Kotak e-Term Plan

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

   

• 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

 

• 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

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.