Kotak GAIN (Get Assured Income Now) Calculator
Kotak Get Assured Income Now (GAIN) is a non-linked, participating individual savings life insurance plan from Kotak Mahindra Life Insurance. You pay a fixed annual premium for a chosen Premium Payment Term (PPT), and in return the plan pays a Guaranteed Income every year — either starting immediately ("Early Income") or only after the Premium Payment Term ends ("Deferred Income") — right up to age 85, along with a Guaranteed Loyalty Addition paid in the last two years of the Premium Payment Term.
This calculator estimates the Guaranteed Income, Guaranteed Loyalty Addition, total guaranteed payout, and an approximate effective annual yield, using illustrative rates modeled on the plan's published structure. It does not reproduce Kotak Life's official benefit illustration (which also includes non-guaranteed Cash Bonuses) — always confirm exact figures with your policy document or a Kotak Life advisor before making a purchase decision.
Premium Payment Term and income payout
The plan is offered with a Premium Payment Term of 8, 10, or 12 years. You choose when the Guaranteed Income starts:
- Early Income — payouts begin from the end of the first policy year, even while you are still paying premiums.
- Deferred Income — payouts begin only after the Premium Payment Term ends.
Either way, the Guaranteed Income continues every year until you turn 85.
Sum Assured on Maturity and Guaranteed Income
The plan defines a Sum Assured on Maturity, a multiple of your annual premium that rises slightly with a longer Premium Payment Term. The Guaranteed Income is a fixed 0.70% of this Sum Assured, paid every year of the payout period:
| Premium Payment Term | Sum Assured Multiple |
|---|---|
| 8 years | 9.5x |
| 10 years | 10.1x |
| 12 years | 10.7x |
Guaranteed Loyalty Addition
In the last two years of the Premium Payment Term, the plan pays a Guaranteed Loyalty Addition equal to 110% of your annual premium in each of those two years:
Total guaranteed benefit
where Total Guaranteed Income is the yearly Guaranteed Income multiplied by the number of payout years remaining until age 85.
Effective annual yield
The calculator also estimates an effective annual yield (an approximate internal rate of return) by treating your premiums as yearly outflows during the Premium Payment Term, and the Guaranteed Income plus Guaranteed Loyalty Addition as yearly inflows, then solving for the constant annual rate that makes the discounted cash flows net to zero. This gives a rough sense of the plan's guaranteed return — it excludes non-guaranteed Cash Bonuses, taxes, and any applicable charges.
How to use this calculator
- Enter your Age at Entry (18 to 65 years).
- Enter the Annual Premium you plan to pay (minimum ₹50,000).
- Choose a Premium Payment Term (8, 10, or 12 years).
- Choose an Income Payout Option — Early Income or Deferred Income.
- Submit to see the Sum Assured on Maturity, Guaranteed Income, Guaranteed Loyalty Addition, total guaranteed benefit, effective annual yield, and a year-by-year cash flow schedule.
Worked example
Suppose you are 30 years old, pay an Annual Premium of ₹1,00,000, choose a 10-year Premium Payment Term, and select Deferred Income.
- Sum Assured on Maturity: ₹1,00,000 × 10.1 = ₹10,10,000
- Guaranteed Income (per year): ₹10,10,000 × 0.70% = ₹7,070, starting from Policy Year 11 and continuing to age 85 (45 years of income)
- Guaranteed Loyalty Addition: ₹1,00,000 × 110% × 2 = ₹2,20,000, paid in Policy Years 9 and 10
- Total Guaranteed Income: ₹7,070 × 45 = ₹3,18,150
- Total Guaranteed Benefit: ₹3,18,150 + ₹2,20,000 = ₹5,38,150
- Total Premiums Paid: ₹1,00,000 × 10 = ₹10,00,000