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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 Term Plan

A Life Insurance Plan

Life is uncertain. Unfortunate events like an untimely death of the breadwinner can put a family at a great risk of being financially insecure. The Kotak Term is a pure risk cover plan and an economical means of providing an adequate level of financial protection. In this plan, the life cover amount (sum assured) is paid to the beneficiary in case of the unfortunate death of the life insured. As a result, the family of life insured is well cushioned financially even if the life insured is no longer around to provide.

Key features

  • Nominal cost insurance plan

    Get a high level of protection at a nominal cost. The plan further provides preferential rates for female lives.

  • Flexible premium payment options

    Whether you prefer a single premium payment mode or the regular option of premium payments over the policy years, we have the right solution for you. If you opt for the regular mode, you still have the choice of yearly, half-yearly, quarterly or monthly premium payment. You get a high level of flexibility in paying premiums.

  • Plan conversion option

    Flexibility to convert Kotak Term plan to a policy of any other plan* offered by Kotak Life Insurance (except for term plans) before the last 5 years of the policy term to suit your needs. *Subject to the product specific conditions.

  • Additional Protection

    Enhance your protection further with optional riders. Kotak Critical Illness Benefit (CIB):Portion of the basic Sum Assured paid in advance on diagnosis of the covered Critical illness subject to terms and conditions. Kotak Accidental Death Benefit (ADB):Lump sum benefit paid upon accidental death Kotak Permanent Disability Benefit(PDB):Payout in installments upon admission of claim of disability * An accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means. No riders available for Single Premium in base plan. For more details on Riders and exclusions please refer to the Individual Rider Brochure before concluding the purchase.


  • Age Criteria

    • Entry age – Minimum: 18 years | Max: 65 years
    • Maturity age – Max: 70 years
  • Policy

    • Policy Term: 5 to 30 years
  • Basic Sum Assured

    • Minimum: Rs. 3,00,000
    • Maximum: Rs. 24,99,999
  • Premium

    • No limit, but will depend on the Maximum Basic Sum Assured which is subject to underwriting
  • Premium Payment Details

    • Premium Payment Term (PPT): Regular Pay: Equal to Policy Term | Single Pay: Single payment
    • Premium Payment Option: Regular and Single pay
    • Premium Paying Mode: Single, 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– 8.5%

Additional protection with optional Riders

  • Kotak Accidental Death Benefit Rider

    In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.

  • Kotak Permanent Disability Benefit Rider

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

  • 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- 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 Term Plan UIN No.: 107N005V05, Form No. N005, ADB: 107B001V02, Form No: B001, PDB: 107B002V02, Form No. : B002, CIB: 107B004V03, Form No. B004,

Ref. No.: KLI/14-15/E-Web/386

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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