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  • Kotak Preferred e-Term Plan

    Kotak Preferred 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.

  • Kotak e-Lifetime Income Plan

    Kotak e-Lifetime Income Plan gives you the assurance of regular stream of income throughout your lifetime to lead a care-free life.


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Kotak Preferred Term Plan

Support your family even in your absence

Your family is precious to you and you want to see them secure at all times. Even when you are not around, you have to ensure that they are going strong financially. Kotak Preferred Term Plan is specially designed to let you give that assurance to your family.

It is a pure risk cover 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.

Key features

  • High level of protection at a nominal cost

    Secure your family’s future at a nominal cost. This cover offers high protection with little investment.

  • Two death benefit payout options

    Choose what you think is the best for your family. PickImmediate Payout or Recurring Payout options to ensure that your family receives funds timely to cover their every need.

  • Step up / Step Down options to increase/decrease cover

    Change the coverage provided by the policy as per your life situations.

  • Customize protection through available Rider

    In addition to the protection provided by the base policy, enhance the benefits your family can receive through a rider.

  • Kotak Critical Illness Benefit (CIB)

    Portion of the basic Sum Assured is paid in advance on diagnosis of the covered Critical illness subject to terms and conditions.

  • Tax benefit

    Tax benefit on premiums paid u/s 80(C) and benefit received u/s 10(10D) subject to tax laws

  • Preferential rates

    Preferential rates for female lives and non-tobacco users

  • Premium

    Flexible premium payment options


  • Age Criteria

    • Entry age: Minimum: 18 years | Maximum: 65 years
    • Maturity age: Min: 23 years | Max: 75 years
  • Policy

    • Policy Term: 5 to 40 years
  • Basic Sum Assured

    • Minimum: Rs. 25,00,000
    • Maximum-limit: subject to Underwriting
  • Premium

    • Minimum: Will be determined basis Monthly Income chosen, age, gender, smoking status, policy term and the Premium Payment Option chosen
    • Maximum: No limit but subject to underwriting consideration
    Note: Preferred rates will be applicable for Females and Non-smokers
    Premium Payment Mode Policy Term (years)
    Minimum Premium based on ` 25 Lakhs Sum Assured
    Recurring Payout Option (`) Immediate Payout Option (`)
    Regular Pay 5 ` 3,700 ` 4,075
    Single Pay 5 ` 10,375 ` 11,700
    5 year Limited Pay 10 ` 4,925 ` 5,550
    7 year Limited Pay 12 ` 4,225 ` 4,750
    10 year Limited Pay 15 ` 3,775 ` 4,225
    Max: No limit, but will depend on the Maximum Basic Sum Assured which is subject to underwriting
  • Premium Payment Details

    Policy and Premium Payment Term (PPT)

    • Regular Pay: Equal to Policy Term
    • Limited Pay: 5 pay for policy term 10 to 40 years | 7 pay for policy term 12 to 40 years | 10 pay for policy term 15 to 40 years
    • Single Pay: Single payment
    • Premium Payment Option:Regular, Limited and Single pay
    • Premium Paying Mode: Yearly, Half- Yearly, Quarterly, Monthly
  • Modal Factor (% of annual premium)

    • The following modal loading will be used to calculate the installment Premium.
    • Yearly – 100% | Half yearly – 51% | Quarterly – 26% | Monthly – 8.8%

Additional protection with optional Riders

  • Kotak Accidental Death Benefit Rider

    In case of accidental death of life insured, rider sum assured will be paid along with death benefit under base plan.

  • Kotak Permanent Disability Benefit Rider

    In case of life insured being permanently disabled due to accident, benefit is paid in instalments.

  • Kotak Critical Illness Rider

    Portion of the basic Sum Assured paid in advance on diagnosis of the covered Critical illness subject to terms and conditions.

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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.

Terms & Conditions:

This is a non-unit linked non participating protection oriented plan. 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.

Kotak Preferred Term Plan UIN No.: 107N009V06, Form No. N009, Kotak CIB Rider - 107B004V03 Form No.: B004
Ref. No.: KLI/14-15/E-WEB/308

Regd. Office:

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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