A special scheme for rural India available through Kotak Bank as Kotak Gramin Bima Yojana Plan which comes with Single premium mode & offers death and maturity benefits.
Eligibility Criteria for Kotak Bima Yojana Plan
Minimum entry age should be 18 years & maximum age 45 Years.
Maturity age 60 years
You can start with minimum annual premium of Rs 1500 & maximum of 20000/-
Minimum death assured are Rs 7500 and maximum Rs 1 Lakh
Maturity sum assured starts from minimum of Rs 3 thousand & maximum upto 40000/-
Premium Paying Terms are 15 years (fixed)
you can pay premium in single term only/-
It offers to Individuals only.
Tax Benefits – Income tax benefits available under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. Service tax shall be applicable over and above premium paid.
