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Kotak Premier Pension Plan

Kotak Life Insurance presents Kotak Premier Pension Plan that helps you to accumulate a retirement kitty for the golden years to help you lead a comfortable and worry-free retirement 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 Premier Pension Plan Overview

  • Key Benefits
  • Eligibility

Key Benefits of Kotak Premier Pension Plan

  • Guaranteed Additions A fixed percentage of Basic Sum Assured in the first 5 policy years
  • Earn bonus from 6 policy year onwards
  • Assured Benefit of 105% of Total Premiums paid on Death and on Vesting
  • Additional Protection through optional riders

Eligibility Criteria of Kotak Premier Pension Plan

Eligibility Criteria Minimum Maximum
Entry Age (in years) 30 For Regular and Limited Pay - 55 years
For Single Pay - 60 years
Vesting Age (in years) 45 70
Sum Assured (in Rs.) 2 lacs 2 lacs
Policy Term (in years) Regular Pay: 10 - 30
Limited Pay: 10 Pay: 15 - 30
12 Pay: 17 - 30
Single Pay: 10 and 15
Premium Payment Term (PPT) Regular Pay: Same as policy term
Limited Pay: 10 and 12 years
Single Pay
Premium Payment Term (PPT) Yearly, Half yearly, Quarterly, Monthly

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