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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

    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

    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

    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

    Enhanced Benefit for Female Life

    Avail High Benefit Sum Assured with the same premium for Female Life

  • Enhanced Benefit for ECS / Auto Debit

    Enhanced Benefit for ECS / Auto Debit

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

  • Inbuilt Wellness Benefits

    Inbuilt Wellness Benefits

    Get access to Inbuilt Wellness Benefits without any additional cost

  • Optional Riders

    Optional Riders

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

Eligibility

  • 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)
  • Eligibility
    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.

  • Eligibility
    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
    For Legacy Income & Legacy Paid-Up Additions Option: PT = 85 – Entry Age of Secondary Life Insured All PPT’s 68 years 85 years
  • Eligibility
    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
  • Eligibility
    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
  • Eligibility
    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
  • Eligibility
    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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