Prices Increasing soon Prices Increasing Soon

Kotak 75 Lakh Term Insurance

Securing your family's financial future demands a lot of financial planning and a dedication to financial stability. If you're unsure about how to begin, now is a right time to buy the ideal 75 lakh term insurance policy. Kotak Life Insurance presents an affordable 75 lakh term insurance plan, ensuring that financial pressures won't come upon them. Let's discuss the details of Kotak 75 Lakh Term Insurance in this article.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

What is Kotak 75 Lakh Term Insurance Plan? 

Kotak 75 Lakh Term Insurance Plan is specifically designed to provide financial protection to your loved ones in case of your unfortunate demise. Hence, a 75 Lakh term plan offered by Kotak Life Insurance provides a death benefit/sum assured of Rs. 75 Lakhs.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

How Does The Kotak 75 Lakh Term Insurance Plan Work? 

Let’s understand how this life insurance plan works with the help of the following example: 

You can select a 75 Lakh Term Insurance plan from Kotak Life Insurance for a specific policy term, and the assigned nominee will get a death benefit of Rs. 75 Lakhs, in the unfortunate event of your death. Offering a financial safety net for your loved ones during challenging times such as illness or death, the Kotak 75 Lakh term insurance plan stands out as a dependable choice with reasonable premium rates and comprehensive life cover for those seeking to safeguard their family's future.

Why Buy Kotak 75 Lakh Term Insurance? 

Here are the reasons why you should buy Kotak 75 Lakh Term Insurance:

  • Comprehensive coverage at affordable premiums: Contrary to the misconception that Kotak 75 Lakh term insurance is a financially burdensome plan, starting off the plan at an early age enables you to enjoy its benefits with premiums as affordable as Rs. 596 per month.

  • Added Coverage Advantages: Kotak 75 Lakh term insurance offers extended coverage benefits, including features like accidental death benefits, terminal illness benefits, and premium waiver riders.

  • Financial support to family: Kotak 75 Lakh Term Insurance plans guarantee the fulfillment of your dependents' financial needs in your absence. Furthermore, the death benefit can be utilized by the nominees to settle loans, debts, and liabilities, or to cover household expenditures.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

How to Determine the Right Coverage Amount? 

Here is a list of some factors that can help determine if buying a 75 Lakh term life insurance plan is the right choice for you: 

  • Your Annual Income: When assessing all the term plan options to buy the best term plan, it's smart to make sure that your cover amount is a minimum of 10 times of your yearly income. For example, if your annual income is Rs. 5 Lakhs, your term plan should be at least Rs. 75 Lakhs. You can easily use Policybazaar’s term insurance calculator for better results.

  • Current age: Age is a major factor in determining the appropriate coverage for your term life insurance plans. As individuals grow older, they become more prone to acquiring health issues, thus, resulting in higher premium rates. Hence, it is advisable to buy the best 75 Lakh term insurance plan at a younger age. This approach enables you to secure comprehensive and high coverage at lower premium rates, ensuring financial security for your loved ones while keeping premiums affordable for an extended period.

  • Financial Dependents and Their Needs: Assessing the financial health of your dependents is crucial to determine if the 75 Lakh term insurance policy aligns with your goals and requirements. Make sure to consider the count of family members relying on you for financial support and contemplate their future needs, including education, marriage, loans, etc. It is imperative to ensure that the financial requirements of all your dependents, particularly those depending on your financial support, are thoroughly addressed.

  • Pay off Loans/Liabilities: When buying a term plan, remember to assess any outstanding loans or debts, such as home, car, or education loans. Choosing a 75 Lakh term insurance policy is beneficial as it provides a comprehensive life cover effectively addressing all your needs.

What are the Benefits of Kotak 75 Lakh Term Insurance? 

Here are the benefits of Kotak 75 Lakh Term Insurance:

  • Cost-Effectiveness: The premium rate of 75 Lakh term insurance is affordable, and if you buy term plan at a younger age, you can get this plan at low premium rates. 

  • Additional Benefits with Base Cover (Add-ons): With the Kotak 75 Lakh term insurance plan offering comprehensive coverage for your loved ones’ security, you have the option to enhance it with extra add-ons like critical illness, premium waiver, and accidental death riders. While not mandatory, these riders provide additional protection tailored to your needs.

  • Buy Online Easily: Buying the Kotak 75 Lakh Term Insurance plan online is convenient and hassle-free, eliminating the need to visit Kotak's branch or office or stand in long lines. Additionally, through Policybazaar, you can enjoy a 10% discount when buying term plans online.

  • Flexible Payout Options: Unlike most insurance companies that usually provide the death benefit of term insurance plans as a lump sum, you can choose from various payout methods. For example, you can opt for a combination of a lump sum and monthly income payout, giving you better control over managing your expenses.

  • Tax Benefits: Another significant benefit of acquiring the best term plan for 75 Lakhs is eligibility for tax deductions under section 80C and 10(10D) of the Income Tax Act, 1961.

Who Should Opt for Kotak 75 Lakh Term Insurance?

Here is a list of all eligible people who can buy 75 Lakh Term Insurance:

  • Young individuals

  • Self-employed/Business Owners

  • Sole earning member 

  • Parents with children

  • People with Debts 

  • Newly Married

How do you buy Kotak 75 Lakh Term Insurance from Policybazaar?

Here are the steps to buy Kotak 75 Lakh Term Insurance from Policybazaar:

Step 1: Go to the 'Term Insurance' after visiting Policybazaar's official website.

Step 2: Provide your basic details like Name, Date of Birth, and contact number, then click on 'View Plans'. 

Step 3: Answer necessary questions about smoking habits, annual income, occupation type, and educational qualifications. 

Step 4: Choose 75 Lakhs as your life cover

Step 5: Once all details are submitted, a list of the best term insurance plans will be shown to you.

Step 6: Select the Kotak plan from the list and proceed to payment using your preferred mode.

FAQs

  • Q: What is Kotak 75 Lakh Term Insurance Plan?

    Ans: Kotak 75 Lakh Term Insurance Plan is designed to offer a financial safety net for your loved ones in the event of your untimely demise, providing a sum assured or 'death benefit' of Rs. 75 Lakhs.
  • Q: What are the Benefits of Kotak 75 Lakh Term Insurance?

    Ans: The benefits include cost-effectiveness, optional add-ons for additional benefits, easy online availability, flexible payout options, and tax benefits under section 80C and 10(10D) of the Income Tax Act.
  • Q: Who Should Choose Kotak 75 Lakh Term Insurance?

    Ans: Kotak 75 Lakh Term Insurance is ideal for young individuals, self-employed/business owners, newly married couples, parents with children, sole earning members, and individuals with debts.
  • Q: Why Buy Kotak 75 Lakh Term Insurance?

    Ans: Purchase Kotak 75 Lakh Term Insurance for high coverage at low premiums, additional benefits like accidental death coverage, terminal illness benefits, and waiver of premium riders. It ensures financial support for dependents, covering loans, debts, and household expenses.
  • Q: How to Choose the Right Coverage Amount?

    Ans: Consider factors like annual income, age, financial dependents, future needs, and outstanding loans when determining the appropriate life cover. Utilize Policybazaar’s term insurance calculator for accurate calculations.
  • Q: How Does the Kotak 75 Lakh Term Insurance Plan Work?

    Ans: Kotak 75 Lakh Term Insurance plan works by ensuring your assigned nominee receives a death benefit of Rs. 75 Lakhs in case of your demise, providing financial stability for your loved ones. With affordable premiums and comprehensive coverage, it is a reliable choice for securing your family's future.

Premium By Age



Term insurance articles

  • Recent Article
  • Popular Articles
11 Apr 2024

Government Term Insurance Schemes 2024

The Government of India is committed to the welfare and

Read more
03 Apr 2024

How Policybazaar Helps With Dedicated Claim Assistance

Mr. Kumar has been working with a Public sector bank in Delhi.

Read more
19 Mar 2024

Kotak Term Insurance Login

Kotak Life Insurance is one of the leading insurers offering a

Read more
07 Mar 2024

HDFC 5 Crore Term Insurance

Securing your family’s financial future involves a lot of

Read more
04 Mar 2024

Kotak 5 Crore Term Insurance

Financially protecting your family's future requires detailed

Read more
07 Mar 2014

1 Crore Term Insurance - Buy ₹1 Cr Term Insurance Plan...

Term insurance is a type of insurance plan that offers financial security to your loved ones in the event of your

Read more
27 Jun 2018

What Is Difference Between Term Insurance And Life Insurance

Life insurance plans help you create wealth, protect your family for the entire policy term, and save on your

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
24 Mar 2020

LIC Term Insurance 1 Crore

LIC of India offers various plans to help you secure the financial future of your loved ones. To ensure your

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL