Kotak Get Assured Income Now

A Non-Linked, Participating Savings Life Insurance Plan

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 the 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.

How it works

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 Rs. 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.

Key Features

Life Cover:

Secure your life & provide financial protection to your loved ones till 85 years.
Multiple Plan Options:

Flexibility to choose from 3 Plan Options to fulfil your goal: - Early Income - Paid-Up Additions - Premium Saver
Early Income Payout:

Income benefits starting as early as end of 1st policy month$
Optional Riders:

Comprehensive coverage for yourself & loved ones through 6 Riders*
Enhanced Benefits for Female Life:

Get Additional Benefit with the same premium for Female Life.
Enhanced Benefit for ECS/Auto Debit:

Get additional benefit in case premium is paid through ECS/Auto Debit option $Depending on the plan option and bonus payout mode chosen *By paying additional premiums

Eligibility

Entry Age(as on last birthday)

Age at Entry	Policy Term	PPT – 8 years	PPT – 10 years/12 years
Min	To Age 85 / 40 years	90 days
Min
Max	To Age 85	50 years	55 years
	40 years	44 years

Maturity Age^&of Life Insured

Min: 40 years

Max: 85 years
Policy Term

85 years less Entry Age of Life Insured OR Fixed term of 40 years
Sum Assured on Maturity (in Rs.)

Min: 4,00,000

Max: 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.
Premium Levels (Annual) (in Rs.)

Min: 50,000

Max: No Limits, subject to Board Approved Underwriting Policy
Premium Payment Term

8 / 10 / 12 years
Premium Payment Mode

Yearly, Half yearly, Quarterly and Monthly
Premium Modal Factor

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

Additional Protection with Optional Riders

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.
Kotak Accidental Death Benefit Rider (UIN:107B001V03):

Lump sum benefit paid on accidental death of the Primary Life Insured in addition to Death Benefit under the base plan.
Kotak Permanent Disability Benefit Rider (UIN:107B002V03):

Instalments paid on admission of a claim on Primary Life Insured becoming disabled due to accident.
Kotak Life Guardian Benefit (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.
Kotak Accidental Disability Guardian Benefit (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.
Kotak Critical Illness Plus Benefit Rider (UIN: 107B020V01):

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.

Read about Tax benefits & Plan Disclaimer

Kotak Get Assured Income Now UIN: 107N141V01, Form No: N141, Kotak Term Benefit Rider, UIN: 107B003V03, Form No: B003; Kotak Accidental Death Benefit Rider, UIN: 107B001V03, Form No: B001; Kotak Permanent Disability Benefit Rider, UIN: 107B002V03, Form No: B002; Kotak Life Guardian Benefit, UIN: 107B012V02, Form No: B012; Kotak Accidental Disability Guardian Benefit, UIN: 107B011V02, Form No: B011, Kotak Critical Illness Plus Benefit Rider - 107B020V01, Form No.: B020

This is a savings-cum-protection oriented participating endowment plan. 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, as applicable. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No. – 1800 209 8800 | Ref. No.: KLI/23-24/E-WEB/2432

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

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.

Similar plans

Kotak Guaranteed Savings Plan

A Non-Linked Non-Participating Life Insurance plan
Know more
Kotak Guaranteed Fortune Builder

You may avail of tax as per the Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
Know more
Kotak Fortune Maximiser

Kotak Fortune Maximiser is a limited pay participating endowment plan, which can be customized as per your requirement to help you achieve your life goals through multiple plan, payout & rider options. Your dreams are important and deserves to be fulfilled, therefore, life mein sirf #BadaSocho.
Know more
Kotak Assured Income Accelerator

Kotak Assured Income Accelerator ensures that you get Guaranteed Income every year on the same amount of savings and that the Guaranteed Income increases year on year.
Know more
Kotak Premier Endowment Plan

Kotak Premier Endowment Plan offers Guaranteed Additions in the first 5 policy years and also works to provide you a corpus through continued bonuses.
Know more
Kotak Premier Life Plan

Kotak Premier Life Plan is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires.
Know more
Kotak POS Bachat Bima

Kotak Life Insurance presents a simple savings and protection oriented plan, which provides all guaranteed benefits while giving life insurance cover – Kotak POS Bachat Bima.
Know more
Kotak Sampoorn Bima Micro-Insurance Plan

Kotak Sampoorn Bima Micro Insurance Plan is a single premium plan with fixed term of 5 years to cater to the needs of low-income customers.
Know more
Kotak Premier Income Plan

Kotak Life Insurance presents Kotak Premier Income Plan a savings and protection oriented plan that provides Guaranteed Annual Income immediately after the premium payment term to provide you with an additional annual income.
Know more
Kotak SmartLife Plan

A Limited Pay Non-Linked Participating Life Insurance plan. You earn and work hard to accomplish your dreams and aspirations at every stage of life.
Know more
Kotak Classic Endowment Plan

Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning bonuses during the policy term.
Know more
Kotak Premier Moneyback Plan

Kotak Premier Moneyback Plan is a limited pay plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and let you offer the best to your family.
Know more
Kotak Health Maximiser

You work so hard to build a secured and stable life for you and your loved ones, but in present times, only working hard is not enough, it is important to have a financial plan in place. While you take adequate measures to take care of your health, you still need insurance to secure your health as well as life.
Know more
Kotak Assured Savings Plan

Kotak Assured Savings Plan is an affordable protection plan that enables you to accumulate wealth and strengthens your finances for the future.
Know more