Guide to Term Insurance Inbuilt Coverage

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term Plan

Protect Your family’s financial future with Kotak e-Term Plan. 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 Health Shield

Insurance against medical expenses related to heart, brain, liver and Cancer. Know more

All About Term Insurance Inbuilt Coverage

All About Term Insurance Inbuilt Coverage
  • 11th Mar 2021 |
  • 1,069

A term insurance plan is a pure life insurance policy. You pay a pre-decided amount as premium for a pre-determined period of time, and the term plan offers your nominee a sum assured in the unfortunate event of your demise during the policy term. The sum assured is chosen at the time of purchase and can affect the premiums that you pay for the policy. However, a term plan is not limited to only the death benefit. There are other ways to enhance the scope of your policy’s features. One such popular way of enhancing the nature and extent of your term insurance plans coverage are inbuilt coverages or riders or add-ons.

This article talks about a term insurance plan’s inbuilt coverage. Read on to know more.

What is inbuilt coverage of a term insurance plan?

Since life can throw multiple curveballs at you, the scope of coverage of a term plan should also be extensive. This can be done with wide inbuilt term insurance coverage. Inbuilt term insurance coverage refers to riders and benefits that can offer you and loved ones financial protection at unexpected times.

Riders can be additional bought, over and above your base term insurance, at an additional premium. These add-on covers offer protection against specific circumstances, and their coverage is restricted to the pre-determined set of circumstances.

Some common riders that you can add to your term insurance plan include:

1. Critical illness rider: A critical illness rider offers you financial security against the costs of treatment of critical medical conditions. Each term insurance policy has a list of critical illnesses mentioned in the policy document. The costs of hospitalization, medicines, doctor’s appointments, surgeries, ambulance, etc., can be covered with this benefit.

2. Permanent disability rider: In case of permanent disability in an accident, an extra percentage of the sum assured is paid out to you with this rider. This takes care of your additional expenses that may arise when you lose your ability to earn an income because of a permanent disability.

3. Accidental death rider: With an accidental death rider, your nominee receives an accidental death rider over and above the death benefit in the unfortunate event of your demise due to an accident.

All these riders add to the coverage of your term insurance plan and can be bought at a nominal cost over and above the base premium for your policy.

Inbuilt coverage offered by Kotak Life term plans

Kotak Life offers e-Term plan. Here are the riders offered under the plan:

● Kotak e-Term Plan

- Kotak Accidental Death Benefit Rider: In the event of a death in an accident, your nominee receives an accidental death benefit within 120 days from the date of the accident.

- Kotak Permanent Disability Benefit Rider: If you suffer from a permanent disability, the permanent disability benefit rider pays you 120% of the rider sum assured, paid over a period of 5 years. The rider benefit is paid in five instalments of 12%, every year. The last payment is paid at the end of the 5th policy year and equals 60% of the rider sum assured.

- Kotak Critical Illness Plus Benefit Rider: The rider sum assured is paid on the diagnoses of any of the 37 critical illnesses mentioned in the plan if you survive for 30 days from the date of diagnosis of the said critical illness.

Kotak e-Term Plan

Download Brochure


  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492


Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

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

Advantages of Buying Term Insurance in Your 50s

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

4 Reasons Why You Need Critical Illness Cover

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

Planning For Son or Daughter's Wedding

Why Premium Amount for Term Insurance is So Low?

6 Reasons That Make Term Insurance a Must Buy

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

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

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

Why Married People Should Buy Term Insurance Under MWP Act?

Do You Need Term Insurance Cover After Retirement?

Side Effects of Covid-19 Booster Doses

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

How Much Term Insurance Do I Need

Insuring Against Accidents with an Accidental Death Insurance Rider

Individual Life Insurance vs. Group Term Life Insurance

4 Methods to Calculate How Much Term Insurance You Need

How To Choose the Right Term Insurance Plan?

10-Year Term Life Insurance Policy - Explained in Detail

Importance of Term Insurance at Every Stage of Your Life

9 Ways to Help Family Members in Financial Trouble

Is a Term Insurance Policy Portable?

How Much Cover Should I Take In A Term Plan?

Term Insurance Basics You Should Know

Do Beneficiaries Pay Taxes on Term Insurance?

How Does A Term Life Insurance Work in India?

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

Term Insurance Age Limit – Term Plan for All Age Groups

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

What Are the Best Term Insurance Plans for Planning Retirement?

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

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

Is Term Life Insurance Plan an Investment or Expense?

How to Identify Term Insurance According to Your Needs?

Know How to Invest at Every Age for Larger Returns

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Is Group Term Life Insurance Provided By Employer Sufficient?

Why should single women purchase term life insurance?

Can Term Insurance Plans Be Purchased As A Gift?

Tips to Choose the Right Term Period for Term Insurance Plan

Insurance Policy for Housewife In India

Why 1 Cr Term Plan Is Necessary For Family?

Steps on How to Buy Term Insurance Online

8 Types of Death not covered in Term Insurance Plan

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

Term Insurance Calculator - Everythng You Need To Know

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

8 Factors to consider before choosing a Critical Illness Insurance

Different Types of Premium in Term Insurance

Which Death Type Does Your Term Plan Not Cover?

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

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

Tax Benefits of Term Insurance in India

Is term Insurance Needed for People With No Dependents?

Insuring yourself against Ill Health with a Critical Illness Rider

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

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

Why Should New Parents Buy Term Life Insurance?

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

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

How Not To Get Your Term Insurance Claim Rejected

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

What All Documents Required For Term Insurance In India?

10 Ways to Get Your Kids Involved in Your Healthy Lifestyle

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

Term Insurance Plans and Policies for Smokers

Endowment Plans vs Term Plans: Understanding the difference

Should You Buy a Term Plan After 40?

Why Buy Term Insurance Even at Rising Rates?

While Buying Term Insurance Compare Features, Not Just Premiums

Everything About Claim Settlement Ratio for Term Insurance

Is There Any Tax Benefit on Term Insurance?

5 Things To Consider While Buying Term Insurance Plan

Advantages & Disadvantages of Term Insurance in India

4 Things To Expect From Your Term Insurance Plan in India

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

Can I Extend the Tenure of My Term Insurance Plan?

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

Why does every working woman need life insurance?

Can I Get Term Insurance on Behalf of My Spouse?

Should Youngsters, Working Couples Buy Term Insurance Plans?

Insuring Protection Against Death With Death Insurance Rider

Buying A Term Insurance Plan? Take These Factors into Account

8 Benefits of Term Insurance You Should Know

Difference Between Term Insurance vs Life Insurance

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

10 Ways to Mentally Refresh After a Stressful Day

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

Term Insurance with Critical Illness

Understanding Term Insurance Riders

Term Life Insurance Plan for Smokers vs Non-Smokers

What is Critical Illness Policy

Term Plans are Definitely Cheaper than You Think!

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

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

What is Insurance Premium - A Detailed Guide

Can Senior Citizens Avail Term Insurance?

Increasing Term Insurance and Riders

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

How Does Term Life Insurance Work? Learn the Benefits

How to Compare Term Insurance Online

What is a short term insurance policy?

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

Term Insurance – Why You Must Include In Your Financial Planning?

9 Most Frequently Asked Questions on Term Insurance

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

Is ₹1 Crore Term Insurance Good Enough Cover?

What Is a Renewable Term Insurance Policy?

Comparing Term Plans – What Should You Look Out For

Insuring Against Disability With Disability Insurance Rider

All you need to Know about Term Insurance Plans for Housewives

Should You Have Multiple Term Life Insurance Policies?

Why Term Insurance Is Better Than ULIP?

कोविड -19 बूस्टर खुराक के दुष्प्रभाव

What are incremental term insurance plans?

What Happens if you Hide Facts in your Term Insurance?

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

Why is it important to buy term insurance plan?

Planning For Children's Future

5 Term Insurance Benefits for Single Women

Term Insurance With Riders In India

Why Should You Buy Term Insurance in 2022?

Busting Myths and Facts About Term Insurance Policies

Top 3 Reasons Why You Should Buy A Term Plan Now

Why Buy Term Insurance Plan With a High Cover?

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

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

Ensure Protection Against Death, Disease & Disability With Life Insurance

What Is the Correct Age to Buy Term Insurance?

Can You Increase Your Term Insurance Cover?

Term Insurance: Smokers vs Non-Smokers

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

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

Term Plan with Spouse Cover

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

What is Term Insurance - A Complete Guide

Eligibility Criteria for Buying Term Insurance in India

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

Choosing Riders for Insurance Plans

Make Your Online Term Plan Your Familys Monthly Payout

5 Benefits of Early Retirement Planning

Is Life Insurance Investment Worthy Enough

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

6 Types of Death not covered in Term Insurance Plan

Different Types of Protection Plans

8 Things To Do After Buying Term Insurance

How to Ensure That Your Term Insurance Claims Are Never Rejected?

What are the Documents Required for Term Insurance Plan?

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

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Does Term Insurance Cover Accidental Death?

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

Cost of Term Insurance Likely to Increase Soon

How To Change The Nominee in Term Insurance?

Best Investment Plans for Children - Secure Your Child's Future

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

Protection for your family

Calculating Term Insurance Premium

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

What Should You opt for - Limited or Premium Pay?