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Kotak Life Insurance Claim Settlement

Kotak Mahindra Life Insurance offers a smooth and quick claim registration and claims settlement process. For the financial year 2020-21, the insurer featured an impressive claim settlement ratio of 98.50% which shows that the insurer is trustworthy when it comes to settling claims. Apart from this, Kotak Life Insurance offers a 24x7 digital service option to provide its customers with all the information about the claim settlement process.

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1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

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User Reviews

4.6
Rating based on
147 User reviews
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What users are saying
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  • Easy purchase

    Due to my busy work schedule, I was not able to find time to give proper visits to insurance agents. Insurancedekho’s online portal made this easy for me. Their premium calculator and policy management tools helped me immensely. I bought Kotak Life Insurance in a quick and convenient way.

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    N
    Kotak
    By Neha rai
    On: Jun 21, 2024
  • Best Life Insurance

    My purchase of the Kotak Life Insurance plan was excellent with InsuranceDekho. I liked InsuranceDekho’s policy tracking facility very much. I didn’t have to follow up with the teams to know about the status of my Kotak Life Insurance Policy. Recommend it to everyone!

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    P
    Kotak
    By Prateek Pareek
    On: Feb 01, 2024
  • Amazing Insurance Company

    InsuranceDekho is a great platform to purchase a life insurance policy with ease. I bought a Kotak Life Insurance Policy after consulting with the insurance experts of the company. my heartfelt thanks go to the customer support team for suggesting this amazing life insurance policy. This company has become my first choice to buy any insurance policy

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    V
    Kotak
    By Vinod Kumar
    On: Dec 06, 2023
  • The easy claim settlement proc...

    I filed a claim on the InsuranceDekho website since I was secured with the Kotak Life Insurance Policy. The process was quick and easy. I got my claim settled in very little time. Thanks to the team for their guidance and assistance.

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    K
    Kotak
    By Kevin Dublin
    On: Nov 24, 2023
  • Empowering Financial Security

    InsuranceDekho empowered me to secure my family's financial future through a well-structured Kotak Life Insurance Policy. Their guidance was instrumental in making the right choice.

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    A
    Kotak
    By Abhishek Singh
    On: Nov 09, 2023
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FAQs

  • What is the claim settlement ratio of Kotak Life Insurance?

    Kotak Life Insurance featured a high claim settlement ratio of 96.38% in the FY 2019-20.

  • What is the helpline number of Kotak Life?

    The toll-free helpline number of Kotak Life is 1800 209 8800.

  • What is the average time period of the claim settlement process?

    Kotak Life strives to provide a claim amount in 7-15 days but in certain cases, it takes 120 days from the date of claim intimation for the claims department to fully assess and settle a claim.

  • Who will receive the claim benefit in the absence of the nominee/demise of the policyholder?

    If in any case the policyholder dies and there is no nominee mentioned in the policy or in case of unfortunate demise of the nominee/policyholder the claim benefit will be provided to the legal heir after the submission of legal title proof.

  • How can I track my Kotak Life Insurance claim?

    You can track your claim online at the website of Kotak Life Insurance by entering the policy holder’s details like claim type, policy number and date of birth.

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