Kotak Group Shield

Kotak Group Shield

A Group Credit Level Cover Insurance Plan

A comprehensive group insurance plan for financial institutions to safeguard their financial assets from default payments, the Kotak Group Shield Plan covers your customers loans and savings. Its wide-ranging life insurance cover also protects the well-being of your customers and their family members in the event of death, illness or disability.

Key features

Protection against a loan liability
Kotak Group Shield provides a cover that is generally equal to the initial loan amount. The benefit will be payable to the borrower/nominee/legal heir, in case of the occurrence of the insured event. It gives peace of mind to the customer's family by relieving the loan liability and eliminates the risk of non-repayment due to the unfortunate event.

Comprehensive protection
Kotak Group Shield provides protection not only in case of death of the customer but also in case of unfortunate events like: Disability, Critical illness, Terminal illness,

Various plan options for different needs
To better suit your needs, the Kotak Group Shield is available in four options as follows: Easy Group Shield, Group Shield, Group Shield Plus Disability Benefit, Group Shield Plus Critical Illness Benefit, Joint Life Option. For detailed conditions and exclusions for the above plan options, please read the brochure carefully.

Eligibility




Note:- In case of minor life insured, an appointee shall be required.

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