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A Non-Participating Non-Linked Life Insurance Individual Pure Risk Product
High Insurance Cover
Special Discount for Female Life
Instant Payout on claim
Longer Life Coverage up to Age 85 Years
Pay ₹25,000 p.a. for 20 years$ &
Get Life Coverage of ₹ 2 Crore for 20 years of Policy Term
Introducing – Kotak Signature Term Plan, a solution that offer high life cover with affordable premiums, ensuring that every achievement remains safeguarded for generations to come - Your legacy deserves vigilance, not compromise.
Our Kotak Signature Term Plan product is thoughtfully crafted for those who value precision and peace of mind. It empowers you to protect what you’ve built, so your loved ones can thrive—unburdened by life’s unpredictable challenges -Fortify Your Legacy, Ensure Their Tomorrow.
Get substantial life coverage, starting from ₹2 Crore, at an economical price. This ensures maximum financial protection for your loved ones in case of an unfortunate event.
There would be a special discount of 16% throughout the premium paying term applicable for female life insured.
There would be an additional discount of 5% in the 1st policy year for Limited & Regular Payment Option and 1% for Single Premium Payment Option applicable for salaried customers
A Special Exit Benefit shall be payable to you, where the Total Premiums paid* plus underwriting extra premiums paid if any, shall be returned if you terminate the policy and a five years’ time period to avail this option.
Get a quick ₹2 Lakh advance payment for eligible claims, typically within two working days of registration, after three years of policy coverage
Freedom to choose how long you want to pay premiums—either for a limited period or throughout the entire policy term. This allows you to select a payment plan that fits your budget and long-term financial goals, giving you more control over how you manage your savings
Enhance your coverage with an Accidental Death Benefit and add Permanent Disability or Critical Illness riders for complete protection against life's uncertainties.
The Kotak Signature Term Plan provides long-term coverage up to age 85, securing your loved ones' financial future well into your advanced years.
The Life Insured shall be eligible to avail health & wellbeing benefits such as telemedicine consultation/ personal medical care & lifestyle management programs, emergency response service, home health care and pharmacy access.
| Minimum | Maximum |
|---|---|
| 18 years | 65 years 50 years -For pay till 60 years |
| Minimum | Maximum |
|---|---|
| 23 years | 85 years |
| Premium Payment Term | Policy Term |
|---|---|
| Same as policy Term | Minimum : 5years |
| Maximum:Highest of 40 Years or 65 Years less Age at Entry or 70 Years less Age at Entry or 75 Years less Age at Entry or 85 Years less Age at Entry |
| Policy Term | ||
|---|---|---|
| Premium Payment Term | Minimum | Maximum |
| 5 Pay | 10 years | Highest of 40 Years or 65 Years less Age at Entry or 70 Years less Age at Entry or 75 Years less Age at Entry or 85 Years less Age at Entry |
| 7 Pay | 12 years | |
| 10 Pay | 15 years | |
| 15 Pay | 20 years | |
| Pay till 60 Years (Minimum Premium Payment Term of 10 Years) | 15 years | |
| Premium Payment Term | Policy Term |
|---|---|
| Single Premium(One Time Payment) | Minimum : 5years |
| Maximum:Highest of 40 Years or 65 Years less Age at Entry or 70 Years less Age at Entry or 75 Years less Age at Entry or 85 Years less Age at Entry |
Regular, Limited and Single Pay
Yearly, Half-Yearly,Quarterly and Monthly
Minimum: ₹ 2,00,00,000
Maximum: No limit, subject to Underwriting Policy
Know more about the plan and how it can benefit you.
Kotak Signature Term Plan is a non-participating, non-linked pure risk life insurance plan that provides affordable and high-level protection to your family in case of your unfortunate demise.
Yes, you can enhance your coverage with three optional riders:
The policy term can vary, with a minimum of 5 years and maximum of 67 years.
In case of death during the policy term, the nominee will receive the Sum Assured on Death as per the payment option selected that is Single / Regular / Limited and Instant payout on claim intimation ₹2 Lakh.
Sum Assured on Death shall be higher of the following:
For Regular and Limited Premium:
For Single Premium
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, we shall endeavor to pay an amount of ₹2 Lakh in advance to the Claimant within two (2) working days from the claim registration date.
The plan also offers a Special Exit Value if you decide to terminate the policy after a specified period, where the Total Premiums paid plus underwriting extra premiums paid if any, shall be returned if you terminate the policy. The policyholder only has a five years’ time period to avail this option commencing from:
If your policy lapses due to non-payment of premiums, you can revive it within five years by paying the outstanding premiums along with interest and providing medical evidence of continued insurability.
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.
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.
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.
$The 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 Above is an illustration of the benefits payable 30 years old male for a policy term of 20 years and premium payment term of 10 years with the annual premium of ₹25,000 and a Sum Assured of ₹200,00,000. @Annualized Premium shall be the premium amount payable in a year chosen by the policy holder, excluding the taxes, rider premium, underwriting extra premiums and loadings for modal premium, if any.
Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai- 400 051. Website: www.kotaklife.com | WhatsApp: 9321003007 |Toll Free No. – 1800 209 8800 | Ref. No.:KLI/25-26/E-WEB/871.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Limited under license.
Customer Care: 022-45811311
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