Kotak Life Insurance has launched a new pension plan

Last Updated: Sep 18, 2015 | 1,335 Views
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.