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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 Classic Endowment Plan

A life insurance plan

You always needed protection but what if you are provided with an alternative that offers an opportunity for savings and wealth accumulation as well? Kotak Classic Endowment Plan can help in fulfilling these requirements. Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning Bonuses during the policy term.

Key features

  • Protection for a longer time

    Get protection up to the age of 75 years with this Participating endowment plan.

  • Bonus

    Earn yearly bonus from 1st policy year.

  • Convenience and flexibility

    Pay premiums as per affordability and choose from a wide range of term options as per suitability.

  • More value for Money

    More value for money through discount for high Sum Assured on maturity.

  • Riders

    Option to enhance protection through a wide range of Riders.

  • Tax Benefits

    Get tax benefits u/s Sec 80(C) and 10(10D) of the Income Tax Act.


  • Age criteria

    • Entry age
    • Regular pay: Minimum: 0 years | Maximum: 55 years
    • Limited pay: Minimum: 0 years | Maximum: 60 years (except for PT/PPT combination of 15/7 years)
    • PT/PPT combination of 15/7 years: Minimum: 0 years | Maximum: 58 years
    • Maturity Age: Minimum: 18 years | Maximum: 75 years
  • Policy

    • Policy Term: 15 to 30 years
    For minors, minimum term will be greater of; 15 years or (18 years minus age at entry as on last birthday)
  • Minimum Sum Assured on maturity

    • Determined on the basis of minimum premium amount, entry age, policy term and PPT
    • Example: Mentioned below is the sample Sum Assured on maturity at minimum premium for minimum and maximum terms at highest and lowest ages respectively:
    Age Policy Term Premium payment term Sum Assured on maturity `
    0 year 30 years 30 years ` 1,92,413
    0 year 30 years 25 years ` 1,80,366
    55 years 15 years 15 years ` 86,687
    60 years 15 years 10 years ` 61,071
    58 years 15 years 7 years ` 73,584
  • Premium

    • Minimum:
    • Regular Pay: 7,000
    • Limited Pay: 7,000 (except for PT/PPT combination of 15/7 years)
    • PT/PPT combination of 15/7 years: 12,000
    • Maximum: No limit, subject to underwriting
  • Premium Payment Details

    • Premium Payment Term (PPT): Regular Pay: Equal to Policy Term,
    • Limited Pay: 7 years for policy term 15 years | Policy term less 5 years
    • Premium Payment Option: Regular and Limited only
    • Premium Payment Mode: Yearly, Half yearly, Quarterly, Monthly
  • Modal Factor (% of annual premium):

    • Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%

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 Life Guardian Benefit Rider

    In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.

  • Kotak Accidental Disability Guardian Benefit Rider

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

  • Kotak Term Benefit Rider

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

  • 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

Insurance is the subject matter of solicitation. This is a savings-cum-protection oriented participating endowment assurance plan. For more details on risk factors, terms & conditions please read the sales brochure carefully before concluding the sale.

Kotak Classic Endowment Plan UIN: 107N082V01, Form No: N082, KTB - 107B003V03, KPTB -107B013V02, ADB - 107B001V02, PDB - 107B002V02, CIB - 107B004V03, LGB - 107B012V02, ADGB - 107B011V02.

Ref. No.: KLI/13-14/E-WEB/237

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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