Get Quotes from Top Insurers with Lowest Premium
Enter Details > Get Quotes > Buy Your privacy is protected.
Why Comparepolicy.com
Unbiased information on plans from varied insurance companies
Easy comparisons to choose the best insurance plan
No hidden costs, pay the same premiumas offered by the insurer
Pre and post sales expert assistance for smooth online buying experience
Reliable, Accurate and Quick policy servicing
THANK YOU!
Our representative will get back to you soon.
You can also directly contact us at
+91-7836966356

Kotak Life Term Insurance Plans

Protection plans from Kotak Life Insurance helps to secure your family's financial independence from many life's uncertainties. The term plans of Kotak Life are your best proposition to give your family a financial back up in your absence.

Kotak Life Insurance Co. has 90.73% as Claim Settlement Ratio for the financial year 2015-16.

Kotak life insurance Co. offers following term insurance plans:

Get Affordable Quotes

1. Kotak Preferred e-Term Plan

The main aim of your life is to see your loved ones happy and secure at all times. Life is unpredictable and to protect your loved ones Kotak life offers Kotak Preferred e-Term Plan. It is a pure term plan which offers financial protection at a nominal cost. This plan helps to secure your absence by making your presence felt around your loved ones.

Key Features

• High cover at a low cost

• Waiver of basic premium on occurrence of total permanent disability

• Customized death payout options

• Easy online buying procedure

• Enhance protection with rider

Benefits

  • Death Benefit

    There are 2 death benefit options to choose from:

    Immediate Payout Option: On the death of life insured, 100% of the sum assured is paid out to the designated nominee.

    Recurring Payout Option: Under this payout option, the nominee receives 10% of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly income.

  • Waiver of Base Premiums on Total & Permanent Disability

    Under this inbuilt benefit, in the unfortunate event of life insured being totally & permanently disabled during the policy term, all future premiums are waived off & the policy continues.

  • Rider Benefit

    This plan offers e-Accidental death benefit rider,which gives out a lumpsum benefit in the event of accidental death in addition to the basic death benefit at an addition rider premium.

  • Surrender Benefit

    The policy acquires surrender value as per the policy conditions and it is available for limited and single pay. Surrender benefit is not applicable for regular pay.

  • Tax Benefit

    Tax Benefits under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits under Section 80C and under section 10(10D) of the act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 65 years
Age at Maturity 28 years 75 years
Policy Tenure 10 years 40 years
Premium Paying Term Single, limited pay or Same as policy term Years -
Premium Paying Mode Annually & Monthly -
Sum Assured 25 Lacs No Limit (subject to underwriting)
Maturity Proceeds Nil -

2. Kotak Income Protection Plan

In this uncertain life, it is important to make one thing certain that is the financial protection of your family in your absence and make their future secure.In the event of your absence, it is imperative to ensure your loved ones financial well being. Kotak Income Protection Plan - a plan that provides Monthly Income along with a lump sum Assured Benefit to take care of your family’s immediate requirements.

Key Features

• Assured death benefit payout

• Provision of getting an increasing monthly income benefit

• Preferential rates for females and non smokers

• Tax benefit as per the Income Tax Act

Benefits

  • Death Benefit

    In the event of death of the life insured, the nominee will receive a lump sum sum assured amount as death benefit plus monthly payouts of Increased Monthly Income for the balance of the Policy Term, subject to a minimum of 5 years.

  • Rider Benefit

    This plan offers Kotak Accidental Disability Guardian Benefit Rider where the future premiums are waived off in the event of Total and Permanent disability due to accident of the Premium payer.

  • Surrender Benefit

    The policy acquires surrender benefits as per the plan terms and conditions for single and limited pay policies.

  • Tax Benefit

    Tax Benefits under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits under Section 80C and under section 10 (10D) of the act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 60 years
Age at Maturity - 70 years
Policy Tenure 10 years 30 years
Premium Paying Term Single, limited pay or Same as policy term Years -
Premium Paying Mode Annually,Semi Annually,Quarterly & Monthly -
Sum Assured 25 Lacs No Limit (subject to underwriting)
Maturity Proceeds Nil -

3. Kotak Preferred Term Plan

Kotak Preferred Term Plan is particularly designed to offer financial protection for your family in your absence so that they maintain the same lifestyle which they are used to. It is a pure risk cover insurance plan that is cost effective, economical way of attaining a high level of protection.

Key Features

• Higher Sum assured at a nominal price

• Two death benefit payout options to choose from

• Option to increase/decrease life cover

• Preferential rates for females and non smokers

• Enhance protection with the available rider

Benefits

  • Death Benefit

    There are 2 death benefit options to choose from:

    Immediate Payout Option: On the death of life insured, 100% of the sum assured is paid out to the designated nominee.

    Recurring Payout Option: Under this payout option, the nominee receives 10% of the sum assured on the death of life insured as an immediate payment once the claim is accepted.The balance amount of sum assured is paid either as monthly or yearly income.

  • Step Up/Step Down Benefit

    Under Step up benefit the co. allows the policyholder to avail an additional insurance cover at important milestone stages in the insured’s life at an economical and hassle free way without having to undergo any further medical examination. Same way with step down benefits you can step down to a lower amount of coverage subject to the minimum amount of cover available in this plan.

  • Surrender Benefit

    The policy acquires surrender value as per the policy conditions and it is available for limited and single pay. Surrender benefit is not applicable for regular pay.

  • Rider Benefit

    This plan offers Kotak Accidental death benefit rider, Kotak Permanent Disability Benefit Rider, Kotak Critical Illness Benefit Rider to enhance the protection at a nominal additional premium.

  • Tax Benefit

    Tax Benefits under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits under Section 80C and under section 10 (10D) of the act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 65 years
Age at Maturity 23 years 75 years
Policy Tenure 5 years 40 years
Premium Paying Term Single,limited pay or Same as policy term Years -
Premium Paying Mode Annually,Semi Annually,Quarterly & Monthly -
Sum Assured 25 Lacs No Limit (subject to underwriting)
Maturity Proceeds Nil -

4. Kotak Term Plan

Kotak Term plan is a pure protection plan and an economical way of providing a sufficient amount of financial protection. In this plan, the sum assured is paid to the nominee in case of the unfortunate death of the life insured, resulting in a well cushioned financial set up for the family members in the absence of the life insured.

Key Features

• Life cover at nominal price

• Flexible premium payment options

• Option to convert the plan

• Additional protection with riders

Benefits

  • Death Benefit

    In the event of death,of life insured the nominees are paid sum assured as a death benefit payout and the policy terminates.

  • Plan Conversion Option

    The Co. gives the option to convert Kotak Term Plan to any other plan offered by Kotak Life Insurance (except for another term plan) basis the condition that there are at least 5 years remaining before the cover expires.

  • Surrender Benefit

    The policy acquires surrender value as per the policy conditions and it is available for limited and single pay. Surrender benefit is not applicable for regular pay.

  • Rider Benefit

    This plan offers Kotak Accidental death benefit rider, Kotak Permanent Disability Benefit Rider, Kotak Critical Illness Benefit Rider to enhance the protection at a nominal additional premium.

  • Tax Benefit

    Tax Benefits under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits under Section 80C and under section 10 (10D) of the act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 65 years
Age at Maturity - 70 years
Policy Tenure 5 years 30 years
Premium Paying Term Single,limited pay or Same as policy term Years -
Premium Paying Mode Annually,Semi Annually,Quarterly & Monthly -
Sum Assured 3 Lacs 24,99,999 Lacs
Maturity Proceeds Nil -

5. Kotak Saral Suraksha

If,you are the main source of income for your family, your presence does matter for their financial stability.Have you ever wondered about your loved one’s condition if you are not around.The family income stops and it will create an economic crisis for the family.Kotak Saral Suraksha plan is a pure term plan which will enable you to secure your family’s financial stability.

Key Features

• Large insurance cover at a low premium cost

• Opt for the desired policy tenure

• Convenient premium paying options

• Easy to issue plan with no medical test and least paper work

Benefits

  • Death Benefit

    The death benefit payable is the sum assured as described in the policy contract.

  • Surrender Benefit

    The policy will acquire surrender value as per the policy contract conditions.

  • Tax Benefit

    Tax Benefits under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits under Section 80C and under section 10 (10D) of the act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 55 years
Age at Maturity 23 years 65 years
Policy Tenure 5 years 10 years
Premium Paying Term Single or 5 Pay -
Premium Paying Mode Single, Annually, Semi Annually -
Sum Assured 5000 1 Lac
Maturity Proceeds Nil -
Riders Not Available -