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Kotak e-Invest

Insurance and Investment in one plan.

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Protect your family's financial future.

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A plan that offers guaranteed income for your future goals.

Kotak T.U.L.I.P

A plan that works like a term plan, and Earns like ULIP Plan.

Kotak Assured Savings Plan

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

Kotak Assured Pension

A plan that offers immediate or deferred stream of income

Kotak Lifetime Income Plan

Retirement years are the golden years of life.

Kotak Guaranteed Savings Plan

A plan that offers long term savings and life cover.

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Kotak Term Plan

A Non-Linked Non-Par Individual Pure Protection Life Insurance Plan

Life is uncertain. Unfortunate events like an untimely death of the breadwinner can put a family at a great risk of being financially insecure. Kotak Term Plan is a pure risk cover plan and an economical means of providing high level of financial protection. In this plan, the Sum Assured is paid to the beneficiary as a lump sum in case of the unfortunate death of the life insured. As a result, the family of life insured is financially well cushioned even if the life insured is no longer around to provide.

Key Features

  • Nominal cost insurance plan

    Nominal cost insurance plan

    Get a high level of protection at a nominal cost. The plan further provides preferential rates for female lives.

  • Flexible premium payment options

    Flexible premium payment options

    Whether you prefer a single premium payment mode or wish to pay regularly over years, we have the right solution for you. If you opt for the regular mode, you still have the choice of paying yearly, half yearly, quarterly or monthly. You get a high level of flexibility in paying premiums.

  • Plan conversion option

    Plan conversion option

    Flexibility to convert Kotak Term Plan to a policy of any other plan* offered by Kotak Life Insurance (except for another term plan) before the last 5 years of the policy term to suit your needs. *Subject to the product specific conditions.

  • Additional Protection

    Enhanced protection further with optional riders. ∙ Kotak Critical Illness Plus Benefit Rider (CIP): The Rider Sum Assured shall be payable on the admission of a claim on any one of the 37 covered critical illness, subject to terms and conditions. Kotak Accidental Death Benefit Rider (ADB): Lump sum benefit paid upon accidental death. Kotak Permanent Disability Benefit Rider (PDB): Payout in installments upon admission on becoming disabled due to accident.

Eligibility

  • Eligibility

    Age Criteria

    • Entry age – Minimum: 18 years | Max: 65 years
    • Maturity age – Max: 70 years
  • Eligibility

    Policy

    • Policy Term: 5 to 30 years
  • Eligibility

    Sum Assured

    • Minimum: Rs. 3,00,000
    • Maximum: Rs. 24,99,999
  • Eligibility

    Premium

    Min: Regular Pay: Rs. 1,068

    Single Pay: Rs. 3,060

    Max: Based on Sum Assured, Policy Term, Gender & Premium Payment Option

  • Eligibility

    Premium Payment Details

    • Premium Payment Term (PPT): Regular Pay: Equal to Policy Term | Single Pay: Single payment
    • Premium Payment Option: Regular and Single pay
    • Premium Paying Mode: Single, Yearly, Half- yearly, Quarterly, Monthly
  • Eligibility

    Modal Factor (% of annual premium)

    • The following modal loading will be used to calculate the installment Premium
    • Yearly – 100%, Half yearly – 51%, Quarterly– 26%, Monthly– 8.8%

Additional Protection with Optional Riders

  • Additional Protection with Optional Riders

    Kotak Critical Illness Plus Benefit Rider (CIP):

    The Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, subject to terms and conditions.

    Download
  • Additional Protection with Optional Riders

    Kotak Accidental Death Benefit Rider (ADB):

    Lump sum benefit paid upon accidental death.

    Download
  • Additional Protection with Optional Riders

    Kotak Permanent Disability Benefit Rider (PDB):

    Payout in installments upon admission on becoming disabled due to accident.

    Download
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Downloads

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

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

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 Term Plan UIN No.: 107N005V06, Form No. N005, 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. Ref. No.: KLI/23-24/E-EM/465.

This is a non-linked non-par individual pure protection life insurance 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.

Regd. Office:

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: https://kotaklife.com

WhatsApp: 9321003007

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

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.

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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