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  • Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Kotak e-Assured Savings Plan

    Kotak e-Assured Savings Plan not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.

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Kotak Lifetime Income Plan

An Immediate Annuity Plan

All these years you have saved money to ensure a comfortable and financially independent life post retirement. But still it worries you to spend down your retirement fund as you are concerned about outliving the same. An Immediate Annuity plan provides you a secured alternate source of income so that you can live your life without having financial worries!

Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!

Key features

  • 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

    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

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

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

  • Entry age for nominees of deceased KLI pension plan policyholders

    (last birthday)

    • Minimum: 0 years
    • Maximum: 99 years
  • 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
  • Single Premium

    • Minimum: any amount that ensures minimum monthly annuity of rs.1000 (per member for superannuation fund)
    • Maximum: no limit
  • Minimum Annuity

    • Monthly : Rs. 1,000
    • Quarterly : Rs. 3,000
    • Half-yearly : Rs. 6,000
    • Yearly : Rs.12,000
  • Annuity Modes

    • Yearly, Half-yearly, Quarterly, Monthly
  • Annuity Instalment (per frequency)

    Mode Annuity instalment (per frequency)
    Yearly 100%
    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
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Downloads

Download the brochure to know more about the plan and how it can benefit you.

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Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

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Mail us on clientservicedesk@kotak.com

Mail your queries to us and we will answer them at the earliest.

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. Please consult your tax advisor for details.

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: 107N103V01, Form No: N103, Ref. No.: KLI/17-18/E-WEB/573

Kotak Mahindra Life Insurance Company Ltd. (formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.)

Regn. No.:107, CIN: U66030MH2000PLC128503;

Regd. Office:

2nd Floor, Plot # C- 12,

G- Block, BKC, Bandra (E),

Mumbai – 400051;

Website: http://insurance.kotak.com/; Email: clientservicedesk@kotak.com; Toll Free No: 1800-209-8800

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to public that

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus.
  • Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

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