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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.
Group Shield

Kotak Group Shield

A Life Insurance Plan

A comprehensive group insurance plan for financial institutions to safeguard their financial assets from default payments, the Kotak Group Shield Plan covers your customers' loans and savings. Its wide-ranging life insurance cover also protects the well-being of your customers and their family members in the event of death, illness or disability.

 

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Individual borrowers and co-borrowers of your institution can be covered under this plan


Plan Options

• Easy Group Shield
• Group Shield

• Group Shield plus Disability Benefit
• Group Shield plus Critical Illness Benefit
Group Size Min: 50 Members
Entry Age ^ (last birthday) Min : 15 years
Single Premium :Max: 73 years
Regular Premium: Max: 70 years
Min : 18 years
Single Premium : Max: 63 years
Regular Premium: Max: 60 years
Cover Cease Age (last birthday) Max : 75 years Max : 65 years
Cover Term For Single Premium :
Min : 2 years ;
Max : 30 years (subject to maximum maturity age being less than or equal to 75)

For Regular Premium:
Min : 5 years ;
Max : 30 years (subject to maximum maturity age being less than or equal to 75)
For Single Premium:
Min : 2 years ;
Max : 30 years (subject to maximum maturity age being less than or equal to 65)

For Regular Premium:
Min : 5 years ;
Max : 30 years (subject to maximum maturity age being less than or equal to 65)
Premium Payment Term Single Premium Or
Regular: Full policy Term
Sum Assured For Easy Group Shield:
Min : 5,000
Max : No limit

For Group Shield:
Min : 25,000
Max : No limit
For Group Shield plus Disability Benefit
Min : 25,000
Max : No limit

For Group Shield plus Critical Illness Benefit:
Min : 100,000
Max : No limit

^Note:- In case of minor life insured, an appointee shall be required.
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