Kotak Life

Kotak Lifetime Income Plan

Kotak Life Insurance presents Kotak Lifetime Income Plan – A non-linked and nonparticipating immediate annuity plan that gives you the assurance of regular stream of income throughout your lifetime life.
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Kotak Life insurance review

Kotak Life Insurance plans
Distribution - Number of branches pan India (March 2019)
244
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/40
Solvency Ratio (FY 2018-19) *
3.02
Number of Policies Sold (Ind+Group) *
316,150
Number of Lives Covered (Ind+Group) **
15,530,695
Claims Settlement Ratio (Ind+Group) ***
99.01%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Kotak Lifetime Income Plan Overview

  • Key Benefits
  • Eligibility

Key Benefits of Kotak Lifetime Income Plan

  • 6 annuity options to choose from
  • Issued annuity rates are guaranteed for lifetime
  • Higher Annuity Rates for Higher Purchase Price

Eligibility Criteria of Kotak Lifetime Income Plan

Eligibility Criteria Minimum Maximum
Policy Term (in years) Lifelong
Premium Payment Term (in years) Single
Entry Age of Life Insured (in years) 45 99
Entry Age of Spouse (in years) 35 99
Age at Maturity (in years) - Whole Life
Single Premium (in Rs.) 50,000 No Limit
Payment modes Single

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025