Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term

Protect Your family’s financial future with Kotak e-Term. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more


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.

Why Life Insurance Is Always a Smart Decision

Why life insurance? Life insurance acts as a financial security to your family if any unfortunate thing happens to you. Here are some life insurance benefits that make it a smart investment decision.

  • Oct 10, 2019

Life insurance acts as a financial security against uncertainties such as disability, death, or other untoward incidents. If you are disabled or in case something unfortunate happens with you, your family may face financial difficulties due to income loss.

It is almost impossible to put a monetary value to your life. Nonetheless, you may determine some amount based on the loss of income in the future. The sum assured in a life insurance policy is paid to your nominees in case any covered incident occurs.

A common question you may ask is why life insurance?

Here are some benefits that make life insurance a smart investment decision:

1. Replacement of income

This is the most basic objective of a life insurance policy. A simple term plan (which is a pure life cover) goes a long way in securing the financial future of your family. In case of an untoward incident, during the policy term, the insurance company pays the death benefits. These term life insurance benefits may be used for various purposes such as repaying any

outstanding debt obligations, meeting your family’s regular expenses, paying for your children’s education or any other objective. Similarly, retirement plans provide income replacement through periodic annuities during your senior years, thereby ensuring you are financially independent.

2. Tax benefits

Even when you understand the importance of life insurance, you may not purchase one due to the premium outgo. One huge benefit of life insurance is that the premium amount is eligible for tax benefits under Section 80C of the Income Tax Act, 1961. This reduces your tax liability and helps to save money while ensuring financial protection to you and your family in case of any unfortunate incident.

The need for life insurance cannot be questioned especially if you are the sole earning member of the family. It is equally important to avail of adequate coverage based on the number of dependents, current lifestyle, debt obligations, and other financial goals. It is recommended that you seek the help an experienced financial expert to understand more about life insurance and coverage.

Start Your 80C Investment Now

3. Investment benefits

Insurance companies offer different types of life insurance plan. These include pension plans, whole life policies, growth plans, and guaranteed income policies. Such plans not only offer life cover but also provide maturity benefits that ensure the financial stability of your loved ones. Whole life plans offer coverage until the age of 100 while guaranteed income policies help meet financial goals at different stages in your life. Unit-linked insurance plans (ULIPs) invest a portion of your premium in financial products like equity, debt, and government securities. These plans help you build a corpus over a longer duration of investment.

4. Loan protection

You may probably have long-term liabilities such as a home loan. In case of an unforeseen circumstance, your survivors will have to repay the loan, which may result in severe consequences. When you buy life insurance, the policy benefits become available to your nominees in your absence. This will allow them to repay the outstanding loan amount without falling into any financial distress. Additionally, you may avail of a loan against your policy after a certain number of years from the date of purchase. This helps you meet any urgent financial requirements at an affordable interest rate.

Kotak e-Term

Download Brochure


  • Life Cover till 85 years for Life & Life Secure Option
  • 3 Payout Options
  • Special Rates for Women
  • Option to exit the policy with premium refund at the age of 60*
  • Special Rates for Non-Tobacco Users
  • Free Medical Check Up every 5th year**

Ref. No. KLI/22-23/E-BB/2435


- A Consumer Education Initiative series by Kotak Life

Similar Articles

Think About Life Insurance Sooner than Later

What is Insurance Coverage? Overview, Types, and Examples

5 Things to Keep in Mind While Buying Life Insurance Policy

10 Most Frequently Asked Questions - FAQs on Term Insurance

Can An Individual Buy Multiple Term Insurance Plans?

Benefits of Buying Term Insurance Plan for Senior Citizens in India

Is It Advisable To Have Multiple Life Insurance Policies?

Does Life Insurance Policy Cover Covid Death?

What is Minimum Life Insurance Policy?

How to Revive the Lapsed Life Insurance Policy?

Term Insurance Vs Car Insurance: A Budgetary Choice You'll Regret

Choosing Between Short-Term & Long-Term Insurance Plans

Insurance Changes You Need to Make Post Marriage

Life Insurance and Retirement Planning

Loan Against Life Insurance Policy

How to Select a Perfect Life Insurance Policy in India to Protect Your Future?

How to Find the Best Term Insurance Plan in Seven Steps

Different Kind of Deaths that are Not Covered in a Term Insurance Plan

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

What Is Surrender Value (Cash Surrender Value) in Insurance and how is it calculated?

What Is a Whole Life Insurance Plan?

A Step-by-Step Guide: How To Make An Investment Plan?

Health Insurance VS Life Insurance

What Happens If I Stop Paying My Life Insurance Premium?

How To Choose The Right Life Insurance

What Is Investment Insurance?

भारत में सर्वश्रेष्ठ टर्म प्लान कैसे चुनें?

Sabse Pehle Life Insurance

Why Renewal of Term Insurance Plan is Important

Does Life Insurance Cover Terminal Illness?

Reasons Why Term Insurance Claims Get Rejected

Important Life Insurance Terms You Must Know

Life Insurance vs Mutual Funds

Types of Life Insurance Or One Investment, Many Options

5 Easy Steps to Buying A Policy

What is the Difference Between Insurance and Reinsurance?

Role of Life Insurance in Your Financial Portfolio

Details Required To Be Filled In A Life Insurance Form

6 Different Types of Insurance Policies

How to Use Different Types of Life Insurance for Retirement Planning?

What Is Insurance Rider and It’s Benefits?

Why Your Family Should Know About Your Life Insurance Policy?

What is Human Life value and a Human Life Value Calculator?

Term Life Insurance Vs Money Back Life Insurance

Choose the Nominee of a Term Life Insurance Plan Wisely

Role of IRDAI in the Insurance Sector

All about Your Rights and Duties While Buying Life Insurance Policy

Adding A Child to Your Life Insurance Policy?

What is the Current Trend in Term Insurance?

Life Insurance with Money Back vs Without Money Back

5 Reasons Why a Women Should Buy a Life Insurance

Why do I Need Life Insurance?

Why You Should Never Cancel Life Insurance Policy

Types of Life Insurance Policies in India

Why do most Indians choose the wrong way to buy life insurance?

ULIPs: Suitable for all

How Much Life Insurance Cover Do I Need?

Can You Transfer Life Insurance Policies to Another Company in India?

5 Common Life Insurance FAQs and Answers

7 Superficial Reasons People Avoid Buying Insurance Online

Is Voluntary Life Insurance the Same as Basic Life Insurance?

Do Life Insurance Premiums Increase Every Year?

Compare Different Life Insurance Products Offered By Kotak Life

Are Deaths Due To Coronavirus Covered by Kotak E-Term Plan?

9 Most Important Things You Must Learn About Paying Life Insurance Premium

Process of Filing A Claim For Life Insurance

FAQs on Life Insurance

What is Group Insurance?

Key Things to Review in Your Life Insurance Policy Document

All about IRDAI

5 Ways to ensure faster settlement of claims

How do life insurance payouts work?

A Term Insurance Guide for Disabled People

Term Insurance Vs Life insurance: Small Details, Big Differences

NRI Premium Payment Options

Life Insurance for Millennials

How to Buy a Life Insurance Plan?

Take 100% Responsibility of Your Family with Term Life Insurance

Unit-Linked Life Insurance (ULIPs) vs. Term Insurance

Is Life Insurance For Millennials Really Needed?

What Should One Expect During the Medical Evaluation for Life Insurance?

Is it Worth Buying Disability Rider on Term Insurance?

6 Things You May Not Know about Life Insurance

Important Terminologies of Life Insurance

Is It Time to Review Life Insurance Policy of Yours?

Term Insurance for Home Loan: How Term Plan Helps in Paying Off Home Loan?

How to Customize Your Life Insurance Policy with Riders

क्या जीवन बीमा एक निवेश है?

Term Plan with Return of Premium (TROP)

Most Common Life Insurance Riders to Enhance Your Existing Policy

Life Insurance Vs. Mutual Funds Investment

Different Types Of Life Insurance In India

जीवन बीमा पर ऋण

Does Family History Affects your Term Life Insurance Rates?

Term Insurance Claim Process

Why Buying a Term Insurance is Important for all Parents

Term Life Insurance vs Accidental Death Insurance

Various Term Insurance Premium Payment Options Available in India

How Many Insurances Should I Have?

Do Your Financial Planning with Life Insurance!

Comparing low premium term insurance Is Not the Only Factor While Buying Life Insurance

Can a Term Plan be the Substitute for a Retirement Plan?

Can You Apply For A Life Insurance After Getting Heart Attack? Here is Everything You Need To Know

What is Life Insurance?

5 Things to Consider Before You Buy Life Insurance

How to Make Death Claims on Life Insurance?

How Much Life Insurance Do You Need?

Why Do Life Insurance Agents Avoid Selling Term Plans?

Guide for Buying Online Term Insurance Plans for Senior Citizens

Voluntary Life Insurance Policy Vs Group Life Insurance

Difference Between Term Insurance and Endowment Plan

How to Choose the Right Life Insurance Policy for Your Age?

Customer Awareness on Information Security

How Does Life Insurance Work?

All about Life Insurance Calculators

Biggest Life Insurance Myths

What are the Benefits of Endowment Policy?

How to Choose a Life Insurance Policy

Everything You Must Know About ULIP Riders

Choosing a Life Insurance Beneficiary

Top 5 Common Life Insurance Myths and Facts

Different Types of Insurance Policies in India

Why You Should Buy Term Insurance under the MWP Act (Married Women’s Property Act)?

जीवन बीमा क्या है?

Who Is A Nominee In A Life Insurance Plan?

How to Calculate Human Life Value(HLV)?

How Do Term Insurance Plans Differ for Smokers?

Term Insurance Tips for NRIs in India

Difference Between Insurance and Assurance?

What Is The Life Insurance Penetration In India And How Does It Compare Globally?

Can NRI Buy Life Insurance in India?

Life Insurance for Overweight Applicants

Importance of Checking Claim Settlement Ratio before Buying Life Insurance

When Should You Review Term Life Insurance of Yours?

“Life” Insurance or “Death” Insurance?

What is an Endowment Plan?

Guidelines for Linking Aadhar and PAN to Insurance Policies

भारत में जीवन बीमा पॉलिसियों के प्रकार

All You Need to Know About Life Insurance - Its Benefits, Features, and Types of Life Insurance

Is it Possible to Make Changes in a Term Plan’s Specification Post Purchase?

How Much Life Insurance Costs and How Much Insurance Cover You Need?

Important Features of a Term Insurance Plan

Difference Between ULIP and Endowment Plan?

First Job? Here’s Some Tips on How to Manage Finances

How to Choose Life Insurance for All Ages?

What is Underinsurance & The Dangers of Being Underinsured

Life Insurance Beneficiary

Beware of Phishing & Fraud Insurance Calls

What Is the Procedure to choose a nomination in life insurance policy?

All About Backdating in Life Insurance

What is the Difference Between Limited and Regular Pay Insurance Plan?

What Is Financial Planning?

Should You Buy Life Insurance After Getting Married?

When are Millennials required to take out a life insurance policy?

वरिष्ठ नागरिकों के लिए ऑनलाइन टर्म इंश्योरेंस प्लान खरीदने के लिए गाइड

How to Buy a Term Life Insurance Online

Benefits of Term Insurance with Critical Illness Rider

Life Insurance and Millennials

Insurance Vs Investment - A Guide to Your Financial Goals

Why One Must Buy Term Insurance before 25 Years

5 Benefits of Gifting Life Insurance Cover to Your Spouse

Staying Insured While Investing

Terms and Conditions of Term Insurance Plans

How Often You Must Review Your Life Insurance Policy?

1 CR Term Insurance Plan: How to Pick the Best 1 CR Term Plan

Does Life Insurance Pay for Suicidal Death?

What is a Single Premium Term Plan and its Tax Benefit?

In India, should NRIs purchase life insurance?

Kotak Life Claim Settlement Ratio

What happens to joint life insurance after divorce?

Why Term Insurance for Women is Important?

Savings cum Protection Plans Secures Your Family from Unforeseen Events

Nominee in insurance - A Complete Guide on nomination in insurance

What Is Social Impact Investing and How Does It Benefit Society?

Always keep your Nominee informed

Life Insurance Policy Closure

Life Insurance Nominees: 5 Must-Know Facts for Beneficiaries

Difference Between Money Back and Endowment Policy

5 Advantages of Life Insurance Going Digital

Life Insurance for Overweight Applicants

Why is Medical Test Important While Buying a Term Insurance?

What is Sum Assured in Endowment Policy?

What Should One Consider Buying: Term Insurance or Traditional Life Insurance

What Is Staggered Payment Option Under Term Insurance Policy?

Life Insurance Plans for Women

Is Life Insurance an Investment?

Why Online Term Insurance Plans Cheap?

Digital Life Certificate for Pensioners Seeking Pension

Health Insurance VS Life Insurance

5 Reasons Why You Need Life Insurance in College

What are robo-advisors in insurance?

Types of Insurance You Must Invest in for Secure Future

Best Insurance Plans in India

All About Life Insurance and How It Works?

Important Factors to Consider While Choosing the Right Term Period for Your Term Insurance Plan

5 Smart Steps to keep in mind while buying term policies