Kotak Term Insurance Review
Kotak Life Insurance Company offers Kotak Term Insurance Plans. Kotak life Insurance Term Plan secures you and your family all times. The Kotak Insurance Term plans are designed for both Individual and Group. Kotak Term Life Insurance is a life insurance that gives the coverage for a limited period at a fixed rate of payments. Kotak Term Insurance plan covers the life of the insured in critical situations like unfortunate accidents that lead to a death of the insured person within the policy period. After that particular period or term expires coverage at the previous rates is no longer guaranteed. Kotak Term Life Insurance is less expensive depending on the length of policy term or period so you can choose it in favor of permanent life Insurance. The Insured can pay the Premium of Kotak Mahindra Term Insurance by using Kotak Term Insurance Online Payment. You can calculate the premium for desired plan using Kotak Term Insurance Premium Calculator.
The various Kotak Life Insurance Company Individual Plans are Kotak Preferred e-Term Plan, Kotak Saral Suraksha Plan, Kotak Preferred Term Plan, Kotak Term Plan. The Kotak Term Insurance Group plans are Kotak Term Group Plan and Kotak Credit Term Group Plan. As per your requirements, you can select any of the Term insurance plans since all these Term plans are satisfying the needs of people. You can also buy Kotak Mahindra Term Insurance Online by visiting the official website of Kotak Life.
Kotak Mahindra Term Insurance Plan Details
Kotak Life Individual Term Plans Features and Benefits
The Features and Benefits vary for different Individual Term Insurance Plan as per the plans opted by the Insured.
- Quick and Hassle Free buying experience: Keeping in view of your busy & fast life, Kotak offer you Insurance in a quick & convenient way through Online Portal. The Company advisor will assist you throughout your online experience.
Low-Cost Insurance: Kotak Life will Provide significant cover at a very low premium.
Easy Sign Up: No medical tests and minimal paperwork.
- Premium Payment Options: Premiums can be paid as a lump sum annually or half-yearly depending upon your income pattern and convenience.
- Tax Benefits: You may avail tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. For information bout Tax on Insurance Policies, refer www.taxqueries.in.
- Waiver of Basic Premiums on Total & Permanent Disability: If in any unfortunate event of being totally & permanently disable during the premium payment term, all your future premiums are waived off, and the policy continues.
Kotak Life Group Term Plans Features and Benefits
The Features and Benefits vary for each Group Term Insurance Plan as per the plans opted by the Insured.
- Cost-effective plan: The Kotak Credit Term Group Plan is extremely Cost effective. Since it works on group buying principle.
- Tax Benefits: Premiums paid for employees may be listed as business expenses and are tax-deductible as per Income Tax. For information bout Tax on Insurance Policies, refer www.taxqueries.in.
- Convenient administrative and medical procedures: The medical examination norms are relaxed as per the conditions, and the documentation process is hassle-free.
- Insurance Coverage: You can avail Worldwide insurance coverage and Comprehensive coverage with simplified underwriting.
Kotak Life Insurance Term Plan Riders / Addons
Kotak Life Insurance Term Plans Riders / Addons vary for each Term Insurance Plan as per the plans opted by the Insured.
Kotak Term Plan, Kotak Term Group Plan Riders / Addons
- Accidental Death Benefit: Additional lump sum benefit over and above the basic sum assured will be paid upon accidental death.
- Accidental Disability Benefit: A Lump sum benefit is paid upon disability claim, on the basic sum assured.
- Permanent Disability Benefit: Payout in installments upon the admission of a claim of disability.
- Critical Illness Benefit: Critical Illness Benefit is payable if the member suffers from any of the critical illnesses covers that are mentioned in the plan.
Kotak Term Insurance Plans
Here we are providing the Key Benefits, Coverages of Kotak Mahindra Term Insurance Plans. You can see the list of Individual Term Insurance Plans and Group Term Insurance Plans given below.
Individual Term Insurance Plans
- Kotak Preferred e-Term Plan.
- Kotak Saral Suraksha Plan.
- Kotak Preferred Term Plan.
- Kotak Term Plan.
Group Term Insurance Plans
- Kotak Term Group Plan.
- Kotak Credit Term Group Plan.
The Insured will be covered with extra benefits as per the plan opted. For more details about Kotak Term Insurance plans, refer the below section.
Overview of Kotak Life Insurance Term Plans
Kotak Preferred e-Term Policy provides you with a high level of protection at a nominal cost. This plan provides a high level of protection for the nominal cost of INR 6,975 per annum. It includes attractive features like the unique inbuilt waiver of premium on Total & Permanent Disability and Customized Claim payout options. This policy provides a comprehensive protection in just a few clicks, aided by KK, the eAdvisor. For more information, please refer below link.
Kotak Preferred e-Term Policy
Kotak Saral Suraksha Policy is a low-cost term plan that helps in providing protection to your family. In a case of your absence in the family, it ensures their financial security. Depending upon the need you can opt for a policy term of 5 or 10 years. No medical tests and minimal paperwork. This plan provides them with an envelope of security. For detailed information, please refer below link.
Kotak Saral Suraksha Policy
Kotak Preferred Term Policy is specially designed to give that protection to your family. This plan provides a High level of protection at a nominal cost. It covers Preferential rates for female lives & non-tobacco users. As per the plan option selected the beneficiary would receive a Death Benefit. The insured will cover an amount of basic sum insured as per your protection requirement. For more information, please refer below link.
Kotak Preferred Term Policy
Kotak Term Policy is a pure risk cover plan and an economical means of providing an adequate level of financial protection. In this Plan, the beneficiary will be covered a life amount of the sum assured in a case of unfortunate death of the life insured. The plan further provides preferential rates for female lives. For detailed information, please refer below link.
Kotak Term Policy
Kotak Term Group Policy provides a life cover to the member by paying a lump sum benefit to the beneficiary in case of an unfortunate event. In this plan, you can cover other risks like disability, dismemberment, illness, family benefit and functional impairment. Individual borrowers and investors / co-borrowers /co-investors of the institution can be covered under this plan. For more information, please refer below link.
Kotak Term Group Policy
Kotak Credit Term Group Policy works on group buying principle, the Kotak Credit Term Group Plan is extremely cost-effective. This plan provides life cover to a group of borrowers of credit institutions like banks, retail finance providers etc. In this policy, you can cover other risks like disability, dismemberment, illness, family benefit and functional impairment. For detailed information, please refer below link.
Kotak Credit Term Group Policy
Kotak Term Insurance Related Documents and Posts
Here we are providing related posts of the Kotak Term Insurance. Click the below links, if you want to know the details about the Online Payment, Recruitment, Renewal, Claim Forms, and Documents.
For further information about Kotak Term Insurance Plans refer insurance.kotak.com.