KOTAK LIFE INSURANCE
PLAN TO PROTECT YOUR FAMILY IN A RIGHT WAY, WITH RIGHT CHOICE

Term Grouplan

This plan keeps your employees safe and secure and a good way to show you care for your employees and their family. Its an easy renewable plan and non- participating It is secured via a single policy on the lives of all the members of the Group.

How does it benefit my Employees?

  1. Insurance protection at a relatively low cost.
  2. Hassle free and convenient process.
  3. Cover is available 24 hours a day, 7 days a week, anywhere in the world.
  4. Conversion option- Option to convert to an individual policy from Kotak Life Insurance.
  5. All claim payments may be considered as non-taxable receipts and could consequently be considered as tax exempt under Section 10(10D) of the Income Tax Act, 1961.

If the employee pays part or whole of the premium, he/she may be able to claim a deduction under Section 80(C) of the Income Tax Act, 1961.

Eligibility criteria.

• Minimum age at entry will be 18 years
• No employee will be covered above age 65 or normal retirement date, whichever is earlier
• The minimum number of eligible employees in a group is 50. There is no maximum limit
• Minimum sum assured to be Rs. 20,000 per member.

Kotak Life assures you of a cost effective fund management for you and your employees’ benefit in a transparent and simplistic manner without any hidden costs!
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