Kotak Retirement Income Plan:

Like ants one should work hard and save for the future.  Invested your retirement money in the Kotak Retirement Income Plan. 

One will have a lot of commitments in the future to save for, like children’s higher education, marriage, setting them up in business, etc.  So, what we invest today, can be used for these purposes tomorrow even if we are retired.

The Kotak Retirement Income Plan is a complete plan which looks after expense incurred in retirement with the many fund options to choose from from according to your convenience so that you can save a good lump sum towards your retirement.

There are two variants in which the Kotak Retirement Income Plan comes in.  They are the Kotak Retirement Income Plan with cover and the Kotak Retirement Income Plan as a single premium.

The benefits you can obtain by buying a Kotak Retirement Income Plan are,
This plan is linked with the stock market, hence this plan offers you five fund options. 

They are the Pension Balanced, Pension Bond, Pension Gilt, Pension Floating Rate, Pension Money Market.  Watch your investment grow and enjoy the same benefits at retirement time too.

Extra investments can be added to the existing policy in the name of top-ups which would benefit the nominee after the death of the policy holder.

The maturity benefit offered by this plan at the time of retirement gives one the privilege of withdrawing one third of the total investment and with the remaining amount you can purchase an annuity either from Kotak Life Insurance or if you wish you can buy an annuity from any other insurance.  

In case of death of the policy holder the nominee is eligible to receive the basic sum assured or fund value in the Main Account, whichever is higher as well as the top-up additions if you have any. The Kotak Retirement Income Plan with cover offers this benefit.  

But with the Kotak Retirement Income Plan as a single premium, your nominee is eligible to receive the sum assured or the fund value in the Main Account, which ever is higher as well as the Fund value in the top-up additions, if you have any.

If one needs to secure their retirement life as well as life in the same style and comfort that they were used to when they were in service, this is the perfect plan.