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A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Fortune Builder
A plan that offers guaranteed income for your future goals.
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A Non-Participating Non-Linked Life Insurance Individual Savings Product
Take confident steps towards your financial goals. Life insurance policies are more than just modes of protection. They can also play an active role in helping you reach your financial goals. Kotak Assured Savings Plan enables you to accumulate wealth and strengthens your finances for the future. It not only offers you affordable protection but also helps accumulate enough wealth to help achieve your financial goals through guaranteed@ benefits.
Mr. Shetty 35-year-old family man who buys Kotak Assured Savings Plan, he chooses a premium payment term of 10 years for a policy term of 15 years. He pays an annual premium of Rs. 1,00,000*
He determines the Basic Sum Assured as per Premium, Policy Term, Premium Payment Term and his age.
Premium payment term expires and the policy continues till maturity.
At maturity, Mr. Shetty receives Guaranteed@ Maturity Benefit of Rs. 16,39,661 which is Sum of Basic Sum Assured of Rs. 9,08,051 + Accrued Guaranteed@ Yearly Additions of Rs. 5,50,000 + Guaranteed@ Loyalty Addition of Rs. 1,81,610
Mr. Shetty nominates his wife. In case of an unfortunate event of Mr. Shetty’s death during the term of the plan, she would receive death benefit higher of (a) or (b) :
a) Basic Death Benefit, Plus Guaranteed Yearly Additions accrued as on the date of death.
b) 105% of all premium paid (excluding extra premium, if any) till the date of death.
* The above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.
Get Basic Sum Assured PLUS Accrued Guaranteed@ Yearly Additions PLUS Guaranteed@ Loyalty Addition
Enjoy Guaranteed@ Yearly Additions added every time you pay the premium - payable at maturity or death, whichever is earlier.
Get increased Guaranteed@ Yearly Additions and Guaranteed@ Loyalty Addition with increase in Premium Payment Term (PPT)
Through high premium benefit leading to higher Basic Sum Assured
Through a wide range of Riders
Note: Riders shall not be available for policies purchased through POS distribution channel.
as per applicable tax laws
| Eligibility | For All Channels (except POS) | For POS Channel |
|---|---|---|
| Entry Age (as on last birthday) | Min : 3 Year Max: 60 Years |
Min : 3 Years Max: 65 Years less Policy Term |
| Maturity Age (as on last birthday) | Min : 18 Years Max: 75 Years |
Min : 18 Years Max: 65 Years |
| Policy Term & Premium Payment Term (PPT) |
| |||||||||||
Determined on the basis of minimum premium amount, entry age, policy term and PPT
Example: For Rs. 20,000 annual premium, following shall be the Basic Sum Assured for entry ages 3 & 50 years:
| Minimum Basic Sum Assured | |||
| Age | Policy Term | Premium Payment Term | Basic Sum Assured (Rs.) |
| 3 years | 15 years | 5 years | 1,45,758 |
| 3 years | 20 years | 10 years | 2,72,660 |
| 50 years | 15 years | 10 years | 1,59,222 |
Basic Sum Assured is calculated considering channel as Individual Agents
For details, please refer to the premium calculator on the website.
| Eligibility | For All Channels (except POS) | For POS Channel |
|---|---|---|
| Maximum Basic Sum Assured | Determined on the basis of minimum premium amount, entry age, policy term and PPT subject to UW Rules | Rs. 25,00,000 |
| Eligibility | For All Channels (except POS) | For POS Channel |
|---|---|---|
| Annualized Premium | Min: Rs. 20,000 Max: No limit, subject to underwriting | Min: Rs. 20,000 Max: Rs. 1,50,000 |
| Premium Payment Mode | Yearly, Half-yearly, Quarterly, Monthly | |
|---|---|---|
| Premium Payment Option | Limited only | |
|---|---|---|
| Premium Modal Factor (% of annualized premium) | Yearly - 100% , Half yearly - 51% , Quarterly - 26% , Monthly - 8.8% | |
|---|---|---|
In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.
DownloadIn case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.
DownloadIn case of life insured being permanently disabled due to accident, benefit is paid in instalments.
DownloadIn case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.
DownloadIn case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.
DownloadRider Sum Assured shall be paid in part or whole, in case the Life Insured is diagnosed with any of the 37 Critical Illnesses (subject to terms and conditions)
DownloadDownload the brochure to know more about the plan and how it can benefit you.
Note: Riders shall not be available for policies purchased through POS distribution channel.
Tax Benefits & Disclaimers
Tax benefits are subject to conditions specified as per Income-Tax Act, 1961. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.
Terms & Conditions
Kotak Assured Savings Plan UIN: 107N081V07. Kotak Term Benefit Rider – UIN: 107B003V03 Kotak Accidental Death Benefit Rider UIN: 107B001V04, Kotak Permanent Disability Benefit Rider UIN: 107B002V03, Kotak Life Guardian Benefit Rider – UIN: 107B012V02, Kotak Accidental Disability Guardian Benefit Rider – UIN: 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN: 107B020V02. This is a non-participating non-linked life insurance individual savings product. This is a saving cum protection oriented 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. This product is available for sale through online mode. POS variant of this product will be available without medical examination of Life Insured. @Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force. Ref. No.: KLI/24-25/E-WEB/701
Regd. Office:
Kotak Mahindra Life Insurance Company Ltd.
No. 107
CIN : U66030MH2000PLC128503
8th Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800
Website: www.kotaklife.com
WhatsApp: 9321003007
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.
Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.
A Non-Linked Non-Participating Life Insurance plan
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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.
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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.
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A Limited Pay Non-Linked Participating Life Insurance plan. You earn and work hard to accomplish your dreams and aspirations at every stage of life.
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You may avail of tax as per the Income Tax Act, 1961 subject to conditions as specified in those sections. 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.
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Customer Care: 022-45811311
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