Kotak Eternal Life Plans (Life Insurance)
While you ensure that your hard-earned money is accessible when you need it the most and your cost for a secure future does not increase with time, Eternal Life Plans i.e. whole life insurance plans look towards offering you and your family lifelong protection. With guaranteed protection for life, opportunity to create wealth, and comprehensive cover options, these life insurance plans provide you with a perfect financial solution to suit your needs.
Location: India
1. Permanent and complete protection till your 99th birthday
2. Adequate protection to meet your growing needs
3. Cash lump sum to fulfill your dreams
4. Choice of 2 plan options
5. Complete safeguard against uncertainties of Accidental Disability (applicable to Eternal Life Premier Shield only) and Critical Illness (in the form of a rider)
6. Tax Benefits under Sec 80C and Sec 10(10)D
1. Read the terms and conditions to understand the exclusions
Regular- For 10- 14 years payment term: Annual-Rs. 10,000, Half-yearly- Rs. 5100, Quarterly- Rs. 2600, Monthly- Rs. 850. For 15+ years payment term: Annual- Rs.6,000, Half-yearly- Rs. 3060, Quarterly- Rs. 1560, Monthly- Rs. 510.

Policy Name: Kotak Eternal Life Plans
Premium: From Rs. 9955
Excess: Ask on application
Max Sum Insured: From Rs. 9955

Cover Type: Life Insurance
Cover Level: Standard
Cover Detail:
 Key Features
Protection for your family (Death Benefit)
In the unfortunate event of death within the term of the insurance policy, your beneficiary would receive:
Sum assured + Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (as applicable), payable on death during the premium payment term
 Sum assured + Terminal Bonus(as applicable), payable on death after the premium payment term

Cash Lump Sum In The Form Of Bonus Additions
Eternal Life Plans offers the following benefits during the life of the policy
Simple Reversionary Bonuses: These bonuses are paid out on the 5th policy anniversary, on death during the premium payment term or on survival to the end of the selected premium payment term.
Interim Bonus: In case of a death claim during the premium payment term in respect of the latest policy year for which the reversionary bonus is yet to be declared.
Additional Terminal Bonuses: Payable only on Maturity or earlier Death, as applicable. These are available throughout the lifetime of the policy.
Special Terminal Bonus: Payable as a lump sum cash benefit on survival by the life insured to the end of the premium payment term.
Plan options
Designed in two unique variants, the product has been packaged to suit different sets and needs of customers:
Eternal Life Premier Shield - Offering a comprehensive Whole life cover till age 99 with premiums that match income and lifestyle.
Eternal Life Classic Shield - Offering a comprehensive Whole life cover till age 99 along with guaranteed level premiums and flexible premium payment term.

Application Methods: Online
Underwriter: Ask on application
Pay Monthly: No

For you and your families lifelong protection
you must be under the age of 65 years old
Tax Benefits can be availed under section 80C and 10(10D) of Income Tax Act, 1961. Section 80D of the Income Tax, 1961 will apply in case Critical Illness benefit is opted for. Tax benefits are subject to change in tax laws. Please consult your tax advisor for details.

Person Info: Under the age of 65 years old to apply

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