Kotak Gramin Bima Yojana

Recommendations :No

Name of the policy :
Kotak Gramin Bima Yojana

A brief desciption :

Kotak Gramin Bima Yojana is a rural plan specially designed to suit the needs of rural population. However they can avail to larger cover by buying a simple term insurance plan.

Started date :27/2/2003
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :First 2 years= 100% of the premiums paid, and Third Year onwards= 500% of premiums paid
Returns expected :Less than Fixed Deposit
Entry age :18-45 Years
Surrender :The Surrender Value payable is as follows: From 2nd Year to 7th Year= 80% of premiums paid, 8th to 11th Year= 90% of premiums paid, 12th Year= 100% of premiums paid, 13th Year= 110%, 14th Year= 120% 15th Year= 135%
Minimum amount :Min-200 Max- 20,000

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Table of Contents

Table of Contents