KotakK Premier Pension Plan

This plan helps you to accumulate a retirement kitty for the golden years to help you lead a comfortable and worry-free retirement life. This plan is a participating plan with assured benefits on death and vesting.

Key Features

  • In the first 5 policy years, Guaranteed Additions as % age of Basic Sum Assured will accrue payable either on maturity or on death whichever is earlier.
  • Bonuses start accruing from 6th year onwards.
  • Assured Benefit

Benefits

  • Tax Benefits:
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income-tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant. Service Tax & Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
  • Death Benefit
In the unfortunate event of death of the Life Insured during the term of the plan, the nominee will receive the following:
1) Assured Benefit PLUS
2) accrued Guaranteed Additions PLUS
3) accrued Reversionary Bonuses and Terminal Bonus, if any

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 30 years 60 years
MATURITY AGE 45 years 70 years
POLICY TERM 10 years 30 years
SUM ASSURED Rs.2,00,000 Subject to underwriting
PREMIUM PAYMENT TERM Regular Pay: Same as policy term
Limited Pay: 10 and 12 years
Single Pay
PAYMENT MODE Yearly, Half-Yearly, Quarterly and Monthly

ADD ONS

To add to your protection, we offer a choice of 2 riders:

Kotak Accidental Death Benefit Rider (ADB):

Lump sum benefit paid on accidental death.

Kotak Permanent Disability Benefit Rider (PDB):

Instalments paid on admission of a claim on becoming disabled due to accident. For more details on riders and exclusions please refer to the Individual Rider Brochure before concluding the purchase.

What if?

I am unable to pay premium on time

Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

No such option is available under this policy