Kotak Term Insurance
Claim Settlement Ratio | 98.50% |
Customer Care | 8:00 AM to 10:00 PM |
Death Benefit Paid For | 3,225 Policies |
Inception | 2001 |
Presence | 232 Branches |
Total Death Benefit Paid | Rs. 170.14 Crore |
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:
- Kotak term Plan
- Kotak E-Term Plan
- Kotak Saral Jeevan Bima
Term Life Insurance Premium Calculator
Gender
- Male
- Female
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Choose required coverage to secure your family’s future
Best Kotak Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Best Term Insurance Plans In India
Popularly Opted Term Insurance Sum Assured
Claim Process at Kotak Term Insurance
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 80 Lacs+ happy customers
FAQs
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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.
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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.
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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.
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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.