Kotak Life Insurance has Launched a New Pension Plan

Kotak Life Insurance has launched a new pension plan “ Kotak Premier Pension Plan” with assured benefits on death and vesting. Kotak Premier Pension Plan is a participating plan which provides the guaranteed additions in the first five policy years and bonuses accrue from 6 year onwards. 

Key features of Kotak Premier Pension Plan

Guaranteed Additions: A fixed percentage of Basic Sum Assured in the first 5 policy years

Earn bonus: 6th policy year onwards

Assured Benefit: 105% of Total Premiums paid on Death and on Vesting

Additional Protection: 2 optional riders 

Tax Benefit: Under section 80CCC on Income Tax Act

Kotak Mahindra Old Mutual Life Insurance Limited is a 74:26 joint venture between Kotak Mahindra Bank Limited, its affiliates, and Old Mutual. It is one of India' s leading banking and financial services organizations, offering a wide range of financial services.