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Product Information
Protection Plans Kotak eTerm Plan
This is a pure risk cover term plan that is truly an economical means of providing you with a high level of protection. It offers special premium rates to non-tobacco users and women. In the event of death of the life insured during the term, the beneficiary would receive Death Benefit as per plan option selected.


  • High level of protection at nominal cost
  • Multiple plan options
  • Three pay-out options
  • Step up/down options
  • Tax benefits
  • Special Rates for Non-Tobacco Users & Women
Eligibility Criteria Minimum Maximum
Entry Age (as on last birthday) : 18 years 65 years
Maturity Age (as on last birthday) : 23 years 75 years
Policy Term : 5 years Upto 40 years or (75 years – Age at Entry)

Premium Payment Term (PPT) : Regular Pay: Equal to Policy Term Limited Pay:
1) 5 pay (minimum Policy Term shall be 10 years) 2) 7 pay (minimum Policy Term shall be 12 years) 3) 10 pay (minimum Policy Term shall be 15 years) 4) 15 pay (minimum Policy Term shall be 20 years) Single Pay: Onetime payment ~ 7 and 15 Pay shall not be applicable for Online Channel
Premium Payment Option : Regular, Limited and Single Pay
Premium Payment Mode : Single, Yearly, Half-Yearly , Quarterly and Monthly @ ( Half Yearly and Quarterly mode shall not be applicable for Online Channel)
Modal Factor (% of annual premium) : The following modal loadings shall be used to calculate the instalment premium in case of Regular and Limited Premium Payment Options: Yearly Half-yearly Quarterly Monthly 100% 51% 26% 8.8%
Premium : Minimum Premium shall vary based on the Age, Gender & Lifestyle (Tobacco / Non-Tobacco user) of the Life Insured along with Plan Option, Payout Option, Policy Term, Premium Payment Term and the Basic Sum Assured opted for the policy. Maximum Premium: No limit, but shall depend on the Maximum Basic Sum Assured which is subject to underwriting
Basic Sum Assured : Min – 25,00,000 Max – No limit, subject to Underwriting Policy However Accidental Death Benefit payable under Life Plus Option shall be subject to a maximum of 1 Crore