Facebook Twitter
1800 209 8800
(Mon - Sat : 8 am to 10 pm)
We stand in solidarity with the families who have lost their loved ones in the floods in Jammu & Kashmir. For any assistance on claims, click here.                                                                IRDA CAUTIONS PUBLIC AGAINST SPURIOUS CALLS AND FICTITIOUS OFFERS
Kotak Term Plan/Kotak Preferred Term Plan

Kotak Term Plan/Kotak Preferred Term Plan

A 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. The Kotak Term Plan / Kotak Preferred Term Plan is a pure risk cover plan and an economical means of providing an adequate level of financial protection. In this plan, the life cover amount (sum assured) is paid to the beneficiary in case of the unfortunate death of the life insured. As a result, the family of life insured is well cushioned financially even if the life insured is no longer around to provide.

Low Cost insurance plan

Kotak Term Plan / Kotak Preferred Term Plan provides you the benefit of having a high cover at economical prices. It also offers reduced premiums for women. Furthermore, in Kotak Preferred Term Plan, for a sum assured of Rs 25 lakh and above, special premium rates are offered to non- tobacco users. Hence, this plan provides you a good value proposition for your money.

Choice of premium payment mode

Whether you prefer a single payment mode or the regular option of premium payments over the policy years, we have the right solutions for you. If you opt for the regular mode, you still have the choice of annual, half-yearly, quarterly or monthly premium payment. Thus, you are offered high level of flexibility in paying premiums the way you choose.

Plan conversion option

For enhanced protection, there is an option of converting your Kotak Term Plan / Kotak Preferred Term Plan policy to a policy of any other plan* offered by Kotak Life Insurance (except for term plans). So long as there are at least 5 years remaining before the cover ceases, you can avail this option. Thus, with your changing needs you can actually convert your plan into a different one that better suits your needs.

*Subject to the product specific conditions

Additional protection
In case you have selected the regular premium payment option, you can enhance your protection with the following rider plans if they do not exceed 30% the premium (except for Kotak Critical Illness Benefit) for your Kotak Term Plan / Kotak Preferred Term Plan policy.

Rider Plan Benefits Payable
Kotak Critical Illness Benefit (CIB) Portion of the basic sum assured paid in advance on admission of a critical illness claim
Kotak Accidental* Death Benefit (ADB) Lump sum benefit paid upon accidental death
Kotak Permanent Disability Benefit (PDB) Payout in installments upon admission of claim of disability

* An accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means.
No riders available for Single Premium.

Additional premiums apply with these rider plans. Please refer to the rider brochure for more details or Contact a Kotak Life Advisor.

Download Kotak Term Plan Brochure
Download Kotak Preferred Term Plan Brochure

View Our Insurance Guide


Request a Life Advisor

Type the code shown :

By submitting this form, you hereby allow us to contact you even if you are registered under NDNC.

Explore Kotak Life Insurance