Kotak Life

Buy a Life Insurance Plan in a few clicks


Now you can buy life insurance plan online.

Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

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. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

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. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

How to Buy a Term Life Insurance Online

How to Buy a Term Life Insurance Online
  • 3rd May 2019 |
  • 2,781

Getting term insurance for yourself is the safest and most cost-effective way to make sure of your family’s financial wellbeing in case of any untoward event. The insurance plan provides life cover and it is one of the most popular insurance plans among the salaried people because of its affordability. One of the things that used to be an issue among the policyholders even until a few years ago is how time-consuming the process of buying insurance was. However, this has changed rapidly over the last few years because people can now buy insurance online.

Why you should buy insurance online

There was a time when you could buy an insurance cover only through an insurance agent. In addition, a lot of paperwork was required to apply for an insurance policy. This has all rapidly changed since the introduction of online financial services. Today, you can take a few minutes off your day and sign up for an insurance plan online.

When you buy life insurance online, you can not only save a lot of time but also find the best options easily. The Internet will help you to find and compare insurance policies easily, which is quite helpful when it comes to selecting a plan that suits your needs the best. This has also increased competition among the insurance providers as the number of policyholders has dramatically increased in the last few years. To attract more customers, they offer great deals and discounts on their policies. This surely benefits you.

Another great thing about online insurance plans is that they have eliminated the need for insurance agents. You can still find one if you are not confident enough about the whole process, but buying insurance on your own is more convenient today. Firstly, you do not have to feel pressurized to buy any term insurance the agent is trying to push. Moreover, you need not worry about fake insurance agents either if you are managing the purchasing process on your own.

How to Buy Term Life Insurance Online:

The process to buy life insurance online can vary for different insurance providers. However, the basic steps are the same and it only requires only a few clicks. Listed below are the general steps that you need to take:

  • Visit the website of your preferred insurance company, find the ‘Register’ button, and provide the insurer with your personal details
  • Once registered, you can log in to the website
  • The website will ask for your sum assured. Enter the amount according to your needs
  • Select the term of the policy
  • You can then select the amount of premium you will have to pay and the number of premiums payable during the term of the policy
  • You will have to add a payment method. You can select between online banking, credit or debit card, or any other payment option the policy provider has listed
  • Once done, you will get an acknowledgment slip online
  • If your insurance policy is approved then you will receive a soft copy of the document via email. A representative of the insurance company will visit you with the hard copy of the document too

These are the steps to buy insurance online for most of the insurance policy providers. Make sure to read the policy documents carefully and understand the terms and conditions before you buy a policy.

Kotak e-Term Plan


  • 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

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

Is There Any Tax Benefit on Term Insurance?

6 Types of Death not covered in Term Insurance Plan

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

What is Insurance Premium - A Detailed Guide

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

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

Side Effects of Covid-19 Booster Doses

Importance of Term Insurance at Every Stage of Your Life

Planning For Son or Daughter's Wedding

While Buying Term Insurance Compare Features, Not Just Premiums

Top 3 Reasons Why You Should Buy A Term Plan Now

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

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

How To Change The Nominee in Term Insurance?

Term Plans are Definitely Cheaper than You Think!

How Not To Get Your Term Insurance Claim Rejected

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

Insuring Protection Against Death With Death Insurance Rider

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

Buying A Term Insurance Plan? Take These Factors into Account

Term Insurance Plans and Policies for Smokers

Why Term Insurance Is Better Than ULIP?

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

Why Buy Term Insurance Plan With a High Cover?

Everything About Claim Settlement Ratio for Term Insurance

4 Reasons Why You Need Critical Illness Cover

Can I Get Term Insurance on Behalf of My Spouse?

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

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

Why does every working woman need life insurance?

What All Documents Required For Term Insurance In India?

How to Identify Term Insurance According to Your Needs?

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

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

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

Individual Life Insurance vs. Group Term Life Insurance

Why Premium Amount for Term Insurance is So Low?

9 Ways to Help Family Members in Financial Trouble

Eligibility Criteria for Buying Term Insurance in India

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

Why should single women purchase term life insurance?

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

Insuring Against Accidents with an Accidental Death Insurance Rider

Insuring Against Disability With Disability Insurance Rider

What Happens if you Hide Facts in your Term Insurance?

Why Should You Buy Term Insurance in 2022?

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

How Much Cover Should I Take In A Term Plan?

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

Does Term Insurance Cover Accidental Death?

What are incremental term insurance plans?

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

Term Insurance with Critical Illness

How Does A Term Life Insurance Work in India?

Planning For Children's Future

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

10-Year Term Life Insurance Policy - Explained in Detail

Why Buy Term Insurance Even at Rising Rates?

What Are the Best Term Insurance Plans for Planning Retirement?

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

Do You Need Term Insurance Cover After Retirement?

Is term Insurance Needed for People With No Dependents?

Different Types of Premium in Term Insurance

Protection for your family

All About Term Insurance Inbuilt Coverage

5 Benefits of Early Retirement Planning

Difference Between Term Insurance vs Life Insurance

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

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

Advantages of Buying Term Insurance in Your 50s

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

What are the Documents Required for Term Insurance Plan?

What is a short term insurance policy?

Which Death Type Does Your Term Plan Not Cover?

8 Factors to consider before choosing a Critical Illness Insurance

8 Benefits of Term Insurance You Should Know

Is Group Term Life Insurance Provided By Employer Sufficient?

Know How to Invest at Every Age for Larger Returns

How Much Term Insurance Do I Need

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Term Plan with Spouse Cover

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

Advantages & Disadvantages of Term Insurance in India

Can Senior Citizens Avail Term Insurance?

Should You Have Multiple Term Life Insurance Policies?

Why Married People Should Buy Term Insurance Under MWP Act?

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

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

How To Choose the Right Term Insurance Plan?

Tips to Choose the Right Term Period for Term Insurance Plan

Should You Buy a Term Plan After 40?

Is Term Life Insurance Plan an Investment or Expense?

Different Types of Protection Plans

5 Term Insurance Benefits for Single Women

8 Things To Do After Buying Term Insurance

Ensure Protection Against Death, Disease & Disability With Life Insurance

Term Insurance With Riders In India

Term Life Insurance Plan for Smokers vs Non-Smokers

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

Calculating Term Insurance Premium

Can I Extend the Tenure of My Term Insurance Plan?

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

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

4 Methods to Calculate How Much Term Insurance You Need

Why 1 Cr Term Plan Is Necessary For Family?

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

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

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

Term Insurance: Smokers vs Non-Smokers

What Is the Correct Age to Buy Term Insurance?

What is Critical Illness Policy

How Does Term Life Insurance Work? Learn the Benefits

Make Your Online Term Plan Your Familys Monthly Payout

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

Comparing Term Plans – What Should You Look Out For

All you need to Know about Term Insurance Plans for Housewives

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

Choosing Riders for Insurance Plans

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

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

Steps on How to Buy Term Insurance Online

Can Term Insurance Plans Be Purchased As A Gift?

Is a Term Insurance Policy Portable?

Busting Myths and Facts About Term Insurance Policies

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

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

How to Surrender Term Life Insurance When you have No Liabilities

Why Should New Parents Buy Term Life Insurance?

What Should You opt for - Limited or Premium Pay?

What is Term Insurance - A Complete Guide

6 Reasons That Make Term Insurance a Must Buy

Tax Benefits of Term Insurance in India

What Is a Renewable Term Insurance Policy?

Insurance Policy for Housewife In India

Why is it important to buy term insurance plan?

How to Compare Term Insurance Online

Can You Increase Your Term Insurance Cover?

Should Youngsters, Working Couples Buy Term Insurance Plans?

Understanding Term Insurance Riders

Cost of Term Insurance Likely to Increase Soon

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Term Insurance Basics You Should Know

4 Things To Expect From Your Term Insurance Plan in India

Is Life Insurance Investment Worthy Enough

Is ₹1 Crore Term Insurance Good Enough Cover?

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

9 Most Frequently Asked Questions on Term Insurance

5 Things To Consider While Buying Term Insurance Plan

Insuring yourself against Ill Health with a Critical Illness Rider

Term Insurance Calculator - Everythng You Need To Know

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

Do Beneficiaries Pay Taxes on Term Insurance?

Endowment Plans vs Term Plans: Understanding the difference

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

Increasing Term Insurance and Riders

Term Insurance Age Limit – Term Plan for All Age Groups

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