Kotak Life Term Insurance

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Highlights
Claim Settlement Ratio96.38%
Customer Care8:00 AM to 10:00 PM
Death Benefit Paid For3,225 Policies
Inception2001
Presence232 Branches
Total Death Benefit PaidRs. 170.14 Crore

About Kotak Term Insurance

Kotak Mahindra Life Insurance Company Ltd. is one of the fastest-growing private insurance companies in India. Founded in the year 2001, Kotak Life Insurance Company provides a bouquet of affordable term insurance policies with reasonable prices of plans and premiums. When it comes to claim settlement, the company had a ratio of 96.38% for the financial year 2019-20, as per IRDA annual report. One of the core purposes of the insurer is to add value to the lives of people with the help of financial instruments that provide protection and long-term savings.

Kotak Life Insurance has won several awards. ‘Best Customer Engagement Campaign Award (Silver Medal)’ at DMAsia 2017, ‘Outlook Money Award for Life Insurance Provider’ of the Year 2017, and ‘Best Persistency Award’ at Fintelekt's DMAi Awards 2017 are a few to name.

Kotak Life Term Insurance Plans

Kotak Life offers some reliable term insurance plans to its customers. These are listed below:

  1. Kotak term Plan
  2. Kotak E-Term Plan
  3. Kotak Saral Jeevan Bima

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
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Disclaimer :
1. Premium has been calculated for coverage till 70 years
2. Eligibility depends on income, occupation and educational qualification

Kotak Life Term Insurance Plan List

Name of PlanSum Assured
e-Term Plan20 lac - 10 cr Get Quotes Now

Kotak Term Insurance User Reviews

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What users are saying
  • All
  • Hassle-free claim settlement

    I wanted to file a claim for Kotak’s e-Term plan, so I called the toll-free helpline of InsuranceDekho. ...

    Read More
    M
    Kotak
    By Mohit Verma
    On: Oct 20, 2021
  • Queries resolved within minute...

    I had some trouble purchasing Kotak’s e-term plan from the website. I contacted the help desk of Insuran...

    Read More
    Z
    Kotak
    By Zahir Buch
    On: Oct 06, 2021
  • Reliable customer service

    I wanted to purchase a term insurance plan from InsuranceDekho, but at the time of purchasing Kotak’s e-...

    Read More
    S
    Kotak
    By Sambhav Dyal
    On: Oct 05, 2021
  • Hassle-free comparisons

    It is very easy to compare several term insurance plans at the same time with the help of InsuranceDekho. The ...

    Read More
    R
    Kotak
    By Ram Malpani
    On: Sep 28, 2021
  • Hassle-free quotes comparison

    Using the online term insurance premium calculator it was very easy to compare many term insurance plans at on...

    Read More
    K
    Kotak
    By Kanishk Maggo
    On: Sep 23, 2021

Claim Process at Kotak Life Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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FAQ About Kotak Life Term Insurance

  • What is the customer helpline number of Kotak Life Insurance?

    The toll-free customer helpline number of Kotak Life is - 1800 209 8800.

  • What is the Claim Settlement Ratio of Kotak Life Insurance?

    Kotak Life featured an excellent claim settlement ratio of 96.38% for FY 2019-2020 as per the IRDA annual report.

  • What is the difference between term insurance and life insurance?

    A term insurance plan provides the sum assured to the nominees/beneficiary in case of an unfortunate event. Life insurance provides benefits at the maturity of the plan.

  • Can Non-Resident Indians (NRIs) purchase Kotak Life Term insurance plans?

    Yes, NRIs who have legal citizenship of India can purchase Kotak life term insurance plans.

  • Does Kotak Life Term insurance plans offer tax benefits?

    Kotak Life offers tax benefits under Section 80C and Section 10(10D) of The Income Tax Act, 1961.

Kotak Life Term Insurance Contact Details

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