Kotak Saral Jeevan Bima
  • Death Benefit
  • Affordable Plan
  • Flexible-Premium Payment Modes
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Kotak Saral Jeevan Bima

Kotak Saral Jeevan Bima is a pure protection plan that is designed to offer financial protection to your loved ones in case of your demise. This a plan that was introduced by the Government of India with an aim to provide insurance coverage even to the person who comes under a lower income group. The plan offers long-term coverage for up to 70 years and has special rates for females. Let us know more about the plan through this article.

Eligibility of Kotak Term Plan at a Glance

Criteria Minimum Maximum
Entry Age 18 Years 65 Years
Maturity Age 23 Years 70 Years
Premium Payment Option Regular, Limited, and Single Pay
Policy Term Regular Pay: 5 Years
Single Pay: 5 Years
5-Year Limited Pay: 6 Years
10 Years Limited Pay: 11 Years 		40 Years
Sum Assured 5 Lakh 25 Lakh
Premium Payment Mode Single, Yearly, Half -Yearly and Monthly

Features And Benefits of Kotak Saral Jeevan Bima

The plan offers decent benefits that are mentioned below:

  • Death Benefit In case of the unfortunate death of the policyholder, the plan will pay a lump sum amount to the beneficiary. The death benefit is calculated based on the highest of 105% of the Sum Assured.
  • Long Term Cover Saral Jeevan Bima pan offers long-term coverage of 70 years.
  • Discounts The plan offers a rebate in the premium rate for female policyholders in order to encourage the women to invest in the insurance plans.
  • Premium Payment Option The plan offers flexible premium payment options that can be paid annually, half-yearly, quarterly, or monthly.
  • High Sum Assured The plan offers a high sum assured of 25 Lakh, which means that the policyholder can get extensive coverage to fulfill their financial needs in unforeseen situations.
  • Tax Benefit If the person buys this they are eligible for the tax benefit under 80(C) of the Indian Tax Laws.

Terms and Conditions of Kotak Saral Jeevan Bima

There are a few benefits that are not covered in this policy which are mentioned below:

  • Maturity Benefit Kotak Saral Jeevan Bima doesn't provide any maturity benefits.
  • Surrender Benefit The plan doesn't provide any surrender benefits.
  • Rider Benefit The plan doesn't provide any rider benefits.
  • Policy Revival The policyholder can revive the policy within 5 years of the last unpaid premium.
  • Reduced Paid-Up Benefit The plan does not provide any reduced paid-up benefit.
  • Policy Loan The plan does not offer any policy loan benefit, which means that the policyholder will not be able to draw any loan based on this loan.
  • Suicide Clause The policy offers suicide benefits with a waiting period of 12 months.

Conclusion

Kotak Sararl Jeevan Bima is a life insurance plan that offers death benefits, flexible coverage options, and special rates for females. Policyholders can choose term and payment modes with no surrender value or policy loans. The plan proves itself as a true friend for the person who wishes to buy a term pan but doesn't have a big pocket to pay the premium.

Explore Kotak Life Insurance

Know more about Kotak Life Term Insurance plans, claim process, buying process, and contact details of the company by clicking on the sections below:

Claim Process

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Buying Process

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Contact Us

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Kotak Life Term Insurance Plans

To secure your family's needs, Kotak Life Insurance offers three-term insurance plans, uniquely designed to secure your family's future at every stage of life.

Kotak Term Plan

The Kotak Term Plan is a pure risk cover plan at affordable prices. . It comes with a plan conversion feature along with flexible premium payment options.

Unique Features

  • Convert to any other plan
  • Discounts for females
  • Tax Benefits

Kotak Term Plan (Pros)

  • Surrender Value
  • Critical Illness Benefit Rider
  • Max Sum Assured 25 L

Kotak Term Plan (Cons)

  • No Conversion in Last 5 Years
  • No Maturity Benefit
  • No Loan Benefit

Kotak Term Plan (Other Benefits)

  • Suicide Cover
  • Accidental Death Benefit Rider
  • Permanent Disability Benefit Rider

Kotak Term Plan (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 3 L
  • Maximum Maturity Age - 70 Years
  • Premium Payment Term - 5 To 30 Yrs

Kotak e-Term Plan

Kotak e-Term Plan is a Pure Protection Plan. It offers special premium rates to non-tobacco users and women and has multiple plan options with additional riders.

Unique Features

  • Multiple plan options available
  • Three payout options available
  • Increase or decrease life cover

Kotak e-Term Plan (Pros)

  • Permanent Disability Benefit Rider
  • Critical Illness Plus Benefit Rider
  • Special Rates for Non-Tobacco Users

Kotak e-Term Plan (Cons)

  • Strict Qualifications On Disability
  • Limited Coverage
  • No Policy Loan Allowed

Kotak e-Term Plan (Other Benefits)

  • Death Benefit
  • Additional Premium Discounts
  • Enhanced Accidental Death Coverage

Kotak e-Term Plan (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP/SP/LP

Kotak Saral Jeevan Bima

A Pure Risk Plan that offers financial security to your family and offers long-term coverage for 70 years with special premium rates for women.

Unique Features

  • Hassle-free life insurance cover
  • Coverage up to 70 years
  • Special rates for female lives

Saral Jeevan Bima (Pros)

  • Policy Term 5 to 40 Years
  • Choose To Pay Premium Once
  • Max Sum Assured 25 L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured -5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Kotak Saral Jeevan Bima: FAQs

1. How does the Kotak Sararl Jeevan Bima Policy Terminate?

The policy terminates when:

  • The death benefit has been paid.
  • The policy has passed the revival date.

2. What is the Grace Period of this plan

The plan offers a grace period of 15 days.

3. Are there any Rider Benefits offered by the plan?

No, Kotak Saral Jeevan Bima doesn't offer any rider benefits.

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Kotak Term Insurance Reviews

Read what our customers have to say about Kotak term insurance company

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Khushi Kaur

Chennai

March 28, 2024

I& 039;m writing this review to let you all know that I& 039;m very satisfied because I got my kotak mahindra life insurance policy today as a result of your team effort.

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Ishita singh

Belgaum

March 18, 2024

I had to change the details of my Kotak Mahindra life insurance, so I decided to contact Policyx.com. The customer support is very good. I have completed my changes without any hassle. I surely...

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Sunil Sharma

Jalandhar

February 16, 2024

Responsive and knowledgeable agents"-i recently has a question regarding my kotak mahindra life insurance policy, a advisor name koushik from policyx.com had patienly answered all my inqu...

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Vedant Patel

Chennai

October 5, 2023

Policyx.com s customer service is excellent, and Kotak Life Term Insurance Plans provides peace of mind for my family s health.

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Varun Malhotra

Gandhinagar

October 5, 2023

I m thankful to Policyx.com for their guidance in choosing Kotak Life Term Insurance Plans. They made it simple and convenient.

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Vanshika Khanna

Indore

October 5, 2023

Kotak Life Term Insurance Plans from Policyx.com has been a reliable choice for my health needs. Highly recommended.

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Ujjwal Sharma

Mumbai

October 5, 2023

Policyx.com s platform is easy to navigate, and I found the perfect Kotak Life Term Insurance Plans plan in minutes.

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Tarun Verma

Ludhiana

October 5, 2023

I appreciate Policyx.com for helping me find Kotak Life Term Insurance Plans, which offers comprehensive coverage.

Priya Singh

Written By: Priya Singh

Priya has been in the content writing industry for over 8 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.

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