Kotak Term vs Icici Term Insurance Term Insurance 2026 | PolicyX
COMPANY DETAILS ✎ Edit

Kotak Term

✎ Edit

Icici Term Insurance

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)

₹ 950.71
Payout Options

Payout Options

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

Payout Options

Lump sum, monthly, or a combination of both
Claim ratio

Payout Options

98.61%%

Payout Options

99.34%%
Solvency Ratio

Solvency Ratio

2.45

Solvency Ratio

213.2%
Pan India Presence

Pan India Presence

318

Pan India Presence

506
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 Benefit, Income Benefit Rider, Waiver of Premium, Critical Illness Benefit, Permanent and Partial Disability Benefit, Accidental Death Benefit
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

0.011
Average claim settlement time

Average claim settlement time

7-15 working days

Average claim settlement time

30 Days
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Kotak Life Term Insurance

Kotak Life Term Insurance

ICICI Prudential Term Insurance Review 2026

ICICI Prudential Term Insurance Review 2026

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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 ICICI Term Insurance Plans

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

ICICI Pru Loan Protect Plus

The ICICI Life Loan Protect Plus Plan is a term insurance solution specifically designed to protect policyholders and their famili... Read More

Unique Features

  • Death Benefit Options
  • Flexible Policy Terms
  • Life Cover Options
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Pru Life Raksha

ICICI Pru Life Raksha is a pure protection term insurance plan designed to offer affordable financial security for families, provi... Read More

Unique Features

  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Option
Sum AssuredMinimum entry age: 18 years
Entry AgeMaximum entry age: 60 years
View plan

ICICI Life iShield Term

ICICI Life iShield is a dual-benefit term plan, offering both life and health insurance coverage in a single policy. It provides a... Read More

Unique Features

  • Combi Plan - Health & Life
  • Family Cover
  • Discounts for Non-Smokers
Sum AssuredMinimum Entry Age: 6 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Life iCare II

The ICICI Life iCare II is a pure term insurance plan designed for affordable financial protection, especially beneficial for indi... Read More

Unique Features

  • Accidental Death Cover
  • Affordable Premiums
  • Tax Benefit on Premiums
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Life Loan Protect

The ICICI Pru Loan Protect Plan is a non-participating term insurance designed to secure borrowers against outstanding loan liabil... Read More

Unique Features

  • Protection against mortgage
  • protection against car loan
  • sum assured starts with ₹5 Lacs
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

ICICI Pru iProtect Super Term

The ICICI Prudential iProtect Super Term Plan offers pure protection term insurance tailored for self-employed individuals and bus... Read More

Unique Features

  • Term Plan for Self-employed
  • Premium Break Option
  • Smart Exit Benefit
Sum AssuredMinimum entry age: 18 years
Entry AgeMaximum entry age: 55 years
View plan

ICICI iProtect Smart Plus

ICICI iProtect Smart Plus is a comprehensive term insurance plan offering life cover up to 99 years, with optional protection agai... Read More

Unique Features

  • Choice of Plan Option
  • Premium Break
  • Insta Claim Payment
Sum AssuredEntry age: 18 years
Entry AgeMaximum entry age: 55 years
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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