Kotak Life Insurance vs TATA AIA Life Insurance

Kotak e-Term

Premium starts ₹0/month

Max Coverage Upto

75 yrs

Claim Settlement Ratio

99.5%

Average Claim Trend

98.79%

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Sampoorna Raksha Promise

Premium starts ₹982/month

Max Coverage Upto

100 yrs

Claim Settlement Ratio

99.5%

Average Claim Trend

99.33%

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Comparison between Plans

Kotak e-Term Plan

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Maha Raksha Supreme Select

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Compare Kotak Life Insurance vs Tata AIA Life Insurance and find out which one is the best provider of term insurance plans in India 2026. Comparisons will be made based on various factors like claim settlement ratio, solvency ratio, premium amount, availability of plans and personal suitability and needs.

Which is Better: Kotak Life or TATA AIA Life?

The Insurance Regulatory and Development Authority of India has given both insurance companies their license. (IRDAI). Choose your plans wisely, depending on your coverage needs.

Choose Kotak Life Insurance: If you are searching for ULIP plans, term plans and savings plans that can be customised to meet different financial objectives, then Kotak Life Insurance provides flexible plans.
Choose TATA AIA Life Insurance: If you want to avail yourself long-term protection plans with wellness benefits and high life cover options, TATA AIA Life Insurance provides innovative plans of term and savings plans for ensuring long-term financial security.

Kotak Life Insurance vs TATA AIA Life Insurance - Comparison Table

This below table compares Kotak Life Insurance and Tata AIA Life Insurance key policy features and its eligibility criteria. Let’s discuss in detail:

Features	Kotak Life Insurance	TATA AIA Life Insurance
Claim Settlement Ratio	98.61% (FY 2024-25)	99.41% (FY 2024-25)
Solvency Ratio	2.27	1.80
Entry Age (Term Plans)	18 to 65 years	18 to 65 years
Maturity Age	Up to 85 years	Up to 100 years
Riders Available	Accidental Death Benefit Rider, Permanent Disability Benefit Rider, Critical Illness Plus Benefit Rider	Critical Illness Rider (40 illnesses), Accidental Death Benefit Rider, Waiver of Premium on Terminal Illness (inbuilt)
Premium Payment Options	Yearly / Half-Yearly / Quarterly / Monthly	Yearly / Half-Yearly / Quarterly / Monthly
Online Purchase	Yes	Yes

Note: Information based on publicly available insurer disclosures and IRDAI reports.

Term Insurance Plans Offered

The following section lists the term insurance policies that Kotak Life Insurance and Tata AIA Life Insurance provide:

Kotak Life Insurance Term Plans

Kotak Life e-Term Plan: Suitable for those who require big life cover at a low cost. It offers three payment options: lump sum, level recurring, and increasing recurring. The policy is good for young professionals and people on salary.
Kotak Life Term Plan: Ideal for people aged 18-65. A basic coverage for a person, with the option to switch to another plan, as well as a few rider additions.
Kotak Life Protect India: Ideal for people looking for a non-linked, non-participating, pure protection plan that offers comprehensive life protection with flexible coverage options, designed to ensure your family's financial future.
Kotak Saral Jeevan Bima: Ideal for homemakers, small business owners and self-employed individuals who require basic and affordable life insurance coverage till age 70. A pure risk coverage plan of ₹ 5 lakh to ₹ 25 lakh.

TATA AIA Life Insurance Term Plans

TATA AIA Sampoorna Raksha Promise: Ideal for those who want to avail long-term financial protection with additional flexibility and benefits. It is a comprehensive term plan with a life cover upto age 100.
TATA AIA Maha Raksha Supreme Select: Designed for those who wish to have cover that expands along with their duties. It is a complete term plan where policyholders can boost life cover at significant life events like marriage and childbirth. There is an education security benefit, and a built-in terminal illness cover.
TATA AIA InstaProtect Solution: Ideal for those who want a larger umbrella of protection without the need to purchase individual riders. It's a single protection plan to cover death, disability and critical disease.
TATA AIA Saral Jeevan Bima: Ideal for first-time buyers and people who want a standard life insurance plan without any frills.

Premium Comparison (Illustrative Example)

Below is the comparison done on the basis of an illustrative profile of a customer:

Age: 28 years

Sex: Male

Smoking Status: Non-Smoker

Sum Insured: Rs. 1 Crore

Policy Period: 30 years

Occupational Category: Salaried

Qualification: Graduate

Insurer	Plan	Approx. Monthly Premium
Kotak Life Insurance	Kotak e-Term Plan	Rs. 1,082
TATA AIA Life Insurance	Sampoorna Raksha Promise	Rs. 982

Premiums depend upon a person’s age, health condition, policy tenure, riders selected, and premium paying option. Source: Policybazaar

Claim Settlement Analysis

TATA AIA Life Insurance achieved a CSR of 99.41% for FY 2024-25, and 99.21% on an average basis over the last three years. The CSR for individual claims for FY 2024-25 were recorded at 98.61% and 99.63% for group claims. Both the companies have established good claim payment records with TATA AIA having an edge in the individual CSR for the last financial year.

Who Should Choose Which Insurer?

The following is a practical guide to help you decide which insurance company to choose:

Choose Kotak Life Insurance If:

You are looking for ULIP and savings plans that offer market-linked wealth creation benefits.
You want flexible policy terms and customizable payout options for long-term financial planning.
You prefer digital policy management with protection and investment benefits in one plan.

Choose TATA AIA Life Insurance If:

You are looking for high life cover term insurance plans with wellness and rider benefits.
You want comprehensive protection plans with flexible premium payment and income payout options.
You prefer long-term savings and retirement plans backed by protection-focused features.

Final Recommendation

Kotak Life Insurance and TATA AIA Life Insurance are both reliable insurance companies with good claims settlement ratios and who are IRDAI compliant. Kotak Life Insurance is better for affordable plans, bank distribution and flexibility of payouts, while TATA AIA Life Insurance is better for those who want to invest in coverage for the long run and get benefits when milestone events occur, and also reaped an appreciation from the high claims settlement ratio for individuals.

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

+On the basis of your profile

+Rs. 410/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. 410/month (Rs.14/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 rounded off to nearest 10

+Rs. 245 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.

+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. 15/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. 504/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. 494/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. 636/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. 918/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. 1,286/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.

+Rs. 453/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.582/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. 786/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. 1,592/month 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.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/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.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, 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. ₹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

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.

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