Kotak Mahindra Life Insurance Company Limited
Kotak e-Term
UIN 107N129V05We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
98.8%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Life Option · Life Plus Option · Life Secure Option
Premium payment
Single Pay · Limited Pay · Regular Pay
Policy term
5–50 yrs
Surrender value
no
Free look
30 days
What this plan does well
- 11x Annualised Premium MINIMUM on Death Benefit — matches Bharti AXA, higher than industry avg
- 3 Plan Options: Life / Life Plus / Life Secure (TPD waiver)
- 3 Payout Options: Immediate Lumpsum / Level Recurring / Increasing Recurring
- Step-Up Option — enhance cover at life stage events (Marriage / Child Birth / Home Loan)
- Option to EXIT at Age 60 — DISTINCTIVE early-exit alternative
- Inbuilt Wellness Benefits at NO additional cost
- Special rates for Non-Tobacco Users + Women
- Kotak Permanent Disability Benefit Rider + CI Plus Benefit Rider available
Watch out for
- Life Secure NOT available with Single Premium
- Regular Premium NO Surrender Value (industry standard)
- Plan Option chosen at inception cannot be changed
- Payout Option chosen at inception cannot be changed
- TPD has 150-day trauma window restriction
- Industry baseline suicide exclusion 12 months — 80% premium refund only
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.