OND

AP (Direct Team)
CONTEST
 CONTEST PERIOD

Logins:- 3rd October – 31st December 2020

Conversions:- 11th January 2021

 APPLICABLE FOR

AGENCY PARTNERS (Direct Team Code)

 QUALIFICATION
CRITERIA

REWARD

AMAZON GIFT
VOUCHER
CLA = LA / AP(Self Code) /IMD doing cumulative 30K & Above APE in a month. If LA does cumulative 30K &
Above APE in October, November & December then that LA will be considered as CLA for 3 times.
All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 QUALIFICATION
CRITERIA

REWARD

BAJAJ CT 100
CLA = LA / AP(Self Code) /IMD doing cumulative 30K & Above APE in a month. If LA does cumulative 30K &
Above APE in October, November & December then that LA will be considered as CLA for 3 times.
All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 QUALIFICATION
CRITERIA

REWARD

BAJAJ PULSAR 150

CLA = LA / AP(Self Code) /IMD doing cumulative 30K & Above APE in a month. If LA does cumulative 30K &
Above APE in October, November & December then that LA will be considered as CLA for 3 times.
All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 QUALIFICATION
CRITERIA

REWARD

Royal Enfield Bullet

CLA = LA / AP(Self Code) /IMD doing cumulative 30K & Above APE in a month. If LA does cumulative 30K &
Above APE in October, November & December then that LA will be considered as CLA for 3 times.
All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 QUALIFICATION
CRITERIA

REWARD

KTM DUKE
CLA = LA / AP(Self Code) /IMD doing cumulative 30K & Above APE in a month. If LA does cumulative 30K &
Above APE in October, November & December then that LA will be considered as CLA for 3 times.
All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 SUMMARY
CLA REWARD
30 KTM DUKE
25 ROYAL ENFIELD BULLET
20 BAJAJ PULSAR 150
15 BAJAJ CT 100
AMAZON GIFT VOUCHER
10
Rs.30000
CLA = LA / AP(Self Code) /IMD doing cumulative 30K & Above APE in a
month. If LA does cumulative 30K & Above APE in October, November &
December then that LA will be considered as CLA for 3 times.
 IT’S NOT
OVER
GRAB THE OPPORTUNITY
 QUALIFICATION
CRITERIA

REWARD

BAJAJ PULSAR 150

All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 QUALIFICATION
CRITERIA

REWARD

ROYAL ENFIELD
BULLET
All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 QUALIFICATION
CRITERIA

REWARD

MARUTI ALTO

All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 SUMMARY
APE REWARD
75 LAKHS & ABOVE MARUTI ALTO
ROYAL ENFIELD BULLET
50 LAKHS
350
25 LAKHS BAJAJ PULSAR

 In APE Qualification Criteria Self Code Business 20% + Direct Team Business will only be considered for AP Qualification.
Agency Partner will be eligible for reward in any one of the “CLA Qualification Criteria” or “APE Qualification
Criteria” or “OCTOBER BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – CLA Contest” whichever is higher.
One Person one reward rule in this segment will applicable.
Note: We will process the monthly contest payout and at the end of quarterly contest period the balance payout if any, will
be paid to AP.
 IMPORTANT POINTS
 Non Par products except KLIP are excluded from the contest.
 There will be no Tendulkar Payouts to Agency Partners in this quarter (Q3 – OND).
 In APE Qualification Criteria Self Code Business 20% + Direct Team Business will only be considered for AP Qualification.
 CLA = LA / AP(Self Code) /IMD doing cumulative 30K & Above APE in a month. If LA does cumulative 30K & Above APE in October, November &
December then that LA will be considered as CLA for 3 times.
 Agency Partner will be eligible for reward in any one of the “CLA Qualification Criteria” or “APE Qualification Criteria” or “OCTOBER BONANZA
(Badlenge Hum… Toh Jeetenge Hum….) – CLA Contest” whichever is higher. One Person one reward rule in this segment will applicable.
 Split Policy Rule will be applicable for CLA count.
 Split policies are defined as policies which are login within 30 days from last policy login and have same Life Assured and same Product irrespective of
same Life Advisor.
 In case of Kotak Headstart Child Assure, Kotak Child Edu and Kotak Child Future policies, if beneficiaries are different then it will not be considered as
a Split Policy case.
 Split policy rule will not be applied on combo products.
 LA/AP(Self Code)/IMD belonging to 2nd or consecutive policy in split policy rule will not be considered as CLA. Credit of CLA count of such LA will not
be given to Agency Partner in case of split policy.
 TERMS & CONDITIONS
• The contest is applicable for all Agency Partner (Direct Team Code) of Agency Partner Channel
• Login Details :- 3rd October – 31st December 2020; Conversion:- 11th January 2020
• In APE Qualification Criteria Self Code Business 20% + Direct Team Business will only be considered for AP Qualification.
• CLA = LA / AP(Self Code) /IMD doing cumulative 30K & Above APE in a month. If LA does cumulative 30K & Above APE in
October, November & December then that LA will be considered as CLA for 3 times.
• 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.
• All prizes will be given out as per status after free look period.
 TERMS & CONDITIONS
• 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.
• Agency Partner will be eligible for reward in any one of the “CLA Qualification Criteria” or “APE Qualification Criteria” or “OCTOBER BONANZA
(Badlenge Hum… Toh Jeetenge Hum….) – CLA 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.
• Rewards will be given to the winners only if they are still on the rolls of the KLI at the time of payout disbursal and the winners should have also not
resigned on that date. Employees on notice period will not be considered.
• Split policy rule mentioned in Important points will be applicable for CLA count.
• 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 the vehicles (Car/Bike etc) will be given on Delhi Ex-Showroom price or Budgeted Price whichever is lower. All taxes and other levies including
octroi, registration fees, insurance etc. shall be borne by the winner.
• All prizes are subject to availability. In case of non-availability of the prize, it will be substituted with a similar prize. Due to Unprecedented situation
if mentioned rewards are not procured then “Direct Payouts” will be made to Qualifiers.
 TERMS & CONDITIONS
• All benefits are subject to withholding taxes as applicable under the Income Tax Act, 1961.
• This is an internal scheme offered to the Agency Partners 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.