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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 e-Term Plan

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A plan that adds Extra to the Ordinary

Your primary goal in life is to see your family secure & happy at all times. Your presence provides them with an envelope of security. Should your absence mean anything less?

Life is Uncertain. To help you protect your family against these uncertainties, Kotak Life Insurance presents its latest offering in the Online space - the Kotak Preferred e-Term Plan. It is a pure term plan that provides a high level of protection for nominal cost of INR 6,975 per annum*. It is loaded with attractive features like the unique inbuilt waiver of premium on Total & Permanent Disability and Customized Claim payout options. This plan provides a comprehensive protection in just a few clicks, aided by KK, the eAdvisor.

How it works

  • Saurabh Sinha is a 30 year old software engineer seeking high level of protection at an economical price.

  • He chooses immediate payout option with Basic Sum Assured of Rs. 1 Crore for a policy term of 25 years at a premium of Rs. 6,975*

  • In case of an unfortunate event of his death, his family receives the Sum Assured on death and the policy terminates.

  • The lump sum amount enables Mr. Sinha’s family to handle their financial smoothly, even in his absence.

Key features

  • High cover at a very low cost

    Get a high level of protection at a nominal cost. You can get insured for as a nominal cost of INR 6,975 per annum*. The plan further provides preferential rates for female lives & non-tobacco users.

  • Waiver of Basic Premiums on Total & Permanent Disability

    In the unfortunate event of you being totally & permanently disabled during the premium payment term, all future premiums are waived off & the policy continues.

  • Customized Claim Payout Options

    In case of any unfortunate event, secure your family's income with customized payout options such as: Recurring Payout – You can opt for your nominee to receive 10% of Sum Assured on death of the Life Assured as a Lump sum & the balance in 15 years as a Monthly or yearly Income Payout. In case of an exigency, this unique feature also gives the nominee an option to take the lump sum at a discounted value instead of the regular Income payouts. The discounted value will be 6.5% p.a compounding yearly of the entire outstanding regular payouts. Immediate Payout – 100% of Sum Assured will immediately be given to the nominee on death of the life assured.

  • Quick & hassle free buying experience

    Get Insurance in a quick & convenient way through our Online Portal. Your eAdvisor, KK, will assist you throughout your online experience.

  • Customize protection through optional e-Accidental Death Benefit Rider

    Attach the e-Accidental Death Benefit (e-ADB) Rider which pays out lump sum benefit on accidental death of the life insured in addition to Death Benefit under the base plan.


  • Age criteria

    • Entry Age: Minimum 18 years | Maximum 65 years
    • Maturity Age: Minimum 28 years | Maximum 75 years
  • Premium Payment Term (PPT)

    • Regular Pay: Equal to Policy Term
    • Limited Pay: 5 pay for policy term 10 to 40 years | 10 pay for policy term 15 to 40 years
    • Single Pay: Single payment
  • Policy Term

    • 10 to 40 years (in multiples of 1 year)
  • Premium Payment Option

    • Regular, Limited & Single Pay
  • Minimum Premium

    • Determined basis Plan option chosen i.e. Recurring or Immediate payout, Basic Sum Assured, Age, Gender, Policy Term, Smoking status and the Premium Payment Option chosen
  • Maximum Premium

    • No limit, subject to underwriting
  • Basic Sum Assured

    • Minimum: Rs. 25,00,000
    • Maximum: No limit, subject to Underwriting
  • Premium Payment Mode

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

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

Additional protection with optional Riders

  • Kotak e-Accidental Death Benefit Rider

    Lump sum benefit paid on accidental death of life insured in addition to Death Benefit under the base plan.

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Download the brochure to know more about the plan and how it can benefit you.

Kotak Preferred e-Term Plan

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Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

Benefits earned under this plan are in accordance with the Income Tax Act, 1961. You can avail tax benefits on:

  • Your Premiums under Section 80C.
  • Death Claim proceeds under section 10(10D).

Tax benefits under the policy will be as per the prevailing income tax laws and are subject to change in tax laws. You are advised to consult your tax adviser for details. Goods and Services Tax and Cess, as applicable, shall be levied over and above the premium amount shown here as per applicable tax laws.

Terms & Conditions

* The above Premium figures are exclusive of Goods and Services Tax and Cess for a 30 year old non tobacco user male, sum assured INR 1 Crore, Regular pay for Policy Term 25 years, Immediate Death Benefit Payout Option. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.

Kotak Life Insurance will reserve the right to call the customer for any requirements (Medical Financial etc) based on evaluation of the case. Tobacco rates will be applicable in case of tobacco usage/consumption in any form. Insurance is the subject matter of solicitation. Kotak Preferred e-Term is a non-participating, pure protection online life insurance plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders please refer the Rider brochure.

Kotak Preferred e-Term Plan UIN - 107N090V01, Form No.: N090, Kotak e-Accidental Death Benefit Rider UIN – 107B019V01 Form No.: B019, Ref No : KLI/17-18/E-Web/163

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.

“Trade Logos displayed above belongs to Kotak Mahindra Old Mutual Life Insurance Limited’s promoting partners Kotak Mahindra Bank Ltd and Old Mutual plc and used by Kotak Mahindra Old Mutual Life Insurance Limited under license”