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Kotak Term Plan

Kotak 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 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.




Nominal Cost insurance plan

The plan provides you with a high level of protection at a nominal cost. The plan further provides preferential rates for female lives.


Flexible premium payment options

Whether you prefer a single premium 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 yearly, 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

Flexibility to convert Kotak Term plan to a policy of any other plan* offered by Kotak Life Insurance (except for term plans) before the last 5 years of the policy term to suit your needs..

*Subject to the product specific conditions.



Additional Protection:
You can enhance your protection further by attaching below mentioned optional riders.

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 in base plan.

For more details on Riders and exclusions please refer to the Individual Rider Brochure before concluding the purchase.



Download Kotak Term Plan Brochure
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