Now you can buy life insurance plans completely online right here.
Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
Kotak e-Assured Savings Plan not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.
Kotak e-Lifetime Income Plan gives you the assurance of regular stream of income throughout your lifetime to lead a care-free life.
Our representative will get in touch with you at the earliest.
Pool risks and shoulder responsibilities to benefit all
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
In the event of a borrower's death, Kotak Life Insurance will pay the remaining loan amount on the borrower's behalf.
The borrower's family is relieved of the financial burden of paying the outstanding loan amount.
With a one-time single premium payment, we'll help manage the borrowers' accounts so that both the borrowers and the credit institution don't feel the hassle of paying multiple times.
The pooling of risk (group cover) allows the cover to be provided at a low cost – thus making it hassle-free and convenient.
The plan comes with easy documentation process and relaxed medical examination norms (subject to applicable conditions) making it an extremely convenient plan to buy.
^Note: - In case of minor life insured, an appointee shall be required.
Download the brochure to know more about the plan and how it can benefit you.
Tax benefits are subject to change in tax laws. You are advised to consult your tax advisor for details.
Kotak Complete Cover Group Plan UIN 107N018V05 Form No. N018 Ref No: KLI/17-18/E-WEB/62
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)
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
Kotak Group Assure Plan protects the family of the life insured from risk of loan liability in case of the demise of the insured and it also shields credit institutions from the risk of loan non-payments due to death, illness and disability.Know more
Kotak Group Shield Plan covers your customers' loans and savings and protects the well-being of your customers and their family members in the event of death, illness or disability.Know more