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

A Group credit reducing cover insurance plan

Kotak Group Assure Plan protects the family of the life insured from risk of loan liability falling on their head in case of the demise of the insured.
At the same time, it shields credit institutions from the risk of loan non-payments due to death, illness and disability.
It also helps to protect customer's assets and savings in the unfortunate event of death, illness or disability

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

Key Features

Protection against a loan liability
Kotak Group Assure is a group credit insurance policy that provides cover that is equal to the outstanding balance of the loan amount as per the loan repayment schedule as per the cover schedule provided by the Insurer.
The benefit will be payable to the borrower/nominee/legal heir in case of occurrence of the insured event to the extent of the outstanding loan amount as per the cover schedule provided by the Insurer. It gives peace of mind to customer's family by relieving the loan liability and eliminates the risk of non-repayment due to the insured event.

Comprehensive coverage

    Kotak Group Assure is one of the group insurance plans that provide protection not only in case of death of the customer but also in case of other unfortunate events including:
  • Disability
  • Critical illness
  • Terminal illness

Various plan options for different needs

    To better suit your needs, the Kotak Group Assure is available in Four options as follows:
  • Easy Group Assure
  • Group Assure
  • Group Assure plus Disability Benefit
  • Group Assure Plus Critical Illness Benefit
  • Joint Life Cover
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.

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.
In 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 Assure - UIN 107N051V03,
Form No: N051 KLI/13-14/E-WEB/113

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.