Kotak Secure Return Employee Benefit Plan is designed to cater to the needs of Employers / Trustees State governments / Central government / PSUs planning to fund group members' benefit schemes. This product is designed as a comprehensive employee benefit solution to manage the Gratuity and Leave Encashment schemes in the most efficient manner.
Composite Employee Benefit Solution to cater to the requirements of Gratuity and Leave Encashment benefit schemes
Depending on the scheme rules, the benefits in the event of death,retirement, resignation, withdrawal or any other exit of the members as per scheme rules will be payable.
Guaranteed Minimum Floor Rate
Minimum floor rate of 2% per annum is guaranteed for the entire term of the policy accumulating on the balance of the Account Value.
Competitive Additional Interest Rate declared at the beginning of every quarter.
At the beginning of each calendar quarter KLI will declare a non negative return applicable for that quarter. The Additional Interest Rate will be set equal to 95% of the expected gross yields to be earned on the backing assets less the minimum floor rate.
Option to provide additional life cover at additional cost through Kotak Term Group Plan
Convenient renewal process
This is an annually renewable policy which will be auto renewed subject to availability of sufficient premiums.
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