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A term insurance policy provides life insurance coverage for a specific period of time in exchange of premium paid. This fixed period is known as the policy's 'term'. If the insured person passes away during the active term, a death benefit is paid to the nominees.
The payout helps your family manage important costs. It can cover various costs like household expenses, ongoing education fees, and any medical bills. ... Read more
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A term plan helps you lock in your family's financial security. If you pass away during the policy period, the plan provides a significant death benefit. This money empowers your family to manage household costs, eliminate debts, and fund their most important future goals.
The plan is pure protection for a fixed duration, which is why it offers significant coverage for an affordable premium. The payment structure is also flexible. You can pay the premiums in a single lump sum or break them down into monthly or quarterly payments. To give you an idea of the value, a ₹1 crore policy can cost as little as ₹15 per day.
This combination of affordability and simplicity makes a term plan the foundation of smart financial planning.
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A term insurance plan is a non-negotiable part of financial planning. It delivers security and peace of mind when your family’s future is on the line. These are the core reasons why you should buy Kotak e term plan:
Your income supports your family's daily life and their biggest goals. A term plan is the ultimate protection. It delivers a great payout designed to cover every essential cost like household bills and school fees, ensuring their life continues without any financial shock or disruption to their plans.
Your debts should not become your family's legacy. Liabilities like a home loan, car loan, or education expenses can become an impossible burden for your family to manage. A term life insurance plan delivers a lump sum payment that is more than capable of clearing these debts, which ensures the assets you acquired are not sold off.
Modern life comes with health risks that can create immediate and severe financial pressure. The financial support from a term plan is a direct countermeasure. Following a critical illness diagnosis, it provides a crucial lump sum of capital. This funding handles the crisis directly, protecting your family's long-term goals and keeping their savings intact.
The world is not predictable. The COVID-19 pandemic proved that financial preparedness is not optional. A contingency plan like COVID-19 term insurance becomes absolutely essential in these moments. It provides the immediate cash infusion your family needs to navigate any major crisis so that they can manage without financial stress or selling any assets.
Lifestyle diseases bring with them the risk of sudden, unplanned medical bills that can destabilize a family's finances. A strong term plan is the financial reinforcement you need. It provides the critical funds to manage these medical costs, ensuring your family maintains complete financial stability through any health challenge.
A standard term plan is just the start. Real protection is customized protection. You build a superior safety net by adding specific riders to your plan. Including coverage for critical illness, accidental death, or a waiver of premium creates enhanced, multi-layered protection from a single, efficient policy.
A term plan is a smart financial move. You get significant term insurance tax benefits. Your premium payments directly qualify for valuable deductions under Section 80C of the Income Tax Act, 1961. Furthermore, the death benefit payout your family receives is almost always tax-free under Section 10(10D).
When you buy term insurance, the process is straightforward. A death benefit is paid to your nominees if you pass away during the policy term. This payment is what keeps your family financially stable. An income replacement term plan works by providing steady financial support for their ongoing expenses, even when you are no longer there.
Your journey starts with a formal agreement between you and the insurance provider. This contract is the foundation of your protection. In exchange for your commitment to pay regular premiums, you receive financial coverage for a fixed term. Your term life policy will name you as the ‘life assured’ and state the insurer’s promise to pay a defined sum to your nominee should you pass away during the policy period.
The proposal form is a vital document where you list essential personal and financial information. You will be asked for your age, income, lifestyle habits, occupation, and medical history. The insurer uses this to make their decision. Being accurate and honest here is extremely important. It makes the underwriting process smooth and lowers the risk of any future claim rejection.
The right plan starts by adding up your family's real-world costs. Look at everything from loan payments and school fees to daily living expenses. This review is how you settle on the right coverage amount, policy length, and premium schedule. It is also the time to consider optional riders for extra protection. For instance, if you have significant long-term obligations, a ₹1.5 crore term plan could provide the security your family needs.
Once the insurer approves your application, they calculate your premium. Your coverage is not active until you make the first payment. That first payment is the trigger. You can choose a payment schedule that fits your budget with monthly, quarterly, or yearly options. This control makes managing the premiums straightforward and eliminates financial strain.
Your nominee is the person who receives the entire payout, no questions asked. This makes the choice of a trustworthy beneficiary incredibly important. You must keep their official details updated after major life events. A marriage or divorce requires an immediate update. This guarantees a fast and smooth money transfer when your family needs it most.
Your life cover needs to be at least 10 to 15 times your current annual income. You must then add the full amount of any large loans, like a home loan, plus the estimated future costs of your children's education. The final number should be enough to completely clear all debts and fully provide for your family's expenses.
You have control over how you pay your premiums. With "Regular Pay", you make payments for the entire policy duration. "Limited Pay" allows you to complete all premium payments in a shorter timeframe, such as 5, 10, or 15 years. Your coverage continues for the full term either way, but Limited Pay can create significant savings.
Riders give you extra, targeted protection. The Accidental Death Benefit rider provides a substantial additional payout. The Critical Illness rider gives you a lump sum payment immediately upon diagnosis of a serious illness. The Waiver of Premium rider is essential. It ensures your policy continues without any further payment from you if you become disabled.
Term plans have a few core, powerful features. They provide a massive life cover for a surprisingly low premium. You select the exact age you want coverage to last until (often up to age 70 or more). You can make premium payments monthly or yearly, and the final death benefit your family receives is completely tax-free.
Term life insurance is pure financial protection for your family. Its only job is to replace your income if you are no longer there to provide for them. You pay a small, regular premium. In exchange, the insurance company pays a large sum of money to your family if you pass away during the policy term.
Your term insurance must cover you until your major financial responsibilities are over. The baseline for coverage should be at least age 65, which is when retirement typically starts. Extending your coverage to age 75 or even longer is the correct strategy for leaving a guaranteed legacy.
| Parameters |  Kotak e-Term |
Traditional Plans |
|---|---|---|
| Plan Options | 3 Plan Options | Majorly 1 or 2 plan options |
| Affordability | Premiums start at just ₹15/day* | Differs from ₹20-25/day |
| Cost Savings | Up to 62%++ with 5-Year Limited Pay Option on total premium | Variable as per term |
| Discounts | Online discounts of up to 7.5% | Online discounts from 5-8% |
| Option to Exit the Plan | Yes | Allowed |
++The savings percentage is arrived by assuming the given scenario: 18-year-old healthy, salaried, non-smoker male opts for Life Option, Level Recurring Payout Option and Sum Assured on Death of ₹1 Crore. The annualized premium for a 67-year policy term with regular premium payment mode is ₹7,700, i.e., total premium paid is 7,700 X 67 = 5,15,900. The annualized premium for 5 years limited premium paying terms for the same scenario is ₹38,600, i.e. total premium paid is 38,600 X 5 = 1,93,000. Hence, the percentage savings is 62.59% [(i.e. 5,15,900 – 1,93,000) / 5,15,900].
Age is the single biggest factor that determines your term insurance premium. As you get older, the price for a new policy will increase. Buying the policy when you are young and healthy locks in the lowest possible rate for the entire term. For example, if you buy term insurance for father later in life, the cost is higher. Securing low rates early is the foundation of smart financial protection.
Your premium will account for any pre-existing health conditions like hypertension or diabetes. Even with these conditions, you can still find the right coverage. Specialized plans like term insurance for heart patients are designed for these situations. Buying your policy early is the best way to lock in favorable pricing.
Insurers use mortality risk statistics to help set life insurance premiums. Your age is a direct factor in this calculation. This is a standard, data-driven method used across the industry to determine the premium you will pay for your coverage. The higher the age, the higher the associated risk, and the higher the premium.
Delaying your term insurance purchase will lead to higher premiums over time. Every year you wait, the rate for a new policy increases. By investing in a policy early, you get the benefit of lower rates and can secure extended protection for your family when it is most needed.
Let’s say you buy a ₹1 crore term insurance plan. This is how your premiums will look based on the age at which you buy the plan:
Figuring out the right amount of term coverage is a critical step. The goal is to choose a sum large enough to completely protect your family from financial hardship. This is not a guess. There are proven methods to calculate the exact amount you need.
A straightforward method is to secure a term cover that is at least 10 to 15 times your current annual income. This is the absolute minimum. The payout replaces your income. It is the money that allows your family to maintain its lifestyle without compromise.
This is a more precise calculation of your economic value to your family. The formula uses your age, your annual income, and any current insurance policies. Use an online HLV calculator to get a specific, personalized figure for the right amount of term coverage.
The D.I.M.E. formula is a comprehensive way to calculate your exact needs. It stands for Debt, Income, Mortgage, and Education. You add up all your debts, your mortgage balance, and the future cost of your children's education. To this total, you add your annual income multiplied by the number of years you want to provide for your family. This formula will help you get a good enough idea about how much term cover you need.
100% Return of Premium on survival Life ROP and Legacy ROP plan options Cover 2 generations under 1 plan An additional 5% life cover for female lives Enhanced Protection with Riders Tax Benefits u/s 80C and 10(10D) Life Cover till 85 years for Life & Life Secure Option 3 Payout Options Special Rates for Women Option to exit the policy with a premium refund at the age of 60^ Special Rates for Non-Tobacco UsersFree Medical Check Up every 5th year^High Insurance Cover at economical priceSpecial Discount for Female Life#Instant Payout on claim intimation of ₹2 Lakh Longer Life Coverage up to Age 85 Years Inbuilt Health & Wellbeing Benefits Additional Discount for Salaried Customers Kotak Term Plan
Kotak Saral Jeevan Bima
Kotak Health Maximiser
Kotak Life offers a range of term insurance benefits built to secure your finances and protect your family. The coverage is powerful, and the features are adaptable. These plans are your shield against financial uncertainty.
Term insurance delivers massive coverage for a low premium. The younger you are when you buy, the lower your premium will be. That low rate is locked in for the entire policy, giving you decades of affordable protection.
The payout from a term plan is a guarantee. When the policyholder passes away, the nominee receives the full sum assured. This payment gives your family immediate financial certainty to manage all essential expenses without stress.
The death benefit can be paid as a single lump sum, a regular monthly income, or a combination of both. This gives your family the right kind of financial support when they need it the most.
Some term plans offer a return of premium features. This option refunds every premium you paid if you outlive the policy term. You get the full security of a life insurance policy, but with a savings component that ensures your investment is not lost.
You have complete flexibility over the policy term and the coverage amount. You can choose a small ₹5 lakh term insurance or ₹10 lakh term insurance for basic needs. For total protection against all of life's major expenses, you can secure a ₹3 crore term insurance policy.
A term plan is a tool for your financial future. It creates an income stream for your family, pays off estate taxes, and clears large debts. A powerful term life insurance plan, like a ₹2 crore term insurance policy, is the bedrock of your family's future security. For lifelong coverage, whole life insurance is the better choice.
Adding critical illness riders enhances your protection. These add-ons deliver a large, lump sum payment upon diagnosis of a major illness like cancer or a heart attack. That money pays for hospital bills and keeps your family's savings safe.
An accident can cause a lifelong disability and destroy your income. Disability insurance riders are your financial safety net. If you are unable to work, the rider pays out, covering your daily needs and medical care. It protects your family from financial collapse.
The core function of term insurance is to provide a massive lump sum payment if the insured person passes away. This money is a financial shield that empowers your family to maintain their living standard, eliminate all debts, and secure their future.
A term insurance policy is meant to protect your family, and a smooth claim process is a vital part of that promise. You can prevent the most common mistakes by following a few important guidelines when you purchase and maintain your policy.
When you fill out the application, you must be completely honest about your health, lifestyle, and income. An incorrect statement or a detail that is left out can, unfortunately, be a reason for the claim to be denied later.
For your coverage to continue, you need to pay your premiums on time. A policy will lapse after a missed payment, which ends your family’s protection. Setting up automatic payments from your bank is the most reliable way to avoid this.
Your nominee's information must be correct. Their name, relationship, and contact details have to be accurate and current. After major life events such as a marriage or divorce, this information must be updated immediately. The person also needs to be informed that they are your nominee.
Before buying any of the top term insurance plans, it is a good idea to read through the policy brochure. When you understand what the plan covers and what it excludes, you can avoid potential surprises for your family in the future.
Your insurer should always have your current contact information. If you move to a new address, change your phone number, or have a major health update, you should inform them promptly to prevent future claim delays.
Your application form needs to be filled out with accuracy and care. Before you submit it, it is a good practice to double-check that every field is complete. It is always best to use official documents for information rather than relying on memory.
If you are unsure about any part of your term plan, please feel free to ask questions. An insurance advisor is there to help you understand any specific terms or features you find confusing.
A term insurance plan is a versatile financial tool for providing comprehensive support to your family. This flexibility helps address a wide range of financial obligations, keeping your long-term plans for your family’s security on track.
A term plan can function as a dedicated fund to secure your children’s educational future. The payout helps cover rising tuition costs for school and university. Their academic goals can be achieved without the family having to take on significant debt.
The immediate costs associated with a funeral and other final arrangements can be substantial. The death benefit provides the necessary liquidity. Your family can manage these expenses with dignity and without the stress of using their savings.
For business owners, a term plan is a key component of a sound succession strategy. The payout injects vital capital into the business to cover operational costs and settle outstanding debts. This ensures a stable and orderly transition, protecting the enterprise you built.
The death benefit plays a significant role in effective estate planning. It provides the funds to settle all estate-related taxes and legal fees. Your assets are then transferred to your heirs intact, without your family being forced to sell property to cover these costs.
Most families carry long-term liabilities, such as a home loan or car loan. The term plan’s payout is designed to eliminate these outstanding debts, immediately relieving your family of that financial burden and securing their ownership of those assets.
A primary function of a term insurance plan is to replace the future income you would have earned. The payout becomes a steady source of funds. It helps your family maintain their standard of living, cover daily expenses, and continue pursuing their long-term financial goals.
The tax-free death benefit is the central pillar of a term plan. It is the lump-sum payment that empowers your family to address all of these financial challenges. This capital is the resource that funds their education, clears debts, and provides for their daily needs, ensuring their complete financial security.
A term insurance policy comes with important features that provide affordable and reliable financial protection for you and your loved ones.
While the low premiums make these plans lucrative, different payment methods add to the benefits and suit a wider range of policy buyers. You may pay the premiums yearly, half-yearly, quarterly, or monthly, depending upon your convenience, and even as a single premium term insurance.
Since term insurance policy premiums usually do not have any investment components, the premium you pay for buying a term policy is normally less, unlike other life insurance products. Again, when one purchases a term plan while young, it usually results in cheaper premiums.
Term insurance offers massive coverage against liabilities such as home loans, personal loans, and other debts. In the case of the untimely demise of the policyholder, this death benefit shall be used to help pay pending debts and, hence, save the surviving family members from the financial burden.
Other than Section 80C, the premium paid for any rider that covers health-related expenses, such as critical illness riders, is allowed as a deduction under Section 80D. This provides additional tax savings and makes a term insurance investment tax-efficient.
Most of the term insurance plans extend coverage up to a considerably high maturity age of 75 or even 100 years. This ensures long-term financial protection, peace of mind, and financial security for your loved ones, irrespective of when the event of death may occur.
These plans provide a term policy that offers a lump sum payout on the occurrence of any of the critical illnesses specified in the policy document. Such a payout can be availed to compensate for loss of income, medical expenses, and other financial expenses throughout the recovery period.
A term plan with return of premium feature pays back all the premiums if the policyholder survives the policy term. This provides a financial cushion and a certain savings element that was lacking in pure protection given by term insurance. This is an example of zero cost term insurance, where the policyholder benefits from risk coverage and savings.
Accidental death and disability cover riders provide extra benefits in the event of death or disability due to an accident. The accidental death rider provides an additional payout, while an accidental disability rider allows one to seek financial support in cases of permanent or temporary disability through the coverage of treatment expenses and loss of income.
Term insurance plans vary in terms of suitability to different needs and life events, and range from an initial basic cover to an expanded cover customized with riders. Below are the various types of term insurance policies that you can take into consideration:
Basic term insurance offers your beneficiary the death benefit in the event of any untimely death during the policy term. Whether you buy a 5 year term insurance, a 10 years term insurance, or a 15 year term insurance, the insurer will offer a payout if you pass away during this term. Otherwise, no proceeds will be given out at the end of the term.
An increasing term plan is a type of dynamic policy, where the sum assured amount grows progressively over the years. The death benefit can have an upper cap on the sum assured's growing amount. This policy, just like the basic term policy, does not give any maturity benefits but does have life coverage.
In decreasing term policies, the death benefit amount goes on declining gradually as the policy term is about to end. Such policies usually have affordable premiums because their core purpose is to cover some specific debt or loans.
In a TROP plan, you can get back all the premiums paid throughout the policy term after the plan expires. All the premiums are returned to you under this arrangement. TROP plans also provide a maturity benefit, apart from life coverage being provided if you survive the policy term.
Term insurance can be coupled with critical illness cover, where the policyholder or the beneficiary can receive a lump sum upon a diagnosis of a critical illness like cancer, heart attack, or stroke. This may assist in the expensive medical treatment of acute diseases.
This kind of term insurance comes with an accidental death rider, which means that the policyholder gets an extra payment if they die in an accident. The accidental death benefit is usually in addition to the basic sum assured, which means that it gives the policyholder's family extra financial protection in case of an accidental death.
A convertible term plan gives you the flexibility to switch to a permanent life insurance plan (like whole life or endowment) during the policy term. This conversion typically requires no additional medical exams, making it ideal if your financial responsibilities or protection needs evolve over time.
Two people, usually spouses or partners, are covered by a single joint life plan. The death benefit is usually paid out when the first policyholder dies, but some plans keep covering the survivor. It offers an affordable way to make sure that shared financial responsibilities are safe in case of an unexpected loss.
Term plans with riders provide added protection beyond basic coverage. Riders such as accidental death, critical illness, or premium waiver help address specific life risks. These customizations allow you to strengthen your policy’s effectiveness without purchasing multiple insurance products, all at an affordable additional premium.
Assuming you invest in a term insurance policy, it is worthwhile to choose the services of an insurer with a good track record of making claim settlements. Claim Settlement Ratio (CSR) is one of the key indicators that demonstrate how an insurer has made efforts to keep its commitment to its policyholders and their families. Kotak Life Insurance has also managed to have an impressive claim settlement track record, offering reassurance that your loved ones’ claims will be processed smoothly during difficult times.
According to the IRDAI Annual report 2024, Kotak Life Insurance Company has an individual Death Claim Settlement Ratio of 98.61 % and a group claim settlement ratio of 99.63%. The following is a glimpse into the claim settlement efficiency of Kotak Life Insurance in the previous couple of years.
| Year | Claim Settlement Ratio |
|---|---|
| 2024-2025 | 98.61% |
| 2023-2024 | 98.29% |
| 2022-2023 | 98.25% |
| 2021-2022 | 98.82% |
| 2020-2021 | 98.50% |
| 2019-2020 | 96.20% |
The younger one purchases the term policy, the less they have to pay in premiums. The younger individuals are considered healthier and have, in addition, a longer life expectancy; hence, they are less risky to insure.
Your premiums can be increased due to certain habits, such as smoking or drinking in excess. These lifestyle habits increase the risk to health and thus the insurance companies raise the premiums to deal with the expenses of possible claims.
Sum assured is the coverage you are provided at the time of your untimely death. To the extent that you opt to increase the coverage amount, the premium you will pay is escalated.
Occupation is another factor that can influence your premium. A high-risk job like working in construction, mining, or aviation can attract higher premiums as compared to a desk job.
As per the statistics, the life expectancy of women is longer as compared to that of men. Consequently, women tend to pay less premium compared to men for the same coverage.
Your premium can be higher, in case of any pre-existing health conditions or a history of serious conditions.
Policy term refers to the period of coverage you choose. The higher the policy term, the more the premium will be.
Rider benefits are extra features that are added to a policy, like benefits for critical illness or accidental death. These make your premium go up.
Premiums can also be increased if you engage in adventurous activities such as skydiving, scuba diving, or mountaineering. These activities are deemed to be hazardous, and insurers take into account the extra risk.
Let us take a look at who should buy a term insurance plan: anyone with financial dependents, such as parents, single individuals with senior parents, professionals with debts, or those nearing retirement.
Certain life events make it ideal to buy a term life insurance policy. You should consider getting insured under the following circumstances:
You should enroll when you are comparatively healthy, as you may be able to obtain low charges. It is prudent that you take term insurance at an early age in case you are vulnerable to any diseases or in case your family has a history of diseases.
Once you are married to someone or preparing to have children, you need to consider the financial stability of the ones you love. A term policy protects your partner and future children in the event of your death.
In case you have availed a home loan, car loan, or any major financial obligation, you should consider a term life policy. It brings the assurance that your family does not have to worry about paying debts without you around.
Having a child in your life is the most wonderful experience, as well as a heavy financial investment. A group term life insurance provides your family with extra security to cover costs such as education, medical costs, and expenses of day-to-day living.
Do you change jobs only to lose employer-sponsored life insurance cover? Such issues can be avoided by an individual term life policy, as it has consistent coverage and does not matter where you work.
If you are considering leaving an inheritance or ensuring that your assets are passed on smoothly to your loved ones, term insurance is a smart choice. It can provide the funds needed for estate taxes or other expenses.
In case it has been some years now since you got life insurance, it would be good to review your coverage. You might require more extensive protection due to changes in your family, your responsibilities, or an increase in your income.
I recently bought a Kotak Life Term Insurance plan online and received a special discount. The premium lowers from second year onwards, making their 1Cr E-Term plan very affordable. The whole process was fast and seamless, which made buying the plan really easy.
- Sameer Mere; 06/4/2025
I always thought term insurance wasn’t useful, but Kotak Life helped me realize that it’s about protecting the people I care about. One thing I specifically liked about the plan is the special exit option because if nothing happens by the time I’m 60, I’ll get back all the premiums I paid for. That made me feel secure.
- Pankaj Kumar; 04/06/2025
I bought a Kotak Life term insurance plan and received a special discount for women, along with access to the wellness app, Happy You. The app offers free doctor consultations and health tasks that earn redeemable points. This unique benefit is truly valuable, as I couldn’t find anything like it offered by any other company.
- Unmani Joshi; 06/4/2025
My experience with Kotak e-Term Plan from filling the proposal form to policy issuance has been smoother. Uploading documents is generally challenging, but it was quite easier with Kotak Life. Their portal is responsive and intuitive. Keep up the good work.
- Mukund Solanke
Buying a term plan was long due for me. I found Kotak Life, logged in on their website and I got a call from their agent. I checked my eligibility through their portal, got a quote for the premium and I was in. My family's financial security was now in my hands. Now my life is stress-free.
- Rahul Gupta
Buying a term plan online sounded like a challenge as I am not used to buying critical insurance plans online. I came across Kotak Life when someone at work recommended to buy their Kotak e-Term plan. The plan is very simple, offered me plan options and I knew exactly that this was the right plan for me.
- Pranjal Gusain
I have a good financial portfolio but there was one thing missing, a term plan. I wanted to buy term plan was to ensure my spouse's financial future and keep her ready for any financial liabilities in my absence. After considering different plans, I finalized Kotak e-Term plan since it aligned perfectly with what I was looking for.
- Shehzan Merchant
Be it my family's financial future or my little one's happiness, Kotak e-Term plan helped me secure all of it in one insurance plan. They have affordable premiums, good life cover and some rider options that helped me manage many things at once. I strongly recommend you to buy a Kotak e-Term plan asap.
- Apurva Amod Gadikar
I was looking for a term plan when I came across the Kotak e-Term plan and used their portal to calculate premium. They have a simple portal where you enter the information and get a quote. Beyond that, I just enjoyed the fact that their journey is easy to follow and their call centre team assists if you are stuck somewhere.
- Anil Kumar G
Kotak e-Term plan was one of the recommended term plan while I was researching about the same. The service by the call centre agents was good. Also, their online portal is perfect. The Kotak e-Term plan helped me to become stress-free about any financial liability that might fall on my family, after me.
- Apurva Amod Gadikar
Kotak e-Term plan was a term plan I came across in an ad while surfing social media. I could not find a better term plan. It is affordable and they have good service centre agents who help you with everything kindly and patiently. Buy a term plan if you want to live a stress-free life, save taxes and ensure your family's finance is in good hands.
- Rajaganesh Rj
A term plan is one of the insurance policies everyone should have, as per me. I bought Kotak e-Term plan and paying premiums for a year or more. The best part is it offered me flexible premium payment options that aligned with my financial commitments. Plus, they have different plan options that makes it easier for choosing the right cover as per your needs.
- Jayant Mohanrao Gaikwad
Booking a term plan online provides a comfortable and convenient way to get the top term insurance plans available, along with easier processing and accessibility. Here is why it is a smart choice:
With so many insurance companies and innumerable policy options available in the market, choosing the best term policy seems to be a difficult and confusing task. You need to check and compare various factors before choosing a term life insurance policy from a particular insurer. Here is how you should proceed:
The sum assured forms the core of your term insurance plans. It is the amount that your family receives in case of your untimely demise. Choosing an adequate sum ensures your loved ones can meet existing liabilities, maintain their lifestyle, and achieve future goals without financial hardship.
Assess your insurance needs based on your age, income, dependents, and financial goals. Young professionals may need lower coverage, while individuals with families and liabilities should consider a higher sum assured for better protection.
Choose a policy tenure based on term insurance age limit, your financial liabilities, and goals. For instance, if you're in your 30s with young children, opt for a longer tenure that covers you until they become financially independent, ensuring their needs are secured even in your absence.
The sum assured is the payout your family receives upon your death. It should match liabilities and future income needs. A higher sum assures better protection but increases premiums. Balance your family's financial needs and premium affordability to choose an appropriate coverage amount.
Term insurance allows premium payments on a single, yearly, or monthly basis. Choose a frequency that matches your income flow. For instance, select monthly if your income is steady or yearly if irregular. This alignment helps you maintain the policy comfortably and without financial stress.
Carefully review policy terms to understand exclusions, waiting periods, and the term insurance grace period. To understand the policy better, try searching for what is term insurance in Hindi. Being informed helps avoid surprises during claims and ensures that your coverage matches expectations and responsibilities.
Buy term insurance from insurers with a high Claim Settlement Ratio^, which shows their claim-paying reliability. A higher ratio indicates trust and consistent approvals. Kotak Life, for instance, has a ratio of 98.29%, making it a trustworthy choice for claim resolution and long-term support.
Riders are optional add-ons to term insurance, such as critical illness, accidental death, and waiver of premium. These enhance your plan's coverage and offer extra financial support. Choose riders that suit your lifestyle and future risks to make your term insurance plan more comprehensive and reassuring.
Before making a final decision on the best term policy, you should compare multiple quotes from different insurers. Premium rates, coverage options, and riders can vary significantly from one provider to another. By comparing different plans, you can ensure that you are getting the most cost-effective solution that aligns with your needs.
The solvency ratio* indicates an insurance company's ability to meet its financial obligations. A higher solvency ratio means better financial stability. Kotak Life Insurance has a solvency ratio* of 2.45% in FY 2023-2024, showcasing its strong financial position and reliability to meet claims.
Assess the insurance provider's service quality, such as customer support, efficiency in the process of claim, and ease of accessibility to information about the policies. You should choose the insurance companies that support the policyholders with online services so that you can easily and conveniently manage your policy.
Term insurance offers various payout options, like lump-sum or monthly payouts. Monthly payouts assist with regular expenses, while lump-sum payouts help settle debts or fund large investments. Choose the option that suits your financial needs for better long-term security. We have got you covered. Check Premium
Kotak Life Insurance offers riders to enhance your base term policy. They provide powerful benefits in specific situations. Here are three riders to consider for superior coverage:
This rider waives the future premiums on certain occasions when the policy owner is permanently disabled due to an accident or sickness. The policy will continue to work, and the sum assured will get paid in a calculated manner. It gives economic security and durable insurance in case the income-earning ability of the insured person is affected.
An accidental death benefit rider is an add-on that pays an extra amount of money to the nominee in case the policyholder dies in an accident. This money is over and above the base sum assured, offering an added financial help to the family against unforeseen circumstances.
This policy covers the medical bills if the insured person gets a critical illness, such as cancer, a heart attack, or a stroke. A diagnosis triggers a one-time lump sum payment. The money can then be used for medical treatments, lost income, or any other costs during their recovery.
List of covered critical illnesses::
Your term insurance premium depends on a number of factors that include your age, your health status, lifestyle, and the features of the policy. You can adjust your premium by making wise decisions while still keeping the same coverage. These effective methods will help you cut your term insurance cost:
Purchasing a term insurance plan when you are young secures a low premium and can provide you with longer coverage. Insurance providers view the younger members as their best deals since they are less of a risk. A 25-year-old male in good health may perhaps pay ₹9,500~ per annum on a sum assured of ₹1 crore. One who is 35 years old may pay ₹15,000~ for the same plan.
Your lifestyle and health records directly affect your insurance policy rate. Simply by not smoking or drinking alcohol and ensuring that you are fit, you can reduce your insurance costs by a huge margin. An example would be that a smoker may pay twice the amount a non-smoker pays as a premium. In addition, by controlling conditions such as diabetes or hypertension, you will be able to secure lower premiums during underwriting as well.
Choose the sum assured on the basis of financial liabilities, such as loans, the education of your children, and monthly expenditures. You can estimate this using tools such as term insurance premium calculators. A ₹1.2 crore plan would come at around ₹23/day~, and a ₹2.5 crore plan would be around ₹39/day~, depending on your age and health factor.
This displays how a higher sum assured, which has been carefully calculated, can be affordable, especially when you purchase early and make the right choice in time. Also, choosing a longer term of premium payment with a specific retirement age in mind can help you sustain a lower amount of premium.
Internet plans have cut the middlemen, lowering the insurer costs of operation. Often these savings are reflected to the policyholders in the form of lower premiums. It is also a good financial choice since many insurers provide discounts on first-year premiums with an online application.
If you are interested in simplified processes and low rates, you can also find term insurance without medical tests online. These plans are meant to satisfy those who want a faster issuance with no medical formality, but they can be restricted in terms of coverage and usually have lower limits.
Premiums, riders, and terms vary across insurers. Use trusted comparison tools to evaluate options side-by-side. Comparison assists you in identifying policies that will provide the maximum benefits at the lowest cost without undermining crucial aspects of the policy.
While term insurance riders like critical illness or accidental death benefits provide added coverage, they also increase your premium. Select only the riders that fit your lifestyle and risk profile. For instance, if you frequently travel by road, an accidental death rider may be justified; otherwise, it can be skipped to save on costs.
Opting for annual payments instead of monthly or quarterly modes often comes with built-in discounts. Over the years, these savings add up. For instance, if your monthly premium is ₹850~, you would pay ₹10,200~ over a year. But with an annual payment mode, the premium might be reduced to ₹9,600~, resulting in a yearly saving of ₹600, or nearly 6%.
Many believe term insurance for family is a waste of money because it doesn't provide cash value. However, its primary purpose is to offer financial protection to your family through a death benefit.
People often think health insurance covers all needs. While it pays for medical expenses, it doesn't provide financial support to your family if you pass away. Term insurance specifically secures your family’s financial future.
Insurance companies offer term insurance for smokers as well as for those who have existing health issues. However, such individuals should disclose all information while buying the plans and may be required to undergo additional medical tests.
There’s a common belief that term insurance premiums are high. In reality, term insurance is one of the most affordable life insurance options, especially for younger individuals in good health.
Some delay purchasing term insurance, thinking they can buy it later. However, premiums increase with age, and health issues may arise, making it more difficult or expensive to get coverage later.
Many assume only the primary income earner needs insurance. In reality, anyone contributing to the household, whether financially or through caregiving, should have coverage to protect their family’s standard of living.
Choosing the right term insurance policy period depends on your age and financial goals. Here’s how to decide the ideal duration.
When it comes to protection regarding the financial future of our loved ones, term life insurance offers indispensable security. You would need to understand the different available payout options in order to arrive at a suitable decision. You can choose one of the following payout options for your term insurance cover:
In the case of one-time lump-sum payment option, your nominee gets the outstanding amount in a single installment. So, if you choose ₹75 lakh term insurance, for example, the entire amount of ₹75 lakh will be paid to your nominee once their claim has been processed.
This option combines a one-time lump-sum payment and consistent income. For example, in a ₹25 lakh term insurance, ₹10 lakh can be paid upfront as a lump sum, while the rest ₹15 lakh is distributed in fixed monthly or annual installments over a particular time frame.
A part of the death benefit is provided to the beneficiaries as a lump sum, along with regular monthly payments, which increase with time. Such plans provide a higher payout in the later years, thus catering to inflation and increased living costs.
While the coverage of term insurance is broad, it is essential to understand the specific situations that are covered and the exclusions that may lead to a claim being denied.
In most cases, a term insurance policy will pay the death benefit to the nominee regardless of the cause of death. Here are the common scenarios covered:
Insurers include specific exclusions to prevent fraud and manage risk. A claim may be rejected under the following circumstances:
Having the right documents ready is key to a smooth term life insurance claim process. Here is what you need to prepare:
The official death certificate is the primary document. It confirms the policyholder's passing and is issued by a local municipal authority.
You need the original term life insurance policy document. All policy details are here. It contains the terms, sum assured, and the nominee's information.
The deceased policyholder’s identification is required. An Aadhaar card, PAN card, or passport will work. This verifies their identity.
If death was due to an illness, medical records are necessary. The treatment history validates the claim by giving details about the sickness and its progression.
For an accidental or unnatural death, a police report or FIR is required. This document verifies the circumstances of the death.
The nominee must prove their own identity. An Aadhaar card or voter ID is needed to establish who they are and their right to the claim.
You must give the nominee’s bank account information. A canceled cheque or a copy of a bank passbook is required. This allows for the direct transfer of the claim payment.
A document is needed to prove the link between the policyholder and nominee. A marriage certificate or birth certificate is standard.
Some insurers might ask for more paperwork. A post-mortem report or an employer’s certificate might be requested in certain cases.
Choosing a term plan is not just about the premium. You have to match the policy to your income, life stage, and responsibilities. The right term insurance plan protects your family with sufficient coverage for the correct amount of time. Below are three powerful ways to find a plan tailored to you:
The correct policy term keeps your family secure through all key life stages. Choose a duration that lasts until major debts are gone. Your home loan should be paid off, and your children's education funded. Common term options to consider:
Age has a huge impact on your premium and options. Starting younger gives you access to cheaper and more flexible plans. These are typical plans based on age:
Your salary dictates the right sum assured. Your goal is to maintain your family's lifestyle. The rule of thumb is to get coverage that is 10 to 15 times your yearly income. This amount ensures your family can handle future costs without worry. Examples based on income:
There are common exclusions that apply to most term life insurance policies.
Most term insurance policies do not cover the deaths caused by the insured themselves. If the policyholder passes away because of their own choice/decision within the first 12 months of purchasing the policy, the claim is not payable. After this initial phase, such cases are usually covered, depending on the insurer's terms.
Example:
If a person passes away due to self-inflicted injuries, personal distress or self-harm within the first year of policy issuance, their nominee will not be able to claim the death benefit.
Insurers mostly do not cover deaths caused due to excessive alcohol consumption or substance misuse. The reason behind this is that these are considered avoidable risks.
Example:
A policyholder dies in a car crash while driving over the legal alcohol limit. In this case, the insurer may reject the claim.
When you are buying a policy, it is vital that you declare all your health conditions honestly to your insurer. If a death happens due to an illness that was kept hidden at the time of application, the insurer can reject the claim because it counts as misrepresentation.
Example:
A policyholder with a known heart condition fails to disclose it. If they die from heart failure, the insurer can deny their claim.
Any death that happens while committing an unlawful act is excluded from coverage. Insurers treat this as a high-risk situation that falls outside the scope of protection.
Example:
An individual loses their life while committing a robbery. Then in that case, the insurance company will exclude the claim because of the illegal activity.
Term policies exclude coverage for self-inflicted injuries. An intentional act of harm that leads to death means the benefit will not be paid.
Example:
The policyholder dies from injuries they deliberately inflicted on themselves. The claim will be denied.
Policies have a time limit for filing a claim. A nominee usually has around 90 days after the death. If they miss this window, the insurer may reject the claim.
Example:
If the nominee submits the claim long after the deadline, the insurer might not release the benefit amount.
It depends on the payment option that you choose. You can opt to "pay regularly" throughout the policy term, or "pay for a limited period" (like 10 or 15 years), which coverage continues for the full term, or even "pay once at the start" with a single premium. Your coverage can last up to the age limit offered by your insurer (ideally 75 to 85 years), even if you stop paying earlier under limited pay.
Your premium is a direct calculation based on your age, the coverage amount, policy length, and your health. Insurers offer online calculators that provide a quick and accurate estimate.
You can use any standard online payment method. Net banking, debit and credit cards, and UPI are all accepted directly on the insurer's website or mobile app.
A good term plan has payment flexibility. You have options to pay your premiums annually, semi-annually, quarterly, or monthly.
The insurance company sets the final premium. The premium is fixed by calculating your personal risk based on factors like your age, lifestyle and medical history.
This is a strategic choice based on your financial situation. Limited pay plans have higher premiums but are finished in a shorter period. Regular pay term insurance plans spread smaller premium payments over the entire policy term.
The most simple definition of tenure is the number of years that the term insurance covers you. It may be between 10 years to 40 years. To finalise a duration that works for you, assess your needs and goals. For example, most individuals buy a coverage that expires when they retire or when their children grow and can support themselves.
Yes, many policies allow you to change the sum assured. An increase in coverage will also mean a higher premium. Certain term plans also let you reduce the sum assured if your financial needs decrease later on.
Yes, you can cancel your term insurance policy. But, in a regular term plan, you will not get back your premiums after cancellation. The only exception is if you have a "return of premium" plan, where the premiums may get refunded at maturity. It is always best to check with your insurer for the exact cancellation process.
A critical illness rider is a powerful add-on. It pays out a large lump sum of cash if you are diagnosed with a covered major illness like a heart attack or cancer. This amount can be used for recovery, treatment costs, or any other financial needs.
Riders are optional but provide essential protection. For example, a critical illness rider or accidental death rider can provide you extra financial support during difficult situations.
The premium for a rider is calculated separately. It depends on the type of rider, the amount of coverage it provides, your age, and the policy term. The insurer provides an exact quote for any rider you add.
A rider is built to handle specific risks like a critical illness or a major accident. This adds another layer of financial defense and makes your coverage much more powerful.
Yes, smokers can buy term plans. Insurers have specific policies for smokers, but the premiums will be higher. The rate is higher because smoking is a major health risk.
This requires you to assess your financial and personal objectives. Term insurance offers a high cover at a lower cost. This is ideal when you want maximum financial protection for your family. On the other hand, traditional life insurance combines protection with savings or investment benefits, but the coverage amount is lower compared to term plans.
No, buying a rider is not a requirement. It is an optional enhancement to your basic policy. Riders are add-ons that you can choose to include for extra coverage based on your personal needs and risk assessment.
Yes. Most insurers offer an accidental death benefit rider. You can easily add this to your term insurance policy. This rider provides a significant additional payout to your family if your death is the result of an accident.
A standard term plan does not cover critical illnesses. You must add a specific critical illness rider. This add-on provides a lump sum cash payment if you are diagnosed with a covered illness during the policy term.
Disability is not automatically covered when you get a normal term insurance plan. To get this protection, you need to add a disability rider. This ensures your financial protection and provides you the necessary support if an accident leaves you permanently or partially disabled and affects your ability to earn.
If you buy a term plan, the premiums that you pay for the insurance qualify for tax deductions under Section 80C of the Income Tax Act. Moreover, the payout that your family gets is tax-free under Section 10(10D). For further information and personalised guidance, it's always best to consult a tax advisor.
Yes, most plans in India cover death by suicide after a waiting period. The waiting period is typically one year from the policy start date. Check your personal policy document for the exact clause.
To file a term insurance claim, the nominee needs to first notify the insurance company about the policyholder's death as soon as possible. Then, they must provide the requested paperwork and documents. Once they have submitted the claim form, the insurer verifies the details and might ask for additional information if required. Upon final assessment, the insurer will release the claim amount to the nominee's account.
If the life insured passes away during the policy term, the insurance company pays the full death benefit to the designated nominee.
When your policy term ends, your life coverage also ends. Unless your plan has a return of premium option, the policy ends without any payout or advantages.
For a pure term plan, there is no payout if you survive the policy. If you outlive the plan, there is no maturity payout. The only exception is if you have chosen a “return of premium” plan, where the premiums you paid are refunded.
No. A standard pure-term plan has no maturity benefits. The death benefit is its only function. With a return of premium feature, however, you get your paid premiums back once the term ends.
If your chosen nominee has passed away for any reason, you should update the nomination as soon as you can. This makes sure that in your passing, the insurance benefit goes smoothly to the right person without any legal complications or delays.
Yes, a claim can absolutely be rejected. The most common reasons are providing incorrect information on the application form or if the cause of death is listed as an exclusion in the policy. Complete and honest disclosure when you buy the policy is the best way to prevent a rejection.
Upon the passing of the policyholder, the nominee notifies the insurance company of their death. Then they submit all required paperwork, like the death certificate and claim form. The insurer then reviews the documents and proceeds with the payment after the final assessment.
Yes, you can. Most insurance providers let you update/change your nominee at any time during the policy term. All you need to do is submit a written request or form to the insurance company. Make sure that the updated nominee details are officially recorded in the insurer's system to avoid any disputes or delays during claim settlement.
If you miss your premium payments, your policy will lapse and your coverage will end. Most plans have a 30 to 60-day grace period for payment. A claim might still be honored if you die during this period. Reinstating a lapsed policy is sometimes possible, but it requires paying all overdue premiums.
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.
Tax Benefits and Disclaimers
*Tax benefits are subject to conditions specified under the Income-tax Act, 1961. Tax benefits are subject to change as per tax laws. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
The example is for a non-smoker healthy male aged 25 year old; Plan: Life; Payout Options: Immediate Payout; PPT: 35 years (pay till age 60); PT: 50 years (cover till age 75); Salaried or non-salaried: Non-salaried
Claim Settlement and Solvency ratio*disclaimer:
^Figures arrived are basis the company's latest annual audited figures for individual death claims for FY 2024-25
*https://www.kotak.com/content/dam/Kotak/investor-relation/Financial-Result/QuarterlyReport/FY-2025/q4/investor-presentation/Q4FY25_Investor_Presentation.pdfGet 1 Crore Life Cover @₹15/day*Disclaimer:
≈The above illustration is for a 18-year-old healthy male, non-smoker who has opted for the Life Option with a 40-year policy term with regular premium payment mode, Level Recurring Payout Option and Sum Assured on Death of Rs.1 Crore. The per day premium is Rs.15 [Rs. 5,400 Annualized Premium / 365 days = Rs. 14.79].
Get 1.5 Crore Life Cover @₹22day*Disclaimer:
≈The above illustration is for an 18-year-old healthy male, non-smoker who has opted for the Life Option with a 40-year policy term with regular premium payment mode, Level Recurring Payout Option and Sum Assured on Death of Rs.1.5 Crore. The per day premium is Rs.22 [Rs. 8,100 Annualized Premium / 365 days = Rs. 22.19].
Get 2 Crore Life Cover @₹30/day*Disclaimer:
≈The above illustration is for an 18-year-old healthy male, non-smoker who has opted for the Life Option with a 40-year policy term with regular premium payment mode, Level Recurring Payout Option and Sum Assured on Death of Rs.2 Crore. The per day premium is Rs.30 [Rs. 10,800 Annualized Premium / 365 days = Rs. 29.59].
Get 5 Crore Life Cover @₹67/day*Disclaimer:
≈The above illustration is for an 18-year-old healthy male, non-smoker who has opted for the Life Option with a 40-year policy term with regular premium payment mode, Level Recurring Payout Option and Sum Assured on Death of Rs.1.5 Crore. The per day premium is Rs.67 [Rs. 24,500 Annualized Premium / 365 days = Rs. 67.12].
Get 75 Lakh Life Cover @₹16/day*Disclaimer:
≈The above illustration is for an 18-year-old healthy male, non-smoker who has opted for the Life Option with a 40-year policy term with regular premium payment mode, Level Recurring Payout Option and Sum Assured on Death of Rs.1.5 Crore. The per day premium is Rs.16 [Rs. 5,775 Annualized Premium / 365 days = Rs. 15.82].
Get 51 Lakh Life Cover @₹11/day*Disclaimer:
≈The above illustration is for an 18-year-old healthy male, non-smoker who has opted for the Life Option with a 40-year policy term with regular premium payment mode, Level Recurring Payout Option and Sum Assured on Death of Rs.1.5 Crore. The per day premium is Rs.11 [Rs. 3,927 Annualized Premium / 365 days = Rs. 10.75].
The Above premium figures are exclusive of Goods and Services Tax and cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums. The channel selected is Online.
Instan Payout on Claim Intimation
#In case of death of the Life Insured after completion of three (3) consecutive Policy years, from the Date of Commencement of Risk or the date of Revival of the Policy; and subject to the Policy being in force, the Insurer shall endeavour to pay an amount of ₹ 2,00,000 in advance (out of the Death Benefit payable) to the Claimant within two (2) working days from the claim registration date (subject to submission of all required mandatory supporting documents as specified above). Thereafter, the remaining balance amount of the Death Benefit shall be payable to the Claimant once the Death Benefit claim is found admissible by the Insurer as per the terms and conditions mentioned in this Policy document.
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.
Kotak Gen2Gen Protect UIN: 107N132V02, Kotak Permanent Disability Benefit Rider - UIN: 107B002V03, Kotak Critical Illness Plus Benefit Rider - 107B020V02, Kotak Accidental Death Benefit Rider - UIN: 107B001V04. This is a non-participating non-linked life insurance individual savings 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.
Kotak e-Term UIN: 107N129V03, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V02, Kotak Permanent Disability Benefit Rider UIN No.: 107B002V03. 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.
Kotak Signature Term Plan UIN: 107N139V01.Kotak Permanent Disability Benefit Rider - UIN: 107B002V03, Kotak Critical Illness Plus Benefit Rider - UIN: 107B020V02,Kotak Accidental Death Benefit Rider – UIN: 107B001V04. 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.
Kotak Term Plan UIN: 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.
Kotak Saral Jeevan Bima UIN: 107N120V01. 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.
Health Maximise UIN: ZUKHLIP24026V022324 is a Combi Product with both protection & health benefits, where protection benefits are being offered by Kotak Mahindra Life Insurance Company Ltd. under Kotak Term Plan - UIN 107N005V06 and health benefits are being offered by Zurich Kotak General Insurance Company (India) Limited under Health Premier – UIN ZUKHLIP23109V052223. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
This website content only gives the salient features of the plan.
*Get your premiums back through Special Exit Value, under your policy, if your policy term is:
40 years: Earlier of 25th policy year OR during the policy year, when you attain 60 years
> 40 years: Earlier of 30th policy year OR during the policy year, when you attain 60 years
5% Discount on Salary Infographic Disclaimer:
The 5% discount is only on the first year of the policy.
**Free Medical Checkup every 5th year starting from 5th policy year onwards
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, Misstatement and Forfeiture would be dealt with 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_insurance_act_1938.pdf
https://www.kotaklife.com/assets/images/uploads/why_kotak/section38_39_45_of_insurance_act_1938.pdfKotak Mahindra Life Insurance Company Limited Reg No. 107 | CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Toll Free: 1800 209 8800 | Website: https://www.kotaklife.com | Email: kli.in/WECARE ARN No: KLI/25-26/E-WEB/1219.
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