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.