Kotak Lifetime Income Plan
A Non-Participating, Non-Linked, General Annuity Product
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. It’s a phase where you would want to enjoy doing what you wish without worrying about finances.
To ensure that you enjoy financially secure retirement years and fulfill your desires Kotak Life Insurance presents Kotak Lifetime Income Plan – A Non-Participating, Non-Linked, General Annuity Product that gives you / your members the assurance of regular stream of income throughout life.
Key Features
![Ensure financial independence post retirement]()
Ensure financial independence post retirement
Provides regular payouts to meet your post-retirement financial needs.
![Offers a wide range of income options suiting different retirement needs]()
Offers a wide range of income options suiting different retirement needs
Plan has six annuity options to suit various customer needs. You can choose the option that suits you best.
![Allows a range of annuity payout frequencies]()
Allows a range of annuity payout frequencies
Monthly, quarterly, half-yearly and yearly income payment modes are offered to suit your financial needs.
Eligibility
![Eligibility]()
Age criteria
Minimum Maximum Entry Age (Last Birthday) Annuitant 99 Years For New Individual Customer 45 years For New Group Customer 35 years For Existing KLI Pension Plan / Existing Group Customers 18 years For NPS Subscribers 18 years For QROPS customers 55 years For Policies sourced through POS 40 years 70 years Spouse 99 Years For New Individual Customers 35 years For New Group Customers 35 years For Existing KLI Pension Plan / Group Customers 18 years For NPS Subscribers 18 years Nominees of Deceased KLI Pension Plan Life Insured and NPS Subscriber 0 years ![Eligibility]()
Single Premium
Minimum: Any amount that ensures minimum
monthly annuity of Rs. 1000 (per member for Superannuation Fund)
Maximum: No Limit
Note: The minimum monthly annuity of Rs 1000 is not applicable for Additional Annuity & NPS Subscribers and Nominees of Deceased NPS Subscribers
![Eligibility]()
Minimum Annuity
Monthly: Rs. 1,000
Quarterly: Rs. 3,000
Half-Yearly: Rs. 6,000
Yearly: Rs. 12,000
Note: The minimum monthly annuity of Rs 1000 is not applicable for Additional Annuity & NPS Subscribers and Nominees of Deceased NPS Subscribers
![Eligibility]()
Annuity Modes
Yearly, Half-yearly, Quarterly, Monthly
![Eligibility]()
Annuity Installment (per frequency)
Mode Annuity Installment (per frequency) Yearly 100% of Yearly Annuity Half-yearly 98% of Yearly Annuity x 1/ 2 Quarterly 97% of Yearly Annuity x 1/4 Monthly 96% of Yearly Annuity x 1/12 New Customers are customers who intend to purchase the annuity plan separately and not using the proceeds of any of the Kotak Life’s Pension Plans / Superannuation fund(s)
Need help with life insurance?
Request a Life Advisor
Get details of your policy on WhatsApp
Send a 'Hi' to 93210 03007 from your registered mobile number.
Get in touch with our Customer Care team for assistance
Call our toll-free number 1800 209 8800
(for retail or individual customers only). Timings : 08:00 AM to 10:00 PM (Monday to Saturday, excluding public holidays)
Our representatives are available to assist you with all your queries.
For NRI Customers
Contact No: +912267775000
Important Information:
*Call Charges Apply
Call Center Timings- 8am to 10pm(Monday to Saturday as per IST)
Get answers to the frequently asked questions.
Read about Tax benefits & Plan Disclaimer
Read about Tax benefits & Plan Disclaimer
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.
Tax Benefits & Disclaimers
You may avail of tax benefits under Section 80CCC of Income Tax Act, 1961. Income paid by the annuity is taxable in the hands of the customer. Taxes applicable are subject to change in tax laws. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
Terms & Conditions:
Kotak Lifetime Income Plan UIN: 107N103V18. This is a non-participating, non-linked, general annuity product. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No: 1800-209-8800 | Ref. No.: KLI/25-26/E-WEB/85
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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