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Kotak Guaranteed Fortune Builder

A plan that offers guaranteed income for your future goals. Know more

Kotak e-Term

Protect your family's financial future. Know more

Kotak Assured Savings Plan

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Kotak Guaranteed Savings Plan

A plan that offers long term savings and life cover. Know more

Kotak e-Invest

Insurance and Investment in one plan. Know more

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Kotak e-Term

Buy Term Online

A Non-Linked Non-Participating Life Insurance Individual Pure Risk Premium Product 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 has been specially designed to let you give that assurance to your family.

Kotak e-Term 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.

Key Features

  • Low Cost Insurance

    Low Cost Insurance

    Offers the benefit of high cover at economical prices

  • Multiple Plan Options

    Multiple Plan Options

    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 - Benefit under Life Option PLUS Accidental Death Benefit sub. To 1 crore
    • Life Secure Option - Benefit under Life Option PLUS Waiver of Premium in case Life Insured becomes Totally & Permanently Disabled

  • Three Payout Options

    Three Payout Options

    Choose between Immediate, Level Recurring or Increasing Recurring Payout basis your family’s requirement.
    • Immediate Pay-out: 100% of Sum Assured on Death payable as lump-sum
    • Level Recurring Pay-out: 10% of Sum Assured on Death payable as lump-sum PLUS 6% of Sum Assured on Death payable every year for 15 years
    • Increasing Recurring Pay-out: 10% of Sum Assured on Death payable as lump-sum PLUS Increasing Payout every year by 10% p.a for 15 years starting with 6% of Sum Assured on Death

  • Step Up /Down Options

    Step Up /Down Options

    Increase or decrease your life cover basis on various life stages**

  • Customize Protection With Riders

    Customize Protection With Riders

    Enhance your coverage with Kotak Critical Illness Plus Benefit Rider or /and Kotak Permanent Disability Benefit Rider

  • Option to Exit at Age 60 years

    Option to Exit at Age 60 years

    Get your total premiums back at age 60 through Special Exit Value

  • Inbuilt Wellness Benefits without any additional premium

    Inbuilt Wellness Benefits without any additional premium

    1. Telemedicine Consultation 2. Personal Medical Care 3. Lifestyle Management Programs 4. Emergency Response 5. Home Health Care 6. Pharmacy Access 7. Free Medical Checkup every 5 years These services can be accessed through the Wellbeing App.

Eligibility

  • Eligibility

    Age Criteria

    Entry Age:

    Minimum : 18 years

    Maximum :

    • 65 years (Except for Limited Pay- “Pay till 60 Years”)
    • 50 Years (For Limited Pay - “Pay till 60 Years”)
  • Eligibility

    Maturity Age (as on last birthday)

    • Minimum: 23 years
    • Maximum:
    • 85 years (for Life & Life Secure Option)
    • 75 years (for Life Plus Option)
  • Eligibility

    Premium Payment Option

    Regular, Limited and Single Pay

  • Eligibility

    Premium Payment Mode

    Single, Yearly, Half-Yearly@, Quarterly@ and Monthly

    (@Half Yearly and Quarterly mode shall not be available for Online Channel)

  • Eligibility

    Basic Sum Assured

    • Minimum: Rs 25,00,000 (for Regular Pay, Single Pay & Pay till 60) Rs. 1 Cr (for 5 Pay, 7 Pay, 10 Pay, 15 Pay)

    • Maximum: No limit, subject to Underwriting Policy

Additional Protection with Optional Riders

  • Additional Protection with Optional Riders

    Kotak Permanent Disability Benefit Rider***

    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.

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  • Additional Protection with Optional Riders

    Kotak Critical Illness Plus Benefit Rider

    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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Policy FAQs

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

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.

Disclaimer:

**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.

~7 and 15 Pay shall not be available for Online Channel

Terms & Conditions:

Kotak e-Term Plan; UIN No.: 107N129V01, Form No. N129, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020, Kotak Permanent Disability Benefit Rider UIN No.: 107B002V03, Form No: B002. Ref. No.: KLI/22-23/E-WEB/2336

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.

Regd. Office:

Reg No. 107; CIN : U66030MH2000PLC128503; Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), 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.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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