Kotak Confident Retirement Builder
In this unit-linked policy, the investment risk in investment portfolio is borne by the policyholder.
A Non-Participating Unit-Linked Pension Individual Savings Product
Zero allocation charges
Tax Benefits
Unlimited Free Switches
Loyalty Additions
Pay ₹8,334/month for 10 years* &
Get ₹26,63,327 @8%* ₹14,76,674 @4%*
at the end of 20th year
“The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year”
What is Kotak Confident Retirement Builder
Kotak Confident Retirement Builder is designed to help you build a comfortable retirement, step by step. It's a flexible retirement plan that lets you choose how long you want to pay premiums, how long you want your policy to last, and where you want to invest your money. With these options, you can tailor the plan to fit your needs and goals.
As you save, you’ll be building a retirement fund that will later help you enjoy a steady income during your retirement—whether you need that income to start right away or at a later time. Simply put, this product ensures that when you retire, you’ll have the financial peace of mind to live comfortably for as long as you need.
Kotak Life’s Performing Retirement Funds
Pension Classic Opportunities Fund
Fund 5 year Returns
20.7%
Bench Mark 5 year returns
24.0%
Investment objective
Aims to maximize opportunity for long term capital growth by holding significant portions in a diversified and flexible mix of large/medium sized stocks.
Pension Frontline Equity Fund
Fund 5 year Returns
21.3%
Bench Mark 5 year returns
23.2%
Investment objective
Aims for a high level of capital growth by holding a significant portion in large sized company equities.
Kotak Pension Balanced Fund
Fund 5 year Returns
6.3%
Bench Mark 5 year returns
11.6%
Investment objective
Aims for moderate growth by holding a diversified mix of equities and fixed interest instruments.
Fund returns are as on 31st-March-2025 |Click here to view past performance of the funds
Features of Kotak Confident Retirement Builder
Zero allocation charges
With zero allocation charges, every penny of your premium is invested directly into your fund, meaning 100% investment in funds. This is a great benefit for you, as it ensures that your savings grow faster without any upfront deductions cutting into your investment.
Yearly Additions
From the end of the 6th policy year until maturity or the life insured's death, 3% of your annual premium will be added to your investment fund each year, helping your savings grow.
Choose from 5 diverse fund options
Gives you the flexibility to select the investment strategy that suits your comfort level and financial goals. Whether you prefer a safer, more stable approach or a higher-risk, higher-reward strategy, you can tailor your investment to your needs.
Partial Withdrawals
Gives you the flexibility to tap into your savings when needed, without having to surrender your entire policy, helping you manage unexpected expenses while keeping your retirement plan intact.
Flexibility to pay premiums
Freedom to choose how long you want to pay premiums—either for a limited period or throughout the entire policy term. This allows you to select a payment plan that fits your budget and long-term financial goals, giving you more control over how you manage your savings
Unlimited free switches & premium redirection
With unlimited free switches you can adjust your funds as your needs change, without any extra fees. Plus, with premium redirection, you’ll get the peace of mind that your investments and benefits are always working hard for you, no matter how the market shifts.
How does the plan work?
Mr. Raktim aged 40 years for a Policy Term of 20 years and Premium Payment Term of 10 years with an annual premium of ₹1,00,000. He has selected 100% premium allocation in Pension Frontline Equity Fund. (ULIF-044-11/01/10-PNFRLEQFND-107)
Note: For full details, please refer to the Benefit Illustration. Fund Values are inclusive of Yearly Additions. The above figures are net of Goods and Services Tax and Cess, as applicable. Goods and Services Tax and Cess rates are subject to change from time to time as per the prevailing tax laws and/or any other laws.
*The per month premium arrived is ₹8,334 approx. (₹1,00,000 p.a. / 12 months).
#The values are based on assumed investment rate of return of 4% p.a. & 8% p.a. The values shown are not guaranteed and they are not upper and lower limit 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.
Eligibility:
| Parameters | Minimum | Maximum |
|---|---|---|
| Age^ at Entry | 25 Years | 60 Years |
| Age^ at Maturity | 45 Years | 80 Years |
| Annualized Premium | Limited & Regular Pay: ₹30,000 | No Limit, as per board approved underwriting |
| Premium Paying Term | Regular Pay | 5 | 7 | 10 Years | |
| Policy Term | 10 to 40 Years | |
| Premium Payment Frequency | Yearly | Half-Yearly | Quarterly | Monthly | |
^Age above will be Age as on the last birthday
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FAQs on Kotak Confident Retirement Builder
What is Kotak Confident Retirement Builder, and who is it suitable for?
Kotak Confident Retirement Builder is flexible retirement plan offered by Kotak Life that enables you to maximize their saving and growth. The plan offers flexible fund switch, choice of payment term and zero allocation charges making it suitable for everyone who is looking to save a wealthy retirement corpse for their golden days.
How does the Kotak Confident Retirement Builder plan help me build a retirement corpus?
Kotak Confident Retirement Builder helps you build your ideal retirement corpus by accumulating their savings and growing it strategically. Along with zero allocation charges and yearly additions (after 6th year), it also offers flexibility to choose premium terms and payment and unlimited fund switches that helps you grow your wealth.
What is the vesting/maturity benefit and what can I do with the corpus at maturity?
The policy holder is entitled to the amount equal to Fund Value as on the date of Vesting including all the yearly inclusions. The policy holder can either choose to utilize entire amount to purchase immediate or deferred annuity or they can opt to withdraw 60% of the sum and use the rest to purchase immediate or deferred annuity.
Can I partially withdraw my money before maturity in case of emergencies?
To meet any sudden or unforeseen expenses Partial Withdrawals are allowed after the lock-in period of five policy years as long as all the premiums have been paid. Also note that only three partial withdrawals are allowed during the policy term.
What happens if I stop paying premiums mid-way?
In the event of an unforeseen financial condition, you may decide to discontinue the policy. If you discontinue after 5th year there are no charges, discontinuance of policy before the 5 policy year will attract Discontinuance Charges.
What benefits are payable to my family if I pass away during the policy term?
If the person insured passes away and all premiums have been paid, your nominee (the person you choose to receive the benefit) will get the higher of these two amounts:
- The value of the fund (including any yearly additions)
- The assured benefit (the guaranteed amount).
Can I switch between different fund options? Are there any limits or charges?
Yes, you can switch from one fund to another unlimited times without any charges. This ensures you have full flexibility to maximize your savings.
What tax benefits do I get with this plan?
The policy holder can benefit from the Tax benefits as under the Income-tax Act, 1961.
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:
Tax benefits as under the Income-tax Act, 1961 would be applicable. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant
Risk Factors:
- Linked Insurance products are different from the traditional insurance products and are subject to the risk factors
- The premium paid in linked insurance policies are subject to investment risks associated with capital markets. The NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
- Kotak Mahindra Life Insurance Company Ltd is only the name of the Life Insurance Company and Kotak Confident Retirement Builder is only the name of the linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
- Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.
Kotak Confident Retirement Builder,;UIN: 107L136V02. This is a non-participating unit-linked pension individual savings product. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. This product is available for sale through online mode.
Kotak Mahindra Life Insurance Company Ltd; Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website:www.kotaklife.com; WhatsApp: 9321003007; Toll Free No: 1800 209 8800; Ref. No.: KLI/25-26/E-WEB/93.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
Customer Care: 022-45811311
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