Kotak Value Protect
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| Economical Price | Tax Benefits1 |
| Multiple Payment Terms | Multiple Riders |
This term insurance plan offers affordable life cover up to ₹50 lakh, because your family’s dreams deserve protection, even when you're not around.
Get life coverage, starting from ₹5 lakh, at an economical price. This ensures maximum financial protection for your loved ones in case of an unfortunate event.
Female Life Insured will receive special rates throughout the premium payment term.
The Life Insured shall be eligible to avail health & wellbeing benefits such as telemedicine consultation, personal medical care & lifestyle management programs, emergency response service, home health care and pharmacy access.
You have the option to pay your premiums one-time, yearly, half-yearly, quarterly or monthly mode and also have the flexibility to change the premium payment mode on policy anniversary.
You may avail of the following rider benefits – Kotak Accidental Death Benefit Rider, Kotak Permanent Disability Benefit Rider and Kotak Critical Illness Plus Benefit Rider for a nominal additional premium.
| Parameter | Details |
|---|---|
Entry Age (Age as on last birthday) |
Minimum: 18 years, Maximum: 45 years |
Maturity Age (Age as on last birthday) |
Minimum: 23 years, Maximum: 60 years |
Policy Term (PT) |
5 | 10 | 15 | 20 years |
Premium Payment Term (PPT) |
Single Payment Option: One-time Payment Regular Payment Option: Same as Policy Term Limited Payment Option: PPT 5 Pay: PT 10, 15 & 20 Years PPT 7 Pay: PT 10, 15 & 20 Years PPT 10 Pay: PT 15 & 20 Years PPT 15 Pay: PT 20 Years |
Premium Payment Mode |
Single Pay, Regular Pay and Limited Pay |
Premium Payment Mode |
Single, Yearly, Half-Yearly, Quarterly and Monthly |
Modal Factor |
Yearly – 100% , Half yearly – 51% , Quarterly – 26% , Monthly – 8.8% of Annual Premium |
Premium |
The Annual Premium shall vary based on the Age, Gender of the Life Insured, Basic Sum Assured, Premium Payment Term, Policy Term, Distribution Channel and the Mode opted in the Policy |
Basic Sum Assured |
Minimum: ₹5,00,000; Maximum: ₹50,00,000 |
Kotak Accidental Death Benefit Rider
Lump sum benefit paid on accidental death of the Life Insured in addition to Death Benefit under the base plan.
Kotak Permanent Disability Benefit Rider
120% of the Rider Sum Assured shall be payable over a period of 5 years.
Kotak Critical Illness Plus Benefit Rider
Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, subject to terms and conditions, definitions and specific exclusions.
Kotak Value Protect is a non-participating, non-linked pure risk life insurance plan that provides affordable and high-level protection to your family in case of your unfortunate demise. It offers customisable options for additional coverage, including Accidental Death, Permanent Disability and Critical Illness.
Any individual between the age of 18 years to 45 years can buy this plan.
Minimum sum assured of ₹5 lakh and maximum sum assured of ₹50 lakh offered under this plan.
Customers can choose premium payment modes – Annual, Half-yearly, Quarterly, Monthly and Single.
1Tax Benefits & Disclaimers
You may avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Terms & Conditions:
Kotak Value Protect UIN: 107N140V01, Kotak Permanent Disability Benefit Rider UIN: 107B002V03, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02, Kotak Accidental Death Benefit Rider UIN: 107B001V04.
This is a non-participating non-linked life insurance individual pure risk product. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure.
Kotak Mahindra Bank Limited is a corporate agent of Kotak Mahindra Life Insurance Company Limited with Corporate Agency License No: CA0250. Regd. Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. The plan is offered and underwritten by Kotak Mahindra Life Insurance Company Limited.
Participation by Kotak Mahindra Bank Limited customers to buy insurance policy is purely voluntary and there is no direct or indirect linkage between the provision of banking services offered by Kotak Mahindra Bank Limited. to its customers and products/services offered by Kotak Mahindra Life Insurance Company Limited. Insurance products/services are obligations of Kotak Mahindra Life Insurance Company Limited and are not guaranteed by Kotak Mahindra Bank Limited. Kotak Mahindra Life Insurance Company Limited. shall be liable or responsible for all matters arising out of or pertaining to the insurance products/ services offered by it.
Kotak Mahindra Life Insurance Company Limited Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No. – 1800 209 8800 | Ref. No.: KLI/25-26/E-WEB/2502
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Limited under license.