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Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.
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Note: “In this policy, the investment risk in investment portfolio is borne by the policyholder.”
Gratuity is one of the vital aspects of employee benefits, that helps you retain the best of talent. But with increasing salaries and tenure, gratuity liability might also increase. You can relieve the liability with a comprehensive and effective gratuity plan that can help you reduce business costs and meet the funding needs to make gratuity payments. Kotak Gratuity Group Plan (KGGP) - a Unit-linked Group Gratuity Plan that will not only help you fund for the gratuity obligation systematically & effectively but will also help you release resources for your core business activities. It can help you avail tax benefits as applicable to approved gratuity funds as well.
Investing your Gratuity fund in a unit linked investment portfolio exposes you to a variety of market instruments. This plan enables you to reward your employees without putting a financial stress on your core business in the long run
For fund sizes above the prescribed limits, additional units will be added to the schemes regularly, and the percentage addition will vary by fund size at the beginning of the calendar month.
This plan offers 7 fund options to choose from suiting your risk appetite and investment objective.
Apart from Gratuity benefit, employees are entitled to life insurance coverage that will be payable to their families in the unfortunate event of the death.
Gratuity settlement for retirement/resignation/ (as the case may be) will be settled as per the Trust Rules:
Note : Tax benefits are subject to change in the tax laws. You are advised to consult your tax advisor for details.
Kotak Gratuity Group Plan UIN: 107L010V07, Form No: L010; Ref. No.: KLI/17-18/E-WEB/728
Kotak Mahindra Life Insurance Company Ltd. (formerly known as Kotak Mahindra Life Insurance Company Ltd.(Formerly known as 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)
SMS KLIFE to 5676788 Toll Free No. - 1800 209 8800
This is a non-participating, unit-linked, group gratuity plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI clarifies to public that
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. (formerly known as Kotak Mahindra Life Insurance Company Ltd.(Formerly known as Kotak Mahindra Old Mutual Life Insurance Ltd.)) under license.
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