Kotak Life Insurance Plan - Life Insurance Policies in India

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    Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

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    Kotak Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.

  • Kotak E-Invest Plan

    Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.

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    Kotak Lifetime Income Plan

    Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!


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Kotak Saral Jeevan Bima

A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan

Your well-being provides comfort, happiness and security to your family and you would want your family’s future to be secured at all times. Your presence provides them with an envelope of security at all times. Should your absence mean anything less? Presenting Kotak Saral Jeevan Bima – a pure risk cover plan that provides protection to your loved ones.

Key features

  • Hassle free life insurance cover

    Pure risk cover plan that pays lump sum in case of the life assured’s demise.

  • Long term coverage

    Coverage available till age 70 years of age (Except for POSPs/CPSC Channel where coverage is till 65 Years)

  • Choice of Premium Payment Term

    You get to choose how you want to pay your premiums – Regular /Limited /Single Pay as per your convenience

  • Special premium rates for female

    The plan further provides preferential rates for female lives


  • Age Criteria
    Entry age (as on last birthday) – Minimum: 18 years | Max: 65 years^
    Maturity age (as on last birthday) – Minimum: 23 years | Max: 70 years^

  • Premium Payment Option Minimum Policy Term(Years) Maximum Policy Term(Years)
    regular pay 5 40
    Single Pay 5
    5 Year Limited Pay 6
    10 Year Limited Pay 11
  • Premium Payment Term Minimum PPT (years) Maximum PPT (years)
    Regular Pay 5 40
    5 year Limited Pay 5 5
    Single Pay 1 1
    10 year Limited Pay 10 10
  • Premium Payment Option

    Regular, Limited and Single Pay

  • Premium Payment Mode

    Single, Yearly, Half-Yearly, and Monthly*

  • Premium

    Premium shall vary based on the Age & Gender of the Life Insured along with PolicyTerm, Premium Payment Term and the Basic Sum Assured opted under the policy.

    Minimum Premium:

    Minimum Annual Premiums (offline channel) with respect to Premium Payment Option for
    healthy lives are as mentioned in the table below:

    Premium Payment Option Basic Sum Assured Minimum Annual Premium
    Regular Pay ₹5,00,000 ₹ 2,225
    Single Pay ₹5,00,000 ₹ 6,835
    5 year Limited Pay ₹5,00,000 ₹ 2,515
    10 year Limited Pay ₹5,00,000 ₹ 2,153

    Maximum Premium

    Premium Payment Option Basic Sum Assured Maximum Annual Premium
    Regular Pay ₹25,00,000 ₹ 96,550
    5 year Limited Pay ₹25,00,000 ₹ 1,38,300
    10 year Limited Pay ₹25,00,000 ₹ 75,500
    Single Pay ₹25,00,000 ₹ 4,89,100

    Maximum premium shall be subject to Board Approved Underwriting Policy

  • Basic Sum Assured

    Minimum: ₹ 5,00,000

    Max: ₹ 25,00,000

    Basic Sum Assured would be allowed only in the multiple of ₹50,000

    *Applicable under ECS / NACH only

    ^For Point of Sale Channel the Maximum Age at entry is 60 years and Maximum Maturity Age is 65 years.

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Policy FAQs

Read about Tax benefits & Plan Disclaimer


Benefits & Disclaimers

Tax benefits are subject to conditions specified as
per 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. KLI/XXXXXXXXX.

& Conditions:

Kotak Saral Jeevan Bima - UIN: 107N120V01, Form No: N120. This is a non-linked
non-participating individual pure risk premium life insurance plan. For more details on risk factors, terms and conditions, please read
sales brochure carefully before concluding a sale. KLI/20-21/E-WEB/1106

Regd. Office:

Mahindra Life Insurance Company Ltd.; Reg No. 107; CIN : U66030MH2000PLC128503; 2nd
Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai – 400051 | Toll Free: 1800 209 8800 (8 am to 10 pm) | Website:
https://insurance.kotak.com | Email:


IRDAI is not involved in
activities like selling insurance policies, announcing bonus or investment of
premiums. Public receiving such phone calls are requested to lodge a police

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