Retirement Income Plan:

The Kotak Retirement Income Plan is a well designed plan to help you to remain competent enough to support yourself financially even after your retirement.

Invest your money in the Kotak Retirement Income Plan and enjoy your retired life in peace and sanctity with the knowledge that your needs will be well looked after.

The Kotak Retirement Income Plan is a complete plan which looks after all your worries not only as you save for your retirement but also after under the with cover or without cover plan.

The benefits you can obtain by buying a Kotak Retirement Income Plan are,
At the time of your retirement you are permitted to withdraw one third of your sum assured and with the remaining amount you can choose to buy any annuity either from Kotak Life Insurance or from any other registered insurance company.

If you are in a situation where you have to retire earlier than the usual retirement age, and if you have completed three years of the policy term, or you have completed 45 years of age, whichever is later, then you can enjoy the benefits of your accumulation account.

But if you have to retire early due to illness as the reason, then it is not necessary that you have to complete the age of 45 years.  You can still reap the benefits of your Accumulation Account.  If you retire later than the normal retirement age, not exceeding 65 years, you need not pay any more premiums.

In the event of your unfortunate death, your nominee is eligible to receive higher of the return of premiums paid and the accumulation account.  This amount can be used to purchase an annuity so that the nominee gets a replacement benefit suitable to his choice.

This is truly a plan which is tailor made for those who want to secure their retirement life as well as live in the same style and comfort that they were used to when they were in service. 

This is a plan which does a good job in securing yourself and your family’s future life.