Loading...
Loading...
Kotak Guaranteed Fortune Builder is a non-linked, non-participating individual savings life insurance plan. It offers two broad choices: Long Term Income and Assured Wealth. The Long Term Income option is designed for policyholders who want a stream of guaranteed income after the applicable deferment period. The Assured Wealth option is designed for those who prefer a guaranteed lump-sum benefit at maturity. The available benefits and policy structure depend on the selected option, premium payment term, policy term and other applicable conditions. The plan also provides life insurance protection. Guaranteed benefits are payable only when the policy conditions are met and premiums are paid as required.
Choose Long Term Income for a regular income stream or Assured Wealth for a guaranteed lump-sum benefit
This plan may suit people who prefer defined savings benefits over market-linked returns and want life insurance protection alongside their savings. The Long Term Income option may be relevant when planning future cash flow, while Assured Wealth may suit a goal requiring a lump sum. Before choosing, compare the premium commitment, premium payment term, policy term, deferment period and benefit payout schedule. The official product page lists Long Term Income premium payment terms of 5, 7, 10, 11 or 12 years, with deferment periods from 1 to 5 years and income benefit periods of 15, 20 or 25 years. Assured Wealth offers single-pay and limited-pay structures. The minimum stated annual premium is ₹30,000. The exact guaranteed benefits depend on the chosen option and policy specifications, so use an official benefit illustration rather than assuming a fixed return. Tax treatment depends on applicable law and individual eligibility.
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
Provides a structured income benefit according to the selected policy configuration.
Income benefit periods listed by the insurer are 15, 20 or 25 years.
Offers a lump-sum benefit according to the selected option and policy terms.
Check the official benefit illustration for the applicable maturity benefit.
Provides a death benefit under the base policy, subject to the policy wording and applicable conditions.
Review the policy document for the exact death-benefit calculation.
Long Term Income offers 5, 7, 10, 11 and 12-year premium payment terms. Assured Wealth offers single pay and 5, 6, 7, 8 or 10-year payment terms.
Available combinations differ by plan option.
Long Term Income benefits can be configured for yearly, half-yearly, quarterly or monthly payment frequencies.
Installment amounts vary by the selected frequency.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Kotak Mahindra Life plans and claim process
It is a non-linked, non-participating individual savings life insurance plan with Long Term Income and Assured Wealth options.
No. It is a savings-oriented life insurance product, not a standalone term insurance plan.
The insurer lists a minimum premium of ₹30,000 per year. The amount applicable to a particular policy depends on the chosen option and payment structure.
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 two main options are Long Term Income and Assured Wealth. The first is structured around income benefits; the second is structured around a lump-sum benefit.
For Long Term Income, the insurer lists income benefit periods of 15, 20 or 25 years, subject to the applicable product conditions.
The listed frequencies are yearly, half-yearly, quarterly and monthly. The installment amount varies with the chosen frequency.
Long Term Income lists 5, 7, 10, 11 and 12-year terms. Assured Wealth lists single pay and limited-pay terms of 5, 6, 7, 8 or 10 years. Permitted combinations depend on the selected option.
The product advertises guaranteed benefits, subject to the policy remaining in force and premiums being paid as required. Refer to the official benefit illustration and policy wording for exact amounts and conditions.
Yes. The base plan includes life insurance protection. The precise death benefit is defined by the applicable policy terms.
The insurer lists optional riders for eligible policies and distribution channels. Rider availability and terms should be confirmed in the current product documents. Riders are not included automatically in the base plan.
The outcome depends on the policy status, premium payment history and applicable lapse, surrender or discontinuance provisions. Review the policy wording before stopping payments.
Tax treatment depends on applicable tax law and the policyholder’s circumstances. Consult a qualified tax adviser for guidance on your situation.