FINVESTguru: We Care Your Money (Insurance): KOTAK TERM INSURANCE

Term Insurance

You want to see your family secure and happy at all times. However, life is unpredictable. To protect your loved ones, should anything unfortunate happen to you and ensure that they are able to cope with their financial obligations, you need a good term insurance plan, like Kotak Life Insurance's Kotak Term Plan.

Term Insurance Plan

Why is Kotak Term Plan an ideal term insurance plan?

Kotak Term Plan is a pure risk cover plan and truly an economical way of getting a high level of financial protection. Our Kotak Preferred Term Plan offers special premium rates to non-tobacco users and women, for a sum assured of Rs. 25 lakhs or more.

Advantages of the Kotak Term Insurance Plan

Term Insurance Premium

· A truly low-cost plan that offers high cover at low term insurance premiums

· Special rates for women and non-tobacco users

· Choice of premium payments

· Options - regular, single and limited premium payment option to convert to any other plan

Key Features of the Kotak Term Plan

You may avail of the following non-participating value-adds for a nominal term insurance premium at the time of taking your policy, subject to aggregate premium on all value-adds (except Critical Illness Benefit) not exceeding 30% of the basic Kotak Term Plan premium.

Truly a low cost insurance plan

Kotak term insurance plans offer the benefit of high life cover at economical prices.

Special Premium Rates

Kotak Preferred Term Plan offers women and non-tobacco users with even lower term insurance premium rates for a sum assured of Rs. 25 lakhs and above.

Flexibility in payment of premiums

You may choose from the following premium payment terms for the term insurance -- Single, Regular and Limited Premium Payment (3 and 5 years) options.

If you opt for a regular or limited premium payment option, you can pay your premiums annually, half yearly, quarterly or monthly*.

Death Benefit

In the event of death during the term, the beneficiary would receive the sum assured.

Conversion Option

You may convert your Kotak Term Plan to any other plan offered by Kotak Life Insurance (except for another term plan) provided there are at least 5 years before cover ceases.

Value Adds of Kotak Term Plan

You may avail of the following benefits for a nominal additional premium if you have selected regular term insurance premium payment option.

· Accidental Death Benefit (ADB)

· Permanent Disability Benefit (PDB)

· Critical Illness Benefit (CIB)

Tax benefits of the term insurance plan

You can avail of tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. Premiums paid for Critical Illness Benefit (CIB) qualify for a deduction under Section 80D. Tax benefits are subject to change in the tax laws. You are advised to consult your tax advisor for details.

For more details on risk factors, terms and conditions please download the product brochure

Kotak Term Plan UIN No.: 107N005V03, Form No. N005, Kotak Preferred Term Plan UIN No.: 107N009V03 Form No. N009 Accidental Death Benefit 107C001V01, Form No. C001 / Permanent Disability Benefit 107C002V01 , Form No. C002 / Critical Illness Benefit 107C004V02 , Form No. C004 Ref No: KLI/09-10/E-WEB/076 Insurance is a subject matter of solicitation. For detailed terms and conditions we advise you to refer to the specific policy documents.

Ref No. – KLI/09-10/E-Web/076