Kotak e-Term Term Insurance Benefits

The term insurance plan provides different types of benefits which are as follow:

1. Death Benefit - In case of an unfortunate demise of a policyholder during the insurance policy term, the death benefit payout will be rolled out but its amount will vary on the basis of the opted plan options. It is applicable under different plan options in the following manner:

2. Tax Benefits - The tax benefits can be earned on the amount of premium paid for this plan under section 80C. Also, the family of policyholders are eligible to avail of the death benefit and tax benefit under section 10(10D) of the Income Tax Act, 1961. These benefits are subject to conditions as specified in the sections of the policy and change as per tax laws.