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.
Our representative will get in touch with you at the earliest.
A Pure Protection Life Insurance Plan
Your family is your first priority.
You strive to provide comfort, happiness, and security to your family and you would want your family’s future to be secured at all times. Even when you are not around you want to ensure you have secured their financial future.
Kotak e-Term Plan has been specially designed to let you give that assurance to your family.
Kotak e-Term Plan is a pure risk cover term plan that is truly an economical means of providing you with a high level of protection. It offers special premium rates to non-tobacco users and women. In the event of death of the life insured during the term, the beneficiary would receive Death Benefit as per plan option selected.
Kotak e-Term Plan also offers the option to enhance your coverage against accidental death, total and permanent disability. Further, you can also choose additional cover through Kotak Permanent Disability Benefit Rider and Kotak Critical Illness Plus Benefit Rider on payment of additional premiums, therefore ensuring a complete cover against the unfortunate eventualities.
Get protected @ less than Rs.9/day only*
Choose between Life, Life Plus or Life Secure option to ensure you have an ideal cover to secure your family:
Life Option – 100% of Sum Assured on Death shall be payable on Life Insured’s death
Life Plus Option – 100% of Sum Assured shall be payable in case of accidental death of the life insured along with death benefit, sub to a maximum of 1 crore.
Life Secure Option – All future premiums are waived in case the Life Insured becomes total and permanent disabled. The death benefit under the plan shall continue to be in force for the remaining policy term
Choose between Immediate, Level Recurring or Increasing Recurring pay-out basis your family’s requirements:
Immediate Pay-out– 100% of the Sum Assured on Death shall be payable in lump sum and the policy shall terminate
Level Recurring Pay-out – 10% of the Sum Assured on Death shall be payable at the time of claim settlement and 6% of the Sum Assured shall be payable every year for a period of 15 years
Increasing Recurring Pay-out – 10% of the Sum Assured on Death shall be payable at the time of claim settlement plus 6% of the Sum Assured on Death shall be payable at the end of the first year. Thereafter the pay-out shall increase by 10% p.a. (simple). These instalments shall be payable at the end of every year for 15 years staring from the end of first year
Increase or decrease your life cover basis on various life stages**
Enhance your coverage with Kotak Critical Illness Plus Benefit Rider or/and Kotak Permanent Disability Benefit Rider***
In case the Life Insured becomes permanently disabled due to an accident during the policy term, 120% of the Rider Sum Assured shall be payable over 5 years, while the base plan continues for the remaining policy term.Download
Rider Sum Assured shall be payable in part or whole, in case the Life Insured is diagnosed with any one of the 37 Critical Illnesses (subject to terms and conditions)Download
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You may avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws.Customer is advised to take an independent view from tax consultant.
* The above premium is applicable for a 30 year old, non-smoker, healthy male, who wishes to buy Kotak e-Term Plan for a Sum Assured of Rs 25,00,000, with a 45 year policy term and pays regularly with annual premium of Rs 3,200. The premium shown above is for Life Option with Level Recurring Payout option. The per day premium shown above is basis the annual premium considering 365 days. The premium is exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess shall be applicable on the above premium as per current tax laws.
** Step Up is only applicable for Regular Premium paying policy. Step Up is not applicable for Online Channel. Step Down can only be done once during the policy term and can be exercised only if Step Up option has not been chosen or if chosen but not exercised.
*** Kotak Permanent Disability Rider is not applicable for Online Channel and cannot be opted under the plan if the policyholder has opted for Life Secure option
# 7 & 15 Pay is not applicable for Online Channel
## Half Yearly and Quarterly mode is not applicable for Online Channel
This is a non-participating, pure protection oriented plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders, please read the Rider Brochure. Kotak e-Term Plan UIN No.: 107N104V01, Form No. N104, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020, Kotak Permanent Disability Benefit Rider UIN No.: 107B002V03, Form No: B002. Ref. No: KLI/19-20/E-WEB/268.
Kotak Mahindra Life Insurance Company 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)
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
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.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
The Kotak Term Plan is a pure risk cover plan and an economical way of providing an adequate level of financial protection.Know more