Kotak e-Term Plan
Protect Your family’s financial future with Kotak e-Term Plan.
Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Insurance and investment in one plan with Kotak e-Invest.
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Individual Non-Linked Non-Par Pure Protection Life Insurance Plan
Your family is your first priority. You strive to provide comfort, happiness, and security to your family and you would want your family’s future to be secured at all times. Even when you are not around you want to ensure you have secured their financial future. Kotak e-Term Plan has been specially designed to let you give that assurance to your family.
Kotak e-Term Plan is a pure risk cover term plan that is truly an economical means of providing you with a high level of protection. It offers special premium rates to non-tobacco users and women. You can also choose additional cover through optional riders available along with the plan, thereby, ensuring a complete cover against the unfortunate eventualities.
Offers the benefit of high cover at economical prices
Choose between Life, Life Plus or Life Secure Option to ensure you have an ideal cover to secure your family.
• Life Option - 100% of Sum Assured on death shall be payable.
• Life Plus Option - 100% of Sum Assured on Death shall be payable Plus Accidental Death Benefit, subject to a maximum of Rs. 1 crore, in case death happens due to an accident.
• Life Secure Option - All future premiums shall be waived off in case the policyholder becomes totally permanently disabled. The death benefit under the plan shall continue to be in force for the remaining policy term and on death, 100% of Sum Assured on Death shall be payable.
Choose between Immediate, Level Recurring or Increasing Recurring Payout basis your family’s requirement.
• Immediate Pay-out: 100% of the Sum Assured on Death shall be payable as a lump sum immediately on the death of the Life Insured and the policy shall be terminated.
• Level Recurring Pay-out: 10% of Sum Assured on Death shall be paid immediately at the time of claim settlement & 6% of Sum Assured on Death shall be payable as annual installments at the end of every year for 15 years; the first payment being made one year after the date of death of the life insured.
• Increasing Recurring Pay-out: 10% of Sum Assured on death shall be paid immediately at the time of claim settlement & 6% of Sum Assured on Death shall be payable at the end of 1st year from the date of death post which the payout shall increase by 10% (Simple Interest Rate) every year. These installments shall be payable at the end of every year for 15 years starting from one year after the date of death.
For Level Recurring Payout and Increasing Recurring Payout there is an option to receive the annual payment in monthly mode. Monthly payments shall be 8.22% of the Annual Payments. The first payment shall start from one month after the date of death of the life insured.
Increase or decrease your life cover basis on various life stages**
Enhance your coverage with Kotak Critical Illness Plus Benefit Rider or /and Kotak Permanent Disability Benefit Rider
Minimum : 18 years
Maturity Age: Minimum – 23 years | Maximum – 75 years
|Premium Payment Term||Policy Term|
|Same as Policy Term||Min: 5 Years | Max: 40 Years or 75 Minus Age at Entry|
|Premium Payment Term||Policy Term|
|5 Pay||Min: 10 Years | Max: 40 Years or 75 Minus Age at Entry|
|7 Pay||Min: 12 Years | Max: 40 Years or 75 Minus Age at Entry|
|10 Pay||Min: 15 Years | Max: 40 Years or 75 Minus Age at Entry|
|15 Pay||Min: 20 Years | Max: 40 Years or 75 Minus Age at Entry|
|Pay till 60 Years (Minimum Premium Payment Term of 10 Years)||Min: 15 Years | Max: 40 Years or 75 Minus Age at Entry|
|Premium Payment Term||Policy Term|
|One Time Payment||Min: 5 Years | Max: 40 Years or 75 Minus Age at Entry|
|~7 and 15 Pay shall not be applicable for Online Channel|
Benefit payable under Life Plus Option shall be subject to a maximum of Rs 1 Crore
In case the Life Insured becomes permanently disabled due to an accident during the policy term, 120% of the Rider Sum Assured shall be payable over 5 years, while the base plan continues for the remaining policy term.Download
Rider Sum Assured shall be payable in part or whole, in case the Life Insured is diagnosed with any one of the 37 Critical Illnesses (subject to terms and conditions)Download
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Send a "Hi" to 93210 03007, from your registered mobile number.
Call our toll free number and our representatives will assist you with all your queries.
You may avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. Customer is advised to take an independent view from tax consultant.
**Step Up is only applicable for Regular Premium paying policy. Step Up is not applicable for Online Channel. Step Down can only be done once during the policy term and can be exercised only if Step Up option has not been chosen or if chosen but not exercised.
***Kotak Permanent Disability Rider is not applicable for Online Channel and cannot be opted under the plan if the policyholder has opted for Life Secure option.
##Half Yearly and Quarterly mode is not applicable for Online Channel.
Terms & Conditions:
Kotak e-Term Plan UIN No.: 107N104V03, Form No. N104, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020, Kotak Permanent Disability Benefit Rider UIN No.: 107B002V03, Form No: B002. Ref. KLI/22-23/E-WEB/690
This is a non-participating, pure protection plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders, please read the Rider Brochure.
Kotak Mahindra Life Insurance Company Ltd.
Reg No. 107;
CIN : U66030MH2000PLC128503;
Regd. Office: 8th Floor,
Plot # C- 12,
G- Block, BKC,
Mumbai – 400051
| Website: https://www.kotaklife.com; WhatsApp: 9321003007 | Toll Free: 1800 209 8800
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
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