Idbi Federal vs Kotak Term Term Insurance 2026 | PolicyX
COMPANY DETAILS ✎ Edit

Idbi Federal

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Kotak Term

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 3072.74 crores

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

98.52%%

Payout Options

98.61%%
Solvency Ratio

Solvency Ratio

2.70

Solvency Ratio

2.45
Pan India Presence

Pan India Presence

3,200

Pan India Presence

318
Riders Available

Riders Available

Critical Shield Rider, Accident Care Rider

Riders Available

Accidental Death Benefit Rider, Waiver of Premium Rider, Critical Illness Rider, Permanent Disability Benefit Rider, Income Benefit Rider
Inception year

Inception year

2007

Inception year

2001
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.035

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
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Kotak Life Term Insurance

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Types of Kotak Life Term Insurance Plans

Every plan currently being sold by Kotak Life Term Insurance, shown side-by-side so you can shortlist quickly.

Kotak Term

The Kotak Term Plan is a pure protection life insurance plan designed to safeguard family finances with its low-cost, high-coverag... Read More

Unique Features

  • Low-Cost Plan
  • Conversion Option
  • Rider Options
Sum AssuredEntry Age: 18 Years
Entry AgeMaximum Entry Age: 60 Years
View plan

Kotak Saral Jeevan Bima

Kotak Saral Jeevan Bima is an affordable, basic term insurance plan, introduced by the Government of India to provide financial pr... Read More

Unique Features

  • Death Benefit
  • Affordable Plan
  • Flexible Premium Payment Modes
Sum AssuredMinimum Entry Age: 18 Years; Maximum Entry Age: 65 Years; Minimum Sum Assured: ₹5 Lakh; Maximum Maturity Age: 70 Years; Premium Payment Term: Regular Pay (RP)
Entry AgeSingle Pay (SP)
View plan

Kotak e-Term Plan

The Kotak e-Term Plan is an online term insurance offering high life cover at affordable premiums, with special rates for women an... Read More

Unique Features

  • Available online
  • 3 plan variants
  • Life cover options
Sum AssuredEntry Age - 18 Years
Entry AgeMax Entry Age - 60 Years
View plan

Term Insurance Articles

Quick Comparison with Other Insurers

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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