|
|
|
|
|
|
|
Insurance Company
|
Kotak Mahindra Old Mutual Life Insurance Ltd
|
|
Plan Name
|
Kotak Term Grouplan
|
|
Plan Nature
|
TRADITIONAL
|
|
Plan Category
|
Term Plan
|
|
UIN No.
|
107N007V03
|
|
About Plan
|
The Kotak Term Grouplan is a good way to show your employees you care. Not only does it provide a life cover for your employees, it also takes care of their family's needs and protects them against life's uncertainties.The plan provides life cover for a group of employees, by paying a lump sum benefit to the beneficiary on the death of an employee. The plan is offered on a yearly renewable basis and is non-participating. It is secured via a single policy on the lives of all the members of the Group.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
18 years
|
|
Minimum Sum Assured
|
Rs.20000/
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Maturity Benefits
|
Nil
|
|
Death Benefits
|
The plan provides life cover for a group of employees, by paying a lump sum benefit to the beneficiary on the death of an employee
|
|
Employees Benefit
|
Insurance protection at a relatively low cost.Hassle free and convenient process. Cover is available 24 hours a day, 7 days a week, anywhere in the world. Conversion option- Option to convert to an individual policy from Kotak Life Insurance.
|
|
Organisation Benefit
|
Provide welfare benefits and a sense of security to the employees and their families, Simple administrative procedures, High degree of customization and flexibility, Option to choose from flat or graded cover, multiple of salary or banded to length of service
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
|
|
|
|
|
|
|
|
|
|
Accidental Death Benefit (Rider) [107C005V01]
|
|
Accidental Dismemberment Benefit (Rider) [107C006V01]
|
|
Accidental Death Disability & Dismemberment (Rider) [107C007V01]
|
|
Accidental Disability Benefit (Rider) [107C008V01]
|
|
Critical Illness Benefit (Rider) [107C009V01]
|
|
Family Benefit (Rider) [107C010V01]
|
|
|
|
|
|
|
|
|
|
You have the option to select the premium payment mode. You may choose to pay a single premium or regular premiums. You may also choose to pay your premiums monthly, quarterly or half-yearly or annually. Premium modal factors will apply as follows monthly-8.75% of annual premium, quareterly-26% of annual premium, half yearly-51% of annual premium.
|
|
|
|
|
|
|
|
21-Jan-09
11:52
|
Kotak Life ties up with DHFL Vysya
|
|
15-Jan-09
14:10
|
Kotak Life registered a growth of 63%
|
|
24-Dec-08
14:50
|
Kotak Life launches interactive Web site
|
|
22-Oct-08
12:10
|
Kotak Life launches Kotak long life
|
|
16-Oct-08
11:59
|
Insurance cover for student loans
|
|
15-Oct-08
09:35
|
Allahabad Bank signs MoU with Kotak Life Insurance
|
|
01-Sep-08
09:35
|
Other Insurers to follow Kotak's strategy on cut insurance cost
|
|
28-Aug-08
20:41
|
Kotak Life insurance brings down term plan rates up to 40%
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|