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

Kotak Lifetime Income Plan

Retirement years are the golden years of life. 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.

4 Things To Expect From Your Term Insurance Plan in India

Term insurance easily fits in your budget, Provides coverage to your spouse, has Prompt customer service, and has the ability to upgrade the life cover.

  • Dec 22, 2021

A term insurance policy is the simplest form of life insurance. It allows you to secure your family’s financial future even in your absence. If an unexpected event occurs during the policy period, the insurance company will pay the death benefit to your family member. While term insurance is a pure protection plan, there are certain things that you can expect from your term insurance policy

It easily fits in your budget

One of the critical reasons many people prefer investing in term insurance over other life insurance policies is that it has the most affordable premium. A term plan is highly cost-effective, and it provides adequate financial protection to your family.

Today, with the increased competition among insurance companies, you can find a myriad of plans at competitive prices. You can purchase a policy with a sum assured as high as Rs. One crore with an affordable premium as low as Rs. 500 per month.

With such an affordable premium, you can expect your term policy to fit your monthly budget. The premium you pay every month is a worthy expense considering the protection it offers your family and the tax benefits you get.

Provide coverage to your spouse

Over the years, as the life insurance industry has evolved significantly, many insurance companies offer a variety of term plans with several unique features and benefits. One such benefit is coverage provided to your spouse.

It is easy to see the spouse’s financial contribution if they are an earning member of the family. However, a non-earning spouse would also contribute to the family immensely. While it may be challenging to put in financial terms, the absence of the non-earning spouse may lead to an increased financial burden on the family.

And, to ease such hassles, the modern term plans offer coverage to the earning member of the family and the non-earning ones. Today, many insurance companies allow you to purchase a joint term plan.

Joint term insurance implies that both partners hold the policy, and if anything happens to either of them, the family won’t suffer any financial setback.

Prompt customer service

Today, as the competition intensifies, insurance companies are focusing on offering impeccable customer services. With the online services provided by the insurers, you can now expect to get 24x7 customer support to help you with any policy-related issues you may be facing.

You can reach out to the customer support team through chat, email or phone, and the representatives will be more than willing to guide you through the issue and resolve the problem. Even when you file a claim, you can expect the customer support team to process the request fast so that you don’t face any discomfort.

Ability to upgrade the life cover

As you progress in your career, your income may also increase gradually. Today, the majority of the term insurance plans are highly flexible. Based on your changing family situation and insurance needs, you can upgrade your term insurance cover anytime you want.

For example, if you have purchased a term plan with a sum assured of Rs. 25 lakhs when you were young and unmarried, you may want to upgrade your plan after getting married. You can upgrade your life cover to Rs. 50 lakhs or a higher amount during renewal and pay the adjusted premium.

Also, you can upgrade your life cover by purchasing additional riders or add-ons like critical illness rider, accidental death benefit rider, etc. These riders provide additional financial support to your family and provide coverage against specific risks that are not covered under your regular term plan.

Final Word

Thus, apart from securing your family’s financial future, you can expect a wide range of features and benefits from your term insurance policy. A good term plan provides complete protection to your family and helps them sustain if any unfortunate incidents occur.

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

How Much Term Life Insurance Cover Do I Need in India?

Why Premium Amount for Term Insurance is So Low?

Why should single women purchase term life insurance?

Joint vs Individual Term Insurance: Which One Should You Choose?

Eligibility Criteria for Buying Term Insurance in India

What Should You opt for - Limited or Premium Pay?

When Should You Review Term Life Insurance of Yours?

Can I Make Changes to My Term Insurance Policy Post Purchase?

Should you buy a Renewable Term Life Policy?

भारत में जीवन बीमा कितने प्रकार के होते हैं?

Difference Between Term Insurance and Endowment Plan

Comparing Term Plans – What Should You Look Out For

6 Reasons That Make Term Insurance a Must Buy

8 Factors to consider before choosing a Critical Illness Insurance

Ensure Protection Against Death, Disease & Disability With Life Insurance

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Term Insurance Basics You Should Know

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

How To Choose the Right Term Insurance Plan?

11 Types of Death not covered in Term Insurance Plans

Busting Myths and Facts About Term Insurance Policies

9 Point Guide on how to File Income Tax Return Online

How Much Term Life Insurance Cover Do I Need?

How Does BMI Affect Your Term Insurance Premium?

Different Types of Premiums in Term Insurance?

Insurance Policy for Housewife In India

Online vs Offline Term Insurance: Which Is The Better Option To Buy

भारत में गृहणियों के लिए टर्म इंश्योरेंस

Why You Must Include In Your Financial Planning?

How To Evaluate Your Term Insurance Quote?

Insuring Against Accidents with an Accidental Death Insurance Rider

Gift Your Father A Term Insurance Plan This Father's Day

Advantages & Disadvantages of Term Insurance in India

Which Death Type Does Your Term Plan Not Cover?

Can I Buy Term Insurance for a COVID-19 Patient?

What Is the Correct Age to Buy Term Insurance?

5 Smart Steps to keep in mind while buying term policies

Make Your Online Term Plan Your Family's Monthly Pay Cheque

Does Your Term Insurance Plan Cover Death Due to COVID-19?

How To Choose the Right Sum Assured Under a Term Plan?

Why Should You Add a Rider to a Term Insurance Plan?

Insuring Against Disability With Disability Insurance Rider

Benefits of Short-Term Life Insurance Policy

Term Insurance Calculator - Everything You Need To Know

Is a Term Insurance Policy Portable?

Choosing Riders for Insurance Plans

What Is a Renewable Term Insurance Policy?

8 Benefits of Term Insurance You Should Know

All you need to Know about Term Insurance Plans for housewives

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Can You Get Term Insurance Without Income Proof?

Calculating Term Insurance Premium

Endowment Plans vs Term Plans: Understanding the difference

3 Things to Consider When Buying Term Insurance, If You are Single

Is Life Insurance Investment Worthy Enough

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

How To Calculate The Amount Of Term Life Insurance You Need?

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

Why Should New Parents Buy Term Life Insurance?

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

Term Insurance: Smokers vs Non-Smokers

What Are Insurance Riders and How to Choose Them in a Term Plan?

Term Plan with Spouse Cover

5 Term Insurance Benefits for Single Women

How Much Cover Should I Take In A Term Plan?

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

Zero Cost Term Insurance Plan: What is & Should you buy it?

Is Term Life Insurance Plan an Investment or Expense?

How to Surrender Term Life Insurance When You Have No Liabilities?

What is Insurance Premium? | Definition of Insurance Premium

Planning For Children's Future

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

What is a short term insurance policy?

Term Plans are Definitely Cheaper than You Think!

9 Ways to Help Family Members in Financial Trouble

Difference Between Term Insurance and Endowment Plan

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

5 Things To Consider While Buying Term Insurance Plan

Why 1 Cr Term Plan Is Necessary For Family?

टर्म इंश्योरेंस बनाम लाइफ इंश्योरेंस: अंतर और लाभ समझें

How To Change The Nominee in Term Insurance?

Side Effects of Covid-19 Booster Doses

Protection for your family

10-Year Term Life Insurance Policy - Explained in Detail

Does Term Insurance Cover Accidental Death?

Is term Insurance Needed for People With No Dependents?

What All Documents Required For Term Insurance In India?

Top 3 Reasons Why You Should Buy A Term Plan Now

What are the Documents Required for Term Insurance Plan?

Can Senior Citizens Avail Term Insurance?

Steps on How to Buy Term Insurance Online

What Should Be The Duration Of Your Term Plan in India?

While Buying Term Insurance Compare Features, Not Just Premiums

Term Insurance Plans and Policies for Smokers

5 Benefits of Early Retirement Planning

Individual Life Insurance vs. Group Term Life Insurance

Can I Get Term Insurance on Behalf of My Spouse?

10 Most Frequently Asked Questions - FAQs on Term Insurance

Everything About Claim Settlement Ratio for Term Insurance

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

Tips to Choose the Right Term Period for Term Insurance Plan

Is It Good To Buy A Term Insurance Plan In 2022?

Why Term Insurance Is Important in times of COVID-19?

Do You Need Term Insurance Cover After Retirement?

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

Know How to Invest at Every Age for Larger Returns

All about Online Income Tax Calculator

All About Term Insurance Inbuilt Coverage

How to Compare Term Insurance Online

Why does every working women need life insurance?

Can a Housewife Buy a Term Insurance Plan - All You Need to Know

Why Term Insurance Is Better Than ULIP?

Buying A Term Insurance Plan? Take These Factors into Account

How Does Term Life Insurance Work? Learn the Benefits

Types of Life Insurance Policies in India

How to Identify Term Insurance According to Your Needs?

9 Most Frequently Asked Questions on Term Insurance

Make Your Online Term Plan Your Familys Monthly Payout

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Should You Buy a Term Plan After 40?

Insuring yourself against Ill Health with a Critical Illness Rider

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Insuring Protection Against Death With Death Insurance Rider

जीवन बीमा पॉलिसी लेने की प्रक्रिया क्या है?

4 Methods to Calculate How Much Term Insurance You Need

कोविड -19 बूस्टर खुराक के दुष्प्रभाव

Should you have more than one nominee in your term insurance?

Term Insurance Claims – Make Sure Your Claims Are Never Rejected

Term Insurance with Critical Illness

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

What are incremental term insurance plans?

Term Life Insurance Vs Money Back Life Insurance

Understanding Term Insurance Riders

Term Insurance vs Life Insurance: Understand the Difference and Benefits

What Are the Best Term Insurance Plans for Planning Retirement?

Can You Increase Your Term Insurance Cover?

Can An Individual Buy Multiple Term Insurance Plans?

Term Life Insurance Plan for Smokers vs Non-Smokers

क्या ₹1 करोड़ का टर्म इंश्योरेंस पर्याप्त कवर है?

Tax Benefits of Term Insurance in India

Why Spending Time with Friends is Essential for Your Mental Health?

Why Term Plan Should Be The First Step To Securing Your Future?

Importance of Term Insurance at Every Stage of Your Life

Why Married People Should Buy Term Insurance Under MWP Act?

Do Beneficiaries Pay Taxes on Term Insurance?

Cost of Term Insurance Likely to Increase Soon

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

How Does Term Life Insurance Work? Learn the Benefits

Difference Between Short-Term and Long-Term Insurance

Term Insurance With Riders In India

What Types of Deaths Are Covered in a Term Insurance Plan?

Term Insurance Age Limit – Term Plan for All Age Groups

Is There Any Tax Benefit on Term Insurance?

Planning For Son or Daughter's Wedding

What is Term Insurance? Term Plan Meaning and Definition

Why is it important to buy term insurance plan?

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

Why Buy Term Insurance Plan With a High Cover?

6 Types of Death not covered in Term Insurance Plan

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

टर्म इंश्योरेंस क्लेम प्रक्रिया

Term Insurance: What Happens When You Don’t Pay Your Premiums?

8 Things To Do After Buying Term Insurance

4 Reasons Why You Need Critical Illness Cover

Is ₹1 Crore Term Insurance Good Enough Cover?

What is Critical Illness Policy?

10 Ways to Mentally Refresh After a Stressful Day

What Happens if you Hide Facts in your Term Insurance?

5 Reasons to Buy Term Insurance When You are in Your 30s

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

Can I Extend the Tenure of My Term Insurance Plan?

What is a term insurance plan with a return of premium, and how does it work?

Do I Need to Give a Medical Test for Term Insurance in India?

Why Buy Term Insurance Even at Rising Rates?

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

Should Youngsters, Working Couples Buy Term Insurance Plans?

How Does Short-Term Life Insurance Work?

Why Short-Term Insurance Plans Deserve a Second Look?

Different Types of Protection Plans

5 Reasons to Have a Child Education Plan

10 Ways to Get Your Kids Involved in Your Healthy Lifestyle

Do term insurance policy have a waiting period after buying?

Why Should You Not Take A Term Plan Without Medical Test in India?

Advantages of Buying Term Insurance in Your 50s

Should You Have Multiple Term Life Insurance Policies?

Why Should You Buy Term Insurance in 2022?

Increasing Term Insurance and Riders

Can Term Insurance Plans Be Purchased As A Gift?

How Not To Get Your Term Insurance Claim Rejected

How to Buy ₹1 Crore Life Insurance Policy Without Medical Test?

Is Group Term Life Insurance Provided By Employer Sufficient?

Reasons You Need Term Insurance Plan as a Self-Employed Person

How do I Calculate My Term Insurance Premium