Kotak Term Insurance Calculator

With numerous life insurance products available in the market, the Kotak term insurance plan is surely one of the most ideal options for those individuals who are looking forward to covering themselves for a period fixed. The Kotak term is the pure risk cover plan, which provides a level of adequate financial protection.

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In case, the policyholder passes away while the policy is in force, then the nominee is entitled to receive the sum assured as per the terms and conditions of the policy.  The time an individual decides to buy a term insurance plan, it is recommended to use a Kotak term insurance premium calculator.

What is the Kotak Term Insurance Calculator?

The Kotak term plan calculator helps to have an estimate of the premium amount that an individual would end up paying consistently for the specified term plan.

The different factors such as type of plan, health conditions, age, plan tenure, the rider benefit and sum assured determines the term insurance premium amount. The Kotak term plan will help to evaluate the approximate sum of premium that an individual would end up with during the purchase of the policy. With the help of the Kotak term plan premium calculator, the policyholder can make an informed decision and select the plan that offers maximum coverage at cost-effective premium rates. Let us get into the nitty-gritty of the Kotak term insurance calculator.

What are the Details Required to Use Kotak Term Plan Calculator?

Any individual who is looking forward to buying the Kotak term plan should use the Kotak term insurance calculator. The table below shows the basic details that will be required to use the Kotak term plan premium calculator:

Details of the Plan

Personal Details

Gender

Name

Required Life Cover

Email

Policy Tenure

Phone Number

Birth Date

City and State

Premium Payment Term

Smoking Habit

What are the Benefits of Using Kotak Term Insurance Calculator?

The following are the key benefits of using the Kotak term plan calculator:

Save Time

It is mostly understood that manual calculations are a time-taking process. The Kotak term insurance calculator helps to save time and simplifies the process of getting the quote within minutes. Use the Kotak term insurance premium calculator and generate the quote quickly.

Cost-Effective

The Kotak term insurance calculator will help to determine the most cost-effective plan. Purchasing the plan online can also help an individual get the insurance plan at a special price. Using the Kotak term insurance calculator is not at all complex and determines the premium without taking much time.

Compare Plans

The Kotak term plan calculator also enables one to compare the different plans at no cost. In case an individual contacts an agent for the same then would end up paying charges for creating different plans with the difference in premiums; however, the Kotak term insurance premium calculator does it in a hassle-free manner.

Accuracy

When it comes to calculations, the human being can likely make errors. This does affect the calculation of the premium amount and that would impact an individuals’ purchasing decision to buy a Kotak term insurance plan. The Kotak term plan premium calculator provides accurate results. This online tool helps to get the quote with no mathematical error.

Best term Insurance Plans in India

How to Use Kotak Term Plan Premium Calculator?

Listed below are the steps to use the Kotak term plan premium calculator:

    • Visit the official website of Kotak Life.
    • Next, select ‘Online Plans’.
    • Under ‘Tools and Calculator’ select ‘Term Insurance Calculator’.
    • Provide all the required information correctly and then click on ‘Get Free Quote’.
    • The approximate Kotak term insurance premium amount will be shown both monthly and annually.

A term insurance plan is one of the easiest and simplest forms of life insurance. The Kotak term insurance plan will help to understand the financial requirements and the amount of sum assured that would be required by the family and the premium that needs to be paid.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 26 Reviews)
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Kotak Term Insurance Calculator Reviews & Ratings

4 / 5 (Based on 26 Reviews)
(Showing Newest 25 reviews)
Jitnesh
Boipariguda, March 02, 2021
Claim settlement is quick
One of my friend shared his review on this that the claim settlement of term plan is really good and quick. His plan was of kotak term insurance and it was really good plan with various benefits. The claim was settled on time. Thanks to team of policybazaar for suggesting some good plans.
Bhumi
Aul, February 19, 2021
Good plans
I have recently bought a term insurance plan from the kotak life insurance company and it was the process which was done with the help of policybazaar. I found the product into my budget and much convenient. Such a good plan.
Nirmal
Kheda, July 20, 2016
Kotak Insurance
Term insurance plan of mine is perfect one, and i bought this from kotak mahindra life insurance. Online renewals, updates regarding the policy and many more facilities which reduces tension of waiting in the queue. Nice investment for securing the future and it reduces taxes too.
Prashant
Gauriganj, July 11, 2016
Term plan
My term plan is perfect one and investment is less. Policy coverage is high and the claims are good which can be easily cleared by the help of staff members of the insurance company. Service is quick and online portal facility makes hassle free documentations and even renewal of the policy can be done.
Rahul
Ahmednagar, June 29, 2016
Good
The term insurance plan I have is fantastic which has low premium and paybacks are high. Service provided is quick and on time. Internet web service is nice and simple to operate. Hassle free documentations and no paperwork.
Yogesh
Shahabad, April 25, 2016
Trustworthy
I purchased kotak life term insurance plan. The premiums are ~Rs.35 K per year. The claims are good and easily sanctioned. Service facilitate by executives and staff members are very nice and fast. The policy saves taxes and it is really very good investment for future.
Varun
Kolkata, April 25, 2016
Perfect Policy
Policy plan is wonderful with huge benefits like low premiums and the policy coverage is high 90%. Claims are are good and the payback amount is around Rs.32 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Good future investment.
Chirag
Haldwani, April 25, 2016
Wonderful
Great term insurance policy plan i got from kotak mahindra life insurance. They has good in facilitate the fast services. Policy coverage is 81% and the claims are good with easy claiming process. The investment is good and it saves taxes also. The behaviour of executives and staff members are very nice.
Rohit
Delhi, April 25, 2016
Good Service
Kotak mahindra life insurance is one of the perfect insurance providers, i took term insurance policy plan. The policy is good in service and it can be buy online also. The web service is awesome and 5% less for women on premiums. Policy coverage and the claims are high. Due to online facility, it reduces the paper work and the waiting part is erased. It save taxes also.
Umakant
Lonavla, April 25, 2016
Poor Policy
The term policy plan i have is not up to the mark. The policy coverage is 66% and the claims are less. The premiums are 20 K twice a year. Services are fast and the behaviour of the executives and staff members are good. Some improvement needed in the web site.
Tarun
Krishnagiri, April 25, 2016
Awesome
I buy kotak life term insurance policy plan. The policy coverage is 86% and the premiums are low ~37 K. The claims are easily sanctioned because the service is fast from the executives side and from online web page also. The policy premiums are 5% less for women.
Ishant
Srinagar, April 25, 2016
Slow Service
The term plan which i bought from kotak mahindra life insurance has slow service issue. Policy coverage and claims are high with low investments. The executives and staff members are behave good with the customers and providing nice outputs. The daily updates are mailed and texted to me regularly.
Prabhjot
Noida, April 25, 2016
Power Plan
Policy coverage is less around 70% and the premiums are low around 21 K twice a year. Service are good and always on time. The claims are cleared easily due to quick response from the executives and staff members. Please improve your policy coverage for better performance.
Mankaran
Mohali, April 25, 2016
Great Service
Kotak life term insurance plan is very good. The policy coverage is 87% and the claims are good even the the claiming procedure is easy because the service provided by the company members are good and even the web services are even better. The premiums are low and for women get 5% less extra benefits on premiums.
Nakul
Dariyapur, April 25, 2016
Excellent Work
I have term insurance policy plan with kotak mahindra life insurance. The policy is good and the premiums are very less. The best investment and the taxes are also saved. Policy coverage and claims are good and the services are super fast. I really like my policy.
Bhavya
Agartala, April 25, 2016
Fantastic plan
Great insurance policy plan i got kotak life term insurance plan. They has good speed and responsive for any query and for any help. Policy coverage is 86% and the claims are good with easy claiming process. The investment is good and it saves taxes also.
Vishal
Lalganj, April 25, 2016
Normal Plan
The insurance policy plan i have is kotak life term insurance plan. The policy coverage is high with high claiming amount. The premiums are low and the payback returns are approx. rs.35 L. The service provided by the executives and the staff members is good with nice behaviour.
Chandan
Gopiganj, April 25, 2016
Above Average
Got insurance plan that is kotak life term insurance plan. The policy plan is above average and the premiums are low. Policy coverage and the claims are high with high payback returns. Services provided by you guys is appreciable with good behaviour of your staff members and the extra good treatment provided by the executives is very nice.
Akash
Gwalior, April 25, 2016
Fair Policy
My policy is not good because the service is slow, the policy coverage is less, Claims are not enough, premiums are high, not provided help when needed by the staff members not in the company or either on the call. Not satisfied with this policy.
Sumeet
Faizabad, April 25, 2016
Very Good
I have term insurance policy plan from kotak mahindra life insurance. Policy coverage is good and the premiums are low approx. 33 K. Claiming is easy and the waiting time is very less due to fast and on time services from executives and the staff members.
Dinesh
Jhansi, April 25, 2016
Average
I purchase kotak life term insurance policy plan. The policy plan is an average one but the premiums are low with good policy coverage ~81%. This is an online policy plan, easy to buy. The plan has 5% less on premiums for women. Premiums and claims are free from taxes.
Gautam
Holagarh, April 25, 2016
Okay
My insurance policy plan is kotak life term insurance. The policy coverage is high and the claims are high too. Claims are easily sanctioned because of fast services provided by the executives. Fantastic policy plan which provides good terms and conditions.
Manish
Muktsar, April 25, 2016
Manageable
The term policy plan i have is not as i expected. The policy coverage is 68% and the claims are less. The premiums are 20 K twice a year. Services are fast and the behaviour of the executives and staff members are good. Some improvement needed in the web site. Manageable policy plan.
Lalit
Kurukshetra, April 25, 2016
Good Policy
My kotak life term insurance policy plan is wonderful with huge benefits like low premiums and the policy coverage is high 88%. Claims are are good and the payback amount is around Rs.28 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Daily update are mailed to me.
Vaishali
Thane, March 29, 2016
Feedback
please give detials of kotak mahindra term plan
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