Kotak Saral Jeevan vs Young Term Plan Term Insurance Plan 2026 | PolicyX

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Kotak Saral Jeevan Bima is a basic term insurance 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.

Kotak Saral Jeevan Bima Plan offers you a range of benefits including:

  • Lower Premium for Females
  • Multiple Premium Payment Term
  • Instant Issuance
  • Tax Benefits As Per Laws
  • Life Cover Up To 70 Years
  • Death Benefit
PLAN DETAILS

Kotak Saral Jeevan

Young Term Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Death Benefit
  • Affordable Plan
  • Flexible-Premium Payment Modes
  • Life Stage Benefit
  • Special Exit Value
  • Child Care Benefit
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 99 years
Plan Sum Assured Basic Sum Assured: ₹5L to ₹25L Basic Sum Assured: Rs. 25 Lakhs to no limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 45 years
Plan Payment modes Single, Yearly, Half-Yearly, and Monthly Yearly, half-yearly, quarterly & monthly
Plan Policy loan The policy loan is not available under Kotak Saral Jeevan Bima. The policy loan is not available under Young Term Plan.
Plan Sample Premium Rs 622-/ per month Rs 502-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum term - 10 years Maximum term - 81 years
Claim Settlement Ratio (2024-25) 98.61% 99.43%
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Riders

Riders Associated with Kotak Sararl Jeevan Bima Plan

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

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.

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