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.
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.
Our representative will get in touch with you at the earliest.
Secure your clients and your company too
In today’s competitive market scenario, credit institutions want to protect the interests of customers as much as they want to protect their own. The Kotak Credit Term Group Plan is a cost effective solution. It provides life cover to a group of borrowers of credit institutions such as banks, retail finance providers etc., where the life assured is the borrower and the credit institution is the beneficiary.
This is only to the extent of the outstanding loan; and the rest of the amount is paid to the nominee of the life assured. It is a non-participating yearly renewable plan. In the unfortunate event of death of the member during the term of the policy, the outstanding loan amount would be repaid by Kotak Life Insurance, relieving the member’s family of the loan liability and eliminating risk of loss due to death of the borrower to the credit institution.
In the event of a member's death, Kotak Life Insurance will take on all loan amounts and pay the credit institution.
The borrower's family is relieved of the financial and emotional burden of paying the outstanding loan amount.
With greater financial security, a credit organisation now has an edge over competitors and can afford to price credit products at more competitive rates to attract customers. The customers also benefit with better rates on loans.
Since it works on group buying principle, the Kotak Credit Term Group Plan is extremely cost-effective.
The documentation process is hassle-free, and the medical examination norms are relaxed (subject to applicable conditions). However non-medical limit will vary by loan type, borrower's age and tenure of the loan.
Download the brochure to know more about the plan and how it can benefit you.
*Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in the tax laws. You are advised to consult your tax adviser for details
Suicide claim during the first year of the policy will not be covered for all members. This is a non participating term cover for groups
Kotak Credit Term Group Plan UIN 107N006V03 Form No. N006 Ref No: KLI/13-14/E-WEB/098
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 For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale .Hard copy of the information will be provided on request.
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