Kotak e-Term Plan

E-Term Plan is an online version of pure 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.

Plan Name	e-Term Plan
Product Type	Term Life Insurance
UIN	107N104V01

Special Rates

Low Cost

Different Options

Compare this plan with other Term Plans

Key Features

Death Benefit only

It is a pure Term Insurance Policy with Death Benefit only and no Maturity Benefit, which can be purchased online without any agent intervention.

No need of medical underwriting

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.

Option to change premium

Option to move to other non-term plans of Kotak Life Insurance.
The policy can be Stepped Down also if further increase in sum assured is not required.

Enhanced Protection

Enhanced Protection against Accidental Death, Critical Illness and Total Permanent Disability

Special Rates

Special Rates for Non-Tobacco Users & Women

Benefits

Death Benefit

In case of death of the life insured, the nominee would receive 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

Riders

There are no riders available in this policy.

How it works

Step 1: Choose your Coverage Amount & 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 (Optional): Choose Additional Cover through 2 Riders:

Permanent Disability Benefit Rider
Critical Illness Plus Benefit Rider

Eligibility

	Minimum	Maximum
Sum Assured (in Rs.)	3,00,000	24,99,999
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

Exclusions

In case of death due to suicide within 12 months from Date of Commencement of Risk of the Policy or from date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to, 80% of the Total Premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.

FAQs

What is You stop paying the premium?

If the policy holder stops paying the premium, then the policy would lapse and all benefits would stop. You can however revive the policy within 2 years of lapsation.

Whatyou want to surrender the policy?

There are no surrender benefits in this plan.

What happen if you want a loan against your policy?

Loan facility is not available under this policy.