Kotak Life

Kotak Life Sampoorn Bima Micro Insurance

Kotak Sampoorn Bima Micro Insurance Plan is a solitary expense plan with fixed term of 5 years implied for obliging the requirements of low pay clients. With a little premium to be paid once, this arrangement will give a fixed development advantage contingent upon the Life Insured's age at section and in the appalling occasion of death of Life Insured during the approach term ' 5,000 will be paid out to the candidate to meet the prompt prerequisites.
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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 Sampoorn Bima Micro Insurance Overview

  • Key Benefits
  • Eligibility

Key Benefits of Kotak Sampoorn Bima Micro Insurance

  • Single Premium: Pay a single premium payment of justRs. 200/-
  • Guaranteed Payout: Get guaranteed payout on maturity of policy and death of life insured.
  • Easy buying: The policy requires no medical tests.
  • Death Benefit: In the unfortunate event of death of the Life Insured during the policy term, ` 5000 will be payable to the beneficiary

Eligibility Criteria of Kotak Sampoorn Bima Micro Insurance

Parameters Criteria for eligibility
Minimum: 18 years
Maximum: 55 years
Maturity age: 60 years
Policy Term: 5 years (fixed)
Premium: Rs. 200/- (fixed)
Premium Payment Option: Single

Brochure

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Policy wordings

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