Group Gratuity Policy (Kotak Group Secure Capital Plan)
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Kotak Group Secure Capital Plan

A Non-Participating, Guaranteed Unit Linked, Fund based Group Plan

Kotak Group Secure Capital Plan is a Non-Participating, Guaranteed Unit Linked Fund Based Group Life Insurance Plan. It enables Employers /Trusts to manage funds under their employee benefit schemes like Gratuity, Leave Encashment, Superannuation (Defined Contribution and Defined Benefit) and Post-Retirement Medical Schemes (PRMS) in an efficient manner. As an employer, this plan will help you to design optimal retirement benefits for your employees and in turn increase employee retention.

Key Features

  • Gives boost to your investment

    Market-linked returns and long-term investment growth

  • Guaranteed Benefits

    Offers guarantee in the form of ‘return of all contributions made (Net of benefit payments, if any)’ at the point of exit

  • Loyalty Additions

    Add value to your contribution with Loyalty Additions which is credited in the form of additional units every financial year

  • Life cover for employees

    This plan offers life insurance coverage for employees

  • Tax benefits

    Employer / Trust and employees can avail tax benefit as applicable under the Income Tax law.

Eligibility

  • Age criteria

    Group: Employer - Employee

    Entry Age (as on last birthday)

    • Minimum: 18 Years or as per scheme rules whichever is higher
    • Maximum: 85 years or retirement age as specified in scheme rules whichever is lower

    Max Maturity Age (as on last birthday): Retirement age as specified in scheme rules or 86 years whicheverMax Maturity Age (as on last birthday): Retirement age as specified in scheme rules or 86 years whichever is lower

  • Policy Term: 1 year (Yearly renewable)

  • Sum Assured: Rs. 5,000 per member (Not applicable for Superannuation Schemes)

  • Contribution/Premium at inception*

    Minimum:

    • Superannuation Defined Contribution Schemes: Rs. 500 per member
    • Other Schemes: Rs. 2,00,000 at scheme level
    • Maximum:

      • No limit

      *Contribution and Premium have the same meaning, i.e. the amount paid by the trustee / Company /Member towards their

      employee’s liability.

  • Contribution Frequency:

    Depending on funding requirements of the Scheme

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

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Call on toll free number 1800 120 7856(10:00 am  and  06:00 pm)

Call our toll free number and our representative will help you buy the most suitable plan.

Mail us on kli.corporate-solutions@kotak.com

Mail your queries to us and we will answer them at the earliest.

Read about Tax benefits & Plan Disclaimer

Read about Tax Benefits & Plan Disclaimer

Risk Factors

 Unit Linked Life Insurance products are different from the traditional insurance products and are subject

to the risk factors.

 The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with

capital markets and the NAVs of the units may go up or down based on the performance of fund and

factors influencing the capital market and the insured is responsible for his/her decisions.

 Kotak Mahindra Life Insurance Company Ltd. is only the name of the Insurance Company and Kotak

Group Secure Capital Plan is only the name of the unit linked life insurance contract and does not in any

way indicate the quality of the contract, its future prospects or returns.

 The various funds offered under this contract are the names of the funds and do not in any way indicate

the quality of these plans, their future prospects and returns.

 The past performance of other Funds of the Company is not necessarily indicative of the future

performance of the funds.

 Please know the associated risks and the applicable charges (along with the possibility of increase in

charges), from your Insurance Agent or Corporate Agent / Insurance Broker or policy document of the

insurer.

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.

Kotak Group Secure Capital Plan – UIN No.: 107L122V01, Form No: L122. Ref No: KLI/20-21/E-WEB/1358

This is a non-participating, Guaranteed Unit Linked, Fund based Group Plan. For more details on risk factors,

terms and conditions please read the sales brochure carefully before concluding a sale.

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. You are advised to consult your tax consultant.

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 | Toll Free: 1800 120 7856 (8 am to 10 pm) | Website: www.kotaklife.com | Email: kli.groupoperations@kotak.com

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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