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Kotak Term Insurance Benefits

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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

Kotak Life Insurance Company is one of the leading companies in the life insurance sector. It was started with an aim to bring assurance to more and more people’s lives and to add value to their lives through financial measures of savings and protection. The company has managed to touch 30 million customers across the country. Kotak Life Insurance tends to deliver financial products to customers with a professional approach, innovative methods, and financial prudence. When it comes to term insurance, the company holds a lot of traits to be praised for which comprise from offering a range of plans to providing top-notch services.

Why To Buy Kotak Life Term Insurance?

Kotak Life Terms Insurance offers an array of benefits to its policyholders, some of which are mentioned below:

  • High Claim Settlement Ratio: Kotak Life Insurance holds a high Claim Settlement Ratio (CSR) of 96.38% in the FY 2019-20. The CSR refers to the number of claims settled by an insurer against the total claims received by it in a financial year. A higher claim settlement ratio denotes that the company settles most of its claims, which is a crucial element for every policyholder.
  • Wide Range of Products: Kotak Life Insurance offers a range of term insurance plans which includes Kotak Term Plan, Kotak E-Term Plan and Kotak Saral Jeevan Bima. These terms insurance plans are meant to secure your family at every stage of life. Its product range allows the customers to pick a policy that suits their budget and needs.
  • Economical Plans: Kotak Life Insurance provides economical term insurance plans which allow the customers to purchase the plan without any burden and making policyholders avail several benefits at affordable rates. The economical term insurance plans provide you protection against uncertainties of life with saving options.
  • Top-Notch Customer Support: Kotak Life Insurance is easily accessible by its customers to solve any of their problems anytime. The customers of Kotak insurance can connect their customer support team through call, email, chatbox, Whatsapp, and webform. Such wide and robust customer support provides peace of mind to the customers of the insurance company.
  • Award-Winning Services: Kotak Life Insurance has bagged various awards for its impeccable insurance services some of which are the ‘Best Customer Engagement Campaign Award (Silver Medal)’ at DMAsia in 2017, the ‘Outlook Money Award for Life Insurance Provider’ of the Year 2017, the ‘Best Persistency Award’ at Fintelekt's DMAi Awards in 2017, and many more. These awards signify the quality of work delivered by the company over the years.

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
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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
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.7%
Starting From 688/Month
Key Features:
  • Right Green Tick Revised Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Cover Continuance Benefit
  • Right Green Tick Insta-Payment on Claim Intimation
  • Right Green Tick Nominee's Choice payout
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.2%
Starting From 730/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 99.4%
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
See More Plans

User Reviews

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What users are saying
  • All
  • Helpful Team

    InsuranceDekho helped me understand the importance of life insurance and increasing my term coverage as my income grows. With their help, I easily upgraded my existing plan for Kotak Term Insurance through their platform. Thank you so much, team.

    N
    Kotak
    By Nandini Pandey
    On: Jun 20, 2024
  • Smooth term insurance purchase...

    Getting term insurance was surprisingly easy with InsuranceDekho! The agent listened to what I needed and helped me get Kotak Term Insurance. Now, I feel relieved knowing my family's future is secure. Huge thanks to InsuranceDekho!

    K
    Kotak
    By Kirti Bhasin
    On: Mar 06, 2024
  • Great Insurance Company

    InsuranceDekho is a nice place to buy a term insurance policy. I bought the Kotak term insurance plan from the official website of the company. It was very easy to compare the term insurance plans online and choose the best one. Thanks to the company’s amazing customer support service.

    S
    Kotak
    By Sumit Panwar
    On: Feb 01, 2024
  • Recommended Insurance Company

    The InsuranceDekho company has put in all the effort to simplify my buying process. I bought Kotak Term Insurance from the Insurancedekho website. Everything was done online which saved me a lot of travelling time. I am happy to connect with this amazing platform and will recommend it to everyone for purchasing a term insurance policy with ease.

    S
    Kotak
    By Samay Saini
    On: Dec 06, 2023
  • The best plan to secure the fu...

    The Kotak Term Insurance- e-Term Plan-Term Insurance Plan available on InsuranceDekho is one of the best term plans in my opinion. Offering great coverage and amazing benefits, everyone can easily invest in this term plan.

    P
    Kotak
    By Preeti Dayal
    On: Nov 21, 2023
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Why to Buy Term Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 80 Lacs+ happy customers

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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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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.