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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

  • Wide budget range

    The life insurance policies available for purchase on InsuranceDekho belong to a wide range of budgets. So, irrespective of your budget preferences, you would get a suitable policy. My Kotak Saral Jeeva Bima life insurance plan is completely within my budget. 

    P
    Purnima Banerjee
    On: Jun 28, 2021

  • Learned the policy features

    Learning about various policy features under the same platform is a big achievement. It is less time consuming and streamlined. I bought a Kotak E- Term Plan from InsuranceDekho. The website helped me with everything I needed while booking a term insurance plan. 

    T
    Tribeni Samaddar
    On: Jun 25, 2021

  • Proactive helpdesk

    When I was stuck at the payment portal of InsuranceDekho unable to proceed with the premium payment, the proactive help desk of InsuranceDekho came to my rescue. The expert instantly evaluated and resolved the issue. Later I booked Kotak E-Term Plan. 

    I
    Indrajit Taradar
    On: Jun 23, 2021

  • Seamless policy documentation

    Policy documentation on InsuranceDekho was seamless.  I started off with generating free quotes and comparing them until I found Kotak Life’s e-Term Plan. The policy is well within my budget and offers optimum coverage. 

    S
    Senajit Chaki
    On: Jun 21, 2021

  • On-time claim settlement

    Settlement of claim on InsuranceDekho under Kotak Life e-Term Plan was executed on time. As a nominee, I intimated the carrier, submitted all the relevant documents and after the approval, the claim got settled. 

    D
    Debarghya Patra
    On: Jun 17, 2021

  • Budget-friendly policies

    The benefits of investing in term insurance are many. It is also crucial to stay within a budget. I am glad that the policies available on InsuranceDekho are budget-friendly which encourages customers irrespective of their financial background to invest. I hold Kotak’s Life e-Term Plan. 

    R
    Rayana Mullick
    On: Jun 15, 2021

  • Best insurance companies

    Within a few seconds of visiting InsuranceDekho, you will find the latest updated list of best insurance companies that have high claim settlement ratios and solvency ratios. I checked the list and bought a Kotak Life e-Term Plan.

    P
    Papia Rakshit
    On: Jun 11, 2021

  • Ease of access to quotes

    Getting access to free quotes on InsuranceDekho is super easy. I just filled in certain basic information related to my family and myself. Within seconds I received many quotes. I compared and bought Kotak Life’s e-Term Plan. 

    R
    Rakesh Bali
    On: Jun 09, 2021

  • Active support team

    I am glad that the support team of InsuranceDekho is always active. I was needed to resolve a claim-related query regarding my Kotak Life’s e-Term Plan. I called the helpline number and the executive patiently listened to my query and resolved it in no time. 

    M
    Mainak Santra
    On: Jun 07, 2021

  • Time-convenient

    I purchased Kotak Life Term Insurance from the InsuranceDekh website. It took me only a few minutes to purchase the term plan and the entire process was digital, convenient, and very time-saving. It was a good first experience with InsuranceDekho. 

    K
    Khushi Khillon
    On: Invalid date

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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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