Now you can buy life insurance plans completely online right here.
Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.
Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and insurance cover against any eventuality.
Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!
The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.
Our representative will get in touch with you at the earliest.
We are committed to offer you the best services with maximum convenience. Browse through the list below for services and the maximum time which we would take to respond to those service requests as prescribed by IRDAI.
| Turnaround Times as prescribed by IRDAI for Policyholder Servicing | Maximum Turnaround Time | ||
|---|---|---|---|
| General | |||
| Processing of proposal and communication of decisions including requirements/issue of policy/cancellations | 15 days | ||
| Obtaining copy of the proposal | 30 days | ||
| Post policy issue service requests concerning mistakes/refund of proposal deposit | 15 days | ||
| Non-Claim related service requests | 10 days | ||
| Life Insurance | |||
| Surrender processing | 15 days | ||
| Maturity claims for non-linked participating plans | Processing on due date Payment TAT: 1 day (all bank working days) | ||
| Maturity claims for non-linked non-participating plans | On due date or last document received date | ||
| Maturity claims for linked plans | Processing on due date Payment TAT: 2 days (all market NAV days) | ||
| Survival benefit | On due date | ||
| Deferred Annuity processing | 2 days (all bank working days) | ||
| Immediate Annuity processing | On due date or last document received date | ||
| Penal interest not paid | 15 days | ||
| Raising claim requirements after lodging the claim | 15 days from date of claim intimation | ||
| Death claim settlement/repudiation | 30 days from Investigation closure/ last document or requirement received date | ||
| Death claim investigation | 90 days from the date of claim intimation | ||
| Grievances | |||
| Acknowledge a grievance | 3 days | ||
| Resolve a grievance | 15 days | ||
