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.