Kotak Term Group Plan

A Non-Participating, Non-Linked Group Pure Risk Product

An organization is made of the people who build it with the strength of their mind and dedication of their heart. Since these people are so important, the security of their families is precious. Being an organization of repute you may like to share this responsibility by providing them with a solution that meets their need.

Kotak Term Group Plan provides life cover to the member, by paying a lump sum benefit to the beneficiary in case of an unfortunate event. There is also an option available for the member to opt for additional voluntary life cover for self and spouse. There is also a range of optional riders available to cover other risks like disability, dismemberment, illness, family benefit and functional impairment. It is an ideal solution that provides security to the families of your members in case of an adversity.

Key Features

Flexibility
Option to select the premium payment mode. You may also choose to pay your premiums monthly, quarterly or half-yearly or annually. Premium modal factors will apply as follows Monthly - 8.75% of annual premium, Quarterly - 26% of annual premium, Half-yearly - 51% of annual premium.
Voluntary Cover
The group members have the option to enhance their insurance cover voluntarily by paying extra premium on their own. Voluntary spouse cover can also be taken by the members by paying additional premium on their own Note: This additional premium will be paid separately to the Insurer. For administrative convenience the Master Policyholder may be requested to collect and remit the premium to the Insurer on behalf of the group members.
Comprehensive coverage for your members and their families
This plan covers your members for a range of risks including disability and illness. It also allows you to extend cover to the family members of your members through selection of appropriate Riders

Eligibility

Eligibility

Group Size:

Minimum: Non Employer – Employee Group: 50 Members | Employer – Employee Group: 10 members

Maximum: No Limit

Entry Age (as on Last Birthday)

Minimum / Maximum: As per Company’s Employment Policy / As per EDLI scheme rules

Cover Term

1 year (Annually Renewable)
Basic Sum Assured per Member

Minimum: ₹10,000 / As per EDLI scheme rules

Maximum: No limit / As per EDLI Scheme rules
Policy Payment Mode

Annual / Half-yearly / Quarterly / Monthly
Premium Modal Factor

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

Additional Protection with Optional Riders

Kotak Accidental Death Benefit (ADE)
Offers additional lump sum benefit over and above the basic sum assured will be paid upon accidental death.
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Kotak Accidental Disability Benefit (ADB)
Offers lump sum benefit paid upon totally and permanently disability claim, on top of basic sum assured.
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Kotak Accidental Dismemberment Benefit (ADM)
Offers lump sum benefit paid upon complete or partial loss of a limb, or loss of eyesight or hearing due to accidental causes.
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Kotak Accidental Death, Disability and Dismemberment Benefit (ADDD)
Offers lump sum benefit paid upon the three eventualities.
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Kotak Terminal Illness Benefit (TI)
Offers benefit payable upon claim of a terminal illness. Death Benefit will be reduced depending on payout.
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Kotak Critical Illness Enhanced Group Rider (CIE)
Offers lump sum benefit based on plan option chosen, will be paid out. The payout can either be an Additional Benefit or Accelerated Benefit.
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Request a Relationship Manager

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Mail us on corporate.solutions@kotak.com

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Read about Tax benefits & Plan Disclaimer

Tax benefits under the policy may be as per the prevailing Income Tax laws. Tax laws are subject to amendments from time to time and interpretations. Employers are advised to consult a tax expert.

Terms and conditions

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /FRAUDULENT OFFERS

IRDAI or its officials do not 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 Term Group Plan - UIN 107N007V11.

Kotak Accidental Death Benefit UIN - 107B005V06, Kotak Accidental Disability Benefit UIN - 107B008V03, Kotak Accidental Dismemberment Benefit (ADM) UIN - 107B006V03, Kotak Accidental Death, Disability and Dismemberment Benefit (ADDD) UIN - 107B007V03, Kotak Group Terminal Illness Benefit UIN - 107B014V03, Kotak Critical Illness Enhanced Group Rider (CIE) UIN - 107B035V01.

This is a Non-Participating, Non-Linked, Group Pure Risk Product. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For details on riders, please refer to the Rider Brochure.

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 |Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free: 18001207856 | Ref. No.: KLI/25-26/E-WEB/1635.

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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Kotak Term Group Plan

Key Features

Flexibility

Voluntary Cover

Comprehensive coverage for your members and their families

Eligibility

Eligibility

Basic Sum Assured per Member

Policy Payment Mode

Premium Modal Factor

Additional Protection with Optional Riders

Kotak Accidental Death Benefit (ADE)

Kotak Accidental Disability Benefit (ADB)

Kotak Accidental Dismemberment Benefit (ADM)

Kotak Accidental Death, Disability and Dismemberment Benefit (ADDD)

Kotak Terminal Illness Benefit (TI)

Kotak Critical Illness Enhanced Group Rider (CIE)

Downloads

Need help buying a plan?

Request a Relationship Manager

Thank you

Mail us on corporate.solutions@kotak.com

Read about Tax benefits & Plan Disclaimer

Similar plans

Kotak Pradhan Mantri Jeevan Jyoti Bima Yojana

Kotak Group Secure One

Kotak Raksha Group Micro Insurance Plan