| 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.
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