Kotak SmartLife Plan
A Participating Non-Linked Life insurance Individual Savings Product
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 participating non-linked life insurance individual savings product 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
Offers protection up to the age of 75 years
![Convenience of choosing Bonus options]()
Convenience of choosing Bonus options
Convenience of choosing Bonus options: Cash Payout or Paid-Up Addition
![Bonus Option]()
Bonus Option
Avail chosen Bonus option from end of 1st policy year onwards on monthly or yearly basis
![Additional Protection Rider]()
Additional Protection Rider
Additional protection through optional riders on payment of additional premium
Eligibility
![Eligibility]()
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
![Eligibility]()
Maturity Age of Life Insured (as on last birthday)
- 75 years
- 75 years
![Eligibility]()
Policy Term
- 75 years less Entry Age of Life Insured
- 75 years less Entry Age of Life Insured
![Eligibility]()
Basic Sum Assured
- Minimum: Rs. 2,50,000
- Maximum: No limits, but it will be subject to Underwriting
- Minimum: Rs. 2,50,000
![Eligibility]()
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
- Minimum:
![Eligibility]()
Premium Payment Term
- 6, 8, 10, 12 and 15 years
- 6, 8, 10, 12 and 15 years
![Eligibility]()
Premium Payment Mode
- Yearly, Half yearly, Quarterly, Monthly
- Yearly, Half yearly, Quarterly, Monthly
![Eligibility]()
Premium Modal Factor
- Yearly – 100% , Half yearly – 51% , Quarterly – 26% , Monthly – 8.8%
- Yearly – 100% , Half yearly – 51% , Quarterly – 26% , Monthly – 8.8%
Additional Protection with Optional Riders
![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.
Download![Additional Protection with Optional Riders]()
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.
Download![Additional Protection with Optional Riders]()
Kotak Permanent Disability Benefit Rider
In case of life insured being permanently disabled due to accident, benefit is paid in instalments.
Download![Additional Protection with Optional Riders]()
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.
Download![Additional Protection with Optional Riders]()
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)
Download![Additional Protection with Optional Riders]()
Kotak Accidental Disability Guardian Benefit Rider
In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance
Download
Downloads
Download the brochure to know more about the plan and how it can benefit you.
Need help with life insurance?
Request a Life Advisor
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 for assistance
Call our toll-free number 1800 209 8800
(for retail or individual customers only). Timings : 08:00 AM to 10:00 PM (Monday to Saturday, excluding public holidays)
Our representatives are available to assist you with all your queries.
For NRI Customers
Contact No: +912267775000
Important Information:
*Call Charges Apply
Call Center Timings- 8am to 10pm(Monday to Saturday as per IST)
Get answers to the frequently asked questions.
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.
Terms & Conditions:
Kotak SmartLife Plan UIN: 107N102V04, Kotak Term Benefit Rider UIN: 107B003V03, Kotak Accidental Death Benefit Rider UIN: 107B001V04, Kotak Permanent Disability Benefit Rider UIN: 107B002V03, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02, Kotak Life Guardian Benefit Rider UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit Rider UIN: 107B011V02.
This is a Participating Non-Linked Life Insurance Individual Savings Product. 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. The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn’t construe any indication of future bonuses. These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses. Ref. No.: KLI/24-25/E-WEB/698
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.
Regd. Office:
Kotak Mahindra Life Insurance Company Ltd.
Regn. No.:107,
CIN: U66030MH2000PLC128503;
8th Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai – 400051.
Toll Free: 1800 209 8800
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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