5 Things To Do When You Buy A Life Insurance Policy

Buy a life insurance plan in a few clicks

Now you can buy life insurance plans completely online right here.

  • Icon for Kotak Preferred e-Term Plan

    Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Health Shield

    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.

  • Kotak E-Invest Plan

    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.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Lifetime Income Plan

    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!


Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.


Bought a life cover?

  • 17th Jul 2018
  • 3,894

Buy Life Insurance Now Bought a life cover?

Here are 5 things to keep in mind.

We are pleased that you have put your trust in us. Let’s take a look at some essential steps to take once you receive the policy document in your hand. If there is something amiss with it, you can take immediate corrective actions and save yourself trouble down the road.

Check the policy for errors, omissions and exclusions:

Always read the fine print of the policy document. Check all your personal information, bank details, contact details and nominee details correctly. Also review the policy benefits, sum assured, policy term, and the premium amount. If you have doubts, call the insurance company and get your answers.

Inform your loved ones about the policy:

It is a good practice to inform and maintain a written record about details of the policy and leave simple instructions that can be accessed by your dependents when you are not around to guide them.

Keep the policy document safe:

Your original policy bond is an important document that ought to be kept safely. It’s a good practice to keep digital records for your review.

Set a reminder for the next premium to be paid

If you have several insurance policies, keeping a track of their due dates will be exhausting. You can save yourself the hassle by automating your premium payments via your bank or credit card.

Educate the dependents on the claim process

It’s important to inform your nominee about the claim settlement process. In case of an unforeseen event, they should be able to claim without facing any difficulty.

Read more on: What to Do After Buying a Term Insurance

Stay Protected, Stay Secure. Jano Hamesha.

- A Consumer Education Initiative series by Kotak Life


Also read

  • Is it Possible to Reduce Life Insurance Premium without Affecting Sum Assured?

    Life insurance serves as an ideal tool to help you cover the risks associated with uncertainties in life.

    Read more
  • Important Life Insurance Terms You Must Know

    You may not be aware of all the life insurance terminologies. Click here to know the essentials of life insurance contract and ensure you purchase the...

    Read more
  • Different Types Of Life Insurance In India

    Life insurance is the most certain means through which you can secure your family. Read the article to know about the different types of life insuranc...

    Read more

Related Plans

  • Kotak e-Term Plan - Online Term Insurance

    Kotak e-Term Plan - Online Term Insurance

    Kotak e-Term Plan is a pure term insurance plan that provides a holistic life protection at affordable prices. Find out the eligibility criteria, key ...

    Know more
  • Kotak Premier Life Plan

    Kotak Premier Life Plan

    Kotak Premier Life Plan is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium pa...

    Know more