Kotak Term vs Go Digit Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Kotak Term vs Go Digit Term Insurance

Kotak Term

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

Go Digit Term Insurance

Go Digit Term Insurance aims to provide customer-centric, technology-driven insurance solutions.

COMPANY DETAILS Edit Kotak Life Term Insurance

Kotak Term

Edit Go Digit Term Insurance

Go Digit Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

15320.46

Annual Premiums Collected (2023-24)

Rs 426.36 crore
Payout Options

Payout Options

1

Payout Options

Lump-Sum Payment, Fixed Monthly Payout, Increasing Monthly Payout and Lump Sum + Monthly Income
Claim ratio

Payout Options

98.82%

Payout Options

99.53%%
Solvency Ratio

Solvency Ratio

2.8

Solvency Ratio

2.07
Pan India Presence

Pan India Presence

230+

Pan India Presence

75
Riders Available

Riders Available

Accidental Death Benefit Rider, Critical Illness Plus Benefit Rider, Accidental Permanent Disability Rider

Riders Available

Disability Cover, Critical Illness Cover, Accidental Death Cover
Policy Term

Policy Term

5 to 70 years

Policy Term

1 to 40 years

Know More About Companies

Overview

Kotak Life Term Insurance: Overview

Kotak Life is one of the trusted and reliable insurers in the Indian insurance market. Kotak Life offers you a wide range of insurance products to choose from, one such offering by Kotak Life is Kotak Term Insurance Plans. Kotak Term Plans keep your loved ones financially covered in the event of your unfortunate demise. Apart from this, Kotak Life term plans come with affordable premiums, flexibility to customize your plan, critical illness coverage, disability support, tax benefits, survival benefits, whole life cover, and optional riders. 

What are some of the
Benefits
that set them apart?

  • Death benefits,

  • Multiple payout options,

  • Return of premiums with some plans such as Kotak Gen2Gen,

  • Enhanced riders to choose from,

  • Special premiums for non-tobacco users,

  • High cover at affordable premiums,

  • Tax Benefits as per applicable laws,

  • Varied plan options, etc.

Riders

Riders You Can Avail With Kotak Life Term Insurance Plans

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.

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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 is an individual non-Linkеd, non-participating purе protеction term Insurancе plan, dеsignеd to offеr policyholdеrs a wid...

Unique Features

  • Short Term Cover
  • Multiple Policies
  • Wellness Program

Kotak Protеct India (Pros)

Kotak Protеct India
  • Short Term Cover
  • Multiple Policies
  • Wellness Program

Kotak Protеct India (Cons)

Kotak Protеct India
  • No Policy Loan Allowed
  • No Cover for Suicide
  • No Survival Benefit

Kotak Protеct India (Other Benefits)

Kotak Protеct India
  • Hospi Benefit
  • Optional Accidental Death Benefit
  • Telemedicine Consultation

Kotak Protеct India (Eligibility Criteria)

Kotak Protеct India
  • 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 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)

Kotak Term
  • Low-Cost Plan
  • Conversion Option
  • Rider Options

Kotak Term (Cons)

Kotak Term
  • No Policy Loan Allowed
  • No Cover for Suicide
  • No Survival Benefit

Kotak Term (Other Benefits)

Kotak Term
  • Affordable Premiums
  • High Life Cover
  • Premium Payment Options

Kotak Term (Eligibility Criteria)

Kotak Term
  • 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 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)

Kotak Saral Jeevan Bima
  • Death Benefit
  • Multiple Premium Payment Term
  • Special Rates for Female Lives

Kotak Saral Jeevan Bima (Cons)

Kotak Saral Jeevan Bima
  • No Surrender Benefit
  • No Maturity Benefit
  • No Policy Loan

Kotak Saral Jeevan Bima (Other Benefits)

Kotak Saral Jeevan Bima
  • Life Cover Up To 70 Years
  • Instant Issuance
  • Tax Benefit

Kotak Saral Jeevan Bima (Eligibility Criteria)

Kotak Saral Jeevan Bima
  • 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 is a pure risk cover term insurance plan that is truly an economical means of providing you with a high level of protection. It offe...

Unique Features

  • Available online
  • 3 plan variants
  • Life cover options

Kotak e-Term (Pros)

Kotak e-Term
  • Available online
  • 3 plan variants
  • Life cover options

Kotak e-Term (Cons)

Kotak e-Term
  • No Policy Loan Allowed
  • No Cover for Suicide
  • No Survival Benefit

Kotak e-Term (Other Benefits)

Kotak e-Term
  • Step-Up Benefit
  • Add-on Riders
  • Special Discounts

Kotak e-Term (Eligibility Criteria)

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

Go Digit Term Insurance

Explore India’s best-selling Term insurance plans below

Go Digit Term Insurance aims to provide customer-centric, technology-driven insurance solutions.

Digit Glow Term Insurance Plan by Go Digit-Life Insurance is a pure risk premium plan that provides life insurance coverage to you for the chosen poli...

Unique Features

  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits

Digit Glow Term Insurance Plan (Pros)

Digit Glow Term Insurance Plan
  • Health Wellness Benefits
  • Flexible Premium Payment Tenure
  • Additional Rider Benefits

Digit Glow Term Insurance Plan (Cons)

Digit Glow Term Insurance Plan
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Digit Glow Term Insurance Plan (Other Benefits)

Digit Glow Term Insurance Plan
  • Death Benefits
  • Tax Benefits
  • Inbuilt Terminal Illness Cover

Digit Glow Term Insurance Plan (Eligibility Criteria)

Digit Glow Term Insurance Plan
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 2.25 lakhs
  • Max maturity age - 85 years
  • PPT - RP/SP/LP
Naval Goel

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.