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 the 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 fulfill 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

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 up to 25 years for your short term and long term goals
Guaranteed^@ lump sum benefit with flexible liquidity option
In-built Value Added Services for wellbeing of your health
Premium Break for Female Lives

How does the plan work?

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

Assured Wealth:

Eligibility

Gender

Male, Female & Transgender

Entry Age

(as on last birthday)

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

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

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

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

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 through Riders:

Increase the protection level under the plan by choosing from 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.
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.

Disclaimer

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.

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.

^@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.

This website content only gives the salient features of the plan.

Kotak Mahindra Bank Ltd. is a corporate agent of Kotak Mahindra Life Insurance Company Limited with Corporate Agency License No: CA0250. Regd. Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051. The plan is offered and underwritten by Kotak Mahindra Life Insurance Company Limited.

Participation by Kotak Mahindra Bank Ltd.’s customers to buy insurance policy is purely voluntary and there is no direct or indirect linkage between the provision of banking services offered by Kotak Mahindra Bank Ltd. to its customers and products/services offered by Kotak Mahindra Life Insurance Company Ltd. Insurance products/services are obligations of Kotak Mahindra Life Insurance Company Ltd and are not guaranteed by Kotak Mahindra Bank Ltd. Kotak Mahindra Life Insurance Company Ltd. shall be liable or responsible for all matters arising out of or pertaining to the insurance products/ services offered by it.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.:107, CIN: U66030MH2000PLC128503, Regd. Office: 8^th 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/333.

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