Buy a life insurance plan in a few clicks

Now you can buy life insurance plans completely online right here.

  • 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.

  • Kotak e-Assured Savings Plan

    Kotak e-Assured Savings Plan not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.


Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Kotak Complete Cover Group Plan

Pool risks and shoulder responsibilities to benefit all

Kotak Complete Cover Group Plan provides life cover to a group of borrowers of the credit /lending institution (banks, retail finance providers etc.). It is a non-participating single-premium plan and can be customized to cover all types of loans and repayment terms.

The plan can be mandatory (all members join) or voluntary (subject to certain conditions). In the unfortunate event of death of the borrower during the term of the policy, the outstanding loan amount (as per the cover schedule) will get extinguished relieving the borrower’s family of the loan liability and will also eliminate the risk of loss due to death of the borrower to the Credit Institution

Key features

  • Benefits for both lender and borrower

    In the event of a borrower's death, Kotak Life Insurance will pay the remaining loan amount on the borrower's behalf.

  • Financial security to the borrower’s family

    The borrower's family is relieved of the financial burden of paying the outstanding loan amount.

  • One-time single premium payment for lender

    With a one-time single premium payment, we'll help manage the borrowers' accounts so that both the borrowers and the credit institution don't feel the hassle of paying multiple times.

  • Cost-effectiveness of the premiums

    The pooling of risk (group cover) allows the cover to be provided at a low cost – thus making it hassle-free and convenient.

  • Convenient processes

    The plan comes with easy documentation process and relaxed medical examination norms (subject to applicable conditions) making it an extremely convenient plan to buy.


  • Eligibility

    • Individual borrowers and co-borrowers of your institution can be covered under this plan
    • Age criteria: Entry age^ (as on last birthday): Min: 15 years | Max: Single Premium - 73 years
    • Cover cease age (last birthday): Max: 75 years
  • Cover Term

    • Minimum: 2 years
    • Maximum: 30 years (subject to maximum maturity age being less than or equal to 75
  • Premium Payment Term

    • Single Premium
  • Sum Assured

    • Minimum: Rs. 5,000
    • Maximum: No limit

    ^Note: - In case of minor life insured, an appointee shall be required.

    Know More About Our Other Group Insurance Offerings.


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

Need help buying a plan?

Request a Relationship Manager

Select City
Select Member Count
Select Plan

Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

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

Mail us on

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

Read about Tax benefits & Plan Disclaimer

Tax Benefits

  • As per existing tax laws, premium paid by the financial institution could be considered as part of business expenses and may be tax deductible.
  • As per existing tax laws, any premium paid by a customer in his/her capacity as an individual may be eligible for tax deduction under section 80C of the Income Tax Act, 1961.
  • Benefits received by the customer’s nominee are tax free under section 10(10 D) of the Income Tax Act, 1961

Tax benefits are subject to change in tax laws. You are advised to consult your tax advisor for details.

Terms and conditions

Kotak Complete Cover Group Plan UIN 107N018V05 Form No. N018 Ref No: KLI/18-19/E-WEB/130

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.(Formerly known as Kotak Mahindra Old Mutual Life Insurance 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)

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

Insurance is the subject matter of solicitation. This is a non-participating, protection oriented term group plan . For sub-standard lives, extra premium may be charged based on the insurer’s underwriting policy. This document is not a contract of insurance and must be read in conjunction with the Policy Document. Hard copy of the information will be provided on request. Please refer to the policy documents for specific details on all terms and conditions.


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.

Similar plans

  • 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
  • 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.

    Know more