Kotak Gen2Gen Income

A Participating Non-Linked Life Insurance Individual Savings Product

Kotak Gen2Gen Income is a customizable life insurance product designed to meet a wide range of financial needs. Whether it’s funding a dream vacation, securing the best education for your children, or ensuring a comfortable retirement, this plan offers multiple options tailored to fit your unique goals. As a Participating Non-Linked Life Insurance Individual Savings Product, it provides regular income for your whole life, up to 99 years, or until a fixed age, depending on your preference. With its flexibility, Kotak Gen2Gen Income allows you to align the policy with your aspirations, making it a powerful tool to fulfil both present and future financial needs. The desire for a better tomorrow is universal, and with this product, you can take a step closer to making those dreams a reality.

How it works

Step 1: Choose the Plan Option, Premium Paying Term, Premium Paying Frequency, Legacy Transfer Age (if applicable), Cash Payout mode (if applicable). The benefits will vary depending upon the plan option chosen.
Step 2: Choose your Premium amount, basis which your Sum Assured on Maturity and Benefit Sum Assured will be calculated.
Step 3:Customize your Cash Bonus^@ benefits to receive payouts yearly or monthly.
Step 4: Choose additional riders to enhance your protection.

Key Features

Life Cover

Secure your life & provide financial protection for your loved ones upto 85 or 99 years (depending on plan option chosen)
Multiple Plan Options

Flexibility to choose from 4 Plan Options to fulfil your goal: Life Income | Legacy Income | Life Paid-Up Additions| Legacy Paid-Up Additions
Dual Generation Plan

Cover two generations under one single plan with 'Legacy Income' and 'Legacy Paid-Up Additions' Plan Options
Enhanced Benefit for Female Life

Avail High Benefit Sum Assured with the same premium for Female Life
Enhanced Benefit for ECS / Auto Debit

Get enhanced Benefit Sum Assured in case premium is paid through ECS/Auto Debit option
Inbuilt Wellness Benefits

Get access to Inbuilt Wellness Benefits without any additional cost
Optional Riders

Comprehensive coverage for yourself & loved ones through 6 Riders (by paying additional premium)

Eligibility

Minimum Entry Age^& of Life Insured	Plan Option	Minimum Entry Age (last birthday)
	Life Income & Life Paid-Up Additions	0 years (90 days)
	Legacy Income & Legacy Paid-Up Additions	Primary Life Insured: 18 years Secondary Life Insured: 0 years (90 days)

Maximum Entry Age^&
of Life Insured

Plan Option

Minimum Entry Age (last birthday)

Life Income & Life Paid-Up Additions

PPT 6 years: 50 years
PPT 8 / 10 / 12 years: 55 years

Legacy Income & Legacy Paid-Up Additions

Primary Life Insured:

Legacy Transfer Age	Age
75 years	45 years
80 years	50 years
85 years	55 years

Secondary Life Insured: 17 years

At the inception of the policy, the Primary Life Insured should be a major and the Secondary Life Insured should be a minor.
The minimum difference in age between the Primary Life Insured and the Secondary Life Insured should be 18 years.

Minimum Policy Term		Premium Payment Term	Minimum PT	Maximum PT
	For Life Income & Life Paid-Up Additions Option: PT = 99 – Entry Age of Life Insured	6 years	49 years	99 years
		8 / 10 / 12 years	44 years	99 years
	For Legacy Income & Legacy Paid-Up Additions Option: PT = 85 – Entry Age of Secondary Life Insured	All PPT’s	68 years	85 years

Maturity Age	Plan Option	Minimum Maturity Age	Maximum Maturity Age
	Life Income & Life Paid-Up Additions	99 years
	Legacy Income & Legacy Paid-Up Additions	Legacy Transfer Age of Primary Life Insured: 75 years Maturity Age of Secondary Life Insured: 85 years	Legacy Transfer Age of Primary Life Insured: 85 years Maturity Age of Secondary Life Insured: 85 years

Coverage Term and Legacy Coverage Term (Applicable for Legacy Income & Legacy Paid-Up Additions Options only)	Coverage Term	Legacy Coverage Term
	For Primary Life Insured till Age 75 or 80 or 85 years	For Secondary Life Insured till Age 85 years
	Survival Benefits are payable to Primary Life Insured	Survival Benefits are payable to Secondary Life Insured & to the Primary Life Insured in case he/she survives till the end of policy anniversary after attainment age of 99 years
	Death Benefits are payable to Primary Life Insured and Secondary Life Insured

Premium Payment Term (PPT)	Plan Option	Premium Payment Term
	Life Income & Life Paid-Up Additions	6 / 8 / 10 / 12 years
	Legacy Income & Legacy Paid-Up Additions	8 / 10 / 12 years

Premium Payment Mode	Yearly, Half-yearly, Quarterly, Monthly
Benefit Sum Assured	It is the amount used for the calculation of Cash Bonus^@ and Terminal Bonus. Cash Bonus Rate and Terminal Bonus Rate, if declared, shall be expressed as percentage of Benefit Sum Assured.
Sum Assured on Maturity (in Rs.)	Min: ₹3,00,000 Max: No limits, subject to Board Approved Underwriting Policy
Premium Levels (Annual) (in Rs.)	Min: ₹50,000 Max: No Limits, subject to Board Approved Underwriting Policy
Premium Modal Factor	Yearly – 100%, Half yearly – 51%, Quarterly – 26%, Monthly – 8.8%

^*Age is calculated as age last birthday

Read about Tax benefits & Plan Disclaimer

Tax Benefits:

You may avail of tax benefits as specified under the Income Tax Act, 1961. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

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 Gen2Gen Income UIN: 107N163V01.

Kotak Term Benefit Rider UIN: 107B003V03; Kotak Accidental Death Benefit Rider UIN: 107B001V04; Kotak Permanent Disability Benefit Rider UIN: 107B002V03; Kotak Life Guardian Benefit Rider UIN: 107B012V02; Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02; Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02.

This is a Participating Non-Linked Life Insurance Individual Savings Product. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure. Kotak Life Guardian Benefit Rider is not available for Legacy Income & Legacy Paid-Up Additions Options. The product may be available for sale through Online platform as well. 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/2003

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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