Kotak Home Loan EMI Calculator

Kotak Home Loan Premium Calculator is built for borrowers who want clarity before committing to a long-term responsibility. A home loan isn’t just about today’s EMI. It’s a promise that can run for 20 or 30 years, regardless of how life unfolds. Yet most people plan only for interest rates and tenure, not for disruptions that could leave the loan unpaid. This calculator, offered by Kotak Life Insurance, helps you see the actual cost of protecting your home loan against such risks.

51 Partners Insurance Partners

12.02 Crore Registered Consumer

5.9 Crore Policies Sold

We are rated ++ rating

₹1 Crore loan cover starting from 361/month+

Compare and Save upto 72% on premiums

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

No assumptions, no sales pitch. Just a clear estimate based on your loan amount and tenure, so you know exactly what mortgage protection will cost you before you decide.

What Does the Kotak Home Loan Premium Calculator Do?

The calculator shows you the premium for a Kotak Life loan protection plan based on your actual home loan details. You enter a few basics: loan amount, tenure, age, and cover type. In seconds, you get a working estimate of the Kotak Life loan insurance premium.

It also helps you compare scenarios. A shorter tenure versus a longer one. A decreasing cover versus a level cover. One-time payment versus adding the premium to your EMI. This makes the decision less emotional and far more practical.

How Does the Kotak Home Loan EMI Calculator Work?

Calculation of Home Loan EMI is manually carried out using the following formula

EMI = {P * R * (1 + R)^n} / {(1 + R)^(n 1)}

Here,

P is the principal amount of the loan availed.
R is the rate of interest.
n is the repayment tenure in months.

A Kotak Bank home loan EMI calculator integrates the formula mentioned above to calculate EMIs.

EMI Calculator

Loan Amount

₹

₹10 K
₹1,00,000
₹5,00,000
₹10,00,000
₹50,00,000
₹1,00,00,000
₹2,00,00,000
₹4,00,00,000
₹6,00,00,000
₹8,00,00,000
₹10 Cr

Interest Rate

Loan Tenure

Yrs

1 Yr
2
3
4
6
7
8
9
11
12
13
14
16
17
18
19
21
22
23
24
26
27
28
30 Yrs

Total Interest

Principal Amount

Start Investing

Understanding Coverage Options Before Looking at Cost

Premiums only make sense when you understand what you’re paying for.

With Kotak Life home loan insurance decreasing cover, the insurance amount reduces as your outstanding loan reduces. Since the risk keeps coming down, the cost stays lower. This option suits borrowers who want coverage aligned strictly with the loan balance.

With Kotak Life home loan insurance level cover, the sum assured remains the same throughout the policy term. This costs more but can leave a surplus for the family if the claim occurs early in the loan period.

The EMI calculator clearly shows the price difference between these two, which is often the deciding factor.

How Much Does Kotak Home Loan Insurance Usually Cost?

There is no flat price. The Kotak Life mortgage protection plan cost depends on:

Loan amount
Tenure
Age at entry
Type of cover chosen

When looking for a loan, borrowers often look for benchmarks like the Kotak Life home loan insurance premium per lakh. The calculator doesn't give you a set per-lakh rate, but it does help you get a pretty good idea of what your rate will be.

You can also check indicative costs for common scenarios like:

Kotak Life home loan insurance for 50 lakh loan
Kotak Life home loan insurance for 1 crore loan
Kotak Life home loan insurance 20 year premium
Kotak Life home loan insurance 30-year premium

These comparisons help you decide whether the protection fits comfortably into your long-term budget.

Term Plans

LIFE COVER

₹ 1 Crore

STARTS AT

₹ 13/day⁺

View Plan
LIFE COVER

₹ 50 Lakh

STARTS AT

₹ 8/day⁺

View Plan
LIFE COVER

₹ 75 Lakh

STARTS AT

₹ 12/day⁺

View Plan

Eligibility of Kotak Home Loan EMI Calculator and Who Can Apply?

Kotak Life home loan insurance eligibility is straightforward. The policy is available to both Kotak Life home loan insurance for salaried and Kotak Life home loan insurance for self-employed borrowers.

Eligibility depends mainly on age, loan tenure, and loan amount. Employment type matters less than repayment capacity and loan approval status.

Basic KYC and loan documents are required. The exact list of Kotak Life home loan insurance documents required is usually shared at the application stage.

Home Loan Amount

Loan Tenure

5 Years 30 Years

Interest Rate

5% 15%

Loan Tenure Completed

0 40 yrs

Get the coverage you need-quick and easy! Choosing the right Home loan insurance is now effortless. Simply enter your details, hit “Calculate,” and receive a personalized plan designed just for you.

Claims, Settlement, and Policy Management

The Kotak Life home loan insurance claim process is designed so that the claim amount is paid directly to the lender. This ensures the loan is cleared without the family having to manage paperwork with the bank.

Kotak Life maintains a strong Kotak Life home loan insurance claim settlement ratio, which is a key reason many borrowers consider the plan.

Once issued, customers can download their Kotak Life home loan insurance policy document, track Kotak Life home loan insurance policy status, and manage services through the Kotak Life home loan insurance login portal.

Refunds, Cancellation, and Foreclosure

If your loan situation changes, the policy offers flexibility.

Kotak Life home loan insurance refund rules apply in cases such as early loan closure. Policies that include Kotak Life home loan insurance foreclosure cover may allow a refund of the unused premium portion, subject to terms.

You can also opt for Kotak Life home loan insurance cancellation if needed, though refunds depend on the premium structure chosen.

Home Loan Insurance vs Term Insurance Plan

People often compare Kotak Life home loan insurance to a term plan. A term plan covers more of your life than home loan insurance does; home loan insurance is only meant to protect the loan you still owe. The calculator helps you see how big this difference is in real life, which makes the choice easier.

Final Word

The Kotak Life home loan insurance premium calculator is not just a pricing tool. It’s a clarity tool. It lets you see the real cost of protecting your home loan, test different options, and decide without pressure. Before you sign off on a policy, run the numbers yourself. When the math feels right, the decision usually does too.

People also search for

What is Term Life Insurance

FAQs

Q. Is the Kotak Home Loan Premium Calculator good for loans that last a long time?

Ans: Yes. When you use the Kotak Home Loan Premium Calculator, it takes into account the loan amount, age, loan term, and coverage to give you a good idea of how much the premium will be, even for loans with terms of 20 or 30 years. The Kotak Home Loan Premium Calculator gives you a good idea of what the premium will be, even though it may change a little at the time of proposal.
Q. Is Kotak Life home loan insurance mandatory or not?

Ans: You don't have to have Kotak Life home loan insurance by law. Lenders may suggest it to protect the home loan, but borrowers can say no or choose another way to protect themselves, like a separate term insurance policy.
Q. What are the Kotak Life home loan insurance tenure options?

Ans: The length of Kotak Life home loan insurance is usually the same as the length of the home loan. Depending on the borrower's age and the length of the loan, they can choose coverage for 10, 15, 20, or 30 years, which will last until the loan is paid off.
Q. What are the Kotak Life home loan insurance charges?

Ans: The main cost of Kotak Life home loan insurance is the policy premium. The premium depends on things like the loan amount, the length of the policy, the person's age, and the type of coverage they choose. Kotak Life Insurance offers different plan structures, so you can pay it all at once or add it to your EMIs.
Q. Can you use the Kotak Home Loan Premium Calculator before you apply for the policy?

Ans: Yes. The Kotak Home Loan Premium Calculator can help you figure out how much you can afford to pay for a home before you buy it. You can use Kotak Life Insurance to figure out premiums, compare payment terms, and guess how much coverage will cost before you apply for a policy.

Different types of Plans

Term Insurance

View Plans

Life Insurance

View Plans

List of Term Insurance Companies

View Plans

TROP

View Plans

Term Insurance For Senior Citizen

View Plans

Term Insurance For Spouse

View Plans

Term Insurance For Family

View Plans

Term Insurance For NRI

View Plans

List of Term Insurance Plan

View Plans

Life Insurance Corporation of India

View Plans

What is Term Insurance?

View Plans

Term Insurance Calculator

View Plans

1 Crore Term Insurance

View Plans

2 Crore Term Insurance

View Plans

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.