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KOTAK Retirement Income Plan and Kotak Capital Multiplier Plan are the latest products from Om Kotak Life Insurance Company. Kotak Mahindra Capital Multiplier is an endowment plan, with the option to continue for an additional 15 years. The policyholder will also be able to choose the entry timing and extent of withdrawals.

At the vesting age, the full amount or 50 per cent of the basic sum assured can be withdrawn. Policyholders can opt for an earlier vesting age against the maximum of 65 years. The Kotak Retirement Plan offers the policyholder a third of the basic sum assured, or the accumulation amount in lump sum. The rest can be used to buy an annuity from Om Kotak or any other insurance company after the completion of the premium payment period.

BL Research Bureau

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