5 Best Life Insurance Plans with Maximum Coverage

Age

• Entry Age: 18 to 65 Yrs, Maturity Age: 79 to 100 Yrs

Rider Addons

• SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD).

Policy Tenure

• 5 to 100 Years

Additional Benefits

• Terminal Illness Benefit
• Death Benefit
• Choice of 3 Plan Options – Level Cover, Increasing Cover & Level Cover with Future Proofing Benefit to suit your Protection needs
• Options to customize the plan to meet your requirements,Death Benefit Payment Mode and Better Half Benefit Option
• Life cover upto 100 years (Whole life) or 79 years (other than Whole Life)
• Terminal Illness Benefit available under all Plan options
• Option to Pay premium – Only once or for limited period or entire policy term
• Additional coverage through optional Rider

Age

• Minimum: 18 years | Max: 65 years, Maturity age – Max: 70 years

Rider Addons

• Kotak Critical Illness Plus Benefit
• Kotak Permanent Disability Benefit
• Kotak Accidental Death Benefit Rider

Tax Benefits

• Tax benefits are subject to conditions specified as per Income-tax Act, 1961

Policy Tenure

• 5 to 30 years

Death Benefits

• Lump sum benefit paid upon accidental death.

Additional Benefits

• Enhanced protection further with optional riders. • Kotak Critical Illness Plus Benefit Rider (CIP): The Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, subject to terms and conditions. • Kotak Accidental Death Benefit Rider (ADB): Lump sum benefit paid upon accidental death. • Kotak Permanent Disability Benefit Rider (PDB): Payout in installments upon admission on becoming disabled due to accident
• Plan Conversion Option
• Flexible Premium Payment Options
• Nominal Cost Insurance Plan

Death Benefits

• Sum Assured on Death (defined as Death Benefit multiple X Annualized Premium)
• 2.105% of the Total premiums paid up to the date of death
• Death Benefit Factor X Maturity Sum Assured X {number of months for which premiums are paid up to date of death / (12 X Premium Payment Term)}

Additional Benefits

• Life Cover3 for financial security of your family.
• Flexibility of selecting duration of Guaranteed Income1 as per your needs.
• Option to receive Guaranteed income1 that either stays level throughout the income duration or increases every year
• Percentage of MoneyBack Benefit2 i.e. sum of total annualized premiums paid: It can be any number from 0% to 100%.
• When you want to receive MoneyBack Benefit2: It can be paid at the maturity date or at the end of any policy year within the income period
• Option to enhance your Guaranteed Income1 amount with Low Cover Income Booster
• Option to receive income on date of your choice through Save the Date6 option
• Option to withdraw future benefits in advance5 by converting into a lump sum
• Tax benefits^ may be applicable on premiums paid and benefits received as per the prevailing tax laws
• Minimum Sum Assured on Death: ₹ 3,50,000

Age

• Enrty Age 18 - 84 Years, Maturity Age 65 - 85 Years

Death Benefits

• “Death Benefit” is payable as a lump sum to your Nominee if you, the Life Assured die during the policy term. It is the highest of Sum Assured on Death and 105% of Total Premiums Paid

Maturity & Survival Benefits

• On survival until Maturity, Sum Assured on Maturity will be payable. Sum Assured on Maturity will be equal to the Total Premiums Paid if ROP benefit is selected, Nil otherwise

Additional Benefits

• Death Benefit
• Maturity Benefit
• Flexibility to choose from multiple coverage options
• Life stage option to increase your cover on marriage or child birth
• Comprehensive protection as per your needs
• Available under Life and Life Plus plan options, upon payment of additional Premium(s)
• Additional amount payable in case of accidental death during policy term
• Provides acceleration of death benefit on diagnosis of specified terminal illness, till age 80 years.
• Get back all premiums paid on survival till maturity with Return of Premium option

Age

• Entry Age: 18 - 65 yrs, Maturity Age: 28 - 75 yrs

Tax Benefits

• Get tax benefits under 80C of the Income Tax Act, 1961

Policy Tenure

• 10 to 20 Years

Additional Benefits

• Tax benefits
• Conveniently pay your premiums or renew your policy through multiple modes -- credit card, internet banking, cheque, auto debit facility
• Survival period benefit
• In addition to the benefit under the Gold Option, you will receive monthly income of 1% of applicable Sum Insured for five years on diagnosis of major cancer
• In addition to the benefit under Silver Option, you will receive an Increased Benefit,Under Increased Benefit, your Sum Insured increases by 10% of initial Sum Insured per year starting from the first policy anniversary,The increase will continue till your Sum Insured reaches 200% of initial Sum Insured or you make a claim
• Receive 25% of Sum Insured on diagnosis of early stage cancer or carcinoma-in-situ (CIS),Receive 100% less early stage claims if any on diagnosis of major cancer