How
well you save and invest today will
make all the difference tomorrow between
having to work and choosing to work.
There is no better time than the present
to plan for what should be the best
years of life - your retirement. By
the time you retire, costs of living
would have increased substantially making
even the most basic commodities like
milk and vegetables costlier by probably
five times. Medical costs would have
doubled or more.
An
ideal retirement solution is the one
that gives you complete flexibility
and peace of mind, not only while you
save for your retirement but also after
you retire. To help you plan towards
the golden years of your life, we present
to you the Kotak Retirement Plan (Unit-Linked).
An investment plan designed to secure
your future, it assures that even though
you have stopped working, your income
does not. It is offered to you in three
versions – Regular Premium, With
Cover and Without Cover, in addition
to a Single Premium version. The regular
premium options come with the Kotak
“Seal of Guarantee”@. These
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.
Please note that in these plans, the
investment risk in the investment portfolio
is to be borne by the policyholder.
However, Kotak Life Insurance offers
you a Basic Sum Assured/ Guaranteed
Maturity Value on the Regular Premium
versions of this plan to safeguard against
the downside risk of falling markets.
"How
does this plan work?"
Step 1: Choose from the Regular Premium
With Cover and Without Cover Options
or the Single Premium plan based on
your need for protection from the harsh
uncertainties of life and the investment
markets
Step 2: Decide the amount of savings
(premiums) you may wish to allocate
to building your retirement kitty and
aiming for healthy cash flows in your
golden years.
Step 3: Choose the retirement (vesting)
age between the age of 45 and 75 years.
Step 4: Select the fund options to balance
your risk profile and the tenure of
investment.
Step 5: Opt for any of the rider benefits
in the regular premium versions to enhance
flexibility and boost benefits.
