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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 Term Group Plan

Create loyalty by offering security

An organization ismade of the people who build it with the strength of their mind and dedication of their heart. Since these people are so important, the security of their families is precious. Being an organization of repute you may like to share this responsibility by providing them with a solution that meets their need.

Kotak Term Group Plan provides life cover to the member, by paying a lump sum benefit to the beneficiary in case of an unfortunate event. There is also an option available for the member to opt for additional voluntary life cover for self and spouse. There is also a range of riders available to cover other risks like disability, dismemberment, illness, family benefit and functional impairment. It is an ideal solution that provides security to the families of your members in case of an adversity.

Key features

  • Voluntary cover for employees' spouses

    Many employees work to support the needs and wants of their loved ones, which is why we extend the protection to their spouses for a nominal additional premium. Knowing their loved ones are well taken care of, your employees can truly give their best at work.

  • Choice of preferred premium payment mode

    Depending on your organization's current needs, you can choose to opt for annual, half-yearly, quarterly and monthly premium payments.

  • Other advantages

    Simple and easy administrative processes, Tax- deductible premiums, Worldwide insurance coverage, Comprehensive coverage with simplified underwriting,

Eligibility

  • Eligibility

    Individual borrowers and investors / co-borrowers /co-investors of the institution can be covered under this plan.

    • Group Size: Min: 50 | Max: No Limit
    • Age criteria: Entry Age (as on Last Birthday) Min: As per scheme rules or 18 years whichever is higher | Max: As per scheme rules or 74 years whichever is lower
  • Basic Sum Assured per Member

    • Minimum: Rs. 1,000 | Maximum: No Limit
  • Policy Term

    • 1 year (Annually Renewable)
  • Policy Payment Mode

    • Annual / Half-yearly / Quarterly / Monthly
  • Premium Modal Factor

    • Annual 100% , Half-Yearly 51%, Quarterly 26%, Monthly 8.75%

Additional protection with optional Riders

  • Accidental Death Benefit (ADE UIN - 107B005V04)

    Offers additional lump sum benefit over and above the basic sum assured will be paid upon accidental death.

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  • Accidental Disability Benefit (ADB) UIN 107B008V03

    Offers lump sum benefit paid upon disability claim, on top of basic sum assured.

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  • Accidental Dismemberment Benefit (ADM) UIN- 107B006V03

    Offers lump sum benefit paid upon complete or partial loss of a limb, or loss of eyesight or hearing due to accidental causes.

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  • Accidental Death, Disability and Dismemberment Benefit (ADDD) UIN 107B007V03

    Offers lump sum benefit paid upon the three eventualities.

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  • Critical Illness Benefit (CI) UIN 107B009V04

    Offers Critical Illness Benefit - payable if the member suffers from one of the 12 critical illnesses covered and the death benefit for the member will reduce to the extent of the payout.

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  • Kotak Critical Illness Plus Benefit (CIP UIN 107B015V03

    Offers Critical Illness Benefit - payable upon a critical illness claim. While the benefit ceases after payment, the Death Benefit is still payable.

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  • Family Benefit (FB UIN 107B010V03)

    Offers Life cover for the member's spouse and three children aged between 1 and 18 years.

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  • Terminal Illness Benefit (TI UIN 107B014V03)

    Offers benefit payable upon claim of a terminal illness. Death Benefit will be reduced depending on payout.

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  • Daily Task Benefit (DT UIN 107B016V02)

    Offers benefit payable upon claim of member's inability to perform daily activities; after payment the member's benefit will cease. Death Benefit will be reduced depending on payout. Additional premiums apply with these riders. Please read a Group Rider brochure carefully for details.

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Downloads

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

Need help buying a plan?

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

Call our toll free number and our representative will help you buy the most suitable plan.

Mail us on clientservicedesk@kotak.com

Mail your queries to us and we will answer them at the earliest.

Read about Tax benefits & Plan Disclaimer

Premiums paid for employees may be listed as business expenses and are tax-deductible as per Income Tax Act,1961. Tax laws are subject to change. Please consult your tax advisor for details.

Terms and conditions

Kotak Term Group Plan - UIN 107N007V05, Form No. N007, Ref. No. KLI/16-17/E-WEB/532

Accidental Death Benefit (ADE) UIN - 107B005V05, Form No. B005, Accidental Disability Benefit (ADB) UIN 107B008V03, Form No. B008, Accidental Dismemberment Benefit (ADM) UIN- 107B006V03, Form No. B006, Accidental Death, Disability and Dismemberment Benefit (ADDD) UIN 107B007V03, Form No. B007, Critical Illness Benefit (CI) UIN 107B009V05, Form No. B009, Family Benefit (FB) UIN 107B010V03, Form No. B010, Terminal Illness Benefit (TI) UIN 107B014V03, Form No. B014, Daily Task Benefit (DT) UIN 107B016V02, Form No. B016, Kotak Critical Illness Plus Benefit (CIP) UIN 107B015V04, Form No. B015

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

SMS KLIFE to 5676788 Toll Free No. - 1800 209 8800

This is a non-participating term group plan For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. For details on riders, please refer to the Rider Brochure.

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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