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Exide Term vs Kotak Term

COMPANY DETAILS

Exide Term

Kotak Term

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans -	No. of Plans 4
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) 920.58 Cr	Annual Premiums Collected (2024-25) 375.66 crores
Payout Options	Payout Options Lump sum, monthly or a combination of both	Payout Options Lump sum, monthly, quarterly, half-yearly, yearly or a combination of both
Claim ratio	Payout Options 99.68%	Payout Options 98.61%%
Solvency Ratio	Solvency Ratio 1.94	Solvency Ratio 2.45
Pan India Presence	Pan India Presence 100+	Pan India Presence 318
Riders Available	Riders Available Accidental Death, Disability and Dismemberment Rider, Critcal Illness Rider	Riders Available Accidental Death Benefit Rider, Waiver of Premium Rider, Critical Illness Rider, Permanent Disability Benefit Rider, Income Benefit Rider
Policy Term	Policy Term 10 to 35 years	Policy Term 5 to 40 years
Inception year	Inception year 2001	Inception year 2001
Complaint ratio per ₹1 crore of premium collected	Complaint ratio per ₹1 crore of premium collected 0.002	Complaint ratio per ₹1 crore of premium collected 0.023
Average claim settlement time	Average claim settlement time 30 days	Average claim settlement time 7-15 working days
IRDAI registration number	IRDAI registration number 114	IRDAI registration number 107
Awards and recognitions	Awards and recognitions Product of the Year 2019, Digital Insurer of the Year 2018, Indian Insurance Award 2016	Awards and recognitions Product of the Year 2025, Best Organisation for Women, Most Innovative Marketing Campaign (Insurance Sector) for their WhatsApp initiatives.
Recommended Videos	Kotak Life Term Insurance

Overview

Exide Life Term Insurance Plans

Exide Life Insurance offers multiple term insurance plans designed to provide financial protection and long-term security for your family. With five term plans available, it focuses on affordable premiums, high life cover, and flexible policy options. Not only do these term plans offer financial help to the beneficiary in the absence of the insured, but also come with a bucket full of features like tax benefits, additional options for riders, affordable premiums, wide coverage, and much more.

What are the
key features
of this plan?

Long term cover
Return of premium
Enhanced protection

Affordable Premiums
Tax benefits
Flexible PPT

Riders

Riders You Can Avail With Exide term insurance Plans

Name of the Riders	Benefits
Exide Life Accidental Death, Disability and Dismemberment Rider	Under this rider upon the any unfortunate event of disability and Dismemberment to the life insured, a lump sum payout will be given to the nominee.
Exide Life Critcal Illness Rider	Under Exide Life Critical Illness rider a lump sum equal to the rider sum assured will be payable to the nominee, upon diagnosis of critical illness during the policy term.

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Kotak Life Term Insurance

Explore India’s best-selling Term insurance plans below

Kotak Mahindra Life Insurance is one of the fastest growing life insurance companies in India, securing 50 million lives worldwide till date.

Kotak Protеct India

Kotak Protect India offers high life cover at affordable premiums with flexible policy terms and premium payment options. This plan prioritisеs flеx...

Unique Features

Short Term Cover
Multiple Policies
Wellness Program

Kotak Protеct India (Pros)

Short Term Cover
Multiple Policies
Wellness Program

Kotak Protеct India (Cons)

No Policy Loan Allowed
No Cover for Suicide
No Survival Benefit

Kotak Protеct India (Other Benefits)

Hospi Benefit
Optional Accidental Death Benefit
Telemedicine Consultation

Kotak Protеct India (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 35 Years
Minimum Sum Assured - ₹1L
Maximum Maturity Age - 40 Yrs
Premium Payment Term - RP/SP

Kotak Term

Kotak Term Plan is a non-linked non-participating individual pure protection life insurance plan that acts like a safety shiеld for your family's fin...

Unique Features

Low-Cost Plan
Conversion Option
Rider Options

Kotak Term (Pros)

Low-Cost Plan
Conversion Option
Rider Options

Kotak Term (Cons)

No Policy Loan Allowed
No Cover for Suicide
No Survival Benefit

Kotak Term (Other Benefits)

Affordable Premiums
High Life Cover
Premium Payment Options

Kotak Term (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 60 Years
Minimum Sum Assured - ₹3L
Maximum Maturity Age - 70 Yrs
Premium Payment Term - RP/SP

Kotak Saral Jeevan Bima

Kotak Saral Jeevan Bima is a basic term insurance plan that is designed to offer financial protection to your loved ones in case of your demise. This ...

Unique Features

Death Benefit
Affordable Plan
Flexible-Premium Payment Modes

Kotak Saral Jeevan Bima (Pros)

Death Benefit
Multiple Premium Payment Term
Special Rates for Female Lives

Kotak Saral Jeevan Bima (Cons)

No Surrender Benefit
No Maturity Benefit
No Policy Loan

Kotak Saral Jeevan Bima (Other Benefits)

Life Cover Up To 70 Years
Instant Issuance
Tax Benefit

Kotak Saral Jeevan Bima (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹5L
Maximum Maturity Age - 70 Yrs
Premium Payment Term - RP/SP/LP

Kotak e-Term Plan

Kotak e-Term Plan offers high life cover at affordable premiums with special rates for women and non-tobacco users. The plan also includes op...

Unique Features

Available online
3 plan variants
Life cover options

Kotak e-Term Plan (Pros)

Available online
3 plan variants
Life cover options

Kotak e-Term Plan (Cons)

No Policy Loan Allowed
No Cover for Suicide
No Survival Benefit

Kotak e-Term Plan (Other Benefits)

Step-Up Benefit
Add-on Riders
Special Discounts

Kotak e-Term Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 60 Years
Minimum Sum Assured - ₹51L
Maximum Maturity Age - 85 Yrs
Premium Payment Term - RP/SP/LP

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Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

Name of the Riders	Benefits
Kotak Accidental Death Benefit Rider	In case of the policyholder’s demise due to an accident, additional benefits are paid to their nominee along with the basic plan cover.
Kotak Critical Illness Plus Benefit Rider	In case the policyholder is diagnosed with pre-specified illnesses, benefits are paid to them or their family.
Kotak Accidental Permanent Disability Rider	In case the policyholder gets permanently disabled due to an accident, benefits are paid under this rider.

Exide Term vs Kotak Term

Compare

Exide Term vs Kotak Term

Overview

Exide Life Term Insurance Plans

Kotak Life Term Insurance: Overview

Riders

Riders You Can Avail With Exide term insurance Plans

Riders You Can Avail With Kotak Life Term Insurance Plans

But how does it work?

Other Term Insurance Companies

Kotak Life Term Insurance

Kotak Protеct India (Pros)

Kotak Protеct India (Cons)

Kotak Protеct India (Other Benefits)

Kotak Protеct India (Eligibility Criteria)

Kotak Term (Pros)

Kotak Term (Cons)

Kotak Term (Other Benefits)

Kotak Term (Eligibility Criteria)

Kotak Saral Jeevan Bima (Pros)

Kotak Saral Jeevan Bima (Cons)

Kotak Saral Jeevan Bima (Other Benefits)

Kotak Saral Jeevan Bima (Eligibility Criteria)

Kotak e-Term Plan (Pros)

Kotak e-Term Plan (Cons)

Kotak e-Term Plan (Other Benefits)

Kotak e-Term Plan (Eligibility Criteria)

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Reviewed By: Naval Goel

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