Savings and Investment Plan (Kotak Fortune Maximiser)
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Kotak Fortune Maximiser

A Non-Linked, Participating Savings, Life Insurance Plan

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 limited pay participating endowment plan, 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

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

    Paid-Up Addition.

  • 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.

  • He also has an option to withdraw Cash Value of accrued Paid-Up Additions during the policy term to meet

    his important life goals

  • On maturity, Mr. Verma will receive @8%# Rs. 1,61,97,052 & @4%# Rs. 36,94,506.

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

Key Features

  • 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

    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

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

  • Spouse Cover:

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

  • Enhanced Sum Assured for Female Life:

    High Sum Assured with the same premium for Female Life.

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).
  • Policy Term

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

  • 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.

  • 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

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

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.

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  • 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.

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  • Kotak Permanent Disability Benefit Rider

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

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  • Kotak Life Guardian Benefit

    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.

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  • Kotak Accidental Disability Guardian Benefit

    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.

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  • 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.

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Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

Call our toll free number and our representative will help you buy the most suitable plan.

Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

Tax Benefit

You may avail of tax benefits under Section 80C and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

Terms & Conditions

Kotak Fortune Maximiser UIN: 107N125V01, Form No: N125. Kotak Term Benefit Rider, UIN: 107B003V03, Form No: B003; Kotak Accidental Death Benefit Rider, UIN: 107B001V03, Form No: B001; Kotak Permanent Disability Benefit Rider, UIN: 107B002V03, Form No: B002; Kotak Life Guardian Benefit, UIN: 107B012V02, Form No: B012; Kotak Accidental Disability Guardian Benefit, UIN: 107B011V02, Form No: B011, Kotak Critical Illness Plus Benefit Rider - 107B020V01, Form No.: B020.

This is a savings-cum-protection oriented participating endowment plan. 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 nonguaranteed 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.

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: https://www.kotaklife.com | WhatsApp: 9321003007 | Toll Free No. – 1800 209 8800 | Ref. No.: KLI/21-22/E-WEB/1215

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

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 complaint.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra LifeInsurance Company Ltd.

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