06-03-2025
Quote No : qcm8vkht42020
Benefit Illustration for HDFC Life Sanchay Aajeevan Guaranteed Advantage
This Illustration has been produced by HDFC Life Insurance Company Limited to help you understand the benefits of your HDFC
Life Sanchay Aajeevan Guaranteed Advantage
Life Coverage Name Age Gender
Single Life sd 54 M
Joint Life kj 32 M
Age is taken as on last birthday
Plan Option Future Secure Proposal No: NA
Variant 1 - Without Guaranteed Income HDFC Life Sanchay Aajeevan Guaranteed
Variant Name of Product:
Variant Advantage
A Non linked, Non-Participating, Individual,
GR*-II 7% Tag Line:
Savings, Pension Plan
Policy Term: 20 Years Unique Identification No: 101N208V01
Premium Payment Term: 12 Years GST Rate: 4.5% for first year
Amount of Instalment Premium
Rs.100000 2.25% second year onwards
(Without GST):
Mode of Premium Payment: Annual Vesting Age 1: 74
Guaranteed Rate of income, if Variant 2
NA Vesting Age 2: 52
Opted
Income Option, if Variant 2 opted NA
Derferment Period, if Variant 2 Opted NA
Income Payout Frequency, if Variant 2
NA
Opted
*Death Benefit = Premiums Paid accumulated at GR (Guaranteed Rate of Return)
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy Details
Plan Option Future Secure Sum Assured on vesting Rs. 1144545
Sum Assured on Death
Sub-Option NA 105000
(at inception of the policy) Rs.
Premium Summary
Base Plan Riders Total Instalment Premium
Instalment Premium without GST 1,00,000 NA 1,00,000
First year Premium
Instalment Premium with First Year GST 1,04,500 NA 1,04,500
Instalment Premium without GST 1,00,000 NA 1,00,000
Second year Premium
Instalment Premium with GST 2nd Year Onwards 1,02,250 NA 1,02,250
Premiums mentioned above are net of all the discounts
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(Amount in Rupees)
Policy Year(1) Single/ Guaranteed Benefits Non Guaranteed Benefits Surrender Value Payable(9)
Annualized
Survival Benefits / Other benefits Maturity/Vesting Benefit(5) Death Benefit(6) Guaranteed Special Surrender Value(8)
Premium(2)
Loyalty Additions(3) (if any)(4) Surrender
Value(7)
1 1,00,000 0 0 0 1,07,000 0 27,181 27,181
2 1,00,000 0 0 0 2,21,490 60,000 63,172 63,172
3 1,00,000 0 0 0 3,43,994 1,05,000 1,09,510 1,09,510
4 1,00,000 0 0 0 4,75,074 2,00,000 1,67,955 2,00,000
5 1,00,000 0 0 0 6,15,329 2,77,469 2,40,525 2,77,469
6 1,00,000 0 0 0 7,65,402 3,54,938 3,29,528 3,54,938
7 1,00,000 0 0 0 9,25,980 4,32,407 4,37,611 4,37,611
8 1,00,000 0 0 0 10,97,799 5,33,876 5,67,805 5,67,805
9 1,00,000 0 0 0 12,81,645 6,50,345 7,23,589 7,23,589
10 1,00,000 0 0 0 14,78,360 7,64,814 9,08,951 9,08,951
11 1,00,000 0 0 0 16,88,845 8,85,283 11,28,477 11,28,477
12 1,00,000 0 0 0 19,14,064 10,23,753 13,87,444 13,87,444
13 0 0 0 0 20,48,049 10,87,222 14,96,842 14,96,842
14 0 0 0 0 21,91,412 11,50,691 16,15,995 16,15,995
15 0 0 0 0 23,44,811 12,26,160 17,45,982 17,45,982
16 0 0 0 0 25,08,948 12,89,629 18,88,048 18,88,048
17 0 0 0 0 26,84,574 13,53,098 20,43,628 20,43,628
18 0 0 0 0 28,72,494 14,28,567 22,14,390 22,14,390
19 0 0 0 0 30,73,569 14,92,036 24,02,278 24,02,278
20 0 0 0 26,09,562 32,88,719 15,19,505 26,09,563 26,09,563
Annuity Payable p.a. based on prevailing annuity rates (Rs) 61932
HDFC Life Smart Pension Plus, Option B - Joint Life Annuity with Return of 100% of
Annuity Options Selected (the option can be changed anytime before vesting)
Premium Paid
Annuity Payable p.a. as Guaranteed at Inception NA
Annuity Options Selected (the option can be changed anytime before vesting) NA
Notes:
1. Annualized / Single Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods & Service Tax.
2. Refer Sales Literature for explanation of terms used in this illustration.
3. The maturity / vesting benefit payable at the end of the policy term includes the vesting booster (applicable for Variant 2 - With guaranteed income variant only).
4. If Variant 2 - With guaranteed income variant is not exercised at the time of vesting, upon payment of the Maturity/Vesting benefit the policy terminates and no further benefits
become payable.
5. 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.
6. 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.
7. For Variant 1- Without Guaranteed income variant, the Annuity Payable shown above is calculated considering 40% of the vesting benefit is annuitized, and is for illustration
purpose only. The actual annuity amount receivable depends on the prevailing annuity rates at the time of vesting. For Variant 2, the Annuity Payable shown above is calculated
considering <<40%/60%/80%>> of the vesting benefit is annuitized, and is guaranteed at inception.
8. Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. HDFC Life Insurance Company Ltd. does not
assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
9. Death Benefit will be floored to the surrender value.
I UPENDRANATH BHATTACHARYA, have explained the premiums charges and benefits under I sd ,having received the information with respect to the above, have understood the above
the policy fully to the prospect / policy holder. statement before entering into the contract.
Place:
Date: Signature of Agent /Intermediary / Official
Date: Signature of Prospect / Policyholder
Note: Kindly note that name of the company has changed from "HDFC Standard Life Insurance Company Limited" to "HDFC Life Insurance Company Limited".
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Customer Declaration for HDFC Life Sanchay Aajeevan Guaranteed Advantage (UIN: 101N208V01)
I hereby declare that, as of the date of this declaration, I/We do not have any history of, have never suffered from or currently suffering from or consulted doctor or taking
medication for or hospitalized/advised hospitalization for treatment of medical conditions such as, but not limited to, high blood pressure, chest pain, dyslipidemia, heart
attack or any other heart condition; stroke, transient ischemic attack or any other cerebrovascular disease; diabetes, thyroid disorder or any other endocrinal disease;
kidney disease; HIV / AIDS or AIDS related complex; any cancer or tumor; tuberculosis, asthma or any other respiratory disease; depression, epilepsy, any mental,
psychiatric or nervous disease; hepatitis or any other liver disease; blood disorders; Gastro-intestinal, digestive and bowel disorders; paraplegia, paralysis, arthritis, back
problems, physical disability or any other disorder of the bones, spine or muscle; any other disease, disorder or disability, not mentioned above and excluding minor
impairment such as common cough or cold. I/We have never undergone or expect to undergo any surgical procedure for any illness, ailment, disease or disability which is
affecting my day to day activities. I/We are neither currently consuming nor consumed narcotics, any such other substance whether prescribed or not. In the last 5 years 1.
I/We do not have any recurrent medical condition or physical disability or illness or injury resulting into keeping way from work for more than one week in last 5 years. 2.
I/We have not received any form of medication for more than 7 consecutive days or been absent from work for more than 7 days.
I/We further declare that, as of the date of this declaration, I/We do not engage or intend to engage in any business, sport or occupation of a hazardous nature. I declare
that, I/We do not have any history of conviction under any criminal proceedings in India or abroad.
I/We additionally declare that I/we have not submitted an application for more than 1 policy under Future Secure Option and may be liable for cancellation of subsequent
policies if issued.
Additional declaration For Female Lives: I/We further declare that presently I/We am/are not pregnant or I/We do not have a history in the past of an abortion, miscarriage
or caesarean section due to complications during pregnancy or due to any other cause, I/We have not given birth to a child with any congenital disorder such as Down
Syndrome, congenital heart disease, etc and I/We have not ever had any disease of breast, uterus, cervix, ovaries or any other part of the reproductive system.
Important Note: Any misstatement or suppression of material fact may be liable for rejection of the proposal form and the contract of insurance shall be treated null & void. It
may also lead to rejection of the claim on death of the life assured.
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