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Kotak Life

Kotak Premier Life Insurance

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. The term of the policy is 99 years minus the entry age.
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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

Kotak Premier Life Insurance Overview

  • Key Benefits
  • Eligibility

Key Benefits of Kotak Premier Life Insurance

  • Life Cover up to 85 years of age; or option for Whole Life coverage (till age 100 years)
  • Flexible Premium Paying Term
  • Lower premium rates for female lives1 and Standard premium rates for non-smokers
  • Enhance your protection with Optional Rider2
  • Large Sum Assured discount for Higher Coverage
  • Receive tax benefits3, as per the applicable Income Tax laws

Eligibility Criteria of Kotak Premier Life Insurance

Parameters Criteria for eligibility
Minimum age at entry 18 years
Maximum age at entry For Regular Premium Pay: 70 years For 5 Years Limited Premium Pay: 70 years For 10 Years Limited Premium Pay: 65 years
Minimum age at maturity 28 years
Maximum age at maturity 80 years

Brochure

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Policy wordings

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    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • 080-41101026
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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025