"IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER."
Kotak Leave Encashment Group Plan is designed to cater to the needs of Employee's leave encashment liabilities increasing over the period of time. This product is designed to reduce the financial strain on the employer by helping them fund their Leave encashment liabilities payable to employees. This will also help the employee fund for the leave encashment benefit systematically & effectively and release resources for your core business activities
Market-linked returns and long-term investment growth
Regular Additions for higher fund sizes
Regularly additional units will be added to the Schemes and the percent varies by fund size at the beginning of the calendar month and the rate of these additions is in the range of 0.10% to 0.50% per annum'
Choice of 6 fund options
This plan offers you the flexibility to choose from an array of six funds given below, as per your Risk-Return Profile that will enable you to maximize the earnings potential.
- Group Balanced Fund - (ULGF-003-27/06/03-BALFND-107)
- Group Bond Fund - (ULGF-004-15/04/04-BNDFND-107)
- Group Floating Rate Fund - (ULGF-005-07/12/04-FLTRFND-107)
- Group Gilt Fund - (ULGF-002-27/06/03-GLTFND-107)
- Group Money Market Fund - (ULGF-001-27/06/03-MNMKFND-107)
- Group Short Term Bond Fund - (ULGF-018-18/12/13-SHTRMBND-107)
Life insurance coverage for employees
Convenient renewal process:
This is an annually renewable policy which will be auto renewed subject to availability of sufficient premiums.
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