Kotak Life Insurance unveils Assured Income Plan

NEW DELHI: Kotak Life Insurance, has announced the launch of Kotak Assured Income Plan, to provide guaranteed annual income to the policyholder for 20 years.

“The Kotak Assured Income plan provides life cover for 30 years for a premium payment term of 15 years,” the company said in a statement today.

Under the plan, it would provide guarantee of a second income of up to 10.1 per cent of the sum assured to the insured for a period of 20 years.

The investment in this scheme is eligible for income-tax deduction.
Kotak Mahindra Old Mutual Life Insurance is a joint venture between Kotak Mahindra Bank and Old Mutual Plc. The company is one of the fastest growing insurance companies in India and has shown remarkable growth since its inception in 2001. It is popularly known as KLI. It offers life insurance to retail customers and also to group business and provides cover to over 3 million people.