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.
Kotak Health Shield
Insurance against medical expenses related to heart, brain, liver and Cancer.
Individual Non-Linked Non-Par Pure Protection Life Insurance Plan
Kotak e-Term plan is a pure protection term insurance plan. It has been specially designed to provide the needed assurance and financial protection to your family.
Your family is your first priority. You strive to provide comfort, happiness, and security to your family, and you would want their future to be secure at all times.
Kotak e-Term Plan is a pure risk term insurance plan that is truly an economical means of providing you with a high level of protection. It offers lower premium rates to non-tobacco users and women. In case of policyholder’s untimely death, the beneficiary receives the death benefit as per the selected plan and payout option.
Kotak e-Term Plan also offers multiple plan options that enhances your coverage against accidental death or total and permanent disability. Further, you can also choose additional cover through Kotak Critical Illness Plus Benefit Rider upon paying an additional premium, thus ensuring a complete cover against unfortunate eventualities.
Kotak e-Term plan combines best-in-class features and comprehensive coverage. It is widely popular because of its competitive features.
Some key benefits of buying the Kotak e-Term plan include:
1. Nominal cost: Kotak e-Term plan offers extensive coverage at a very nominal cost. You can also get security against critical illness, accident, and disability at a price which will not hurt your budget.
2. Long-term coverage: Kotak e-Term plan offers a life cover up to 75 years.
3. Multiple options: Kotak e-Term offers multiple plan options to ensure you get the coverage of your choice:
4. Flexible payouts: Kotak e-Term insurance policy offers flexible payouts, including:
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.
5. Critical Illness Rider: With Kotak Critical Illness Plus Benefit Rider, the insured can claim the sum assured if diagnosed with any of the 37 listed critical illnesses.
6. Step-Up** Option: If you opt for Step-Up Option, your Sum Assured increases at specific important stages of your life.
7. Step-Down Option: This term insurance policy allows you to decrease the life cover when your liabilities reduce with age, subject to some terms.
8. Tax-savings: Under Section 80C of The Income Tax Act of 1961, the premium paid for a term insurance plan is exempted up to ₹1.5 Lakhs. Also, as per Section 10 (10D), the benefit received death is exempted.
Kotak follows a simple procedure and convenient, easy and quick documentation including:
1.Age Proof
2.Address Proof
3.Photo ID Proof
4.Income Proof
5.Passport size photos
Yes. Kotak e-Term plan covers all claims arising out of the death of the insured due to COVID-19.
You can now buy Kotak e-Term Plan online. You can pay through bank accounts via Net banking or debit cards.
Yes, women get discounted premium rate. While, smokers have to pay a little more premium than their non-smoking counterparts.
Riders are add-on benefits that you can opt-in to enhance your base policy. You can get the cover in addition to the life cover of your base plan.
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
Entry Age:
Regular, Limited & Single Pay
Premium Payment Term /Policy Term
Regular Pay | |
Premium Payment Term |
Policy Term |
Same as Policy Term |
Min: 5 Years | Max: 40 Years or 75 Minus Age at Entry |
Limited Pay | |
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 |
Single Pay | |
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 | |
Maturity Age:
Minimum: 23 years
Maximum: 75 years
Rider sum assured shall be payable in case the policyholder is diagnosed with any one of the 37 critical illnesses (subject to terms and conditions)
DownloadIn case the life insured is totally and permanently disabled due to 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
DownloadDownload the brochure to know more about the term plan and how it can benefit you.
Call our toll free number and our representative will help you buy the most suitable term insurance plan.
Say "Hi" to 93210 03007
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.
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/1108
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.
Section 41-
Extract of Section 41 of the Insurance Act, 1938 as amended from time to time states: (1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. (2) Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakhs rupees.
Section 45-
Fraud and Misstatement would be dealt in accordance with provisions of Section 45 of the Insurance Act, 1938 as amended from time to time.
Please visit our website for more details: https://www.kotaklife.com/assets/images/uploads/why_kotak/section38_39_45_of_insur ance_act_1938.pdf
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: www.kotaklife.com | WhatsApp: 9321003007
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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