OCTOBER

LA - APE CONTEST
3rd TO 31st OCTOBER 2020
 CONTEST PERIOD

Logins:- 3rd October – 31st October 2020

Conversions:- 10th November 2020

 APPLICABLE FOR

• LIFE ADVISORS
• AGENCY PARTNERS (SELF CODE)
• IMD
 QUALIFICATION
CRITERIA

REWARD
 QUALIFICATION
CRITERIA

REWARD
 QUALIFICATION
CRITERIA

REWARD
 QUALIFICATION
CRITERIA

REWARD
 SUMMARY
APE REWARD
5 LAKHS & ABOVE PAYOUT - 30,000
3 LAKHS PAYOUT - 18,000
2 LAKH PAYOUT - 10,000
1 LAKH PAYOUT – 5,000
 IMDs (Coded in October 2020) who completes the minimum premium criteria of 1.25 lakhs will be eligible for
this contest. In such cases, premium over and above 1.25 Lakhs will be considered in the contest.
 All IMDs Coded till September 2020 & have completed minimum premium criteria till 30th September will
have all the slabs available to qualify. IMD’s who have not completed minimum premium criteria will not be
eligible for this contest.
 All APE Slabs will be applicable for Life Advisors & Agency Partners (Self Code).
 IMPORTANT POINTS
 IMDs (Coded in October 2020) who completes the minimum premium criteria of
1.25 lakhs will be eligible for this contest. In such cases, premium over and above
1.25 Lakhs will be considered in the contest.
 All IMDs Coded till September 2020 & have completed minimum premium criteria till 30th September will
have all the slabs available to qualify. IMD’s who have not completed minimum premium criteria will not be
eligible for this contest.
 LA / AP (Self Code) / IMD will be eligible for reward in any one of the “OCTOBER BONANZA (Badlenge Hum…
Toh Jeetenge Hum….) – APE Contest” or “OCTOBER BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – NOP
Contest” or “OND BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – APE Contest” whichever is higher.
One Person one reward rule in this segment will applicable.
 TERMS & CONDITIONS
• The contest is applicable for all Life Advisors /Agency Partner (Self Code) / IMD of Agency Partner Channel
• Login Details :- 3rd October – 31st October 2020; Conversion:- 10th November 2020
• APE inclusive of GST shall be considered for the contest.
• All Regular PAR products will carry 100% weightages.
• All Regular ULIP products will carry 37.5% weightages.
• All Single Premium products will carry 10% weightages.
• KLIP will carry 10% Weightage in the contest period.
• All Term Plan (Regular & LPP) will carry 100% weightages.
• Non Par Regular Premium products will be excluded from the contest except KLIP.
• All Regular Traditional policies where Premium Paying Term is greater than or equal to 10 years only will be considered. All Term Plans will be
exception to this rule.
• All Traditional Policies with Premium Paying Term (PPT) is >= 7 years & < 10 years AND Policy Term (PT) IS 14 years & more & case size of Rs. 48000 or
more will be eligible for credit in the contest. All Term Plans will be exception to this rule.
• All cases with APE above Rs 25,000 will be verified in respect of premium payment term and premium amount from HO by tele-calling the customer.
• Surrender & Re-login Cases will not be considered in the contest
• Data as per Life Asia will be considered for the contest.
• Cheque bounce cases if resubmitted and converted before the conversion cut off date will be considered.
• Any business already logged in / converted earlier than the scheme period, if cancelled & re-logged will not be considered, Kotak Life Insurance's
decision in this regard will be final.
• All prizes will be given out as per status after free look period.
 TERMS & CONDITIONS
• IMDs (Coded in October 2020) who completes the minimum premium criteria of 1.25 lakhs will be eligible for this
contest. In such cases, premium over and above 1.25 Lakhs will be considered in the contest.
• All IMDs Coded till September 2020 & have completed minimum premium criteria till 30th September will have all the
slabs available to qualify. IMD’s who have not completed minimum premium criteria will not be eligible for this contest.
• LA / AP (Self Code) / IMD will be eligible for reward in any one of the “OCTOBER BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – APE Contest” or
“OCTOBER BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – NOP Contest” or “OND BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – APE
Contest” whichever is higher. One Person one reward rule in this segment will applicable.
• Only In force policies at the time of running final results will be considered for the contest.
• The prizes are non-transferable.
• The prize money will be directly credited to qualifiers account through Pay-connect system in their commission income account.
• Under no circumstance shall any person be eligible for more than one prize.
• No request for substitution in the prizes will be entertained.
• Non-compliance of ethics & compliance guidelines will lead to disqualification.
• All benefits are subject to withholding taxes as applicable under the Income Tax Act, 1961.
• This is an internal scheme offered to the Life Advisors & Partners & IMD’s on sole discretion of Kotak Life Insurance, any terms conditions & issues
related to the scheme cannot be questioned outside the Company.
• In all cases Kotak Life Insurance’s decision would be final and binding.
• Application, interpretation or modification of any of the terms & condition including Contest Logins & Conversions Extension will be as per the
decision of Head of Distribution.
• For internal circulation only.