Kotak Life
Close

Buy a Life Insurance Plan in a few clicks

Close

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

Saving Income tax in 2017 - 18

Saving Income tax in 2017 - 18
  • 15th Nov 2016 |
  • 15,599

Saving tax need not be taxing any more

Come the tax season and we run helter-skelter trying to save up whatever tax we can. We frantically make investments to minimize taxes, without adequate knowledge of the various available options. Times like these can be very tricky as it is a challenge to find the right instrument for saving tax. There is an easier way to manage this:

You can use tax saving investments effectively and achieve financial goals. They should not only help save tax but also provide attractive returns on investments.

Life insurance in India can be very useful for tax planning, because the policyholder is eligible for tax benefits under the Income Tax Act, 1961.

There are several investment options listed as eligible under Section 80C. You can claim the deduction from gross total income for the premium paid for your life insurance policy.

Kotak Life Insurance offers you a spectrum of term plans that provide triple benefits of saving tax on investment, life insurance cover and tax-free returns as well. So, choose your plans wisely from Related Plans below and achieve much more than tax saving.

Calculate Premium

Read Here for More Related Articles:

Kotak e-Term Plan

Features

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

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

T&C

Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

What Are the Best Term Insurance Plans for Planning Retirement?

Why Premium Amount for Term Insurance is So Low?

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

Buying A Term Insurance Plan? Take These Factors into Account

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

Does Term Insurance Cover Accidental Death?

Eligibility Criteria for Buying Term Insurance in India

4 Things To Expect From Your Term Insurance Plan in India

Is There Any Tax Benefit on Term Insurance?

All About Term Insurance Inbuilt Coverage

Advantages of Buying Term Insurance in Your 50s

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

Insuring yourself against Ill Health with a Critical Illness Rider

Term Insurance With Riders In India

Insurance Policy for Housewife In India

Insuring Protection Against Death With Death Insurance Rider

Is a Term Insurance Policy Portable?

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

Can I Extend the Tenure of My Term Insurance Plan?

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

Is ₹1 Crore Term Insurance Good Enough Cover?

Do Beneficiaries Pay Taxes on Term Insurance?

Know How to Invest at Every Age for Larger Returns

Different Types of Premium in Term Insurance

Individual Life Insurance vs. Group Term Life Insurance

Importance of Term Insurance at Every Stage of Your Life

Cost of Term Insurance Likely to Increase Soon

10-Year Term Life Insurance Policy - Explained in Detail

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

Should You Have Multiple Term Life Insurance Policies?

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

Do You Need Term Insurance Cover After Retirement?

Why Should You Buy Term Insurance in 2022?

Can You Increase Your Term Insurance Cover?

Busting Myths and Facts About Term Insurance Policies

Planning For Son or Daughter's Wedding

Protection for your family

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

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

Can Senior Citizens Avail Term Insurance?

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

How To Choose the Right Term Insurance Plan?

Make Your Online Term Plan Your Familys Monthly Payout

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

4 Methods to Calculate How Much Term Insurance You Need

Increasing Term Insurance and Riders

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

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

Why Should New Parents Buy Term Life Insurance?

Is Group Term Life Insurance Provided By Employer Sufficient?

Insuring Against Accidents with an Accidental Death Insurance Rider

How Does Term Life Insurance Work? Learn the Benefits

Advantages & Disadvantages of Term Insurance in India

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

Term Insurance with Critical Illness

Everything About Claim Settlement Ratio for Term Insurance

What Is a Renewable Term Insurance Policy?

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

Can Term Insurance Plans Be Purchased As A Gift?

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

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

Term Plans are Definitely Cheaper than You Think!

How Much Term Insurance Do I Need

Is term Insurance Needed for People With No Dependents?

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

Planning For Children's Future

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

Top 3 Reasons Why You Should Buy A Term Plan Now

Should You Buy a Term Plan After 40?

6 Reasons That Make Term Insurance a Must Buy

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

Term Insurance Plans and Policies for Smokers

Term Life Insurance Plan for Smokers vs Non-Smokers

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

Why 1 Cr Term Plan Is Necessary For Family?

Ensure Protection Against Death, Disease & Disability With Life Insurance

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

How to Surrender Term Life Insurance When you have No Liabilities

Choosing Riders for Insurance Plans

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

9 Most Frequently Asked Questions on Term Insurance

How Not To Get Your Term Insurance Claim Rejected

What All Documents Required For Term Insurance In India?

What are the Documents Required for Term Insurance Plan?

Term Insurance Basics You Should Know

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Endowment Plans vs Term Plans: Understanding the difference

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

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

Is Term Life Insurance Plan an Investment or Expense?

Difference between Term Insurance and Life Insurance

8 Factors to consider before choosing a Critical Illness Insurance

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

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

Why does every working woman need life insurance?

How to Buy 1 Crore Life Insurance Policy Without Medical Test

How To Change The Nominee in Term Insurance?

Is Life Insurance Investment Worthy Enough

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

What is Insurance Premium - A Detailed Guide

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

Why should single women purchase term life insurance?

Understanding Term Insurance Riders

Comparing Term Plans – What Should You Look Out For

Should Youngsters, Working Couples Buy Term Insurance Plans?

What Happens if you Hide Facts in your Term Insurance?

How to Compare Term Insurance Online

5 Term Insurance Benefits for Single Women

Which Death Type Does Your Term Plan Not Cover?

5 Benefits of Early Retirement Planning

Can I Get Term Insurance on Behalf of My Spouse?

Why Married People Should Buy Term Insurance Under MWP Act?

Why Buy Term Insurance Even at Rising Rates?

5 Things To Consider While Buying Term Insurance Plan

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

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

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

Why Buy Term Insurance Plan With a High Cover?

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

While Buying Term Insurance Compare Features, Not Just Premiums

Term Insurance Age Limit – Term Plan for All Age Groups

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

6 Types of Death not covered in Term Insurance Plan

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

Insuring Against Disability With Disability Insurance Rider

How Much Cover Should I Take In A Term Plan?

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

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

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

Steps on How to Buy Term Insurance Online

What Should You opt for - Limited or Premium Pay?

What is a short term insurance policy?

What is Critical Illness Policy

What is Term Insurance - A Complete Guide

What Is the Correct Age to Buy Term Insurance?

All you need to Know about Term Insurance Plans for Housewives

8 Benefits of Term Insurance You Should Know

Term Insurance: Smokers vs Non-Smokers

8 Things To Do After Buying Term Insurance

9 Ways to Help Family Members in Financial Trouble

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

What are incremental term insurance plans?

Term Plan with Spouse Cover

Why Term Insurance Is Better Than ULIP?

Tax Benefits of Term Insurance in India

How to Identify Term Insurance According to Your Needs?

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

Tips to Choose the Right Term Period for Term Insurance Plan

Why is it important to buy term insurance plan?

Different Types of Protection Plans

How Does A Term Life Insurance Work in India?

Calculating Term Insurance Premium

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

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

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

Term Insurance Calculator - Everythng You Need To Know

4 Reasons Why You Need Critical Illness Cover