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Kotak Term Insurance Claim Settlement
Highlights
Claim Settlement Ratio | 98.50% |
Customer Care | 8:00 AM to 10:00 PM |
Death Benefit Paid For | 3,225 Policies |
Inception | 2001 |
Presence | 232 Branches |
Total Death Benefit Paid | Rs. 170.14 Crore |
Term Life Insurance Premium Calculator
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Choose required coverage to secure your family’s future
50L
1Cr
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1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification
Best Kotak Term Insurance Plans
1 Crore
2 Crore
Smart Total Elite Protection - Base
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
Starting From ₹ 688/Month
Key Features:
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
IProtect Smart
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
Starting From ₹ 730/Month
24hr Claim Settlement
Key Features:
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
HDFC C2PS Life
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
Starting From ₹ 771/Month
24hr Claim Settlement
Key Features:
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Claim Settlement of Kotak Term Insurance
Kotak Life Term insurance claim settlement process is simple and hassle-free. The life insurance company offers a high customer empathy and understanding with a lifetime of valuable service. They have a dedicated claim settlement assistance team available 24x7. They featured a claim settlement ratio of 96.38% in the financial Year 2019-20 as per the IRDA annual report.
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Documents Required
Documents Required To Make Kotak Life Term Insurance Claim
The following documents are required at the time of settling a Term Insurance claim with Kotak Life Insurance:
For Death Claim:
The following documents are mandatorily required to intimate SBI Life Term insurance claim:
- Duly-filled Death Claim Intimation Form
- Original policy documents
- Death certificate (Original) issued by municipality or an equal authority
- Photograph of claimant, his present address proof, along with a photo ID proof
Other Additional Documents:
The other additional documents are required to intimate a death claim are:
- A copy of claimant's bank passbook/statement with details of the active bank account
- Medical certificate stating the cause of death
- Medical records (consultation notes, admission notes, discharge/ death summary, investigation reports, etc)
- Medical questionnaire
- A certified FIR (first information report) copy
- Driving license copy (in case the policyholder was driving the vehicle during the accident)
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 80 Lacs+ happy customers
Kotak Term Insurance Contact Details
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