Term Insurance 405 views January 4, 2021

A term plan helps your family meet their future needs after your death. Many insurance companies offer attractive term insurance plans to bail your family out in case you leave their hands. Among such companies, Max Life Insurance and Kotak Life Insurance are two that keep jostling against each other to grab more market share. Interestingly, both Max Life Online Term Plan Plus and Kotak e-Term plan are quite popular among the people of India. And it is possible you might get confused as to which to choose. To make the selection easy for you, we have presented Max Life Online Term Plan Plus and Kotak e-Term comparison on the page below. So, let’s read this page and compare Max Life Online Term Plan Plus Vs Kotak e-Term plan and choose the best for yourself as per your requirements.

Term Insurance

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Compare Max Life Online Term Plan Plus Vs Kotak e-Term Features

Before purchasing a term plan, we always look at their features first. Let’s see what these policies offer.

Max Life Online Term Plan Plus

Under this term plan, there is a choice of Death Benefit Payout that you can select as per your family requirements from – lump sum and income. Pay your Premiums for Max Life Online Term Plan Plus till retirement as the company’s premium payment is till age 60 and coverage is till the age of 85 years for this policy. For additional protection, you can top-up your cover with the accident, disability, and critical illnesses rider.

Kotak e-Term

You get high-level protection under the Kotak e-Term Plan at a premium less than INR 9 per day only. And there are 3 Plan options to choose from – Life, Life Plus and Life Secure. Select your payout options from the following: Immediate Payout, Level Recurring Payout and Increasing Recurring Payout. Here, you can also enhance the protection of your life through two riders – Permanent Disability and Critical Illness Plus.

Compare Benefits of Max Life Online Term Plan Plus Vs Kotak e-Term

As you know these term plans are purchased to secure your family financially in case of your death, dismemberment or if a critical illness is diagnosed in your case. So, let’s compare the Max Life Online Term Plan Plus and Kotak e-Term plan benefits in the table below.

ParticularsMax Life Online Term Plan PlusKotak e-Term
Death Benefit

  1. 100% of the policy Sum Assured under the sum assured death benefit option

  2. 100% of the policy Sum Assured + 0.4% of the policy Sum Assured per month, for up to 10 years under Sum Assured plus Level Monthly Income Death Benefit option

  3. 100% of the policy Sum Assured + Increasing monthly income for 10 years where the interest increases from 0.4%-10% under Sum Assured plus Increasing Monthly Income Death Benefit option

  1. 100% of the Sum Assured under Life option

  2. 100% of the Sum Assured under Life Plus

  3. 100% of the Sum Assured under Life Secure

Accidental Death BenefitIf you opt for an additional cover by way of rider Sum Assured, in case of accidental death or dismemberment, you will get the rider sum assured.100% of the Sum Assured + Accidental Death Benefit, subject to a maximum of INR 1 Crore under Life Plus option
Total & Permanent
Disability Benefit
Get waiver of all future premiums under this policy by opting for riders, so in case of Critical Illness, Dismemberment or Death, the rider benefit will be paidWaiver of all future premiums under Life Secure option

Compare the Exclusions from Max Life Online Term Plan Plus Vs Kotak e-Term

You should know what the policy doesn’t cover because you will not be in the right space to go through exclusions when faced with risks. So check out the pointers below and know what Max Life Online Term Plan Plus and Kotak e-Term don’t cover.

  1. Any Sexually Transmitted Disease (STD) and its complications, AIDS or HIV
  2. Any condition, ailment, injury related to your pre-existing diseases
  3. External Congenital Anomaly
  4. Intentional self-inflicted injury or suicide
  5. Alcohol or Drug addict
  6. War
  7. Participation in any flying activity, except for fare-paying passengers
  8. Criminal or unlawful acts

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