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Page 1 of 8: Policy Details
Page 1 of 8: Policy Details
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Illustration No: KFMP-1669M-5852-Y50
Quotation Number:BB110723111936054
Proposal No:
Policy No:
Name of the Prospect/Policyholder Mr Man Singh Name of the Product Kotak Fortune Maximiser
Name of Life Insured Master Bhavishya Chaudhary Tag Line A Non-Linked Participating
Savings Life Insurance plan
Age of the Prospect/Policyholder(in yrs) 67
Unique Identification No UIN: 107N125V01
DOB of Life Insured 13 February 2007
Taxes and Cess(Year 1) 4.5%
Age of the Life Insured (in yrs) 16
Taxes and Cess(Year 2) 2.25%
Gender of the Life Insured Male
Tax and Cess Rate-Riders 18%
Spouse Cover Option (if opted for) No
Back-dation Option No
Name of Secondary Life Insured (Spouse) NA
Chosen(Yes/No)
DOB of Secondary Life Insured NA
If Yes, Back-dation Date Not Applicable
(Spouse)(in yrs)
Agent's Branch Location Haryana
Age of Secondary Life Insured (Spouse) NA
Prospect/Policyholder's Haryana
Gender of Secondary Life Insured NA
Current Location
(Spouse)
Sales Channel Individual Agents
Policy Term(in yrs) 69
“Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance
business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers
variable benefits then the illustrations on this page will show two different rates of assumed future investment returns, of 8% p.a. and 4% p.a. These
assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is
dependent on a number of factors including future investment performance.”
POLICY DETAILS
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Quotation Number:BB110723111936054
Rider Details
Rider Premium Paying
Rider Name Rider Sum Assured Rider Policy Term Rider Premiums(Rs.)
Term
Kotak Accidental Death Benefit Rider (UIN:
Not Selected
107B001V03)
Kotak Permanent Disability Benefit Rider (UIN:
Not Selected
107B002V03)
Kotak Term Benefit Rider (UIN: 107B003V03) Not Selected
Kotak Life Guardian Benefit Rider (UIN:
Not Selected
107B012V02)
Kotak Accidental Disability Guardian Benefit Rider
Not Selected
(UIN: 107B011V02)
Kotak Critical Illness Plus Benefit Rider
Not Selected
(UIN:107B020V01)
Note: Rider Premiums will have to be paid additionally
PREMIUM SUMMARY
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Quotation Number:BB110723111936054
(Amount in Rupees.)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
4 20 50,000 5,88,376 0 0 10,962 56,152 56,152 0 19,046 23,815 26,692 0 0 5,88,376 5,88,376
5 21 50,000 5,88,376 0 0 10,962 70,190 70,190 0 19,046 29,769 43,559 0 0 5,88,376 5,88,376
6 22 50,000 5,88,376 0 0 10,962 84,229 88,927 0 19,046 35,722 64,601 0 0 5,88,376 5,88,376
7 23 50,000 5,88,376 0 0 10,962 98,267 1,19,848 0 19,046 41,676 90,260 0 0 5,88,376 5,88,376
8 24 50,000 5,88,376 0 0 10,962 1,44,305 1,54,021 0 19,046 79,630 1,19,352 0 0 5,88,376 5,88,376
9 25 50,000 5,88,376 0 0 10,962 2,02,843 2,02,843 0 19,046 1,30,084 1,58,159 0 0 5,88,376 5,88,376
10 26 50,000 5,88,376 0 0 10,962 2,65,381 2,65,381 0 19,046 1,84,537 1,98,764 0 0 5,88,376 5,88,376
11 27 50,000 5,88,376 0 0 10,962 3,19,419 3,35,919 0 19,046 2,30,491 2,60,527 0 0 5,88,376 5,88,376
12 28 50,000 6,30,000 0 0 10,962 3,78,457 4,08,457 0 19,046 2,81,445 3,42,731 0 0 6,30,000 6,30,000
Note: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards riders, if any, and Goods & Service Tax. The annualized premium, will be with respect to the
life insured or Primary life insured (in case of Spouse Cover option). For more details and for explanation of terms used in this illustration, please refer Sales Literature.
* Surrender Benefit is higher of Guaranteed or Special Surrender Value. Special Surrender Value mentioned above also includes Terminal Bonus (if any), Interim Bonus (if any) as may be payable. Surrender Benefit
shown is after deduction of Total Applicable Survival Benefit already paid or utilized to purchase Paid-Up Additions.
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New Page1
Quotation Number:BB110723111936054
(Amount in Rupees.)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Note: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards riders, if any, and Goods & Service Tax. The annualized premium, will be with respect to the
life insured or Primary life insured (in case of Spouse Cover option). For more details and for explanation of terms used in this illustration, please refer Sales Literature.
* Surrender Benefit is higher of Guaranteed or Special Surrender Value. Special Surrender Value mentioned above also includes Terminal Bonus (if any), Interim Bonus (if any) as may be payable. Surrender Benefit
shown is after deduction of Total Applicable Survival Benefit already paid or utilized to purchase Paid-Up Additions.
Page 4 of 8
New Page1
Quotation Number:BB110723111936054
(Amount in Rupees.)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Note: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards riders, if any, and Goods & Service Tax. The annualized premium, will be with respect to the
life insured or Primary life insured (in case of Spouse Cover option). For more details and for explanation of terms used in this illustration, please refer Sales Literature.
* Surrender Benefit is higher of Guaranteed or Special Surrender Value. Special Surrender Value mentioned above also includes Terminal Bonus (if any), Interim Bonus (if any) as may be payable. Surrender Benefit
shown is after deduction of Total Applicable Survival Benefit already paid or utilized to purchase Paid-Up Additions.
Page 5 of 8
New Page1
Quotation Number:BB110723111936054
(Amount in Rupees.)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Note: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards riders, if any, and Goods & Service Tax. The annualized premium, will be with respect to the
life insured or Primary life insured (in case of Spouse Cover option). For more details and for explanation of terms used in this illustration, please refer Sales Literature.
* Surrender Benefit is higher of Guaranteed or Special Surrender Value. Special Surrender Value mentioned above also includes Terminal Bonus (if any), Interim Bonus (if any) as may be payable. Surrender Benefit
shown is after deduction of Total Applicable Survival Benefit already paid or utilized to purchase Paid-Up Additions.
Page 6 of 8
New Page1
Quotation Number:BB110723111936054
(Amount in Rupees.)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Note: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards riders, if any, and Goods & Service Tax. The annualized premium, will be with respect to the
life insured or Primary life insured (in case of Spouse Cover option). For more details and for explanation of terms used in this illustration, please refer Sales Literature.
* Surrender Benefit is higher of Guaranteed or Special Surrender Value. Special Surrender Value mentioned above also includes Terminal Bonus (if any), Interim Bonus (if any) as may be payable. Surrender Benefit
shown is after deduction of Total Applicable Survival Benefit already paid or utilized to purchase Paid-Up Additions.
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Quotation Number:BB110723111936054
1. This is a Limited Pay, Non- Linked, Participating Savings Life Insurance Plan. The illustration stated is for a healthy individual and under the
assumption that this is the only policy the client has with Kotak Life Insurance and would be subject to underwriting.
2. Kotak Fortune Maximiser is only the name of the plan and does not in any way indicate the quality of the plan, its future prospects or returns.
3. The main objective of the illustration is that the policyholder is able to understand the features of the product and the nature of benefits under
different circumstances. The above illustrated benefits are derived on the basis of details of the life insured provided at the time of filling the
proposal form. If the details are found inaccurate or there are any changes before or at the time of the policy issuance for eg: change in age, the
illustrated benefits will be subject to revision. The values shown herein are for illustrative purposes only. For more details on the risk factors, terms
and conditions, please read sales brochure carefully before concluding a sale.
4. The policy will acquire a surrender value after payment of two full years' premium. The surrender value payable will be Guaranteed Surrender
Value, if any, at the point of surrender or Special Surrender Value, whichever is higher. The displayed Special Surrender Values are not
guaranteed and only indicative. These may change from time to time. The policyholder is advised to check the Special surrender value payable
with the company before surrendering.
5. If Monthly Cash Bonus option is chosen then the monthly cash bonus amount will be equal to 96%* Annual cash bonus / 12
6. The maturity, bonus and surrender values are illustrated assuming that all due premiums in a policy year are paid and that the event occurs at the
end of the policy year.
7. In case of any conflict between this benefit illustration and your policy document, the latter shall prevail.
8. Taxes & Cess, as applicable shall be levied at the applicable Tax rates in accordance with the prevailing Tax Laws. Prevailing tax laws are
applicable on this policy which may vary from time to time.
9. TDS at prevailing rate will be deducted from any amount paid under a life insurance policy subject to the provisions of prevailing tax laws. In case
of non-availability of valid PAN, TDS will be deducted at higher rate. Tax laws are subject to changes from time to time. Kindly consult your tax
advisor for tax implication of your policy.
I, _____________________________(Name), have explained the I, Mr Man Singh (Name), having received the information with respect
premiums and benefits under the product fully to the prospect to the above, have understood the above statement before entering
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