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Kotak Guaranteed Fortune Builder

Invest in Kotak Guaranteed Fortune Builder

A Non-Participating, Non – Linked, Individual, Savings, Life Insurance Plan

In life, you hope to fulfill all your dreams and naturally try to plan things accordingly. But life never fails to surprise. In this fast-changing world, you need a sense of financial security or a second source of income to safeguard your financial plans even in unpredictable times and to protect your loved ones in case of any unexpected circumstances.

Well, we understand your need and the best way is to give you the assurance of fulfilling your financial goals and protecting them against the uncertainties.

Presenting Kotak Guaranteed Fortune Builder (KGFB) a Life Insurance Plan to safeguard your family’s future with an assurance to fulfil your goals. Further, you can also avail the plan option wherein you get the full premium amount returned. Thus, KGFB makes sure you always leap forward and can truly #BeUnstoppable

How it works

  • insurence plan

    Long Term Income Option A: Income with 100% Return of Total Premiums paid:

    howitworks.png

    The premium figures are 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.

Key Features

  • ∙ Guaranteed@ Benefit with multiple plan options to suit your varied needs: 1. Long Term Income 2. Early Income 3. Assured Wealth 4. Bright Future

  • ∙ Life cover for financial security for your family

  • ∙ Option to avail Guaranteed@Income for your short term and long term goals.

  • Guaranteed@ lump sum benefit with flexible liquidity option

  • Option to secure your child’s future with guaranteed@ payouts and in-built waiver of premium benefit

Additional Benefits

  • ∙ Flexibility to secure life cover for your spouse under the same plan

  • ∙ In-built Value Added Services for wellbeing of your health

  • Premium Break for Female Lives

Eligibility

  • Eligibility

    Entry Age

    (as on last birthday)

    Plan Option Applicable for all channels including POSP channel
    Minimum* Maximum
    Long Term Income 3 years 60 years
    Early Income 8 years 60 years
    Assured Wealth 0 years
    (90 days)
    For Limited Pay: 60 years
    For Single Pay:
    Option 1 - 60 years
    Option 2 - 40 years
    Bright Future 18 years 60 years

    *Age at maturity should

    be at least 18 years

    For Spouse cover:

    Minimum Entry Age: 18 years (for both lives)

    Maximum Entry Age: 60 years (for both lives)

  • Eligibility

    Maximum Maturity Age

    (as on last birthday)

    Plan Option Applicable for all channels except POSP channel
    Minimum* Maximum
    Long Term Income 18 years 75 years
    Early Income 18 years 70 years
    Assured Wealth 18 years For Limited Pay: 75 years
    For Single Pay:
    Option 1 - 75 years
    Option 2 - 55 years
    Bright Future 26 years 75 years

    Above Maximum Maturity Age is also applicable for Spouse cover

    Plan Option Applicable for POSP channel
    Minimum* Maximum
    Long Term Income 18 years 65 years
    Early Income 18 years 65 years
    Assured Wealth 18 years
    For Limited Pay: 65 years
    For Single Pay:
    Option 1 - 65 years
    Option 2 - 55 years
    Bright Future 26 years 65 years
  • Eligibility

    Premium Payment Term (PPT)

    Plan Option Premium Payment Term
    Long Term Income 5 years/7 years/ 10 years
    Early Income 7 years to 10 years
    Assured Wealth Single Pay/5 years / 6 years / 7 years / 8 years /10 years
    Bright Future 5 years to 10 years
  • Eligibility

    Deferment Period

    Plan Option
    Minimum* Maximum
    Long Term Income 1 years 5 years
    Early Income Not Applicable
    Assured Wealth Not Applicable
    Bright Future 3 years 8 years

    Deferment Period is the difference between the Policy Term and Premium Payment Term.

  • Eligibility

    Income Benefit Period

    Plan Option Income Benefit Period
    Long Term Income 15 years / 20 years / 25 years
    Early Income 7 years / 8 years / 9 years / 10 years
    Assured Wealth Not Applicable
    Bright Future 3 years / 4 years / 5 years / 6 years


  • Eligibility

    Income Benefit Frequency

    Yearly, Half-yearly, Quarterly, Monthly mode

    Following factors will be used to calculate installment Guaranteed Income/Milestone Payout:

    Yearly – 100%, Half yearly – 49.00%, Quarterly – 24.25%, Monthly– 8.00%

  • Eligibility

    Policy Term

    Plan Option
    Minimum* Maximum
    Long Term Income 6 years 15 years
    Early Income 7 years to 10 years
    (Same as Premium Payment Term)
    Assured Wealth For Single pay: 10 / 15 years
    For 5 pay: 10 / 15 years
    For 6 pay: 12 / 18 years
    For 7 pay: 14 / 20 years
    For 8 pay: 16 / 20 years
    For 10 pay: 15 / 20 years
    Bright Future 8 years 18 years


    For Long Term Income and Bright Future option, Policy Term will be always PPT + Deferment Period.

  • Eligibility

    Premium Levels

    Minimum: Rs. 30,000 p.a.

    Maximum: No Limits, subject to underwriting acceptance

    In case Spouse Cover option is chosen, separate premium will be charged with respect to life cover for the Spouse

    For POSP channel:

    Minimum: Rs. 30,000 p.a.

    Maximum: For all plan option (except for Assured Wealth Single Premium): Rs. 1,50,000 p.a.

    For Assured Wealth Single Premium
    Option 1 – Rs. 15,00,000

    Option 2 – Rs. 2,50,000

  • Eligibility

    Premium Payment Mode


    Yearly, Half yearly, Quarterly, Monthly

  • Eligibility

    Premium Modal Factor

    Following modal loadings will be used to calculate installment Premium:
    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 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 Life Insured in addition to Death Benefit under the base plan.

  • Additional Protection with Optional Riders

    Kotak Permanent Disability Benefit Rider:

    On permanent disability caused due to accident, 120% of Rider Sum assured will get paid out over a period of 5 years.

  • 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. This rider will not be available with Spouse Cover.

  • Additional Protection with Optional Riders

    Kotak Accidental Disability Guardian Benefit Rider

    On accidental disability of Policyholder / Life Insured, 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 Life Insured, subject to terms and conditions, definitions and specific exclusions.

Need help with life insurance?

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Get Answers to the commonly asked questions

Policy FAQs

Read about Tax benefits & Plan Disclaimer

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.

Kotak Guaranteed Fortune Builder UIN: 107N128V05 Form No: N128.

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.

An Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan. This is a saving and 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. @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/23-24/E-WEB/1536

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.

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

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