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A Non-Participating Non-Linked Life Insurance Individual Pure Risk Product
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.
Get a high level of protection at a nominal cost. The plan further provides preferential rates for female lives. Now you can get life cover of Rs.10 lakhs for a premium of Rs.182* per month only! *The premium stated for a 30 year old healthy female for a term of 10 years paying regularly, the monthly premium is Rs.182 (Annualized premium Rs. 2,066*8.8%). The above premium figures are exclusive of Goods and Services Tax and Cess, as applicable. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.
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, half-yearly, quarterly or monthly. You get a high level of flexibility in paying premiums.
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.
Enhanced protection further 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. • Kotak Accidental Death Benefit Rider (ADB): Lump sum benefit paid upon accidental death. • Kotak Permanent Disability Benefit Rider (PDB): Payout in installments upon admission on becoming disabled due to accident.
Min: Regular Pay: Rs. 1,068
Single Pay: Rs. 3,060
Max: Based on Sum Assured, Policy Term, Gender & Premium Payment Option
In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.
DownloadIn case of life insured being permanently disabled due to accident, benefit is paid in installments.
DownloadRider 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)
DownloadDownload the brochure to know more about the plan and how it can benefit you.
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.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Terms & Conditions
Kotak Term Plan UIN No.: 107N005V06, Kotak Accidental Death Benefit Rider - UIN: 107B001V04, Kotak Permanent Disability Benefit Rider - UIN: 107B002V03, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02
This is a non-participating non-linked life insurance individual pure risk product. 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:
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
Ref. No.: KLI/24-25/E-WEB/1306
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
You may avail of tax benefits as per the Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
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