Savings and Investments Plan (Kotak SmartLife Plan)

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term Plan

Protect Your family’s financial future with Kotak e-Term Plan. Know more

Kotak Assured Savings Plan

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

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more


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 SmartLife Plan

A Limited Pay Non-Linked Participating Life Insurance plan

You earn and work hard to accomplish your dreams and aspirations at every stage of life. In this journey, you will come across some unexpected financial commitments as well as planned ones like marriage; child education etc. During your golden years of retirement when income earning capacity reduces, it becomes even more difficult to fulfill these dreams and aspirations.

What if you have a support that will not only help you in fulfilling your dreams but will also take care of your near and dear ones in case you are not around …

To support you in this journey, Kotak Life proudly presents “Kotak SmartLife Plan”, a limited pay participating endowment plan which will provide you option either to receive Cash bonus payouts every year right from the end of 1st policy year onwards to take care of interim financial requirements or utilize such Cash bonuses for accumulating and creating a corpus to fulfill bigger goals and plan for a stress-free life.

Key Features

  • Offers Protection

    Offers protection up to the age of 75 years

  • Convenience of choosing Bonus options

    Convenience of choosing Bonus options: Cash Payout or Paid-Up Addition

  • Bonus Option

    Avail chosen Bonus option from end of 1st policy year onwards

  • Additional Protection Rider

    Additional protection through optional riders on payment of additional premium


  • Entry Age of Life Insured (as on last birthday)

    • Minimum:
    • 3 years
    • Maximum:
    • 50 years – 6 & 15 pay
    • 55 years – 8& 10 pay
    • 54 years – 12 pay

  • Maturity Age of Life Insured (as on last birthday)

    • 75 years
  • Policy Term

    • 75 years less Entry Age of Life Insured
  • Basic Sum Assured

    • Minimum: Rs. 2,50,000
    • Maximum: No limits, but it will be subject to Underwriting
  • Premium Levels

    • Minimum:
    • 6 Pay : Rs. 40,120
    • 8 Pay : Rs. 30,955
    • 10 Pay : Rs. 26,175
    • 12 Pay : Rs. 22,778
    • 15 Pay : Rs. 19,505
    • Maximum:
    • No Limits, subject to Underwriting acceptance

  • Premium Payment Term

    • 6, 8, 10, 12 and 15 years
  • Premium Payment Mode

    • Yearly, Half yearly, Quarterly, Monthly
  • Premium Modal Factor

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

Additional Protection with Optional Riders

  • Kotak Term Benefit Rider

    In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.

  • Kotak Accidental Death Benefit Rider

    In case of accidental death of life insured, rider sum assured will be paid along with death benefit under base plan.

  • Kotak Permanent Disability Benefit Rider

    In case of life insured being permanently disabled due to accident, benefit is paid in installments.

  • Kotak Life Guardian Benefit Rider

    In case of death of policyholder (if different from Life Insured), outstanding premiums are waived and paid by Kotak Life Insurance.

  • Kotak Critical Illness Plus Benefit Rider

    Rider Sum Assured shall be paid in part or whole, in case the Life Insured is diagnosed with any of the 37 Critical Illnesses (subject to terms and conditions)

Calculate premium

Enter a few details to calculate your premium instantly.

Calculate premium


Download the brochure to know more about the plan and how it can benefit you.

Need help with life insurance?

Request a Life Advisor

Select Plan
Select City

Get details of your policy on WhatsApp

Send a "Hi" to 93210 03007, from your registered mobile number.

Get in touch with our Customer Care team

Click Here

Call on retail toll free number 1800 209 8800
08:00 AM to 10:00 PM (Monday to Saturday)(excluding public holidays)

Call on toll free number for Group plans 1800 120 7856 - 10:00 AM to 6:00 PM (Monday to Friday)

Call our toll free number and our representatives will assist you with all your queries.

Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

Tax Benefits:

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. Goods and Services Tax and Cess as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

Terms & Conditions:

Kotak SmartLife Plan UIN: 107N102V02, Form No: N102, Kotak Term Benefit Rider UIN: 107B003V03, Form No.: B003, 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, Kotak Life Guardian Benefit Rider UIN: 107B012V02, Form No.: B012, Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02, Form No: B011. Ref. No.: KLI/19-20/E-WEB/500

This is a Savings-cum-Protection oriented Participating Endowment plan. Benefits under this plan are dependent upon the performance of the participating Funds. Please note that Bonuses are NOT guaranteed and may be declared by the company from time to time. For sub-standard lives, extra premium may be charged based on Kotak Life Insurance’s underwriting policy. This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure.


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.

Regn. No.:107, CIN: U66030MH2000PLC128503;

Regd. Office:

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

BKC, Bandra (E), Mumbai – 400051.



Toll Free No:1800-209-8800Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd under license.

Similar plans

  • Icon for Kotak POS Bachat Bima Plan

    Kotak POS Bachat Bima

    Kotak Life Insurance presents a simple savings and protection oriented plan, which provides all guaranteed benefits while giving life insurance cover – Kotak POS Bachat Bima.

    Know more
  • Kotak Ace Investment

    Kotak Ace Investment

    Kotak Ace Investment Plan is designed with the clear objective of helping you accumulate wealth and provide you adequate life cover.

    Know more
  • Kotak Premier Moneyback Plan

    Kotak Premier Moneyback Plan

    Kotak Premier Moneyback Plan is a limited pay plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and let you offer the best to your family.

    Know more
  • Improvement in the performance of investments

    Kotak Assured Income Accelerator

    Kotak Assured Income Accelerator ensures that you get Guaranteed Income every year on the same amount of savings and that the Guaranteed Income increases year on year.

    Know more
  • Other advantages of Kotak Life Insurance

    Kotak Wealth Optima Plan

    Kotak Wealth Optima Plan is a protection and savings oriented unit linked insurance plan. The plan provides life insurance cover to protect your family in case of your unfortunate demise. It also provides the flexibility of choosing premium payment term, investment strategy and investment horizon.

    Know more
  • Kotak Premier Endowment Plan

    Kotak Premier Endowment Plan

    Kotak Premier Endowment Plan offers Guaranteed Additions in the first 5 policy years and also works to provide you a corpus through continued bonuses.

    Know more
  • Kotak Classic Endowment Plan

    Kotak Classic Endowment Plan

    Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning bonuses during the policy term.

    Know more
  • Kotak Premier Income Plan

    Kotak Premier Income Plan

    Kotak Life Insurance presents Kotak Premier Income Plan a savings and protection oriented plan that provides Guaranteed Annual Income immediately after the premium payment term to provide you with an additional annual income.

    Know more
  • Kotak Single Invest Advantage Plan

    Single Invest Advantage

    Kotak Single Invest Advantage is a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term.

    Know more
  • Icon for Kotak Sampoorn Bima Micro Insurance Plan

    Kotak Sampoorn Bima Micro-Insurance Plan

    Kotak Sampoorn Bima Micro Insurance Plan is a single premium plan with fixed term of 5 years to cater to the needs of low-income customers.

    Know more
  • Kotak Invest Maxima Plan

    Kotak Invest Maxima

    Kotak Invest Maxima is an investment oriented unit-linked life insurance plan with maximum premium allocation and a Systematic Switching Strategy that allows you to enter the equity market in a systematic manner.

    Know more
  • Kotak Platinum

    Kotak Platinum

    Kotak Platinum is an investment plan with an unmatched combination of three investment strategies and flexibilities for complete control over your investments.

    Know more
  • Kotak Invest Maxima Plan

    Kotak Fortune Maximiser

    Kotak Fortune Maximiser is a limited pay participating endowment plan, which can be customized as per your requirement to help you achieve your life goals through multiple plan, payout & rider options. Your dreams are important and deserves to be fulfilled, therefore, life mein sirf #BadaSocho.

    Know more
  • Gauranteed Savings Plan by Kotak Life Insurance

    Kotak Guaranteed Savings Plan

    A Non-Linked Non-Participating Life Insurance plan

    Know more
  • Kotak Premier Life Plan

    Kotak Premier Life Plan

    Kotak Premier Life Plan is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires.

    Know more
  • Kotak Assured Savings Plan - icon

    Kotak Assured Savings Plan

    Kotak Assured Savings Plan is an affordable protection plan that enables you to accumulate wealth and strengthens your finances for the future.

    Know more
  • Kotak Single Investment Plan

    Kotak Single Invest Plus

    Kotak Single Invest Plus is a single premium unit linked plan where, by just paying once, you can reap benefits and also stay protected.

    Know more
{ "@context": "", "@graph": { "@type":"FinancialProduct", "name":"Kotak SmartLife Plan", "url":"", "category":"Savings & Investment Plans", "description":"Life Insurance policies offered by Kotak Life: Term Plan, ULIP, Savings etc. Choose the best life insurance for you and buy online life insurance to secure your loved ones today.", "brand":"Kotak Life Insurance" } },