• Kotak Life Online Insurance Plans

    Life Insurance
    • Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
    • Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
    • Do more with plans that offer pure protection, retirement planning and investment options

    Have you always wanted to sit at home and buy a life insurance policy simply by clicking? With Kotak Life Insurance, you can absolutely make this happen! Kotak provides exclusive online insurance plans that can be purchased on the official website. The company offers 3 types of online insurance plans. When you buy a life insurance policy online, the process is very quick and easy.

    Benefits of Kotak Life Insurance Online Insurance Plans:

    Let us take a look at some of the benefits that are provided by Kotak Life Insurance Online Insurance Plans:

    • The primary benefit of Kotak Life Insurance Online Insurance Plans is that all these 3 plans can be purchased from your home online without any hassle.
    • The application process for these insurance plans is advanced yet simple to understand.
    • All the 3 online insurance plans provided by Kotak are affordable and offer extensive protection.
    • Depending on your individual preferences, you can go for a pure protection plan or a combo plan that gives you both protection and savings.
    • Some of these plans provide a premium waiver when the policyholder is totally or partially disabled.
    • These plans require you to make a premium payment only once. This will be helpful to you as you do not have to worry about reminding yourself to pay premiums on a monthly or quarterly basis.

    List of Online Insurance Plans Provided by Kotak Life Insurance:

    These are the online insurance plans given by Kotak:

    Kotak Preferred e-Term Plan:

    This plan is one of the popular online insurance plans provided by Kotak. When you go for this plan, you can be certain that your beloved family members will be financially secure forever. Even if something unfortunate happens to you, you do not have to worry if your family will suffer. They will get the right amount of coverage required to lead a decent and comfortable life. This plan can be bought online simply by following the simple instructions provided on the website. Each step in the application process is self-explanatory and easy to follow. This is a term plan that costs Rs.6,975 p.a. When you are interested in any of the online insurance plans given by Kotak, you will be assisted by KK, the eAdvisor of Kotak.

    Benefits and Features of Kotak Preferred e-Term Plan:

    Let us take a look at the benefits and features provided by Kotak Preferred e-Term Plan:

    • This plan offers comprehensive life cover at a reasonable cost.
    • When the life insured suffers from a permanent or total disability, the premiums get waived automatically.
    • This plan can be purchased on the internet effortlessly. You can avoid the hassle of going to an insurance office.
    • This plan will help you earn tax benefits according to Section 80C and 10(10D) of the Income Tax Act, 1961.
    • This plan offers exclusive premiums for women and non-tobacco consumers. You can save on your insurance costs if you meet any of these 2 criteria.
    • If you take the Kotak e-Accidental Death Benefit Rider, you will receive additional protection.
    • If you die during the policy period, your nominee will receive the death benefit and it will depend on the features of the plan that you have selected.
    • You will be allowed to choose the period you want to be covered for and the basic sum assured.
    • This plan provides only a death benefit. You will not get a maturity benefit with this plan.
    • The death benefit can be procured either through a recurring or an immediate payout. Under a recurring payout, you will first receive 10% of the sum assured as a lump sum amount when you get your claim settled. Next, you will get 6% of the sum assured on an annual basis for 15 years. Under this plan, you may also go for a monthly option where you will receive the sum assured every month. In this case, you will get 8.22% of the annual amount. Under an immediate payout, the nominee will get the sum assured right after the life insured dies. Once the payment is received, the policy is closed.

    Kotak e-Assured Savings Plan:

    This plan has been created for those who like to protect the future of their loved ones and who are also interested in saving their income. Saving your funds is highly important as you need something to rely on for your future requirements. Along with this, you also need a sound protection plan to be assured that your dependents will be safe when you are not around. This is where a savings insurance plan comes into the picture. The Kotak e-Assured Savings Plan will help you build your personal wealth and also protect your family when in need.

    Benefits and Features of Kotak e-Assured Savings Plan:

    Let us take a look at the benefits and features offered by Kotak e-Assured Savings Plan:

    • This plan can be easily accessed online. With just a few clicks, you will be a policyholder in no time. The application process is very simple to understand.
    • You will not only receive a life cover with this plan, but also a means to increase your wealth resourcefully.
    • Whether you want to buy a new house or start a new business, you can grow your funds in this plan and use the high returns for achieving your big goals in life.
    • Keeping your personal financial aims in mind, you can simultaneously look out for your family by having a protection plan for them.
    • Under this plan, you will be given a guaranteed maturity benefit which includes accumulated guaranteed yearly additions, basic sum assured, and guaranteed loyalty addition.
    • When you pay high premiums for this plan, you will be able to enjoy maximum benefits such as better sum assured amounts, higher guaranteed loyalty additions, and higher guaranteed yearly additions.
    • You can give optimum protection to your family by choosing from a great set of riders including reduced paid-up benefit, policy loan facility, Kotak e-Accidental Death Benefit Rider, Kotak Term Benefit Rider, and high premium benefit.
    • This plan will give you tax benefits that depend on the terms and conditions given in Section 10(10D) and section 80C of the Income-tax Act, 1961.

    Kotak e-Lifetime Income Plan:

    Haven’t you always dreamt of leading a relaxed lifestyle after retiring from work? You can make your dream come true without worrying about how you will meet ends on a daily basis. You may wonder how you will survive without a steady monthly income. With the Kotak e-Lifetime Income Plan, you can rest assured stay calm and use the funds from this plan to meet your various needs.

    Benefits and Features of Kotak e-Lifetime Income Plan:

    Let us take a look at the benefits and features offered by Kotak e-Lifetime Income Plan:

    • With this plan, you can have a top-class retired life by achieving all your post-retirement plans. Whether you want to visit places across the globe or build a house in a place that is not bustling, you can make it happen with the help of Kotak.
    • This policy can be bought online without having to go to an office.
    • This plan is an instant annuity plan.
    • You can live your life to the fullest by getting a steady income on a frequent basis.
    • You will be required to pay a premium only once.
    • This plan has 4 annuity options and you can select any one of them. You can also decide how much income you want to receive over a period of time.
    • The annuity rate will depend on the single premium amount, annuitant’s age, payout frequency, and the annuity option that you have selected.
    • Under this plan, the income options include lifetime income, lifetime income with cashback, last survivor lifetime income, and lifetime income with term guarantee.
    • When the annuitant dies, the benefit payouts that are given include lifetime income, lifetime income with term guarantee, lifetime income with cashback, and last survivor lifetime income.
    • The annuity installments will be made annually, half yearly, monthly, or quarterly.
    • This plan can be gifted to your beloved folks also. You can gift it only to your grandparents, parents, spouse or siblings.
    Plan name Entry age Maturity age Premium
    Kotak Preferred e-Term Plan 18 to 65 years 28 to 75 years Minimum premium will be fixed by assessing the basic sum assured, gender, smoking status, age, premium payment option selected, policy term, immediate or recurring payout Maximum premium: There is no limit.
    Kotak e-Assured Savings Plan 3 to 60 years 18 to 75 years Minimum: Rs.20,000 p.a. Maximum: There is no limit and this depends on underwriting.
    Kotak e-Lifetime Income Plan 45 to 99 years 0 to 99 years Minimum for new customer: Rs.50,000 Minimum for current KLI Pension Plan policyholders: An amount that makes you pay the minimum annuity amount Section 4(I) of Insurance Act 1938. Maximum: There is no limit.

    Why one needs Kotak Life Insurance Online Insurance Plans?

    You should definitely take an online insurance plan offered by Kotak if you are a tech savvy person. If you are someone who is not too keen on visiting a physical office and then wait at a counter, you must go for these online plans. These plans can be bought in just a few seconds. These plans offer great life cover at very economical costs. This way, you can be stress-free about your family’s well-being. Your closest people will be able to succeed in their walks of life even if something ill-fated happens to you.

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