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]()
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]()
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
- Minimum: New customers*: 45 years / 55 years#
- Existing KLI Pension Plan Policy Holders: 18 years
- Maximum: 99 years
#For policy purchased as QROPS through transfer of UK tax relieved assets
*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)
![Eligibility]()
Entry age for nominees of deceased KLI pension plan policyholders (last birthday)
Minimum: 0 years
Maximum: 99 years
![Eligibility]()
Spouse entry age* (last birthday) (applicable for options 4, 5 & 6)
Minimum: New customers*: 35 years
Existing KLI Pension Plan Policy Holders: 18 years
Maximum: 99 years
*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)
![Eligibility]()
Single Premium
Minimum: any amount that ensures minimum monthly annuity of Rs.1000 (per member for superannuation fund)
Maximum: no limit
![Eligibility]()
Minimum Annuity
Monthly : Rs. 1,000
Quarterly : Rs. 3,000
Half-yearly : Rs. 6,000
Yearly : Rs.12,000
![Eligibility]()
Annuity Modes
Yearly, Half-yearly, Quarterly, Monthly
![Eligibility]()
Annuity Instalment (per frequency)
Mode Annuity instalment (per frequency) Yearly 100% of yearly annuity Half-yearly 97% of yearly annuity x 1/2 Quarterly 96% of yearly annuity x 1/4 Monthly 95% of yearly annuity x 1/12
Downloads
Download the brochure to know more about the plan and how it can benefit you.
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Request a Life Advisor
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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 & 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 annuity plan. This website content only gives the salient features of the 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: 107N103V08, Form No: N103, Ref. No.: KLI/21-22/E-WEB/1469
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
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.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.