Kotak Life Insurance Plan - Life Insurance Policies in India

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  • Icon for Kotak Preferred e-Term Plan

    Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.

  • Kotak E-Invest Plan

    Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Lifetime Income Plan

    Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!


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Kotak Credit Term Group Plan

A Non-Linked, Non-Participating, One Year Renewable Group Term Insurance Plan

Kotak Credit Term Group Plan is protection oriented plan that provides comprehensive cover to a group of borrowers of the credit / lending institution (e.g., banks, retail finance providers). The Kotak Credit Term Group Plan, is the right solution for your needs, protecting both your customer’s interest as well as institution’s need. Not only is it cost effective and easy to administer, but it also gives a differentiating edge over competitors. This plan provides life insurance to a group of borrowers of the credit institution (banks, retail finance providers etc.) with the Life Assured being the borrower.

Key features

  • Provides Financial Protection

    The borrower's family is relieved of the financial burden of paying the loan amount in the unfortunate event of death of the life assured.

  • Option to provide cover to Co-borrowers

    The plan covers maximum of one additional co-borrower along with the primary borrower, only where there is an insurable interest between the lives. Both the primary borrower and co-borrower shall be covered individually for equal cover amount not higher than the original loan amount.

  • Other advantages

    Simple and easy administrative processes, worldwide insurance coverage, Comprehensive coverage with simplified underwriting,


  • Group Size: Min: 50 | Max: No Limit

  • Age criteria

    Entry Age (Last Birthday)

    Min: 18 years

    Max: 74 years

    Maximum Maturity Age (Last Birthday): 75 years

  • Sum Assured

    Minimum: Rs. 5,000

    Maximum: No Limit, subject to Board Approved Underwriting limit

  • Cover Term

    1 year

  • Premium Payment Mode

    Annual / Half-yearly / Quarterly / Monthly

  • Premium Modal Factor

    Half-Yearly 51%, Quarterly 26%, Monthly 8.5% on annual premiums


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

Need help buying a plan?

Request a Relationship Manager

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Call on toll free number 1800 120 7856(10:00 am  and  06:00 pm)

Call our toll free number and our representative will help you buy the most suitable plan.

Mail us on kli.corporate-solutions@kotak.com

Mail your queries to us and we will answer them at the earliest.

Read about Tax benefits & Plan Disclaimer

Read about Tax benefits & Plan Disclaimer

Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. You are advised to take an independent view from tax consultant.

Terms and conditions

Kotak Credit Term Group Plan - UIN 107N006V04, Form No. N006, Ref. No. KLI/20-21/E-WEB/255

This is a non-participating group term plan. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.

Reg No. 107

CIN : U66030MH2000PLC128503

2nd Floor, Plot # C- 12, G- Block, BKC,

Bandra (E), Mumbai - 400051

Toll Free: 1800 209 8800 (8 am to 10 pm)

Website: https://insurance.kotak.com

Email: clientservicedesk@kotak.com

SMS KLIFE to 5676788 Toll Free No. - 1800 209 8800


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.

Similar plans

  • Kotak Complete Cover Group Plan

    Kotak Complete Cover Group Plan is a non-participating single-premium plan that provides life cover to a group of borrowers of the credit /lending institutions.

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  • Kotak Group Shield

    Kotak Group Shield Plan covers your customers' loans and savings and protects the well-being of your customers and their family members in the event of death, illness or disability.

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  • Kotak Group Assure

    Kotak Group Assure Plan protects the family of the life insured from risk of loan liability in case of the demise of the insured and it also shields credit institutions from the risk of loan non-payments due to death, illness and disability.

    Know more