Kotak Life Insurance

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Updated 14 August 2026Life Insurance

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4.3/5★★★★★★★★★★

Central Bank UAE

Registration No.: - 123

1.5 Million+

Trusted Customers

35+

Insurance Partners

820 K+

Policies Sold

Kotak Life Insurance, one of the prominent life insurance providers out there and preferred by many, offers a comprehensive range of insurance products and services tailored to meet the diverse requirements of customers. From protecting your dependents with life insurance, planning for retirement, or achieving financial goals, Kotak Life Insurance has it all!

In this article, we will cover the Kotak Life Insurance plans, the company’s insurance claim process, and all the relevant details that you must know.

Key Features

To start with, here are a few key features of Kotak Life Insurance -

Claim Settlement Ratio - The Claim Settlement Ratio (CSR) of a company, representing the number of claims settled by them versus the total claims received, is an important criterion for policy seekers. As per the 2021-22 reports, the CSR of Kotak Life Insurance is 98.82%.
Annual Premium - In the 2021-22 financial year, Kotak Life Insurance’s annual premium in terms of market share is Rs. 13,015.11 crores.
Solvency Ratio - As per the latest report, the solvency ratio of Kotak Life Insurance is 2.6.

Kotak Life Insurance Plans

Kotak Life Insurance plans are categorised into four sections - Health Plans, Life Retirement Plans, Savings and Investment Plans, and Term Insurance Protection Plans. Let’s take a closer look at each category -

1. Kotak Life Health Plan

Name of the Plan	Entry Age	Maturity	Sum Assured
Kotak Health Shield Plan	18-65 Years	75 Years	Minimum: Rs. 10,00,000 per life assured Maximum: Rs. 50,00,000 per life assured

2. Kotak Life Retirement Plans

Name of the Plan	Entry Age	Policy Term	Minimum Annuity
Kotak Saral Pension Plan	40-80 Years	NA	Monthly: Rs. 1,000 Quarterly: Rs. 3,000 Half-Yearly: Rs. 6,000 Yearly: Rs. 12,000
Kotak Premier Pension Plan	30-60 Years	NA	Monthly: Rs. 1,000 Quarterly: Rs. 3,000 Half-Yearly: Rs. 6,000 Yearly: Rs. 12,000

3. Kotak Life Savings and Investment Plans

Name of the Plan	Entry Age	Maturity Age	Sum Assured
Kotak Assured Income Accelerator	0-60 Years	85 Years	10 x annual premium
Kotak Wealth Optima Plan	3-65 Years	99 Years	Minimum: Rs. 2,00,000
Kotak e-Invest	3-60 Years	75 Years	10 x annualised premium
Kotak Ace Investment	0-65 Years	75 Years	NA
Kotak Guaranteed Savings Plan	3-60 Years	75 Years	To be derived based on the age, premium, PPT, and policy term
Kotak POS Bachat Bima	12-45 Years	65 Years	Derived on the basis of premium, age, policy term, and plan option selected
Kotak Platinum	0-65 Years	75 Years	Minimum: 7 x AP Maximum: 25 x AP
Kotak Single Invest Advantage	8-45 Years	58 Years	10 times the Single Premium
Kotak Single Invest Plus	18-55 Years	67 Years	Sum assured on 1st death: 1.25 x the single premium Sum assured on 2nd death: 10 x the single premium
Kotak Sampoorn Bima Micro-Insurance Plan	18-55 Years	60 Years	NA
Kotak Premier Income Plan	3-55 Years	78 Years	Will be derived on the basis of premium, age, gender, PPT, and policy term
Kotak SmartLife Plan	3-55 Years	75 Years	Minimum: Rs. 2,50,000 Maximum: No limits (subject to underwriting)
Kotak Classic Endowment Plan	0-60 Years	70 Years	Determined as per the minimum premium amount, entry age, PPT, and policy term
Kotak Premier MoneyBack Plan	2-57 Years	75 Years	Minimum: 1.5 lacs Maximum: No limit (subject to underwriting acceptance)
Kotak Invest Maxima	0-64 Years	75 Years	NA
Kotak Premier Endowment Plan	18-60 Years	70 Years	As per the selected minimum premium
Kotak Assured Savings Plan	3-65 Years	75 Years	Rs. 1,57,806 to Rs 25,00,000

4. Kotak Term Insurance Protection Plans

Name of the Plan	Entry Age	Maturity Age	Sum Assured
Kotak Saral Jeevan Bima	18-65 Years	70 Years	Minimum: Rs. 5,00,000 Maximum; Rs. 25,00,000
Kotak Term Plan	18-65 Years	70 Years	Minimum: Rs. 3,00,000 Maximum: Rs. 24,99,999
Kotak e-Term Plan	18-65 Years	75 Years	Minimum: Rs. 25,00,000 Maximum: No Limit

How to File a Claim for Kotak Life Insurance?

You can file your Kotak Life Insurance policies via online and offline means. To carry out the process online, follow these steps -

Open the official website of Kotak Life Insurance.
Go to the ‘How Do I’ section and choose the ‘File Claim’ option.
Fill out the ‘Book a New Claim’ form.
Once you submit the form, an OTP will be sent to your registered mobile number/ email ID.
Attach and submit all the required documents.
The concerned authorities will review your application.

Note: If approved, the provider will settle your claim within 7-15 days.

How to Contact Kotak Life Insurance Company?

To get in touch with Kotak Life Insurance representatives, you can call on their toll-free number 18002098800. Alternatively, you can connect with the bank through WhatsApp at 9321003007.

Have a look at some frequently asked questions related to Kotak Life Insurance below -

Frequently Asked Questions

Q1. Is it possible to surrender a Kotak Mahindra life insurance policy before the maturity period?

Ans: Yes, you can. However, note that after paying off the surrender value, the policy gets terminated.

Q2. Are there any riders available with Kotak Life Insurance plans?

Ans: Yes, the following riders are available with Kotak Life Insurance plans -

Critical Illness Benefit
Term Benefit
Kotak Accidental Disability Guardian Benefit
Kotak Life Guardian Benefit
Accidental Death Benefit
Permanent Disability Benefit
Kotak Preferred Term Benefit

Q3. How to Check a Kotak Life Insurance policy status?

Ans: To check your policy status, visit the provider’s official website and tap on the “How Do I” tab. Once done, select the ‘Manage My Policy’ option and sign into your account.