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Kotak e-Term Term Insurance Eligibility

11 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

Here are some significant features of the term insurance plan:

1. Multiple Plan Options - The plan offers you 3 options to choose from which comprise Life Option, Life Plus Option, and Life Secure Option.
2. Different Pay-Out Options - There are 3 pay-out options available under this plan like Immediate Pay-Out, Level Recurring Pay-Out and Increasing Recurring Pay-Out. Policyholders can opt for any of these options based on their family needs.
3. Premium Payment Term - Policyholders can make the payment for premium in different terms which are Single Pay, Regular Pay, and Limited Pay.
4. Premium Payment Frequency - Premium payment can be done by the policyholders in different frequencies such as single, monthly, and yearly.
5. Step Down Options - This option allows policyholders to reduce their life cover on the basis of their budget and requirements.

Kotak e-Term Plan Eligibility Criteria

The eligibility criteria for Kotak e-Term Plan is tabulated below:

Eligibility

Minimum

Maximum

Entry Age

18 years

65 years (Except for Limited Pay - “Pay till 60 Years”)

50 Years (For Limited Pay - “Pay till 60 Years”)

Maturity Age

23 years

75 years

Premium Payment Term (PPT)/Policy Term (PT)

Premium Payment Term

Policy Term (PT)

Regular Pay

Same as Policy Term

Min: 5 Years

Max: 40 Years or 75 minus Age at Entry

Limited Pay

5 Payment Term

Min: 10 Years Max: 40 Years or 75 minus Age at Entry

10 Payment Term

Min: 15 Years Max: 40 Years or 75 minus Age at Entry

Pay till 60 Years (Minimum Premium Payment Term of 10 Years)

Min: 15 Years

Max: 40 Years or 75 minus Age at Entry

Single Pay

One Time Payment

Min: 5 Years Max: 40 Years or 75 minus Age at Entry

Premium Payment Option

Regular Pay, Limited Pay, and Single Pay

Premium Payment Mode

Single, Yearly, and Monthly

Modal Factor

Premium Payment Type

Premium Payment Modal Factor

Single Premium

100% of Base Premium

Regular/ Limited Pay

Yearly

100% of Annual Premium

Monthly

8.8% of Annual Premium

Premium

Minimum premium amount varies on the basis of age, gender, tobacco or non-tobacco user along with policy option, payout option, plan term, sum assured, etc.


Maximum premium has no limit, but it will depend on the maximum amount of basic sum assured that is subject to underwriting

Basic Sum Assured

Min – Rs. 25,00,000

Max – No limit, subject to underwriting

Accidental Death Benefit under Life Plus Option is subject to a maximum of Rs. 1 Crore sum assured.
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Kotak e-Term Plan Brochure

  • 958.21 KB
  • PDF Document
  • Jun 22, 2021
Download PDF

e-Term Plan Reviews

4.5
Rating based on
11 User reviews
Write your review
What users are saying
  • All
  • Customized Coverage Options

    I appreciated the ability to customize my Kotak Term Insurance- e-Term Plan-Term Insurance’s coverage with InsuranceDekho. It allowed me to tailor the policy to my family's specific needs.

    Read More

    S
    By Sharada Padukone
    On: Oct 03, 2023
  • Effortless Claims Process

    I was so relaxed while filing a claim for my Kotak Term Insurance- e-Term Plan-Term Insurance with InsuranceDeko as it was hassle-free. They make a difficult time much more manageable with their efficient claims process

    Read More

    S
    By Summi Bhatia
    On: Sep 15, 2023
  • Assistance during renewal

    The policy renewal time for my Kotak Term Insurance- e-Term Plan-Term Insurance that I purchased was approaching. To get it renewed I visited InsuranceDekho and checked the renewal procedure and get it done in a few clicks only. 

    Read More

    S
    By Sonia Mattu
    On: Aug 07, 2023
  • No hidden charges

    There were no hidden charges involved when I was buying Kotak Term Insurance- e-Term Plan-Term Insurance from InsuranceDekho. Without the involvement of any external agent, I was able to do it all by myself and save on additional costs.

    Read More

    V
    By Vaibhan Aneja
    On: Jul 17, 2023
  • Convertibility Options for Fut...

    One of the advantages of the Kotak Term Insurance- e-Term Policy from InsuranceDekho is the option to convert it into a permanent policy in the future. Having the ability to convert to a permanent policy without additional underwriting provides added flexibility and long-term planning possibilities. 

    Read More

    G
    By Gaurav Bindra
    On: Jun 28, 2023
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