Kotak Life

Kotak Life Saral Jeevan Bima Insurance

Your prosperity gives solace, satisfaction, and security to your family and you would need your family's future to be gotten by any means times. Your essence gives them an envelope of safety by any means times. Should your nonappearance mean anything less? Introducing Kotak Saral Jeevan Bima - an unadulterated danger cover plan that gives assurance to your friends and family.
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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 Life Saral Jeevan Bima Plan Overview

  • Key Features
  • Eligibility

Key Benefits of Kotak Life Saral Jeevan Bima Plan

  • Hassle free life insurance cover
  • Long Term coverage of up to 70 years^ of age (Except for POSPs/CPSC Channel where coverage is till 65 Years)
  • Special Rates for female lives

Eligibility Criteria of Kotak Life Saral Jeevan Bima Plan

Parameters Criteria for eligibility
Minimum age at entry Minimum: 18 years
Maximum age at entry Maximum: 65 years
Minimum age at maturity Minimum 23 years
Maximum age at maturity Maximum: 70 years

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