Kotak Sampoorn Bima Micro-Insurance Plan

Kotak Sampoorn Bima Micro Insurance Plan is a single premium plan with fixed term of 5 years meant for catering to the needs of low income customers.

Key Features

  • Single Premium of Rs.200
  • Guaranteed payout on maturity and death
  • No medical tests are 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, Rs.5000 will be payable to the beneficiary.
  • Maturity Benefit:
Up on survival till the end of the policy term, the life insured will get the maturity benefit depends on the policy term

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 55 years
MATURITY AGE - 60 years
POLICY TERM (Fixed) 5 years
PREMIUM (fixed) Rs.200
PREMIUM PAYMENT TERM One time
PAYMENT MODE Single

What if?

I am unable to pay premium

This policy is a Single time payment.

I want to take a loan

No such option is available under this policy