Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Policy typeCredit-life insurance for home, loan-against-property/mortgage and education loans.View source
The page defines credit life and lists the three covered loan segments.
- Source
- Kotak Life credit life
- Page / section
- Definition; Which loans will be covered
- Accessed
- 31 Aug 2026
- Confidence
- high
InsurerKotak Life Insurance.View source
The provider row names M/s. Kotak Life Insurance.
- Source
- Kotak Life credit life
- Page / section
- Insurance Coverage Provider
- Accessed
- 31 Aug 2026
- Confidence
- high
Sum insured / coverHome loan ₹10,000–₹10 crore; education loan ₹10,000–₹1 crore; loan against property ₹10,000–₹25 lakh.View source
The published segment table gives minimum ₹10,000 and the three maximum amounts.
- Source
- Kotak Life credit life
- Page / section
- Coverage amount
- Accessed
- 31 Aug 2026
- Confidence
- high
Entry ageHome loan 18–65 (exit 75); education loan 16–32 (exit 53); loan against property 18–60 (exit 75).View source
The official age table publishes entry and maximum-exit ages by loan segment.
- Source
- Kotak Life credit life
- Page / section
- Age Group
- Accessed
- 31 Aug 2026
- Confidence
- high
Policy termHome loan and loan-against-property: 2–30 years; education loan: 2–21 years.View source
The official period table gives 2–30 years for home/and 2–21 years for education.
- Source
- Kotak Life credit life
- Page / section
- Period of cover
- Accessed
- 31 Aug 2026
- Confidence
- high
PremiumPremium amount and payment frequency are not published on the reviewed page.View source
The complete official page publishes cover, ages and terms but no premium amount or frequency.
- Source
- Kotak Life credit life premium review
- Page / section
- Complete product page
- Accessed
- 31 Aug 2026
- Confidence
- high
Waiting periodNo separate waiting period is published on the reviewed page.View source
No waiting-period row appears in the official criteria and underwriting tables.
- Source
- Kotak Life credit life waiting review
- Page / section
- Complete product page
- Accessed
- 31 Aug 2026
- Confidence
- high
Key coverageClaim equals the loan amount outstanding for the month in which death occurs, according to the insurer’s cover schedule; term-loan cover uses reducing balance and education cover may be level or reducing.View source
The official page describes reducing-balance amortisation, education level/reducing options and outstanding-loan claim settlement.
- Source
- Kotak Life credit life
- Page / section
- Sum assured coverage options; Claim Amount
- Accessed
- 31 Aug 2026
- Confidence
- high
Key exclusionsNo separate exclusion list is published; insurer policy wording and the underwriting decision control exclusions and medical requirements.View source
The page publishes underwriting and medical rules but no exclusions table.
- Source
- Kotak Life credit life exclusions review
- Page / section
- Complete product page
- Accessed
- 31 Aug 2026
- Confidence
- high
Geographic limitsClaim equals the loan amount outstanding for the month in which death occurs, according to the insurer’s cover schedule; term-loan cover uses reducing balance and education cover may be level or reducing.View source
The manually reviewed product record states: “Claim equals the loan amount outstanding for the month in which death occurs, according to the insurer’s cover schedule; term-loan cover uses reducing balance and education cover may be level or reducing.”.
- Source
- Credit Life Insurance Cover (Kotak Life) — official product page
- Page / section
- Published product metadata
- Accessed
- 31 Aug 2026
- Confidence
- high
Benefits and features
- Home-loan cover ₹10,000 to ₹10 crore
- Education-loan cover ₹10,000 to ₹1 crore
- Loan-against-property cover ₹10,000 to ₹25 lakh
- Cover period up to 30 years for home/
and 21 years for education loans - Claim pays the outstanding loan amount for the month of death
Eligibility
- Individuals who have taken the listed loans from Indian Bank branches can avail the cover within 180 days of first disbursement.
- Published entry/
exit ages: home loan 18–65/ 75, education loan 16–32/ 53, loan against property 18–60/ 75.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Eligible Indian Bank loan account and first-disbursement details
- Borrower/co-borrower and age proof
- Cover schedule and premium debit authorisation
- Medical examination where the non-medical grid is exceeded
Related official documents
Credit Life Insurance Coverages in Association with M/s. Kotak Life — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
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