Kotak Life Pension Plan Calculator

Securing the future with a pension plan is necessary. With a range of pension plans available in the market, choosing an adequate plan might be a little confusing for the individual. Kotak pension plan calculator assists in calculating policy instalments, sum assured, and similar other details. An individual can know details of a pension plan before finalising one by using the Kotak Life pension plan calculator.

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  • Get Tax Free Pension For Life

  • Flexibility to withdraw fund value any time

  • Guaranteed Tax Savings

    Under Sec 80 C & 10(10D)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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Why Should You Use Kotak Life Pension Plan Calculator?

As multiple options are available in the market, it might confuse an individual on choosing the right option. The Kotak Life Pension Plan Calculator acts as a platform for helping an individual to compare between various available options and choose the best plan for the individual. Kotak Pension Plan Calculator is available online for free. This calculator can be used multiple times for getting the results of various plans.

How To Use Kotak Life Pension Plan Calculator?

Kotak Life Pension Plan Calculator is a hassle-free tool that can be used online. The following steps must be followed for using the Pension Plan Calculator:

  • Go to the official website of Kotak Life Insurance online.
  • Click on the "Insurance Plans" and then click on "Tools and Calculators."
  • Under the product category, choose the required life insurance plan and then click on "Proceed."
  • On the following page, the individual has to provide their details like – Name, Gender, Date of Birth, Income (salary per annum), Premium Payment mode, etc.
  • Once the personal details are filled in, the individual has to click on the "Continue" button.
  • The following page requests the details of the pension plan chosen by the individual like – Sum assured amount and policy tenure.
  • After providing the required details, an individual has to click on "Continue" to get the result like policy premium and repayment.
  • Once the result pops up, the individual can decide on finalizing the plan or choosing a new plan.
  • If the individual decides to choose a new plan, they have to follow all the steps from the beginning to get different results.

Advantages of Using Kotak Life Pension Plan Calculator

Various advantages of this pension plan calculator are:

  • Time Effective – Kotak Life Pension Plan Calculator saves time that would be spent on hefty calculations. Since it is available online, people can easily calculate their premium anywhere and at any time as per their convenience. Thus, this online calculator is time-efficient for its users.
  • Cost-Effective – A pension plan calculator is an online tool that can be used for free.
  • Comparing – By using online calculators, customers can easily compare various available options.
  • Finalizing – After comparing various plans, customers can quickly finalize the pension plan according to their needs.
  • Policy Details – Many customers choose their pension plans without having a detailed knowledge of the plan. Thus, an online calculator can be used for getting detailed information about their pension plans.

Information Required

Basic information about a customer is necessary for buying Kotak Life Pension Plan. The following is the list of information required for using the calculator and further buying the policy:

  • Name of the Individual
  • Gender
  • Date of Birth
  • Salary per Annum
  • Premium Payment Mode
  • Policy Tenure period
  • Estimated Sum Assured amount

NOTE: While choosing the sum assured amount, customers should keep in mind their plans and dreams before confirming an estimated sum assured amount.

Benefits of Buying Kotak Life Pension Plan

Kotak Life Pension Plan covers various scenarios, and there are many benefits that a customer can enjoy by taking this plan. Some of their benefits are listed below:

  1. Sense of Security 

    By having a pension plan, customers can secure their and their family’s future. The individual doesn't need to stress about their retirement period or any future misfortunes. This plan provides a sense of security to the customer.

  2. Steady Income Replacement 

    During retirement, the sum assured amount provided upon the policy maturity will act as a steady income replacement. Policy buyers can continue with their life without any change in their lifestyle.

  3. Time for hobbies 

    With Kotak Life pension plan as a backup plan, the customer can finally spend time on their hobbies or dreams like – going abroad, building a house, or even starting a new business.

  4. Tax Benefits 

    Tax benefits are provided as per the Income Tax Laws of India.

    *Tax benefits are subject to change as per tax laws. Standard T&C Apply.

  5. Flexible-Premium payment 

    Another benefit is the flexible premium payment provided by the Kotak Pension plan. The customer can choose the premium as – monthly, yearly, half-yearly, or quarterly payments depending upon their convenience.

  6. Sum Assured Benefits 

    Sum assured benefits are provided by Kotak Life Pension plans are minimum guaranteed benefits. This is paid at the time of death wherein 105% of the sum assured will be paid to the nominee of the policyholder.

    *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply.

  7. Death Benefits 

    Death Benefits are provided upon the unfortunate death of the policyholder. The nominee of the policyholder can receive death benefits.

In Conclusion

Kotak Life Pension Plan Premium rates differ depending upon the policy tenure, sum assured amount, age of the policyholder, and critical illness like diabetes. However, the pension plan's premium rates will be provided when an individual uses Kotak Life Pension Plan Calculator online. Customers can know their premium beforehand and purchase the policy accordingly.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 24 Reviews)
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Kotak Life Pension Plan Calculator Reviews & Ratings

4.3 / 5 (Based on 24 Reviews)
(Showing Newest 24 reviews)
Ekta
Kanpur, July 20, 2016
Coverage Is High
I have pension plan which purchase from kotak life. The service is fantastic, online service is so simple which can be access by anyone. Easy renewals though online portal. The executives and staff response so well to the customers which makes policyholder so comfortable.
Bhanu
Deoli, July 20, 2016
Good Service
Kotak life is very popular insurance company right now, i took pension plan from them in very low premiums. The service is fast and the claims are high. Policy coverage is high approx. 91% and it reduces the percentage of the tax paying.
Nirbhaya
Chandipur, July 11, 2016
Pension Policy
My pension insurance plan i purchased in low investments, the premiums is also less but the returns are high. Policy coverage is good and claims are simple to clear due to fast service given by staff members. Online service is also easy to operate and access it.
Abhilasha
Akbarpur, June 29, 2016
Good
The pension plan I have is good insurance policy. Service provided by your staff of your company is good and fast too. The internet service is also nice and easily accessed. Good investment for my future. The any updates regarding the policy is mailed to me.
Himanshu
Dwarka, April 25, 2016
Marvelous
I purchase kotak life pension plan for my father. My father happy with the policy and its benefits. Policy coverage is high ~91% and the premium amount is low. The amount of Rs.45 K is given per month after the policy mature. The behaviour of executives and staff members are nice. Nice services, good work.
Kushagra
Nasik, April 25, 2016
Awesome Policy
I have a pension policy plan like every one does. The policy is great with high returns and low premiums. Policy coverage is also nice ~ 92% and service is fast. Really good job guys, you provide best services. Great future investment with tax saving.
Rohit
Jodhpur, April 25, 2016
Great Plan
My pension policy plan is suggestion of the friend, So i took it from kotak mahindra life insurance which really good insurer. Staff members and executives provide good and quick services. Policy coverage is good approx. 89% but the premiums are normal. Good terms in compare with other companies.
Harish
Ahmedabad, April 25, 2016
Satisfactory
Recently took kotak life pension plan. Great retirement plans with low premiums and nice policy coverage. The service providers are cooperative and doing there jobs very nicely. Claims easy to get and time period is less. Nice deal, satisfied.
Tanishk
Chennai, April 25, 2016
Good Service
Kotak life pension plan I have which is really very nice. Plan is an average one with okay services, 77% policy coverage, Rs.40 K per month returns. Good future investment which reduces my taxes too. The behaviour of the executives and staff members. Manageable.
Bhasker
Navi_mumbai, April 25, 2016
Totally Safe
I have my pension plan from kotak mahindra life insurance. Policy coverage is good ~90%. Service is also nice provided by the executives and stuff, the claim sanctioning easily. The executives and staff members are doing there work very nicely. Good future investment and save taxes.
Vikas
Chota_udepur, April 25, 2016
High Returns In Low Premium
I got pension plan from kotak mahindra life insurance. The policy coverage is ~85%. No doubt the service is good. The claiming experience i don't have yet. Good future investment with low premiums and save taxes too. The behaviour of executives and staff members are really very nice.
Harindra
Darjeeling, April 25, 2016
Tax Saver
I got a very fine policy kotak life pension plan. Now, I'm tension for future. The coverage is good around 91%, service is great and fast too, even the claims are fantastic. Great behaviour of executives and staff members, Good future investment and tax saver, i like it.
Lalit
Chatra, April 25, 2016
Better Plan
I found the best pension plan for old age with kotak mahindra life insurance. The plan is for my mom and she like the policy very much. The policy coverage is 82% and return is ~Rs.35 K per month. The service is good and the amount is directly transfer to mom bank account. I so stress free now.
David
Koriya, April 25, 2016
Awesome Policy
I own the kotak life pension plans. The investment is low and the returns is huge. Policy coverage is high approx. 89% and claims are even better. The service is awesome with very calm behaviour of executives and team. Good future investment and it saves taxes also.
Nitin
Iswarpur, April 25, 2016
Fantastic Plan
My friend suggested me to invest money for future so i invest my money with kotak mahindra life insurance and buy kotak life pension plan. The policy coverage is high ~91% and the claim is around Rs.41 K per month after policy get mature. Good future investment which reduces taxes too. Great services.
Jayant
Mumbai, April 25, 2016
Better Policy
I invest my money for my future security with kotak life pension plan. Policy coverage is 88% and claims are around 41 K per month. Service is good and executives behave well. Good future investment which saves tax also. Nice policy plan.
Lakshay
Chittoor, April 25, 2016
Quality Investment
I purchase kotak life pension plan. I'm relaxed now for my future, the returning amount is 46 K per month after the policy end. The policy coverage is 89% and claims are also high with low premiums. The behaviour of the executives and staff members are really very good. Nice policy.
Deepak
Bhubaneswar, April 25, 2016
Above Average
I purchase kotak life pension plan. Plan is good with nice services and always on time. Policy coverage is 90% and the claim is of Rs.40 K per month after policy ends. Investment is low and returns are high. The behaviour from executives is nice. Good future investment with tax saving.
Rohit
Kashipur, April 25, 2016
Satisfactory
I buy pension policy for my parents. My parents are happy with the policy due to low premiums. The returns are high ~Rs.42 K per month for each. The policy coverage is high ~87% and service is rapid and on time. The online facilities are simple and easily accessible. Good job guys.
Saajid
Ratnagiri, April 25, 2016
Trustworthy
My pension policy plan is with kotak mahindra life insurance. The policy has good coverage approx. 87% with low premium. Claims are also high and the returns is Rs.34 K per month after policy end. Service is fantastic and the executives do best work. Good investment for future and taxes are also reduced.
Yajan
Indore, April 25, 2016
Average
My friend suggested me to invest money for future so i buy kotak life pension plan. The policy coverage is high ~81% and the claim is around Rs.32 K per month after policy get mature. Great services with fast interface provided by executives and staff members. Good future investments with tax saving.
Uttam
Bistupur, April 25, 2016
Very Nice
I have kotak mahindra life insurance pension policy plan which has low premiums and payed quarterly. Policy coverage is 85% and claims are high and the payback amount is around Rs.38 K per month. Service is very good and fast. The policy is nice investment for future and it is good tax saver too. Nice plan.
Kishore
Karnal, April 25, 2016
Fine
I got a very good policy plan from kotak mahindra life insurance. The policy is great for future investment nice pension policy plan. The coverage is good ~91%, service is great, even the claims are the best. Good behaviour from executives and staff members. Great policy, very happy with it.
Prashant
Allahabad, April 25, 2016
Good
My pension policy plan is suggestion by the friend, So i took it from kotak mahindra life insurance. Staff members and executives provide good and quick services. Policy coverage is good approx. 83% but the premiums are normal. Good terms and conditions in compare with other. Best future investment and it saves taxes too.
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