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Kotak Raksha Group Micro Insurance Plan

A Non-Linked Non-Participating Group Term Life Micro Insurance Plan

Kotak Raksha Group Micro Insurance Plan is a protection oriented plan that aims to cover the socially and economically weaker sections of the society. It offers to provide security to them and their families in case of any unfortunate event. The plan provides flexibility in choosing cover options as per the needs and requirements of the members.

Key Features

  • Flexibility to choose Plan options – Level Cover or Reducing Cover

    Gives flexibility to choose any of the cover options basis needs of the members at the inception.

  • Flexibility to cover Single or Joint Life

    Depending on the need of the member the cover can be opted for either Single / Joint life.

  • Flexibility to pay premiums as per convenience

    Premium payment options of Regular, Single or One Year Renewable Term (OYRT) are available.


  • Eligibility


    • Group Size: Min: 5 | Max: No Limit
    • Age criteria: Entry Age (as on Last Birthday) Minimum: 18 years | Maximum: 75 years (74 for regular pay)
    • Maximum Maturity age (last birthday):77 years
  • Eligibility

    Basic Sum Assured per Member

    • Rs. 5,000 - Rs. 2,00,000 per member
  • Eligibility

    Cover Term

    • OYRT:1 year (Annually Renewable, indefinitely)

    13months to 10 years

    Policy Term (Min – Max) Regular Single
    Level Cover 1month to 10 years
    Reducing Term 13months to 5 years 6month to 10 years

    Term will be in multiple of one month at member level.

    Master policy shall continue till the expiry of tenure of all members.

  • Eligibility

    Premium Frequency

    • Single || Regular/OYRT – Yearly, Half-yearly, Quarterly, Monthly
  • Eligibility

    Modal Factors (as % of tabulated rate)

    • Annual 100% , Half-Yearly 51%, Quarterly 26%, Monthly 8.75%
  • Eligibility

    Premium Payment Term (PPT)

    • Regular, Single & OYRT


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Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

Applicable tax benefits for premiums and benefits will be available as per the Income Tax Act, 1961. Tax laws are subject to amendments from time to time. You are advised to take an independent view from tax consultant.

Kotak Raksha Group Micro Insurance Plan: UIN: 107N101V04, Form No: N101; Ref. No.:KLI/19-20/E-WEB/362

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;



Toll Free No. –1800 120 7856

This is a Group Term Life Micro Insurance plan. 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.


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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