e-Term Plan in one table
Claim settlement and complaint figures are IRDAI-published and held centrally by NYVO, not taken from the insurer's marketing.
What e-Term Plan does, and what it does not
Term insurance is a narrow product, so the useful question is not how this plan scores against a benchmark – it is what it pays for and what it leaves out. Both lists come from Kotak Mahindra Life's own documents.
Which variant should you take?
This plan is sold in more than one form, and the choice is made once at purchase. Picking the wrong one is not something you can quietly correct later, so it is worth a minute now.
Straightforward death cover, running to maturity age 85.
Adds accidental death cover, but the maturity age drops to 75. You are trading ten years of cover for an accident benefit – check that trade is one you want.
Waives every future premium if you become permanently disabled, with the cover continuing in full. Runs to 85. For a single earner this is often the option worth paying for.
e-Term Plan exclusions: what the plan will not pay for
Every policy carries exclusions, and they are the clauses people read for the first time at claim stage. These are the ones worth knowing before you buy.
Where e-Term Plan falls short
No plan is right for everyone, and a page that only lists strengths is not much use to you. These are the gaps we would raise on a call before recommending it.
e-Term Plan questions, answered
How much cover does e-Term Plan offer?
Set at purchase, subject to underwriting.
Who can buy e-Term Plan?
Entry to e-Term Plan runs from 18 to 65 years. Cover can run to age 85, which is the maximum maturity age on this plan. What you are actually offered still depends on your income, health and any cover you already hold.
What does e-Term Plan not cover?
Like every term plan, e-Term Plan excludes suicide within 12 months of policy commencement or revival – the payout is limited to a return of premiums, per the standard clause. Read the policy wording for the exact percentage. The policy wording you are issued is the contract.
Read it from the insurer
We summarise. The policy wording is the contract, and it is the only document that settles a dispute. These links go to the insurer's own pages.
Understand the terms before you commit
A plan page tells you what this policy does. These explain why each term matters and what it costs you when it is missing.