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Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.
Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.
Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!
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Unit Linked Life Insurance
Note: In this policy, the investment risk in investment portfolio is borne by the policyholder.
The key to employee retention is in your hands. In today’s time when the prospect of out-living retirement savings is larger than ever, your employees might not take the time to plan their long-term financial goals or have the discipline to systematically save for their retirement years. As an employer, you can help your employees in their retirement planning and, in turn, increase employee retention. You can achieve this with Kotak Superannuation Group Plan - II. It offers:
Defined Benefit Scheme - In this scheme, you can provide employees a specific retirement benefit based on salary and years of service. Such plans are funded by your contributions. If there is any shortfall between the amounts available in the scheme for payment to the employee, the shortfall will be made good by the master policyholder or the employer.
Defined Contribution Scheme - In this scheme, both your employees and/or you can contribute towards fund accumulation and the rates of each of your and your employees’ contributions are usually defined as a percentage of salary. It is becoming more important for employees in today’s evolving marketplace where the average employee may switch jobs and even careers multiple times over the course of a lifetime. The fund value at the time of benefit payment will be payable.
Get guarantees in the form of assured benefit payable as per option chosen: >Defined Benefit Schemes - Assured Benefit payable on complete surrender shall not be less than 100.1% of the total contribution paid, net of withdrawals already made from the account. Assured Benefit shall be applicable on the entire superannuation fund available with the Insurer. >Defined Contribution Schemes - Assured Benefit payable on retirement or death shall not be less than 100.1% of contributions paid. Assured Benefit is not applicable on exits other than retirement or death.
Monthly Regular Additions are added to the Schemes and the percent varies by fund size at the beginning of the calendar month.
It helps employer increase employee retention and motivation by helping to provide for their retirement. 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 Rs. 1 lacs) 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 Rs. 1 lacs 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. Note: Tax benefits are subject to change in the tax laws. You are advised to consult your tax advisor for details.
Know More About Our Other Group Insurance Offerings.
Note: Tax benefits are subject to change in the tax laws. You are advised to consult your tax advisor for details.
Insurance is the subject matter of solicitation. This is a non-participating unit-linked group plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Kotak Superannuation Group Plan - II, UIN: 107L078V01, Form No: L078, Ref. No.: KLI/13-14/E-WEB/081
Reg No. 107
CIN : U66030MH2000PLC128503
2nd Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)
Insurance is the subject matter of solicitation. This is a non-participating group gratuity plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Hard copy of the information will be provided on request.
IRDAI clarifies to public that
Kotak Secure Return Superannuation Benefit is designed to cater to the needs of employers, trustees state governments, central government, PSUs planning to fund group members' superannuation benefit schemes.Know more
Kotak Group Secure Capital Plan is a Non-Participating, Guaranteed Unit Linked Fund Based Group Life Insurance Plan. It enables Employers /Trusts to manage funds under their employee benefit schemes like Gratuity, Leave Encashment, Superannuation (Defined Contribution and Defined Benefit) and Post-Retirement Medical Schemes (PRMS) in an efficient manner. As an employer, this plan will help you to design an optimal retirement benefits for your employees and in turn increase employee retention.Know more
Kotak Assured Return Employee Benefit Plan is an insurance plan designed for Employers /Trusts, Employer – Employee groups who wants experts to manage their employee benefit schemes like Gratuity, Leave Encashment, Superannuation (Defined Contribution and Defined Benefit) and Post-Retirement Medical Benefit Schemes (PRMBS).Know more