Terms & Conditions:
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 e-Term; UIN No.: 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.
*oods and Services Tax shall be 0% for all Individual Life Policy Premiums effective from 22nd September, 2025.
Kotak Mahindra Life Insurance Company Ltd.
Reg No. 107; CIN: U66030MH2000PLC128503; Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Website: www.kotaklife.com; WhatsApp: 9321003007 | Toll Free: 1800 209 8800 | Ref. No. KLI/25-26/E-WEB/1314
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
For Ref. No. KLI/25-26/E-WEB/1593
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 e-Term; UIN No.: 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.
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
Get 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 ₹1 Crore. The per day premium is ₹15 [₹ 5,400 Annualized Premium / 365 days = ₹ 14.79]. This is for online channel.
*Goods And Services Tax is exempted for all Individual Life Policy Premiums effective from 22nd September, 2025.
Kotak Mahindra Life Insurance Company Ltd. Reg No. 107; CIN : U66030MH2000PLC128503; Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Website: www.kotaklife.com; WhatsApp: 9321003007 | Toll Free: 1800 209 8800 | Ref. No. KLI/25-26/E-WEB/1593
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
For Ref. No. KLI/25-26/E-WEB/1593
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 e-Term; UIN No.: 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.
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
Get 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 ₹1 Crore. The per day premium is ₹15 [₹ 5,400 Annualized Premium / 365 days = ₹ 14.79]. This is for online channel.
*Goods And Services Tax is exempted for all Individual Life Policy Premiums effective from 22nd September, 2025.
Kotak Mahindra Life Insurance Company Ltd. Reg No. 107; CIN : U66030MH2000PLC128503; Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Website: www.kotaklife.com; WhatsApp: 9321003007 | Toll Free: 1800 209 8800 | Ref. No. KLI/25-26/E-WEB/1593
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
For Ref No. KLI/25-26/E-WEB/2128.
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 e-Term, UIN: 107N129V03 - This is a non-participating non-linked life insurance individual pure risk product. For sub-standard lives, extra premium may be charged based on Kotak Mahindra Life Insurance Company’s underwriting policy. Plan Options & Payout Options needs to be selected at policy inception. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale
Kotak Critical Illness Plus Benefit Rider - 107B020V02 - In case of diagnosis with any one of the 37 Critical Illnesses specified under Kotak Critical Illness Plus Benefit Rider, the Rider shall terminate post Rider Sum Assured has been paid to the Life Insured, and the Base Plan shall continue for the remaining policy term, provided base plan premiums are paid. In case the life insured undergoes Angioplasty, minimum of 5 lacs or Base Rider Sum Assured will be payable, and the remaining rider sum assured (if any) shall continue for the remaining 36 Critical Illnesses, provided reduced rider premiums are paid. This Rider shall terminate once 100% of the Rider Sum Assured has been paid or on the completion of the Rider Benefit Term, whichever is earlier. Riders are not mandatory and can be attached to the base plan at inception or at any policy anniversary of the base plan for an additional cost. For more details on riders please read the Rider Brochure.
^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 option, Level Recurring Payout Option and Sum Assured on Death of ₹ 1 Crore. The per month premium is ₹ 475 [₹ 5,400 Annualized Premium X modal factor 8.80% = ₹ 475.20]. The premium is assuming the policy is bought Online and the customer has not purchased any policy from Kotak Life Insurance. Annualized Premium is the premium payable in a policy year, excluding the underwriting extra premiums, loadings for modal premium, as applicable and Rider Premium, if any.
@GST is exempted for all individual life insurance policies from 22nd September 2025
+ Tax benefit of ₹54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C and health premium u/s 80D. The benefit of ₹ 7,800 would only be applicable if the customer opts for Kotak Critical Illness Plus Benefit Rider. Tax benefits under the policy are subject to conditions as applicable under the provisions of the Income Tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from Tax Advisor.
++The savings percentage is arrived by assuming the given scenario: 18-year-old healthy, non-smoker male opts 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 Rs. 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 Rs. 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]. The premium is assuming the policy is bought Online and the customer has not purchased any policy from Kotak Life Insurance. Annualized Premium is the premium payable in a policy year, excluding the underwriting extra premiums, loadings for modal premium, Goods and Services Tax and Cess, as applicable and Rider Premium, if any.
nThe savings upto 13% on premium is inclusive of upto 7.5% online discount applicable on every premium throughout the policy term and 5% salaried or existing customer discount applicable only on 1st year premium of policy term. The Discount Premium % may vary basis Basic Sum Assured and Premium Payment Option subject to underwriting conditions. Hence the total savings are [7.5% + 5% = 12.50% ~ 13%]
#Figures arrived are basis the Company’s latest annual audited figures for Individual Policy 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.pdf
Kotak Mahindra Life Insurance Company Limited Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C-12, G-Block, BKC, Bandra (E), Mumbai-400 051. Website: https://www.kotaklife.com/ |WhatsApp: 9321003007 | Toll Free No.: 1800 209 8800. Ref No. KLI/25-26/E-WEB/2128.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Limited under license.