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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 e-Term Plan

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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 Critical Illness Plus Benefit Rider on payment of additional premiums, therefore ensuring a complete cover against the unfortunate eventualities.

Key features

  • High Level of Protection at Nominal Cost

    Get protected @ less than Rs. 9/day only*

  • Multiple Plan Options

    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, subject to a maximum of Rs. 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

  • Three Pay-out Options

    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

  • Step Down options

    Decrease your life cover basis your requirements

  • Customize Protection Through a Rider

    Enhance your coverage with Kotak Critical Illness Plus Benefit Rider


  • Age Criteria

    • Entry Age: Minimum – 18 years | Maximum – 65 years
    • Maturity Age: Minimum – 23 years | Maximum – 75 years
  • Policy Term

    • Minimum – 5 years
    • Maximum – up to 40 years or “75 years – Age at Entry”​
  • Basic Sum Assured

    • Minimum – Rs 25,00,000
    • Maximum – Subject to underwriting
  • Premium

    • Minimum - Will be determined basis plan option, pay-out option, age, gender, smoking status, policy term, premium payment mode, premium payment frequency and Basic Sum Assured opted for the policy
    • Maximum - No limit but subject to underwriting consideration
    • Note: Preferred rates will be applicable for females and non-smokers
  • Premium Payment Term (PPT)

    • Regular Pay: Equal to Policy Term
    • Limited Pay: 5 / 10 pay
    • Single Pay: Single payment
  • Premium Payment Option

    • Regular, Limited & Single Pay
  • Premium Payment Mode

    • Yearly, Monthly
  • Modal Factor (% of annual premium)

    • The following modal loading will be used to calculate the instalment Premium:
    • Yearly – 100% | Monthly – 8.8%

Additional protection with optional Riders

  • Kotak Critical Illness Plus Benefit Rider

    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)

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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.


* 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 3,125. 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.The features mentioned above is applicable for Kotak e-Term Plan sold through Online Channel.

Terms & Conditions:

This is a non-participating, pure protection oriented plan. For more details on risk factors, terms and conditions, please read sales brochure of the product and riders carefully before concluding a sale. Kotak e-Term Plan UIN No.: 107N104V01, Form No. N104, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020. Ref. No: KLI/17-18/E-WEB/556

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.