Kotak Retirement Income Plan is a unit linked retirement plan. It gives you both an
insurance cover and an investment option. The plan gives you flexibility and complete financial security for your retired life. It has a choice of 5 fund options to choose from.
Kotak Retirement Income Plan comes in three options:
• Kotak Retirement Income Plan - Without Cover
• Kotak Retirement Income Plan - With Cover
• Kotak Retirement Income Plan - Single Premium
Benefits
1. This is a market linked plan which gives you a choice of investing in five different funds, Pension Balanced; Pension Bond; Pension Gilt; Pension Floating Rate; and Pension Money Market.
2. You can keep investing in these funds during the policy term by the top-up option.
3. Applicable Tax benefits under section 80C and 10(10D) of Income Tax Act,1961.
4. You get tax-free switching options between funds.
5. Benefit of ill-health retirement is also available.
Eligibility :
| Parameters |
Minimum |
Maximum |
| Entry Age |
18 years |
60 years |
| Maturity Age |
45 Years |
75 Years
(99 years for Without Cover option) |
| Annual Regular Premium |
10,000 |
|
| Annual Single Premium |
50,000 |
|
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
