Kotak Guaranteed Fortune Builder

A Non-Participating Non-Linked Life Insurance Individual Savings Product
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:

Assured Wealth :

Key Features

Guaranteed^@ Benefit with Long Term Income plan and Assured Wealth option to suit your varied needs
Life cover for financial security for your family
Option to avail Guaranteed^@Income upto 25 years for your short term and long term goals.
Guaranteed^@lump sum benefit with flexible liquidity option

Additional Benefits

∙ In-built Value Added Services for wellbeing of your health
∙ Premium Break for Female Lives

Eligibility

Gender : Male, Female & Transgender

Entry Age

(as on last birthday)

Plan Option	Applicable for all channels including POSP channel
Plan Option	Minimum*	Maximum
Long Term Income	1 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

*Age at maturity should be at least 18 years

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
Assured Wealth	18 years	For Limited Pay: 75 years For Single Pay: Option 1 – 75 years Option 2 – 55 years

Plan Option	Applicable for POSP channel
Plan Option	Minimum	Maximum
Long Term 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

Premium Payment Term (PPT)

Plan Option	Premium Payment Term
Long Term Income	5 years / 7 years / 10 years / 11 years / 12 years
Assured Wealth	Single Pay/ 5 years / 6 years / 7 years / 8 years /10 years

Deferment Period

Plan Option

Minimum Maximum

Long Term Income 1 years 5 years

Assured Wealth Not Applicable

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

Assured Wealth Not Applicable
Income Benefit Frequency

Yearly, Half-yearly, Quarterly, Monthly mode

Following factors will be used to calculate installment Guaranteed Income

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	17 years
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

For Long Term Income Policy Term will be always PPT + Deferment Period.

Premium Levels

Minimum: ₹. 30,000 p.a.

Maximum: No Limits, subject to underwriting acceptance

For POSP channel:

Minimum: ₹. 30,000 p.a.

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

For Assured Wealth Single Premium:

Option 1 – ₹.15,00,000

Option 2 – ₹.: 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

Increase the protection level under the plan by choosing from the wide range of 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.
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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.
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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.
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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.
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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.
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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 Life Insured, subject to terms and conditions, definitions and specific exclusions.
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Read about Tax benefits & Plan Disclaimer

Tax Benefits:

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.

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.

Kotak Guaranteed Fortune Builder UIN: 107N128V09. 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.

A Non-Participating Non-Linked Life Insurance Individual Savings Product. 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.

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/25-26/E-WEB/95.

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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