Tell a friend about this page!
Friend's Name:
Friend's Email:
Your Name:
Your Email:

A Group Gratuity / Leave Encashment Plan

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.

Search this web site:
<img src="assets/img/next.png" alt="Next" />

Key Features

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.

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.

Eligibility

Age at entry (Age Last Birthday) Min : 18 Years. Max : 74 Years
Maximum Maturity Age (Age Last Birthday) Max : 75 years
Cover Term 1 year renewable
Contribution Min : 15,00,000/-
Max : No Limit

Tax Benefits

  • Contributions to an approved Gratuity fund is deductible under section 36 (1)(v) of the Income Tax Act, 1961, subject to the conditions contained therein

  • Income earned from investments received by an approved Gratuity fund is tax-exempt under Section 10(25)(iv) of the Income Tax Act, 1961

.

  • For Government employees, Gratuity receipts at the time of retirement are completely tax free

  • For Non-government employees, Gratuity receipts are tax-exempt up to the limit of 10 lakhs under Section 10(10) of the Income Tax Act, 1961

    • Terms & Conditions

    Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force.
    Insurance is the subject matter of solicitation.
    This is a Savings-cum-Protection oriented non-participating endowment assurance plan.
    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 is a non-participating non unit-linked variable insurance group plan.

    Kotak Secure Return Employee Benefit Plan
    Plan - UIN No.: 107N087V01
    Form No: N087 Ref No: KLI/13-14/E-WEB/362

    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.

    Design adopted from OrangeIde © Rajana2014 All rights reserved.
    Products shown/described in this page are products of Kotak Lifeinsurance and thay are the owners of them.