Kotak Group Secure One

Kotak Group Secure One

A Group Term Insurance Plan

Kotak Group Secure One provides a comprehensive protection solution to your members in an unfortunate event of Death or Terminal Illness. For instance, as a Professional Association, its members will have an added advantage of life protection at affordable rates.

Key features

Provides financial security to the members family
The plan may be used for members of Credit Co-operative societies, Self Help Groups, NGO's, Government schemes, Professional Association, etc. where the sum assured is payable to the nominee, in a lump sum in case of the sudden demise of the insured member.

Protection of a targeted savings amount
This plan may also be used by depositors. In this case the sum assured, which is the targeted savings amount of the deposits, is payable to the nominee, in case of the sudden demise of the insured member.

Comprehensive solution
Kotak Group Secure One provides protection not only in case of death of the member but also in case of Terminal Illness.

Eligibility

Age criteria
Group size:
Min: 50 members
Age criteria: Entry age (last birthday): Min: 18 years | Max: 79 years, Cover Cease age (last birthday): Max: 80 years

Cover Term
1 year; annually renewable

Sum Assured (Per member)
Minimum: Rs.5,000 | Maximum: As defined under Board Approved Underwriting Policy

Premium
Minimum: Premium corresponding to the minimum Sum Assured | Maximum: NA

Premium Payment Details
Premium Payment Term: 1 year; annually renewable
Premium Payment Mode: Yearly, Half Yearly, Quarterly, Monthly

Modal Factors
Yearly 100% | Half Yearly 51% | Quarterly-26%| Monthly-8.5% of annual premiums