Kotak Raksha Group Micro Insurance Plan
A Non-Participating Non-Linked Group Micro Pure Risk Product
Kotak Raksha Group Micro Insurance Plan is a protection oriented plan that aims to cover the socially and economically weaker sections of the society. It offers to provide security to them and their families in case of any unfortunate event. The plan provides flexibility in choosing cover options as per the needs and requirements of the members.
Key Features
Flexibility to choose Plan options – Level Cover or Reducing Cover
Gives flexibility to choose any of the cover options basis needs of the members at the inception.
Flexibility to cover Single or Joint Life
Depending on the need of the member the cover can be opted for either Single / Joint life.
Flexibility to pay premiums as per convenience
Premium payment options of Regular, Single or One Year Renewable Term (OYRT) are available.
Eligibility
![Eligibility]()
Eligibility
- Group Size: Min: 5 | Max: No Limit
- Age criteria: Entry Age (as on Last Birthday) Minimum: 18 years | Maximum: 75 years (74 for regular pay)
- Maximum Maturity age (last birthday):77 years
![Eligibility]()
Basic Sum Assured per Member
- Rs. 5,000 - Rs. 2,00,000 per member
![Eligibility]()
Cover Term
- OYRT:1 year (Annually Renewable, indefinitely)
Policy Term (Min – Max) Regular Single Level Cover 13months to 10 years 1month to 10 years Reducing Term 13months to 5 years 6month to 10 years Term will be in multiple of one month at member level.
Master policy shall continue till the expiry of tenure of all members.
![Eligibility]()
Premium Frequency
- Single || Regular /OYRT – Yearly, Half-yearly, Quarterly, Monthly
![Eligibility]()
Modal Factors (as % of tabulated rate)
- Annual 100%, Half-Yearly 51%, Quarterly 26%, Monthly 8.5%
![Eligibility]()
Premium Payment Term (PPT)
- Regular, Single & OYRT
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 corporate.solutions@kotak.com
Mail your queries to us and we will answer them at the earliest.
Read about Tax benefits & Plan Disclaimer
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.
Tax Benefits & Disclaimers
Applicable tax benefits for premiums and benefits will be available as per the Income Tax Act, 1961. Tax laws are subject to amendments from time to time. You are advised to take an independent view from tax consultant.
Kotak Raksha Group Micro Insurance Plan: UIN:107N101V05.
This is a non-participating non-linked group micro pure risk product. This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Kotak Mahindra Life Insurance Company Ltd.
Regn. No: 107, CIN: U66030MH2000PLC128503;
Regd. Office: 8th Floor, Plot # C - 12, G - Block, BKC, Bandra (E),
Mumbai - 400 051;
Website:www.kotaklife.com
Email: kli.groupoperations@kotak.com
Toll Free No. – 1800 120 7856
Ref. No.: KLI/24-25/E-WEB/1932
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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