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.

When Should You Review Term Life Insurance of Yours?

You should review term life insurance policy on a timely basis. Click here to know the reasons why you need to re-evaluate and increase term insurance coverage of yours.

  • Oct 01, 2019

An insurance plan is like an umbrella on a rainy day. Whenever it rains, you pull out the umbrella, and whenever you are in trouble, you look for an insurance cover. A term plan offers coverage for your life. It provides cover for a specific duration at a low amount of premium. In case of an unfortunate event, the insurer will provide your family with financial security.

Reasons why need to review term life insurance coverage you require

With increasing age and various changes that happen in your life, you must evaluate your cover to ensure that you have adequate protection at all times. Here are a few compelling reasons for you to re-evaluate the cover.

  • Increase in dependents

  • Whenever there is an increase in dependents, you need to review term insurance online. There will be an increase in dependents when you get married, have children, or when your parents retire and they are dependent on you. As and when there is an increase in dependents, you need to look at different ways to include them in your coverage.

  • Increase in liabilities

  • A liability like a long-term loan requires a re-evaluation of the sum assured. You would want your dependents to pay off the same without any financial stress. This is why you need to evaluate the term insurance plan. If you were not going to be around, you would not want your loved ones to be under a pile of debt. Include all the liabilities and consider a higher cover.

  • Change in the family situation

  • You might have to increase the term insurance cover due to a change in the family circumstance. If your spouse resigns from the job or if your parents move in with you, it will be essential to revise the insurance cover.

  • Adverse reports about the insurance company

  • When you hear negative reviews about the insurance company, it is time to reconsider the policy and look at other options. You can also move to another insurer and look for term life insurance online.

  • Change in career or income levels

  • If you have got a promotion and are now earning a higher income as compared to the past, you will have to re-evaluate your insurance requirements. This is mainly because your family will be enjoying an expensive lifestyle and you will have to increase the coverage to help them maintain the standard of living in your absence.

  • Tax-saving opportunities

  • If you do not make the most of the available tax benefits under the Income Tax Act, 1961, you need to consider increasing term insurance. With high coverage, you might have to pay a high premium amount and thereby avail of a high tax benefit.

    Remember, it makes no sense to be over-insured and pay a premium that is beyond your means. However, it is not a good idea to remain under-insured as well. Hence, you must review the term life insurance plan and re-evaluate it when required.

Invest in Term Insurance Now to Save Tax

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 To Choose the Right Sum Assured Under a Term Plan?

Different Types of Protection Plans

How Much Cover Should I Take In A Term Plan?

What is Critical Illness Policy?

9 Point Guide on how to File Income Tax Return Online

Why Premium Amount for Term Insurance is So Low?

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

How Not To Get Your Term Insurance Claim Rejected

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

Can I Extend the Tenure of My Term Insurance Plan?

Everything About Claim Settlement Ratio for Term Insurance

Should You Buy a Term Plan After 40?

Why is it important to buy term insurance plan?

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

Advantages of Buying Term Insurance in Your 50s

How Much Term Life Insurance Cover Do I Need?

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

How to Identify Term Insurance According to Your Needs?

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Difference Between Term Insurance and Endowment Plan

Tax Benefits of Term Insurance in India

Term Insurance Claim Process

How To Change The Nominee in Term Insurance?

What are the Documents Required for Term Insurance Plan?

5 Reasons to Have a Child Education Plan

How Does Term Life Insurance Work? Learn the Benefits

Why Should You Buy Term Insurance in 2022?

Individual Life Insurance vs. Group Term Life Insurance

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

6 Types of Death not covered in Term Insurance Plan

8 Benefits of Term Insurance You Should Know

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

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

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

Is Group Term Life Insurance Provided By Employer Sufficient?

How to Compare Term Insurance Online

Term Insurance Claims – Make Sure Your Claims Are Never Rejected

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

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

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

While Buying Term Insurance Compare Features, Not Just Premiums

Eligibility Criteria for Buying Term Insurance in India

Is Term Life Insurance Plan an Investment or Expense?

How Does Term Life Insurance Work? Learn the Benefits

Top 3 Reasons Why You Should Buy A Term Plan Now

Do You Need Term Insurance Cover After Retirement?

5 Benefits of Early Retirement Planning

9 Most Frequently Asked Questions on Term Insurance

Which Death Type Does Your Term Plan Not Cover?

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

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

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

All you need to Know about Term Insurance Plans for housewives

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

Is term Insurance Needed for People With No Dependents?

How do I Calculate My Term Insurance Premium

जीवन बीमा पॉलिसी लेने की प्रक्रिया क्या है?

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

Term Insurance Age Limit – Term Plan for All Age Groups

10-Year Term Life Insurance Policy - Explained in Detail

Why Buy Term Insurance Plan With a High Cover?

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

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

What is Insurance Premium? | Definition of Insurance Premium

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

Types of Life Insurance Policies in India

Is a Term Insurance Policy Portable?

Can I Get Term Insurance on Behalf of My Spouse?

Term Insurance with Critical Illness

How Does Short-Term Life Insurance Work?

Does Term Insurance Cover Accidental Death?

Should Youngsters, Working Couples Buy Term Insurance Plans?

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

Why Buy Term Insurance Even at Rising Rates?

Should You Have Multiple Term Life Insurance Policies?

Make Your Online Term Plan Your Familys Monthly Payout

Why Term Insurance Is Better Than ULIP?

Term Life Insurance Plan for Smokers vs Non-Smokers

भारत में जीवन बीमा कितने प्रकार के होते हैं?

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

10 Most Frequently Asked Questions - FAQs on Term Insurance

Comparing Term Plans – What Should You Look Out For

Term Life Insurance Vs Money Back Life Insurance

Importance of Term Insurance at Every Stage of Your Life

Ensure Protection Against Death, Disease & Disability With Life Insurance

10 Ways to Mentally Refresh After a Stressful Day

Term Insurance With Riders In India

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

9 Ways to Help Family Members in Financial Trouble

4 Methods to Calculate How Much Term Insurance You Need

8 Factors to consider before choosing a Critical Illness Insurance

Can Term Insurance Plans Be Purchased As A Gift?

What Happens if you Hide Facts in your Term Insurance?

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

Insuring Protection Against Death With Death Insurance Rider

4 Things To Expect From Your Term Insurance Plan in India

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

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

Term Insurance Calculator - Everything You Need To Know

Term Plans are Definitely Cheaper than You Think!

Term Plan with Spouse Cover

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Why should single women purchase term life insurance?

11 Types of Death not covered in Term Insurance Plans

Insuring Against Disability With Disability Insurance Rider

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

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

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

Choosing Riders for Insurance Plans

All About Term Insurance Inbuilt Coverage

Cost of Term Insurance Likely to Increase Soon

How To Choose the Right Term Insurance Plan?

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

Benefits of Short-Term Life Insurance Policy

Insuring yourself against Ill Health with a Critical Illness Rider

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

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

Difference Between Short-Term and Long-Term Insurance

5 Term Insurance Benefits for Single Women

All about Online Income Tax Calculator

Do Beneficiaries Pay Taxes on Term Insurance?

Steps on How to Buy Term Insurance Online

Is ₹1 Crore Term Insurance Good Enough Cover?

What All Documents Required For Term Insurance In India?

Planning For Children's Future

5 Smart Steps to keep in mind while buying term policies

Why Married People Should Buy Term Insurance Under MWP Act?

What Is a Renewable Term Insurance Policy?

Term Insurance: Smokers vs Non-Smokers

Planning For Son or Daughter's Wedding

Why Should New Parents Buy Term Life Insurance?

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

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

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

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

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

Can An Individual Buy Multiple Term Insurance Plans?

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

What Are the Best Term Insurance Plans for Planning Retirement?

What Should You opt for - Limited or Premium Pay?

Insurance Policy for Housewife In India

Busting Myths and Facts About Term Insurance Policies

What is a short term insurance policy?

टर्म इंश्योरेंस क्लेम प्रक्रिया

Why You Must Include In Your Financial Planning?

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

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

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

Should you buy a Renewable Term Life Policy?

Can You Get Term Insurance Without Income Proof?

8 Things To Do After Buying Term Insurance

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

Tips to Choose the Right Term Period for Term Insurance Plan

Understanding Term Insurance Riders

Buying A Term Insurance Plan? Take These Factors into Account

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

Protection for your family

10 Ways to Get Your Kids Involved in Your Healthy Lifestyle

Why Short-Term Insurance Plans Deserve a Second Look?

Endowment Plans vs Term Plans: Understanding the difference

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

6 Reasons That Make Term Insurance a Must Buy

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

What is Term Insurance? Term Plan Meaning and Definition

टर्म इंश्योरेंस बनाम लाइफ इंश्योरेंस: अंतर और लाभ समझें

What are incremental term insurance plans?

Can Senior Citizens Avail Term Insurance?

Why does every working women need life insurance?

Insuring Against Accidents with an Accidental Death Insurance Rider

Is There Any Tax Benefit on Term Insurance?

Different Types of Premiums in Term Insurance?

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

Is Life Insurance Investment Worthy Enough

Know How to Invest at Every Age for Larger Returns

How To Evaluate Your Term Insurance Quote?

What Is the Correct Age to Buy Term Insurance?

Side Effects of Covid-19 Booster Doses

Why 1 Cr Term Plan Is Necessary For Family?

Term Insurance vs Life Insurance: Understand the Difference and Benefits

5 Things To Consider While Buying Term Insurance Plan

कोविड -19 बूस्टर खुराक के दुष्प्रभाव

Can You Increase Your Term Insurance Cover?

क्या ₹1 करोड़ का टर्म इंश्योरेंस पर्याप्त कवर है?

How Does BMI Affect Your Term Insurance Premium?

Increasing Term Insurance and Riders

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

Term Insurance Plans and Policies for Smokers

Do term insurance policy have a waiting period after buying?

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

भारत में गृहणियों के लिए टर्म इंश्योरेंस

Advantages & Disadvantages of Term Insurance in India

Difference Between Term Insurance and Endowment Plan

Term Insurance Basics You Should Know

4 Reasons Why You Need Critical Illness Cover

Calculating Term Insurance Premium

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