04-12-2024
Quote No : qchivi7lp5lq2
Benefit Illustration for HDFC Life Sanchay Par Advantage
This illustration has been produced by HDFC Life Insurance Company Limited to help you understand the benefits of your HDFC Life Sanchay
Par Advantage policy
Name of the Prospect /Policy holder: Karthi VK Proposal No:
Age: 40 Name of the Product: HDFC Life Sanchay Par Advantage
Name of the Life Assured: Karthi VK A Non-Linked, Participating,
Tag Line:
Life Insurance Plan
Age: 40
Unique Identification No: 101N136V04
Policy Term 25 year(s)
GST Rate: 4.5%* for first year
Premium Payment Term: 12 year(s)
2.25%* second year onwards
Amount of Installment Premium: 25000
Mode of Payment of Premium: Annual
Mode of Payment of Survival Benefit: Annual
Timing of Payment of Survival Benefit: Arrear
How to read and understand this benefit illustration?
This benefit illustration is intended to show year wise premiums payable and benefits under the policy, at two assumed rates of interest i.e., 8% p.a. and 4% p.a.
"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
Policy Option Immediate Income Sum Assured on Maturity Rs. 3,00,000
Sum Assured on Death (at inception of the
Bonus Type Cash Bonus 3,00,000
policy) Rs.
Rider Details
Rider Name Rider UIN Rider PPT Rider PT Rider Sum Assured Rs.
HDFC Life Health Plus rider-Non Linked - Comprehensive CI-Classic 101B031V02 12 Years 12 Years 300000
Waiver Of Premium 101B032V02 12 Years 12 Years -
Premium Summary
Total
Base CI IB
PP Rider (PAC) PP Rider (ADC) HPR Rider (CCI) HPR Rider (CC) WOP Rider Installment
Plan Rider Rider
Premium
Instalment
Premium 25000 0 0 0 0 2092 0 964 28056
without GST
Instalment
Premium with 26125 0 0 0 0 2469 0 1138 29732
First Year GST
Instalment
Premium with
25563 0 0 0 0 2469 0 1138 29170
GST 2nd Year
Onwards
1/2
(Amounts in Rupees.)
Total Benefits
Guaranteed Benefits Non Guaranteed Benefits @ 4% p.a. Non-Guaranteed Benefits @ 8% p.a. including Guaranteed and Non-
Guaranteed Benefits
Guaranteed Guaranteed Total Total
Single / Total Total
Policy Surrender Surrender Death Death
Annualized Surrender Surrender Maturity Maturity
Year Value Value Benefit Benefit
Premium Special Value Special Value Benefit, Benefit,
Survival Surrender Death Maturity Cash (Net of Cash (Net of incl of incl of
GA RB Surrender Payable RB Surrender Payable incl TB, incl TB,
Benefit Benefit Benefit Benefit Bonus Cash Bonus Cash TB, if TB, if
Value# (Higher of Value# (Higher of if any, if any,
Bonus Bonus any, @ any, @
10 & 11) 15 & 16) @ 4% @ 8%
already already 4% 8%
(7+TB) (7+TB)
paid) paid) (6+TB) (6+TB)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
1 25,000 0 0 0 3,00,000 0 0 6,125 0 4,568 4,568 0 9,750 0 4,568 4,568 0 0 3,00,000 3,00,000
2 25,000 0 0 15,000 3,00,000 0 0 6,125 2,750 9,800 9,800 0 9,750 0 9,800 9,800 0 0 3,00,000 3,00,000
3 25,000 0 0 26,250 3,00,000 0 0 6,125 7,875 15,770 15,770 0 9,750 0 15,770 15,770 0 0 3,00,000 3,00,000
4 25,000 0 0 50,000 3,00,000 0 0 6,125 25,500 24,807 25,500 0 9,750 11,000 22,557 22,557 0 0 3,00,000 3,00,000
5 25,000 0 0 62,500 3,00,000 0 0 6,125 31,875 37,248 37,248 0 9,750 13,750 30,748 30,748 0 0 3,00,000 3,00,000
6 25,000 0 0 75,000 3,00,000 0 0 6,125 38,250 51,688 51,688 0 9,750 16,500 44,188 44,188 0 0 3,00,000 3,00,000
7 25,000 0 0 87,500 3,00,000 0 0 6,125 44,625 68,733 68,733 0 9,750 19,250 60,233 60,233 0 0 3,00,000 3,00,000
8 25,000 0 0 1,16,000 3,00,000 0 0 6,125 67,000 88,244 88,244 0 9,750 38,000 79,244 79,244 0 0 3,00,000 3,00,000
9 25,000 0 0 1,46,250 3,00,000 0 0 6,125 91,125 1,10,597 1,10,597 0 9,750 58,500 1,01,597 1,01,597 0 0 3,00,000 3,00,000
10 25,000 0 0 1,82,500 3,00,000 0 0 6,125 1,21,250 1,35,676 1,35,676 0 9,750 85,000 1,27,676 1,27,676 0 0 3,00,000 3,00,000
11 25,000 0 0 2,20,000 3,00,000 0 0 6,125 1,52,625 1,63,882 1,63,882 0 9,750 1,12,750 1,57,632 1,57,632 0 0 3,00,000 3,00,000
12 25,000 0 0 2,70,000 3,15,000 0 0 6,125 1,96,500 1,95,085 1,96,500 0 9,750 1,53,000 1,92,085 1,92,085 0 0 3,15,000 3,15,000
13 0 0 0 2,70,000 3,15,000 0 0 6,125 1,90,375 2,08,149 2,08,149 0 9,750 1,43,250 2,08,899 2,08,899 0 0 3,15,000 3,15,000
14 0 0 0 2,70,000 3,15,000 0 0 6,125 1,84,250 2,10,342 2,10,342 0 9,750 1,33,500 2,15,842 2,15,842 0 0 3,15,000 3,15,000
15 0 0 0 2,70,000 3,15,000 0 0 6,125 1,78,125 2,12,716 2,12,716 0 9,750 1,23,750 2,23,216 2,23,216 0 0 3,15,000 3,15,000
16 0 0 0 2,70,000 3,15,000 0 0 6,125 1,72,000 2,15,085 2,15,085 0 9,750 1,14,000 2,31,085 2,31,085 0 0 3,15,000 3,15,000
17 0 0 0 2,70,000 3,15,000 0 0 6,125 1,65,875 2,17,767 2,17,767 0 9,750 1,04,250 2,39,517 2,39,517 0 0 3,15,000 3,15,000
18 0 0 0 2,70,000 3,15,000 0 0 6,125 1,59,750 2,20,338 2,20,338 0 9,750 94,500 2,48,838 2,48,838 0 0 3,15,000 3,15,000
19 0 0 0 2,70,000 3,15,000 0 0 6,125 1,53,625 2,23,382 2,23,382 0 9,750 84,750 2,58,632 2,58,632 0 0 3,15,000 3,15,000
20 0 0 0 2,70,000 3,15,000 0 0 6,125 1,47,500 2,26,243 2,26,243 0 9,750 75,000 2,69,493 2,69,493 0 0 3,15,000 3,15,000
21 0 0 0 2,70,000 3,15,000 0 0 6,125 1,41,375 2,29,270 2,29,270 0 9,750 65,250 2,81,270 2,81,270 0 0 3,15,000 3,15,000
22 0 0 0 2,70,000 3,15,000 0 0 6,125 1,35,250 2,40,578 2,40,578 0 9,750 55,500 2,93,828 2,93,828 0 0 3,15,000 3,15,000
23 0 0 0 2,70,000 3,15,000 0 0 6,125 1,29,125 2,58,790 2,58,790 0 9,750 45,750 3,07,540 3,07,540 0 0 3,15,000 3,15,000
24 0 0 0 2,70,000 3,15,000 0 0 6,125 1,23,000 2,78,546 2,78,546 0 9,750 36,000 3,22,046 3,22,046 0 0 3,15,000 3,22,046
25 0 0 0 0 3,15,000 3,00,000 0 6,125 0 0 0 0 9,750 0 0 0 3,00,000 3,71,250 3,15,000 3,71,250
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. When Timing of Payment of Survival Benefit is "Arrear", the survival benefits shown above are payable at the end of the Mode of Payment of Survival Benefit.
When Timing of Payment of Survival Benefit is chosen as "Advance", the survival benefit shown above are payable at the beginning of the Mode of Payment of Survival Benefit. First payout shall
be made within 7 working days from i) the realization of the first premium or ii) policy issuance, whichever is later. Subsequent payouts shall be made within 7 working days from i) realization of
renewal premium or ii) survival benefit payout date, whichever is later
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 maturity benefit shown above is payable at the end of the Policy Term. Upon payment of maturity benefit, the policy terminates and no further benefits become payable.
6. The Premium and the Sum Assured on Maturity stated above is based on the information provided. They may vary as a result of underwriting.
7. 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.
8. RB - Reversionary Bonus, TB - Terminal Bonus, GA - Guaranteed Additions
# Special Surrender Value is subject to change incase of change in G-Sec yields
I DINESHKUMAR P T, have explained the premiums and benefits under the product fully to I Karthi VK,having received the information with respect to the above, have understood the
the prospect / policy holder. above statement before entering into the contract.
Place:
Date: Signature of Agent /Intermediary / Official Date: Signature of Prospect / Policyholder
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