Composite Employee Benefit Solution to cater to the requirements of Superannuation schemes
The nature of the schemes may be Defined Benefit (DB) or Defined Contribution DC).Depending on the scheme rules, the benefits in the event of death, retirement 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.
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Additional Protection.
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.
One fine body...
Insurance is the subject matter of the solicitation.
Any amount received by the trustees on behalf of an approved superannuation fund is exempt under sec 10(25) (iii).
The amount of deduction available on ordinary annual contribution to an approved superannuation fund shall not exceed 27% (including the contribution to Provident Fund) of the employee's annual basic salary for each year of his service under section36 (1)(iv) of the Income Tax Act, 1961.
Any employee contribution towards an approved superannuation fund qualifies for tax deduction (up to 1 lac) under section 80 C of the Income Tax Act, 1961. On death, the benefit paid to nominee shall be exempt from tax under section 10(13) and shall be as per the scheme rules of the employer's superannuation scheme. On retirement (vesting), the benefit shall be as per the scheme rules of the employer's superannuation scheme and commuted benefit shall be tax free. Any contribution by employer to approved superannuation fund up to 1 lac will not be included in perquisites of the employee under Sec 17(2)(vii) At the time of withdrawal from service, employee has an option to transfer his superannuation account to his/her new employer, if allowed as per scheme rules of the superannuation fund.
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
Kotak Secure Return Superannuation Plan- UIN No.: 107N086V01
Form No: N086 Ref No: KLI/13-14/E-WEB/361
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
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.
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.
