Now you can buy life insurance plans completely online right here.
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 not only provides affordable protection but also helps accrue wealth for accomplishing your upcoming financial aims by giving guaranteed benefits.
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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.
Get protected @ less than Rs. 9/day only*
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
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
Decrease your life cover basis your requirements
Enhance your coverage with 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)Download
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Download the brochure to know more about the plan and how it can benefit you.
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.
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
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)
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