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Kotak Sampoorn Bima Micro-Insurance Plan

Non-Participating Non-Linked Life Insurance Individual Savings Product

Fulfill your dreams, no matter what

Kotak Sampoorn Bima Micro Insurance Plan is a single premium plan with fixed term of 5 years meant for catering to the needs of low income customers. With a small premium to be paid once, this plan provides a fixed maturity benefit depending on the Life Insured’s age at entry. In the unfortunate event of death of Life Insured during the policy term, Sum Assured on Death will be paid to the nominee to meet the immediate requirements.

Key Features

  • Single Premium

    Single Premium

    Pay a single premium payment of justRs. 200/-

  • Guaranteed Payout

    Guaranteed Payout

    Get guaranteed payout on maturity of policy and death of life insured.

  • Easy buying

    Easy buying

    The policy requires no medical tests.

Eligibility

  • Eligibility

    Age Criteria

    • Minimum: 18 years | Maximum: 55 years
    • Maturity age: 60 years
  • Eligibility

    Policy

    • Policy Term: 5 years (fixed)
  • Eligibility

    Premium (fixed)

    • Rs.₹200 | ₹500 | ₹1,000
  • Eligibility

    Premium Payment Details

    • Premium Payment Option: Single

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Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

Tax benefit is applicable as per the Income tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

As per current Goods and Services Tax and Cess laws, Micro Life Insurance plans with maximum Sum Assured up to ₹2,00,000 are exempted from goods & services tax. This may change as per Govt. rules from time to time.

Kotak Sampoorn Bima Micro-Insurance Plan UIN: 107N092V03. This is a non-participating non-linked life insurance individual savings product. This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

Kotak Mahindra Life Insurance Company Ltd. Reg No. 107 CIN : U66030MH2000PLC128503 Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400051 Toll Free: 1800 209 8800 | Website: www.kotaklife.com | WhatsApp: 9321003007 | Ref. No. : KLI/24-25/E-WEB/1641

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

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