Kotak Secure Return Employee Benefit Plan|Group Leave Encashment Insurance For Employees
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Kotak Secure Return Employee Benefit Plan

A Group Life Insurance Gratuity / Leave Encashment Plan

Let your employees enjoy dual benefits. As an employer, we know you want to offer your employees the best you can, without any hassles to you or your employees. That is why Kotak Secure Return Employee Benefit Plan caters to the needs of employers, trustees, state governments, central government, PSUs to plan for funding group members’ benefit schemes. It is designed as a comprehensive employee benefit solution to manage the gratuity and leave encashment and Post-Retirement Medical Benefit schemes in the most efficient manner.

Key Advantages

  • Composite employee benefit solution to cater to the requirements of gratuity and leave encashment and Post-Retirement Medical Benefit benefit schemes

    Depending on the scheme rules, the benefits in the event of death,retirement, resignation, withdrawal transfer, leave encashment during service, Post-Retirement Medical benefit or any other exit of the members as per scheme rules will be payable.

  • Competitive interest rate declared at the end of Financial year

    A non-zero positive regular interest rate will be declared annually by the company at the end of each financial year

  • Additional protection

    In the event of death of the member additional benefit i.e. Sum Assured of Rs. 5000/- will be paid to the nominee.

  • Convenient renewal process

    This is an annually renewable policy, which will be auto renewed subject to availability of sufficient premiums.

Eligibility

  • Age criteria:


    Minimum Group Size: 10 members

    Minimum age at entry (as on last birthday): 18 Years or as per Scheme rules, whichever is higher
    Maximum age at entry (as on last birthday): 85 Years or as per Scheme rules whichever is lower
    Maximum Maturity Age (as on last birthday): Retirement age as specified under Scheme rules or
    86 years whichever is lower

  • Cover Term

    • 1 year renewable
  • Contribution

    • Minimum: Rs. 2,00,000/- | Maximum: No Limit

  • Sum Assured:

    Fixed Cover: Rs. 5,000

Downloads

Download the brochure to know more about the plan and how it can benefit you.

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

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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. It is advised to consult your tax advisor for details.

Kotak Mahindra Life Insurance Company Ltd.

UIN No.: 107N087V04

Form No: N087.

KotakTerm Group Plan - UIN No.:107N007V08,

Form No.: N007.

This is a non-participating non unitlinked life insurance fund based group plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.

Reg No. 107

CIN:U66030MH2000PLC128503

2nd Floor,

Plot # C- 12,

G- Block,

BKC,

Bandra (E),

Mumbai – 400051

Toll Free: 1800 120 7856 |

Website: https://www.kotaklife.com | Ema

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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