Kotak Mahindra Life Insurance Company Limited
Regular Term Plans
Regular Term Plans

Kotak Term Plan

Kotak Term is a pure risk cover plan and an economical means of providing an adequate level of financial protection.


Kotak Term Plan

A Life Insurance Plan

Life is uncertain. Unfortunate events like an untimely death of the breadwinner can put a family at a great risk of being financially insecure. The Kotak Term is a pure risk cover plan and an economical means of providing an adequate level of financial protection. In this plan, the life cover amount (sum assured) is paid to the beneficiary in case of the unfortunate death of the life insured. As a result, the family of life insured is well cushioned financially even if the life insured is no longer around to provide.

Key features

Nominal cost insurance plan

Get a high level of protection at a nominal cost. The plan further provides preferential rates for female lives.

Flexible premium payment options

Whether you prefer a single premium payment mode or the regular option of premium payments over the policy years, we have the right solution for you. If you opt for the regular mode, you still have the choice of yearly, half-yearly, quarterly or monthly premium payment. You get a high level of flexibility in paying premiums.

Plan conversion option

Flexibility to convert Kotak Term plan to a policy of any other plan* offered by Kotak Life Insurance (except for another term plan) before the last 5 years of the policy term to suit your needs.
*Subject to the product specific conditions.

Additional Protection

Enhance your 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 (ADB):Lump sum benefit paid upon accidental* death Kotak Permanent Disability Benefit(PDB):Payout in installments upon admission on becoming disabled due to accident * An accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means. No riders available for Single Premium in base plan.


Age Criteria
Entry age - Minimum: 18 years | Max: 65 years
Maturity age - Max: 70 years

Policy Term: 5 to 30 years

Sum Assured
Minimum: Rs. 3,00,000
Maximum: Rs. 24,99,999

Annual Premium - Min: Rs. 2,000
Max: Based on Sum Assured
Single Premium - Min: Rs. 12,000
Max: Based on Sum Assured

Premium Payment Details
Premium Payment Term (PPT): Regular Pay: Equal to Policy Term | Single Pay: Single payment
Premium Payment Option: Regular and Single pay
Premium Paying Mode: Single, Yearly, Half- yearly, Quarterly, Monthly

Modal Factor (% of annual premium)
The following modal loading will be used to calculate the installment Premium

Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.5%

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