Insurance.kotak.com – Kotak Life’s chosen e-Term Plan Review. If you are searching for the best life insurance e-term plan with good benefits and cheap premium, the Kotak Life’s chosen e-Term Plan is the best choice for you. The Koptak Life chosen e-term plan offers premium coverage at low prices, it one of the popular and the perfect e-term plan.
Kotak Life’s chosen e-Term Plan Review [Death Benefit, Premium Rates]
In the Kotak Life’s chosen e-term plan, the user can get the accidental death benefits with the maximum amount assured. The insurer has been completed the age of 18 years, which will be the minimum age for applying kotak life’s chosen e-term plan.
The policy term is available up to 40 years. So, the policy applier can choose any kind of the policy starts at 10 years. You can get lots of benefits if you can choose this life chosen e-term plan for your family protection and avoid financial problems in future. Here, the benefits, key features, eligibility criteria and importance of kotak Life’s chosen e-term plan is given below.
Awesome Benefits Of Kotak Life’s Chosen E-Term Plan:
- Death Benefit: In case the insured person died means, the immediate payout will be provided for the insured person family.
- Income Tax Benefit: This plan qualifies to the tax advantages under section 80C & section 10D below Income Tax Act.
- Maturity Benefit: No maturity benefit will be available for this plan.
Excellent Features Of Kotak Life’s Chosen E-Term Plan:
- It is the pure and perfect e-term insurance policy; you can apply for this plan in online.
- If the insured person will died or suffered for the major problems means, the payout will be offered to the family.
- No maturity benefits are available in the plan.
- There are two types of payout options are available for this plan such as recurring payout and immediate payout.
- Immediate Payout: The amount assured can be paid entire at one time to nominee.
- Recurring Payout: the insured person can receive ten percent of amount assured as the lump amount and balance payment can paid in the installments that can be either annually or monthly.
- The income tax benefits are available under the section 10D and section 80C to a death benefit.
Eligibility Conditions To Get Kotak Life’s Chosen E-Term Plan:
- The Minimum age for the entry is 18 years and the Maximum age for the entry is 65 years
- Minimum level for the maturity age is 28 years and the Maximum level of the maturity age is 75 years
- Policy term includes 10 years – 40 years
Why Kotak Life’s Chosen E-Term Plan?
The Kotak e-term plan is the inexpensive plan, this can offer the maximum benefits for the minimum amount. There are different kinds of payout options are available; the person can choose any kind of the plan to use. You can easily apply the comfortable plan in the online. The Kotak Life’s chosen e-term plans are safe and secured one for your family and also for you.
Premium Rates of Kotal Mahindra e-Term Plan (Insurance)
Below is table which illustrate premium rates on entry age and policy term for basic sum assured for Rs.1 cr. This premium rates are for non-tabacco users.
Claim Settlement ratio of Kotak Mahindra Life Insurance
As per the IRDA latest data, claim settlement ratio of Kotak Mahindra Life Insurance is 91%. Which is lower than LIC, HDFC and other term insurance companies. Do check out other best term insurance plans online.