Kotak Saral Jeevan Bima

Overview

Kotak Saral Jeevan Bima is a basic term insurance plan designed to offer financial protection to your loved ones in case of your demise. This plan is introduced by the Government of India with an aim to provide insurance coverage even to individuals in lower-income groups. The plan offers long-term coverage for up to 70 years and has special rates for females. Learn more about the plan below.

Key Benefits of Kotak Saral Jeevan Bima Plan

• Lower Premium for Females
• Multiple Premium Payment Terms
• Instant Issuance
• Tax Benefits as per prevailing laws
• Life Cover up to 70 Years
• Death Benefit
• Easy Enrollment: The plan offers a simplified underwriting process for hassle-free enrollment.
• High Sum Assured: The plan offers a high sum assured of up to ₹25 Lakh, providing extensive coverage for financial needs in unforeseen situations.
• Flexible Premium Payment Options: Premiums can be paid annually, half-yearly, quarterly, or monthly.

Riders Associated with Kotak Saral Jeevan Bima Plan

You can add the following riders to your Kotak Life Saral Jeevan Bima plan:

Kotak Critical Illness Plus Benefit Rider

Get an extra payout if you are diagnosed with 37 covered critical illnesses.

Kotak Accidental Death Benefit Rider

In case of the policyholder's demise due to an accident, additional benefits are paid to their nominee, along with the basic plan cover.

Exclusions

• Death due to a pandemic is not covered.
• Death caused by adventure sports.
• Death due to consumption of drugs and alcohol.
• Death due to any pre-existing disease not disclosed at policy inception.
• If the policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits will be paid to the nominee.