An income plan, like Kotak Lifetime Income Plan, is a very effective retirement investment plan to earn income even while you are not working. An income plan is generally an immediate annuity non-linked, non-participatory life insurance plan. This type of retirement plan aims to provide you with a secure alternative source of earning during retirement to fulfil your needs and manage your standard of living.With an assured income plan, you can be sure to let go off all your financial worries for the retirement years. An income plan allows you to live a comfortable and financially independent life post-retirement. With income plans, like Kotak Lifetime Income Plan, you receive an assured pay throughout your life. In case of your absence or untimely demise, the income is given to the spouse or your nominee.Income plans by Kotak offer ensure your financial independence post-retirement. They also offer you a wide array of income options to best match your needs. Moreover, you can choose from a range of annuity payout frequencies – yearly, half-yearly, quarterly and monthly – in tune with your financial requirements