Kotak Secure Return Employee Benefit Plan

Kotak Secure Return Employee Benefit Plan

A Group Life Insurance Gratuity / Leave Encashment Plan

Let your employees enjoy dual benefits. As an employer, we know you want to offer your employees the best you can, without any hassles to you or your employees. That is why Kotak Secure Return Employee Benefit Plan caters to the needs of employers, trustees, state governments, central government, PSUs to plan for funding group members benefit schemes. It is designed as a comprehensive employee benefit solution to manage the gratuity and leave encashment schemes in the most efficient manner.

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.

Competitive 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.

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 criteria
Minimum Group Size: 50 members
Age at entry (as on last birthday) Minimum: 18 Years |Maximum: 85Years
Max Maturity Age (as on last birthday): 86years

Cover Term
1 year renewable

Contribution
Minimum: Rs. 2,00,000/- | Maximum: No Limit