{"uin":"107N144V01","name":"Kotak Protect Advantage","url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01","insurer":{"slug":"kotak-mahindra-life-insurance","name":"Kotak Mahindra Life Insurance Company Limited","url":"https://indiainsurances.com/insurer/kotak-mahindra-life-insurance"},"line":"life","category":"term-life","category_name":"Term life","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Kotak Protect Advantage is a non-participating non-linked individual pure risk life insurance product with Life and Life Secure plan options. It has no maturity benefit, offers immediate or level recurring death benefit payouts, and Life Secure includes waiver of premium on total and permanent disability.","analysis":{"state":"machine","analysed_at":"2026-10-20 00:51:00.90771+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Life Option","Life Secure Option"],"display":"Life Option; Life Secure Option","note":null,"quote":"There are two plan options available under this product Life & Life Secure Option, & shall provide the coverage equal to the Base Sum Assured specified in the Policy Schedule, subject to the terms and conditions of the Policy. ... i) Life Option: ... ii) Life Secure Option:","sources":[{"clause":"Part C","heading":null,"page":16,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-part-c"},{"clause":"1(i)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-1-i"},{"clause":"1(ii)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-1-ii"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":"The wording uses a blank schedule placeholder for the policy term and does not state product-level minimum or maximum policy terms.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Claims should be notified in writing within 90 days from the claim event. A claim can be intimated online, by email to kli.claimsmitra@kotak.com, at branches, or by sending documents to the head office claims department.","display":"Within ninety (90) days from the claim event","note":null,"quote":"A claim can be intimated to the Insurer online from the Insurer’s website; and the Claimant can also write to the Insurer’s claims department at kli.claimsmitra@kotak.com. ... Claims should be notified to the Company in writing within ninety (90) days from the claim event.","sources":[{"clause":"5","heading":"Claims","page":30,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-5-3"},{"clause":"5(ii)","heading":null,"page":31,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-5-ii"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["claim intimation form","original Death Certificate and medical cause of death/ relevant medical records","certificate from a registered Medical Practitioner and relevant hospital records","certified copies of First Information Report [FIR], Post Mortem Report, the autopsy report, any relevant newspaper cuttings and Final Police Closure Report","certified copy of the Life Insured’s driving license","Original Policy Document","All medical records","Claimant’s Photograph, Current Address Proof and Photo ID Proof","Copy of Cancelled cheque showing name of Bank, location of Bank Branch, Name of Account Holder, Bank Account No. and Bank IFSC Code"],"display":"Claim intimation form, proof of claim event, original policy document, claimant KYC/photo/address proof and bank details; extra documents for accident, driving, disability, critical illness or terminal illness claims","note":null,"quote":"• Proof of Claim Event: o In case of a Death claim the original Death Certificate and medical cause of death/ relevant medical records are required. o In case of claim events like Critical Illness or Permanent Disability, the certificate from a registered Medical Practitioner and relevant hospital records are required. ... o In case of death due to Accident then the certified copies of First Information Report [FIR], Post Mortem Report, the autopsy report, any relevant newspaper cuttings and Final Police Closure Report are required. o Where death occurs due to any car or motor accident where the Life Insured was the driver, a certified copy of the Life Insured’s driving license to be submitted. o Original Policy Document. o All medical records are required. ... o Claimant’s Photograph, Current Address Proof and Photo ID Proof as mentioned ... o Copy of Cancelled cheque showing name of Bank, location of Bank Branch, Name of Account Holder, Bank Account No. and Bank IFSC Code. ... • Claim Intimation Form:\nFor any claim, one must inform the Company by filling the ‘Claim Intimation Form’ with all details.","sources":[{"clause":"5(iv)","heading":null,"page":31,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-5-iv"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The policy wording states an advance insta payout timing, but does not state a time for final claim decision or final settlement; the CIS points to a website TAT.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["death of the Life Insured due to suicide within twelve (12) months","Sickness or disability which was a Pre-Existing Condition","Intentional self-inflicted injury, attempted suicide;","Life Insured being under the influence of drugs, alcohol, narcotics or psychotropic substances","Injuries resulting from war, invasion, act of foreign enemy, hostilities","Taking part in any naval, military or air force operation","Participation of the Life insured in any flying activity","The Life Insured committing an assault, a criminal offence, an illegal activity or any breach of law with criminal intent","Engaging in hazardous sports/ hobbies or activities","Nuclear biological and chemical contamination"],"display":"Suicide within 12 months; TPD waiver exclusions include pre-existing condition, self-inflicted injury or attempted suicide, drugs/alcohol, war/hostilities, naval/military/air force operations, flying activity, criminal activity, hazardous sports, and nuclear biological and chemical contamination","note":"The listed TPD waiver exclusions apply to Waiver of Premium on Total & Permanent Disability under Life Secure Option.","quote":"In the event of death of the Life Insured due to suicide within twelve (12) months from the Date of Commencement of Risk under the Policy or from the date of Revival of the Policy as applicable ... Sickness or disability which was a Pre-Existing Condition or Sickness or disability which was induced by or as a result of a Pre-Existing Condition unless Life Insured has disclosed the same at the time of proposal or date of Revival whichever is later and the Company has accepted the same. ... Intentional self-inflicted injury, attempted suicide; ... Life Insured being under the influence of drugs, alcohol, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a doctor; ... Injuries resulting from war, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes; ... Taking part in any naval, military or air force operation during peace time or during service in any police, paramilitary or any similar organisation; ... Participation of the Life insured in any flying activity, except as a bona fide, fare-paying passenger of a recognized airline or pilots and cabin crew of a commercial airline operating between established aerodromes, on regular routes and on a scheduled timetable; ... The Life Insured committing an assault, a criminal offence, an illegal activity or any breach of law with criminal intent; ... Engaging in hazardous sports/ hobbies or activities like (but not limited to) mountaineering, hunting, skiing, pot holing, racing of any kind, deep sea diving or climbing; ... Nuclear biological and chemical contamination; the radio-active, explosive or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or accident arising from such nature.","sources":[{"clause":"1","heading":"Suicide Exclusion","page":30,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-1-4"},{"clause":"3(a)","heading":null,"page":18,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-a-2"},{"clause":"3(b)","heading":null,"page":18,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-b-2"},{"clause":"3(c)","heading":null,"page":18,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-c-2"},{"clause":"3(d)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-d-2"},{"clause":"3(e)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-e-2"},{"clause":"3(f)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-f-2"},{"clause":"3(g)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-g-2"},{"clause":"3(h)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-h-2"},{"clause":"3(i)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-i"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First approach Kotak Life through a branch, Customer Care at the Malad address, toll-free 1800 209 8800, or https://kli.in/WECARE. If not satisfied or no response within 14 days, contact the Grievance Redressal Officer at the same address, 1800 209 8800, or kli.grievance@kotak.com.","display":"Branch / Customer Care / 1800 209 8800 / https://kli.in/WECARE; then Grievance Redressal Officer if no satisfaction or no response within 14 days","note":null,"quote":"In case the Policyholder/ complainant has any complaint(s) or grievance(s) against the Insurer, he/ she may approach the Insurer using any of the following modes for resolution:\n• visit any of the Insurer’s nearest branches;\n• write to the Insurer’s customer service department at - Customer Care, Kotak Mahindra Life Insurance Company Limited, 9th floor, Intellion Square (Bldg No. 4), Infinity IT Park, Gen. AK Vaidya Marg, Malad (E), Mumbai-400 097;\n• call the Insurer’s toll free number at 1800 209 8800;\n• write to the Insurer at https://kli.in/WECARE\nEscalation mechanism of the Insurer:\nIn case the Policyholder/ complainant is not satisfied with the decision provided by the above office(s) or has not received any response within 14 days, he/ she may contact the Grievance Redressal Officer","sources":[{"clause":"1","heading":"For resolution of grievances","page":36,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-1-5"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"not-stated","value":null,"display":null,"note":"The wording defines Sum Assured and uses a blank schedule placeholder, but does not state product-level minimum or maximum life cover.","quote":null,"sources":[],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"For both Life Option and Life Secure Option, if the life insured dies during the policy term while the policy is in force, the claimant receives the Sum Assured on Death. Sum Assured on Death is the higher of Sum Assured, 11 times Annualised Premium, or 105% of Total Premiums paid plus underwriting extra premiums and Milestone Upgrade Option fee, if any, till death.","display":"Higher of Sum Assured, 11 times Annualised Premium, or 105% of Total Premiums paid plus specified extras","note":"Due unpaid premiums and outstanding modal premiums may be deducted if death occurs during the grace period or premium break period.","quote":"The Death Benefit shall be payable to the Claimant in case of death of the Life Insured, during the Policy Term provided policy is In-force. The Death Benefit payable for Life Option & Life Secure Option will be Sum Assured on Death.\nSum Assured on death shall be higher of the following: ... a) Sum Assured; or ... b) 11 times Annualised Premium; or ... c) 105% of Total Premiums paid plus underwriting extra premiums, plus Milestone Upgrade Option fee, if any till the date of death of the Life Insured.","sources":[{"clause":"2","heading":"Death Benefit","page":16,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2"},{"clause":"2(a)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-a"},{"clause":"2(b)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-b"},{"clause":"2(c)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-c"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"No benefit is payable if the Life Insured survives to the Date of Maturity.","display":"No maturity benefit","note":null,"quote":"There is no Benefit payable under this Policy upon survival of the Life Insured to the Date of Maturity.","sources":[{"clause":"4","heading":"Maturity Benefit","page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-4"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Premium Payment Term is the period during which the policyholder pays premium to get full benefits. If the Premium Payment Term is less than the Policy Term it is Limited Pay, and if it is the same as the Policy Term it is Regular Pay.","display":"Regular Pay or Limited Pay, as per Premium Payment Term","note":"The policy wording does not state product-level minimum or maximum premium paying terms.","quote":"Premium Payment Term: | <<__ years>>\nPremium Payment Option: | <<Regular/ Limited>> ... This is the period during which the Policyholder shall pay the Premium to get the full benefits as mentioned in the Schedule of the Policy.\nIf the Premium Payment Term is less than the Policy Term, it shall mean Limited Pay. If the Premium Payment Term is the same as Policy Term, it shall mean Regular Pay.","sources":[{"clause":null,"heading":"Policy Details","page":6,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-policy-details"},{"clause":"Part B(d)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-part-b-d"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"not-stated","value":null,"display":null,"note":"The wording does not state the maximum maturity age.","quote":null,"sources":[],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If death is due to suicide within 12 months from commencement of risk or revival, the claimant receives the higher of 80% of Total Premiums paid plus underwriting extra premium, if any, till death, or the Voluntary Termination Value, if any, on the date of death, provided the policy is in force. If suicide occurs within 12 months of exercising any Milestone Upgrade option, that milestone sum assured is not payable and 80% of the total premium paid for that upgraded sum assured is payable.","display":"Within twelve (12) months: higher of 80% of Total Premiums paid plus underwriting extra premium, if any, or Voluntary Termination Value, if any","note":null,"quote":"In the event of death of the Life Insured due to suicide within twelve (12) months from the Date of Commencement of Risk under the Policy or from the date of Revival of the Policy as applicable, the higher of 80% of the Total Premiums paid plus underwriting extra premium, if any, till the date of death of Life Insured or the Voluntary Termination Value (if any) on the date of death of the Life Insured, shall be payable to the Claimant provided the Policy is in force.\nIn case of death of the Life Insured due to suicide within twelve (12) months of exercising any Milestone Upgrade option, the Sum Assured pertaining to such Milestone Upgrade Option shall not be payable. In such case, 80% of the total premium paid (including underwriting extra premium, if any) till date of death pertaining to the above Milestone Upgrade option Sum Assured shall be payable.","sources":[{"clause":"1","heading":"Suicide Exclusion","page":30,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-1-4"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"Regular Premium Payment Option acquires no Voluntary Termination Value. Under Limited Premium Payment Option, after payment of all due premiums, the Voluntary Termination Value is Factor x sum of Total Premiums paid plus Milestone Upgrade fee, modal loadings and underwriting extra premiums, where Factor is 60% x Unexpired Policy Term / Policy Term; it is paid as a lump sum and the policy terminates.","display":"Regular Pay: none; Limited Pay: after all due premiums, Factor x specified premiums and fees","note":"A separate Special Exit Benefit can return specified premiums if termination is after completion of the 25th policy year, only for policy term 30 years and above, and subject to conditions.","quote":"The Policy shall not acquire any Voluntary Termination Value under Regular Premium Payment Option. The Voluntary Termination Value will be acquired under Limited Premium Payment Optionafter payment of all due Premiums.\nIn case the Policyholder does not want to continue and wishes to terminate the Policy, the Voluntary Termination Value payable to the Policyholder under Limited Pay shall be as stated below:\nVoluntary Termination Value = Factor x sum of Total Premiums paid plus Milestone Upgrade fee, loadings for modal premium and underwriting extra premiums, if any, till date.\nWhere; Factor = 60% * (Unexpired Policy Term#/ Policy Term). ... The Voluntary Termination Value will be paid out as lump sum and once the said value is paid, the Policy shall stand terminated and no further benefits shall be applicable/ payable.","sources":[{"clause":"3","heading":"Voluntary Termination Value","page":27,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-3"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"No reduced paid-up benefit applies. If the policy lapses and is not revived, all premiums paid stand forfeited and no benefits are payable.","display":"Reduced Paid-Up: Not applicable","note":null,"quote":"If the Policy is lapsed and not revived subsequently as per the terms and conditions for revival as stated in ‘Revival’ clause mentioned below, all the Premiums paid under the Policy shall stand forfeited and no benefits shall be payable under the Policy. ... Reduced Paid-Up: Not applicable for this product","sources":[{"clause":"1","heading":"Lapse","page":26,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-1-3"},{"clause":null,"heading":"CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY","page":1,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10444#c-customer-information-sheet-know-your-policy"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A lapsed policy can be revived within five (5) years from the due date of the first unpaid premium and before maturity, by written application, evidence of continued insurability at the policyholder/life insured's cost, and payment of outstanding premiums with taxes and interest.","display":"Within five (5) years from the due date of the first unpaid Premium and before maturity","note":null,"quote":"The Policyholder can revive a Lapsed Policy (with or without Riders) by making a written (physical or electronic) application to the Company to that effect; within a period of five (5) years from the due date of the first unpaid Premium and before the Date of Maturity of the Policy. ... The Policyholder/ Life Insured at his/ her own cost, provides the Company with evidence of continued insurability of the Life Insured ... Payment of the outstanding Premiums along with the applicable taxes, cesses and levies (if any); plus, interest charge (currently 9% per annum simple interest of outstanding Premiums)","sources":[{"clause":"2","heading":"Revival","page":26,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-3"},{"clause":"2(i)","heading":null,"page":26,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-i"},{"clause":"2(ii)","heading":null,"page":26,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-ii"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Loans under this policy are not allowed.","display":"Loans not allowed","note":null,"quote":"Loans under this policy are not allowed.","sources":[{"clause":"4","heading":"Loans","page":28,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-4-3"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Kotak Permanent Disability Benefit Rider (UIN – 107B002V03)","Kotak Critical Illness Plus Benefit Rider (UIN – 107B020V02)","Kotak Accidental Death Benefit Rider (UIN – 107B001V04)"],"display":"Kotak Permanent Disability Benefit Rider; Kotak Critical Illness Plus Benefit Rider; Kotak Accidental Death Benefit Rider","note":"Riders are optional and require payment of their respective premiums.","quote":"A. Kotak Permanent Disability Benefit Rider (UIN – 107B002V03) (not available for Life Secure Option) B. Kotak Critical Illness Plus Benefit Rider (UIN – 107B020V02) C. Kotak Accidental Death Benefit Rider (UIN – 107B001V04)","sources":[{"clause":"5","heading":"Rider Benefits","page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-5"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"After expiry of 3 years from the later of issuance, commencement of risk, revival or rider date, no life policy can be called in question on any ground. Within 3 years it may be called in question for fraud, or for material misstatement or suppression, with written communication of grounds and materials; if repudiation is for misstatement and not fraud, premiums collected are paid within 90 days from repudiation.","display":"No questioning after 3 years; within 3 years for fraud or material misstatement with written grounds","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 years from\na) the date of issuance of policy or\nb) the date of commencement of risk or\nc) the date of revival of policy or\nd) the date of rider to the policy whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years ... For this, the Insurer should communicate in writing to the insured or legal representative or nominee or assignees of insured, as applicable, mentioning the ground and materials on which such decision is based. ... Life insurance Policy can be called in question within 3 years on the ground that any statement of or suppression of a fact material to expectancy of life of the insured was incorrectly made ... In case repudiation is on ground of mis-statement and not on fraud, the premium collected on policy till the date of repudiation shall be paid to the insured or legal representative or nominee or assignees of insured, within a period of 90 days from the date of repudiation.","sources":[{"clause":"01","heading":null,"page":45,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-01-3"},{"clause":"02","heading":null,"page":45,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-02-3"},{"clause":"06","heading":null,"page":45,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-06-3"},{"clause":"07","heading":"In case repudiation is on ground of mis-statement and not on fraud, the premium collected","page":45,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-07-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"quote-verified","value":"The policy is subject to Indian tax laws as amended from time to time, including tax deducted at source where applicable. The policyholder is advised to consult a tax advisor for tax benefits available under the policy.","display":"Subject to tax laws; consult tax advisor for tax benefits","note":null,"quote":"This Policy is subject to the Tax Laws*, as amended from time to time, and other legislations prevailing in India. ... This Policy is subject to tax deducted at source at the applicable rates, in accordance with the prevailing Tax Laws. ... The Policyholder is advised to consult his/ her tax advisor for the tax benefits available under this Policy.","sources":[{"clause":"10(v)","heading":null,"page":34,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-10-v"}],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":"Subject to no claims having been made; refund is after deducting proportionate risk premium, stamp duty and medical examination expenses, if any.","quote":"The Policyholder is offered a 30 days’ free look period to review the terms and conditions of the Policy (except for policies having a policy term of less than a year) beginning from the date of receiving the Policy Document in electronic form.","sources":[{"clause":"5","heading":"Free Look Provision","page":28,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-5-2"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days for Yearly, Half-Yearly and Quarterly; 15 days for Monthly","note":"Norm uses 30 days; monthly mode has 15 days.","quote":"Grace Period:\nMeans the time granted by the Company i.e. 30 days from the due date for the payment of Premium for Yearly, Half-Yearly and Quarterly Premium Payment Mode and 15 days for Monthly Premium Payment Mode, without levy of any interest or penalty during which time the Policy is considered to be in-force with the risk cover without any interruption as per the terms of the Policy.","sources":[{"clause":"Part B(xvii)","heading":null,"page":10,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-part-b-xvii"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"not-stated","value":null,"display":null,"note":"The wording does not state minimum or maximum entry age.","quote":null,"sources":[],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["Yearly","Half-Yearly","Quarterly","Monthly"],"display":"Yearly / Half-Yearly / Quarterly / Monthly","note":null,"quote":"Premium Payment Mode: | <<Yearly/ Half-Yearly/ Quarterly/ Monthly>> ... The annual Premiums are payable in advance on the anniversary of the Date of Commencement of Policy. However, with the consent of the Company, the Premium(s) can also be paid in half-yearly/ quarterly/ monthly installments.","sources":[{"clause":null,"heading":"Policy Details","page":6,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-policy-details"},{"clause":"B","heading":"PREMIUMS PAYABLE","page":20,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-b"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Regular","Limited"],"display":"Regular / Limited","note":null,"quote":"Premium Payment Option: | <<Regular/ Limited>> ... If the Premium Payment Term is less than the Policy Term, it shall mean Limited Pay. If the Premium Payment Term is the same as Policy Term, it shall mean Regular Pay.","sources":[{"clause":null,"heading":"Policy Details","page":6,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-policy-details"},{"clause":"Part B(d)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-part-b-d"}],"law":[]},{"key":"return_of_premium","label":"Return of premium option","section":"Cover","meaning":"Whether premiums come back if you survive the term, and at what cost. 'No' only when the document says no maturity benefit is payable.","status":"quote-verified","value":"There is no return of premium on maturity because no benefit is payable on survival to the Date of Maturity. A separate Special Exit Benefit can return specified premiums if the policyholder terminates after completion of the 25th policy year, only for policies with policy term 30 years and above and subject to conditions.","display":"No maturity return; Special Exit after 25th policy year for policy term 30 years and above","note":"Special Exit is not available during the last 5 years of the policy term and is not applicable where Life Secure Waiver of Premium on Total and Permanent Disability has been triggered.","quote":"There is no Benefit payable under this Policy upon survival of the Life Insured to the Date of Maturity. ... The Policyholder shall be provided a ‘Special Exit’ benefit pursuant to which, the Total Premiums paid; plus underwriting extra premiums paid; plus loadings for modal premiums (if\nany) shall be returned to him/ her if the Policyholder terminates his/ her Policy during:\nThe Policyholder can avail this option anytime after the completion of 25th Policy year this is only applicable to Policies with Policy Term 30 years and above.","sources":[{"clause":"4","heading":"Maturity Benefit","page":19,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-4"},{"clause":"3","heading":"Voluntary Termination Value","page":27,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3-3"}],"law":[]},{"key":"payout_options","label":"Payout options","section":"Cover","meaning":"Lump sum, monthly income, or a mix for your family.","status":"quote-verified","value":"Death benefit can be paid as an Immediate Payout, a one-time payout after which the policy terminates, or as a Level Recurring Payout, with 10% of Sum Assured on Death as a lump sum at claim settlement and 6% of Sum Assured on Death every year for 15 years. The claimant can instead receive the annual payments in monthly mode for 15 years, where monthly payments are 8.22% of the annual payments.","display":"Immediate one-time payout; Level Recurring Payout with 10% lump sum plus 6% every year for 15 years, or monthly for 15 years","note":null,"quote":"i) Immediate Payout Option:\nIn case of death of the Life Insured, the Death Benefit as aforesaid shall be payable as a onetime payout and the Policy stands terminated.\nii) Level Recurring Payout Option:\nIn case of death of the Life Insured, the Death Benefit as aforesaid shall be payable in the following manner: ... Lump sum payment of 10% of Sum Assured on Death shall be payable to the Nominee at the time of claim settlement. ... 6% of Sum Assured on Death shall be payable every year for 15 years and the first such payment shall be made one year after the date of death of Life Insured. ... The Claimant has an option to receive this annual payment in monthly mode for 15 years. The monthly payments shall be 8.22% of the annual payments (i.e. 6% of Sum Assured on Death).","sources":[{"clause":"2(c)","heading":null,"page":16,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-c"},{"clause":"2(a)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-a-2"},{"clause":"2(b)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-b-2"},{"clause":"2(c)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-2-c-2"}],"law":[]},{"key":"terminal_illness","label":"Terminal illness benefit","section":"Cover","meaning":"Whether part of the cover is paid early on diagnosis of a terminal illness.","status":"quote-verified","value":"Accelerated Terminal Illness Benefit is available only if Immediate Payout option is chosen under either Life Option or Life Secure Option. It is not an additional benefit; on diagnosis of terminal illness during the policy term, the lower of 100% of Sum Assured on Death or Rs. 2 Cr is paid as a lump sum and accelerates the death benefit.","display":"Yes, lower of 100% of Sum Assured on Death or Rs. 2 Cr as lump sum, only with Immediate Payout","note":"This option cannot be availed if Level Recurring Payout option is chosen.","quote":"D. ACCELERATED TERMINAL ILLNESS BENEFIT:\nThis Benefit is available only if Immediate Payout option is chosen under both Life Option & Life Secure Option\nAccelerated Terminal Illness Benefit only accelerates the Death Benefit payable under the Policy and is not an additional benefit, it only facilitates an earlier payout of the Death Benefit on diagnosis of Terminal Illness.\n• In case the Life Insured is diagnosed with Terminal Illness during the Policy Term, lower of 100% of the Sum Assured on Death or Rs. 2 Cr shall be paid as lump sum.","sources":[{"clause":"B","heading":"PREMIUMS PAYABLE","page":20,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-b"}],"law":[]},{"key":"increasing_cover","label":"Increasing or life-stage cover","section":"Cover","meaning":"Options to raise cover over time or at marriage or childbirth.","status":"quote-verified","value":"Milestone Upgrade Option is available only for Regular Premium Payment mode and must be chosen at inception. It can increase Basic Sum Assured without further medical examinations on first marriage, purchase of first house in India, or birth/legal adoption of a second child, subject to event-wise caps, an aggregate cap and maximum option exercise age.","display":"Milestone Upgrade: marriage 50% up to ₹50 Lakh; 1st house 50% up to ₹50 Lakh; second child 25% up to ₹25 Lakh","note":"The option must be exercised within 1 year from the identified event and attracts an option fee; the increase also requires additional premium.","quote":"C. MILESTONE UPGRADE OPTION:\nThis option is available only for Regular Premium Payment Payment mode where the Policyholder will have the option to choose this benefit at the Inception of Policy. Having opted for this benefit, Policyholder can increase the Basic Sum Assured on the occurrence of certain Identified Events mentioned below without undergoing any further medical examinations:\nIdentified Events | Maximum Increase in Basic Sum Assured\nMarriage^(First marriage after commencement of Policy) | 50% of original Basic Sum Assured up to ₹50 Lakh\nPurchase of 1st house in India after commencement of the Policy^ | 50% of original Basic Sum Assured (subject to maximum of loan amount) up to ₹50 Lakh\nBirth or legal adoption of 2 child^ (for each child) | 25% of original Basic Sum Assured up to ₹25 Lakh ... This option can be exercised at 1 or more of the Identified Events listed above, provided that the revised sum assured is not more than 300% of the original Basic Sum Assured (that means aggregate increase in Sum Assured under this option is capped at 150% of original Basic Sum Assured). The maximum option exercise Age is capped at 45 years.","sources":[{"clause":"B","heading":"PREMIUMS PAYABLE","page":20,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-b"}],"law":[]},{"key":"waiver_of_premium","label":"Waiver of premium","section":"Cover","meaning":"Whether future premiums stop on disability or critical illness.","status":"quote-verified","value":"Waiver of premium is included only if the policyholder chooses Life Secure Option. On Total and Permanent Disability during the Premium Payment Term, future outstanding base plan Premium and Accelerated Terminal Illness Premiums, if any, are waived and death cover continues to the end of the policy term.","display":"Yes, under Life Secure Option on Total and Permanent Disability","note":"Riders, if opted, are terminated on waiver of future premiums.","quote":"This benefit is applicable only if the Policyholder has chosen the Life Secure Option.\nOn Total and Permanent Disability of the Life Insured during the Premium Payment Term subject to satisfying the conditions mentioned and acceptance of the claim by the Company, future outstanding base plan Premium and Accelerated Terminal Illness Premiums, if any shall be waived off and the cover on death shall continue to remain in-force till the end of the Policy Term.","sources":[{"clause":"3","heading":"Waiver of Premium on Total and Permanent Disability","page":17,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399#c-3"}],"law":[]},{"key":"medicals","label":"Medical tests","section":"Eligibility","meaning":"Whether medical tests are needed, and at what cover.","status":"not-stated","value":null,"display":null,"note":"The wording mentions medical examinations and evidence for certain situations, but does not state whether medical tests are required at purchase or the cover amount at which they apply.","quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Kotak Protect Advantage UIN 107N144V01","pages":46,"fetched_at":"2026-10-17 19:46:37+00","source_url":"https://www.kotaklife.com/assets/images/uploads/how_do_i/Kotak_Protect_Advantage_UIN_107N144V01_Policy_Document.pdf","url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10399"},{"kind":"cis","label":"Kotak Protect Advantage CIS (English)","pages":5,"fetched_at":"2026-10-17 19:49:03+00","source_url":"https://www.kotaklife.com/assets/images/uploads/how_do_i/Kotak_Protect_Advantage_UIN_107N144V01.pdf","url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01/document/10444"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Kotak Mahindra Life Insurance official website","url":"https://www.kotaklife.com/","note":"Website as listed by IRDAI. Not checked: the site served a browser challenge to our crawler on 2026-10-19; we do not solve challenges."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Kotak Protect Advantage (UIN 107N144V01), IndiaInsurances, https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-protect-advantage-107n144v01"}