107N094V02, Form No: N094, Kotak ADB Rider UIN - 107B001V03, Kotak PDB Rider UIN- 107B002V03, ADB Form No: B001, PDB Form No: B002, Ref No: KLI/19-20/E-WEB/370

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.

Reg No. 107
CIN : U66030MH2000PLC128503
8th Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website: https://insurance.kotak.com
Email: clientservicedesk@kotak.com

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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