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Kotak Fortune Maximiser

Create wealth through bonus payout from 1st policy year

Kotak Assured Savings Plan

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

Kotak Guaranteed Fortune Builder

A plan that offers guaranteed income for your future goals.

Kotak Get Assured Income Now

A Participating Non-Linked Life Insurance Individual Savings Product

What is Kotak Get Assured Income Now?

Every month you receive your primary income which helps you in meeting your daily needs and requirements. However, this income may not entirely help you meet your dreams. Be it top class education for your children or a luxurious dream vacation or going through the golden years without any financial hassles. There is always a desire to increase your monthly income so that your dreams are met even in case of some unforeseen events.


Now imagine, if you have an additional income stream which will not only help you fast-track your goals but also provide you with life cover to take care of your near and dear ones in case you are not around.


Kotak Life proudly presents “Kotak Get Assured Income Now”, a limited pay participating plan, with Income Benefits starting as early as end of 1st policy month or after the end of the premium payment term; along with the flexibility to accumulate the income benefits and create a legacy for your loved ones, as per this savings plan option chosen. You have multiple plan options which can be customized as per your requirement to help you plan for a better future and lead a stress-free life.

Key Advantages of Kotak Get Assured Income Now?

100% premium allocation

Life Cover
Secure your life and provide financial protection to your loved ones till 85 years

Yearly Additions

Multiple Plan Options:
Flexibiltiy to choose from 3 options to fulfill your goal:
Early Income
Paid-UpAdditions
Premium Saver

Return of Mortality Charges

Early Income Payout:
Income benefits starting as early as end of 1st policy month$
$Depending on the plan option and bonus payout mode chosen

Boost Retirement Savings & Income

Optional Riders:
Comprehensive coverage for yourself & loved ones through 6 Riders*
*By paying additional premiums

Flexible Investment Strategies

Enhanced Benefits for Female Life:
Get Additional Benefit with the same premium for Female Life.

Multiple Plan Options

Enhanced Benefit for ECS/Auto Debit:
Get additional benefit in case premium is paid through ECS/Auto Debit option.

How Does Kotak Get Assured Income Now?

You can choose this plan under 4 simple steps -

Step

1

Choose the Plan Option, Premium Paying Term, Premium Paying Frequency, Policy Term, Income Benefit Payout mode. The premium/benefits will vary depending upon the option chosen.

Step

2

Choose your Premium amount, basis which your Sum Assured on Maturity and Sum Assured at Death will be calculated. Sum Assured on Maturity is calculated as Annualised Premium multiplied by the Premium Paying Term and enhanced by boosters, as applicable.

Step

3

Customize your income benefits to receive payouts yearly or monthly.

Step

4

Choose additional riders to enhance your protection.

Mr. Rakesh aged 35 year needs a plan which offers him a regular and long term income as well as build a corpus that he can pass on as a legacy to his family. He opts for “Kotak Get Assured Income Now” with an Annual Premium of ₹1,00,000 for a premium payment term of 10 years. The policy term in this case is 50 years and the plan option opted is Early Income Option.

Eligibility for Kotak Get Assured Income Now?

  • Entry Age (as on last birthday)
  • Maturity Age& of Life Insured
  • Policy Term
  • Sum Assured on Maturity (in ₹)
  • Premium Levels (Annual)(in ₹)
  • Premium Payment Term
  • Premium Payment Mode
  • Premium Modal Factor
Age at entry Policy Term PPT - 6 years^/8 years PPT - 10/12 years
Minimum To Age 85 /
40 years
90 days
Maximum To Age 85 50 years 55 years
40 years 44 years

Minimum: 40 years

Maximum: 85 years

85 years less Entry Age of Life Insured OR Fixed term of 40 years

Minimum: ₹ 4,00,00
Maximum:
No limits, subject to Board Approved Underwriting Policy.
Sum Assured on Maturity shall depend on the Annualised Premium and Premium Payment Term chosen by you.

Minimum: ₹ 50,000

Maximum: No Limits, subject to Board Approved Underwriting Policy

6 / 8 / 10 / 12 years

Yearly, Half yearly, Quarterly and Monthly

Yearly – 100%, Half yearly – 51%, Quarterly – 26%, Monthly – 8.8%

&Age is calculated as age last birthday

^PPT 6 is available for early income and paid up addition option.

Additional Protection with optional Riders

100% premium allocation

Kotak Term Benefit Rider (UIN: 107B003V03):

Allows additional death cover on the life of Primary Life Insured over and above the base plan’s Death Benefit.

Yearly Additions

Kotak Accidental Death Benefit Rider (UIN:107B001V04):

Lump sum benefit paid on accidental death of the Primary Life Insured in addition to Death Benefit under the base plan.

Return of Mortality Charges

Kotak Permanent Disability Benefit Rider (UIN:107B002V03):

Instalments paid on admission of a claim on Primary Life Insured becoming disabled due to accident.

Boost Retirement Savings & Income

Kotak Life Guardian Benefit Rider (UIN: 107B012V02):

On death of Policyholder, future premiums of the plan will get waived of and the base plan will continue as it is without any change in the plan benefits.

Flexible Investment Strategies

Kotak Accidental Disability Guardian Benefit Rider (UIN 107B011V02):

On accidental disability of Policyholder, future premiums of the plan will get waived off and the base plan will continue as it is without any change in the plan benefits.

Multiple Plan Options

Kotak Critical Illness Plus Benefit Rider (UIN: 107B020V02):

Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, with respect to Primary Life Insured, subject to terms and conditions, definitions and specific exclusions.

Downloads

Know more about the plan and how it can benefit you.

FAQs for Kotak Get Assured Income Now:

1

What is Kotak Get Assured Income Now?

Kotak Get Assured Income Now is a participating, non-linked life insurance savings product that provides life cover along with a regular income stream. Depending on the option chosen, you can start receiving income as early as the end of the 1st policy month or after the premium payment term.

2

How does this plan help me create an additional income stream?

The plan is designed to supplement your regular income by providing assured income benefits over a long duration. This additional income can help fund goals such as your child's education, retirement, travel plans, or other lifestyle aspirations.

3

When can I start receiving income benefits?

Based on the plan option selected, income benefits can begin as early as the end of the first policy month or after completion of the premium payment term, providing flexibility based on your financial needs.

4

Can I choose to accumulate my income benefits instead of receiving them?

Yes. The plan offers the flexibility to accumulate income benefits, helping you build a larger corpus that can be used later or passed on as a legacy to your loved ones.

5

Does the plan provide life insurance protection?

Yes. Along with creating a regular income stream, the plan provides life insurance coverage, ensuring financial security for your family in case of an unfortunate event.

6

What makes Kotak Get Assured Income Now different from a regular savings plan?

Unlike traditional savings products, this plan combines:

  • Regular long-term income
  • Life insurance protection
  • Potential participation in bonuses
  • Legacy creation opportunities
  • Flexible plan options to suit different financial goals
7

How long do I need to pay premiums?

You can choose a premium payment term of 6, 8, 10, or 12 years, while enjoying benefits over a much longer policy term, depending on the option selected.

8

Can I customize the plan according to my financial goals?

Yes. Kotak Get Assured Income Now offers multiple plan options that allow you to choose how and when you wish to receive benefits, helping you align the plan with your income and future goals.

9

Can I increase my protection under the policy?

Yes. You can enhance your coverage through optional riders such as Accidental Death Benefit, Critical Illness Plus Benefit, Permanent Disability Benefit, Guardian Benefit, and Term Benefit Rider, subject to eligibility and policy terms.

10

Who should consider buying Kotak Get Assured Income Now?

This plan is ideal for individuals who want:

  • A regular secondary income source
  • Long-term financial security
  • Life insurance protection
  • Retirement income planning
  • Wealth transfer and legacy creation for future generations

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Kotak Get Assured Income Now UIN: 107N141V03, Kotak Term Benefit Rider, UIN: 107B003V03; Kotak Accidental Death Benefit Rider, UIN: 107B001V04; Kotak Permanent Disability Benefit Rider, UIN: 107B002V03; Kotak Life Guardian Benefit Rider, UIN: 107B012V02; Kotak Accidental Disability Guardian Benefit Rider, UIN: 107B011V02, Kotak Critical Illness Plus Benefit Rider, UIN: 107B020V02.

This is a Participating Non-Linked Life Insurance Individual Savings Product. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure.

*The assumed non-guaranteed rates of return chosen in all above illustration are 4% p.a. and 8% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience may be different from the illustrated. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. Cash Bonus and Terminal Bonus have been calculated at the assumed non-guaranteed rates of return of 4% p.a. & 8% p.a.

Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time. The above premium figures are exclusive of Goods and Services Tax and Cess. The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn't construe any indication of future bonuses. These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.

Kotak Mahindra Life Insurance Company Limited; CIN: U66030MH2000PLC128503, IRDAI Regn. No.:107, Regd. Office: 3 rd Floor, Plot # C-12, G-Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No: 18002098800 | Ref. No.: KLI/26-27/E-OFL/51

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Limited under license.