Kotak Group Secure Capital Plan

Kotak Group Secure Capital Plan

A Non-Participating, Guaranteed Unit Linked, Fund based Group Plan
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.

Key features

Gives boost to your investment
Market-linked returns and long-term investment growth

Guaranteed Benefits
Offers guarantee in the form of Return of all contributions made (Net of benefit payments, if any at the point of exit

Loyalty Additions
Add value to your contribution with Loyalty Additions which is credited in the form of additional units every financial year

Life cover for employees
This plan offers life insurance coverage for employees

Tax benefits
Employer / Trust and employees can avail tax benefit as applicable under the Income Tax law.

Eligibility

Age criteria

Group: Employer - Employee

Entry Age (as on last birthday)

Minimum: 18 Years or as per scheme rules whichever is higher

Maximum: 85 years or retirement age as specified in scheme rules whichever is lower
Max Maturity Age (as on last birthday): Retirement age as specified in scheme rules or 86 years whicheverMax Maturity Age (as on last birthday): Retirement age as specified in scheme rules or 86 years whichever is lower

Policy Term: 1 year (Yearly renewable)

Sum Assured: Rs. 5,000 per member (Not applicable for Superannuation Schemes)

Contribution Frequency:

Depending on funding requirements of the Scheme