Kotak Life

Kotak Life Insurance

Kotak Mahindra Life Insurance company was founded in 2001 and is one of the fastest growing insurance companies in India, trusted by over 2 Crore policyholders nationwide with 229 branches in 149 cities* and towns in India. The company is differentiated because of its proven ability to deliver outstanding value to its customers through high customer empathy and understanding, lifetime of exceptional service and a suite of products that best leverage the combined prowess of Protection and Long Term Savings.

Kotak Life Insurance has 22 products, with more in the pipeline. The products are designed with the philosophy of providing innovative and pragmatic financial solutions, catering to the various needs of customers.
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Kotak Life insurance review

Kotak Life Insurance plans
Distribution - Number of branches pan India (March 2019)
244
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/40
Solvency Ratio (FY 2018-19) *
3.02
Number of Policies Sold (Ind+Group) *
316,150
Number of Lives Covered (Ind+Group) **
15,530,695
Claims Settlement Ratio (Ind+Group) ***
99.01%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Other Plans from this provider are

This is an economical plan that provides adequate life cover depending on the need. Lump-sum life cover is paid to the beneficiary in case of the unfortunate death of the life insured.
Kotak Pension Plan helps to accumulate a retirement kitty for the golden years to help leading a comfortable and worry-free retirement life.
Kotak Pension Plan helps to accumulate a retirement kitty for the golden years to help leading a comfortable and worry-free retirement life.
Unit Linked Insurance Plan (ULIP) is a life insurance policy which provides a combination of risk cover and investment.
Kotak Life Endowment Insurance Plan is a Traditional Participating Endowment. Thus, it is a non-linked Limited Pay Insurance Plan with Bonus facility.
To support you in achieving the dreams and aspirations of your family, Kotak Life Insurance presents Kotak Premier Moneyback Plan a savings and protection plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and provide the best to your family.
Kotak Life Insurance's Premier Life Plan is a limited premium payment, participating whole life plan. The plan provides insurance cover for death, and optional accident or disability covers along with bonus payout (if any), up to 99 years of age.
Kotak Health Shield is a critical illness insurance plan that covers the most common life-threatening health conditions in India – Cancer, Cardiac problems, Liver diseases, and Neurological Disorders. You can also include financial cover for an unfortunate event resulting from an accident in your plan.

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025