Kotak Group Term Life Insurance Plans For Employees|Best Group Term Life Insurance

Buy a life insurance plan in a few clicks

Now you can buy life insurance plans completely online right here.

  • Icon for Kotak Preferred e-Term Plan

    Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Lifetime Income Plan

    Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!


Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Kotak Term Group Plan

A Non-Participating Term Group Plan

An organization ismade of the people who build it with the strength of their mind and dedication of their heart. Since these people are so important, the security of their families is precious. Being an organization of repute you may like to share this responsibility by providing them with a solution that meets their need.

Kotak Term Group Plan provides life cover to the member, by paying a lump sum benefit to the beneficiary in case of an unfortunate event. There is also an option available for the member to opt for additional voluntary life cover for self and spouse. There is also a range of riders available to cover other risks like disability, dismemberment, illness, family benefit and functional impairment. It is an ideal solution that provides security to the families of your members in case of an adversity.

Key features

  • Voluntary cover for employees' spouses

    Many employees work to support the needs and wants of their loved ones, which is why we extend the protection to their spouses for a nominal additional premium. Knowing their loved ones are well taken care of, your employees can truly give their best at work.

  • Choice of preferred premium payment mode

    Depending on your organization's current needs, you can choose to opt for annual, half-yearly, quarterly and monthly premium payments.

  • Other advantages

    Simple and easy administrative processes, Tax- deductible premiums, Worldwide insurance coverage, Comprehensive coverage with simplified underwriting,


  • Eligibility

    Individual borrowers and investors / co-borrowers /co-investors of the institution can be covered under this plan.

    • Group Size: Min: 50 | Max: No Limit
    • Age criteria: Entry Age (as on Last Birthday) Min/Max: As per Company’s Employment Policy
  • Basic Sum Assured per Member

    • Minimum: Rs. 5,000 | Maximum: No Limit
  • Policy Term

    • 1 year (Annually Renewable)
  • Policy Payment Mode

    • Annual / Half-yearly / Quarterly / Monthly
  • Premium Modal Factor

    • Annual 100% , Half-Yearly 51%, Quarterly 26%, Monthly 8.75%

    Know More About Our Other Group Insurance Offerings.

Additional protection with optional Riders

  • Accidental Death Benefit (ADE)

    Offers additional lump sum benefit over and above the basic sum assured will be paid upon accidental death.

  • Accidental Disability Benefit (ADB)

    Offers lump sum benefit paid upon disability claim, on top of basic sum assured.

  • Accidental Dismemberment Benefit (ADM)

    Offers lump sum benefit paid upon complete or partial loss of a limb, or loss of eyesight or hearing due to accidental causes.

  • Accidental Death, Disability and Dismemberment Benefit (ADDD)

    Offers lump sum benefit paid upon the three eventualities.

  • Critical Illness Benefit (CI)

    Offers Critical Illness Benefit - payable if the member suffers from one of the 12 critical illnesses covered and the death benefit for the member will reduce to the extent of the payout.

  • Kotak Critical Illness Plus Benefit (CIP)

    Offers Critical Illness Benefit - payable upon a critical illness claim. While the benefit ceases after payment, the Death Benefit is still payable.

  • Family Benefit (FB)

    Offers Life cover for the member's spouse and three children aged between 1 and 18 years.

  • Terminal Illness Benefit (TI)

    Offers benefit payable upon claim of a terminal illness. Death Benefit will be reduced depending on payout.



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

Need help buying a plan?

Request a Relationship Manager

Select City
Select Member Count
Select Plan

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

Premiums paid for employees may be listed as business expenses and are tax-deductible as per 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.

Terms and conditions

Kotak Term Group Plan - UIN 107N007V07, Form No. N007, Ref. No. 19-20/E-WEB/530

Accidental Death Benefit (ADE) UIN - 107B005V05, Form No. B005, Accidental Disability Benefit (ADB) UIN 107B008V03, Form No. B008, Accidental Dismemberment Benefit (ADM) UIN- 107B006V03, Form No. B006, Accidental Death, Disability and Dismemberment Benefit (ADDD) UIN 107B007V03, Form No. B007, Critical Illness Benefit (CI) UIN 107B009V06, Form No. B009, Family Benefit (FB) UIN 107B010V03, Form No. B010, Terminal Illness Benefit (TI) UIN 107B014V03, Form No. B014, Kotak Critical Illness Plus Benefit (CIP) UIN 107B015V05, Form No. B015

This is a non-participating term group plan For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For details on riders, please refer to the Rider Brochure.

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 209 8800 (8 am to 10 pm)
Website: https://insurance.kotak.com
Email: clientservicedesk@kotak.com


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.

Similar plans

  • Kotak Group Secure One

    Kotak Group Secure One provides a comprehensive protection solution to enable your team members to protect their loved ones in the unfortunate event of their death or terminal illness.

    Know more
  • Kotak Raksha Group Micro Insurance Plan

    Kotak Raksha Group Micro Insurance Plan is a protection oriented plan that aims to cover the socially and economically weaker sections of the society.

    Know more