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Important Message: In pursuance of the demonetisation of old notes of Rs. 500/- and Rs. 1,000/- by the Central Government, all customers are requested not to make payments using these old notes. All other valid currencies, including bank notes of the NEW series of Rs. 500/- and Rs. 2,000/- will be accepted. For further convenience, kindly use our digital modes of payment - like ECS/NACH, Debit/Credit Card, Net Banking & NEFT/RTGS. Click here to know more.
Kotak Complete Cover Group Plan

Kotak Complete Cover Group Plan

A Life Insurance Plan

Kotak Complete Cover Group Plan provides life cover to a group of borrowers of the credit /lending institution (banks, retail finance providers etc.). It is a non-participating single-premium plan and can be customized to cover all types of loans and repayment terms.


The plan can be mandatory (all members join) or voluntary (subject to certain conditions). In the unfortunate event of death of the borrower during the term of the policy, the outstanding loan amount (as per the cover schedule) will get extinguished relieving the borrower's family of the loan liability and will also eliminate the risk of loss due to death of the borrower to the Credit Institution


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Tax Benefits

  • As per existing tax laws, premium paid by the financial institution could be considered as part of business expenses and may be tax deductible.
  • As per existing tax laws, any premium paid by a customer in his/her capacity as an individual may be eligible for tax deduction under section 80C of the Income Tax Act, 1961.
  • Benefits received by the customer's nominee are tax free under section 10(10 D) of the Income Tax Act, 1961

Tax benefits are subject to change in tax laws. You are advised to consult your tax advisor for details.

Terms and conditions
Kotak Complete Cover Group Plan UIN 107N018V05 Form No. N018 Ref No: KLI/17-18/E-WEB/62

Regd. Office:

Kotak Mahindra Old Mutual Life Insurance 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: http://insurance.kotak.com



SMS KLIFE to 5676788 Toll Free No. - 1800 209 8800

Insurance is the subject matter of solicitation. This is a non-participating, protection oriented term group plan . For sub-standard lives, extra premium may be charged based on the insurer's underwriting policy. This document is not a contract of insurance and must be read in conjunction with the Policy Document. Hard copy of the information will be provided on request. Please refer to the policy documents for specific details on all terms and conditions.



IRDAI clarifies to public that
  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus.
  • Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.


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