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Insurance Company
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Kotak Mahindra Old Mutual Life Insurance Ltd
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Plan Name
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Kotak Retirement Income Plan (Unit Linked)-Single Premium
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Plan Nature
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ULIP
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Plan Category
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Retirement Plan
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UIN No.
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107L025V01
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About Plan
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Kotak Retirement Income Plan (Unit Linked)-Single Premium is an investment plan designed to secure your future, it assures that even though you have stopped working, your income does not. It comes with the Kotak ôSeal of Guarantee. This plans have been designed to ensure that your money earns you handsome returns, safe from the vagaries of the capital market, so that you can retire comfortably and securely.
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Minimum Entry Age
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18Yrs
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Maximum Entry Age
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60Yrs
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Minimum Policy Term
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5Yrs
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Maximum Policy Term
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30Yrs
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Minimum Maturity Age
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45Yrs
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Maximum Policy Term
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75Yrs
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Minimum Premium
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Rs.50000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity, you can get up to one-third of the total funds (Main Account plus Top up Accounts) as a lump sum in cash. And the balance can be used to buy and annuity from the insurer.
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Death Benefits
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In the event of death, the beneficiary would get value of units in the Main Account or sum assured of 1.02 times the single premium. plus, if you have made Top-up Premiums the beneficiary would get back the value of units the Top-up Accounts.
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Surrender Benefit
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For reasons other than ill-health, surrender of the policy contract is permitted after the third policy year or on attainment of age 45, whichever is later.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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| No data for Plan Speciality |
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Aggressive Growth
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Dynamic Growth
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Opportunities Fund
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Pension Balanced
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Pension Bond
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Pension Floating Rate
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Pension Gilt
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Particulars
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Range
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Aggressive Growth
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Equity
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60% - 100%
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Debt
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0% - 40%
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Dynamic Growth
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Equity
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40% - 80%
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Debt
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0% - 40%
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Cash & Money market
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0% - 20%
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Opportunities Fund
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Equity
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75% - 100%
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Debt
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0% - 25%
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Pension Balanced
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Equity
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30% - 60%
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Debt
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20% - 70%
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Cash & Money market
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0% - 20%
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Pension Bond
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Debt
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0% - 100%
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Cash & Money market
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0% - 20%
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Pension Floating Rate
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Debt
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0% - 100%
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Cash & Money market
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0% - 20%
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Pension Gilt
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Debt
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80% - 100%
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Cash & Money market
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0% - 20%
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Aggressive Growth Fund
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17-Jun-13
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37.3798
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Dynamic Growth Fund
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17-Jun-13
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39.4689
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Opportunities Fund
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17-Jun-13
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22.4402
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Pension Balanced Fund
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17-Jun-13
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34.2775
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Pension Bond Fund
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17-Jun-13
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22.2192
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Pension Floating Rate Fund
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17-Jun-13
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18.2747
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Pension Gilt Fund
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17-Jun-13
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20.9291
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Aggressive Growth
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Dynamic Growth
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Opportunities Fund
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Pension Balanced
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Pension Bond
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Pension Floating Rate
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Pension Gilt
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21-Jan-09
11:52
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Kotak Life ties up with DHFL Vysya
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15-Jan-09
14:10
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Kotak Life registered a growth of 63%
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24-Dec-08
14:50
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Kotak Life launches interactive Web site
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22-Oct-08
12:10
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Kotak Life launches Kotak long life
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16-Oct-08
11:59
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Insurance cover for student loans
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15-Oct-08
09:35
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Allahabad Bank signs MoU with Kotak Life Insurance
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01-Sep-08
09:35
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Other Insurers to follow Kotak's strategy on cut insurance cost
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28-Aug-08
20:41
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Kotak Life insurance brings down term plan rates up to 40%
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