Kotak Term vs Bajaj Term Insurance Plan Term Insurance 2026 | PolicyX
COMPANY DETAILS ✎ Edit

Kotak Term

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Bajaj Term Insurance Plan

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

Annual Premiums Collected (2024-25)

₹ 375.66 crores

Annual Premiums Collected (2024-25)

₹ 160.06 cr
Payout Options

Payout Options

Lump sum, monthly, quarterly, half-yearly, yearly or a combination of both

Payout Options

Lump sum, monthly, Lump sum + monthly, Lump sum + increasing monthly payout
Claim ratio

Payout Options

98.61%%

Payout Options

99.66%%
Solvency Ratio

Solvency Ratio

2.45

Solvency Ratio

2.69
Pan India Presence

Pan India Presence

318

Pan India Presence

598
Riders Available

Riders Available

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

Riders Available

Terminal Illness Rider, Waiver of Premium Benefit Rider, Critical Illness Rider, Accidental Permanent Total/Partial Disability Benefit Rider, Accidental Death Benefit Rider, Family Protect Rider
Inception year

Inception year

2001

Inception year

2001
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.023

Complaint ratio per ₹1 crore of premium collected

0.029
Average claim settlement time

Average claim settlement time

7-15 working days

Average claim settlement time

24 hours
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Kotak Life Term Insurance

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

Types of Bajaj Term Insurance Plans

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

Bajaj iSecure plan

Bajaj iSecure is a non-linked, non-participating term insurance plan offering advanced, low-cost coverage with a 105% death benefi... Read More

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 Lakhs Max Sum Assured
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Life Secure

Bajaj Life Secure is a whole life term insurance plan offering coverage up to 100 years, with flexible premium payment terms and c... Read More

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver of Premium
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Saral Jeevan Bima

Bajaj Saral Jeevan Bima is a pure-risk term insurance plan providing financial security with a death benefit and tax advantages un... Read More

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured.
Sum AssuredMinimum Entry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj iSecure Loan

The Bajaj iSecure Loan Term Insurance Plan provides crucial debt protection, ensuring outstanding home, personal, or other long-te... Read More

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits
Sum AssuredMinimum Entry Age: 25 years
Entry AgeMaximum Entry Age: 60 years
View plan

Bajaj Lifestyle Secure

Bajaj Lifestyle Secure is a term insurance plan that combines life cover with protection against critical and terminal illnesses. ... Read More

Unique Features

  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term
Sum AssuredEntry Age: 18 years
Entry AgeMaximum Entry Age: 50 years
View plan

Bajaj Life Smart Protect Goal

The Bajaj Life Smart Protect Goal is a flexible and economical term insurance plan, offering four distinct variants and the option... Read More

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants
Sum AssuredEntry Age: 18 Years
Entry AgeMaximum Entry Age: 65 Years
View plan

Bajaj Life Diabetic Term Plan Sub 8 HbA1c

The Bajaj Life Diabetic Term Plan Sub 8 HbA1c offers term insurance coverage tailored for pre-diabetics and type 2 diabetics, ensu... Read More

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion
Sum AssuredMinimum Entry Age: 30 Years
Entry AgeMaximum Entry Age: 60 Years
View plan

Bajaj iSecure More

The Bajaj iSecure More is an increasing cover term insurance plan that provides a financial safety net, with the sum assured growi... Read More

Unique Features

  • Flexible Policy Tenure
  • Option to Avail Joint Life Cover
  • High Sum Assured Rebate
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 60 years
View plan

Bajaj Life Superwoman Term Insurance Plan

Bajaj Life Superwoman Term Insurance is a specialized plan for women, offering comprehensive financial protection for their famili... Read More

Unique Features

  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit
Sum AssuredEntry age: 18 years Maximum entry age: 60 years Minimum sum assured: ₹50 lakhs Maximum maturity age: 99 years Premium Payment Term (PPT): Regular Pay (RP)
Entry AgeSingle Pay (SP)
View plan

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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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