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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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.

People also read: NPS Calculator

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.

FAQ's

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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Kotak Life Pension Plan Calculator Reviews & Ratings

4.3 / 5 (Based on 24 Reviews)
(Showing Newest 10 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.
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