Kotak Group Assure

Kotak Group Assure

A Group Credit Reducing Cover Insurance Plan
Secure your dreams and your family as well
Everyone has big dreams and aspirations for your family future and you pick the best financial loans available to bridge the financial gap.
Kotak Group Assure Plan protects the family of the life insured from risk of loan liability falling on their head in case of the demise of the insured. At the same time, it shields credit institutions from the risk of loan non-payments due to death, illness and disability. It also helps to protect customer assets and savings in the unfortunate event of death, illness or disability.

Key features

Protection against a loan liability
Kotak Group Assure is a group credit insurance policy that provides cover that is equal to the outstanding balance of the loan amount, as per the loan repayment schedule, as per the cover schedule provided by the Insurer. The benefit will be payable to the borrower/nominee/legal heir in case of occurrence of the insured event to the extent of the outstanding loan amount as per the cover schedule provided by the Insurer. It gives peace of mind to customer's family by relieving the loan liability and eliminates the risk of non-repayment due to the insured event.

Comprehensive coverage
Kotak Group Assure is one of the group insurance plans that provides protection in case of death of the customer and also in case of other unfortunate events including: Disability, Critical illness, Terminal illness

Various plan options for different needs
To better suit your needs, the Kotak Group Assure is available in following options: Easy Group Assure Group Assure Group Assure plus Disability Benefit Group Assure Plus Critical Illness Benefit Joint Life Cover

Eligibility