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

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

Sanjay a 35-year-old male, has opted to pay premiums of Rs. 1,00,000 p.a. for 10 years, with deferment Period of 1 years, where his policy term will be of 11 years (premium payment term i.e. PPT of 10 year + deferment period of 1 year). He will receive his Income Benefit for the next 25 years annually.

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

Entry Age

(as on last birthday)

Plan Option	Applicable for all channels including POSP channel
Plan Option	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)

Maximum Maturity Age

(as on last birthday)

Plan Option	Applicable for all channels except POSP channel
Plan Option	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
Plan Option	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

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

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.

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

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%

Policy Term

Plan Option
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.

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
Premium Payment Mode

Yearly, Half yearly, Quarterly, Monthly
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

Kotak Term Benefit Rider:

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

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Send a "Hi" to 93210 03007, from your registered mobile number.

Get in touch with our Customer Care team

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Call on retail toll free number 1800 209 8800
Timings : 08:00 AM to 10:00 PM (Monday to Saturday) (excluding public holidays)

Call our toll free number and our representatives will assist you with all your queries.

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: 107N128V04 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/908

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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