How does my nominee claim the death benefit?

The nominee needs to submit a death certificate, policy documents, and any required forms to the insurer. After verification, the payout is processed.

How much coverage should I get?

A good rule of thumb is to have coverage that is 10-15 times your annual income, but the exact amount depends on factors like debts, living expenses, and future financial goals.

Can I increase my coverage later?

Some insurers allow policyholders to enhance coverage at key life stages (marriage, childbirth) through step-up options. Otherwise, a new policy may be needed.

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OneAssure

Term Insurance

Kotak Term Insurance Plan

Compare Kotak Term Insurance Plan benefits, exclusions, ratings and related variants in one place.

2.56

Solvency

98.7

ICR

15.6

Growth

53,961.99

AUM

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

2.56

Solvency

98.7

ICR

15.6

Growth

53,961.99

AUM

About

About Kotak Term Insurance Plan

Kotak Term Plan is a pure protection life insurance plan designed to provide financial security to the policyholder’s family in case of an untimely demise. Offering high coverage at affordable premiums, it ensures that dependents are financially stable even in the policyholder’s absence. The plan comes with flexible premium payment options, multiple policy term choices, and additional rider benefits like critical illness and accidental death cover. It is ideal for individuals seeking long-term financial protection with customizable coverage options.

About Company

About Kotak Mahindra Life Insurance

Kotak Mahindra Life Insurance, established in 2001, is headquartered in Mumbai, India, is founded by Gautam Thakkar. It provides a wide range of products including protection, retirement, savings, investment, and annuity plans among the goods . In 148 Indian cities and villages, the firm provides services to 46 million clients.By providing creative and client-focused life insurance solutions, the company hopes to give its clients financial stability and peace of mind. Kotak Life Insurance is dedicated to providing value by combining sound financial standing, top-notch customer support, and a broad range of products designed to satisfy a variety of client demands.

Kotak Mahindra Life Insurance, established in 2001, is headquartered in Mumbai, India, is founded by Gautam Thakkar. It provides a wide range of products including protection, retirement, savings, investment, and annuity plans among the goods . In 148 Indian cities and villages, the firm provides services to 46 million clients. By providing creative and client-focused life insurance solutions, the company hopes to give its clients financial stability and peace of mind. Kotak Life Insurance is...

Testimonials

Kotak Mahindra Life Insurance Customer Testimonials

Customer feedback and experiences.

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family……always been available to assist with any insurance/claim queries.

Nakul N

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Inclusions and Exclusions

Inclusions and Exclusions of Kotak Mahindra Life Insurance

Terminal Illness

The Kotak Term Plan offers a Critical Illness Plus Benefit Rider that provides financial support upon the diagnosis of any of the 37 covered critical illnesses. This rider pays out the rider sum assured upon diagnosis, offering financial assistance for treatment and recovery.

Zero Cost Option

The Kotak Term Plan offers a Zero Cost Option, allowing policyholders to cease premium payments after a specified period while maintaining life coverage.

Total Permanent Disability Payout

The Kotak Term Plan offers a Permanent Disability Benefit Rider that provides financial support in the event of total and permanent disability due to an accident. Upon such a disability, the rider pays out 120% of the Rider Sum Assured over a period of five years:

Inflation Protection Coverage

The Kotak Term Plan offers inflation protection through increasing recurring payouts, where annual payouts rise by 10% for 15 years. Additionally, the Kotak Income Protection Plan increases monthly income by 6% annually.

Premium Payment Customizations

The Kotak Term Plan offers flexible premium payment options, including Single Pay, Limited Pay, and Regular Pay. Policyholders can choose monthly, half-yearly, or yearly payment frequencies to suit their financial preferences.

Terminal Illness

The Kotak Term Plan offers a Critical Illness Plus Benefit Rider that provides financial support upon the diagnosis of any of the 37 covered critical illnesses. This rider pays out the rider sum assured upon diagnosis, offering financial assistance for treatment and recovery.

Zero Cost Option

The Kotak Term Plan offers a Zero Cost Option, allowing policyholders to cease premium payments after a specified period while maintaining life coverage.

Total Permanent Disability Payout

The Kotak Term Plan offers a Permanent Disability Benefit Rider that provides financial support in the event of total and permanent disability due to an accident. Upon such a disability, the rider pays out 120% of the Rider Sum Assured over a period of five years:

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Exclusions

Death due to suicide within the first 12 months of policy inception or revival.
Participation in hazardous activities, including adventure sports and high-risk occupations.
Death resulting from drug or alcohol abuse.
Pre-existing conditions not disclosed at the time of policy issuance.
Death due to war, terrorism, or involvement in unlawful activities.
HIV/AIDS or other sexually transmitted diseases.
Death caused by self-inflicted injuries or intentional harm.
Claims arising from participation in civil commotion or riots.

Claim Process

Claim Settlement Process

Steps and flow followed by the insurer.

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How to Buy

Purchase flow from OneAssure.

Things to Remember

Keep KYC documents and nominee details ready before purchase.

Renewal

Renewal steps and key points.

FAQs

Frequently Asked Questions

Got questions about health insurance? You’re not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.