Kotak Term Plan is a pure risk product that aims to cover your life at a nominal cost. You may want to take this plan to cover your outstanding debts like a mortgage, a home loan etc. Since this is a pure risk cover product, there are no maturity benefits payable on survival. This is a non-participating plan.

Advantages

	Low-cost insurance plan.
	Option to choose between regular premium or single premium payment.
	Plan can be converted into any other plan offered by Kotak Life Insurance (except for another Term plan) provided there are at least 5 years before cover ceases*.
	In case you forget to pay your premium by the due date, you are entitled to a grace period of 30 days from the date of unpaid premiums.

You may avail of the following value-adds for a nominal premium at the time of taking your policy: Accidental Death Benefit Permanent Disability Benefit Critical Illness Benefit

Kotak Term Plan - UIN 107N005V02. Insurance is the subject matter of the solicitation. This is a non-unit linked, non-participating plan. For detailed terms and conditions, please read the product brochure carefully.