Zurich Kotak General Insurance

1. Tax Benefits - Life insurance premiums are eligible for tax deductions under Section 80C of the Income Tax Act. This helps you save on taxes while securing your family's future. 

1. Flexible Plans - Zurich Kotak General Insurance offers a range of life insurance plans that can be customized to suit your specific needs and requirements. Whether you need term insurance, whole life insurance, or investment-linked plans, there is a plan for everyone. 

1.  Competitive premiums - The company offers affordable premium rates without compromising on the coverage. With Zurich Kotak General Insurance, you can get the best value for your money and secure your future without burning a hole in your pocket. 

1. Additional Riders - Zurich Kotak General Insurance also offers additional riders such as critical illness cover, accidental death benefit, and waiver of premium, which can further enhance your coverage and protect you from unforeseen circumstances. 

1. High claim settlement ratio - Claim settlement ratio is an important factor to consider when buying a life insurance policy. Zurich Kotak General Insurance has a good claim settlement ratio, which means they have a good track record of settling claims. This gives you the assurance that your loved ones will be taken care of in case of any unfortunate event. 

1. Comprehensive coverage options - Zurich Kotak General Insurance provides its customers with comprehensive coverage options. Whether you are looking for term insurance, endowment plans, or ULIPs, they have a wide range of products to cater to your needs. Their policies provide financial security for you and your loved ones in case of any unfortunate event. 

Different Types of Life Insurance Policies Offered by Zurich Kotak General Insurance 

Zurich Kotak General Insurance has established itself as one of India’s leading insurers for a number of reasons, and one of them is the quality of its products. Not only do they offer solutions that help you reach your long-term objectives, but we also have a diversified portfolio that can help you find the right policy for your needs, whether you are seeking protection, saving and investing plans, child plans or retirement solutions. 

1. Protection Plans 

1. Savings and Investments Plans 

1. Health Plans 

1. Retirement Plans 

Zurich Kotak General Insurance Protection Plans 

Zurich Kotak General Insurance’s protection plans are designed to not only provide financial security to policyholder’s family in case of any unfortunate event but also to ensure that the policyholder’s family’s emotional health is not adversely affected while allowing them to live a debt-free life. Below are some of the protection plans offered by the company: 

1. Zurich Kotak e-Term Plan: The e-Term plan is a pure risk cover term plan that provides the insured with high protection at a nominal cost. The insured can choose from a number of plan options and multiple payout options. Policyholders can either increase or decrease their cover based on their requirement. Moreover, the plan also offers special premium rates to women and non-tobacco customers. The minimum eligibility criteria to apply for this plan is 18 years of age.

2. Zurich Kotak Term Plan: The Zurich Kotak General Insurance Term Plan is a pure-risk cover plan that offers the policyholder a high level of protection at affordable premium rates. With this plan, women and non-tobacco-consuming customers can avail themselves of special premium rates. Moreover, it also comes with the flexibility of making premium payments on a yearly, half-yearly, quarterly, or monthly basis. An added advantage of this plan is that the policyholder can convert their term plan to other types of life plans offered by Zurich Kotak General Insurance.

3. Zurich Kotak Income Protection Plan: This is an individual, non-participating, non-linked insurance plan designed specifically for the younger generation of India. It provides a short-term package of life insurance cover at an affordable rate and is a pure protection plan. However, it comes with the option to increase life insurance coverage with multiple optional benefits. You can also avail yourself of flexible premium payment options, policy term options, and much more. Moreover, you will also get unlimited access to your primary care doctors, specialist doctor consultations, and the wellbeing app at no extra cost.

4. Zurich Kotak Saral Jeevan Bima: This is non-linked, non-participating, pure risk, individual life insurance plan. It provides long-term coverage (up to 70 years), to the policyholder. In case of any unfortunate event, this plan pays in lump sum amount. Moreover, the policyholder also gets multiple premium payment options. The minimum age required to apply for this plan is 18 years.

Zurich Kotak General Insurance Savings and Investment Plans 

The Zurich Kotak General Insurance Savings and Investment Plans provide a variety of ways for consumers to save and earn money. The methodical investment of your cash in these plans ensures that the policyholder and his or her family have sufficient finances to accomplish their financial goals. The following are the Zurich Kotak General Insurance Limited savings and investment plans: 

1. Zurich Kotak Sampoorn Bima Micro-Insurance: The insured must pay a single premium of Rs.200 for the Sampoorn Bima Micro-Insurance plan. The plan guarantees a payout at the end of the term. This plan does not require the policyholder to undergo any medical tests and gives guaranteed payout on maturity. In the event of any unforeseen circumstances with the policyholder during the term of the policy, the nominee will receive an amount of Rs. 5,00,000 to cover the immediate expenses. 

2. Zurich Kotak Classic Endowment Plan: This participating endowment plan protects the insured until he or she reaches the age of 75. From the first year of the policy, policyholders earn an annual bonus. The plan allows the insured to pay premiums according to their ability to pay. A discount is given to policyholders who choose a high sum guaranteed. 

3. Zurich Kotak Premier Endowment Plan: Within the first five years of the policy's tenure, the insured receives guaranteed increases of 5% p.a. of the initial sum assured under the Premier Endowment plan. From the 6th year of the policy's term forward, policyholders receive a bonus. The plan allows the insured to choose from a variety of premium payment alternatives. Moreover, this plan also offers additional coverage in the form of rider options. 

4. Zurich Kotak Assured Income Accelerator: This is a non-participating life insurance plan that ensures that the policyholder receives a yearly guaranteed income. Annual income boosters range from 5% to 7% of the insured's annual income. In addition, regardless of the guaranteed income paid during the policy's term, the insured receives a death benefit.  There is no minimum age requirement to apply for this plan. 

5. Zurich Kotak Premier Moneyback Plan: This is a participating plan, that pays out at regular intervals. Depending on the policy term chosen by the insured, a percentage of the sum assured is paid out as regular cash backs at specified intervals. A lump sum amount is paid out in addition to the maturity benefit at the end of the policy's term. Bonuses declared are paid out from the end of the first year of the policy's term. An additional sum is paid out in instances where the insured passes away due to an accident. 

6. Zurich Kotak Premier Income Plan: The Premier Income Plan provides the insured with guaranteed annual income immediately after making the premium payment. Female policyholders receive a greater sum assured. Additionally, policyholders have the benefit of accruing bonuses during the tenure of the plan. 

7. Zurich Kotak Guaranteed Savings Plan: This non-linked, non-participating life insurance plan The plan comes with a limited premium payment option that provides guaranteed additions accrued over the term of the policy. A lump sum amount is paid as loyalty additions at the end of the plan's tenure. 

8. Zurich Kotak Premier Life Plan: This is a whole life insurance policy that covers the policyholder until the age of 99. Bonuses might be paid out in one lump amount to policyholders. Policyholders who choose a high sum assured enjoy a discount on premium payments. 

9. Zurich Kotak Assured Savings Plan: This is a non-participating endowment assurance plan. Policyholders receive the sum assured and accrued yearly additions as the maturity benefit. Increase in premium payment term earns the policyholder guaranteed loyalty additions and yearly additions. 

10. Zurich Kotak Single Invest Plus: The Single Invest Plus plan requires the policyholder to make a one-time premium payment. It provides a joint cover for both the insured and another family member. Policyholders receive loyalty additions at the end of the 10th and 15th year of the policy's term. The plan gives policyholders the freedom to invest in a variety of funds. 

11. Zurich Kotak Invest Maxima: Policyholders have the freedom of choosing the funds they want to invest in. The plan offers policyholders 2 choices of investment strategies: Self-managed and systematic switching strategy. Policyholders receive rewards for long-term plans. The plan also permits the insured the flexibility of making premium payments. Moreover, this plan comes with zero premium allocation charges. 

12. Zurich Kotak Single Invest Advantage: The Single Invest Advantage plan requires the policyholder to make one premium payment throughout the term of the policy. Policyholders can choose from 3 investment strategies. 

13. Zurich Kotak Platinum Plan: Through the investing techniques available, this policy allows the policyholder to capitalise their savings and establish a considerable corpus. 95% to 98.5 percent of the premium paid is invested in the policyholder's chosen investment products. In addition, policyholders earn survival units, which are equivalent to 2% of the average fund value, at the conclusion of the policy's tenth year and every five years after that. 

14. Zurich Kotak Ace Investment: Policyholders with the Zurich Kotak Ace Investment plan have the option of selecting from a choice of investment methods. The policyholder can choose the level of coverage that best suits his or her needs. The plan can be improved by using the available riders. Policyholders also have the option of making partial withdrawals to cover unexpected expenses. 

15. Zurich Kotak Smart Life Plan: This is a limited pay, non-market linked, participating plan. This plan covers the insured's life until he or she reaches the age of 75. From the first year of the policy's term, the policyholder can select bonus alternatives. Riders can be used to improve the plan's protection. 

16. Zurich Kotak POS Bachat Bima: The POS Bachat Bima plan gives the policyholder 2 plan options. The Life Plus option provides a cover for accidental death. Policyholders can be assured of annual additions that accrue throughout the policy's term. 

Zurich Kotak General Insurance Retirement Plans 

When a policyholder leaves his or her job, he or she is entitled to a fixed income, which is known as a retirement plan. These retirement plans provide you with the opportunity to save money systematically so that you can live out your dreams or take your family for a vacation that you have always dreamed of. 

Zurich Kotak General Insurance offers the following three retirement plans: 

1. Zurich Kotak Lifetime Income Plan: Immediate annuity plan that secures your financial future post-retirement. Flexible frequencies of payouts available. 

Zurich Kotak General Insurance Group Plans 

Zurich Kotak General Insurance Group Plans are designed to strengthen the relationship between employers and employees. Not only do these plans provide customers with life cover, but also ensure that they have a comfortable life post retirement by means of pension and gratuity plans. Following are the various group plans offered by Zurich Kotak General Insurance Company: 

Group Gratuity/Leave Encashment Plans 

These plans help policyholders invest their funds to better cover any potential liabilities of their employees. 

1. Zurich Kotak Gratuity Plus Group Plan: This plan guarantees that the policyholder will get a refund of all payments made at the time of exit. In addition to a gratuity payment, the plan provides life insurance to the policyholder's employees. The policy is re-enabled every year. 

2. Zurich Kotak Secure Return Employee Benefit Plan: This plan serves a dual purpose of serving the requirements of both gratuity and leave encashment. Policyholders are guaranteed a minimum 2% floor rate p.a. for the entire policy term. Additional life covers can be added to the group plan. The policy can be renewed on an annual basis. 

3. Zurich Kotak Gratuity Group Plan: This method assists companies in lowering company expenditures and meeting gratuity financing requirements. Long-term investment growth and exposure to a variety of markets are provided by the unit-linked plan. It is possible to renew the policy on a yearly basis. 

4. Zurich Kotak Leave Encashment Group Plan: Employers have the option to invest in a choice of market-linked funds through this plan. Employers can use the scheme to fund leave encashment while also lowering financial stress. The plan also includes a life insurance component in addition to leave encashment. 

Group Superannuation Plans 

The group superannuation plans offered by Zurich Kotak have been created to provide employees with retirement benefits. The following are the plans that Zurich Kotak General Insurance offers: 

1. Zurich Kotak Secure Return Superannuation Plan: This plan helps with all requirements related to superannuation. The plan assures a 2% minimum floor rate p.a. The employer can also provide their employees with an additional life cover through this plan. The plan can be renewed every year. 

2. Zurich Kotak Superannuation Group Plan-II: The scheme provides employers with the opportunity to grant their employees specific benefits on retirement. The plan caters to needs of both the employer and the employees. Contributions made to the plan are invested in Group Secure Capital Fund and provides regular monthly additions. 

Group Term Plans 

The group term plan helps employers provide plans that empowers and protects the loved ones of their employees in the event of their untimely death. The following are the group term plans offered by Zurich Kotak General Insurance: 

1. Zurich Kotak Group Secure Plan: This is a short-term group plan designed to reward employee loyalty by providing financial security for the member’s family members. The plan is available in two varieties: one of which includes terminal illness coverage. This strategy works best for employees who work for multiple organisations. 

2. Zurich Kotak Credit Term Group Plan: This plan alleviates the financial burden that befalls family members in the event of the death of an employee with outstanding loans. It is possible to renew the plan on an annual basis. 

3. Zurich Kotak Term Group Plan: This plan provides a life cover to employees and a voluntary life cover can also be extended to family members of the employee. The plan can be enhanced through riders. The plans can also be customized by the employer and provides flexibility with regard to premium payment. 

4. Zurich Kotak Raksha Group Micro Insurance Plan: This plan allows the employer to choose the coverage options according to the requirements of the employee. The employee can opt for a single cover or a combination cover. Premiums can be paid at the employer’s option. 

5. Zurich Kotak Group Secure One Plan: This plan offers comprehensive life insurance to the employer. It is ideal for employees working in government agencies, Non-Governmental Organisations (NGOs), cooperatives, and similar organisations. 

Group Credit Plans 

The Group Credit plans offered by Zurich Kotak not only provide a life cover but also protects the family members of the employee from any loan liabilities in the event of the employee's death. The following are the plans that Zurich Kotak General Insurance offers: 

1. Zurich Kotak Group Assure: This plan protects the family members of the employee from any loan liabilities in the event of the employee's death. The plan also provides protection against disability, terminal and critical illnesses. The plan has a number of variants that the employer can choose. 

2. Zurich Kotak Group Assure Plan: This plan shields the employee’s family members from any loan commitments if the employee passes away. The plan also safeguards against disability, terminal and critical illnesses. There are several variations of this plan available to the employer. 

3. Zurich Kotak Group Shield: The amount of cover provided under this plan is equal to the amount of the initial loan amount that the policyholder has taken. The plan ensures financial security for the employee’s dependents by covering the loan repayments. It also provides coverage against terminal illness, critical illness and disability. 

4. Zurich Kotak Complete Group Cover Plan: This plan is ideal for credit institutions. The plan safeguards the institution from loan obligations after the borrower passes away. The plan also provides financial protection to the borrower’s family members. One of the benefits of this plan is that it comes with a single premium payment, which can help manage your borrower’s account.

How to Claim Insurance with Zurich Kotak General Insurance 

In case of the death of a life assured, the nominee must intimate the company about the claim by sending a letter to Claims Department, Zurich Kotak General Insurance Old Mutual Life Insurance Company Limited, Zurich Kotak Infiniti, Building no.21, 7th Floor - Zone 2, Infinity Park, Off Western Express Highway, General AK Vaidya Marg, Malad (E), Mumbai - 400097. 

Documents Required to Claim Insurance with Zurich Kotak General Insurance 

Compulsory Documents 

Duly-filled death claim intimation form

Original policy documents

Original death certificate issued by municipality or equivalent authority

A photograph, photo ID proof and current address proof of the claimant

Supporting Documents 

A statement with bank account details / a copy of bank passbook of the claimant

Medical questionnaire

Medical records such as death / discharge summary, treatment records, hospital indoor papers, investigation reports, consultation notes, etc.

Medical certificate stating cause of death

Copy of certified first information report / panchnama / inquest

Copy of certified chemical analysis report / post-mortem report

Copy of driving license in case the insured individual was driving at the time of accident

Settlement option form

All documents must be photocopies or originals attested by a gazetted officer, magistrate, SEM, or a local official such as the Talathi, Police Sub-Inspector, Sarpanch, or Tahsildar. The organisation has the discretion to accept or reject the claim based on the documentation you've submitted and after conducting an investigation to verify the claim's legitimacy. 

Zurich Kotak General Insurance Claim Settlement Ratio 

The claim settlement ratio for Zurich Kotak General Insurance in the past few years is as follows: 

Documents Required to Purchase Zurich Kotak General Insurance 

Following are the documents you will require to purchase a life insurance policy from Zurich Kotak General Insurance:

How to Check Zurich Kotak General Insurance Policy Status Online 

To check the status of your Zurich Kotak General Insurance policy online, all you have to do is visit the official website of the company and locate the Login option at the top of the homepage. Then select Customer Login Option and you will be redirected to the Customer Login Portal where two options will appear - Individual Customer and Group Customer. Select your preferred option. 

In case the option you have selected is Individual Customer, you will have to enter your email address and password before hitting Submit. Once this is done, you will have logged in to your account and the policy details will appear on screen. 

Zurich Kotak General Insurance Online Payment 

Customers can pay their premiums online rather than visiting a company branch and doing so in person. All you have to do is go to the company's official website and click Pay Premium Online under the Customer section. You will then be transported to a new page where you must register / sign in, select the payment mechanism, and complete payment. 

Zurich Kotak General Insurance Premium Calculator 

You may find the amount of premium payment applicable to any Zurich Kotak General Insurance policy by going to the company's website and looking for the calculator. To make an accurate assessment, the policy's details must be entered. 

Zurich Kotak Life Insurance Customer Care 

Zurich Kotak Life Insurance enjoys a strong presence across India and boasts of a well-penetrating network with offices located in over 160 towns and cities across India. You can also reach their customer care on 1800 209 8800 from Monday to Saturday between 8.00 a.m. to 10 p.m. Do note that this service is not available on public holidays.