Kotak Group Secure One
A Non-Par, Non-Linked, Group Pure Risk Product
Kotak Group Secure One provides a comprehensive protection solution to your members’ in an unfortunate event of Death or Terminal Illness. For instance, as a Professional Association, its members will have an added advantage of life protection at affordable rates.
Key Features
![Provides financial security to the members’ family]()
Provides financial security to the members’ family
The plan may be used for members of Credit Co-operative societies, Self Help Groups, NGO’s, Government schemes, Professional Association, etc. where the sum assured is payable to the nominee, in a lump sum in case of the sudden demise of the insured member.
![Protection of a targeted savings amount]()
Protection of a targeted savings amount
This plan may also be used by depositors. In this case the sum assured, which is the targeted savings amount of the deposits, is payable to the nominee, in case of the sudden demise of the insured member.
![Comprehensive solution]()
Comprehensive solution
Kotak Group Secure One provides protection not only in case of death of the member but also in case of Terminal Illness.
![Comprehensive cover through a range of riders]()
Comprehensive cover through a range of riders
Provision for additional benefit through Riders at nominal cost.
Eligibility
![Eligibility]()
Age criteria
- Group size: Min: 50 members
- Age criteria: Minimum: 18 years
Maximum: 79 years,
Cover Cease age (last birthday): Maximum: 80 years
- Group size: Min: 50 members
![Eligibility]()
Cover Term
- Minimum: 1 month
- Maximum: 5 years (in multiples of one month)
Note: Coverage for Integral months are allowed. In case if the Master policyholder opts for riders then only 1 year cover tenure is available and other cover options are not available.
One Year Renewable Term (OYRT) policies are available and applicable only for one-year term
![Eligibility]()
Sum Assured (Per member)
- Minimum: Rs.10,000 | Maximum: As defined under Board Approved Underwriting Policy
![Eligibility]()
Premium
- Minimum: Premium corresponding to the minimum Sum Assured | Maximum: NA
![Eligibility]()
Premium Payment Details
- Premium Payment Term - Single Pay & 1 year annually renewable
- Premium Payment Mode – Single, Yearly, Half Yearly, Quarterly, Monthly
Note: For Cover Term greater than 1 year, only Single Pay shall be available
![Eligibility]()
Modal Factors
- Yearly – 100% | Half Yearly – 51% | Quarterly – 26%| Monthly – 8.5% of annual premiums
![Eligibility]()
Additional Protection with Optional Riders
- Accidental Death Benefit Rider
- Accidental Disability Benefit Rider
- Critical Illness Plus Benefit Rider
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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 [email protected]
Mail your queries to us and we will answer them at the earliest.
Read about Tax benefits & Plan Disclaimer
Tax Benefits & Disclaimers
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.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /FRAUDULENT OFFERS
IRDAI or its officials do not involve 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 Group Secure One: UIN: 107N098V05, Kotak Accidental Death Benefit Rider UIN: 107B005V06, Kotak Accidental Disability Benefit Rider UIN: 107B008V03, Kotak Critical Illness Plus Benefit Rider UIN: 107B015V06
This is a non-par, non-linked, group pure risk product. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For more details on Rider benefit, please refer the Rider Sales Brochure.
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: [email protected] | Toll Free No: 1800 120 7856 Ref No: KLI/24-25/E-WEB/1079
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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