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Kotak life insurance offers many group insurance plans to individuals belonging to a group such as employees working in an organisation. Kotak Life Group Plans offer life cover and also protection against loan and repayment of dues in case of an untimely death of the life insured.

Types of Kotak Life Group Plans

Some of the group plans offered by the insurer are:

  • Kotak Term Group Plan
  • Kotak Credit Term Group Plan
  • Kotak Complete Cover Group Plan
  • Kotak Group Assure Plan
  • Kotak Group Shield Plan

What are the benefits of Kotak life group insurance plans?

Employers, employees and even Central Government can avail the benefits of different plan options under Kotak Life Group plans. These plans offer life cover and also cover against loans and repayment of dues. Many group plans also provide cover for critical illness and disability.

Kotak Life Group Plan helps employers provide life cover and protection against outstanding loan dues for employees. The group plans can help employers and employees equally. Employers such as private companies, PSU, government organisations, etc can benefit by building their reputation. Companies that provide benefits like gratuity, retirement planning, insurance cover, etc to their employees enjoy goodwill in the long run and this can impact their performance as well. Employees too receive benefits from such plans since the group plans protect them and their family members in case of their untimely death.

Employees who cannot afford to invest in individual life covers can benefit from group plans that are provided by their companies. With Kotak Life group insurance plans, employees can be assured of financial cover in case of an unfortunate event.

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