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  • 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.


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Kotak Income Protection plan

A Pure Protection Life Insurance Plan

In this uncertain world, we all are striving to make one thing certain that the future of ours & our loved ones is financially secured and worry-free. It’s better to plan now when the going is good, before the going gets tougher! Ensure a better future for your loved ones even in your absence with Kotak Income Protection Plan - a plan that provides Monthly Income which increases @ 6% p.a. compounding for the remaining policy term in the unfortunate event of your death along with a lump sum Assured Benefit to take care of immediate requirements.

Key features

  • Increasing Monthly Income

    This plan ensures that the chosen Monthly Income increases @ 6% p.a. compounding. So, every year your Monthly Income can grow to 106% of the previous year's Monthly Income from the end of 1st Policy year onwards.

  • Guaranteed payout period of Monthly Income

    This plan offers a minimum guaranteed payout period for the Monthly Income of 5 years in case the balance Policy Term (at the time of death of the Life Assured) is less than 5 years.

  • Assured Benefit as lump sum on Death

    In the unfortunate death of the Life Insured during policy term, the nominee will receive an Assured Benefit (equal to 12 times of the Increased Monthly Income in the Policy Year of death) in lump sum to meet immediate expenses.


  • Age criteria

    • Entry Age: 18 - 60 years

    • Maximum Maturity Age: 70 years

  • Monthly Income Level

    • Minimum: 20,000
    • Maximum: No limit, subject to underwriting acceptance
    Note: The initial Income chosen by the policyholder should be less than or equal to his / her current Monthly Income
  • Policy

    • Policy Term
    • For Regular Pay: 10-30 years
    • For 12 Pay: 17-30 years
    • For 15 Pay: 20-30 years
  • Premium

    • Minimum: Will be determined basis Monthly Income chosen, age, gender, smoking status, policy term and the Premium Payment Option chosen, Max: No limit but subject to underwriting consideration
    Note: Preferred rates will be applicable for Females and Non-smokers
  • Premium Payment Details

    • Premium Payment Term (PPT): Regular, Limited Pay: 12 & 15 yrs
    • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
  • Premium Modal Factor

    • Modal loadings used to calculate the installment Premium: Yearly -100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%

Additional protection with optional Riders

  • Kotak Accidental Disability Guardian Benefit Rider

    In case of accidental disability, outstanding premiums are waived and paid by Kotak Life Insurance

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

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Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

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. You are advised to consult your Tax Advisor for details. Goods and Services Tax & Cess shall be levied over and above premium amount shown here as per applicable tax laws.

Terms and conditions

Insurance is the subject matter of solicitation. This is a non-participating non-linked protection plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For details on riders, please refer to the Rider Brochure.

Kotak Income Protection Plan UIN: 107N095V01, Form No: N095, Kotak Accidental Disability Guardian Benefit UIN: 107B011V02, Form No: B011 Ref. No.:KLI/17-18/E-Web/106

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)


IRDAI clarifies to public that

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus.
  • Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

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