Kotak e-Term/e-Preferred

Type of policy: Term Insurance


A term insurance is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner. This is a fantastic product from customer point of view, and is indeed one that every single family needs to have, for its earning member(s).

This plan needs to be compulsorily bought online. This has two advantages: first, the process is smooth and straightforward. Second, and more importantly, it eliminates the broker, who would have otherwise eaten away a huge chunk of your premium as brokerage without adding any value to you. This is the main reason why e-Term has such a low premium– as low as about Rs.5,500 of annual premium for Rs 50 lakh of cover if you are 30 years of age and in good health.

We believe Kotak e-Term/e-Preferred is a great plan to have for everyone. We typically recommend an insurance cover of 4-8 times your annual income, for as long a term as is available for your age. Find out the ideal cover for you using this calculator.


Product features:



Fintotal Comment

Minimum age at entry

18 years


Maximum age at entry

65 years


Maximum policy term

30 years or till age of 70, whichever is earlier

You can opt for the longest possible tenure for your age

Minimum sum assured

e-Term: Rs 3 lakh

e-Preferred: Rs 25 lakh

Though this is the minimum, you are advised to take 4-8 times your annual income as life cover

Maximum sum assured

e-Term: Rs 25 lakh

e-Preferred: Subject to underwriting



Returns: No survival benefit available at the end of the term.



Your age


Indicative Annual Premium

(For cover of Rs.50 lakh )

25 years

25 years

Rs. 4,600

30 years

25 years

Rs. 5,500

40 years

25 years

Rs. 11,400

50 years

15 years

Rs. 19,700

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