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.
How does this plan work?
- 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
- 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
- Choose the retirement (vesting) age between the age of 45 and 75 years.
- Select the fund options to balance your risk profile and the tenure of investment.
- Opt for any of the rider benefits in the regular premium versions to enhance flexibility and boost benefits.
Eligibility
- Entry Age : Min – 18 years | Max – 60 years
- Term Min : Min – 10 years | Max – 30 years
- Maturity Age : Max - 75 years | Min – 45 years
- Regular Annual Premium : Min – Rs.10,000 p.a.
Contact for more details.
If you want a Life Insurance/ ULIP, Health Insurance or any kind of General Insurance and Mutual Funds, Please CALL/SMS us @ 9830329228 or Contact us. Thanks for visiting!
February, 2008
Hi- I am married with a 7 year old kid, working in a MNC. Our combined monthly income is 110k pm. HL EMI is 44k and car loan EMI is 9 k. Insurance premium is 10k pm. Household expenses are 25k pm. How to invest the balance 22k for the next 15 years so that I can retire at an age of 50 with the current expense level (inflation adjusted). Both of us are 35 now.
February, 2008
Based on info provide (which is inadequate), I can say that u can achieve financial freedom by ur age 50 yrs. Do a SIP in 4-5 Mutual Funds of the 22K with a 15 yrs horizon. First take up an adequate TERM/ULIP Insurance Cover.
February, 2008
Dear Sir, I want to know whether it is good to start investing in retirement planning such as LIC retire and enjoy plan at early age?
February, 2008
Hi Timir, first of all don't call me Sir, please.
It is DEFINITELY good to start investing at an EARLY Age. As then u can have the advantage of compounding on ur side. But it may not be the best option to invest money into the conventional/traditional LIC plan suggested by u. It would make more sense for u to do a ULIP or MF-SIP into a diversified Equity Mutual Fund.
Thanks for visit.