OCTOBER

LA - NOP 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

* NOP = Each policy with APE greater than equal to 30K will be considered as NOP.
 QUALIFICATION
CRITERIA

REWARD

* NOP = Each policy with APE greater than equal to 30K will be considered as NOP.
 QUALIFICATION
CRITERIA

REWARD

* NOP = Each policy with APE greater than equal to 30K will be considered as NOP.
 QUALIFICATION
CRITERIA

REWARD

* NOP = Each policy with APE greater than equal to 30K will be considered as NOP.
 QUALIFICATION
CRITERIA
Slab available only till
12th October 2020.
REWARD

* NOP = Each policy with APE greater than equal to 30K will be considered as NOP.
 SUMMARY
NOP REWARD
5 & ABOVE PAYOUT - 10,000
4 PAYOUT - 7,000
3 PAYOUT - 5,000
2 PAYOUT – 3,000
1 PAYOUT – 750

1 NOP Slab is available only till 12th October 2020 only.

* NOP = Each policy with APE greater than equal to 30K will be considered as NOP.
 IMPORTANT POINTS
 NOP = Each policy with APE greater than equal to 30K will be considered as NOP.
 1 NOP Slab is available only till 12th October 2020.
 Non PAR policies except KLIP logged by LA / AP(Self Code) / IMD will not be considered in the contest as NOP.
 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.
 If AP does cumulative 30K APE & above under Self Code then it will be considered as 1 CLA under the same AP. In this case if the NOP
logged under self-code is considered as CLA under “OCTOBER BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – CLA Contest” then this NOP
will not get counted under “OCTOBER BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – NOP Contest”.
 Combo policies logged in by LA / AP (Self Code) / IMD will be considered as single NOP.
 Only 1 NOP per Life Assured and per Proposer will be considered in the contest.
 Split Policy Rule will be applicable for NOP 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.
• 2nd or consecutive policy in split policy rule will not be considered as NOP. Credit of NOP in such policies will not be given to LA /
AP (Self Code) / IMD in case of split policy.
 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
• NOP = Each policy with APE greater than equal to 30K will be considered as NOP.
• 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.
 TERMS & CONDITIONS
• Cheque bounce cases if resubmitted and converted before the conversion cut off date will be considered.
• All prizes will be given out as per status after free look period.
• Only In force policies at the time of running final results will be considered for the contest.
• 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.
• The prizes are non-transferable.
• Under no circumstance shall any person be eligible for more than one prize.
• No request for substitution in the prizes will be entertained.
• 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.
• If AP does cumulative 30K APE & above under Self Code then it will be considered as 1 CLA under the same AP. In this case if the NOP logged under
self-code is considered as CLA under “OCTOBER BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – CLA Contest” then this NOP will not get counted
under “OCTOBER BONANZA (Badlenge Hum… Toh Jeetenge Hum….) – NOP Contest”.
• Combo policies logged in by LA / AP (Self Code) / IMD will be considered as single NOP.
 TERMS & CONDITIONS
• Only 1 NOP per Life Assured and per Proposer will be considered in the contest.
• Split policy rule as mentioned in Important Points section is applicable.
• Non-compliance of ethics & compliance guidelines will lead to disqualification.
• The prize money will be directly credited to qualifiers account through Pay-connect system in their commission
income account.
• 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.