Kotak Term Plan

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Kotak Term Plan

Protect your loved ones with Kotak Term Plan – affordable premiums, flexible coverage, tax benefits, and reliable life insurance for long-term security.

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Details for Kotak Term Plan

Kotak Term Plan provides a comprehensive, affordable insurance solution with flexible premium payments and a policy tenure of 5 to 30 years. It includes death benefits, tax advantages, and optional riders such as Kotak Critical Illness Plus, Accidental Death, and Permanent Disability Benefit, ensuring added protection for you and your family. The plan also offers the option to convert to other policies. Enjoy peace of mind with enhanced coverage at a nominal cost.

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Sum Assured

3,00,000/- to 24,99,999/-

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Age

Minimum: 18 years | Max: 65 years, Maturity age – Max: 70 years

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Premium Payment Term (Mode)

Single, Yearly, Half-Yearly, and Monthly

Age

  • Minimum: 18 years | Max: 65 years, Maturity age – Max: 70 years

Rider Addons

  • Kotak Critical Illness Plus Benefit
  • Kotak Permanent Disability Benefit
  • Kotak Accidental Death Benefit Rider

Tax Benefits

  • Tax benefits are subject to conditions specified as per Income-tax Act, 1961

Policy Tenure

  • 5 to 30 years

Death Benefits

  • Lump sum benefit paid upon accidental death.

Additional Benefits

  • Enhanced protection further with optional riders. • Kotak Critical Illness Plus Benefit Rider (CIP): The Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, subject to terms and conditions. • Kotak Accidental Death Benefit Rider (ADB): Lump sum benefit paid upon accidental death. • Kotak Permanent Disability Benefit Rider (PDB): Payout in installments upon admission on becoming disabled due to accident
  • Plan Conversion Option
  • Flexible Premium Payment Options
  • Nominal Cost Insurance Plan

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