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Insurance and Investment in one plan.
Protect your family's financial future.
Insurance and Investment in one plan.
A plan that works like a term plan, and Earns like ULIP Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Fortune Builder
A plan that offers guaranteed income for your future goals.
A plan that offers immediate or deferred stream of income
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Non-Par, Non-Linked, Group Pure Risk Product
Kotak Complete Cover Group Plan is protection oriented plan that provides comprehensive cover to a group of borrowers of the credit / lending institution (e.g., banks, retail finance providers). It can be customized to cover all types of loans and repayment terms while providing cover for Death, diagnosis of Terminal Illness, Critical Illness or Accidental Disability.
It also provides the option to the members to choose cover for more than actual Loan outstanding by choosing the Benefit Multiplier option. A single plan that offers the flexibility to customise insured benefit and amount and as per client’s needs.
The plan offers a reducing cover with 6 options to choose to meet the needs of the customer
The plan comes with this unique feature of “Benefit Multiplier” that allows the member to decide on the level of cover to be taken against the outstanding loan amount. Benefit Multiplier can be either 100% or 110% or 120% of outstanding loan amount, to be chosen at the inception.
The plan offers Single Pay, Limited Pay and Regular Pay.
The plan offers to cover either a Single Life or Joint Life where the loan is in the name of two members
Life Cover Option
Other Plan Options
Life Cover Option | Other Plan Options | |
---|---|---|
Single pay | 15 Years*/18 years | 18^/20 years |
Limited Pay | 21*/24 years | 24 years |
Regular Pay | 20*/23 years | 23 years |
*For Education loan only
^For Life Cover Plus Accelerated Terminal Illness Benefit
Note: Member Cover Term of 3 month to 23 months will be allowed only where the Member Data Transfer will happen instantly or within 24 hrs.
Single, Yearly, Half-yearly, Quarterly and Monthly
Half Yearly – 51%, Quarterly – 26%, Monthly – 8.5% on annual premiums
Download the brochure to know more about the plan and how it can benefit you.
Mail your queries to us and we will answer them at the earliest.
Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI or its officials do not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint
Kotak Complete Cover Group Plan; UIN: 107N018V09.
This is a Non-Par, Non-Linked, Group Pure Risk Product . For sub-standard lives, extra premium may be charged based on the KLI’s underwriting policy. This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Kotak Mahindra Life Insurance Company Ltd. Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com | Email: kli.groupoperations@kotak.com | Toll Free No. – 1800 120 7856 | Ref No.: KLI/24-25/E-WEB/1053
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
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