Underwriting

guidelines for
Kotak e-Term Plan
Guidelines for e-Term Plan for Housewives
Guidelines for e-Term Plan for Housewives

We are pleased to announce that we can now offer Kotak E - Term plans to
Housewives too. This is part of our ini a ves to offer protec on plans to newer
segments.

This is new opening to those prospec ve customers who are looking for Term
plan for their family (husband and wives both) or individually.

Please find guidelines for offerings of this plan to Housewives. Same guidelines
will apply to housewife filing ITRS also.

Housewives Guideline for Term Plan

Housewife and their Spouse should meet following eligibility Criteria
1. Educa on Both should be graduate and above ( Housewife & her
qualifica on husband)
2. Sum assured *Sum assured shall be restricted upto 50% of total term cover
of the Housewife's spouse with Kotak life/other insurance
company subject to maximum of INR 1 Cr on a per life basis.
*Copy of Husband term insurance policy document is
mandatory.
3. Earned annual *Husband should have an earned annual income of INR
income 500,000 & above.
* Submission of Husband Standard Income proof is
mandatory.
4. Financial Husband has to be financially eligible for the combined cover
Eligibility on himself and his spouse
(For example: If Housewife spouse is covered for 2 Cr and
intend to take 1 Cr cover on housewife, housewife spouse
should be financially eligible for 3 Cr cover basis his earned
income)
5. Tele Tele verifica on shall be done before policy insurance to verify
verifica on the risk.
6. Mandatory Mandatory medicals required as per age and sum assured.
medicals No Tele OR Non-medical limit is applicable