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Kotak Life Term Insurance

62 reviews Rate This
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

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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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 Get Quotes Now

    Popularly Opted Term Insurance Sum Assured

    Kotak Term Insurance User Reviews

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    What users are saying
    • All
    • Amazing benefits

      I bought the  Kotak - e term plan from the InsuranceDekho website. The plan offered me all the benefits I...

      Read More
      V
      Kotak
      By Vasu Mittal
      On: Jun 23, 2022
    • My policy was renewed in a ver...

      A year ago, I purchased the Kotak Income Protection Plan through the InsuranceDekho website. I went back to th...

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      P
      Kotak
      By Pragati Verma
      On: May 06, 2022
    • Got my policy renewed in very ...

      I bought the Kotak -e term plan from the InsuranceDekho website a year ago. I visited their site again to get ...

      Read More
      D
      Kotak
      By Dheeraj Kumar
      On: Apr 26, 2022
    • Safe payment modes

      Recently I purchased a Kotak’s e-Term plan from InsuranceDekho’s website. InsuranceDekho ensures t...

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      J
      Kotak
      By Jatin Batra
      On: Apr 20, 2022
    • Purchased at ease

      The process to buy a plan from the InsuranceDekho website is easy. I just had to follow some steps, and I was ...

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      N
      Kotak
      By Nimisha Shukla
      On: Apr 12, 2022

    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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