Kotak Premier Pension Plan

Kotak Premier Pension Plan

Traditional Participating Pension Plan

Today you are an earning, self-reliant individual, working hard to realize yours' and your loved one's dreams. However, tomorrow when you retire, a new phase of your life will start when your income will stop and you might face difficulty in maintaining the same lifestyle that you are having today!

Kotak Life Insurance presents Kotak Premier Pension Plan that 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

Get Guaranteed@ Additions
In the first 5 policy years, Guaranteed Additions as percentage of Basic Sum Assured will vest at the end of each financial year and payable either on vesting or on death, whichever is earlier.

Earn bonus
Get bonuses accrued from 6th policy year onwards.

Enjoy Assured Benefit
Get a minimum guaranteed benefit either on death or on vesting equaling 105% of the Total Premiums paid till date of death or vesting (excluding taxes and rider premium, if any).

Get Additional Protection through optional riders
Choose from two rider options to increase the protection levels.

Eligibility

Age criteria
Entry age: Minimum: 30 years | Maximum: For Regular & Limited Pay: 55 years For Single Pay: 60 years
Vesting age: Min: 45 years | Max: 70 years

Basic Sum Assured
Minimum: 2 lacs
Maximum: Subject to underwriting

Policy Term
Regular Pay: 10 - 30 years

Limited Pay: 10 Pay: 15 - 30 years

12 Pay: 17 - 30 years

Single Pay: 10 yrs & 15 years

Premium Payment Details
Premium Payment Term (PPT):
Regular Pay: Same as Policy Term

Limited Pay: 10 and 12 years

Single Pay

Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
Premium Level: Will depend on Sum Assured levels, age, PPT and Term

Premium Modal Factor
Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%