Kotak e-Term Plan
Kotak e-Term Plan provides a high level of protection to your loved ones in your absence.
Kotak E-Invest Plan
Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs.
Kotak Guaranteed Savings Plan
Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality.
Kotak Lifetime Income Plan
Kotak Lifetime Income Plan gives you the security of your income continuing thru your life and in your absence throughout your spouse's lifetime!
Kotak Health Shield
Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability.
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A life insurance policy is one of the most important covers you require to secure the financial well-being of your loved ones. The policy pays death or maturity benefits to your nominees when a claim is approved by the insurance company. There are many documents required for insurance, and Aadhar and PAN are among the most important ones.
The Insurance Regulatory and Development Authority (IRDAI) has made it mandatory for all policyholders to link the insurance plan with their Aadhar and PAN. According to the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017, linking the Aadhar and PAN is essential to avail of financial services.
If you want to know how to link Aadhar to an insurance policy, the following instructions will help you. The process is different for registered and non-registered users.
1. Visit the insurance company’s website and log-in
2. Find the option to link Aadhar and provide your Aadhar details
3. Verify that the details are accurate before submitting
4. Enter the One-Time Password (OTP) received on your registered mobile number on the insurer’s website to complete the process
1.Visit the insurance company’s website
2.Provide details of your PAN, policy number, date of birth, contact information, and Aadhar number
3.Remember the OTP, which you receive on your registered mobile number after entering the Aadhar number
4.Enter the OTP on the website to verify and complete the process
The documents required for life insurance or any other form of insurance policy can be submitted offline as well. The steps to link your Aadhar with insurance policies offline are:
1.Visit the insurance company’s nearest branch office
2.Carry the original Aadhar card and a self-attested copy
3.Submit the documents to the concerning insurance officer
4.Once verified, the Aadhar number will be linked to your insurance policies
The documents required for term insurance or any other policy to be linked with Aadhar are:
1.The 12-digit Aadhar number
2.PAN card, Form 61, or Form 60
You must be aware that each time you make a payment of more than INR 50,000, the PAN card, Form 61, or Form 60 has to be submitted.
The above steps are to be completed accurately in order to link insurance with Aadhar and to continue taking benefit of the insurance-related services. For now, there is no particular deadline for linking Aadhar with insurance, but it is advised that you complete the process at the earliest.
- A Consumer Education Initiative series by Kotak Life
The Kotak Term Plan is a pure risk cover plan and an economical way of providing an adequate level of financial protection.Know more