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Kotak Term Insurance Benefits

166 reviews Rate This
Claim Settlement Ratio98.50%
Customer Care8:00 AM to 10:00 PM
Death Benefit Paid For3,225 Policies
Presence232 Branches
Total Death Benefit PaidRs. 170.14 Crore

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

Best Kotak Term Insurance Plans

1 Crore
2 Crore
    Tax Free
    1 Cr
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans

Benefits of Kotak Term Insurance

Kotak Life Insurance Company is one of the leading companies in the life insurance sector. It was started with an aim to bring assurance to more and more people’s lives and to add value to their lives through financial measures of savings and protection. The company has managed to touch 30 million customers across the country. Kotak Life Insurance tends to deliver financial products to customers with a professional approach, innovative methods, and financial prudence. When it comes to term insurance, the company holds a lot of traits to be praised for which comprise from offering a range of plans to providing top-notch services.

Why To Buy Kotak Life Term Insurance?

Kotak Life Terms Insurance offers an array of benefits to its policyholders, some of which are mentioned below:

  • High Claim Settlement Ratio: Kotak Life Insurance holds a high Claim Settlement Ratio (CSR) of 96.38% in the FY 2019-20. The CSR refers to the number of claims settled by an insurer against the total claims received by it in a financial year. A higher claim settlement ratio denotes that the company settles most of its claims, which is a crucial element for every policyholder.
  • Wide Range of Products: Kotak Life Insurance offers a range of term insurance plans which includes Kotak Term Plan, Kotak E-Term Plan and Kotak Saral Jeevan Bima. These terms insurance plans are meant to secure your family at every stage of life. Its product range allows the customers to pick a policy that suits their budget and needs.
  • Economical Plans: Kotak Life Insurance provides economical term insurance plans which allow the customers to purchase the plan without any burden and making policyholders avail several benefits at affordable rates. The economical term insurance plans provide you protection against uncertainties of life with saving options.
  • Top-Notch Customer Support: Kotak Life Insurance is easily accessible by its customers to solve any of their problems anytime. The customers of Kotak insurance can connect their customer support team through call, email, chatbox, Whatsapp, and webform. Such wide and robust customer support provides peace of mind to the customers of the insurance company.
  • Award-Winning Services: Kotak Life Insurance has bagged various awards for its impeccable insurance services some of which are the ‘Best Customer Engagement Campaign Award (Silver Medal)’ at DMAsia in 2017, the ‘Outlook Money Award for Life Insurance Provider’ of the Year 2017, the ‘Best Persistency Award’ at Fintelekt's DMAi Awards in 2017, and many more. These awards signify the quality of work delivered by the company over the years.

Kotak Term Insurance User Reviews

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What users are saying
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  • What I appreciate most about InsuranceDekho is that I was able to customize the Kotak Term Insurance- e-Term P...

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    By Prabhat Sarkar
    On: Oct 19, 2023
  • Applying for term insurance with InsuranceDekho was a breeze. The online application process was user-friendly...

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    By Satinder Singh
    On: Oct 18, 2023
  • InsuranceDekho's user-centric approach is evident in every aspect of their service. I experienced the best ser...

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    By Drigha Shankar
    On: Sep 21, 2023
  • InsuranceDekho doesn't just sell policies; it provides financial planning assistance. Through the Kotak Life T...

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    By Parmeet Sinha
    On: Sep 12, 2023
  • This was my first time purchasing an insurance plan from InsuranceDekho. I learned about the online premium ca...

    Read More
    By Nikesh Murlidhar
    On: Aug 22, 2023
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Kotak Term Insurance Contact Details

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Claim Process at Kotak 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 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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