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.

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Death Benefit
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Maturity Benefit
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3 additional riders
Compare this plan with other Term Plans
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Key Features

It is a pure Term Insurance Policy
  • It is a pure Term Insurance Policy for Rs 25 lakhs and above with Death Benefit only and no Maturity Benefit, which can be purchased online without any agent intervention.
Option to move to other non-term plans of Kotak Life Insurance.
Option to Step Up the life cover on any event without any medical underwriting with an additional premium.
  • On Marriage- 50% of the Sum Assured can be increased.
  • House Purchase- 50% of the Sum Assured can be increased.
  • Birth or Legal Adoption of a child- 25% of the Sum Assured can be increased.
  • On 1st, 3rd and 5th policy anniversary- 25% of the Sum Assured can be increased.
  • This option can be exercised at one or more of the events listed above, provided your total revised Sum Assured is not more than 3 times your original Sum Assured.
The policy can be Stepped Down also if further increase in sum assured is not required.
Non-smoker and women discounts are available.


Death Benefit

In case of death of the life insured, the nominee would get the sum assured under this policy.

Maturity Benefit

There are no maturity benefits under this plan.

Income Tax Benefit

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






Sum Assured (in Rs.)


No Limit

Policy Term (in years)



Premium Payment Term (in years)

Equal to policy term

Equal to policy term

Entry Age of Policyholder



Age at Maturity



Single premium (in Rs.)



Payment modes

Yearly, Half-yearly, Quarterly and Monthly


angle down iconWhat happen if you stop paying the premium ?

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.

angle down iconWhat happen if you want to surrender the policy ?

Surrender Benefit option is not available in this policy.

angle down iconWhat happen if you want a loan against your policy ?

Loan facility is not available under this policy.