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Kotak Term Insurance User Reviews

171 reviews Rate This
Kotak 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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Choose required coverage to secure your family’s future

50L
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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
1.5 Crore
2 Crore
2.5 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.51%
Starting From ₹ 682/Month
Claim Settlement
Key Features:
  • Right Green Tick Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Nominee's Choice payout
  • Right Green Tick Voluntary Top Up
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹95.28%
Starting From ₹ 812/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.39%
Starting From ₹ 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
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Rating of Kotak
4.6
Based on
171 User reviews

  • Reasonable riders

    I found the riders available on InsuranceDekho website to be very pocket-friendly. You get what you pay for in terms of benefits and cover. I purchased the Waiver of Premium Rider under Kotak e-Term plan and am happy with my decision. 

    S
    Subhanshu Agarwal
    On: Jul 23, 2021

  • Easy claim settlement

    I had to file the claim for my Kotak Life Term Plan. I would like to thank the team at InsuranceDekho for supporting me with the claim process. I would definitely recommend the team to everyone I know. 

    S
    Sankalp Sinha
    On: Jul 21, 2021

  • No paperwork for term policy

    One thing that I do not like getting into is the paperwork that comes with a policy purchase. Thanks to the InsuranceDekho team, I bought the Kotak Life E-Term Plan without getting involved in paperwork and other unwanted formalities. So impressed! 

    C
    Chaand Miya
    On: Jul 16, 2021

  • The platform is helpful

    I visited the InsuranceDekho platform to purchase a term insurance policy. I purchased the Kotak term insurance plan after going through all the detailed information that was displayed on the portal. The insurance platform is really well designed. 

    D
    Deepak Ghai
    On: Jul 14, 2021

  • Premium calculation was simple

    Before buying the Kotak E-Term plan, I performed its premium calculation at InsuranceDekho’s website. Would definitely say that the term insurance premium calculator was much easier to use than I expected it to be.   

    S
    Sudhakar Misra
    On: Jul 12, 2021

  • Convenient comparison

    I would like to thank InsuranceDekho for making the policy comparison so convenient. I found so many parameters to compare my quotes and find the best deal. I chose Kotak Kotak Saral Jeevan Bima Plan. 

    R
    Ruchi Behra
    On: Jul 09, 2021

  • Learned about claim

    When I landed on InsuranceDekho I got to know about the two types of claim, Death claim and Maturity claim along with the instructions on how to settle them. Following the instructions, I made a Maturity claim under Kotak Term Plan and it got settled instantly. 

    K
    Kabir Sharma
    On: Jul 07, 2021

  • Outstanding experience

    Buying Kotak E- Term Plan has been an outstanding experience for me on InsuranceDekho. I generated quotes, compared, and found the befitting plan. I even got an easily downloadable brochure to gather the details. Finally, I paid the premium to confirm the subscription. 

    P
    Pawan Samuel
    On: Jul 05, 2021

  • Cost-effective riders

    The riders available for purchase on InsuranceDekho are cost-effective. The benefits and coverages they offer are well aligned with the invested budget. I am so glad that I bought Accidental Disability Benefit Rider and Waiver of Premium Rider under Kotak e-Term plan. 

    A
    Ayushi Debnath
    On: Jul 02, 2021

  • Assisted to settle a claim

    It was my first time settling a claim online and I was not sure about how to proceed. I contacted the helpline number of InsuranceDekho and got assistance from the executive to make a claim under Kotak Term Plan. The claim got settled in no time. 

    N
    Nitish Bharadwaj
    On: Jun 30, 2021

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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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FAQs

  • 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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