Kotak Fortune Maximiser

Name: Kotak Fortune Maximiser
Brand: Kotak Mahindra Life Insurance
Rating: 4.5 (140 reviews)

A Participating Non-Linked Life Insurance Individual Savings Product

When it is about your dreams and aspirations, there shouldn’t be any compromise. To realize your dreams, you ensure your money is invested in a disciplined manner through this savings plan that gives higher returns, helping you build a corpus to meet your important milestones.

Kotak Fortune Maximiser is a Participating Non-Linked Life Insurance Individual Savings Product 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.

Key Features

Multiple Plan Options: Flexibility to choose from 3 Plan Options to fulfil your goal:

- Life Goal Maximiser

- Bright Future Maximiser

- Golden Years Maximiser

Multiple Bonus Payout Options Flexibility to choose from 3 Bonus Payout Options as per your convenience:

- Cash Bonus (Immediate Payout)

- Cash Bonus (Deferred Payout)*

- Paid-Up Additions

Long Life Cover:

Secure your life & provide financial protection to your loved ones till 85 years.

Spouse Cover:

Flexibility to secure your spouse’s life under the same plan.

Multiple Riders:

Comprehensive coverage for yourself & loved ones through 6 Riders.

Enhanced Sum Assured for Female Life:

Avail High Sum Assured with the same premium for Female Life.

^*Cash Bonus (Deferred Payout) is not applicable for Bright Future Maximiser and Golden Years Maximiser

Eligibility

Entry Age of Life Insured (as on last birthday)
Maturity Age of Life Insured (as on last birthday)
Policy Term
Basic Sum Assured
Premium Levels (Annual)
Premium Payment Term
Premium Payment Mode
Premium Modal Factor

Minimum: 0 years (90 days)	Maximum:50 years – 6 & 15 pay 55 years – 8 / 10 & 12 pay

85 years for Primary Life Insured

85 years less Entry Age of Life Insured

Basic Sum Assured shall depend upon the Age, Gender, Policy Term, Premium Payment Term, Premium Amount & Bonus Payout Options chosen.

Basic Sum Assured is the Guaranteed Maturity Benefit to be payable on death or maturity

Minimum:	Maximum:
6 & 8 Pay: ₹48,000	No Limits, subject to Boardto Board Approved Underwriting Policy
	10 /12 & 15 Pay: ₹36,000

6 /8 / 10 / 12 & 15 years

Yearly, Half yearly, Quarterly and Monthly

Yearly – 100% | Half yearly – 51% | Quarterly – 26% | Monthly – 8.8%

Eligibility Criteria	All Channels (except POS)	POS Channel
Entry Age (as on last birthday)	Minimum: 3 years Maximum: 60 years	Minimum: 3 years Maximum: 65 years less Policy Term

Maturity Age (as on last birthday)	Minimum: 18 years Maximum: 75 years	Minimum: 18 years Maximum: 65 years

Policy Term & Premium Payment Term (PPT)	PPT 5 Pay 6, Pay 7, Pay 10 Pay Policy Term 10 \| 15 years 12 \| 18 years 14 \| 20 years 15 \| 20 years

Minimum Basic Sum Assured

Determined on the basis of minimum premium amount, entry age, policy term and PPT
Example: For ₹20,000 annual premium, following shall be the Basic Sum Assured for entry
ages 3 & 50 years:

Age	Policy Term	Premium Payment Term	Basic Sum Assured (₹)
3 years	15 years	5 years	1,36,908
3 years	20 years	10 years	2,49,212
50 years	15 years	10 years	1,50,910

Basic Sum Assured is calculated considering the channel as Individual Agents.
For details, please refer to the premium calculator on the website.

Maximum Basic Sum Assured

Determined on the basis of minimum
premium amount, entry age, policy term and
PPT subject to UW Rules

₹25,00,000

Annualized Premium

Minimum: ₹20,000
Maximum: No limit (subject to underwriting)

Minimum: ₹20,000
Maximum: ₹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%

How Does the Plan Work?

Step

Mr. Verma 35-year-old, decides to invest in the plan. He chooses Life Goal Maximiser and Bonus Option as Paid-Up Addition.

Step

He pays premium of ₹1,00,000^ p.a. for 12 years with policy term of 50 years. The Sum Assured is ₹11,19,535

Step

From the end of the first policy year, Paid-Up Addition gets accumulated till end of the Policy Term.

Step

He also has an option to withdraw Cash Value of accrued Paid-Up Additions during the policy term to meet his important life goals.

Step

On maturity, Mr. Verma will receive @8%^# ₹1,50,47,273 & @4%^# ₹33,02,268.

Step

In case of death, his nominee will receive the death benefit as per the policy condition.

Additional Protection with optional Riders

Kotak Term Benefit Rider

Allows additional death cover on the life of Primary 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 Primary Life Insured in addition to Death Benefit under the base plan.

Kotak Permanent Disability Benefit Rider

Instalments paid on admission of a claim on Primary Life Insured becoming disabled due to accident.

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.

Kotak Accidental Disability Guardian Benefit Rider

On accidental disability 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.

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 Primary Life Insured, subject to terms and conditions, definitions and specific exclusions.

Tax Benefit

Tax benefits under the policy are subject conditions specified under the Income Tax Act, 2025 and other prevailing tax laws, if any as applicable. Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from Tax Advisor.

Downloads

Know more about the plan and how it can benefit you.

Download
Brochure

Product
Presentation

FAQs on on Kotak Fortune Maximiser (KFM)

What is Kotak Fortune Maximiser?

Kotak Fortune Maximiser is a Participating Non-Linked Life Insurance Individual Savings Product designed to help customers build long-term wealth via bonuses while providing life insurance cover.

Who should buy Kotak Fortune Maximiser?

This plan is suitable for individuals looking to create wealth for life goals, children's future needs, retirement planning, and legacy creation while ensuring life cover.

What plan options are available under the product?

The plan offers:

Life Goal Maximiser
Bright Future Maximiser
Golden Years Maximiser

What bonus payout options are available?

Customers can choose:

Cash Bonus (Immediate Payout)
Cash Bonus (Deferred Payout)
Paid-Up Additions

(Deferred Payout is available only under Life Goal Maximiser.)

What is the key benefit of Life Goal Maximiser?

It allows customers to receive cash bonuses either immediate or deferred payout, or accumulate them as Paid-Up Additions to build a larger corpus.

What is the Bright Future Maximiser option?

This option helps create a future corpus for a child’s education, marriage, higher studies, or business setup. The child remains the nominee under this option and based on the chosen tenure during which, the Cash Bonus will be utilised to purchase Paid-Up Additions and accrue.

What is the Golden Years Maximiser option?

This option helps customers build a retirement corpus by accumulating Paid-Up Additions until age 60 and then paying a survival benefit.

What is the death benefit under the plan?

Death Benefit payable shall be as mentioned below

In case of Cash Bonus (Immediate & Deferred Payout) is opted:

Sum Assured on death^@ PLUS
Interim Bonus (if declared) PLUS
Terminal Bonus (if declared)

In case of Paid-Up Addition is opted:

^@Sum Assured on death^@ PLUS
Accrued Paid-Up Additions
Interim Bonus (if declared) PLUS
Terminal Bonus (if declared)

Where ^@Sum Assured on death is highest of:

11 times Annualised Premium, or
Basic Sum Assured, or
105% of total premiums paid,

What is the maturity benefit?

On survival till maturity, customers receive maturtity benefit based on payout option chosen:

a. Under Cash Bonus (Immediate & Deferred) Payout Option, the Maturity Benefit payable shall be:

Basic Sum Assured PLUS
Cash Bonus (if declared) PLUS
Terminal bonus (if declared)

b. Under Paid-Up Addition Option, the Maturity Benefit payable shall be:

Basic Sum Assured PLUS
Cash Bonus (if declared) PLUS
Accrued Paid-up Addition (if available) PLUS
Terminal bonus (if declared)

Can I enhance protection through riders?

Yes. Riders available include:

Kotak Term Benefit Rider
Kotak Accidental Death Benefit Rider
Kotak Permanent Disability Benefit Rider
Kotak Life Guardian Benefit Rider
Kotak Accidental Disability Guardian Benefit Rider
Kotak Critical Illness Plus Benefit Rider

Is policy loan facility available?

Yes. Loans maximum up to 50% of the surrender value may be available after the policy acquires surrender value, subject to policy conditions.

What happens if I stop paying premiums?

The policy may lapse or become Reduced Paid-Up depending on the premiums already paid and policy status.

Can I surrender the policy?

Yes. Once the policy acquires surrender value, the higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) may be payable.

What tax benefits are available?

Tax benefits under the policy are subject conditions specified under the Income Tax Act, 2025 and other prevailing tax laws, if any as applicable.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

Tax Benefit

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 Fortune Maximiser: UIN: 107N125V04. 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 Participating Non-Linked Life Insurance Individual Savings Product. 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.

The above illustration is an extract of a separate, more detailed benefit illustration.

For details, please refer to the Benefit Illustration. ^{^}The premium figure is exclusive of Goods and Services Tax and Cess. The guaranteed and non-guaranteed benefits are applicable only if all due premiums are paid. ^#The assumed non-guaranteed rates of return chosen in the illustration are 4% p.a. and 8% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance. The actual experience may be different from the illustrated. Please note that Bonuses are NOT guaranteed and may be as declared by the Company from time to time. The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn't construe any indication of future bonuses. These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.

Kotak Mahindra Life Insurance Company Ltd. Regn. No.: 107, CIN: U66030MH2000PLC128503, Regd. Office: 3rd 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/26-27/P-WEB/725.

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

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