Kotak Fortune Maximiser

A Participating Non-Linked Life Insurance Individual Savings Product

When it is about your dreams and aspirations, there shouldn’t be any compromise. To realize your dreams, you ensure your money is invested in a disciplined manner which gives higher return towards building a corpus to meet your important milestones.

Kotak Fortune Maximiser is A Participating Non-Linked Life Insurance Individual Savings Product,which can be customized as per your requirement to help you achieve your life goals through multiple plan, payout & rider options. Your dreams are important and deserves to be fulfilled, therefore, life mein sirf #BadaSocho.

How it works

  • insurence plan

    Mr. Verma 35-year-old, decides to invest in the plan. He chooses Life Goal Maximiser and Bonus Option as Paid-Up Addition.

  • insurence plan

    He pays premium of Rs. 1,00,000^ p.a. for 12 years with policy term of 50 years. The Sum Assured is Rs. 11,09,647.

  • insurence plan

    From the end of the first policy year, Paid-Up Addition gets accumulated till end of the Policy Term.

  • insurence plan

    He also has an option to withdraw Cash Value of accrued Paid-Up Additions during the policy term to meet his important life goals. ​

  • insurence plan

    On maturity, Mr. Verma will receive @8%# Rs.15,705,408 & @4%# Rs. 3,315,126.

  • insurence plan

    In case of death, his nominee will receive the death benefit as per the policy condition.

Key Features

  • Multiple Plan Options

    Multiple Plan Options

    Flexibility to choose from 3 Plan Options to fulfil your goal: - Life Goal Maximiser - Bright Future Maximiser - Golden Years Maximiser

  • Multiple Bonus Payout Options

    Multiple Bonus Payout Options

    Flexibility to choose from 3 Bonus Payout Options as per your convenience: - Cash Bonus (Immediate Payout) - Cash Bonus (Deferred Payout)* - Paid-Up Additions

  • Long Life Cover

    Long Life Cover

    Secure your life & provide financial protection to your loved ones till 85 years.

  • Multiple Riders

    Multiple Riders

    Comprehensive coverage for yourself & loved ones through 6 Riders.

  • Enhanced Sum Assured for Female Life

    Enhanced Sum Assured for Female Life

    Avail High Sum Assured with the same premium for Female Life.

  • Spouse Cover

    Spouse Cover

    Flexibility to secure your spouse’s life under the same plan.

Eligibility

  • Eligibility
    Entry Age of Life Insured (as on last birthday) Min: 0 years (90 days)
    In case Spouse Cover is availed:
    Min: 18 years (Primary Life Insured & Spouse)    		 Max: 50 years – 6 & 15 pay
    55 years – 8 / 10 & 12 pay
    In case Spouse Cover is availed:
    Max: 60 years (Spouse)
    Maturity Age of Life Insured (as on last birthday) 85 years for Primary Life Insured
    In case Spouse Cover is availed: 85 years or Age at Maturity whichever is lower (for Spouse).
  • Eligibility

    Policy Term

    85 years less Entry Age of Life Insured (Primary Life Insured in case Spouse Cover option is chosen)

  • Eligibility

    Basic Sum Assured

    Basic Sum Assured shall depend upon the Age, Gender, Policy Term, Premium Payment Term, Premium Amount & Bonus Payout Options chosen.

    Basic Sum Assured is the Guaranteed Maturity Benefit to be payable on death or maturity.

    Sum Assured on Death for Spouse shall be 50% - 100% of the Basic Sum Assured applicable for Primary Life Insured.

  • Eligibility

    Premium Levels (Annual)

    Min: 6 & 8 Pay: Rs. 48,000 | 10 /12 & 15 Pay: Rs. 36,000

    Max: No Limits, subject to Board Approved Underwriting Policy

    Premium Payment Term

    6 /8 / 10 / 12 & 15 years

    Premium Payment Mode

    Yearly, Half yearly, Quarterly and Monthly

    Premium Modal Factor

    Premium Modal Factor Yearly – 100% | Half yearly – 51% | Quarterly – 26% | Monthly – 8.8%

Additional Protection with Optional Riders

  • Additional Protection with Optional Riders

    Kotak Term Benefit Rider

    Allows additional death cover on the life of Primary Life Insured over and above the base plan’s Death Benefit.

  • Additional Protection with Optional Riders

    Kotak Accidental Death Benefit Rider

    Lump sum benefit paid on accidental death of the Primary Life Insured in addition to Death Benefit under the base plan.

  • Additional Protection with Optional Riders

    Kotak Permanent Disability Benefit Rider

    Instalments paid on admission of a claim on Primary Life Insured becoming disabled due to accident.

  • Additional Protection with Optional Riders

    Kotak Life Guardian Benefit Rider

    On death of Policyholder, future premiums of the plan will get waived off and the base plan will continue as it is without any change in the plan benefits.

  • Additional Protection with Optional Riders

    Kotak Accidental Disability Guardian Benefit Rider

    On accidental disability of Policyholder, future premiums of the plan will get waived off and the base plan will continue as it is without any change in the plan benefits.

  • Additional Protection with Optional Riders

    Kotak Critical Illness Plus Benefit Rider

    Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, with respect to Primary Life Insured, subject to terms and conditions, definitions and specific exclusions.

Downloads

Read about Tax benefits & Plan Disclaimer

Tax Benefit

You may avail of tax benefits as specified under the Income Tax Act, 1961. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

Kotak Fortune Maximiser UIN: 107N125V03, Kotak Term Benefit Rider, UIN: 107B003V03,Kotak Accidental Death Benefit Rider, UIN: 107B001V04, Kotak Permanent Disability Benefit Rider, UIN: 107B002V03 Kotak Life Guardian Benefit, UIN: 107B012V02,Kotak Accidental Disability Guardian Benefit, UIN: 107B011V02, Kotak Critical Illness Plus Benefit Rider - 107B020V02

This is Participating Non-Linked Life Insurance Individual Savings Product. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure.

The above illustration is an extract of a separate, more detailed benefit illustration. For details, please refer to the Benefit Illustration. ^The premium figure is exclusive of Goods and Services Tax and Cess, as applicable. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. #The assumed non-guaranteed rates of return chosen in the illustration are 4% p.a. and 8% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience may be different from the illustrated. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time. The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn’t construe any indication of future bonuses. These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 8th Floor, Plot # C- 12, G- Block, BKC, Bandra (E), Mumbai - 400 051. Website: www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No. – 1800 209 8800 | Ref. No.: KLI/24-25/E-WEB/695

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd under license.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.