Facebook Twitter
1800 209 8800
Mon-Sat 8am - 10pm
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.
Secure Return Gratuity Plan

Kotak Superannuation Group Plan - II

Unit Linked Life Insurance

"IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER."

 

In today's time when the prospect of out-living retirement savings is larger than ever, few employees take the time to plan their long-term financial goals or have the discipline to systematically save for their retirement years. As an employer of choice, you can help your employees tremendously by assisting in their retirement planning and, in turn, increase employee retention. The solution lies in Kotak Life Insurance's Kotak Superannuation Group Plan - II. This plan offers:

 

  • Defined Benefit Scheme - In this scheme, employers provide employees a specific retirement benefit based on salary and years of service. Such plans are funded by employer contributions. If there is any shortfall between the amounts available in the scheme for payment to the employee, the shortfall will be made good by the master policyholder/employer.

  • Defined Contribution Scheme - In this scheme, both employees and/or employers can contribute towards fund accumulation and the rate of employer and/or employee contributions are usually defined as a percentage of salary. This scheme is becoming more important for workers in today's evolving marketplace where the average worker may switch jobs and even careers multiple times over the course of a lifetime. Both employer and employee can contribute to this scheme. The fund value at the time of benefit payment will be payable.

Download Brochure

Particulars Minimum Maximum
Group size 10 No limit
Entry age (Last birthday As specified in the Trust Rules or 18 years whichever is higher One year before Normal Retirement Age as specified in the Trust Rules or 74 years whichever is lower
Maturity age (Last birthday) - Normal Retirement Age as specified in the Trust Rule or 75 years whichever is lower
Term 1 year (renewable indefinitely)
Initial Contribution – Defined benefit 2,00,000 at inception No limit
Initial Contribution – Defined contribution 6,000 per member per year at inception No limit


NEED HELP BUYING A PLAN?

Request a Relationship Manger




Type the code shown :



By submitting this form, you hereby allow us to contact you even if you are registered under NDNC.


Explore Kotak Life Insurance