Kotak Lifetime Income Plan

Recommendations :No

Name of the policy :
Kotak Lifetime Income Plan

A brief desciption :

Kotak Lifetime Income Plan is a traditional endowment plan specially designed to cater to your retirement needs. Retirement plans invest in debt products further deduct loads of charges from the returns earned giving you returns way below a simple Fixed Deposit. So it is always advisable to create your own corpus through investments in Mutual Funds. Moreover opting for Systematic Withdrawal Plans provides the same benefit of periodic income with a higher degree of income than such retirement plans.

Started date :18/9/2008
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Returns expected :Less than Fixed Deposit
Entry age :45-99 Years
Surrender :No Surrender Benefits are paid
Minimum amount :Single Premium Min- 50,000 Max- No limit

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