Kotak Mahindra Life Insurance

Term insurance from Kotak Life provides pure protection coverage for a specified period. The flagship term plan is Kotak Gen2Gen Protect, which starts from approximately ₹3,362 premium and offers maturity between 60 and 75 years.

₹1 crore of cover is available from around ₹475/month for eligible buyers. The Term Benefit Rider provides additional lump-sum payout on death, while the Critical Illness Plus Rider offers protection against 37 critical illnesses.

Kotak Life's savings and guaranteed return plans help build a retirement corpus through structured long-term saving. Kotak Guaranteed Savings Plan starts at ₹10,000 minimum premium with maturity between 70 and 75 years.

These plans suit goal-based saving where the timeline is fixed and you don't want market-timing risk. Returns are locked in at policy purchase, removing market volatility from the outcome.

ULIPs from Kotak Life combine market-linked investment with life cover. Kotak T.U.L.I.P is the flagship ULIP variant, with a minimum premium of ₹1,00,000 and 48-year maximum maturity. T.U.L.I.P won the Product of the Year 2024 award.

Partial Withdrawals are available after the lock-in period on select policies. ULIPs work best with a 10-year+ horizon for tax-efficient wealth creation alongside life cover.

Retirement and pension plans from Kotak Life are designed for long-term retirement corpus building and post-retirement income generation. They include both annuity and pension variants.

For Kotak Bank customers, the combination of bancassurance distribution and one-window financial servicing makes Kotak Life a natural retirement-planning choice.

Kotak Life offers group insurance covering employees of corporates, SMEs and institutions. The group product suite includes life cover, accident cover and credit-linked life insurance.

For employers looking to set up employee benefits and group life cover under a single insurer, Kotak's combination of digital servicing and bancassurance scale is competitive.

Child plans from Kotak Life secure children's education and milestone funding regardless of what happens to the earning parent. The Life Guardian Benefit waives future premiums if the policyholder dies during the term.

For parents with young children, this is one of the highest-impact products available. The combined Life Guardian Benefit + Critical Illness Plus rider can keep the plan intact through most adverse events.