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The document is an illustration of future benefits for an HDFC Life Sanchay(Spl) insurance policy. It provides details of the policyholder such as name and age. It then lists the policy details including commencement date, term, premium paying term, frequency and amount. The document illustrates potential maturity benefits, death benefits, and surrender values depending on assumed future investment returns of 4% or 8% annually. All benefits are shown in Indian Rupees. Upon receipt of benefits, the policy terminates.
The document is an illustration of future benefits for an HDFC Life Sanchay(Spl) insurance policy. It provides details of the policyholder such as name and age. It then lists the policy details including commencement date, term, premium paying term, frequency and amount. The document illustrates potential maturity benefits, death benefits, and surrender values depending on assumed future investment returns of 4% or 8% annually. All benefits are shown in Indian Rupees. Upon receipt of benefits, the policy terminates.
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The document is an illustration of future benefits for an HDFC Life Sanchay(Spl) insurance policy. It provides details of the policyholder such as name and age. It then lists the policy details including commencement date, term, premium paying term, frequency and amount. The document illustrates potential maturity benefits, death benefits, and surrender values depending on assumed future investment returns of 4% or 8% annually. All benefits are shown in Indian Rupees. Upon receipt of benefits, the policy terminates.
Copyright:
Attribution Non-Commercial (BY-NC)
Verfügbare Formate
Als PDF, TXT herunterladen oder online auf Scribd lesen
PREMIUM AND BENEFIT DETAILS ILLUSTRATION OF FUTURE BENEFITS This illustration has been produced by HDFC Standard Life Insurance Company Limited to help you understand the benefits of your HDFC Life Sanchay(Spl). These illustrations must be read in conjunction with the sales literature, which describes the features of this product. The values shown are for illustration only. What you actually receive will depend on what happens over the future lifetime of your policy. The assumed rate of investment return is usually particularly important as benefits may differ depending on the investment return. However, in this product, the Death Benefit and the Maturity Benefit do not vary with changing investment returns. The Illustration shows what you could get back using two assumed rates of investment return.These rates have been specified by the Life Insurance Council. Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your life insurance company. If your policy offers guaranteed returns then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of assumed investment returns. These assumed rates of return are not guaranteed and they are not 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. Guaranteed benefits are available provided all premiums are paid, when they are due. The illustrative benefits below assume that all premiums that are due have been paid. All amounts are in Indian Rupees. Illustrative Benefits on Maturity On the survival of the Life Assured until the Maturity date, the illustrative Maturity benefits are as shown below. Upon this payment, the policy terminates and no further benefit becomes payable. Illustrative Benefits on Death On the death of the Life Assured before the Maturity date the illustrative benefits are as shown below. Upon this payment, the policy terminates and no further benefit is payable. The benefits shown above are at the end of the year. Ver: 30(19)d-30.19-30 25-Jan-2014 - 23:26:14 Page 1 This is the official illustration issued by HDFC Standard Life Insurance Company Limited. Illustration of any other type is not supported by the company. Illustration for HDFC Life Sanchay(Spl) (UIN : 101N097V01) PERSONAL DETAILS Name Age Gender Life 1 ankur mittal 26 M POLICY DETAILS Date of Policy Commencement: 25-Jan-2014 Policy Term: 21 year(s) Premium Paying Term: 10 year(s) Premium Frequency: Annual Benefit Name Sum Assured (in Rs.) Benefit Term (years) Premium Paying Term (years) Premium (in Rs.) Taxes as applicable*# (in Rs.) Total Premium Main Benefit 1,824,920 21 10 240,000 7,416 247,416 Total Premium payable per Frequency: 240,000 7,416 247,416 Next premium Due Date 25-Jan-2015 * General Sales Tax (GST) in case of Jammu and Kashmir and Service Tax (including Education Cess) in all other cases. #The Service Tax & Education Cess on the Main Benefit premium for year two and subsequent years will be Rs.3720/-. Guaranteed Benefit Non-Guaranteed Benefit Total Maturity Benefit Assumed Investment Return Assumed Investment Return Date of Maturity Sanchay (Spl) 4% p.a. 8% p.a. 4% p.a. 8% p.a. 25-Jan-2035 5,274,042 0 0 5,274,042 5,274,042 Guaranteed Benefits Non-Guaranteed Benefit Total Death Benefit Benefit on Valid Claim Assumed Investment Return Assumed Investment Return Assumed Investment Return Policy Year 4% p.a. 8% p.a. 4% p.a. 8% p.a. 4% p.a. 8% p.a. 1 2,564,243 2,564,243 0 0 2,564,243 2,564,243 2 2,728,486 2,728,486 0 0 2,728,486 2,728,486 3 2,892,730 2,892,730 0 0 2,892,730 2,892,730 4 3,056,974 3,056,974 0 0 3,056,974 3,056,974 5 3,221,218 3,221,218 0 0 3,221,218 3,221,218 6 3,385,462 3,385,462 0 0 3,385,462 3,385,462 7 3,549,706 3,549,706 0 0 3,549,706 3,549,706 8 3,713,950 3,713,950 0 0 3,713,950 3,713,950 9 3,878,194 3,878,194 0 0 3,878,194 3,878,194 10 4,162,438 4,162,438 0 0 4,162,438 4,162,438 11 4,326,682 4,326,682 0 0 4,326,682 4,326,682 12 4,490,926 4,490,926 0 0 4,490,926 4,490,926 13 4,655,170 4,655,170 0 0 4,655,170 4,655,170 14 4,819,414 4,819,414 0 0 4,819,414 4,819,414 15 4,983,658 4,983,658 0 0 4,983,658 4,983,658 16 5,147,902 5,147,902 0 0 5,147,902 5,147,902 17 5,312,146 5,312,146 0 0 5,312,146 5,312,146 18 5,476,390 5,476,390 0 0 5,476,390 5,476,390 19 5,640,634 5,640,634 0 0 5,640,634 5,640,634 20 5,804,878 5,804,878 0 0 5,804,878 5,804,878 Illustrative Benefits on Surrender This contract is designed for long term savings and is not designed for short term investment. Should you need to surrender your policy in the short term, any surrender benefits may be less than the premium(s) you have paid. A policy may be surrendered after it acquires a guaranteed surrender value. Hence, Surrender Values are shown from year 3 onwards. Upon this payment, the policy terminates and no further benefit becomes payable. The values shown are for illustration only. What you actually receive will depend on what happens over the future lifetime of the policy. Depending on the prevailing market conditions, the surrender value may be revised. Benefits shown above are at the end of the year. If you would like help to understand this illustration, please speak to your Financial Consultant / Relationship Manager. TERMS AND CONDITIONS 1. The Premium and the Sum Assured stated above is based on the information provided. They may vary as a result of underwriting. 2. For details of the above benefits, please read the sales literature provided. 3. Any statutory levy or charges (such as Service Tax & Education Cess) 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. 4. UIN for HDFC Life Sanchay(Spl) - 101N097V01 Guaranteed Benefit Non-Guaranteed Benefit Total Surrender Benefit Assumed Investment Return Assumed Investment Return Policy Year Guaranteed Surrender Value 4% p.a. 8% p.a. 4% p.a. 8% p.a. 3 227,924 107,504 107,504 335,428 335,428 4 498,330 0 0 498,330 498,330 5 626,361 37,902 37,902 664,263 664,263 6 756,364 112,267 112,267 868,631 868,631 7 888,748 215,842 215,842 1,104,590 1,104,590 8 1,083,641 292,667 292,667 1,376,308 1,376,308 9 1,296,847 390,575 390,575 1,687,422 1,687,422 10 1,526,737 516,945 516,945 2,043,682 2,043,682 11 1,629,256 598,490 598,490 2,227,746 2,227,746 12 1,737,720 690,438 690,438 2,428,158 2,428,158 13 1,853,460 793,570 793,570 2,647,030 2,647,030 14 1,975,374 909,514 909,514 2,884,888 2,884,888 15 2,109,936 1,034,961 1,034,961 3,144,897 3,144,897 16 2,256,883 1,170,702 1,170,702 3,427,585 3,427,585 17 2,418,053 1,318,062 1,318,062 3,736,115 3,736,115 18 2,594,496 1,478,101 1,478,101 4,072,597 4,072,597 19 2,793,360 1,645,782 1,645,782 4,439,142 4,439,142 20 3,017,025 1,821,360 1,821,360 4,838,385 4,838,385 Financial Consultant's Signature: Customer's Signature: Financial Consultant's Name: Date: Financial Consultant's Code : Place: Business Development Manager's Name: