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Kotak Preferred Term Plan

Kotak Preferred Term Plan

A Life Insurance Plan

Your family is very precious to you and you want to see them secure at all times. Kotak Preferred Term Plan is specially designed to give that protection to your family. It is a pure risk cover plan that is truly an economical means of providing you with a high level of protection.


This plan offers special premium rates to non-tobacco users and women. In the event of death of the life insured during the term, the beneficiary would receive Death Benefit as per plan option selected.




  • High level of protection at a nominal cost
  • Two death benefit payout options i.e. Immediate Payout or Recurring Payout
  • Step up / Step Down options to increase / decrease cover
  • Preferential rates for female lives & non-tobacco users
  • Flexible premium payment options
  • Customize protection through available Rider
  • Tax benefit on premiums paid u/s 80(C) and benefit received u/s 10(10D) subject to tax laws


How Does the Plan Work?

You select the amount of cover (Basic Sum Assured) as per your protection requirement, the term for which you want to be covered and the term for which you want to pay premiums. Subsequently, you select the Plan Option as per suitability i.e. Recurring Payout or Immediate Payout. If you wish to increase your risk cover in future, you can also select the Step-Up Option. Accordingly, the premium will be calculated. Mentioned below is an example of 30 years premium payment term (regular) with an annual premium of 11,200 p.a. for 30 years old (non-smoker) healthy male under Recurring Payout for 1 Crore Sum Assured:



Kotak Preferred Term Plan


Note: Figures are not drawn to scale.






Download Kotak Preferred Term Plan Brochure
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