Life Insurance

About This Service

Protecting the Wealth You Have Built

Life insurance is not merely a financial product — it is a promise to your family that the life you have built for them will endure, regardless of what happens to you. At Peacock Wealth Management, we believe every wealth management plan must begin with protection, because no investment strategy can withstand the financial devastation of an unprotected loss.

As an authorized agent of Kotak Life Insurance, we are positioned to help our clients access Kotak Life's comprehensive range of life insurance products — from pure term protection to wealth-creating ULIPs and guaranteed return plans. Our facilitation role means we guide you to the right product for your specific situation, not just the most available one.

What distinguishes us is our integrated facilitation approach. As a AMFI-registered Mutual Fund Distributor, we understand your complete financial picture — your investments, liabilities, income, dependants, and goals — before facilitating access to suitable life insurance. Your coverage is designed as part of your wealth strategy, not as an afterthought.

Our Insurance Partnership

Kotak Life Insurance

Kotak Life Insurance is one of India's leading life insurance providers, known for transparent products, consistent claim settlement, and a strong financial foundation. As an authorized agent, Peacock Wealth Management facilitates access to Kotak Life's full product range for our clients across individual and corporate categories.

Peacock Wealth Management — Authorized Agent, Kotak Life Insurance

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Requirement-Based Advisory

We assess your financial obligations, income, dependants, existing coverage, and long-term goals before facilitating access to life insurance products — ensuring what you purchase genuinely serves your needs.

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Tax Planning Integration

Life insurance is one of the most powerful tax-saving instruments in India. We integrate your life cover with your Section 80C planning and wealth transfer strategy to maximise both protection and tax efficiency.

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Kotak Life — Full Product Access

As an authorized Kotak Life agent, we have access to their complete product portfolio — term, ULIP, endowment, pension, and child plans — ensuring you receive a solution from India's trusted insurer.

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Ongoing Relationship

We remain your point of contact for policy queries, nominations, renewals, and claims guidance — ensuring the relationship extends well beyond the initial purchase.

Kotak Life Insurance Products

Life Insurance Solutions We Facilitate

As an authorized Kotak Life agent, we facilitate access to the following life insurance product categories based on each client's specific requirements.

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Term Insurance

Pure life protection at the lowest premium — the most cost-efficient way to ensure your family's financial security. A high sum assured for a defined period, paying out only on death during the policy term.

High life cover at minimal premium — ideal for primary earners
Lump sum or income payout options for family upon claim
Critical illness and accidental death rider options available
Return of premium variant for clients who prefer maturity benefit
Online and offline purchase options through Kotak Life

80C Benefit Highest Cover, Lowest Premium

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ULIP — Unit Linked Insurance Plans

The dual-benefit instrument — combining life insurance protection with market-linked investment growth. Premiums are split between insurance cover and investment in equity, debt, or hybrid funds.

Life cover plus investment growth in a single plan
Choice of equity, debt, and balanced fund options
Tax-free maturity benefit under Section 10(10D) — subject to conditions
Partial withdrawal flexibility after the 5-year lock-in period
Fund switching options to align with market conditions

80C + 10(10D) Market-Linked Growth

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Endowment Plans

Guaranteed returns with life protection — for clients who prefer predictable, assured outcomes rather than market-linked growth.

Guaranteed maturity benefit — regardless of market conditions
Bonus additions during the policy term
Suitable for conservative, long-term savings goals
Life cover throughout the premium payment term

Assured Maturity Outcomes

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Pension & Retirement Plans

Build a guaranteed income stream for retirement — annuity and pension plans that provide financial independence after your earning years.

Regular income for life post-retirement
Joint life and single life annuity options
Lump sum + annuity combination plans
Return of purchase price benefit for nominees

Retirement Income

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Child Plans

Secure your child's education and future — regardless of what happens to you. Structured to deliver funds exactly when your child needs them most.

Milestone-based payouts aligned to education milestones
Premium waiver benefit on parent's death — plan continues
Market-linked and guaranteed return variants
Tax-free maturity and death benefit

Education & Future

Tax Advantages

Life Insurance as a Tax Planning Tool

Life insurance is one of the most tax-efficient instruments available to Indian taxpayers. Here are the key tax benefits available on Kotak Life Insurance products — subject to applicable Income Tax Act provisions.

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80C

Premium Deduction

Up to ₹1,50,000

Annual premiums paid for life insurance policies are deductible under Section 80C — up to ₹1.5 lakh per financial year, shared with other 80C instruments.

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10(10D)

Maturity & Death Benefit

Tax-Free*

Maturity proceeds and death benefit payouts from life insurance are exempt from income tax under Section 10(10D) — subject to premium-to-sum-assured ratio conditions.

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Wealth Transfer

Legacy Planning

Most Tax-Efficient

Life insurance death benefit is the single most tax-efficient wealth transfer instrument available in India — with no inheritance tax on proceeds payable to nominees.

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Tax Disclaimer: Tax benefits mentioned are based on prevailing Income Tax Act provisions and are subject to change. The 10(10D) exemption is subject to the premium not exceeding 10% (for policies issued after April 2012) or 20% (policies before April 2012) of the sum assured. ULIPs with annual premiums exceeding ₹2.5 lakh are taxable on maturity. Please consult a qualified Chartered Accountant for personalised tax advice based on your income and applicable tax slab.

How It Works

From Conversation to Coverage

Our process is straightforward, transparent, and designed to ensure you receive the right life insurance solution for your actual requirements.

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Initial Consultation

We discuss your income, dependants, existing coverage, financial obligations, and long-term goals — building a complete picture of your insurance requirement.

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Needs Assessment

Based on your profile, we identify the appropriate type of life cover, the recommended sum assured, the optimal tenure, and the suitable product category from Kotak Life's range.

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Application & Documentation

We assist with the proposal form, medical disclosures, KYC documentation, and premium payment — streamlining the application process to minimise your effort.

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Policy Issuance & Review

Once coverage is active, we conduct periodic reviews to ensure your life cover remains adequate as your financial situation, family, and responsibilities evolve.

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Important Disclosures

Regulatory information regarding our role as an authorized Kotak Life Insurance agent

Our Role

Peacock Wealth Management acts as an authorized agent of Kotak Life Insurance. We facilitate the purchase of Kotak Life insurance products by our clients. We are not an insurance company and do not underwrite insurance policies.

Insurance Company

All life insurance policies facilitated by us are issued by Kotak Mahindra Life Insurance Company Limited, a licensed and IRDAI-regulated life insurance company. Claims are processed by Kotak Life Insurance directly.

Advisory Separation

Our AMFI-registered distribution and facilitation services and our life insurance agency activities are maintained as separate activities in compliance with applicable IRDAI guidelines.

Client Suitability

Life insurance products are recommended based on each client's stated requirements, risk profile, and financial situation. Clients are advised to read all policy documents, terms, conditions, exclusions, and the Free Look period provisions carefully before purchasing.

Regulatory Authority

Life insurance products and agency activities are regulated by IRDAI (Insurance Regulatory and Development Authority of India). For regulatory queries, visit www.irdai.gov.in.

Claims Process

Insurance claims are processed directly between the policyholder / nominee and Kotak Life Insurance. Peacock Wealth Management provides guidance and support but does not have authority over claim settlements or underwriting decisions.

Full Service Disclosure

"We act as an authorized agent for Kotak Life Insurance, helping clients access life insurance solutions based on their requirements."

Peacock Wealth Management is a AMFI-registered Mutual Fund Distributor and acts as an authorized agent of Kotak Mahindra Life Insurance Company Limited for the facilitation of life insurance products. All life insurance products are subject to IRDAI regulations, and the terms, conditions, exclusions, and underwriting guidelines of Kotak Life Insurance. Tax benefits are subject to the provisions of the Income Tax Act, 1961 and may change as per amendments by the government. Past performance of ULIP funds is not indicative of future returns. Clients are advised to read all Key Information Documents (KID), policy wordings, and product brochures carefully before making a purchase decision. Insurance is a subject matter of solicitation.

Common Questions

Frequently Asked Questions

What does it mean that you are an authorized Kotak Life agent?+

An authorized insurance agent is an individual or entity licensed by an insurance company (in this case, Kotak Life Insurance) to solicit, facilitate, and assist clients in purchasing life insurance products. As an authorized agent, Peacock Wealth Management can present Kotak Life's product range, explain policy features, assist with applications, and provide ongoing service — while all actual policy issuance, premium collection, and claims settlement remain with Kotak Life Insurance directly.

Does purchasing life insurance through you cost more than going directly to Kotak Life?+

No — the premium you pay is the same whether you purchase directly from Kotak Life or through us as an authorized agent. Insurance agents are compensated through a commission structure built into the insurance product by the insurance company, not as an additional charge to you. You receive the benefit of our needs-based advisory at no additional cost.

How much life insurance cover do I actually need?+

The appropriate sum assured depends on your income, financial obligations (mortgage, loans), number of dependants, existing assets, and future goals. A general rule is to aim for 10–15 times your annual income as a starting point — but our team will conduct a proper Human Life Value (HLV) assessment to arrive at the right figure for your specific situation. Contact us for a free needs assessment.

What is the difference between term insurance and a ULIP?+

Term insurance provides pure life protection — a large cover for a low premium, paying out only if you pass away during the policy term. There is no maturity benefit if you survive the term. ULIPs combine life cover with market-linked investment — a portion of your premium goes toward investment in funds of your choice, with potential growth over time. Term plans are ideal for maximising protection affordably; ULIPs suit clients seeking both protection and long-term wealth creation in a tax-efficient wrapper.

Can I get life insurance if I have a pre-existing medical condition?+

Yes, in many cases. Kotak Life Insurance evaluates each application individually based on the nature and severity of the medical condition. Some conditions may result in premium loading (a higher premium), exclusion of specific benefits, or, in rare cases, declining of coverage. It is critically important to disclose all pre-existing conditions accurately in your proposal form — non-disclosure can result in policy cancellation or claim rejection. Our team helps you navigate this process transparently.

What is the Free Look Period for life insurance?+

IRDAI mandates a Free Look Period of 30 days (for policies sold through distance marketing channels) from the date of receipt of the policy document. During this period, if you are not satisfied with the terms and conditions of the policy, you may return it and receive a refund of the premium paid (less proportionate risk premium for the cover period and expenses incurred by the insurer, if any). We advise all clients to review their policy document carefully within this period.

Begin Your Protection Journey

Secure the future you are building — today.

Speak with our authorized Kotak Life advisors about the right life insurance for your family, your obligations, and your legacy.

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