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Kotak Term Insurance User Reviews

164 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
1.5 Crore
    Tax Free
    1 Cr
Starting From 706/Month
24hr Claim Settlement
Key Features:
  • Special Exit
  • 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
See More Plans
Rating of Kotak
Based on
164 User reviews
  • Policies for the family as well

    The Kotak Life Term Insurance Plan is a simplified policy that I recently bought at InsuranceDekho. It covers me and my family and also has various additional healthcare expenses. Some of these include in-patient hospitalization expenses, pre-hospitalization expenses, post-hospitalization expenses, daycare expenses, road ambulance expenses, etc. 

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    Piyush Negi
    On: Apr 27, 2023
  • Informative website

    The InsuranceDekho website is informative. I bought the Kotak Life Term Insurance plan. While purchasing it, I read about a lot of informative things on their website. I read about Human Life Value (HLV)  and the importance of the claim settlement ratio. This helped me learn new things. 

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    Anvay Trivedi
    On: Apr 20, 2023
  • Too good service

    The services offered by InsuranceDekho while buying Kotak Life Term Insurance were top-notch. Not only was I able to get answers to all my questions on time but I was also able to grab some valuable suggestions from the team. Highly recommend. 

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    Shruti Pathak
    On: Apr 18, 2023
  • Reliable benefits

    One of the best things about buying Kotak Life Term Insurance from the InsuarnceDEkho was that I could totally rely on the benefits that come along with the plans. The plan offered all the necessary benefits and is worth buying. 

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    Megha Rastogi
    On: Apr 10, 2023
  • Swift and hassle-free policy renewal

    Just some days back, I renewed my Kotak Life Term Insurance Policy with InsuranceDekho. They offered swift and hassle-free policy renewal, and I have to say, the process was a breeze. The process was very straightforward. I appreciated that they sent me reminders ahead of time, so I didn't have to worry about forgetting to renew my policy. 

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    Riddhi Desai
    On: Apr 05, 2023
  • The fast and simple online application process

    To apply for an insurance policy you need to follow certain simple steps at the InsuranceDekho website. While buying the Kotak Life Term Insurance plan, the website asked me to follow a few quick steps and the process was done in no time. Thanks to InsuranceDekho.  

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    On: Mar 31, 2023
  • The website is easily operated

    The InsuranceDekho website is quite handy to use. All the features and information on the plans are easily and readily available. While buying the Kotak Life Term Insurance plan, I could easily look for various features, benefits, and renewal policy information. I am happy that I bought this plan and would recommend this plan to all. 

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    Nirvaan Seth
    On: Mar 28, 2023
  • The quotes are very easy to fill

      As I wanted to buy insurance, I came across the InsuranceDekho website. I was able to buy the Kotak Life Term Insurance policy within a few minutes as it was very easy to fill in the quotes and got the desired policy immediately. I am quite happy with the services and the plan.

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    On: Mar 23, 2023
  • Premium calculation made easy

      The InsuranceDekho website is easy to use. I found an online premium calculator tool to compare plans. The online tool was very easy to use and displayed several term plans according to my budget and requirements. After comparing, I chose the Kotak Life Term Insurance plan from their website. It was very easy for me to look for benefits and everything on their website 

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    Shefali Dhingra
    On: Mar 21, 2023
  • Explanation of risk factors

      When I bought the Kotak Life Term Insurance plan from the InsuranceDekho website, I was delighted at how they fearlessly explained all the risk factors that could come my way and how can I handle those risks in advance.

    Read More
    Tanmay Arora
    On: Mar 16, 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.