• Kotak Life Insurance Pension Plans

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Kotak Mahindra is one of the leading financial service provider of the country. The bank provides financial services across a host of domains. These include commercial banking, stock broking, insurance products and investment banking.

    Under the insurance umbrella, Kotak Mahindra offers products like life insurance protection plans, child plans and savings and investment plans. Kotak life insurance pension plans are a great way to ensure a fixed regular income even after retirement. These plans ensure that your retirement planning is done in a clever and comprehensive way.

    Types of Kotak Life Retirement Plans

    There are two types of retirement plans being offered by Kotak Mahindra. Both of these are traditional annuity plans that provide regular income post-retirement. The only difference being that one of these plans is available online while the other can be availed only by walking into your nearest Kotak Mahindra office.

    Kotak e-Lifetime Income Plan

    This pension plan can be availed online and gives a regular income to the insured person. The plan can be availed by keeping a lump-sum amount to Kotak and then enjoying returns on the same throughout the plan tenure.

    Benefits:
    • Can be availed online
    • The plan is available in four annuity options
    • The annuity rate offered at the time of availing policy remains the same throughout life
    • Tax exemption can be availed on this plan

    Kotak Lifetime Income Plan

    Get this plan in order to ensure an independent lifestyle even after your retirement. This play can also be bought for your parents to guarantee a carefree retirement life for them.

    Benefits:
    • Apart from annuity options it gives customers four annuity payout frequency options too
    • A hassle-free access to income via direct credit to bank accounts and cheque payments
    • Assured death benefit depending upon the type of annuity availed
    Example:

    Mr. Sharma is a retired private sector employee. At the age of 46 years, he decided to set aside money for his superannuation. After going through various pension plans offered by different insurance companies, he chose the Kotak Lifetime Income with cahsback plan from Kotak Mahindra. He paid a lump-sum premium of Rs.15,00,000 towards Kotak Mahindra which has now enabled him to earn a regular income every month. Also, this insurance policy ensures that the initial sum of Rs.15,00,000 is paid back to Mr. Sharma’s wife (nominee) in the event of his sad demise. Since, Mr. Sharma has a wife who is dependent on him, this plan works well for him.

    Why Kotak Life Pension Plans?

    As your grow old you realize that while day-to-day life is in itself quite a challenge, retired life could even be more challenging especially without the comfort of regular, disposable income. To ensure a regular income during your retirement years, Kotak life retirement plans are a good option. These plans come with four annuity options which can be chosen as per requirements of customers.

    • For people with no dependents, Lifetime Income plan can be availed which pays a regular income until death and ceases thereof.
    • Lifetime Income with Cashback plan is best-suited for customers with dependents who get the initial lump-sum back in case of the insured person’s demise.
    • For people who have continued liabilities, Lifetime Income with a term guarantee is the best plan. This ensures that you are paid a regular amount for the term (5/10/15/20 years) chosen by you and it continues even after that term till the survival of the insured person.
    • The last survivor lifetime income plan is best suited for people who have a spouse to provide for. This plan pays a regular amount of income throughout life and continues even after the annuitant’s death.

    Tip for Availing Pension Plans

    Apply for your Kotak retirement plan online to avail your policy at cheaper rates.

    Retirement plans by Kotak are a great way to build for your superannuation. These plans make sure that your money is being put to good investment while providing you with regular income and also a death benefit, in some cases.

    Other Kotak Life Insurance Plans

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Kotak Life Pension Plans Reviews

  • Page 1 of 12 1 2 3 4 5
    • Kotak Life Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance with Kotak Life from last 2 years and it is a long term policy. I am happy with the returns and tax benefits of this policy. I pay my premium once in 3 months and i am convenient with the payment options. The maturity period for this policy is 10 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 14, 2018
    • Kotak Life Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I am having the Life insurance policy with the KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE company. I got this policy around 14years ago. This policy has the tenure of 20years. I pay the premium amount of Rs,2500 every year once. The plan benefits and the coverage is good with this policy and i am satisfied using it .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2018
    • Kotak Life Life Insurance
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I've been using the life insurance policy from Kotak Mahindra . I pay a premium of 70000 per annum. The main objective of this policy is to save on taxes. I never had any issues with their services. Overall it has been a good experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 07, 2018
    • Kotak Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      Kotak Mahindra Life Insurance service is good. I have one policy with Kotak Mahindra for the tenure period is for 15 years. The online portal is good with Kotak Mahindra Life Insurance service. The payments will be deducted through Ecs. It was a good experience with Kotak Mahindra Life Insurance service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 23, 2018
    • Kotak Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      Kotak Mahindra Life Insurance service is good. I have one policy with Kotak Mahindra for the tenure period is for 15 years. The online portal is good with Kotak Mahindra Life Insurance service. The payments will be deducted through Ecs. It was a good experience with Kotak Mahindra Life Insurance service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 23, 2018
    • Kotak Life Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken a term insurance with Kotak Life since 2011, it is a long term policy with the tenure period of 25 years. I pay a premium of Rs 12000 every year through net banking and i am convenient with the payment options. I have a health coverage of Rs 35 lakhs and accidental coverage of Rs 50 lakhs in this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 18, 2018
    • Kotak Life Life Insurance
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have a Life insurance policy taken from Kotak Life, I got very good plan benefits on this policy, the policy is for 16 years, and I have to pay only for 8 years and I receive the money after 8 years. I pay the premium on yearly basis, over all I am happy with the policy and satisfied with it.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 12, 2018
    • Kotak Life Life Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      I have got the Life insurance policy from the KOTAK MAHINDRA OLD MUTUAL LIFE INSURANCE company around 3years. This policy has the tenure of 12years . I pay the premium amount of Rs,1,00,000 per annum. I pay the premium annually, I pay it through online.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 05, 2018
    • Kotak Life Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I am using Kotak Mahindra for past 7 years. I have taken a endowment policy. I used to pay Rs.30,000 per annum as a premium. I got the insurance papers on time. The total tenure period is 7 years. After the maturity period I will get the sum assured value.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 13, 2018
    • Kotak Life Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Life insurance with LIC.The premium amount is 18,000.The policy is taken eight years back.The sum assured is 1.05 lakhs.The policy is for 15 years.I don't have claim experience with them.The plan name are benefits.I make online payments.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 10, 2018
    • Kotak Life Life Insurance
      "Average Service"
      0.5 3.5/5 "Pretty good"
      Kotak Mahindra Life insurance service is good. The payments procedure was been online and also through cheques. The new schemes and offers are good. I have one policy with Kotak Mahindra. It is a average service from Kotak Mahindra Life insurance service.
      Was this review helpful? 0
      , namakkal
      Reviewed on Mar 05, 2018
    • Kotak Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I got the LIFE INSURANCE policy from KOTAK LIFE around 2 years ago. The customer support service is good with the KOTAK LIFE, I pay the premium through ECS mode which is a easiest way to do pay the premium . I pay the premium of Rs,35000 annually. This policy has the tenure of 15years .
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 27, 2018
    • Kotak Life Life Insurance
      "Good"
      0.5 2.0/5 "Expected more"
      I am having the life insurance policy with the Kotak mahindra life insurance company. Customer service is good one for me with them and the coverage value is not aware by my end. Services are fine one with the Kotak mahindra insurance company.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 09, 2018
    • Kotak Life Life Insurance
      "Okay"
      0.5 3.0/5 "Satisfactory"
      I am having the life insurance policy with the Kotak mahindra old mutual life insurance company. I would like to say that the customer service is okay one for me and the coverage value is not yet aware. Premium amount is nominal one for me with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Feb 02, 2018
    • Kotak Life Life Insurance
      "Good Life Insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken a Child plan from them. I have been paying a premium of Rs.44000 annually for this scheme. When my child reaches the age of 8 and upto 15th year I will be getting Rs.44000 yearly as a return and also a good sum assured. This is a good investment I have made.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 23, 2018
    • Kotak Life Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had taken a life insurance from Kotak Mahindra life Insurance .I pay a minimum premium amount its debited from my salaried account once in year.I get a good policy policy coverage amount.The executives do respond on time without much delay.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 12, 2018
    • Kotak Life Life Insurance
      "Dis satisfactory"
      0.5 3.5/5 "Pretty good"
      Earlier I had taken a life insurance with Kotak. It was taken for a limited period of 3 years since I had a financial problem and have been forced to close this insurance. After completing the 3 years, I had submitted back and the total amount was not satisfactory.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 30, 2017
    • Kotak Life Life Insurance
      "Wonderful"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Kotak mahindra old mutual life insurance company. Coverage value is good one with the Kotak mahindra old mutual life insurance company. Everything is fine one with the Kotak mahindra old mutual life insurance company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 30, 2017
    • Kotak Life Life Insurance
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Life Insurance with Kotak Mahindra Life.The premium amount is paid online or by an ECS.I get a policy coverage of 8-9 lakhs.I don't have a claim experience with them so far.I pay a premium amount of 62,000 per annum.The website is easy to understand and navigate.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 21, 2017
    • Kotak Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have Life insurance policy with Kotak Mahindra Mutual Life insurance from last 7 months and this is a term insurance. The tenure of this life insurance policy is 40 years and i pay a premium amount of Rs 390/ month through net banking and the payment options are convenient for me. I have a coverage amount of Rs 46 lakhs which is less when compared to other insurance policies.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Dec 16, 2017
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