OND

LA - OND CONTEST
3rd Oct TO 31st Dec 2020
 CONTEST PERIOD

Logins:- 3rd October – 31st December 2020

Conversions:- 11th January 2021

 APPLICABLE FOR

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

REWARD

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

REWARD

DATSUN REDI-GO
All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
 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

BAJAJ CT 100
All pictures are indicative & for illustrative only. Actual prizes may differ. For internal circulation only. Conditions apply.
SUMMARY

APE REWARD
60 LAKHS & ABOVE MARUTI SWIFT
25 LAKHS DATSUN REDI-GO
16 LAKHS BAJAJ PULSAR 150
8 LAKHS BAJAJ CT 100
 IMPORTANT POINTS

 Non PAR policies except KLIP logged by LA / AP(Self Code) / IMD will not be
considered in the 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 December 2020; Conversion:- 11th January 2021.
• 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
• Only In force policies at the time of running final results will be considered for the contest.
• 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.
• 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.
• 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.