Income that can start as early as Month 1 or Year 1, with life cover up to age 85.
A modern participating savings plan crafted for regular income flow and long-term legacy creation.
Kotak Get Assured Income Now (Kotak GAIN) is an individual, non-linked, participating life insurance savings plan designed for families and professionals seeking continuous liquidity without sacrificing long-term security. Unlike traditional endowment plans that lock your wealth until policy maturity, Kotak GAIN gives you the choice to receive regular income payouts as early as the end of the first policy month or first policy year.
The plan offers complete financial adaptability through three distinct plan options: receive early income for immediate recurring cash needs, let your payouts automatically purchase Paid-Up Additions (PUAs) to compound your wealth exponentially, or use Guaranteed Loyalty Additions to offset your future premium payments. Whatever your personal milestone, Kotak GAIN adapts smoothly to your life journey.
With convenient limited premium payment terms of 6, 8, 10, or 12 years, you only pay for a chosen short window while your comprehensive life cover safeguards your family up to age 85. In addition, the plan provides specially enhanced benefit structures for female lives, making it a powerful vehicle for women's independent financial planning and multi-generational wealth preservation.
Comprehensive protection, guaranteed payouts, and participating bonus participation built into one plan.
In the unfortunate event of the life insured's demise during the policy term, the nominee receives the highest of: (1) Sum Assured on Death (10x or 11x Annualised Premium based on entry age), (2) Sum Assured on Maturity, or (3) 105% of total premiums paid up to death. Plus, any accrued Paid-Up Additions, Interim Bonus, and Terminal Bonus declared are paid out in full, 100% tax-free under Section 10(10D).
Upon surviving the complete policy term, you receive the Sum Assured on Maturity (calculated as Annualised Premium × PPT × Maturity Booster factor). In addition, you receive any accrued Guaranteed Loyalty Additions (Option C) or accumulated Paid-Up Additions (Option B), along with any declared Terminal Bonus, creating a substantial milestone corpus.
Under Option A (Early Income), you enjoy regular income payouts comprising Guaranteed Income plus declared Cash Bonuses. These payouts start as early as the end of the 1st policy month (for monthly payouts) or 1st policy year (for annual payouts), providing predictable liquidity while keeping your full life cover intact.
As a participating plan, Kotak GAIN allows you to share in the operational profits of Kotak Life's participating fund. Benefits may include regular Cash Bonuses (payable immediately or deferred), Interim Bonuses, and Terminal Bonuses at maturity or death, amplifying your total returns over the policy horizon.
Clear, transparent criteria designed to accommodate a wide range of ages and financial goals.
| Parameter | Details & Criteria |
|---|---|
| Minimum Entry Age | 90 days (0 years) |
| Maximum Entry Age | 50 to 55 years (varies based on chosen Premium Payment Term) |
| Maximum Maturity Age | Up to Age 85 |
| Policy Term (PT) | Up to Age 85 or fixed 40 years |
| Premium Payment Term (PPT) | 6, 8, 10, or 12 years (Limited Pay) |
| Minimum Sum Assured on Maturity | ₹4,00,000 |
| Minimum Annualised Premium | ₹50,000 p.a. (subject to minimum sum assured) |
| Maximum Sum Assured / Premium | No limit (subject to underwriting and board-approved financial scrutiny) |
| Premium Payment Modes | Yearly, Half-yearly, Quarterly, Monthly |
A simple four-step journey from setting up your policy to receiving lifelong payouts.
Select your preferred option (Early Income, Paid-Up Additions, or Premium Saver), policy term up to age 85, and PPT (6, 8, 10, or 12 years) based on your income goals.
Pay premiums for your chosen limited term in Yearly, Half-yearly, Quarterly, or Monthly frequency while enjoying Section 80C tax deductions and immediate life cover.
Depending on your option, begin receiving early cash payouts as early as Month 1 / Year 1, or watch your Paid-Up Additions compound with declared participating bonuses.
Enjoy regular liquidity throughout your golden years, followed by a substantial maturity corpus (Sum Assured on Maturity + additions/bonuses) up to age 85.
Flexible payment frequencies designed to match your income and cash flow cycle.
Of annual premium. Maximum compounding advantage with no modal frequency loading.
Of annual premium. Convenient semi-annual schedule aligned with mid-year financial reviews.
Of annual premium. Balanced quarterly budgeting for business owners and consultants.
Of annual premium (via ECS / NACH). Effortless monthly discipline akin to a systematic savings plan.
Save tax while building security and growing wealth under prevailing Indian tax laws.
Premiums paid towards Kotak GAIN are eligible for tax deductions of up to ₹1,50,000 per financial year under Section 80C of the Income Tax Act, 1961 (for individuals opting for the Old Tax Regime). This reduces your taxable income every year you pay premiums.
Maturity and survival proceeds received under the plan are completely exempt from income tax under Section 10(10D), subject to the aggregate annual premium limit of ₹5,00,000 across non-ULIP policies issued on or after 1st April 2023. In the event of death, all claim payouts to the nominee are 100% tax-free without any cap.
Strengthen your policy with optional riders to guard against unforeseen critical illness, disability, and accidents.
Provides additional pure term life insurance cover over and above the base death benefit in the unfortunate event of the insured's demise.
Pays an extra lump sum benefit to the family if death occurs as a result of an accident, providing vital financial stability.
Delivers a lump sum payout if the insured suffers permanent total disability resulting from an accidental injury.
Waives all future remaining premiums in case of the untimely demise of the policyholder/parent, ensuring all policy benefits continue uninterrupted.
Waives all future premiums if the policyholder suffers total permanent disability due to an accident, keeping your family's savings plan fully funded.
Provides an immediate lump sum cash benefit upon diagnosis of any of the covered critical illnesses, helping meet treatment costs without dipping into savings.
