Kotak 1 Crore Term Insurance

In the realm of financial planning, ensuring the well-being of your loved ones is paramount. Kotak Life Insurance recognizes this need and offers a comprehensive solution with its 1 Crore Term Insurance. Let’s discuss Kotak 1 crore term insurance offering's key features and benefits that help you decide on securing your family's future.

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12.02 Crore Registered Consumer

5.9 Crore Policies Sold

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₹1 Crore Life cover starting from ⁺

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What is Kotak 1 Crore Term Insurance?

Kotak 1 Crore Term Insurance is designed to provide substantial coverage of 1 crore rupees in the event of the policyholder's demise.

Note: Know more about what is term life insurance first before reading this article.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

What are the Features of Kotak 1 Crore Term Insurance?

Let's explore the features that set this policy apart.

Affordable Premiums: Kotak's 1 Crore Term Insurance is known for its cost-effective premium rates, making it accessible to many individuals. This affordability ensures that you can secure a significant sum assured without straining your financial resources.
Flexible Policy Terms: The policy offers flexibility in choosing the coverage tenure. Policyholders can select a term that aligns with their financial goals and the duration for which they want their family to be financially protected.
Comprehensive Coverage: With a coverage amount of one crore rupees, this term insurance plan provides a substantial financial cushion for your family. This lump-sum payout can be instrumental in meeting various financial obligations, including loan repayments, children's education, and daily living expenses.
Add-On Riders for Enhanced Protection: Kotak offers additional riders that can be attached to the base policy for added protection. These riders may include critical illness cover, accidental death benefit, and more, providing a comprehensive safety net for unforeseen circumstances.
Tax Benefits: Like many life insurance plans, Kotak 1 Crore Term Insurance offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act. This allows policyholders to optimize their tax planning while securing their family's financial future.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

How Do You Calculate Whether Rs. 1 Crore is Enough Coverage for You?

Determining the right amount of term insurance for your family's future is quite straightforward. It involves calculating the present value of all future goals and expenses minus your current wealth and assets.

Let's understand this with the help of an example:

Imagine you're considering buying term insurance, and your monthly expenses are Rs. 40,000. That adds up to ₹4.8 lakh annually. Experts suggest having a life cover of at least Rs. 10 times your yearly expenses. So, in this case, your term insurance should be at least Rs. 48 lakh. Now, let's consider other expenses. If you have outstanding car and home loans of around Rs. 55 lakhs, i.e., Rs. 20 lakhs for your children's education and an extra Rs. 80 lakh for your spouse's retirement, the total comes to around Rs. 2 crores. However, you might have some savings or assets to consider. Let's say you have Rs. 20 lakh in accessible investments. Subtracting this, your total insurance requirement would be ₹1.8 crores.

Note: You can easily calculate the term plan premium by using the term insurance premium calculator online tool.

How to Buy Kotak 1 Crore Term Insurance?

Step 1: Visit Policybazaar and go to the Term Insurance

Step 2: Fill in basic details such as Name, Date of Birth, and contact number, then click ‘View Plans’.

Step 3: Answer the questions about Smoking habits, annual income, type of occupation, and educational qualification.

Step 4: After submitting all the information, a list of all available 50 Lakh term insurance plans will be displayed.

Step 5: Choose the plan that suits your financial needs and pay.

Wrapping Up

Kotak 1 Crore Term Insurance emerges as a compelling choice for individuals seeking substantial life coverage at an affordable cost. By understanding the features and term insurance benefits of this policy, you can take a significant step towards securing the financial future of your loved ones. Before finalizing your decision, it's advisable to consult with Kotak representatives or financial advisors to ensure that the policy aligns perfectly with your specific needs and goals.

Note: Check out the best term life insurance in India and choose one that suits your requirements.

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˜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. 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.

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