Kotak Gramin Bima Yojana

This plan provides you benefits on the maturity of the plan along with protection against uncertainties. The ease of paying just one-time premium – Single Pay makes the plan all the more convenient. This product will cater to the needs of rural and social sector customers.

Key Features

  • Convenience of onetime payment - Single Premium
  • Guaranteed payout on maturity or death
  • No medical tests required

Benefits

  • Tax Benefits:
Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the 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.
  • Death Benefit
In the unfortunate event of death of the Life Insured during the policy term, Sum Assured on Death equal to 500% of Single Premium will be payable to the beneficiary
  • Maturity dress:
At the end of the policy term you will receive the Sum Assured on Maturity which is equal to 200% of Single Premium paid

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 45 years
MATURITY AGE - 60 years
POLICY TERM 15 years(fixed)
SUM ASSURED ON DEATH Rs.7500 Rs.100 000
SUM ASSURED ON MATURITY Rs.3000 Rs.40000
PAYMENT MODE Single

What if?

I am unable to pay the premium

This is Single time payment.

I want to take a loan

No such option is available under this policy