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- Claims
Kotak Mahindra Old Mutual Life Insurance Ltd is a joint venture between Kotak Mahindra Bank Ltd, which is a leading bank in India and its partners and Old Mutual, which is an international long-term savings, investment and protection group. This Company provides life insurance products at a wider range to protect your family during uncertainties.
Kotak Life Insurance has a vision of believing for a better tomorrow.
Kotak Term Insurance offers 5 plans with host of benefits and unique features through Kotak Life. Additionally, there are certain term plans that can be purchased online at just the click of the mouse. Therefore, the premiums are cheaper for these online term insurance plans. Their moto rests in value creation rather than the business size.
This plan can be bought through the website. The features of this plan are mentioned below:
Rider: You can opt for the Kotak's Accidental Disability Benefit Rider along with a comprehensive term plan.
This plan can be bought through the website. The features of this plan are mentioned below:
Rider: You can opt for Kotak eAccident Death Benefit Rider along with the comprehensive term insurance plan.
This plan offers premiums at a very lower rate. The features of this plan are mentioned below:
This plan can be bought through the website. The features of this plan are mentioned below:
This is a protection plan. The features of this plan are mentioned below:
Riders: You can opt for Kotak Accidental Death Benefit Rider, Kotak Critical Illness Rider and Kotak Permanent Disability Benefit Rider along with the comprehensive term insurance plan.
The claim can be filed in a simple and hassle-free process. Mentioned are the steps for claim process:
The nominee needs to ensure that the form is filled based on the type of claim and submitted to the Kotal Life Insurance office along with the other documents.
The insurance company registers the claim and provides an acknowledgement to the claimant with a set of other claims documents for further processing of the term claim.
The Kotak Life Insurance claims office address is mentioned below: Kotak Mahindra Old Mutual Life Insurance Company Limited, Kotak Infiniti, Building no. 21, 7th floor – Zone 2, Infiniti Park, Off Western Express Highway, General A K Vaidya Marg, Malad East, Mumbai- 400097
The payment is done via NEFT (National Electronic Fund Transfer) to the nominee. The insurance company ensures complete transparency to reduce any possible frauds and financial discrepancy.
Note: Usually the claim gets settled within 30 days of the document submission.
Kotak Term Insurance offers wide-ranging term coverage that takes care of your overheads associated with liabilities and offers a peace of mind by making arrangements for a financially secured life for your loved ones. The variety of riders offered by the term insurance plans would enhance your insurance policies at a very minimal rate. It is one of the fastest growing insurance company.
They have around 4 million trusted policy holders so far. Kotak Life Insurance is a well-known company claims of user-friendliness and unswerving customer service. With diverse coverage plans suiting every individual, Kotak Life Insurance undeniably has a potential to be ranked as one of the best insurance companies of India. This company has a highly committed sales force with a touch of customer delight.