Buy a Life Insurance Plan in a few clicks
Now you can buy life insurance plan online.
Insurance and Investment in one plan.
Protect your family's financial future.
Kotak Guaranteed Fortune Builder
A plan that offers guaranteed income for your future goals.
A plan that works like a term plan, and Earns like ULIP Plan.
Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Assured Pension
A plan that offers immediate or deferred stream of income
Kotak Lifetime Income Plan
Retirement years are the golden years of life.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and life cover.
Our representative will get in touch with you at the earliest.
Ref. No. KLI/22-23/E-BB/492
Bima Sugam platform will offer simplified and easy-to-understand insurance plans primarily aimed at customers seeking straightforward coverage and premiums.
Insurance has long been a pivotal instrument for financial security and risk mitigation in a country as vast and diverse as India. Nevertheless, the complexity of insurance products has sometimes posed challenges for many citizens.
The Insurance Regulatory and Development Authority of India (IRDAI) will introduce the Bima Sugam scheme to tackle these issues and simplify insurance procedures. This innovative initiative has the potential to revolutionize the insurance horizon, making it more straightforward and more accessible for a wide range of policyholders.
Bima Sugam will be an online platform where you can select from various schemes provided by different companies, catering to all insurance needs- life, health, or general coverage.
It will offer various claims, from health coverage to death claims, in a paperless mode using policy numbers. The platform’s online process will identify, purchase, settle claims, and manage policy renewals
The Bima Sugam scheme will offer several advantages, making it an attractive option for various demographics:
The simplified structure and clear terms of Bima Sugam policies will enhance transparency. You will be able to easily understand what your coverage includes without the confusion of intricate clauses and jargons.
Bima Sugam by IRDAI will enhance inclusivity by serving individuals who struggle with the complexities of conventional insurance products, thereby making insurance more readily available to a broader demographic.
The streamlined nature of the Bima Sugam platform will make the purchase process simpler and quicker. This ease of acquisition will encourage more people to opt for insurance, promoting financial security for a more significant population segment.
Bima Sugam in insurance is a significant leap forward in the Indian insurance sector, aiming to make insurance more understandable and accessible for a broader demographic. Its simplified structure, transparent terms, and focused approach will bridge the gap between traditional insurance products and potential policyholders who find them challenging to navigate. This initiative represents a pivotal step toward ensuring that insurance is not only a tool for the financial security but also an understandable instrument that is within reach for all segments of society.
Ref. No. KLI/22-23/E-BB/2435