Kotak Raksha Group Micro Insurance Plan

A Non-Participating Non-Linked Group Micro Pure Risk Product

Kotak Raksha Group Micro Insurance Plan is a protection oriented plan that aims to cover the socially and economically weaker sections of the society. It offers to provide security to them and their families in case of any unfortunate event. The plan provides flexibility in choosing cover options as per the needs and requirements of the members.

Key Features

Flexibility to choose Plan options – Level Cover or Reducing Cover
Gives flexibility to choose any of the cover options basis needs of the members at the inception.
Flexibility to cover Single or Joint Life
Depending on the need of the member the cover can be opted for either Single / Joint life.
Flexibility to pay premiums as per convenience
Premium payment options of Regular, Single or One Year Renewable Term (OYRT) are available.
Flexibility to add a Group Daily HospiCash Benefit Rider
Provides a fixed daily cash benefit for each day of hospitalization due to illness, injury, or accident.

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Eligibility

- Group Size: Minimum: 5 || Maximum: No limit
- Entry age
  (Last birthday) Minimum : 18 years || Maximum : 75 years (74 for regular pay)
- Maximum Maturity age (last birthday): 77 years
Premium Payment Term (PPT)
- Regular, Single & OYRT
Cover Term
- OYRT: 1 year (Annually Renewable, indefinitely)
Policy Term (Min – Max) Regular Single

Level Cover 13 months to 10 years 1 month to 10 years

Reducing Term 13 months to 5 years 6 month to 10 years

Term will be in multiple of one month at member level.

Master policy shall continue till the expiry of tenure of all members.
Basic Sum Assured
- ₹5,000 - ₹2,00, 000 per member
Premium Frequency
- Single Regular/OYRT – Yearly, Half-yearly, Quarterly, Monthly
Modal Factors (as % of tabulated rate)
- Frequency Yearly Half-yearly Quarterly Monthly
- Modal Factor: 100% 51% 26% 8.5%

Downloads

Download the brochure to know more about the plan and how it can benefit you.

Need help buying a plan?

Request a Relationship Manager

Select City

Select Member Count

Select Plan

By submitting this form, you hereby allow us to contact you even if you are registered under NDNC.

Submit Clear

Mail us on corporate.solutions@kotak.com

Mail your queries to us and we will answer them at the earliest.

Read about Tax benefits & Plan Disclaimer

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Tax Benefits & Disclaimers

Applicable tax benefits for premiums and benefits will be available as per the Income Tax Act, 1961. Tax laws are subject to amendments from time to time. You are advised to take an independent view from tax consultant.

Kotak Raksha Group Micro Insurance Plan: UIN:107N101V05.

This is a non-participating non-linked group micro pure risk product. This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

Kotak Mahindra Life Insurance Company Ltd.

Regn. No: 107, CIN: U66030MH2000PLC128503;

Regd. Office: 8th Floor, Plot # C - 12, G - Block, BKC, Bandra (E),

Mumbai - 400 051;

Website:www.kotaklife.com

Email: kli.groupoperations@kotak.com

Toll Free No. – 1800 120 7856

Ref. No.: KLI/24-25/E-WEB/1932

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

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Kotak Raksha Group Micro Insurance Plan

Key Features

Flexibility to choose Plan options – Level Cover or Reducing Cover

Flexibility to cover Single or Joint Life

Flexibility to pay premiums as per convenience

Flexibility to add a Group Daily HospiCash Benefit Rider

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Eligibility

Premium Payment Term (PPT)

Cover Term

Basic Sum Assured

Premium Frequency

Modal Factors (as % of tabulated rate)

Downloads

Need help buying a plan?

Request a Relationship Manager

Thank you

Mail us on corporate.solutions@kotak.com

Read about Tax benefits & Plan Disclaimer

Similar plans

Kotak Pradhan Mantri Jeevan Jyoti Bima Yojana

Kotak Group Secure One

Health Insurance Plans

Policy Term (Min – Max)	Regular	Single
Level Cover	13 months to 10 years	1 month to 10 years
Reducing Term	13 months to 5 years	6 month to 10 years