Close
Close

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Invest

Insurance and Investment in one plan. Know more

Kotak e-Term

Protect your family's financial future. Know more

Kotak Guaranteed Fortune Builder

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

Kotak T.U.L.I.P

A plan that works like a term plan, and Earns like ULIP Plan. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Assured Pension

A plan that offers immediate or deferred stream of income Know more

Kotak Lifetime Income Plan

Retirement years are the golden years of life. Know more

Kotak Guaranteed Savings Plan

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

Close

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.

Kotak Term Plan

A Non-Linked Non-Par Individual Pure Protection Life Insurance Plan

Life is uncertain. Unfortunate events like an untimely death of the breadwinner can put a family at a great risk of being financially insecure. Kotak Term Plan is a pure risk cover plan and an economical means of providing high level of financial protection. In this plan, the Sum Assured is paid to the beneficiary as a lump sum in case of the unfortunate death of the life insured. As a result, the family of life insured is financially well cushioned even if the life insured is no longer around to provide.

Key Features

  • <h4>Nominal cost insurance plan</h4>

    Nominal cost insurance plan

    Get a high level of protection at a nominal cost. The plan further provides preferential rates for female lives.

  • <h4>Flexible premium payment options</h4>

    Flexible premium payment options

    Whether you prefer a single premium payment mode or wish to pay regularly over years, we have the right solution for you. If you opt for the regular mode, you still have the choice of paying yearly, halfyearly, quarterly or monthly. You get a high level of flexibility in paying premiums.

  • <h4>Plan conversion option</h4>

    Plan conversion option

    Flexibility to convert Kotak Term Plan to a policy of any other plan* offered by Kotak Life Insurance (except for another term plan) before the last 5 years of the policy term to suit your needs. *Subject to the product specific conditions.

Eligibility

  • Eligibility

    Age Criteria

    Entry age – Minimum: 18 years | Max: 65 years

    Maturity age – Max: 70 years

  • Eligibility

    Policy Term

    Policy Term: 5 to 30 years

  • Eligibility

    Sum Assured

    Minimum: Rs. 3,00,000

    Maximum: Rs. 24,99,999

  • Eligibility

    Premium

    Min: Regular Pay: Rs. 1,068

    Single Pay: Rs. 3,060

    Max: Based on Sum Assured, Policy Term, Gender & Premium Payment Option

  • Eligibility

    Premium Payment Details

    Premium Payment Term (PPT): Regular Pay: Equal to Policy Term | Single Pay: Single payment

    Premium Payment Option: Regular and Single pay

    Premium Paying Mode: Single, Yearly, Half- yearly, Quarterly, Monthly

  • Eligibility

    Modal Factor (% of annual premium)

    The following modal loading will be used to calculate the installment Premium

    Yearly – 100%, Half-yearly – 51%, Quarterly– 26%, Monthly– 8.8%

Additional Protection with Optional Riders

  • Additional Protection with Optional Riders

    Kotak Critical Illness Plus Benefit Rider (CIP):

    The Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, subject to terms and conditions.

  • Additional Protection with Optional Riders

    Kotak Accidental Death Benefit Rider (ADB):

    Lump sum benefit paid upon accidental death.

  • Additional Protection with Optional Riders

    Kotak Permanent Disability Benefit Rider (PDB):

    Payout in installments upon admission on becoming disabled due to accident.

Need help for paying premium?

Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

Call our toll free number and our representative will help you buy the most suitable term insurance plan.

Get details of your policy on our WhatsApp

Say "Hi" to 93210 03007

Get in touch with our Customer Care team

Click Here

Read about Tax benefits & Plan Disclaimer

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 laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

Terms & Conditions:

Kotak Term Plan UIN No.: 107N005V06, Form No. N005, Kotak Accidental Death Benefit Rider - UIN: 107B001V03, Form No: B001, Kotak Permanent Disability Benefit Rider - UIN: 107B002V03, Form No: B002, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V01, Form No. B020. Ref. No.: KLI/23-24/E-EM/465.

This is a non-linked non-par individual pure protection life insurance 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.

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd

Reg No. 107

CIN : U66030MH2000PLC128503

8th Floor, Plot # C- 12, G- Block, BKC,

Bandra (E), Mumbai - 400051

Toll Free: 1800 209 8800 (8 am to 10 pm)

Website: https://kotaklife.com

WhatsApp: 9321003007

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.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license

Similar plans

  • Kotak Protect India

    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.

    Know more
  • Kotak e-Term

    Kotak e-Term Plan is a pure term insurance plan that provides a holistic life protection at affordable prices. Find out the eligibility criteria, key features, plan options & pay-out options of Kotak e-Term Plan online today!

    Know more