Kotak e-Term Plan

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Ensuring the well-being and security of your family is your top priority. You strive to provide comfort, happiness, and stability to your loved ones, even in your absence. Kotak e-Term is specifically designed to offer you peace of mind by securing your family's financial future.

Kotak e-Term is a cost-effective term plan that provides a high level of protection. It offers special premium rates for non-tobacco users and women. Additionally, you have the option to enhance your coverage with various optional riders available with the plan, ensuring comprehensive protection against unforeseen circumstances.

Key Features

Low Cost Insurance
Affordable Insurance: Ensures extensive coverage at budget-friendly rates.

Multiple Plan Options

Choose between Life, Life Plus or Life Secure Option to ensure you have an ideal cover to secure your family.

Life Option	Life Plus Option	Life Secure Option
100% of Sum Assured on death shall be payable	Benefit under Life Option PLUS Accidental Death Benefit subject to 1 crore	Benefit under Life Option PLUS Waiver of Future Outstanding Premium in case Life Insured becomes Totally & Permanently Disabled

Life Option

Life Plus Option

Life Secure Option

100% of Sum Assured on death shall be payable

Benefit under Life Option

PLUS

Accidental Death Benefit subject to 1 crore

Benefit under Life Option

PLUS

Waiver of Future Outstanding Premium in case
Life Insured becomes Totally & Permanently Disabled

Three Payout Options
Choose between Immediate, Level Recurring or Increasing Recurring Payout basis your family’s requirement.

Immediate Payout	Level Recurring Payout	Increasing Recurring Payout
100% of Sum Assured on Death payable as lump-sum	10% of Sum Assured on Death payable as lump-sum PLUS 6% of Sum Assured on Death payable every year for 15 years	10% of Sum Assured on Death payable as lump-sum PLUS Increasing Payout every year by 10% p.a for 15 years starting with 6% of Sum Assured on Death

Immediate Payout

Level Recurring Payout

Increasing Recurring Payout

100% of Sum Assured on Death payable as lump-sum

10% of Sum Assured on Death payable as lump-sum

PLUS

6% of Sum Assured on Death payable every year for 15 years

10% of Sum Assured on Death payable as lump-sum

PLUS

Increasing Payout every year by 10% p.a for 15 years
starting with 6% of Sum Assured on Death

Step Up /Down Options
Increase or decrease your life cover basis on various life stages**
Customize Protection with Riders
Enhance your coverage with Kotak Critical Illness Plus Benefit Rider or /and Kotak Permanent Disability Benefit Rider
Option to Exit at Age 60 years
Get your total premiums back at age 60 through Special Exit Value
Inbuilt Wellness Benefits without any additional premium
- Telemedicine Consultation
- Personal Medical Care
- Lifestyle Management Programs
- Emergency Response Service
- Home Health Care
- Pharmacy Access
- Free Medical Checkup every 5 years

These services can be accessed through the Wellbeing App.

How Does the Plan Work?

Step 1

Choose your Coverage Amount (Basic Sum Assured) & Policy Term & Premium Payment Term based on your requirement

Step 2

Select any one of the 3 Plan Options:
- Life
- Life Plus
- Life Secure

Step 3

Select from 3 Payout Options:
- Immediate Payout
- Level Recurring Payout
- Increasing Recurring Payout

Step 4

Choose:
- Premium Paying Mode as per your requirement
- Step-Up option to increase coverage on future life stage events

Step 5

Choose Additional Cover through 2 Riders:
- Kotak Permanent Disability Benefit Rider
- Kotak Critical Illness Plus Benefit Rider

Eligibility

Eligibility Criteria

Minimum

Maximum

Entry Age (Age as on last birthday)

18 years

65 years
(Except for Limited Pay- “Pay till 60 Years”)

50 Years (For Limited Pay -“Pay till 60 Years”)

Maturity Age (Age as on last birthday)

23 years

85 years (for Life & Life Secure Option)

75 years (for Life Plus Option)

Premium Payment Term (PPT)/Policy Term (PT)

Regular Pay:

Premium Payment Term

Policy Term

Same as Policy Term

Minimum: 5 Years

Maximum:

Life & Life Secure Option: Highest of 40 Years or 75 Years less Age at Entry or
85 years less Age at Entry
Life Plus Option: Higher of 40 Years or 75 Years less Age at Entry

Limited Pay:

Premium Payment Term	Policy Term
Premium Payment Term	Minimum	Maximum
5 Pay	10 years	Life & Life Secure Option: Highest of 40 Years or 75 Years less Age at Entry or 85 Years less Age at Entry Life Plus Option:Higher of 40 Years or 75 Years less Age at Entry
7 Pay	12 years
10 Pay	15 years
15 Pay	20 years
Pay till 60 Years (Minimum Premium Payment Term of 10 Years)	15 years

Single Pay:

Premium Payment Term

Policy Term

One Time Payment

Minimum: 5 Years

Maximum:

Life Option: Highest of 40 Years or 75 Years less Age at Entry or
85 Years less Age at Entry
Life Plus Option: Higher of 40 Years or 75 Years less Age at Entry

Premium Payment Option

Regular, Limited and Single Pay

Premium Payment Mode

Single, Yearly, Half-Yearly, Quarterly and Monthly

Modal Factor

The following modal loadings shall be used to calculate the instalment premium in case of Regular and Limited Premium Payment Options:

Premium Payment Type	Premium Payment Modal Factor
Single Premium	100% of Base Premium

Regular/ Limited Pay
Yearly	100% of Annual Premium
Half-Yearly	51% of Annual Premium
Quarterly	26% of Annual Premium
Monthly	8.8% of Annual Premium

Premium

Minimum Premium shall vary based on the Age, Gender & Lifestyle (Tobacco / Non-Tobacco user) of the Life Insured along with Plan Option, Payout Option, Policy Term, Premium Payment Term, Distribution Channel and the Basic Sum Assured opted for the policy.

Maximum Premium: No limit, but shall depend on the Maximum Basic Sum Assured which is subject to underwriting.

Basic Sum Assured

Minimum: ₹ 51,00,000

Maximum: No limit, subject to Underwriting Policy

However Accidental Death Benefit payable under Life Plus Option shall be subject to a maximum of ₹ 1 Crore

Life Secure option shall not be applicable for Single Pay Policy

Additional Protection with optional Riders

Kotak Critical Illness Plus Benefit Rider - 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, definitions and specific exclusions
Kotak Permanent Disability Benefit Rider - 120% of the Rider Sum Assured shall be payable over a period of 5 years. Kotak Permanent Disability Benefit Rider shall not be available for ‘Life Secure’ Option.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Kotak e-Term, UIN: 107N129V03, Kotak Critical Illness Plus Benefit Rider, UIN: 107B020V02; Kotak Permanent Disability Benefit Rider, UIN: 107B002V03.

This is a non-participating non-linked life insurance individual pure risk product. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders, please read the Rider Brochure. You may avail of tax benefits as per the Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

**Step Up is only applicable for Regular Premium paying policy. Step Down can only be done once during the policy term and can be exercised only if Step Up option has not been chosen or if chosen but not exercised.
***Kotak Permanent Disability Rider cannot be opted under the plan if the policyholder has opted for Life Secure option.

This website content only gives the salient features of the plan.

Kotak Mahindra Bank Ltd. is a corporate agent of Kotak Mahindra Life Insurance Company Limited with Corporate Agency License No: CA0250. Regd. Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. The plan is offered and underwritten by Kotak Mahindra Life Insurance Company Limited.

Participation by Kotak Mahindra Bank Ltd.’s customers to buy insurance policy is purely voluntary and there is no direct or indirect linkage between the provision of banking services offered by Kotak Mahindra Bank Ltd. to its customers and products/services offered by Kotak Mahindra Life Insurance Company Ltd. Insurance products/services are obligations of Kotak Mahindra Life Insurance Company Ltd and are not guaranteed by Kotak Mahindra Bank Ltd. Kotak Mahindra Life Insurance Company Ltd. shall be liable or responsible for all matters arising out of or pertaining to the insurance products/ services offered by it.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No. – 1800 209 8800 | Ref. No.: KLI/24-25/E-WEB/2135.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.