Kotak Life Insurance Premier Income Plan|Money Savings & Investment Plans In India

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Kotak Premier Income Plan

A Limited Pay Participating Life Insurance Plan

We all have dreams and aspirations for a better life for our family. We always make space to give them a little ‘extra’, so that they feel loved and cared for. Kotak Premier Income Plan is a savings and protection oriented plan that offers Guaranteed@ Annual Income immediately after the premium payment term to provide you with an additional annual income. It also gives accrued bonuses at the end of the policy term in lump sum while providing life cover throughout the policy term.

How it works

  • Mr. Verma, 35 years, is a family man who wants to plan for his future in advance

  • He decides an annual premium of Rs. 100,000*, a policy term of 19 years and a premium payment term of 10 years. Thus, Sum Assured is derived as Rs. 776, 070/-

  • He continues to pay the pre-decided premium of Rs. 100,000

  • He starts getting a guaranteed annual income of Rs. 108,000 from the beginning of 11th policy year till the beginning of 19th policy year.

  • At maturity, he will receive accrued bonuses & terminal bonus, if any @ 4%# to be Rs. 223,935 or @ 8% to be Rs. 859,876.

    #The assumed non-guaranteed rates of return chosen in the 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. 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. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.

  • In the unfortunate event of his death during the term of the policy, his nominee will receive: Sum Assured on death + accrued Simple Reversionary bonuses, if any + interim bonus, if any + terminal bonus, if any.

Key Features

  • Get Guaranteed@ Annual/Monthly Income

    immediately after Premium Payment Term which is higher than the Annualised Premium

  • Get Enhanced Sum Assured rates

    for female lives and higher premiums

  • Enjoy upside potential

    through bonuses accruing throughout the policy term

  • Enhance protection

    through a wide range of Riders


  • Age criteria

    • Entry Age: Min: 3 years
    • Maximum: 50 years – 8 pay | 55 years – 10 & 12 pay
    • Maturity Age: Min: 18 years | Max: 78 years
  • Premium Payment Term (PPT)

    • Limited: 8 years for 15 year term |10 years for 19 year term |12 years for 23 year term
  • Policy Term (Fixed)

    • 15 years / 19 years / 23 years
  • Premium Levels

    • Minimum: For 8 & 10 Pay: Rs. 30,000 | For 12 Pay: Rs. 25,000,
    • Maximum: No Limits, subject to U/W acceptance

  • Sum Assured

    • Will be derived basis Premium, Age, Gender, PPT & Policy Term
  • Premium Payment Mode

    • Yearly, Half yearly, Quarterly, Monthly
  • Modal Factor

    • The following modal loadings will be used to calculate the instalment Premium:
    • Yearly - 100% - Half yearly - 51% - Quarterly - 26% - Monthly - 8.8%

Additional Protection with Optional Riders

  • Kotak Term Rider

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

  • Kotak Accidental Death Benefit Rider

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

  • Kotak Permanent Disability Benefit Rider

    Installments paid on admission of a claim on Life Insured becoming disabled due to accident

  • Kotak Life Guardian Benefit

    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

    On accidental disability of Policyholder / Life Insured, 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

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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 Section 80C and Section 10(10D) 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.

Terms & Conditions:

This is a participating anticipated endowment plan. For sub-standard lives, extra premium may be charged based on Kotak Life Insurance’s underwriting policy. The product brochure gives only the salient features of the plan. Please refer the policy document for specific details on all terms and conditions. For more details on riders please read the Rider Brochure.

@Guaranteed if policy is in force and all the premiums are paid.

Kotak Premier Income Plan UIN: 107N099V02, Form No: N099, Ref. No.:KLI/19-20/E-WEB/333

Kotak Term 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

Regd. Office:

Kotak Mahindra Life Insurance Co. 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


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.

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