The Kotak Retirement Income Plan is a savings plan designed to meet your post-retirement needs. It gives you the choice to remain independent even after retirement.
The Kotak Retirement Income Plan is a participating plan. The plan comes in two forms:
(i) With Cover (ii) Without Cover.
Advantages
You can opt to retire at any age between 45 yrs and 65 yrs.
Protection for your family in case of any unforeseen events like death.
On Retirement, you may take a lump sum in cash of up to a third of your Basic Sum Assured or Accumulation Account*, whichever is higher; and the balance can be used to buy annuity of your choice
You can make lump-sum injections into your policy at any time before retirement.
Automatic Cover Maintenance ensures that the cover remains in force even when you miss the premium payments.
You have the option of paying premiums in quarterly, half-yearly or yearly installments.
Kotak Retirement Plan - UIN 107N013V01. Insurance is the subject matter of the solicitation. This is a non-unit linked non-participating plan. For detailed terms and conditions, please read the product brochure carefully.
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