Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Invest

Insurance and Investment in one plan.

Kotak e-Term

Protect your family's financial future.

Kotak Guaranteed Fortune Builder

A plan that offers guaranteed income for your future goals.

Kotak T.U.L.I.P

A plan that works like a term plan, and Earns like ULIP Plan.

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family.

Kotak Assured Pension

A plan that offers immediate or deferred stream of income

Kotak Lifetime Income Plan

Retirement years are the golden years of life.

Kotak Guaranteed Savings Plan

A plan that offers long term savings and life cover.

Close

Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

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 non-participating immediate annuity plan that gives you / your members the assurance of regular stream of income throughout life.

Key Features

  • Ensure financial independence post retirement

    Ensure 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

    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

    Allows a range of annuity payout frequencies

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

Eligibility

  • Eligibility

    Age criteria

    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
  • Eligibility

    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

  • Eligibility

    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

  • Eligibility

    Annuity Modes

    Yearly, Half-yearly, Quarterly, Monthly

  • Eligibility

    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)

Need help with life insurance?

Request a Life Advisor

Select Plan
Select City
New

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

Click Here

Call on retail toll free number 1800 209 8800
Timings : 08:00 AM to 10:00 PM (Monday to Saturday) (excluding public holidays)

Call our toll free number and our representatives will assist you with all your queries.

Get Answers to the commonly asked questions

Policy FAQs

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: 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

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Similar plans

  • Icon for protection in retired life

    Kotak Saral Pension

    A single premium non-linked and nonparticipating individual immediate annuity plan that gives you the assurance of regular stream of income throughout your lifetime.

    Know more
  • Kotak Premier Pension Plan

    Kotak Premier Pension Plan

    Kotak Premier Pension Plan helps you accumulate enough wealth for your retirement, while you are earning sufficiently and also offers assured benefits on death and vesting.

    Know more
  • Icon for disability rider on Kotak Insurance Plans

    Kotak Assured Pension

    Kotak Assured Pension is an annuity plan that promises to pay a regular stream of income on immediate basis or post deferment period for life, ensuring a worry-free retirement.

    Know more
Get Financial Security for Life