India-based Kotak Mahindra Old Mutual Life Insurance has rolled out its latest offering known as Kotak Premier pension plan.

The new participating plan enables insureds to achieve financial stability, financial security and earn a steady income while pursuing an active retired life.

During the first five years, the Kotak Premier Pension Plan offers guaranteed additions as a percentage of the basic sum assured.

The guaranteed additions is 5% per annum for regular and limited premium payment terms, while for single premium payment term, it is 2% per annum.

Additionally, the policyholders can opt for Kotak Accidental Death Benefit and Kotak Permanent Disability Benefit rider options.