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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 Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.


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Kotak Lifetime Income Plan

An Immediate Annuity Non-linked Non-participating Life Insurance 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.


  • 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)

  • 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

    *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)

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

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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: 107N103V05, Form No: N103, Ref. No.:KLI/20-21/E-WEB/872

Kotak Mahindra Life Insurance Company Ltd.

Regn. No.:107, CIN: U66030MH2000PLC128503;

Regd. Office:

2nd Floor, Plot # C- 12,

G- Block, BKC, Bandra (E),

Mumbai – 400051;

Website:; Email:; Toll Free No: 1800-209-8800


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.​

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