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Insurance and Investment in one plan.
Protect your family's financial future.
Kotak Guaranteed Fortune Builder
A plan that offers guaranteed income for your future goals.
A plan that works like a term plan, and Earns like ULIP Plan.
A plan that offer guaranteed returns and financial protection for your family.
A plan that offers immediate or deferred stream of income
Retirement years are the golden years of life.
A plan that offers long term savings and life cover.
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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 non-participating 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, quarterly, half-yearly and yearly income payment modes are offered to suit your financial needs.
Min | Max | ||
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 |
Single Premium
Min: Any amount that ensures minimum
monthly annuity of Rs. 1000 (per member for Superannuation Fund)
Max: No Limit
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
Note: The minimum monthly annuity of Rs 1000 is not applicable for Additional Annuity & NPS Subscribers
Annuity Modes
Yearly, Half-yearly, Quarterly, Monthly
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)
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: 107N103V14, Form No: N103.
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/23-24/E-WEB/2525
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