Kotak Confident Retirement Savings Plan
A Participating Non-Linked Pension Individual Savings Plan
Today you are an earning, self-reliant individual, working hard to realize yours’ and your loved one’s dreams. However, tomorrow when you retire, a new phase of your life will start as Retirement.
How do you want to spend your retirement - Turning your hobby into a second career or volunteering for a noble cause or simply spending more time with your family. During retirement, how you choose to spend your time is now up to you. The decisions you make about your savings today should give you confidence enough to fulfill your retirement goals on your own terms.
Presenting, Kotak Confident Retirement Savings Plan, take full control of your retirement with confidence, to accumulate corpus for your golden years to lead a comfortable and worry-free retirement life.
How it works
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.
Key Features
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Accumulate bonus from the first policy year till end of Policy Term
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Assured Benefit on Death or Vesting
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Avail liquidity through Partial Withdrawals in case of financial emergency
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Flexibility to pay premium for Limited period or throughout the Policy Term
Eligibility
![Eligibility]()
Parameters Minimum Maximum Age# at Entry 25 Years Regular Pay: 60 Years
Limited Pay (7 PPT & 10 PPT): 60 years
Limited Pay (12 PPT): 55 yearsAge# at Vesting 35 Years 75 Years Annualized Premium Limited & Regular Pay: ₹30,000 No Limit, as per board approved underwriting policy Premium Paying Term Regular Pay | 7 | 10 | 12 Years Policy Term Regular Pay: 10 to 30 Years
Limited Pay (7 PPT & 10 PPT): 15 to 30 years
Limited Pay (12 PPT): 20 to 30 yearsPremium Payment Frequency Yearly Half-Yearly | Quarterly | Monthly Basic Sum Assured Will depend on Age, PT, PPT, and Premium payable
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
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
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.
Kotak Confident Retirement Savings Plan UIN: 107N162V01.
This is a participating non-linked pension individual savings plan. 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. Benefits under this plan are dependent upon the performance of the participating Funds. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time. The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn’t construe any indication of future bonuses. These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.
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/24-25/E-WEB/1965
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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