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Overview
Kotak Guaranteed Fortune Builder is a comprehensive savings plan that helps you protect your family’s future and fulfill your financial goals. It offers guaranteed benefits with multiple plan options for wealth creation, short-term or long-term income, and protecting your child's future with guaranteed payouts. This investment plan provides a liquidity option to encash the cash value of guaranteed yearly additions. You can also add your spouse to the same plan for dual coverage. Female policyholders can avail of a 1-year premium break during the premium payment term. The plan also includes inbuilt health and wellbeing management services like consultation, medical care, and home healthcare at no additional charges.
Key Benefits of Kotak Guaranteed Fortune Builder Plan
- Stay protected with a life cover for the entire policy term.
- The plan offers multiple guaranteed benefits to meet your different needs.
- Get inbuilt health and wellbeing management services at no extra charge.
- The plan allows you to encash the cash value of guaranteed yearly additions.
- Female policyholders can avail of a 1-year premium break during the premium payment term.
- Under the spouse cover feature, you can add your spouse under the same plan for an additional premium.
How to Buy Kotak Guaranteed Fortune Builder Plan on PolicyX.com
- Visit the official website of PolicyX.com.
- Click on the ‘Investment’ tab.
- A new page will appear on the screen.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Benefits of Kotak Guaranteed Fortune Builder Policy
There are various benefits to buying the Kotak Guaranteed Fortune Builder Plan. Let’s understand each of them in detail:
- Death Benefits: Upon your unfortunate death during the policy term, the death benefit amount shall be payable to your nominee under all options.
- Maturity Benefit: The plan offers the flexibility to choose to receive annual income under the guaranteed, lifelong, and long-term income options. Once you survive till the end of the policy term and all due premiums have been paid, the maturity benefit shall be payable to you under all plan options.
- Spouse Cover: With this feature, you can add your spouse under the same plan and get coverage for two people by paying an additional premium. This feature is available for all plan options and can be added while buying a policy, but cannot be changed during the policy term. The spouse's life cover can range from 50% to 100% of the sum assured on death. It will automatically terminate at the end of the policy term or when the spouse attains the age of 75 years.
- Guaranteed Income: Guaranteed income is a percentage of annualized premiums payable to you in installments during the income benefit period. You can opt for the guaranteed income benefit under long-term and early income plan options.
How to Buy Kotak Guaranteed Fortune Builder Policy from Kotak Life Insurance
- Visit the official website of Kotak Life Insurance.
- Hover over 'Investment Plans' from the top menu.
- Click on 'Kotak Guaranteed Fortune Builder Policy'.
- Click on ‘Buy Now’ and you will be redirected to a new page.
- Enter your name and contact information. A representative will reach out to you to discuss quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Death due to consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy Kotak Guaranteed Fortune Builder Policy
Here is the list of documents required to buy the Kotak Guaranteed Fortune Builder Policy:
- Photo ID Proof: Any one of Passport, Aadhaar card, PAN card, Driving license.
- Age Proof: Any one of Passport, Aadhaar card, PAN card, Driving license.
- Address Proof: Any one of Utility bill, passport, voter ID, ration card.
- Medical Records: Medical records of the policyholder if requested.
- Income Proof: Any one of Bank statement, last three months' salary slips (if salaried).
Plan at a Glance
| What’s Good Here | What’s Missing |
|---|---|
| Guaranteed Benefits | Premium Offset |
| Guaranteed Income | High Sum Assured Rebate |
| Premium Break | Top-up Premium |
| Spouse Cover | Whole Life Cover |
In a Nutshell
Kotak Guaranteed Fortune Builder is a comprehensive savings plan that helps you create wealth with multiple plan options. Whether you want income for short-term or long-term goals or to protect your child's future with guaranteed payouts, this plan can help. Investing in an insurance plan is a very important decision. Therefore, you can reach out to us and get free insurance-related advice from top insurance experts.
