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A Group credit level cover insurance plan

A comprehensive group insurance plan for financial institutions to safeguard their financial assets from default payments, the Kotak Group Shield Plan covers your customers' loans and savings.

Its wide-ranging life insurance cover also protects the well-being of your customers and their Family members in the event of death, illness or disability.

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Key Features

Protection against a loan liability
Kotak Group Shield provides a cover that is generally equal to the initial loan amount. The benefit will be payable to the borrower/nominee/legal heir, in case of the occurrence of the insured event. It gives peace of mind to the customer's family by relieving the loan liability and eliminates the risk of non-repayment due to the unfortunate event.

Comprehensive protection

    Kotak Group Shield provides protection not only
    in case of death of the customer but also
    in case of unfortunate events like:
  • Disability
  • Critical illness
  • Terminal illness

Various plan options for different needs
    To better suit your needs, the Kotak Group Shield is available in Four options as follows:
  • Easy Group Shield
  • Group Shield
  • Group Shield Plus Disability Benefit
  • Group Shield Plus Critical Illness Benefit
  • Joint Life Option
For detailed conditions and exclusions for the above plan options, please read the brochure carefully. .

Tax Benefits

1. As per existing tax laws, premium paid by the financial institution could be considered as part of business expenses and may be tax deductible.

2. As per existing tax laws, any premium paid by a customer in his/her capacity as an individual may be eligible for tax deduction under section 80C of the Income Tax Act, 1961. Benefits received by the customer's nominee are tax free under section 10(10 D) of the Income Tax Act, 1961..

3. *Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. You are advised to consult your tax adviser for details

Terms and conditions

Insurance is the subject matter of the solicitation.
IIn the event of the Group member committing suicide within one year of the date of commencement of the cover of member, 80% of the premiums paid will be payable to the nominee.
All references made to the loan/ savings instruments are implied to be as per the original schedule.

Kotak Group Shield - UIN 107N050V03,
Form No: N050 Ref No: KLI/13-14/E-WEB/111

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDA clarifies to public that
IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Kotak Mahindra Old Mutual Life Insurance Ltd.
Regn. No: 107,
Regd. Office: 4th Floor, Vinay Bhavya Complex,
159 A, CST Road, Kalina, Santacruz East, Mumbai: 400 098
Toll Free: 1800 209 8800 (8 am to 10 pm)
Website:http://insurance.kotak.com
Email: clientservicedesk@kotak.com
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
Insurance is the subject matter of the solicitation.
This website content is not a brochure and only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For more details on rider benefits, please refer to the rider brochure.

/// Know about KOTAK LIFE INSURANCE.

  • 1.Kotak Mahindra group, offering wide range of Fin services.

    ..

    Kotak Mahindra group, offering wide range of Fin services.

  • 2: our journey, since inception.

    2: our journey, since inception.

  • 3:Kotak Life insurance plans as per IRDA guidelines.

    ..

    3:Kotak Life insurance plans as per IRDA guidelines.

  • 4:Kotak Life products - Revised, Improved, Customer Friendly.

    4:Kotak Life products - Revised, Improved, Customer Friendly.

  • 5: Core purpose - PALTS

    5: Core purpose - PALTS

  • 6:Invest with us.

    6:Invest with us.

  • 7:India's most respected private Life Insurance co.

    7:India's most respected private Life Insurance co.

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Products shown/described in this page are products of Kotak Lifeinsurance and thay are the owners of them.