The Kotak Guaranteed Pension Builder of Kotak Life Insurance plan is a retirement plan which ensures a comfortable retired life. This plan has a combination of the capital safety and inflation beating returns. This plan works for the security and the financial independence that allows saving in a systematic way for the coming years of the retired life. It gives a huge protection from the uncertainty of the equity markets.
The chief advantages of Kotak Guaranteed Pension Builder of Kotak Life Insurance are as follows:
- This policy gives the facility to choose the retirement age.
- No medical test is required for signing up for this policy.
- The policy also gives the benefits to switch between the fund options.
- The customer can increase the contributions by the way of top up premiums.
- The customer can enjoy the unlimited upside from the capital markets with a downside security through capital guarantee.
The key features of Kotak Guaranteed Pension Builder of Kotak Life Insurance are as follows:
- The policy holder can opt for the age of retirement from 45 years to 99 years.
- The ill health can strike suddenly and thus cause in to retirement.
- The ill health helps to cope up with the circumstances if the customer has completed 3 years of the policy.
Security of Capital Guarantee
- This facility protects the money from the capital losses.
- It offers the capital guarantee which is same to the total amount of the paid premium during the policy term, if all the premiums have been paid in full term.
Flexibility of Premium Payment
- The policy gives the facility to pay for a short term if the policy holder is not sure about the income.
- The policy term is of 10 years.
- The premium payment term is of 3 or 5 years.
- The premiums can be paid annually, half yearly, quarterly and monthly.