Kotak Assured Return Employee Benefit Plan

Kotak Assured Return Employee Benefit Plan

Non-Participating, Non Linked Fund Based Group Plan

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).

Key features

Wide Range of Benefits for Your Employees
Provide wide range of benefits like Gratuity, Leave Encashment, Superannuation and Post-Retirement Medical Benefit Schemes (PRMBS).

Attractive Rate of Interest
Attractive rate of interest for a Specified Period declared in advance^. ^Specified Period is the period for which the contribution is being made, it is selected by Master Policyholder at the time of making each contributions.

Life Cover
Life cover of Rs. 5,000 per member under Gratuity, Leave Encashment and PRMBS

Professional Service
Professionally managed fund with high level of service by our representatives

Eligibility

Member Minimum Age at entry (Age Last Birthday): 18 years or as per scheme rules whichever is higher

Member Maximum Maturity Age (Age Last Birthday): 86 years or as per scheme rules whichever is lower

Policy Term:

Minimum / Maximum Policy Term: One-year renewable

Sum Assured (per member): Rs 5,000 for Gratuity, Leave Encashment and Post-Retirement Medical Benefit Schemes

Minimum Initial Contribution:

Defined Benefit Schemes at scheme level - Rs 10 lakh
Defined Contribution Schemes - Rs 500 per member

Maximum Initial Contribution: No Limit