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 Level Cover Insurance Plan
A comprehensive group insurance plan for financial institutions to safeguard their financial assets from default payments, the Kotak Group Shield Plan covers your customers’ loans and savings. Its wide-ranging life insurance cover also protects the well-being of your customers and their family members in the event of death, illness or disability.
Kotak Group Shield provides a cover that is generally equal to the initial loan amount. The benefit will be payable to the borrower/nominee/legal heir, in case of the occurrence of the insured event. It gives peace of mind to the customer's family by relieving the loan liability and eliminates the risk of non-repayment due to the unfortunate event.
Kotak Group Shield provides protection not only in case of death of the customer but also in case of unfortunate events like: Disability, Critical illness, Terminal illness,
To better suit your needs, the Kotak Group Shield is available in four options as follows: Easy Group Shield, Group Shield, Group Shield Plus Disability Benefit, Group Shield Plus Critical Illness Benefit, Joint Life Option. For detailed conditions and exclusions for the above plan options, please read the brochure carefully.
| Plan Options | Easy Group Shield Group Shield |
Group Shield plus Disability Benefit Group Shield plus Critical Illness Benefit |
|---|---|---|
| Group Size | Min : 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 Shield : Min: Rs. 5,000 Max : No limit For Group Shield : Min: Rs. 25,000 Max : No limit |
For Group Shield plus Disability Benefit : Min: Rs. 25,000 Max : No limit For Group Shield 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 benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. Customer is advised to take an independent view from tax consultant.
Kotak Group Shield - UIN 107N050V05, Form No: N050 Ref No:KLI/19-20/E-WEB/357
Regd. Office:
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
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 Assure Plan protects the family of the life insured from risk of loan liability in case of the demise of the insured and it also shields credit institutions from the risk of loan non-payments due to death, illness and disability.
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