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  • Kotak e-Term Plan

    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

    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

    Kotak e-Lifetime Income Plan gives you the assurance of regular stream of income throughout your lifetime to lead a care-free life.

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Kotak Group Assure

Secure your dreams and your family as well

Everyone has big dreams and aspirations for your family’s future and you pick the best financial loans available to bridge the financial gap.Kotak Group Assure Plan protects the family of the life insured from risk of loan liability falling on their head in case of the demise of the insured. At the same time, it shields credit institutions from the risk of loan non-payments due to death, illness and disability. It also helps to protect customer’s assets and savings in the unfortunate event of death, illness or disability.

Key features

  • Protection against a loan liability

    Kotak Group Assure is a group credit insurance policy that provides cover that is equal to the outstanding balance of the loan amount, as per the loan repayment schedule, as per the cover schedule provided by the Insurer. The benefit will be payable to the borrower/nominee/legal heir in case of occurrence of the insured event to the extent of the outstanding loan amount as per the cover schedule provided by the Insurer. It gives peace of mind to customer's family by relieving the loan liability and eliminates the risk of non-repayment due to the insured event.

  • Comprehensive coverage

    Kotak Group Assure is one of the group insurance plans that provides protection in case of death of the customer and also in case of other unfortunate events including: Disability, Critical illness, Terminal illness

  • Various plan options for different needs

    To better suit your needs, the Kotak Group Assure is available in following options: Easy Group Assure Group Assure Group Assure plus Disability Benefit Group Assure Plus Critical Illness Benefit Joint Life Cover

Eligibility

  • ^Note:- In case of minor life insured, an appointee shall be required.
    Plan Options Easy Group Assure
    Group Assure
    Group Assure plus Disability Benefit
    Group Assure plus Critical Illness Benefit
    Minimum Group Size 50 Members 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 Assure :
    Min: Rs. 5,000
    Max : No limit

    For Group Assure :
    Min: Rs. 25,000
    Max : No limit
    For Group Assure plus Disability Benefit :
    Min: Rs. 25,000
    Max : No limit

    For Group Assure plus Critical Illness Benefit :
    Min: Rs. 100,000
    Max : No limit

Downloads

Download the brochure to know more about the plan and how it can benefit you.

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Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

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Mail us on clientservicedesk@kotak.com

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Read about Tax benefits & Plan Disclaimer

  • 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 under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. You are advised to consult your tax adviser for details

Terms and condition

  • In the event of the Group member committing suicide within one year of the date of commencement of the cover of member, 80% of the premiums paid will be payable to the nominee.
  • All references made to the loan/ savings instruments are implied to be as per the original schedule.

Kotak Group Assure - UIN 107N051V03, Form No: N051 KLI/13-14/E-WEB/113

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
Email: clientservicedesk@kotak.com

Insurance is the subject matter of solicitation. This is a non-participating protection oriented, term group plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Hard copy of the information will be provided on request.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

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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