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Kotak Saral Pension

​A Single Premium Non-Linked Non-Participating Individual 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.

Ensure a peaceful retirement life by investing in “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.

Key Features

  • Option to invest in:

    Option to invest in:

    • Life Annuity with Return of 100% of Purchase price, OR
    • Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor

  • Issued annuity rates are guaranteed for lifetime

    Issued annuity rates are guaranteed for lifetime

  • Option to Surrender your Policy on diagnosis of Critical Illnesses

    Option to Surrender your Policy on diagnosis of Critical Illnesses


  • Eligibility

    Age criteria

    Annuitant: Minimum: 40 years | Maximum: 80 years

    Spouse: Minimum: 40 years | Maximum: 80 years

  • Eligibility

    Single premium

    Minimum - Any amount that ensures minimum monthly annuity of Rs.1000

    Maximum – No Limit

  • Eligibility

    Minimum Annuity

    Monthly: Rs.1000 per month

    Quarterly: Rs.3000 per quarter

    Half-Yearly: Rs.6000 per half year

    Yearly: Rs.12000 per annum

  • 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


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

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Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

You may avail of tax benefits under Income Tax Act, 1961 subject to conditions as specified in those sections. Benefit payments under annuity policy may be subject to taxes as per the prevailing tax laws on the date of payment and as per the Annuitant’s / legal heir’s taxable income slabs. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

Terms & Conditions:

Kotak Saral Pension; UIN: 107N124V01, Form No: N124. This is a single premium non-linked nonparticipating individual immediate 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 befor e concluding a sale. Ref. No.: KLI/21-22/E-WEB/449

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:; Email:; Toll Free No: 1800-209-8800


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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