Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Kotak Lifetime Income Plan
Retirement years are the golden years of life.
Our representative will get in touch with you at the earliest.
A Group Credit Reducing Cover Insurance Plan
Secure your dreams and your family as well
Everyone has big dreams and aspirations for your family’s future and you pick the best financial loans available to bridge the financial gap.Kotak Group Assure Plan protects the family of the life insured from risk of loan liability falling on their head in case of the demise of the insured. At the same time, it shields credit institutions from the risk of loan non-payments due to death, illness and disability. It also helps to protect customer’s assets and savings in the unfortunate event of death, illness or disability.
Kotak Group Assure is a group credit insurance policy that provides cover that is equal to the outstanding balance of the loan amount, as per the loan repayment schedule, as per the cover schedule provided by the Insurer. The benefit will be payable to the borrower/nominee/legal heir in case of occurrence of the insured event to the extent of the outstanding loan amount as per the cover schedule provided by the Insurer. It gives peace of mind to customer's family by relieving the loan liability and eliminates the risk of non-repayment due to the insured event.
Kotak Group Assure is one of the group insurance plans that provides protection in case of death of the customer and also in case of other unfortunate events including: Disability, Critical illness, Terminal illness
To better suit your needs, the Kotak Group Assure is available in following options: Easy Group Assure Group Assure Group Assure plus Disability Benefit Group Assure Plus Critical Illness Benefit Joint Life Cover
| Plan Options | Easy Group Assure Group Assure |
Group Assure plus Disability Benefit Group Assure plus Critical Illness Benefit |
|---|---|---|
| Minimum Group Size | 50 Members | 50 Members |
| Entry Age ^ (last birthday) | Min : 15 years Single Premium : Max: 73 years Regular Premium: Max: 70 years |
Min : 18 years Single Premium : Max: 63 years Regular Premium: Max: 60 years |
| Cover Cease Age (last birthday) | Max : 75 years | Max : 65 years |
| Cover Term | For Single Premium : Min : 2 years Max : 30 years (subject to maximum maturity age being less than or equal to 75) For Regular Premium : Min : 5 years Max : 30 years (subject to maximum maturity age being less than or equal to 75) |
For Single Premium : Min : 2 years Max : 30 years (subject to maximum maturity age being less than or equal to 65) For Regular Premium : Min : 5 years Max : 30 years (subject to maximum maturity age being less than or equal to 65) |
| Premium Payment Term | Single Premium Or Regular: Full policy Term | |
| Sum Assured | For Easy Group Assure : Min: Rs. 5,000 Max : No limit For Group Assure : Min: Rs. 25,000 Max : No limit |
For Group Assure plus Disability Benefit : Min: Rs. 25,000 Max : No limit For Group Assure plus Critical Illness Benefit : Min: Rs. 100,000 Max : No limit |
Know More About Our Other Group Insurance Offerings.
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 laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
Kotak Group Assure - UIN 107N051V04, Form No: N051KLI/19-20/E-WEB/360
Regd. Office:
Kotak Mahindra Life Insurance Company Ltd.
Reg No. 107
CIN : U66030MH2000PLC128503
8th Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 120 7856 (8 am to 10 pm)
Website: https://www.kotaklife.com
Email: kli.groupoperations@kotak.com
This is a non-participating protection oriented, term group plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Hard copy of the information will be provided on request.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI is 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. Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
Kotak Credit Term Group Plan provides life cover to a group of borrowers of credit institutions where the life assured is the borrower and the credit institution is the beneficiary.
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Kotak Complete Cover Group Plan is a non-participating single-premium plan that provides life cover to a group of borrowers of the credit /lending institutions.
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Kotak Group Shield Plan covers your customers' loans and savings and protects the well-being of your customers and their family members in the event of death, illness or disability.
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