Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Our representative will get in touch with you at the earliest.
A Non-Linked Non-Participating 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. 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-linked and nonparticipating immediate annuity plan that gives you / your members the assurance of regular stream of income throughout life.
Provides regular payouts to meet your post-retirement financial needs.
Plan has six annuity options to suit various customer needs. You can choose the option that suits you best.
Monthly quaterly,half yearly and yearly income payment modes are offered to suit your financial needs.
Annuitant : max - 99 years
New Individual Customer : min- 45 years
New Group Customer: min - 35 years
Existing KLI Pension Plan / Group Customers: min-18 years
NPS Subscribers : min-18 years
QROPS customers : min -55 years
Minimum: 0 years
Maximum: 99 years
Spouse
New Individual Customers : min- 35 years
New Group Customers : min- 35 years
Existing KLI Pension Plan / Group Customers: min- 18 years
NPS Subscribers: min- 18 years
Nominees of Deceased KLI Pension Plan Life Insured and NPS Subscriber : min- 0 years
Min: Any amount that ensures minimum monthly annuity of Rs. 1000 (per member for Superannuation Fund)
Note: The minimum monthly annuity of Rs 1000 is not applicable for Additional Annuity & NPS Subscribers
Monthly: Rs. 1,000
Quarterly: Rs. 3,000
Half-Yearly: Rs. 6,000
Yearly: Rs. 12,000
Yearly, Half-yearly, Quarterly, Monthly
| Mode | Annuity instalment (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 |
Download the brochure to know more about the plan and how it can benefit you.
Call our toll free number and our representative will help you buy the most suitable term insurance plan.
Say "Hi" to 93210 03007
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:
This is a non-linked non-participating immediate annuity plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Kotak Lifetime Income Plan UIN: 107N103V10, Form No: N103, Ref. No.: KLI/22-23/E-WEB/1321
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: https://www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No: 1800-209-8800
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