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Kotak Life

Kotak Life POS Bachat Bima Insurance

Kotak Life Insurance presents a simple savings and protection oriented plan, which provides all guaranteed benefits while giving life insurance cover - Kotak POS Bachat Bima. The plan provides options for life insurance coverage to suit your needs along with providing guaranteed benefits. The plan is not only simple to understand but also will be easy to purchase.
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Kotak Life insurance review

Kotak Life Insurance plans
Distribution - Number of branches pan India (March 2019)
244
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/40
Solvency Ratio (FY 2018-19) *
3.02
Number of Policies Sold (Ind+Group) *
316,150
Number of Lives Covered (Ind+Group) **
15,530,695
Claims Settlement Ratio (Ind+Group) ***
99.01%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Kotak POS Bachat Bima Insurance Overview

  • Key Advantages
  • Eligibility

Key Benefits of Kotak POS Bachat Bima Insurance

  • Plan options to choose from – Life & Life Plus
  • Double protection cover on accidental death with Life Plus option
  • Guaranteed Yearly Additions accruing throughout the policy term
  • Guaranteed Loyalty Addition payable on maturity
  • Limited premium payment terms of 8 & 10 years

Eligibility Criteria of Kotak POS Bachat Bima Insurance

Parameters Criteria for eligibility
Minimum age at entry Min: 12 years
Maximum age at entry Max: 45 years
Minimum age at maturity Min: 28 years
Maximum age at maturity Max: 65 years
Policy Term (Fixed) 16 years / 20 years

Brochure

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Policy wordings

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    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • 080-41101026
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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025