Term Insurance Plan - Best Online Term Plan in India | Kotak Life Insurance

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    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.

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    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.

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    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 e-Term Plan

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What is Term Insurance

Term insurance is the most basic and cost-effective form of life insurance availed for a predefined period of time.The objective of term insurance is to provide financial coverage to the policyholder (you) and/or beneficiary in case of unfortunate events in return for paying regular premiums. When you get term insurance, you can be assured that your family and dependents will be financially secure in your absence.This helps your family fulfil their future needs like higher education, marriage, buying a house etc.

A term plan is a simple and pure form of insurance. In this policy, the insurance company pays a death benefit to the family, in case of the untimely demise of the insured within the specified period. Term insurance is very cost-effective and provides the much needed financial security to the dependents in the absence of the insured. Due to the various benefits of the term plan, the policy has been gaining increasing popularity. Staying true to its core promise of securing the future of your family, Kotak Life Insurance offers a comprehensive e-Term policy.

What is Kotak e-Term Plan

Kotak e-Term plan is a pure protection term insurance plan.

It has been specially designed to let you give that assurance to your family.

Your family is your first priority. You strive to provide comfort, happiness, and security to your family, and you would want their future to be secure at all times. Even when you are not around you want to ensure that you have secured their financial future.

Kotak e-Term Plan is a pure-risk cover term insurance plan that is truly an economical means of providing you with a high level of protection. It offers special premium rates to non-tobacco users and women. In case of policyholder’s untimely death, the beneficiary receives the death benefit as per the selected plan option.

Kotak Term Plan also offers the option to enhance your coverage against accidental death, total and,permanent disability. Further, you can also choose additional cover through Kotak Critical Illness Plus Benefit Rider upon paying an additional premium,thus ensuring a complete cover against unfortunate eventualities.

Kotak e-Term plan is a pure protection plan that helps you to safeguard the financial future of your loved ones in your absence. This pure risk cover is a very economical method to gain a comprehensive level of protection for those you care for. The Kotak Term policy provides a death benefit to the nominee or the family, in the event of the demise of the insured in the specified term. Moreover, the policy can also be extended to include critical illness, total and permanent disability, accidental death, special premium rates for non-tobacco users and women, etc.

Why Should You Buy Kotak Life e-Term Plan?

Kotak e-Term plan combines best-in-class features and comprehensive coverage. It is the best term insurance plan in the market and is widely popular because of its competitive features.
Some key benefits of buying the Kotak e-Term plan include:

1. Nominal cost: Kotak term life insurance offers extensive coverage at a very nominal cost of less than ₹23/day. You can also get security against critical illness, accident, and disability at a price which will not hurt your budget.

2. Long-term coverage: The Kotak e-Term plan offers term life cover up to 75 years.

3. Multiple options: Kotak e-Term offers multiple plan options to ensure you get the coverage of your choice:

  • Life Option: 100% of the sum assured payable as a death benefit
  • Life Plus Option: Death benefit plus 100% of the sum assured payable in case of accidental death of the insured, subject to a maximum of ₹1 crore
  • Life Secure Option: Waives of all forthcoming premiums in the event of permanent and total disability of the life insured. The death benefit is still due for the leftover policy term

4. Flexible payouts: Kotak term insurance policy offers flexible payouts, including:

  • Immediate payout: 100% of the sum assured on death payable in a lump sum, post which the policy terminates.
  • Level recurring payout: Recurring payments are made in the form of 10% of the sum assured on death paid during claim settlement. While 6% of the sum assured is payable every year over 15 years.
  • Increasing recurring payout: 10% of the sum assured on death is paid during claim settlement. While 6% of the sum assured is payable at the end of the first year. Post this, every year for the next 15 years, the payout increases by 10% (simple).
  • 5. Critical Illness Rider: With Kotak Critical Illness Plus rider, the insured can claim the sum assured if diagnosed with 37 of the listed illnesses.

    6. Step-down option: This term insurance policy allows you to increase or decrease the life cover when desired, subject to some terms.

    7. Tax-savings: Under Section 80C of The Income Tax Act of 1961, the premium paid for a term insurance plan is exempted up to ₹1.5 Lakhs. Also, as per Section 10 (10D), the benefit received at maturity is exempted.

    Benefits of Term Insurance

    High Coverage at Affordable Premiums

    With premiums starting as low as Rs.23* per day,term insurance is one of the most affordable policies to have. Term insurance also takes care of your family’s future in case of unfortunate incidences such as untimely death, critical illness or permanent disability. With multiple plans and pay-out options, you get to choose your preferred payment option and select benefit options for your term insurance plan.

    Financial Security

    A term plan gives your family a lump sum amount that provides financial security. The sum assured can be used for your children’s higher education and to take care of daily expenses. Financial liabilities, like home loan, mortgage loan, etc., can be paid off using the death benefit amount.

    Long-Term Insurance Coverage

    You can get an extended insurance term with Kotak Life Insurance, where the policy term starts from 5 years to a maximum of 57 years with the entry age limit capped at 65 years and the maturity age capped at 75 years. This enables you to be covered for an extended period until the dependency of your children and other liabilities reduces.

    Tax saving

    Under Section 80C, you can claim income tax deductions for the premiums paid towards securing term insurance policy. Also, under Section 10(10D) of the Income Tax Act, 1961, your family is eligible to claim the death benefit and availtax benefit. This is subject to conditions as specified in those sections, and the tax benefits are subject to change as per tax laws.

    Cover for Major Illness

    With Kotak Critical Illness Plus Benefit Rider, the sum assured is payable in case you are diagnosed with any one of the 37 critical illnesses listed. Kotak Life Insurance covers major ailments like cancer, brain tumour, blindness, and loss of limbs, among others.

    Protection from Disability

    By choosing the Life Secure option available under Kotak e-Term plan, you can avail an additional security feature. Life Secure safeguards you against permanent disability by waiving off future premiums and keeping the policy in-force for the entire term.

    Secure Yourself against Accidental Death

    With Life Plus Option, your loved ones are always secured, even in case of your accidental death. Your family will be eligible for claiming the complete sum assured and the accidental death benefit, subject to a maximum of INR 1 crore.

    Flexibility in Paying Premiums

    You have the flexibility to pay your insurance premiums as per your convenience. Kotak e-Term Plan provides you with a monthly and yearly premium payment option for your term insurance plan. You can choose the frequency according to your income cycle and preference.

    Why Should You Buy Term Insurance Plan?

    Life is uncertain and cannot be predicted at any point. You never know when an unfortunate incidence may occur and leave your loved ones without any financial security. Such a situation can result in your family’s dependency on a close relative or may lead your spouse and children to hunt for new jobs to make ends meet. In order to avoid such situation, a term insurance policy is a crucial element to secure the future of your loved ones.

    For example: You are the only earning member of the family with a monthly income of Rs. 50,000. Your family consists of your spouse, who is a homemaker, and two children, of which one is completing their primary education and the other will soon begin college. Your family is living a comfortable life with all their basic necessities being met without any financial issues.

    Now, if you were to pass away, your family would still require Rs.35, 000-40,000 to manage their expenses. But due to a lack of financial backup, they would have to depend on someone else. In this case, if you had bought a term insurance policy, your family would have been self-sufficient, and your children could complete their education without any worries.

    Term plans give out a lump sum amount to safeguard your loved ones and take care of all their needs. May it be the education of your children or paying off any loans, the death benefit amount assists you to take care of such payments.

    Who Should Buy a Term Insurance Policy?

    Any individual who has financial dependents or wants to leave their family a legacy should avail a term insurance policy. This would generally include parents, single women, or men that have senior parents, professionals with debts or loans, persons that are nearing retirement, etc., can buy online term insurance. Term insurance plans also provide tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961, thus reducing your taxable income. Here is a detailed version of who should buy a term plan:

    • Parents:
    • As parents, you have the dependency of your spouse, children, and your own parents. With the help of the sum assured, you can ensure the future of your children and also provide aid to your parents. You can be worry-free about the financial condition of your loved ones after getting a term life insurance plan.

    • Professionals:
    • You may have availed a certain education loan to go abroad and study. But if something were to happen to you, your parents shouldn’t bear the brunt of the debt. The sum assured of the term plan can be used to clear off your study loan.

    • Retirees:
    • If you are going to retire soon and have dependents or debts, term insurance is the perfect way to safeguard your interests. The death benefit would be enough to pay off any debts and also provide financial assistance to the dependent members.

    • Taxpayers:
    • Individuals who are looking for some tax-savings investments that also give beneficial returns can opt for term insurance. Investing in a term plan is the perfect way to get tax benefits and also earn a life cover.

    Types of Term Insurance Plans

    There are five types of term insurance plans that you can buy while opting for a pure life cover policy:

    • Basic Term Insurance Policy
    • The basic term policy provides you with a pure life cover wherein the beneficiary will get the death benefit in the event of your untimely death. You do not get any maturity benefits if you survive the policy term.

    • Increasing Term Insurance Plan
    • Increasing term insurance is a plan where the sum assured amount keeps on growing as the years go on. The death benefit may have a maximum cap on the amount to which the sum assured can increase. Such a policy also has no maturity benefit and grants you with a life cover.

    • Decreasing Term Insurance Plan
    • In decreasing term plan, the amount of death benefit keeps on decreasing as the policy term comes closer to expiry. The premiums of such a plan are lower as such a policy is bought to cover certain debts or loans.

    • Term Policy with Return of Premium (TROP)
    • In return of premium plan, the premiums paid throughout the policy term are refunded to you after the plan expires. The policy gives you a life cover and also returns all of your premiums upon term survival as a maturity benefit.

    How to Choose the Best Term Insurance Plan?

    There are several factors that you need to check and compare before opting for a term insurance policy from a particular insurer. Here are some that you need to consider before buying a policy:

    • Claim Settlement Ratio (CSR)
    • Claim Settlement Ratio tells you how many claims have been settled from the number of claims filed for that particular year. By looking at this number, you are able to understand the probability of your claim getting settled. The CSR of Kotak Life Insurance is 96.38% for the financial year 2019-2020 as per IRDA.

    • Solvency Ratio
    • Solvency ratio [SS1] shows if your insurer will be financially able to settle your claim if there were a requirement. The IRDA (Insurance Regulatory and Development Authority) demands all insurance providers have a solvency ratio of 1.5.

    • Rider Benefits Another
    • vital thing you should check is if the insurer is providing you with rider benefits. Insurance riders like critical illness, accidental death, and permanent disability, among others, should be available to be added to your term life insurance plan.

    • Product Details
    • While buying a product, you need to check if the features and benefits of the product compliment your requirements. You should always go through the terms and conditions, benefits, etc., of the policy from various insurers to find the best term insurance plan for you.

    How to Buy Term Insurance Plan Online?

    Step 1: Estimate the Premium - You can visit the term insurance calculator page to understand the premium amount that you can pay on a regular basis. This will also allow you to calculate the requisite sum assured against the premium to be paid.

    Step 2: Fill the Application Form - You can now visit an insurer’s website to buy an online term insurance policy and simply fill in your personal details on the form.

    Step 3: Add Riders - After entering your information, you can add insurance rider benefits to the plans which are available.

    Step 4: Other Information - Choose other elements of the policy like premium payment frequency, policy term, etc., before proceeding to the payment page.

    Step 5: Make Payment - After you have selected the payment frequency, you will be able to see the premium you would need to pay regularly. Proceed to the final page and make the payment and submit the documents that are required by the insurer.

    How Much Term Insurance Plan Cover Do You Need?

    You can calculate the amount of coverage you require with the concept of Human Life Value (HLV). HLV calculates the economic loss your family will suffer in case of an unfortunate incident. It considers certain aspects like your current age and proposed retirement age, present total savings, monthly expenses, future expenditure like buying a home, higher education for your children, etc., and debts like home loans, etc. Such a concept is beneficial in determining the life insurance coverage that would be needed to ensure your family’s financial security in your absence. You can also use the insurance coverage calculator by entering your details and proceeding to estimate the sum assured for your policy.

    What Policy Period should you opt for?

    A term insurance policy tenure starts from 5 years to a maximum of 40-45 years to cover you from unforeseen incidents. Some insurers also provide a life cover that is valid until you reach 99 years of age if you have dependents that would need financial aid in your absence. While deciding your policy period, you should consider the number of dependents you have, any debts or loans present in your name, etc. After this, you should consider how many years it would take for your dependents to become self-sufficient and the repayment tenure of your debts. You will be able to come up with the policy term you should choose to secure your loved ones.

    What Documents Do You Need to Buy a Kotak e-Term Plan?

    Kotak follows a simple procedure and convenient, easy and quick documentation including:
    1. Age Proof
    2. Address Proof
    3. Photo ID Proof
    4. Income Proof
    5. Passport size photos

    Term Insurance FAQs

    1) Does Kotak e-Term Plan cover deaths due to COVID-19?

    Yes. Kotak e-Term plan covers all claims arising out of the death of the insured due to COVID-19.

    1. What is a term insurance plan? What are its benefits?

    Term insurance Plan is a policy which provides pure protection to your family in the event of your death. It is the most basic type of life insurance plan that is available in the market. You are able to avail higher life coverage at an affordable premium and also add riders to maximize your coverage. Read more about term life insurance plans and its features here!

    2. What are the tax benefits of term insurance plan?

    A major advantage of investing in a term insurance policy is the tax benefit offered by the Income Tax Act, 1961. This Act offers numerous exemptions and deductions, thus reducing taxpayers’ liability where the insurance premiums can be claimed under Sections 80C and the death benefit can be availed as tax-free under Section 10(10D). Read more to know about the income tax deductions you can claim here!

    3. How does term insurance policy work?

    Term insurance operates on principles of pure insurance. While being simple and low-cost, it is a very effectual mode of insurance wherein the assured person is covered against the risks of mortality. The premium depends upon the sum assured and the age of the assured person. The younger the person, the lower the premium because the insurance company perceives the risk of mortality, i.e. death of a young and healthy person to be very less. Know more about how a term life insurance plan works by clicking here.

    4. Is buying term life insurance plan worth it?

    Yes, a term policy is worth it as the plan provides you with a life cover at an affordable premium when compared to other policies. You are also able to add rider benefits to maximize your coverage and secure yourself from certain unfortunate conditions. Know more about the pros of buying term life insurance online by clicking here.

    5.What is the premium for a term insurance plan?

    The premium of a term insurance plan depends on various factors like age, gender, health reports, past medical history, and lifestyle habits, among others. After you add riders to your plan, select the sum assured, choose the payment frequency, and the tenure of your policy, you will get the final premium payable. Click here to calculate the premium for your term life insurance online.

    6.How to pay term insurance plan premium online?

    You can pay your term insurance plan premium online modes via net banking, debit/credit card, among others. Read more about online payment options here.

    7.How much should be the ideal coverage for term life insurance plan?

    The amount of coverage varies from person to person and depends on how many dependents you have. Before you assign a vague number to your sum assured, click here to know how much coverage you need.

    8. Is there a term insurance plan for smokers?

    If you are a smoker, then you are not only spending money on cigarettes, but you are also increasing your chances of an early demise. One thing that insurance providers know is that smoking habits can have different effects on different people. This is why the term insurance plan for smokers comes in three different categories. Click here to know more about the term plan for smokers.

    9. What kind of deaths are not covered in a term life insurance policy?

    While opting for a term plan, it is important to know the kind of deaths that don’t get covered in your plan in order to ensure that your family’s insurance claim is not rejected. Some of them are suicide, death during childbirth, death due to certain dangerous activity, etc. Click here to get detailed information about the deaths not covered under term life insurance plan.

    10. Does term insurance plan pay for suicidal death in India?

    Suicidal death is not covered in the first year of the policy term and starts getting included in the cover after the second year. If the policy holder commits suicide in the first year, then the claim gets rejected and no death benefit is paid out. Read more about the cover for suicidal death and the terms and conditions regarding it here.

    11. Between term insurance and traditional life insurance, which plan is beneficial?

    Traditional life insurances provide you with a maturity benefit along with a life cover whereas term insurance plans give you pure life cover at affordable premiums.To compare the two plans better and choose between them, read about ‘Term Insurance v/s Traditional Life Insurance’ here.

    12. What is a term insurance calculator?

    A term insurance calculator determines the premium rate that you will have to pay regularly to secure a term plan. The premium amount to be paid depends on several factors like your age, health records, the sum assured, and the policy term. The term insurance premium calculator helps you learn the future needs of your family and choose the best term plan available in the market to fit your budget. Read all about term life insurance calculator and its benefits here.

    13. What are riders in term insurance plan?

    Riders in insurance are basically contingent add-ons or supplementary benefits granted over and above a primary term policy in the event of an unforeseen incidence. They aim at expanding or amending the basic life insurance coverage at an additional cost. This means that they offer extended financial cover above the primary sum assured in a life insurance
    policy. You can avail a critical illness rider, accidental death rider, and a permanent disability rider with Kotak e-Term. Read more about the different types of insurance riders here.

    14. What is a critical illness rider?

    A rider is an additional benefit on your term insurance plan, and it will come into play in case of a specific eventuality, like getting diagnosed with a critical illness. You will receive a lump sum upon diagnosis of one of the covered illnesses which will act as a tool for income replacement and to take care of the medical expenses. Read more about the benefits of having a critical illness rider with your term plan here.

    15. How to choose the right term insurance plan?

    When it comes to identifying the most suitable term insurance online, one must always consider and evaluate several factors like solvency ratio, claim settlement ratio, and insurance riders. Read more about how to choose the right policy here and get the best term life insurance plan.

    16. What should be the ideal policy term for a term plan?

    Once you have decided that you want to buy online term insurance policy, you need to choose the right policy term. The policy period should be as long as the period your family will require to gain financial independence. Click here to know how to pick the right policy tenure.

    17. When is the right time to buy a term insurance plan?

    The right time to buy a term life insurance is when you are younger. In your early twenties and thirties, the premiums are cheaper due to younger age and a healthier lifestyle. Click here to know the benefits of buying a term plan early in life.

    18. What are the payment options in term insurance plan?

    There are various premium payment frequencies and modes of payment for term insurance plan. Such options enable you to make payments as per your convenience. Read more about the numerous choices you can avail here.

    19. Should I buy term insurance plan online or offline?

    You can buy term insurance plan via both online and offline mode. To purchase a term plan online, you can click here and proceed to buy a policy by submitting your details. For offline mode, you can visit the nearest Kotak branch and connect with the concerned person

Who determines the term insurance premium?

Term insurance premium is calculated by statistics and calculation based on the risk factors. You can calculate the premium of your term plan online based on factors below:

  • Age
  • Gender
  • Occupation
  • Geographical location
  • Height and Weight
  • Lifestyle habits
  • Self-medical history
  • Family medical history

Why is smoking/nicotine consumption a determinant in term insurance premium calculation?

Smoking or nicotine consumption is a determinant in term policy premium calculation because such products tend to harm the insured. This will make the insured more vulnerable and likely increase the risk of the person filing for a claim. Hence, term insurance plans have a higher premium for smokers.

Can I buy multiple term plans at any given time?

Yes, you can buy multiple term insurance policies at any given time from the same or different insurance provider. Can I use a term plan for wealth creation?

A term plan is structured only to provide a death benefit and not a return on the investment. The premiums only serve the purpose of providing financial assistance to the family in the absence of the insured. Hence, it is not ideal for wealth creation. However, the family/nominee can use the death benefit to pay off all kinds of expenses or debts.

How to process my term insurance claim?

Affected families or the nominee can file an online term plan claim with minimal documentation as listed below:
1. Original policy documents
2. Death certificate
3. Age proof of the insured
4. Cancelled cheque by the beneficiary
5. KYC of the beneficiary
6. Cause-of-death certificate
7. Post-mortem report and Police FIR for unnatural deaths
8. Hospital records and confirmation for death due to illness

What happens to the term insurance policy if the policyholder dies?

In case the policyholder dies within the specified period while the term plan is active, the death benefit is paid to the nominee.

What happens to my term plan coverage when the policy term ends?

If the insured has outlived the specified period of the Kotak e-Term insurance, there is no benefit paid, and the policy is terminated.

What happens if the policyholder survives the policy term?

There is no benefit paid in case the policyholder survives the said term of the Kotak e-Term plan.

Will I get any maturity benefit/survival benefit at the end of my policy term?

No, in case of Kotak e-Term plan, there is no cash benefit paid at maturity. The policy provides death benefit at the demise of the insured in the given period.

What if the appointed nominee dies during the policy term?

If the appointed nominee dies, the policyholder can submit the required documentation proof and name a new nominee.

Is it possible for a term plan claim to be rejected?

Yes, a term plan claim can be rejected in the following conditions:

  • Incorrect information
  • Hidden medical history
  • Incomplete or wrong employment details
  • Not disclosing current and existing policies
  • Non-payment of premiums
  • Lack of a nominee

Does the insured’s gender matter in a term insurance policy?

Yes. Kotak e-Term policy offers lower premium rates to women than men.

How it works

Key features

  • High Level of Protection at Nominal Cost

    Get protected @ less than Rs.19/day only*

  • Multiple Plan Options

    Choose between Life, Life Plus, or Life Secure option to ensure you have an ideal cover to secure your family:
    Life Option: 100% of sum assured on death shall be payable upon policyholder’s death
    Life Plus Option: 100% of sum assured shall be payable in case of accidental death of the policyholder along with death benefits, subject to a maximum of Rs.1 crore
    Life Secure Option: All future premiums shall be waived off in case the policyholder becomes total permanently disabled. The death benefit under the term insurance plan shall continue to be in force for the remaining policy term and on death 100% of sum assured on Death shall be payable.

  • Three Pay-out Options

    You have option to choose between Immediate, Level Recurring, or Increasing Recurring payout basis your family’s requirements
    Immediate Pay-out: 100% of the sum assured on death shall be payable in lump sum and the term insurance policy shall be terminated.
    Level Recurring Pay-out: 10% of the sum assured on death shall be payable at the time of claim settlement and 6% of the sum assured shall be payable every year for a period of 15 years. You can also opt to receive this annual payment in monthly mode which will be 8.22% of annual payments and the first installment will start one month after the date of death of the life insured.
    Increasing Recurring Pay-out: 10% of the sum assured on death shall be payable at the time of claim settlement and 6% of the sum assured shall be payable at the end of the first year from the date of death, thereafter the payout shall continue to increase by 10% every year. These instalments shall be payable at the end of every year for 15 years starting from the end of the first year. You can also opt to receive this annual payment in monthly mode which will be 8.22% of annual payments and the first installment will start one month after the date of death of the life insured.

  • Step Down options

    Option to decrease your life cover basis your requirements.

  • Customize Protection Through a Rider

    You can add more value to your coverage with Kotak Critical Illness Plus Benefit Rider


  • Age Criteria

    • Entry Age:
      • Minimum – 18 years | Maximum – 65 years (Except for Limited Pay - “Pay till 60 Years”) 50 Years (For Limited Pay - “Pay till 60 Years”)
      • Maturity Age: Minimum – 23 years | Maximum – 75 years
  • Basic Sum Assured

    • Minimum – Rs 25,00,000
    • Maximum – Subject to underwriting
  • Premium

    • Minimum - Will be determined basis plan option, pay-out option, age, gender, smoking status, policy term, premium payment mode, premium payment frequency and Basic Sum Assured opted for the policy
    • Maximum - No limit but subject to underwriting consideration
    • Note: Preferred rates will be applicable for females and non-smokers
  • Premium Payment Term (PPT) / Policy Term

    Regular Pay
    Premium Payment Term Policy Term
    Same as Policy Term Min: 5 Years | Max: 40 Years or 75 Minus Age at Entry
    Premium Payment Term Policy Term
    5 Pay Min: 10 Years | Max: 40 Years or 75 Minus Age at Entry
    10 Pay Min: 15 Years | Max: 40 Years or 75 Minus Age at Entry
    Pay till 60 Years (Minimum Premium Payment Term of 10 Years) Min: 15 Years | Max: 40 Years or 75 Minus Age at Entry
    Single Pay
    Premium Payment Term Policy Term
    One Time Payment Min: 5 Years | Max: 40 Years or 75 Minus Age at Entry
  • Premium Payment Option

    • Regular, Limited & Single Pay
  • Premium Payment Mode#

    • Single,Yearly, Monthly
  • Modal Factor (% of annual premium)

    • The following modal loading will be used to calculate the instalment Premium:
    • Yearly – 100% of Annual Premium | Monthly – 8.8% of Annual Premium

Additional protection with optional Riders

  • Kotak Critical Illness Plus Benefit Rider

    Rider sum assured shall be payable in case the policyholder is diagnosed with any one of the 37 critical illnesses (subject to terms and conditions)

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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 benefits are subject to change as per tax laws.Customer is advised to take an independent view from tax consultant.


* The above premium is applicable for a 30 year old, non-smoker, healthy male, who wishes to buy Kotak e-Term Plan for a Sum Assured of Rs 10,000,000. with a 40 year policy term and pays regularly with annual premium of Rs. 8,400. The premium shown above is for Life Option with Level Recurring Payout option. The per day premium shown above is basis the annual premium considering 365 days (i.e. 6.800 /365 = 18.63). The premium is exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess shall be applicable on the above premium as per current tax laws.#The features mentioned above is applicable for Kotak e-Term Plan sold through Online Channel.

Terms & Conditions:

This is a non-participating, pure protection oriented 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. Kotak e-Term Plan UIN No.: 107N104V02, Form No. N104, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020. Ref. No: KLI/20-21/E-WEB/991

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


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.