Kotak Lifetime Income Plan | Retirement Pension Plan - Kotak Life

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Kotak Lifetime Income Plan

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.

Key Features

  • Ensures 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

    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

    Monthly quaterly,half yearly and yearly income payment modes are offered to suit your financial needs.


  • Age criteria

    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

  • Entry age for nominees of deceased KLI pension plan policyholders (last birthday)

    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

  • Single Premium

    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

  • Minimum Annuity

    Monthly: Rs. 1,000

    Quarterly: Rs. 3,000

    Half-Yearly: Rs. 6,000

    Yearly: Rs. 12,000

  • Annuity Modes

    Yearly, Half-yearly, Quarterly, Monthly

  • Annuity Instalment (per frequency)

    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.

Need help for paying premium?

Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

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Read about Tax benefits & Plan Disclaimer

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:

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

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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