Now you can buy life insurance plans completely online right here.
Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.
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.
Our representative will get in touch with you at the earliest.
A non-linked non-participating Group Credit Life Insurance Plan
Kotak Complete Cover Group Plan is protection oriented plan that provides comprehensive cover to a group of borrowers of the credit / lending institution (e.g., banks, retail finance providers). It can be customized to cover all types of loans and repayment terms while providing cover for Death, diagnosis of Terminal Illness, Critical Illness or Accidental Disability.
It also provides the option to the members to choose cover for more than actual Loan outstanding by choosing the Benefit Multiplier option. A single plan that offers the flexibility to customise insured benefit and amount and as per client’s needs.
The plan offers a reducing cover with 6 options to choose to meet the needs of the customer
The plan comes with this unique feature of “Benefit Multiplier” that allows the member to decide on the level of cover to be taken against the outstanding loan amount. Benefit Multiplier can be either 100% or 110% or 120% of outstanding loan amount, to be chosen at the inception.
The plan offers Single Pay, Limited Pay and Regular Pay.
The plan offers to cover either a Single Life or Joint Life where the loan is in the name of two members
Life Cover Option
Other Plan Options
Single, Yearly, Half-yearly, Quarterly and Monthly
Half Yearly – 51%, Quarterly – 26%, Monthly – 8.5% on annual premiums
Tax benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant
Kotak Complete Cover Group Plan; UIN: 107N018V06, Form No: N018, Ref. No.:KLI/19-20/E-WEB/418
Kotak Mahindra Life Insurance Company Ltd. Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 2nd Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: https://insurance.kotak.com Email:email@example.com.
Toll Free No. – 1800 209 8800
This is a non-linked non-participating reducing cover term group plan. For sub-standard lives, extra premium may be charged based on the KLI’s underwriting policy. This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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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
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 Credit Term Group Plan provides life cover to a group of borrowers of credit institutions where the life assured is the borrower and the credit institution is the beneficiary.Know more