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A Non-Participating Non-Linked Life Insurance Individual Pure Risk Product
Your well-being provides comfort, happiness and security to your family and you would want your family’s future to be secured at all times. Your presence provides them with an envelope of security at all times. Should your absence mean anything less? Presenting Kotak Saral Jeevan Bima – a pure risk cover plan that provides protection to your loved ones.
Pure risk cover plan that pays lump sum in case of the life assured’s demise.
Coverage available till age 70 years of age (Except for POSPs/CPSC Channel where coverage is till 65 Years)
You get to choose how you want to pay your premiums – Regular /Limited /Single Pay as per your convenience
The plan further provides preferential rates for female lives
Age Criteria
Entry age (as on last birthday) – Minimum: 18 years | Max: 65 years^
Maturity age (as on last birthday) – Minimum: 23 years | Max: 70 years^
| Premium Payment Option | Minimum Policy Term(Years) | Maximum Policy Term(Years) |
| Regular pay | 5 | 40 |
| Single Pay | 5 | |
| 5 Year Limited Pay | 6 | |
| 10 Year Limited Pay | 11 |
| Premium Payment Option | Minimum PPT (years) | Maximum PPT (years) |
| Regular Pay | 5 | 40 |
| Single Pay | 1 | 1 |
| 5 year Limited Pay | 5 | 5 |
| 10 year Limited Pay | 10 | 10 |
Premium Payment Option
Regular, Limited and Single Pay
Premium Payment Mode
Single, Yearly, Half-Yearly, and Monthly*
Premium
Premium shall vary based on the Age & Gender of the Life Insured along with PolicyTerm, Premium Payment Term and the Basic Sum Assured opted under the policy.
Minimum Premium:
Minimum Annual Premiums (offline channel) with respect to Premium Payment Option for
healthy lives are as mentioned in the table below:
| Premium Payment Option | Basic Sum Assured | Minimum Annual Premium |
| Regular Pay | ₹5,00,000 | ₹ 2,225 |
| Single Pay | ₹5,00,000 | ₹ 6,835 |
| 5 year Limited Pay | ₹5,00,000 | ₹ 2,515 |
| 10 year Limited Pay | ₹5,00,000 | ₹ 2,153 |
Maximum Premium
| Premium Payment Option | Basic Sum Assured | Maximum Annual Premium |
| Regular Pay | ₹25,00,000 | ₹ 96,550 |
| 5 year Limited Pay | ₹25,00,000 | ₹ 1,38,300 |
| 10 year Limited Pay | ₹25,00,000 | ₹ 75,500 |
| Single Pay | ₹25,00,000 | ₹ 4,89,100 |
Maximum premium shall be subject to Board Approved Underwriting Policy
Basic Sum Assured
Minimum: ₹ 5,00,000
Max: ₹ 25,00,000
Basic Sum Assured would be allowed only in the multiple of ₹50,000
*Applicable under ECS / NACH only
^For Point of Sale Channel the Maximum Age at entry is 60 years and Maximum Maturity Age is 65 years.
Tax Benefits & Disclaimers
Tax benefits are subject to conditions specified as per 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.
Terms & Conditions:
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.
Kotak Saral Jeevan Bima -UIN: 107N120V01. This is a Non-Participating Non-Linked Life Insurance Individual Pure Risk Product For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
Regd. Office:
Kotak Mahindra Life Insurance Company Ltd.; Reg No. 107; CIN : U66030MH2000PLC128503; 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | WhatsApp: 9321003007 | Toll Free: 1800 209 8800 Website:www.kotaklife.com | Ref. No.: KLI/24-25/E-WEB/1397
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
You may avail of tax benefits as per the Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.
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