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 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
![Voluntary cover for employees' spouses]()
Voluntary cover for employees' spouses
Many employees work to support the needs and wants of their loved ones, which is why we extend the protection to their spouses for a nominal additional premium. Knowing their loved ones are well taken care of, your employees can truly give their best at work.
![Choice of preferred premium payment mode]()
Choice of preferred premium payment mode
Depending on your organization's current needs, you can choose to opt for annual, half-yearly, quarterly and monthly premium payments.
![Other advantages]()
Other advantages
Simple and easy administrative processes, Tax- deductible premiums, Worldwide insurance coverage, Comprehensive coverage with simplified underwriting,
Eligibility
![Eligibility]()
Eligibility
Group Size:
- Min: Non-Employer – Employee Group: 50 Members | Employer – Employee Group: 10 members
- Max: No Limit
- Age criteria: Entry Age (as on Last Birthday) Min/Max: As per Company’s Employment Policy / As per EDLI
scheme rules
![Eligibility]()
Basic Sum Assured per Member
- Minimum: ₹10,000/ As per EDLI scheme rules | Maximum: No Limit
![Eligibility]()
Policy Term
- 1 year (Annually Renewable)
![Eligibility]()
Policy Payment Mode
- Annual / Half-yearly / Quarterly / Monthly
![Eligibility]()
Premium Modal Factor
- Annual 100% , Half-Yearly 51%, Quarterly 26%, Monthly 8.75%
Additional Protection with Optional Riders
![Additional Protection with Optional Riders]()
Kotak Accidental Death Benefit
Offers additional lump sum benefit over and above the basic sum assured will be paid upon accidental death.
Download![Additional Protection with Optional Riders]()
Kotak Accidental Disability Benefit
Offers lump sum benefit paid upon disability claim, on top of basic sum assured.
Download![Additional Protection with Optional Riders]()
Kotak Critical Illness Benefit
Offers Critical Illness Benefit - payable if the member suffers from one of the 12 critical illnesses covered and the death benefit for the member will reduce to the extent of the payout.
Download![Additional Protection with Optional Riders]()
Kotak Critical Illness Plus Benefit
Offers Critical Illness Benefit - payable upon a critical illness claim. While the benefit ceases after payment, the Death Benefit is still payable.
Download![Additional Protection with Optional Riders]()
Kotak Terminal Illness Benefit
Offers benefit payable upon claim of a terminal illness. Death Benefit will be reduced depending on payout.
Download![Additional Protection with Optional Riders]()
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.
Download![Additional Protection with Optional Riders]()
Kotak Accidental Death, Disability and Dismemberment Benefit (ADDD)
Offers lump sum benefit paid upon the three eventualities
Download
.png)
.png)
.png)
.png)
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 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 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 Term Group Plan - UIN: 107N007V10, 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 Critical Illness Benefit UIN: 107B009V07, Kotak Group Terminal Illness Benefit UIN 107B014V03, Kotak Critical Illness Plus Benefit UIN 107B015V06.
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: 1800 209 8800 | Ref. No.KLI/24-25/E-WEB/1398
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
Similar plans
-
Kotak Pradhan Mantri Jeevan Jyoti Bima Yojana
Non-Participating Life One Year Renewable Group Pure Risk Insurance Product
Know more -
Kotak Raksha Group 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.
Know more -
Kotak Group Secure One
Kotak Group Secure One provides a comprehensive protection solution to enable your team members to protect their loved ones in the unfortunate event of their death or terminal illness.
Know more