1) Rahul Agrawal is purchasing the plan at age 35 for a policy term of 15 years and premium paying term of 5 years. The annual premium is Rs. 100,000.
2) The sum assured on maturity is Rs. 98,1100. The death benefit from inception is Rs. 1,000,000.
3) Over the 15 year policy term, the document outlines the annual premiums, guaranteed and non-guaranteed maturity and surrender benefits. At the end of the term, Rahul will receive the guaranteed maturity benefit of
1) Rahul Agrawal is purchasing the plan at age 35 for a policy term of 15 years and premium paying term of 5 years. The annual premium is Rs. 100,000.
2) The sum assured on maturity is Rs. 98,1100. The death benefit from inception is Rs. 1,000,000.
3) Over the 15 year policy term, the document outlines the annual premiums, guaranteed and non-guaranteed maturity and surrender benefits. At the end of the term, Rahul will receive the guaranteed maturity benefit of
1) Rahul Agrawal is purchasing the plan at age 35 for a policy term of 15 years and premium paying term of 5 years. The annual premium is Rs. 100,000.
2) The sum assured on maturity is Rs. 98,1100. The death benefit from inception is Rs. 1,000,000.
3) Over the 15 year policy term, the document outlines the annual premiums, guaranteed and non-guaranteed maturity and surrender benefits. At the end of the term, Rahul will receive the guaranteed maturity benefit of
1) Rahul Agrawal is purchasing the plan at age 35 for a policy term of 15 years and premium paying term of 5 years. The annual premium is Rs. 100,000.
2) The sum assured on maturity is Rs. 98,1100. The death benefit from inception is Rs. 1,000,000.
3) Over the 15 year policy term, the document outlines the annual premiums, guaranteed and non-guaranteed maturity and surrender benefits. At the end of the term, Rahul will receive the guaranteed maturity benefit of
Benefit Illustration for HDFC Life Sanchay Fixed Maturity Plan(spl)
This Illustration has been produced by HDFC Life Insurance Company Limited to help you understand the benefits of your HDFC Life Sanchay Fixed Maturity Plan(spl) DETAILS Name of the Prospect/Policyholder: Rahul Agrawal Proposal No: NA HDFC Life Sanchay Fixed Maturity Age: 35 Name of Product: Plan(spl) A Non-Linked,Non- Name of Life Assured 1: Rahul Agrawal Tag Line: Participating,Individual,Savings,Life Insurance Plan Age: 35 Unique Identification No: 101N142V01 Sex: M GST Rate: 4.5% for first year Policy Term: 15 2.25% second year onwards Premium Paying Term: 5 Amount of Instalment Premium Rs.100000 (Without GST):
Mode of Payment of Premium: Annual
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Policy Option Single Life
Death Benefit(at Sum Assured on Maturity 1000000 981100 inception of the policy) Rs. Rs. Premium Summary
PP PP Total Base Plan CI Rider IB Rider PP Rider (PAC) Rider Rider Instalment (ADC) (CC) Premium
Instalment Premium with First Year GST 1,04,500 0 0 0 0 0 1,04,500
Instalment Premium with GST 2nd Year Onwards 1,02,250 0 0 0 0 0 1,02,250
(Amount in Rupees) Policy Year Single/ Guaranteed Non-Guaranteed Annualized Survival Benefits / Other benefits Maturity Benefit Death Benefit Min Special Surrender Value Premium Loyalty Additions (if any) Guaranteed Surrender Value
1 100000 0 0 0 1000000 0 0
2 100000 0 0 0 1000000 60000 60000
3 100000 0 0 0 1000000 105000 105000
4 100000 0 0 0 1000000 200000 296606
5 100000 0 0 0 1000000 250000 404998
6 0 0 0 0 1000000 250000 442476
7 0 0 0 0 1000000 250000 483486
8 0 0 0 0 1000000 280000 528126
9 0 0 0 0 1000000 305000 576985
10 0 0 0 0 1000000 335000 630357
11 0 0 0 0 1000000 365000 688732
12 0 0 0 0 1000000 395000 752406
13 0 0 0 0 1000000 420000 821966
14 0 0 0 0 1000000 450000 898001
15 0 0 0 981100 1000000 0 0
Notes: 1. Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods & Service Tax. Refer Sales Literature for explanation of terms used in this illustration. 2. The maturity benefit is payable at the end of the policy year. Upon payment of the maturity benefit, the policy terminates and no further benefits become payable. 3. The death benefits shown above are at the end of the year. Upon payment, of death benefit the policy terminates and no further benefit is payable. 4. The surrender benefits shown above are at the end of the year. Upon payment of surrender benefit, the policy terminates and no further benefit becomes payable. 5. The Premium and the Sum Assured on Maturity stated above is based on the information provided. They may vary as a result of underwriting. 6. Any statutory levy or charges (such as Goods and Service tax) including any indirect tax may be charged to the Policyholder either now or in future by the company and such amount so charged shall become due and payable and shall be subject to the same terms and conditions as applicable to payment of premium.
I , have explained the premiums and benefits under the policy fully to the prospect / I Rahul Agrawal,having received the information with respect to the above, have policyholder. understood the above statement before entering into the contract.
Place:
Date: Signature of Agent /Intermediary / Official Date: Signature of Prospect / Policyholder
