• Kotak Life Term Insurance Premium Calculator

    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 option

    Term insurance plans are used mainly to protect a family from financial turmoil following the unexpected death of the primary earner. This is one of the most basic types of life insurance covers offered by various companies in the market. Most of the insurance companies in the market ensure that their customers are well informed about the products available with them. Kotak Life is one such company that offers detailed information about its plans. Customers who wish to find the cost of a plan can use the term insurance premium calculator offered by the company and find it on their own.

    Need for Premium Calculators

    When it comes to term insurance plans, there are plenty of plans available in the market at present. There are 24 life insurance companies operating in the market. All these companies offer term insurance coverage for their customers. Narrowing down to one specific plan requires a lot of research. Typically, cost is one of the major factors that people consider when choosing a term insurance policy. Rather than manually calculating the cost of all products or waiting for insurers to give quotes, customers can find out the premium charges on their own with the help of premium calculators. This is the main reason why almost all insurers in the market provide premium calculators and other tools on their official websites.

    Kotak Life Term Insurance Premium Calculator

    The term insurance calculator offered by Kotak Life can be accessed using the following ways:

    • Visit the official website of Kotak Life at: https://insurance.kotak.com/einsurance/OnlineTerm.aspx?PID=EON
    • On the home page, go to the menu ‘insurance plans’ and click on ‘tools and calculators’.
    • On the resulting page, enter the specific plan for which you wish to calculate the premium.
    • Once you have chosen the plan, you will be asked to enter your personal details, cover & plan details, and other details.
    • Enter your personal details like name, date of birth, gender, email ID, mobile number, tobacco habits, location, etc.
    • After entering all the details, you will be able to check the cost of the policy.

    Alternatively, you can access the premium calculator as follows:

    • Click on the specific plan for which you have to calculate the premium amount.
    • On the page that has plan information, locate the ‘calculate premium’ button.
    • Click on the button to access the premium calculator.
    • Here, enter the required details and calculate the premium amount for the plan you have chosen.

    Advantages of using Kotak Term Life Insurance Premium Calculator

    Some of the key advantages of using a premium calculator can be listed as follows:

    • The most obvious advantage of a premium calculator is the simplification of complex data. All the factors including age, income, smoking habits, sum assured, riders, etc., are taken into consideration and the results are delivered instantly.
    • By knowing the price of various products, customers can compare the products easily and choose the best one suitable for their needs.
    • Customers can gain knowledge about various products available in the market. Knowledge about the products will help customers in their decision-making process on how to pick the best product.
    • Online premium calculators save the trouble of visiting a branch office to get a quote on a specific product. This is both time-efficient and user-friendly.


    Kotak Life has plenty of life insurance products in addition to term plans. There are separate tools available even for calculating the cost of these plans. Customers have specific requirements when they opt for a term insurance plan. The best thing about a premium calculator is that it provides customised results tailored to the needs of every individual. By finding all the relevant information about a product, customers can choose the right plan and protect their families from an unexpected financial adversity.

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