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Kotak Fortune Maximiser is a participating, non-linked individual savings life insurance product from Kotak Mahindra Life Insurance Company Limited. It combines life cover with savings and the potential to receive bonuses declared by the insurer. The product offers three plan options: Life Goal Maximiser, Bright Future Maximiser and Golden Years Maximiser. Eligible customers can select from available bonus payout options, including immediate cash bonus, deferred cash bonus where available, or paid-up additions. The premium-paying term can be 6, 8, 10, 12 or 15 years. The official product page lists a minimum annual premium of ₹48,000 for 6- and 8-pay options and ₹36,000 for 10-, 12- and 15-pay options. The primary life insured can be covered up to the maturity age of 85 years, subject to product conditions. The Basic Sum Assured depends on age, gender, policy term, premium-paying term, premium amount and selected bonus payout option. The plan is participating, so bonuses are not guaranteed and depend on declarations by the insurer. Cash bonus deferred payout is not available under Bright Future Maximiser and Golden Years Maximiser. The exact benefits, eligibility and premium must be checked in the current official policy documents and benefit illustration.
Choose Life Goal Maximiser, Bright Future Maximiser or Golden Years Maximiser, with eligible bonus payout options. Bonuses are not guaranteed.
Kotak Fortune Maximiser may suit a buyer who wants savings and life cover together and is comfortable with a participating policy. Its three plan options and bonus payout choices allow the policyholder to align the plan with different financial goals. However, projected bonuses must not be treated as guaranteed returns. Before buying, compare the official benefit illustration at both prescribed assumed return rates, review the guaranteed benefits separately from the non-guaranteed portion, and calculate the total premiums payable. The minimum annual premium is ₹36,000 for 10-, 12- and 15-pay options and ₹48,000 for 6- and 8-pay options. These are product minimums, not personalized quotations. Long-term commitments and early surrender can affect the value received. The plan should not automatically be treated as a substitute for adequate standalone life protection; compare the death benefit with the family’s actual financial needs.
Kotak Mahindra Life
Key Insights
Founded
2001
Kotak Mahindra Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
98.8% CSR, calculated as a 3-year average
Kotak Mahindra Life settles 98.8% of all claims it receives, demonstrating strong credibility.
Contact Details
1800-209-8800
Headquarters: 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (East), Mumbai, Maharashtra – 400051, India
Choose Life Goal Maximiser, Bright Future Maximiser or Golden Years Maximiser based on the intended financial goal.
Eligibility and benefits depend on the selected option.
The plan provides a death benefit under the policy terms and can continue to the primary life insured maturity age of 85 years.
The exact death benefit depends on the policy schedule and applicable policy provisions.
The policy may receive bonuses declared by the insurer under the participating product structure.
Bonuses are not guaranteed and can vary over time.
Eligible plan options allow a cash bonus to be paid immediately according to the selected payout option.
The amount and availability depend on bonus declarations and policy conditions.
Where permitted, the policyholder may choose to defer cash bonus payouts.
This option is not available for Bright Future Maximiser or Golden Years Maximiser.
An optional rider may provide an additional lump-sum benefit if the insured dies due to an accident, subject to rider terms.
Availability, eligibility, rider premium and exclusions must be confirmed in the current rider brochure.
An optional rider may provide benefits in the event of qualifying accidental permanent disability.
The definition of disability, payment conditions and exclusions are governed by the rider contract.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Kotak Mahindra Life plans and claim process
It is a participating, non-linked savings life insurance plan that combines life cover with potential bonuses declared by the insurer.
No. The base product is a participating savings life insurance plan with maturity benefits, not a standalone term insurance policy.
The three options are Life Goal Maximiser, Bright Future Maximiser and Golden Years Maximiser.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Kotak Mahindra Life website before purchasing.
Official Website
kotaklife.com
Visit the official Kotak Mahindra Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
The official product page lists ₹48,000 for 6- and 8-pay options and ₹36,000 for 10-, 12- and 15-pay options. The applicable premium depends on the selected option and policy configuration.
The listed premium-paying terms are 6, 8, 10, 12 and 15 years, subject to the selected plan option and eligibility rules.
No. Bonuses are not guaranteed. They may be declared by the insurer from time to time, and actual benefits may differ from the illustrative values.
The product lists immediate cash bonus, deferred cash bonus where available, and paid-up additions. Deferred cash bonus is not available for Bright Future Maximiser and Golden Years Maximiser.
The official product page lists a maturity age of 85 years for the primary life insured, subject to the policy terms.
It depends on factors including age, gender, policy term, premium-paying term, premium amount and the selected bonus payout option.
Optional riders may be available, including accidental death benefit and permanent disability benefit riders. Check the current rider brochure for eligibility, cost and exclusions.
Surrender is governed by the policy contract. The amount payable can be lower than the total premiums paid, so review the current surrender provisions before buying.
No. The illustrated bonus rates are assumptions and are not guaranteed. Compare guaranteed benefits separately from non-guaranteed projections in the official benefit illustration.