Kotak Life Insurance is one of the fastest growing insurance companies in India, covering over 19 million lives nationwide. The company deals in world-class Indian financial services with technology and best practices benchmarked along with international lines. It satisfies customers with effective insurance products. By providing quality products, services, advice sustainable value, and ensure our customers receive excellent solutions to meet their needs. The dealings are characterized by the highest levels of trust, honesty and fairness.
Kotak Mahindra Old Mutual Life Insurance Limited (a subsidiary of Kotak Mahindra Bank) is one of the fastest growing insurance companies in India, covering over 19 million lives nationwide (as on June 30, 2017).
Pension plans assist you to spend a financially impartial life, even if oneís income has stopped coming in. They help you in maintaining your lifestyle when you are not earning, in order when you retire, you have got enough funds to pay the payments and meet different financial responsibilities. With the help of Annuity plans, one can be confident of receiving monthly income at some point in life, and also can offer his/her partner with the equal advantage in case of occurrence of any damaging eventually.
Flexibility in terms of selecting the insurance term
Income Tax benefits
Have you ever thought about your retired life? You must make sure that you are financially stable after you get retired. Kotak life insurance can help you with this, you could take any of the retirement plans by Kotak to live a financially strong life even when you retire. It's very important to head for a retirement plan even if you have brilliant financial savings.
Kotak Mahindra is one of the leading financial service providers of the company. The bank offers financial offerings across a number of domain names. These encompass business banking, stockbroker, insurance products and investment banking. Kotak Mahindra gives products like life insurance safety plans, child plans, financial savings and investment plans. Kotak life pension plans are a brilliant way to ensure a fixed regular income even after retirement. Those plans make sure that your retirement planning is done in a smart and comprehensive manner.
There are two types of retirement plans being presented by Kotak Mahindra. Both of these are traditional annuity plans that provide ordinary income post-retirement. The best thing about Kotak pension plans is that they are available online and offline as well.
Can be availed on-line
The annuity charge presented at the time of availing policy remains the identical in the course of life
Tax exemption may be availed on this plan
Kotak Premier Pension Plan helps you accumulate enough wealth for your retirement, while you are earning sufficiently and also offers assured benefits on death and vesting.
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!
As you grow older, you realize that while daily life in itself quite a challenge, retired life could even be extra difficult mainly without the comfort of regular income. To make sure normal profits at every stage in your retirement years, Kotak life retirement plans are good to go. These plans come with 4 annuity options which may be selected as according to the requirements of customers.
For people without dependents, Lifetime plan can be availed, which pays an everyday income until demise.
This guarantees that you will get a regular amount for the selected time chosen by you and it continues even after that time to the survival of the insured man or woman.
The date on which the settlement of insurance coverage comes to a stop and on which the survival benefits are payable.
In case you donít want to continue the policy, you have got the option of returning the authentic coverage, within 15 days from the date of receipt of the policy.
You can surrender insurance before maturity. A policy acquires surrender cost and payout of the give up value could be depending on the particular product class & capabilities.