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Kotak Life Term Insurance

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Kotak Life Term Insurance
Highlights
Claim Settlement Ratio98.50%
Customer Care8:00 AM to 10:00 PM
Death Benefit Paid For3,225 Policies
Inception2001
Presence232 Branches
Total Death Benefit PaidRs. 170.14 Crore

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Disclaimer :
1. Premium has been calculated for coverage till 60 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 Check Premium

    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

    Popularly Opted Term Insurance Sum Assured

    Explore Kotak Term Insurance

    Kotak Term Insurance User Reviews

    4.6
    Rating based on
    150 User reviews
    Write your review
    What users are saying
    • All
    • Flexibility and financial prot...

      The Kotak Life Term Insurance Policy has given me the flexibility to choose the coverage duration that aligns ...

      Read More
      P
      Kotak
      By Pooja Bhaskar
      On: May 29, 2023
    • Got friendly reminders

      A good part about buying the Kotak Life Term Insurance Policy from InsuranceDekho was that I got friendly remi...

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      P
      Kotak
      By Priya Deol
      On: May 24, 2023
    • Budget-friendly plans

      At InsuranceDekho I was able to find some best term plans offered by top insurance companies in India. It was ...

      Read More
      R
      Kotak
      By Rita Dabari
      On: May 18, 2023
    • Top-notch service

      I was offered top-notch services when I was buying Kotak Life Term Insurance Policy from InsuranceDekho. The a...

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      V
      Kotak
      By Vinay Gulati
      On: May 11, 2023
    • Chatbox feature

      The chatbox feature available on InsuranceDekho is something that I extensively used while buying Kotak Life T...

      Read More
      L
      Kotak
      By Latika Maheshwari
      On: May 09, 2023
    View All Kotak Life Term Insurance Reviews

    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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    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
    • Claim support everyday 10AM-7PM
    • 50 Lacs+ happy customers

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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.

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