Kotak Term Plan

Life is uncertain. Unfortunate events such as the untimely death of the breadwinner may put a family at great risk of becoming financially insecure. Kotak term is a pure risk cover scheme and an economical means of providing adequate level of financial security. In this scheme, the life insurance amount (Sum Assured) is paid to the beneficiary in case of unfortunate death of life insured. As a result, the insured's family is financially well mitigated, even if the life insured is no longer around to provide.

Key features

Nominal Cost Insurance Plan: Get a high level of risk cover at a nominal cost. The scheme further provides preferential rates for female life.

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

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


Additional Protection: Increase your safety further with the optional rider.

Kotak Critical Illness Plus Benefit Rider (CIP): Rider Sum Assured will be payable for entry on any claim on any of the 37 covered critical illness subject to the terms and conditions.

Kotak Accidental Death Benefit (ADB): Payment of lump sum benefits on accidental * death.

Kotak Permanent Disability Benefit (PDB): Payout in installments upon admission on becoming disabled due to accident * An accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means.

There are no riders available for a single premium in the base plan.

For more information about riders and exclusions, please see the Individual Rider Brochure before concluding a purchase.

You want to see your family safe, secure and happy all the time. However, life is unpredictable. In order to protect your loved ones from the uncertainties of life should anything unfortunate happen to you and to ensure that they are able to cope with financial obligations, Kotak Life Insurance has prepared a Kotak term plan. Kotak term plan is a pure risk cover plan which is really an economical means of providing you with a high level of financial security. In the event of death of the insured during the tenure, the beneficiary will receive the sum assured as a lump sum. It is a non-participation plan with no maturity benefit payable.

Why should you buy this plan?

This plan is ideal for you if you want to

• Cover your life and protect your family financially in the event of unfortunate events.
• Make provisions for repayment of your financial liabilities or debts in case you are not around.

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