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
Contribution Frequency:

Depending on funding requirements of the Scheme

Downloads

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

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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; 8^th 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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