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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, Kotak Lifetime Income 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!

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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 FOUR (4) 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



Read Brochure

Tax benefits & Disclaimer

Benefits earned under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits on: Your premiums under Section 80CCC. Income paid by the Annuity is taxable in the hands of the customer.




Eligibility

Single premium (Retirment Fund) Min: 50,000/-
Max: No Limit
Entry Age of Annuitant (as on last birth date) Min: 45 years
Max:99 years
Spouse Entry Age (as on last birth date) (For Last Survivor Lifetime Income Option only) Min: 35 years
Max: 99 years
for more details meet your Kotak Life Advisor.




Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. You are advised to consult your tax adviser for details.

Risk factors:


Insurance is the subject matter of the solicitation.
This is a Unit-Linked non-participating plan


BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

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

Kotak Mahindra Old Mutual Life Insurance Ltd.
Regn. No: 107,
Regd. Office: 4th Floor, Vinay Bhavya Complex,
159 A, CST Road, Kalina, Santacruz East, Mumbai: 400 098
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website:http://insurance.kotak.com
Email: clientservicedesk@kotak.com


Kotak Headstart Child Assure -
UIN: 107L066V02.
Form No: L066,
Ref No. KLI/13-14/E-WEB/183

/// Know about KOTAK LIFE INSURANCE.


  • 1.Kotak Mahindra group, offering wide range of Fin services.

    ..

    Kotak Mahindra group, offering wide range of Fin services.

  • 2: our journey, since inception.

    2: our journey, since inception.

  • 3:Kotak Life insurance plans as per IRDA guidelines.

    ..

    3:Kotak Life insurance plans as per IRDA guidelines.

  • 4:Kotak Life products - Revised, Improved, Customer Friendly.

    4:Kotak Life products - Revised, Improved, Customer Friendly.

  • 5: Core purpose - PALTS

    5: Core purpose - PALTS

  • 6:Invest with us.

    6:Invest with us.

  • 7:India's most respected private Life Insurance co.

    7:India's most respected private Life Insurance co.

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Products shown/described in this page are products of Kotak Lifeinsurance and thay are the owners of them.