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Kotak e-Preferred Term Plan

Eligibility  
Entry Age (years)  
Minimum 18
Maximum 65
Maximum Maturity Age (years) 70
Policy Term (years)  
Minimum 5
Maximum 30
Sum Assured (Rs)  
Minimum 2500000
Maximum No limit
Minimum Premium (Rs)  
Yearly 1800
Half-Yearly 918
Quarterly 468
Monthly 153
Premium Payment Frequency Yearly, Half-Yearly, Quarterly, Monthly
Premium Payment Term Equal to policy term
Premium Factor (multiply with annual premium) Semi Annually: 0.51
Quarterly: 0.26
Monthly: 0.085
Policy Cover Cover remains fixed throughout the policy tenure
Other Features  
Free Look Cancellation In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period You are allowed to pay premiums within 30 days from the due date for Yearly, Half yearly and quarterly premium payment modes and 15 days in case of monthly premium payment mode.. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy Reinstatement You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums with interest and undergoing underwriting requirements, if any.
Tax Benefits Section 80C, 10(10D) of the Income Tax Act, 1961 would apply. Premium paid is eligible for tax deduction as per current income tax act.
Exclusions In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable.
Customer Service  
Address Kotak Mahindra Old Mutual Life Insurance Ltd.
4th Floor, Vinay Bhavya Complex,
159 A, C.S.T. Road, Kalina,
Santacruz (East),
Mumbai - 400 098
Mail To [email protected] 
Call On 1800 209 8800
SMS KLIFE to 5676788