Kotak Mahindra Life Insurance

Can you tell me in detail about the Retirement Plans offered by Kotak Life Insurance - Kotak Mahindra as I want to take up a one if it really interests me?

[Kiran Chandar]

Kotak Life Insurance - Kotak Mahindra has the right solutions to make retirement planning easier. One will access to extensive protection that life insurance plans offer:

Kotak Premier Pension Plan - UIN No.: 107N094V01

Plan type:
Participating Pension Plan with Guaranteed Additions

Best suited for:
30 – 60 years

It is for those people looking for planning for their retirement in order to ensure a worry-free retirement life.
In the initial 5 years, plan provides Guaranteed Additions to give the savings a great start.

Key features:
Guaranteed Additions in the first 5 policy years
Earn bonus from 6th policy year onwards
Assured Benefit on maturity or death
Additional Protection through optional riders

Kotak e-Lifetime Income Plan - UIN No.: 107N085V02

Plan type:
Traditional annuity plan that provides regular payouts for post-retirement financial needs

Best suited for:
45 – 99 years (New Customers)
Those who have sufficient corpus that can be used to generate regular income for meeting post-retirement needs

18 – 99 years (For existing Kotak Life Insurance Pension Plan policyholders)
Those who would like to commute the savings under their Pension Plan with Kotak Life Insurance through this annuity plan

Key features:
Regular Payouts
Flexibility to choose the frequency & payouts options
Option to gift it to near & dear ones

Kotak Lifetime Income Plan - UIN No.: 107N047V02

Plan type:
Traditional annuity plan that provides regular payouts for post-retirement financial needs

Best suited for:
45 – 99 years
Those who have sufficient corpus that can be used to generate regular income for meeting post-retirement needs

Key features:
Regular Payouts
Flexibility to choose the frequency of receiving payments
Flexibility to choose from four payout options
Option to gift it to near & dear ones