Kotak Life Insurance Second Innings Plan

With a comfortable lifestyle and a happy family, today you are enjoying life to the full. Pause for a moment and think about tomorrow when you will stop working. Wouldn’t you still want to give your family all these comforts and much more? The decisions you take today are going to shape your future. So you need to ensure that you take the right step now.
Introducing Kotak Second Innings Plan – a cost effective market linked plan which ensures that you save systematically and build wealth so that you can enjoy life even after you retire.
Why An Ideal Plan
Kotak Second Innings Plan is a retirement solution that ensures maximum allocation of your premiums. Bonus additions further enhance your retirement kitty while diverse fund options offer flexibility to invest as per your risk appetite.
  • No premium allocation charge1 to maximize your accumulation potential
  • Well defined fund options to suit your risk profile
  • Guaranteed Bonus2 additions to enhance your fund value
  • Enjoy regular income after your working life
  • Flexibility to choose your annuity options
1Other charges are applicable as mentioned in the section on charges
Key Features
Wealth Maximization for your Retirement
Kotak Second Innings Plan offers full unit allocation throughout the policy term. This ensures that your investment moves swiftly towards accumulating wealth for your retired years.
Avenues to Reach Retirement Goals
To meet your future retirement goals, it is really important for your investment to generate ‘real’ returns, i.e. returns that grow faster than inflation does. This plan offers you six well defined funds, each of which is carefully designed to suit your individual needs.
Guaranteed Bonus2 to Enhance Your Fund Value
Since saving for retirement is a long term goal, regular and systematic savings will help create a large accumulation. If you pay your premiums regularly, Guaranteed Bonus2 as a percentage of your prevailing annualized premium will be added to your Fund Value in the Main Account as mentioned below.
At the end of 10th policy yearAt Maturity
Guaranteed Bonus215%2% for each policy year from the 11th policy year onwards
2Guaranteed Bonus will be credited to the Main Account at the end of the 10th policy year and at maturity if the policy is in force at that time. The bonus is calculated as per the revised policy term in case the retirement age has been pre-poned or postponed.
Death Benefit
In the event of death, the beneficiary will receive the Fund Value in the Main Account and Top-Up Accounts, if any. This amount may be taken as follows:
  • As a lump sum or
  • Entire amount as an annuity
  • Partly as lump sum and the balance amount as an annuity
 Tax Benefit
You can avail of tax benefits under Section 80 CCC (1) of the Income Tax Act, 1961. Tax benefits are subject to change in the tax laws. You are advised to consult your Tax Advisor for details.


Download its brochure here.

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