Characteristics and Uses of Kotak Life Insurance E-Term Plan
By: Vikas Yadav
Tags: Kotak, Wishpolicy, Insurance, Company, Life

Kotak Life Insurance E-Term Plan

Kotak Life Insurance is one of the fastest-growing life insurance companies in India. It offers many types of life insurance, both online and offline. Among the most popular plans they offer is the E-Term Plan. this is a pure term insurance cover that you can buy online at a reasonable rate. Let us find out more about this life cover in the article below.

Features and benefits of Kotak Life E-Term Plan

Easy premium payments — Do you know you can get a Kotak Life E-Term cover for as less as Rs 9 a day? yes, that is indeed correct! With multiple options that are highly flexible, you easily get to maintain your term life insurance plan with paying the bare minimum amount of money.

Do you know you can get a Kotak Life E-Term cover for as less as Rs 9 a day? yes, that is indeed correct! With multiple options that are highly flexible, you easily get to maintain your term life insurance plan with paying the bare minimum amount of money. Large cover — You get a minimum sum assured of Rs 25,00,000 when you invest in a Kotak Life E-Term cover. This is a very large cover, but if you feel it’s not large enough, you can opt for a higher life cover. The underwriter will assess your application and if everything is found to be alright, a higher term life insurance cover will be granted with ease. You will have to choose a sum assured based on your life situation, responsibilities, income, health conditions, etc.

You get a minimum sum assured of Rs 25,00,000 when you invest in a Kotak Life E-Term cover. This is a very large cover, but if you feel it’s not large enough, you can opt for a higher life cover. The underwriter will assess your application and if everything is found to be alright, a higher term life insurance cover will be granted with ease. You will have to choose a sum assured based on your life situation, responsibilities, income, health conditions, etc. Riders available — Kotak Life Insurance is one of the largest life insurance companies. As a result, they have all the modern features available with their term insurance covers. You get to choose from among some excellent term insurance riders. Riders allow you to customise your plan in a way that suits you. So go over the list of available term insurance riders and buy the ones that you feel would be of greatest use to you.

Kotak Life Insurance is one of the largest life insurance companies. As a result, they have all the modern features available with their term insurance covers. You get to choose from among some excellent term insurance riders. Riders allow you to customise your plan in a way that suits you. So go over the list of available term insurance riders and buy the ones that you feel would be of greatest use to you. Different payouts available — Kotak Life Insurance understands that every family functions differently. Keeping this in mind, the insurer promises to pay the sum assured in a variety of ways after you die. You can choose an option based on the financial capacities of your family members. You can choose the lump sum term insurance payout, or a staggering payout. Choose the correct option and keep your family secured in the best possible manner.

Kotak Life Insurance understands that every family functions differently. Keeping this in mind, the insurer promises to pay the sum assured in a variety of ways after you die. You can choose an option based on the financial capacities of your family members. You can choose the lump sum payout, or a staggering payout. Choose the correct option and keep your family secured in the best possible manner. Tax savings — And finally, you get to save a lot of tax money when you buy the E-Term Plan from Kotak Life. The insurance premium you pay for the plan is tax exempted. This is available for a maximum sum of Rs 1.5 lacs in a single year. This provision is available under Section 80C of the Indian Income Tax Act. make full use of this by getting an excellent life cover and a tax rebate too.

As you can see, the E-Term Plan from Kotak Life Insurance is a very handy term life insurance plan. Do your research, analyze your needs and then see what kind of coverage you need. Choose the amount, the duration and finalize the other details such as the insurance premium payment, the payout option, etc and bring home an excellent life cover for yourself.