BEWARE OF SPURIOUS / FRAUD PHONE CALLS! Plan for guaranteed*, tax-free^ income to secure your future with HDFC Life Sanchay Plus. The company claims it to be a Sanchay (means save and grow) Plan with advantage. It safeguards one’s future plans from life’s uncertainties.” 60% higher term than HDFC. HDFC Life Sanchay Par Advantage offers limited premium payment options. Will my provident fund savings not be sufficient? Please update via My Account/service@hdfclife.com/18602679999/HDFC Life branch. How to choose the best child plan in 2016? You have an option to pay a premium for 5 years or 10 years. Most of these life insurance policies are available online, so buy one today and Sar Utha Ke Jiyo!. A. * You have an option to defer the Survival Benefit(s), arising out of declared Cash Bonuses and/ or Guaranteed Income and accrue them instead. This policy comes with a Grace Period of 15 days and 30 days for monthly frequency of premium payment and the grace period and for other frequencies of premium payment respectively. 08000006609 to get details on your Fund Value, BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS, HDFC Life Click 2 Invest-Ulip with 8 fund Options to invest in. B. Protect your family's future goals at just Rs. Please refer Product Brochure for details on Cash Bonus Rate. HDFC Life Insurance Company Limited. This is applicable only for Deferred Income Option. POLICY DOCUMENT-HDFCLIFE SANCHAY PAR ADVANTAGE Unique Identification Number: <<101N136V01>> Your Policy is a Non Linked Participating Life Insurance Plan. All ages mentioned above are age last birthday. You have an option to pay a premium for 5 years or 10 years. A Guide to understand the current market scenario. HDFC Life Sanchay par Advantage Plan is a non-linked, participating Life Insurance Plan. The maturity benefit is equal to Sum Assured on Maturity plus accrued Cash Bonuses (if not paid earlier), plus interim Survival Benefit (if any), plus Terminal Bonus (if declared). Where, Sum Assured on Maturity is total Annualized Premium payable under the policy during the premium payment term. HDFC Life Sanchay Par Advantage Insurance To help you achieve your goals, we present to you “HDFC Life Sanchay Par Advantage”, a life insurance solution which allows you to live an uncompromised life, whilst securing the future of your family and, ensuring you leave behind a legacy for them. Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Plan Now. HDFC SL Sanchay Plan is a traditional Endowment Plan with Guaranteed Benefits thereby enhancing savings and also providing life insurancecoverage 115 0 obj <>/Filter/FlateDecode/ID[<78D23CA8E6E5BF419806FC9FD112A76A>]/Index[95 37]/Info 94 0 R/Length 97/Prev 185504/Root 96 0 R/Size 132/Type/XRef/W[1 2 1]>>stream * After the end of Guarantee Period, the Cash Bonus payout will be INR 71,000 at 8% scenario and INR 2,500 at 4% scenario respectively. HDFC Life Sanchay Par Advantage Plan is a non-linked life insurance policy with participation benefits. CIN: L65110MH2000PLC128245, IRDAI Reg. Our unit-linked funds against their respective benchmarks. INVEST NOW. Please refer to the product brochure for details on benefits and conditions.For policies bought online, the benefits payable under both the plan options will be increased to 103% of those illustrated in the sample illustration. Cash Bonus payable = Cash Bonus Rate x Annualized Premium, Guaranteed Income is expressed as Guaranteed Income Rate x Annualized Premium. ARN: EC/06/2017/9856. It helps create a legacy for your loved ones by providing a lump sum at maturity. The policyholder will start receiving Guaranteed Income plus discretionary Cash Bonuses (if declared) in arrears one year after the end of Premium Payment Term. This is applicable only for Deferred Income Option. For all other ages, risk commences from the date of inception of the contract. HDFC Life Sanchay Plus ((UIN: 101N134V01) is a traditional insurance product offered by HDFC Life. h�b```f``rg`a``�fd@ A�+s|������x�����$ƩL� �BN�h�y���E���M�@FEF[[ZFZ:H��d���`q6|�H��9>{ �(�)�˛�b,{P�L9T���XELr�#�& �[;��1E��J8‱\X�2�t9н,)2@Z�E��~ A product like HDFC Life Sanchay Par Advantage is an example of innovative . Ramesh, 35 year old individual, pays premium of ` 1,15,5154 annually for 5 years in the HDFC Life Sanchay. Planning for retirement in 2016? Life cover with protection up to age 100 years; ... For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. HDFC Life Sanchay Plus plan is a non-linked policy that is insulated from market investment risks and assures guaranteed returns. The Survival Benefit can be paid out on an annual, half-yearly, quarterly or monthly basis. As per regulatory changes, it is mandatory to submit PAN/Form 60 (if PAN is not available) for your policy with immediate effect. Alterations: Rider term and sum assured cannot be altered. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited and is used by HDFC Life under a licence/agreement For more details on risk factors, associated terms and conditions and exclusions, please read the sales brochure carefully before concluding a sale. +91 or 00. design-thinking, customer centricity and value creation. The unique feature of this plan is that you will receive the advantages of this policy until you reach 100 years of age!! This snapshot of illustration is only for HDFC Life Sanchay Par Advantage for a healthy male life. HDFC Life Sanchay Par Advantage. 1000 p.m* with HDFC Life Click 2 Wealth. "In contrast, any contribution you make to HDFC Life Sanchay Plus gets you a tax benefit. ** Maturity Benefit comprises Sum Assured on Maturity (INR 8,00,000) and Terminal Bonus. An option that provides Guaranteed Income for a guarantee period2, and also provides regular income by way of cash bonuses (if declared) throughout the policy term. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. Plan for guaranteed*, tax-free^ income to secure your future with HDFC Life Sanchay Plus. A customer can choose their premium amount, premium payment term, and the income option based on their current needs and financial goals. Tax benefits are subject to changes in tax laws. HDFC Life Sanchay Par Advantage. To simplify the decision of when to buy an Investment Plan. Plan your financial aid for your retired life. Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, 5 Best Tax Saving Options & Plans for Financial Year 2016-17. D. Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. ^On survival, at the end of the policy term, receive lumpsum benefit as aggregate of: i) Sum Assured of Maturity ii) Accrued Guaranteed Additions. Please refer Product Brochure for details on Cash Bonus & Interim Survival Benefit, The maturity benefit is equal to Sum Assured on Maturity plus accrued Guaranteed Income and Cash Bonuses (if not paid earlier), plus interim Survival Benefit (if any), plus Terminal Bonus (if declared). %%EOF HDFC Life Insurance Company Limited. 1 crore at less than Rs. Yes, the accrued Survival Benefit can be withdrawn partly/ fully at any point during the Policy Term. Plan for guaranteed*, tax-free^ income to secure your future with HDFC Life Sanchay Plus. Life is all about enjoying every milestone with your family. Guaranteed Income Rate will be known to you at inception. The policyholder would be eligible to receive Cash Bonus (if declared) at the end of each Policy Year and payable from the 1st  policy year until death or end of policy term, whichever is earlier. The plan provides a holistic solution for you to generate a regular income and to build a corpus to achieve the planned goals and secure your loved one’s future, without any compromises. • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. They are taxed too. View Illustration (8).pdf from AC TAXATION at Uttar Pradesh Technical University. Yes, the Survival Benefit payouts can be deferred. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited). He chooses a policy term of 15 years. The maturity benefit is equal to Sum Assured on Maturity plus accrued Cash Bonuses (if not paid earlier), plus interim Survival Benefit (if any), plus Terminal Bonus (if declared). Cash Bonus payable = Cash Bonus Ratex Annualized Premium3. While the HDFC Sanchay Par Advantage offers whole-life cover, the amount of cover at best is 10 times the premium. Aim of the plan HDFC Life Sanchay Par Advantage is a participating life insurance plan that provides an option to avail cover for whole of life (till the age 100 years). The plan provides a holistic solution for you to generate a regular income and to build a corpus to achieve the … ^Risk commences from the first policy anniversary where age at entry is less than 1 year. The minimum Death Benefit shall be 105% of Total Premiums Paid4 as on date of death. In case of death of Life Assured during the policy term, the death benefit shall be equal to Sum Assured on Death plus Accrued Cash Bonuses (if not paid earlier), plus Interim Survival Benefit (if any), plus Terminal Bonus (if declared). You may be eligible for tax benefits as per prevailing tax laws under Income Tax Act, 1961. Guaranteed Income would be payable for 25 years or Policy Term minus (Premium Payment Term + 1) years, whichever is lower, subject to your survival during this period. Payout after 16 years in lump sum and total term is shorter than HDFC. Illustration of benefits for healthy male aged 30 years, who pays annualized premium of INR 1 Lac + Taxes throughout the premium paying term of 8 years and survives the policy term of 70 years. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. Insurance cover during complete policy term of 16 years. 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