{"uin":"107N125V04","name":"Kotak Fortune Maximiser","url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04","insurer":{"slug":"kotak-mahindra-life-insurance","name":"Kotak Mahindra Life Insurance Company Limited","url":"https://indiainsurances.com/insurer/kotak-mahindra-life-insurance"},"line":"life","category":"savings-life","category_name":"Endowment and savings plans","irdai_type":"Product","kind":"product","status":"active","approved_on":"2021-12-28","withdrawn_on":null,"summary":"Kotak Fortune Maximiser is a participating non-linked individual savings life policy with Life Goal Maximiser, Bright Future Maximiser and Golden Years Maximiser plan options. It pays Basic Sum Assured plus applicable declared bonuses at maturity, and the death benefit is Sum Assured on Death plus applicable bonuses with optional Spouse Cover and riders.","analysis":{"state":"machine","analysed_at":"2026-10-19 21:13:16.853697+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Life Goal Maximiser","Bright Future Maximiser","Golden Years Maximiser"],"display":"Life Goal Maximiser; Bright Future Maximiser; Golden Years Maximiser","note":null,"quote":"The Policyholder may choose from the below mentioned three plan options at inception of Policy: ... i) Life Goal Maximiser ... ii) Bright Future Maximiser ... iii) Golden Years Maximiser The plan option chosen at inception of Policy cannot be changed during the Policy Term.","sources":[{"clause":"1","heading":"Plan Options","page":18,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1"},{"clause":"1(i)","heading":null,"page":18,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-i"},{"clause":"1(ii)","heading":null,"page":18,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-ii"},{"clause":"1(iii)","heading":null,"page":18,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-iii"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":"The policy document uses the schedule placeholder for policy term but does not print the available policy-term range.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Claims should be notified to the Company in writing within ninety (90) days from the claim event.","display":"Within ninety (90) days from the claim event","note":null,"quote":"Claims should be notified to the Company in writing within ninety (90) days from the claim event. All claims payable will be subject to production of proof of the claim event, such other requirements as stipulated by the Company and the legal title of the claimant.","sources":[{"clause":"5(b)(ii)","heading":null,"page":38,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-5-b-ii"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Valid Bank Documents of Payee i.e. Personalized Cheque /Bank Statement","Copy of PAN Card or Form 60","NRE declaration/Confirmation (if premiums are received from NRE account)","Settlement request form or self-declaration (if applicable)","claim intimation form","original Death Certificate and medical cause of death/ relevant medical records","certificate from a Registered Medical practitioner and relevant hospital records","certified copies of First Information Report [FIR], Post Mortem Report, the autopsy report any relevant Newspaper Cuttings and Final Police Closure Report","certified copy of the insured’s driving license","Original policy document","All medical records","Current residential proof","Photo identity proof of Claimant","Original cancelled cheque"],"display":"Includes bank documents, PAN/Form 60, NRE declaration if applicable, settlement request/self-declaration, claim intimation form, death certificate and medical records; accident and claimant documents may also be required.","note":"The insurer may ask for additional information or documents to establish the validity of a claim.","quote":"All relevant documents including the following documents have been provided to the Company:\n• Valid Bank Documents of Payee i.e. Personalized Cheque /Bank Statement,\n• Copy of PAN Card or Form 60;\n• NRE declaration/Confirmation (if premiums are received from NRE account);\n• Settlement request form or self-declaration (if applicable). ... The Primary documents normally required for processing a claim are:\n• Proof of Claim Event:\n- In case of a Death claim then original Death Certificate and medical cause of death/ relevant medical records are required.\n- In case of rider claims like critical illness, accidental death or Permanent Disability then certificate from a Registered Medical practitioner and relevant hospital records are required.\n• Supporting Documents:\n- In case of Death due to accident then the certified copies of First Information Report [FIR], Post Mortem Report, the autopsy report any relevant Newspaper Cuttings and Final Police Closure Report are required.\n- Where death occurs due to any car or motor accident where the Life Insured/ Primary Life Insured/ Spouse was the driver, a certified copy of the insured’s driving license to be submitted.\n- Original policy document.\n- All medical records are required.\n• Claimant related Documents:\n- Current residential proof and\n- Photo identity proof of Claimant, as mentioned.\n- Original cancelled cheque showing name of Bank, location of Bank Branch, Name of Account Holder and Account No. ... • Claim Intimation Form For any claim, one must inform the insurance company by filling the ‘Claim Intimation Form’ with all details.","sources":[{"clause":"5(a)","heading":null,"page":38,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-5-a"},{"clause":"5(b)(iv)","heading":null,"page":38,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-5-b-iv"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":"The CIS points to a website for claim settlement TAT, but the policy documents provided do not print the time.","quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["If the Life Insured/ Primary Life Insured commits suicide within 12 months from the Date of Commencement of Risk of Policy, no death benefit under the Policy shall be payable.","in case of suicide within 1 year of the date of revival, when the revival is done after 6 months from the date of first unpaid Premium, the benefit payable shall be higher of 80% of Total Premiums* Paid till the date of death or Surrender Value (if any) at the date of death","In case of death of Spouse due to suicide within twelve (12) months from the Date of Commencement of Risk, or within 1 year of the date of revival, when the revival is done after 6 months from the date of first unpaid Premium; 80% of the Total Premiums received (with respect to the Spouse) till the date of death of the Spouse shall be payable"],"display":"Suicide exclusion within 12 months of risk commencement; modified suicide benefit within 1 year of certain revivals; spouse suicide exclusion on similar terms.","note":null,"quote":"If the Life Insured/ Primary Life Insured commits suicide within 12 months from the Date of Commencement of Risk of Policy, no death benefit under the Policy shall be payable. However, in such cases 80% of the Total Premiums* paid till the date of death shall be payable to the Claimant and the Policy shall terminate. ... However, in case of suicide within 1 year of the date of revival, when the revival is done after 6 months from the date of first unpaid Premium, the benefit payable shall be higher of 80% of Total Premiums* Paid till the date of death or Surrender Value (if any) at the date of death, provided the Policy is in force. ... In case of death of Spouse due to suicide within twelve (12) months from the Date of Commencement of Risk, or within 1 year of the date of revival, when the revival is done after 6 months from the date of first unpaid Premium; 80% of the Total Premiums received (with respect to the Spouse) till the date of death of the Spouse shall be payable","sources":[{"clause":"1(i)","heading":null,"page":37,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-i-2"},{"clause":"1(b)","heading":null,"page":37,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-b-2"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First approach Kotak Life through a branch, customer service department, toll-free number or WECARE. If not satisfied or no response within 14 days, contact the Grievance Redressal Officer by post, phone or email.","display":"Insurer customer service first; then Grievance Redressal Officer if not satisfied or no response within 14 days","note":null,"quote":"In case the Policyholder/ complainant has any complaint(s) or grievance(s) against the Insurer, he/ she may approach the Insurer using any of the following modes for resolution:\n• visit any of the Insurer’s nearest branches;\n• write to the Insurer’s customer service department at - Customer Care, Kotak Mahindra Life Insurance Company Limited, 9th floor, Intellion Square (Bldg No. 4), Infinity IT Park, Gen. AK Vaidya Marg, Malad (E), Mumbai-400 097;\n• call the Insurer’s toll free number at 1800 209 8800;\n• write to the Insurer at https://kli.in/WECARE\nEscalation mechanism of the Insurer:\nIn case the Policyholder/ complainant is not satisfied with the decision provided by the above office(s) or has not received any response within 14 days, he/ she may contact the Grievance Redressal Officer of the Insurer using any of the following modes for resolution:","sources":[{"clause":"1","heading":"For resolution of grievances","page":42,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-4"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"quote-verified","value":"Sum Assured on Death is the highest of 11 times the Annualized Premium plus extra premium if any, Basic Sum Assured, or 105% of all premiums paid till the date of death. The Basic Sum Assured amount is shown in the policy schedule.","display":"Sum Assured on Death = highest of 11 times annualized premium plus extra premium, Basic Sum Assured, or 105% of premiums paid","note":null,"quote":"Basic Sum Assured:\nIt is the guaranteed maturity benefit payable on the death of Life Insured/ Primary Life Insured; or maturity of the Policy. The amount of basic sum assured under this Policy is mentioned in Schedule as Basic Sum Assured. ... Sum Assured on Death:\nIf all the due premiums have been paid, the Sum Assured on Death of Life Insured/ Primary Life Insured during the Policy Term will be as follows:\nHighest of (a), (b) or (c); ... a) 11 times (Annualized# Premium plus extra premium, if any); or ... b) Basic Sum Assured which is the guaranteed maturity benefit to be payable on maturity; or ... c) 105% of all Premiums (including extra premium, if any) paid till the date of death","sources":[{"clause":"Part B(x)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-part-b-x"},{"clause":"Part B(c)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-part-b-c"},{"clause":"Part B(a)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-part-b-a-2"},{"clause":"Part B(b)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-part-b-b-2"},{"clause":"Part B(c)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-part-b-c-2"}],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"On death during the policy term with all due premiums paid, Cash Bonus Payout Immediate or Deferred pays Sum Assured on Death plus Interim Bonus if declared plus Terminal Bonus if declared. Paid-Up Additions option also adds accrued Paid-Up Additions if available; if Spouse Cover is selected, spouse and primary life have independent covers.","display":"Sum Assured on Death plus declared bonuses; Paid-Up Additions option also pays accrued Paid-Up Additions if available","note":"Spouse cover sum assured is opted at inception and can range from 50% to 100% of the Basic Sum Assured for the Primary Life Insured.","quote":"On death of the Life Insured/Primary Life Insured at any time during the Policy Term, provided all the due Premium(s) have been paid up to date, the following benefit will be available: ... a) Death benefit under ‘Cash Bonus Payout - Immediate’ option:\n• Sum Assured on Death PLUS\n• Interim Bonus (if declared) PLUS\n• Terminal Bonus (if declared) ... b) Death benefit under ‘Cash Bonus Payout - Deferred’ option:\n• Sum Assured on Death PLUS\n• Interim Bonus (if declared) PLUS\n• Terminal Bonus (if declared) ... c) Death benefit under ‘Paid-Up Additions’ option:\n• Sum Assured on Death PLUS\n• Accrued Paid-Up Additions (if available) PLUS\n• Interim Bonus (if declared) PLUS\n• Terminal Bonus (if declared)\nii) Death Benefit under Spouse Cover Option: If Spouse Cover option is selected at inception of the Policy, then both the Primary Life Insured Spouse will have independent life cover.","sources":[{"clause":"2(i)","heading":null,"page":20,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-2-i"},{"clause":"2(a)","heading":null,"page":20,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-2-a"},{"clause":"2(b)","heading":null,"page":20,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-2-b"},{"clause":"2(c)","heading":null,"page":20,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-2-c"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"On survival to the end of the policy term with all due premiums paid, Cash Bonus Payout Immediate or Deferred pays Basic Sum Assured plus Cash Bonus if declared plus Terminal Bonus if declared. Paid-Up Additions option also adds Accrued Paid-Up Additions if available; no maturity benefit applies for Spouse Cover.","display":"Basic Sum Assured plus declared cash and terminal bonuses; Paid-Up Additions option also pays accrued Paid-Up Additions if available","note":null,"quote":"On survival of the Life Insured/ Primary Life Insured till the end of the Policy Term, provided all the due Premium(s) have been paid, on the date of maturity of the Policy the following shall be payable: ... a) Under Cash Bonus Payout (Immediate & Deferred) option:\n• Basic Sum Assured PLUS\n• Cash Bonus (if declared) PLUS\n• Terminal Bonus (if declared) ... b) Under Paid–Up Additions option:\n• Basic Sum Assured PLUS\n• Cash Bonus (if declared) PLUS\n• Accrued Paid-Up Additions (if available) PLUS\n• Terminal Bonus (if declared)\nOnce the Maturity Benefit under the Policy is paid, the Policy stands terminated. No Maturity Benefit is applicable for Spouse, in case of Spouse Cover option.","sources":[{"clause":"3","heading":"Maturity Benefit","page":21,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-3"},{"clause":"3(a)","heading":null,"page":21,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-3-a"},{"clause":"3(b)","heading":null,"page":21,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-3-b"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"This plan has limited premium payment only. The premium payment term options indicated in the GSV table are 6, 8, 10, 12 and 15 years.","display":"Limited premium; 6, 8, 10, 12 or 15 years","note":null,"quote":"For this plan only Limited premium payment option is applicable. ... Premium Payment Term (in years) | <<XXXX>> ... Year of Surrender | Premium Payment Term\n6 | 8 | 10 | 12 | 15","sources":[{"clause":"5","heading":"Rider Benefit","page":24,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-5"},{"clause":"Row 4","heading":"Basic Policy details","page":1,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10631#c-row-4"},{"clause":"3(c)","heading":null,"page":29,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-3-c"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"not-stated","value":null,"display":null,"note":"The provided wording does not print the maximum maturity age for the base policy.","quote":null,"sources":[],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If the Life Insured or Primary Life Insured commits suicide within 12 months from commencement of risk, no death benefit is payable and 80% of total premiums paid till death is paid. After revival, suicide within 1 year after a major revival pays the higher of 80% of total premiums paid or surrender value, if any.","display":"Within 12 months: 80% of total premiums paid; after major revival within 1 year: higher of 80% of premiums paid or surrender value","note":"For spouse suicide within twelve (12) months from risk commencement, or within 1 year of a revival done after 6 months from first unpaid premium, 80% of total premiums received for the spouse is payable if the policy is in force.","quote":"If the Life Insured/ Primary Life Insured commits suicide within 12 months from the Date of Commencement of Risk of Policy, no death benefit under the Policy shall be payable. However, in such cases 80% of the Total Premiums* paid till the date of death shall be payable to the Claimant and the Policy shall terminate. ... In case of suicide after 12 months from Date of Commencement of Risk of Policy, following will be applicable: ... In case of suicide within one year of the date of revival of the Policy when the revival is done within 6 months from the date of first unpaid Premium, Suicide Exclusion shall not be applicable and the Death Benefit shall be payable. ... However, in case of suicide within 1 year of the date of revival, when the revival is done after 6 months from the date of first unpaid Premium, the benefit payable shall be higher of 80% of Total Premiums* Paid till the date of death or Surrender Value (if any) at the date of death, provided the Policy is in force.","sources":[{"clause":"1(i)","heading":null,"page":37,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-i-2"},{"clause":"1(ii)","heading":null,"page":37,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-ii-2"},{"clause":"1(a)","heading":null,"page":37,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-a-2"},{"clause":"1(b)","heading":null,"page":37,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-1-b-2"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policy acquires Guaranteed Surrender Value after at least 2 consecutive full policy years’ premiums. Surrender value is the higher of Guaranteed Surrender Value and Special Surrender Value; Special Surrender Value may be acquired after completion of the first policy year if at least one policy year premium is fully paid.","display":"GSV after 2 consecutive full policy years’ premiums; surrender value is higher of GSV or SSV","note":"If Spouse Cover Option is selected, surrender value is payable only for the Primary Life Insured and not for the Spouse.","quote":"This Policy acquires Guaranteed Surrender Value after payment of at least 2 consecutive full Policy years’ Premiums. ... On Surrender, the Company may consider paying a Special Surrender Value after the Policy acquires Guaranteed Surrender Value. Such Special Surrender Value will be solely determined by the Company at its discretion, and the same shall be quoted in writing by the Company, on receipt of a written request from the Policyholder. This Special Surrender Value shall be acquired after completion of the first Policy year, subject to the due Premiums for at least one Policy year being paid in full. ... The Surrender Value payable will be higher of Guaranteed Surrender Value or Special Surrender Value. ... The Surrender Value will be paid out as a lump sum and once the Surrender Value is paid, all the benefits will cease and the Policy shall be terminated.","sources":[{"clause":"3(i)","heading":null,"page":29,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-3-i"},{"clause":"3(ii)","heading":null,"page":29,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-3-ii"},{"clause":"3(iv)","heading":null,"page":29,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-3-iv"},{"clause":"3(c)","heading":null,"page":29,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-3-c"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"Once the policy has acquired surrender value, non-payment of later premiums within the grace period converts it into Reduced Paid-Up by default. No future cash bonuses or Paid-Up Additions accrue; Basic Sum Assured and Sum Assured on Death are reduced according to the premiums paid versus premiums payable, and the reduced policy continues to maturity, death or surrender if not revived.","display":"Reduced paid-up after acquiring surrender value if later premiums are unpaid; reduced benefits continue if not revived","note":"There is no reduced paid-up value for Spouse Cover; spouse cover lapses at the expiry of the grace period.","quote":"Once the Policy acquires Surrender Value, if the subsequent Premiums are not paid within the Grace Period, the Policy will be converted into a Reduced Paid-Up policy by default. Riders (if any) will also get converted to Reduced Paid-Up, subject to terms and conditions of respective Riders. ... Upon being made Reduced Paid-Up:\n• The Policy will not be eligible for any future Cash Bonuses and Paid-Up Additions\n• Basic Sum Assured is reduced to Reduced Paid-Up Basic Sum Assured as follows:\n• Basic Sum Assured × [(Total Premiums* paid / Total Premiums* payable during the entire Policy Term)] ... If Policy is converted to Reduced Paid-Up state (Please refer Clause on Reduced Paid- Up) and is not revived as aforesaid, it will continue in that mode until maturity, death or surrender, whichever is earlier.","sources":[{"clause":"4(i)","heading":null,"page":32,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-4-i"},{"clause":"4(iv)","heading":null,"page":32,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-4-iv"},{"clause":"2(v)","heading":null,"page":28,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-2-v"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"A lapsed or Reduced Paid-Up policy can be revived by application within five years from the date of the first due unpaid premium and before maturity. Minor revival is within six months without evidence of good health; major revival is after six months but within five years with evidence of good health and habits, and arrears plus interest are payable.","display":"Within five years from first due unpaid premium and before maturity","note":"The company may accept, decline, or accept revival on terms; revival is effective after written approval.","quote":"The Policyholder can revive a Lapsed/ Reduced Paid-Up Policy by making an application within a period of five years from the date of the first due unpaid Premium and before the date of maturity of the Policy. ... 1. | within six months from the due date of the first unpaid Premium (“Minor Revival”); | without evidence of good health; | on payment of: a) Outstanding Premiums and; b) Interest rate ... 2. | after six months but within five years from the due date of the first unpaid Premium and before the date of maturity of ... on production of evidence of good health and good habits ... on payment of: a) Premiums in arrears, and; b) interest rate (currently 9% simple interest per annum of outstanding premiums)","sources":[{"clause":"2","heading":"Revival","page":27,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-2-2"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"Loans may be granted after the policy has acquired surrender value, for a minimum of ₹ 10,000/- and up to 50% of surrender value. The policy must be assigned to the company as security and the current loan interest rate shown is 9.40% p.a.","display":"Yes, minimum ₹ 10,000/- and maximum up to 50% of surrender value after surrender value is acquired","note":null,"quote":"Loans may be granted under the Policy for a minimum amount of ₹ 10,000/- and maximum up to 50% of the Surrender Value of the Policy specified by the Company from time to time, subject to the following terms and conditions for such amounts and on such further terms and conditions as the Company may fix from time to time.\ni) Loans will be applicable once Policy has acquired surrender value.\nii) The Policy shall be assigned absolutely to the Company as security for the repayment of the loan and interest on the loan.\niii) The rate of interest on loan (currently 9.40% p.a.) shall be specified by the Company","sources":[{"clause":"5","heading":"Loans","page":33,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-5-2"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Kotak Accidental Death Benefit Rider (UIN – 107B001V04)","Kotak Permanent Disability Benefit Rider (UIN – 107B002V03)","Kotak Term Benefit Rider (UIN – 107B003V03)","Kotak Life Guardian Benefit (Rider) (UIN – 107B012V02)","Kotak Accidental Disability Guardian Benefit (Rider) (UIN – 107B011V02)","Kotak Critical Illness Plus Benefit Rider (UIN – 107B020V02)"],"display":"Kotak Accidental Death Benefit, Permanent Disability Benefit, Term Benefit, Life Guardian Benefit, Accidental Disability Guardian Benefit and Critical Illness Plus Benefit riders","note":null,"quote":"The Policyholder may opt for the following Riders, subject to the terms and conditions applicable to the riders:\n• Kotak Accidental Death Benefit Rider (UIN – 107B001V04)\n• Kotak Permanent Disability Benefit Rider (UIN – 107B002V03)\n• Kotak Term Benefit Rider (UIN – 107B003V03)\n• Kotak Life Guardian Benefit (Rider) (UIN – 107B012V02)\n• Kotak Accidental Disability Guardian Benefit (Rider) (UIN – 107B011V02)\n• Kotak Critical Illness Plus Benefit Rider (UIN – 107B020V02)","sources":[{"clause":"5","heading":"Rider Benefit","page":24,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-5"}],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"quote-verified","value":"No life insurance policy can be called in question on any ground after expiry of 3 years from the later of policy issuance, risk commencement, revival, or rider date. Within 3 years, it may be questioned for fraud, or for material misstatement/suppression, with written communication of the grounds and materials.","display":"Cannot be questioned after 3 years; within 3 years for fraud or material misstatement/suppression with written grounds and materials","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from\na) the date of issuance of policy or\nb) the date of commencement of risk or\nc) the date of revival of policy or\nd) the date of rider to the policy whichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years from\na) the date of issuance of policy or\nb) the date of commencement of risk or\nc) the date of revival of policy or\nd) the date of rider to the policy whichever is later. For this, the insurer should communicate in writing to the insured or legal representative or nominee or assignees of insured, as applicable, mentioning the ground and materials on which such decision is based. ... Life insurance Policy can be called in question within 3 years on the ground that any statement of or suppression of a fact material to expectancy of life of the insured was incorrectly made in the proposal or other document basis which policy was issued or revived or rider issued.","sources":[{"clause":"01","heading":"No Policy of Life Insurance shall be called in question on any ground whatsoever after","page":51,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-01-3"},{"clause":"02","heading":null,"page":51,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-02-3"},{"clause":"06","heading":"Life insurance Policy can be called in question within 3 years on the ground that any","page":52,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-06-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"not-stated","value":null,"display":null,"note":"The wording discusses tax laws, TDS and taxes on premiums/benefits, but does not state tax benefits.","quote":null,"sources":[],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days","note":"Applies from receipt of the policy document in electronic form, except for policies having a policy term of less than a year.","quote":"The Policyholder is offered a 30 days’ free look period to review the terms and conditions of the Policy (except for policies having a policy term of less than a year) beginning from the date of receiving the Policy Document in electronic form.","sources":[{"clause":"7","heading":"Free Look Provision","page":34,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-7"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days; 15 days for monthly mode","note":"30 days applies to annual, half-yearly and quarterly modes; monthly mode has 15 days.","quote":"Grace Period:\nMeans the time granted by the Company i.e. 30 days from the due date for the payment of Premium for annual, half-yearly and quarterly mode and 15 days for monthly mode, without levy of any interest or penalty during which time the Policy is considered to be in-force with the risk cover without any interruption as per the terms of the Policy.","sources":[{"clause":"Part B(c)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-part-b-c"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"not-stated","value":null,"display":null,"note":"The provided policy wording and CIS do not print minimum and maximum entry ages.","quote":null,"sources":[],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["Yearly","Half-yearly","Quarterly","Monthly"],"display":"Yearly, Half-yearly, Quarterly, Monthly","note":null,"quote":"The annual Premiums are payable in advance on the anniversary of the date of commencement of the Policy. However, with the consent of the Company, the Premium(s) can also be paid in Half-yearly/ Quarterly/Monthly installments. ... Frequency | Modal Factor\nYearly | 100% of yearly premium\nHalf-yearly | 51% of yearly premium\nQuarterly | 26% of yearly premium\nMonthly | 8.8% of yearly premium","sources":[{"clause":"B","heading":"PREMIUMS PAYABLE","page":25,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-b"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Limited premium payment option"],"display":"Limited premium payment option","note":null,"quote":"For this plan only Limited premium payment option is applicable.","sources":[{"clause":"5","heading":"Rider Benefit","page":24,"url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539#c-5"}],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Kotak Fortune Maximiser (UIN: 107N125V04)","pages":53,"fetched_at":"2026-10-17 19:53:41+00","source_url":"https://www.kotaklife.com/assets/images/uploads/how_do_i/Kotak_Fortune_Maximiser_Policy_Document_UIN_107N125V04.pdf","url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10539"},{"kind":"wording","label":"Kotak Fortune Maximiser Kotak Fortune Maximiser v1(withdrawn)","pages":22,"fetched_at":"2026-10-17 20:21:07+00","source_url":"https://www.kotaklife.com/assets/images/uploads/how_do_i/Kotak_Fortune_Maximiser_Policy_Document.pdf","url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/11167"},{"kind":"cis","label":"Kotak Fortune Maximiser CIS (English)","pages":6,"fetched_at":"2026-10-17 19:58:27+00","source_url":"https://www.kotaklife.com/assets/images/uploads/how_do_i/Kotak_Fortune_Maximiser_UIN_107N125V04_CIS_PDF.pdf","url":"https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04/document/10631"}],"versions":[{"uin":"107N125V01","version":null,"approved_on":null},{"uin":"107N125V04","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Kotak Mahindra Life Insurance official website","url":"https://www.kotaklife.com/","note":"Website as listed by IRDAI. Not checked: the site served a browser challenge to our crawler on 2026-10-19; we do not solve challenges."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Kotak Fortune Maximiser (UIN 107N125V04), IndiaInsurances, https://indiainsurances.com/policy/kotak-mahindra-life-insurance/kotak-fortune-maximiser-107n125v04"}