A customisable savings plan with 3 bonus modes and optional spouse cover, for goals like education, milestones, or retirement.
Kotak Fortune Maximiser combines long-term life cover with the flexibility to choose exactly how your bonus earnings are paid or reinvested.
Most traditional endowment plans lock you into a rigid structure where your payouts and timings are predetermined from day one. Kotak Fortune Maximiser takes a fundamentally different approach. As a limited-pay, participating endowment assurance plan, it participates in Kotak Life's with-profits fund, granting you three versatile bonus payout mechanisms: immediate cash, deferred cash accumulation, or compounding paid-up additions. This gives you absolute control over whether you receive cash flow today or compound your wealth for tomorrow.
Whether your goal is securing funds for your child's overseas education, creating a dedicated retirement transition engine, or building an intergenerational wealth reserve, the plan offers three dedicated variants: Life Goal Maximiser, Bright Future Maximiser, and Golden Years Maximiser. Each option is engineered for specific life chapters, offering tailored liquidity when you need it most.
In addition, Kotak Fortune Maximiser addresses family financial security holistically. It allows primary policyholders to add their spouse under the very same policy contract, avoiding duplicate policy administration costs. With coverage extending up to age 85, premium payment terms as short as 6 years, and enhanced benefits for female lives, this plan serves as a robust pillar for your family's financial roadmap.
Explore comprehensive protection, disciplined wealth accumulation, and versatile income payouts crafted to secure your family's future.
Ensures that your family's financial lifestyle remains fully protected in the event of an unfortunate event during the policy term.
A substantial lump sum payout payable upon surviving until the maturity date at age 85.
Cash bonuses declared each year can be taken out as periodic income according to your cash flow requirements.
Unmatched customisation to match your precise savings style and protect both partners.
A quick breakdown of entry ages, terms, premium payment limits, and spouse cover parameters.
| Parameter | Details & Conditions |
|---|---|
| Minimum Entry Age | 90 days (0 years) for primary life |
| Maximum Entry Age | 50 to 55 years (dependent on the selected Premium Payment Term) |
| Policy Term (PT) | Up to Age 85 (calculated as 85 minus entry age at inception) |
| Premium Payment Terms (PPT) | Limited pay options: 6, 8, 10, 12, or 15 years |
| Minimum Annualised Premium | ₹36,000 to ₹48,000 p.a. (varies based on chosen PPT and modal frequency) |
| Maximum Premium & Sum Assured | No upper limit (subject to Kotak Life underwriting and board approval) |
| Spouse Cover Option | Primary insured can add spouse for 50% to 100% of Basic Sum Assured under same policy |
| Spouse Maximum Entry Age | 60 years |
| Special Female Life Benefit | Preferential rates and enhanced Sum Assured for female lives across all PPTs |
| Bonus Payout Frequency | Annual or Monthly payouts (for Immediate and Deferred cash bonus options) |
A simple four-step journey from setting up your policy to enjoying guaranteed maturity returns.
Select your plan option (Life Goal, Bright Future, or Golden Years). Choose your premium paying term (6 to 15 years), desired sum assured, and whether to include Spouse Cover.
Pay comfortable premiums for your limited PPT via Yearly, Half-yearly, Quarterly, or Monthly auto-debit while enjoying annual tax deductions under Section 80C.
Kotak Life declares annual participating bonuses. Depending on your choice, receive cash payouts immediately, let deferred bonuses compound, or accumulate Paid-Up Additions (PUA).
Enjoy milestone cash payouts when you need them, seamless retirement income starting at age 60, or a substantial lump sum at age 85 with Guaranteed Maturity Benefit + Bonuses.
Choose an instalment frequency that matches your income flow, with easy automated NACH and e-mandate facilities.
Pay once a year. The most cost-effective mode with 100% modal factor and straightforward annual tax planning.
Modal Factor: 100%Divide your annual commitment into two semi-annual instalments. Convenient for bi-annual incentive budgeting.
Modal Factor: 51%Four quarterly instalments spaced throughout the year. Matches well with advance tax and quarterly business cycles.
Modal Factor: 26%Twelve monthly debits through standing instruction. Perfect for salaried professionals seeking disciplined monthly budgeting.
Modal Factor: 8.8%Maximise your take-home income while growing long-term wealth under the provisions of the Indian Income Tax Act, 1961.
Premiums paid towards Kotak Fortune Maximiser qualify for tax deduction up to ₹1.5 Lakh per financial year under Section 80C (under the Old Tax Regime), reducing your annual taxable income.
Maturity and survival proceeds are tax-free under Section 10(10D), subject to the ₹5 Lakh aggregate annual premium limit for life insurance policies issued on or after April 1, 2023. Death benefit payouts to nominees are 100% tax-free with no upper limit.
*Tax laws are subject to amendments from time to time. Tax exemptions depend on your chosen tax regime and individual circumstances. Please consult your tax advisor for professional guidance.
Strengthen your safety net against critical illnesses, accidents, and life contingencies with Kotak Life's riders.
Provides additional lump sum financial cover to your family over and above the base death sum assured in the event of an untimely demise.
Pays an additional accidental sum assured to your nominees in case of demise resulting directly from an unexpected accident.
Provides periodic financial support if an accident results in permanent and total disability, helping offset loss of regular earning capacity.
Waives all future policy premiums if the parent/proposer passes away, ensuring the child's plan and maturity corpus continue uninterrupted.
Waives all remaining premiums if the primary policyholder suffers permanent disability due to an accident, keeping full policy benefits alive.
Pays an immediate lump sum cash benefit upon the confirmed diagnosis of any of 37 specified critical illnesses, funding treatment costs directly.
