Kotak Fortune Maximiser Plan I Kotak Life Insurance Plan I Kotak Fortune Maximiser Plan #shorts
Rewrite Plan Type: Non-Linked, Participating Saving Life Insurance Plan
Premium Paying Terms (PPT): 6Y, 8Y, 10Y, 12Y, and 15Y
Entry Age Limit: For 6 & 15 PPT = 90 days to 50 years AND For 8, 10, 12 Year PPT = 90 Days to 55 years
Maturity Age Limit: 85 Years
Premium Payment Mode: M/Q/H/Y
Premium Modal Factor: Monthly – 8.8%, Quarterly -26%, Half-yearly-51%, Yearly – 100%”
Basic Sum Assured: S.A depend upon the age, gender, policy term, PPT & Bonus Payout Chosen. B.S.A is the guaranteed maturity benefit to be payable on death as a maturity.
Revival: Within 5 years
Free lookup period: 15 days, If policy obtained through distance marketing mode = 30 days
Surrender: After 2 Years
Bonus Option
(A) CASH BONUS:
Starts after 1st year only Annually or Monthly mode till Maturity/Surrender or Death.
B) DEFERRED CASH BONUS:
Deferment Period = 5,7& 10 Year (cash bonus mode is Yearly or Monthly only)
C) PAID-UP ADDITIONS:
The cash bonus (if declared) will be utilized to purchase additional Sum Assured in the form of Paid-up Additions, throughout the policy term.
Paid-up Additions shall be payable on Death or Maturity OR you will have the flexibility to encashing the Cash Value of accrued Paid-up Additions subject to terms & conditions.” and make it seo optimized
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