Kotak Secure Return Employee Benefit Plan
A Group Life Insurance Gratuity / Leave Encashment Plan
Let your employees enjoy dual benefits. As an employer, we know you want to offer your employees the best you can, without any hassles to you or your employees. That is why Kotak Secure Return Employee Benefit Plan caters to the needs of employers, trustees, state governments, central government, PSUs to plan for funding group members’ benefit schemes. It is designed as a comprehensive employee benefit solution to manage the gratuity and leave encashment and Post-Retirement Medical Benefit schemes in the most efficient manner.
Key Features
![Composite employee benefit solution to cater to the requirements of gratuity and leave encashment and Post-Retirement Medical Benefit benefit schemes]()
Composite employee benefit solution to cater to the requirements of gratuity and leave encashment and Post-Retirement Medical Benefit benefit schemes
Depending on the scheme rules, the benefits in the event of death,retirement, resignation, withdrawal transfer, leave encashment during service, Post-Retirement Medical benefit or any other exit of the members as per scheme rules will be payable.
![Competitive interest rate declared at the end of Financial year]()
Competitive interest rate declared at the end of Financial year
A non-zero positive regular interest rate will be declared annually by the company at the end of each financial year
![Additional protection]()
Additional protection
In the event of death of the member additional benefit i.e. Sum Assured of Rs. 5000/- will be paid to the nominee.
![Convenient renewal process]()
Convenient renewal process
This is an annually renewable policy, which will be auto renewed subject to availability of sufficient premiums.
Eligibility
![Eligibility]()
Age criteria:
Minimum Group Size: 10 members
Minimum age at entry (as on last birthday): 18 Years or as per Scheme rules, whichever is higher
Maximum age at entry (as on last birthday): 85 Years or as per Scheme rules whichever is lower
Maximum Maturity Age (as on last birthday): Retirement age as specified under Scheme rules or
86 years whichever is lower![Eligibility]()
Cover Term
- 1 year renewable
![Eligibility]()
Contribution
- Minimum: Rs. 2,00,000/- | Maximum: No Limit
![Eligibility]()
Sum Assured:
Fixed Cover: Rs. 5,000
Downloads
Download the brochure to know more about the plan and how it can benefit you.
Need help buying a plan?
Request a Relationship Manager
Mail us on corporate.solutions@kotak.com
Mail your queries to us and we will answer them at the earliest.
Read about Tax benefits & Plan Disclaimer
Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. It is advised to consult your tax advisor for details.
Kotak Mahindra Life Insurance Company Ltd.
UIN No.: 107N087V04
Form No: N087.
KotakTerm Group Plan - UIN No.:107N007V08,
Form No.: N007.
This is a non-participating non unitlinked life insurance fund based group plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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 |
Website: https://www.kotaklife.com | Ema
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.
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