Kotak e-Preferred Term Plan
Kotak e-Preferred Term Plan
e-Preferred Term Plan is an online version of preferred term plan from Kotak Life Insurance Company where the nominee gets the Sum Assured as death benefit if the life insured dies within the policy tenure but nothing would be paid to the policyholder if the life insured survives. Thus this policy can be purchased without any agent intervention and hence has low and affordable premiums.
Compare this plan with other Term Plans
Kotak e-Preferred Term Plan - Key Features
...
...
Kotak e-Preferred Term Plan - Benefits
In case of death of the life insured, the nominee would get the sum assured under this policy.
There are no maturity benefits under this plan.
Life Insurance premiums paid up to Rs.1,50,000 are allowed as a deduction from the taxable income each year under section 80C
There are no riders available in this policy
Eligibility conditions and other restrictions in Kotak e-Preferred Term Plan
|
|
Minimum |
Maximum |
|
Sum Assured (in Rs.) |
25,00,000 |
No Limit |
|
Policy Term (in years) |
5 |
30 |
|
Premium Payment Term (in years) |
Equal to policy term |
Equal to policy term |
|
Entry Age of Policyholder |
18 |
65 |
|
Age at Maturity |
- |
70 |
|
Single premium (in Rs.) |
NA |
NA |
|
Payment modes |
Yearly, Half-yearly, Quarterly and Monthly |
|
Kotak e-Preferred Term Plan - FAQs
If the policy holder stops paying the premium, then the policy would lapse and all benefits would cease to exist. You can however revive the policy within 2 years of lapsation.
Surrender Benefit option is not available in this policy.
Loan facility is not available under this policy.
