Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Our representative will get in touch with you at the earliest.
A Non-Linked, Non-Participating, One Year Renewable Group Term Insurance Plan
Kotak Credit Term Group Plan is protection oriented plan that provides comprehensive cover to a group of borrowers of the credit / lending institution (e.g., banks, retail finance providers). The Kotak Credit Term Group Plan, is the right solution for your needs, protecting both your customer’s interest as well as institution’s need. Not only is it cost effective and easy to administer, but it also gives a differentiating edge over competitors. This plan provides life insurance to a group of borrowers of the credit institution (banks, retail finance providers etc.) with the Life Assured being the borrower.
The borrower's family is relieved of the financial burden of paying the loan amount in the unfortunate event of death of the life assured.
The plan covers maximum of one additional co-borrower along with the primary borrower, only where there is an insurable interest between the lives. Both the primary borrower and co-borrower shall be covered individually for equal cover amount not higher than the original loan amount.
Simple and easy administrative processes, worldwide insurance coverage, Comprehensive coverage with simplified underwriting,
Group Size: Min: 50 | Max: No Limit
Min: 18 years
Max: 74 years
Minimum: Rs. 5,000
Maximum: No Limit, subject to Board Approved Underwriting limit
Annual / Half-yearly / Quarterly / Monthly
Half-Yearly 51%, Quarterly 26%, Monthly 8.5% on annual premiums
Download the brochure to know more about the plan and how it can benefit you.
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. You are advised to take an independent view from tax consultant.
Terms and conditions
Kotak Credit Term Group Plan - UIN 107N006V04, Form No. N006, Ref. No. KLI/20-21/E-WEB/255
This is a non-participating group term plan. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
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 (8 am to 10 pm)
SMS KLIFE to 5676788 Toll Free No. -1800 120 7856
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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