In a life with no guarantees,
get assured benets
Single pay
option available
Higher deferment
period upto 10 years
Shorter Premium
Paying Terms for
Income Options
Guaranteed*
Benet Payouts
A Non-Participating, Non-Linked Savings Insurance Plan
Sanchay Plus
* Provided all due premiums have been paid and the policy is in force.
Life becomes more meaningful with the achievement of personal milestones which you have planned for. But these
milestones are often accompanied by added responsibilities, expenses and the burden of any uncertainty happening.
We do our best to ensure that the nancial security is achieved through meticulous planning for key life stages such as
marriage, parenthood, retirement, etc. Life Insurance plan can help you achieve such goals whilst safeguarding the
family’s future against the unforeseen events.
While there are many opportunities that come with respective benets, the assurance and convenience that a life
insurance plan with guaranteed benet oers is irreplaceable.
We at HDFC Life bring to you “HDFC Life Sanchay Plus”, a plan that oers guaranteed returns for you and your family.
KEY FEATURES OF HDFC LIFE SANCHAY PLUS
Guaranteed benets – Rest assured of the returns
Tax benets – You may be eligible for tax benets as per prevailing tax laws
Flexibility – Guaranteed benets as a lump sum or as regular income
Life Long Income option – Guaranteed income till age 99 years
Long Term Income option – Guaranteed Income for a xed term of 25 to 30 years
Optional Riders – Enhance your protection coverage with rider options on payment of additional premium
ELIGIBILITY
Eligibility Criteria
Age at Entry Age (years)
Age at Maturity (years)
Minimum instalment
Premium
Maximum instalment
Premium
Riders
Guaranteed Income
Guaranteed Maturity
Life Long Income
Long Term Income
Guaranteed Income
Guaranteed Maturity
Life Long Income
Long Term Income
30 days
30 days
50
3
18
18
55 years
18 years
85
80
85
75
60
60
65
65
All Options
Single Pay: ` 30,000
Annual : ` 30,000
Half yearly: ` 15,000
Quarterly: ` 7,500
Monthly: ` 2,500
No limit, subject to Board Approved
Underwriting Policy (BAUP)
HDFC Life Income Benet on Accidental
Disability Rider (101B013V03)
HDFC Life Critical Illness Plus
Rider (101B014V02)
HDFC Life Protect Plus Rider (101B016V01)
HDFC Life Health Plus Rider (101B031V01)
HDFC Life Waiver of Premium Rider (101B032V01)
All Options
All Options
Plan Option Minimum Maximum
Premium payable at other than Annual frequency shall be calculated by multiplying the Annual Premium by Conversion Factor:
Frequency
Half-yearly
Quarterly
Monthly
0.5100
0.2600
0.0875
Conversion Factor
ELIGIBILITY CRITERIA For POSP Variant
Eligibility Criteria
Age at Entry Age (years)
Age at Maturity (years)
Minimum instalment
Premium
Guaranteed Income
Guaranteed Maturity
Life Long Income
Long Term Income
Guaranteed Income
Guaranteed Maturity
Life Long Income
Long Term Income
30 days
30 days
50
3
18
18
55
18
60
60
60
60
65
All Options
Annual:
Single Pay: ` 30,000
` 30,000
Half yearly: ` 15,000
Quarterly: ` 7,500
Monthly: ` 2,500
Maximum instalment
Premium
Maximum premium is subject to maximum Sum
Assured on Death of ` 25,00,000.
The acceptance of any case is subject to Board
approved underwriting policy.
All Options
Riders NoneAll Options
Plan Option Minimum Maximum
1. Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest on the Life Assured
on attainment of age 18 years
All ages mentioned above are age last birthday.
The minimum premium amounts are exclusive of taxes and levies as applicable.
HOW THIS PLAN WORKS?
Options
Guaranteed
Maturity
Single Pay
5 years
6/ 7/ 8/ 9/ 10 years
5 to 20 years
10 to 20 years
12 to 20 years
Maturity benet paid as lump sum
at the end of the Policy Term
doirePtuoyaPPolicy TermPremium Paying Term
HDFC Life Sanchay Plus allows you to choose from four benet options depending upon your life stage and your
priorities in life. The option once chosen cannot be altered.
BENEFITS IN DETAIL
This section details the benets payable during the policy term and payout period as per the option chosen. Premium
excludes taxes, extra premium on account underwriting or payment frequency and rider premiums, if any.
PLAN OPTION – GUARANTEED MATURITY
Maturity Benet:
This option oers a guaranteed maturity benet payable as lump sum at the end of policy term upon payment of all due
premiums and the life assured surviving the policy term.
Pay premium during the premium payment term
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Get Guaranteed Benet at maturity
Options
Guaranteed
Income
Life Long
Income
Long Term
Income
7 years
8 years
9 years
10 years
11 years
12 years
Single Pay 5 to 20 years
5 years 5 to 15 years
6 years 6 to 15 years
7 to 15 years
8 to 15 years
9 to 15 years
10 to 20 years
11 to 20 years
12 to 20 years
5 years 5 to 15 years
Single Pay 5 to 10 years
doirePtuoyaPPolicy TermPremium Paying Term
Maturity benet paid as a guaranteed
income for a xed term of 10 or 12 years
starting from (Policy Term + 1)th year in
arrears.
Single Pay
5 years
6 years
7 years
8 years
9 years
10 years
11 years
12 years
5 to 15 years
5 to 15 years
6 to 15 years
7 to 15 years
8 to 15 years
9 to 15 years
10 to 15 years
11 to 15 years
12 to 15 years
Maturity benet paid as a guaranteed
income for a xed term of 25 or 30 years
starting from (Policy Term + 1)th year in
arrears.
6 years 6 to 15 years
7 years 7 to 15 years
8 years 8 to 15 years
9 years 9 to 15 years
10 years 10 to 20 years
11 years 11 to 20 years
12 years 12 to 20 years
Maturity benet paid as a guaranteed
income from (Policy Term + 1)th year in
arrears till individual attains age 99 years.
The maturity benet is equal to Guaranteed Sum Assured on Maturity plus accrued Guaranteed Additions.
Where, Guaranteed Sum Assured on Maturity shall be equal to Single Premium in case of Single Pay Policy and equal to
total Annualized Premium payable under the policy during the premium payment term in case of Limited Pay Policy.
Guaranteed Additions (GA) will accrue at every policy anniversary as detailed below
• For Single Pay; from year 2 onwards
• For PPT 5 years GA will start accruing from year 6 onwards
• For PPT 6, 7 & 8 GA will start accruing from year 7 onwards
• For PPT 9 & 10 GA will start accruing from year 8 onwards
Please refer Guaranteed Additions mentioned under section “TERMS & CONDITIONS” below
์ Annualized Premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra
premiums and loadings for modal premiums, if any.
ํ Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
Death Benet:
In case of death of Life Assured during the policy term, the death benet equal to Sum Assured on Death plus
Accrued Guaranteed Additions shall be payable to the nominee.
Sum Assured on Death is the highest of:
10 times the Annualized Premium
1
/ 1.25 times the Single Premium, or
105% of Total Premiums paid
2
, or
Guaranteed Sum Assured on Maturity, or
an absolute amount assured to be paid on death, which is equal to the Sum Assured.
Sum Assured shall be equal to the applicable Death Benet Multiple times the Annualized/ Single Premium. The
applicable Death Benet Multiples are specied below.
Upon the payment of the death benet, the policy terminates and no further benets are payable.
PLAN OPTION – GUARANTEED INCOME
Maturity Benet:
This option pays you a maturity benet in the form of Guaranteed Income for xed term of 10 or 12 years upon payment
of all due premiums and life assured surviving the policy term.
The amount of guaranteed income^ shall be equal to the percentage of Annualized / Single Premium depending upon
the Premium Payment Term and Policy Term
^An additional income is payable in case of higher premium amount, please refer to the Enhanced Benefit for High Premium Policies
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
Pay premium during the
premium payment term
Get Guaranteed Income
during the payout period
On the maturity date, you shall have an option to receive the Guaranteed Sum Assured on Maturity, which under this
option, shall be the present value of future payouts, discounted at a rate of 9% p.a. This interest rate is not guaranteed.
However, any change in the interest rate will be subject to prior approval of the Authority and will be applicable only to
the policies sold after the date of change.
At any point of time during the Payout Period, you shall have an option to receive the future income as a lump sum,
which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest
rates described below.
On death of the Life Assured during the Payout Period, the nominee shall continue receiving Guaranteed Income as per
Income Payout Frequency & benet option chosen till the end of Payout Period. The nominee shall have an option to
receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which
is computed using the prevailing interest rates as described below.
Death Benet:
In case of death of Life Assured during the policy term, the death benet equal to Sum Assured on Death shall be
payable to the nominee.
Sum Assured on Death is the highest of:
10 times the Annualized Premium / 1.25 times the Single Premium,or
105% of Total Premiums paid, or
Premiums paid accumulated at an interest of 5% p.a. compounded annually, or
Guaranteed Sum Assured on Maturity, or
an absolute amount assured to be paid on death, which is equal to the Sum Assured
Sum Assured shall be equal to the applicable Death Benet Multiple times the Annualized / Single Premium. The
applicable Death Benet Multiples are specied below.
Upon the payment of the death benet, the policy terminates and no further benets are payable.
^An additional income is payable in case of higher premium amount, please refer to the Enhanced Benefit for High Premium Policies
PLAN OPTION – LIFE LONG INCOME
Maturity Benet:
This option oers a benet of a guaranteed income up to age 99 years and a return of premium at the end of payout
period upon payment of all due premiums and life assured surviving the policy term.
Get Guaranteed Income up to age 99
Pay premium during the
premium payment term
Return of Total premiums paid
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14
- - - - - - - - - - - - - - - - - -
age 99
The amount of guaranteed income^ shall be equal to the percentage of Annualized / Single Premium depending on
the Premium Payment Term and Policy Term.
At the end of the Payout Period, the policy terminates by returning Total Premiums paid.
On the maturity date, you shall have an option to receive the Guaranteed Sum Assured on Maturity, which under this
option, shall be the present value of future payouts, discounted at a rate of 9% p.a. This interest rate is not guaranteed.
However, any change in the interest rate will be subject to prior approval of the Authority and will be applicable only to
the policies sold after the date of change.
At any point of time during the Payout Period, you shall have an option to receive the future income as a lump sum,
which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest
rates described below.
On death of the Life Assured during the Payout Period, the nominee shall continue receiving Guaranteed Income as per
Income Payout Frequency & benet option chosen till the end of Payout Period. The nominee shall have an option to
receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which
is computed using the prevailing interest rates as described below.
Death Benet:
In case of death of Life Assured during the policy term, the death benet equal to Sum Assured on Death shall be
payable to the nominee.
Sum Assured on Death is the highest of:
10 times the Annualized Premium / 1.25 times the Single Premium, or
105% of Total Premiums paid, or
Premiums paid accumulated at an interest of 5% p.a. compounded annually, or
Guaranteed Sum assured on Maturity, or
an absolute amount assured to be paid on death, which is equal to the Sum Assured.
Sum Assured shall be equal to the applicable Death Benet Multiple times the Annualized/ Single Premium. The
applicable Death Benet Multiples are specied below.
Upon the payment of the death benet, the policy terminates and no further benets are payable.
PLAN OPTION – LONG TERM INCOME
The amount of guaranteed income^ shall be equal to the percentage of Annualized / Single Premium depending upon the
Premium Payment Term and Policy Term.
Maturity Benet:
This option oers a benet of guaranteed income for xed term of 25 or 30 years and a return of premium at the end of
payout period upon payment of all due premiums and life assured surviving the policy term.
Pay premium during the
premium payment term
Get Guaranteed Income up to 30 years
Return of Total premiums paid
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 35 36
- - - - - - - - - - - - - - - - - -
^An additional income is payable in case of higher premium amount, please refer to the Enhanced Benet for High Premium Policies
At the end of the Payout Period, the policy terminates by returning Total Premiums paid.
On the maturity date, you shall have an option to receive the Guaranteed Sum Assured on Maturity, which under this
option, shall be the present value of future payouts, discounted at a rate of 9% p.a. This interest rate is not guaranteed.
However, any change in the interest rate will be subject to prior approval of the Authority and will be applicable only to
the policies sold after the date of change.
At any point of time during the Payout Period, you shall have an option to receive the future income as a lump sum,
which shall be the present value of future payouts, discounted at a rate which is computed using the prevailing interest
rates described below.
On death of the Life Assured during the Payout Period, the nominee shall continue receiving Guaranteed Income as per
Income Payout Frequency & benet option chosen till the end of Payout Period. The nominee shall have an option to
receive the future income as a lump sum, which shall be the present value of future payouts, discounted at a rate which
is computed using the prevailing interest rates as described below.
Death Benet:
In case of death of Life Assured during the policy term, the death benet equal to Sum Assured on Death shall be
payable to the nominee.
Sum Assured on Death is the highest of:
10 times the Annualized Premium / 1.25 times the Single Premium, or
105% of Total Premiums paid, or
Premiums paid accumulated at an interest of 5% p.a. compounded annually, or
Guaranteed Sum Assured on Maturity, or
an absolute amount assured to be paid on death, which is equal to the Sum Assured.
Sum Assured shall be equal to the applicable Death Benet Multiple times the Annualized / Single Premium. The
applicable Death Benet Multiples are specied below.
Upon the payment of the death benet, the policy terminates and no further benets are payable.
Death Benet Multiple (applicable for all plan options):
For Single Premium Policy - Sum Assured will be determined based on your entry age and the Single Premium you commit
to pay.
*Age will be entry age as on the last birthday.
Age* Age* Age*
Death Benet
Multiple
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Death Benet
Multiple
1.50
1.50
1.49
1.49
1.48
1.48
1.47
1.47
1.46
1.46
1.45
1.45
1.44
1.44
1.43
1.43
1.42
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
1.42
1.41
1.41
1.40
1.40
1.39
1.39
1.38
1.38
1.37
1.37
1.36
1.36
1.35
1.35
1.34
1.34
Age*
Death Benet
Multiple
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Death Benet
Multiple
1.33
1.33
1.32
1.32
1.31
1.31
1.30
1.30
1.29
1.29
1.28
1.28
1.27
1.27
1.26
1.26
1.25
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
1.25
*Age will be entry age as on the last birthday.
Age* Age* Age*
Death Benet
Multiple
0 - 5
6
7
8
9
10
11
12
13
14
15
16
17
18
Death Benet
Multiple
15.00
14.90
14.80
14.70
14.60
14.50
14.40
14.30
14.20
14.10
14.00
13.90
13.80
13.70
19
20
21
22
23
24
25
26
27
28
29
30
31
32
13.60
13.50
13.40
13.30
13.20
13.10
13.00
12.90
12.80
12.70
12.60
12.50
12.40
12.30
Age*
Death Benet
Multiple
33
34
35
36
37
38
39
40
41
42
43
44
45
46
Death Benet
Multiple
12.20
12.10
12.00
11.90
11.80
11.70
11.60
11.50
11.40
11.30
11.20
11.10
11.00
10.90
47
48
49
50
51
52
53
54
55
56
57
58
59
60 - 65
10.80
10.70
10.60
10.50
10.45
10.40
10.35
10.30
10.25
10.20
10.15
10.10
10.05
10.00
For Limited / Regular Premium Policy - Sum Assured will be determined based on your entry age and the Annualized
Premium you commit to pay in a policy year.
Rider
UIN
HDFC Life Income Benet on
Accidental Disability Rider
A benet equal to 1% of Rider Sum Assured per month for the next
10 years, in case of an Accidental Total Permanent Disability. There
is no maturity benet available under this rider.
A lump sum benet equal to the Rider Sum Assured shall be payable
in case you are diagnosed with any of the 19 Critical Illnesses and
survive for a period of 30 days following the diagnosis. There is no
maturity benet available under this rider.
HDFC Life Critical Illness
Plus Rider
Scope of Benets**
101B013V03
101B014V02
Rider Options:
We oer the following Rider options (as modied from time to time) to help you enhance your protection
The premiums are excluding applicable taxes & levies. The values shown are for illustrative purpose only.
^ Guaranteed Income Amount payable in arrears on annual frequency during the payout period (After the policy term).
* Please refer to the Benefit Illustration for year wise Death Benefit.
Sample Illustration
Illustration of benets for healthy male aged 30 years (50 years for Life Long Income Option), who pays ` 1 Lac + Taxes
per annum throughout the premium paying term and survives the policy term.
Plan
Option
Guaranteed
Maturity
HDFC Life Protect Plus Rider
HDFC Life Health Plus Rider
HDFC Life Waiver of
Premium Rider
101B016V01
101B031V01
101B032V01
Guaranteed
Income
`
1,000,000
`
1,250,000
Sum
Assured
20
`
1,451,837
`
1,250,000
`
2,227,460 paid as a lump sum at Maturity
13
Policy
Te rm
(years)
Death
Benet at
Inception*
10
12
Premium
Paying
Te rm
(years)
Maturity Benet (INR)
Guaranteed Income^ of
`
2,02,750 p.a. from
14
th
year to 25
th
year (payout period of 12 years)
Rider
UIN
Option A: Personal Accident Cover
Lump sum/ income benet on Accidental Death/ ATPD/ APPD
Option B: Accidental Death Cover
In an unforeseen event of death of the Life Assured / Scheme
Member due to accident during the rider term, 100% of the rider
sum assured will be paid to the nominee
Option C: Cancer Cover
A lump-sum benet is payable on diagnosis of cancer
Waiver of premiums for 3 years on diagnosis of early stage cancer
A lump sum benet equivalent to Rider Sum Assured shall be payable
on diagnosis of any of the covered 60 Critical Illnesses or benet as a
proportionate of the Rider Sum Assured shall be payable on
diagnosis of Early Stage Cancer / Major Cancer depending on the
option chosen. No maturity benet is payable under this rider.
Waiver of Premium for the outstanding premium of base policy and
all other riders attached to the base policy at inception of this rider,
on death, disability or diagnosis of any listed critical illnesses of the
Rider Life Assured. Enjoy continued policy benets even in case of
life's eventualities.
Scope of Benets**
**For all details on Riders, kindly refer to the Rider Brochures available on our website
If a due premium is unpaid upon the expiry of the grace period, the policy shall:
lapse if it has not acquired a Guaranteed Surrender Value
become reduced paid-up if it has acquired a Guaranteed Surrender Value
In case of a lapsed policy, all the benets shall cease and nothing is payable on death, maturity or surrender
Once the policy becomes paid-up, the survival and death benet payouts shall reduce as dened below:
Paid-up Maturity/Death benet:
For Limited / Regular Pay Policy - Once the policy becomes reduced paid-up, the maturity and death benet payouts
shall be computed by multiplying the death/maturity payouts as specied in “Benets in detail” section to the ratio of
the premiums paid to the premiums payable under the policy. Under the Guaranteed Maturity option, no further
Guaranteed Additions shall accrue in the future. The Guaranteed Additions accrued till the date of paid-up shall
continue to remain attached.
NON-FORFEITURE BENEFITS
To enjoy the policy benets, it is important that you pay all due premiums by the due date. This section details the
benets and limitations in case premiums are not paid during the term of the policy.
Grace period:
Grace period is not applicable for Single Premium Policy. For Limited / Regular Premium Policy, you get a grace period of
15 days for monthly frequency of premium payment and 30 days for other frequencies to pay the premium without any
penalty. If premium is not received before the end of grace period, the policy will lapse or become paid-up. The policy is
considered to be in-force with the risk cover during the grace period without any interruption.
In case of a valid claim during the grace period, before payment of due premium, the claim shall be payable after
deducting the due modal premium.
Lapse, Paid-up and Surrender:
(1) For Single Premium Policy – Lapse and Paid-Up not applicable. Refer below section for surrender.
(2) For Limited / Regular Premium Policy - The policy shall acquire a Guaranteed Surrender Value (cash value) upon the
payment of at least rst two years’ premiums.
The premiums are excluding applicable taxes & levies. The values shown are for illustrative purpose only.
^ Guaranteed Income Amount payable in arrears on annual frequency during the payout period (After the policy term).
* Please refer to the Benefit Illustration for year wise Death Benefit.
Plan
Option
Long Term
Income
`
1,250,000
Sum
Assured
`
1,250,000 11
Policy
Te rm
(years)
Death
Benet at
Inception*
10
Life Long
Income
`
1,050,000
`
1,050,000 11 10
Premium
Paying
Te rm
(years)
Maturity Benet (INR)
Guaranteed Income^ of
`
87,000 p.a. from 12
th
year to
36
th
year (payout period of 25 years) +
`
10,00,000 at
the end of payout period (36
th
year)
Guaranteed Income^ of
`
80,250 p.a. from 12
th
year
till age 99 years (38 years)+
`
1,000,000 at the end
of payout period.
Where,
the GSV of the total premiums paid shall be determined as the applicable GSV factors on total premiums paid at the
time of
surrender multiplied to the total premiums paid to date. The premium is excluding any taxes and levies paid
as applicable or any extra premiums paid.
the Surrender Value of the Guaranteed Additions paid shall be determined as the applicable GSV factors on the
Guaranteed Addition at the time of surrender multiplied to the Guaranteed Additions already accrued to the policy
(applicable to Plan Option: Guaranteed Maturity).
For details on GSV percentage, please contact our nancial consultant. The surrender value shall be higher of the GSV
and the Special Surrender Value (SSV). On payment of the Surrender Benet, the policy will terminate and no more
benets will be payable
Revival:
You can revive your lapsed/paid-up policy within the revival period (specied below) subject to the terms and
conditions we may specify from time to time. For revival, you will need to pay all the outstanding premiums and interest
on the outstanding premiums and taxes and levies as applicable. The current rate of interest for revival is 9.5% p.a.
Interest rate will be as prevailing from time to time. Please contact our Customer Service department to know the
applicable interest rate.
The revival period shall be of ve years from the due date of the rst unpaid Premium and before the expiry of the
Policy Term.
Once the policy is revived, you are entitled to receive all contractual benets.
TERMS & CONDITIONS
We recommend that you read and understand this product brochure & customised benet illustration and
understand what the plan is, how it works and the risks involved before you purchase.
A) Risk Factors:
HDFC Life Insurance Company Limited is the name of our Insurance Company and “HDFC Life Sanchay Plus” is the
name of this plan. The name of our company and the name of our plan do not, in any way, indicate the quality of
the plan, its future prospects or returns.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or
policy document issued by insurance company.
Surrender:
The policy shall acquire a Guaranteed Surrender Value (GSV) immediately on the payment of Single Premium and upon
the payment of at least rst two years’ premiums in case of a Limited/ Regular Premium Policy.
The minimum GSV shall be the sum of:
a) the GSV of the total premiums paid and
b) the Surrender Value of the Guaranteed Additions, already accrued to the policy, if applicable.
D) Cancellation in the Free-Look period:
In case you are not agreeable to the any of the policy terms and conditions, you have the option of returning the
policy to us stating the reasons thereof, within 30 days from the date of receipt of the policy. On receipt of your
letter along with the original policy documents, we shall arrange to refund the premiums paid subject to deduction
of the proportionate risk premium for the period on cover, expenses incurred by us on medical examination, if any,
and stamp duty.
E) Alterations:
Change of Premium Payment frequency is allowed.
Change of Income Payout frequency is allowed.
Plan Option, once chosen at inception cannot be changed throughout the policy term.
Such alteration will be in accordance with the Board approved underwriting policy.
F) Policy Loan:
Once your policy has acquired the surrender value, you may avail of a policy loan upto 80% of the surrender value
of your policy subject to applicable terms and conditions
G) Enhanced Benet for High Premium Policies
We also oer enhanced benet for the policies with Annual/Single Premium more than ` 1.5 lakhs.
H) Income Payout :
The policyholder can choose to receive the Annual income under the Guaranteed Income, Lifelong Income and Long
Term Income option at less frequent intervals. Income for other than annual frequencies shall be allowed. The
amount of income shall be as given below:
Frequency Income (per frequency)
Semi-annual
Quarterly
Monthly
98% of Annual Income x 1/2
97% of Annual Income x 1/4
96% of Annual Income x 1/12
Note: Annual Income refers to the guaranteed income paid in respect of annual frequency.
B) Suicide Exclusions:
In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the
date of revival of the policy, as applicable, the nominee or beneciary of the policyholder shall be entitled to at least
80% of the total premiums paid till the date of death or the surrender value available as on the date of death
whichever is higher, provided the policy is in force.
C) Tax Benets
Tax Benets may be available as per prevailing tax laws. You are requested to consult your tax advisor.
I) Guaranteed Additions (Applicable for Guaranteed Maturity Option only)
Guaranteed Addition per 1000 Guaranteed Sum Assured on Maturity
1. For Single Premium Policy
1\5
<=45
-
46-50
-
51-55
56-60
1\6
<=45
1\7
-
-
-
-
-
-
-
-
-
46-50
51-55
56-60
46-50
51-55
-
56-60
<=45
1\8
-
-
-
46-50
51-55
56-60
<=45
1\9
-
-
-
-
46-50
51-55
-
-
56-60
<=45
1\10
-46-50
51-55
-
-
56-60
<=45
PPT\
PT
AGE
BAND
1324567891011121314151617181920
Policy Years
62.81 62.81
62.81
62.81
62.34 62.34
62.34
62.34
61.86 61.86 61.86 61.86
61.23
61.23
61.23
61.23
65.92
65.92
65.92
65.92
65.42
65.42
65.42
65.42
64.93
64.93
64.93
64.93
64.29
64.29
64.29
64.29
68.93
68.93
68.93
68.93
86.38
86.38
86.38
86.38
67.87
67.87
67.87
67.87
67.22 67.22
67.22
67.22
71.93
71.93
71.93
71.93
71.33
71.33
71.33
71.33
70.81
70.81
70.81
70.81
70.12
70.12
70.12
70.12
74.97
74.97
74.97
74.97
74.31
74.31
74.31
74.31
73.77 73.77
73.77
73.77
73.02
73.02
73.02
73.02
76.79
76.79
76.79
76.79
76.05
76.05
76.05
76.05
75.45
75.45
75.45
75.45
74.63 74.63
74.63
74.63
65.92
65.42
64.93
64.29
68.93
86.38
67.87
67.22
71.93
71.33
70.81
70.12
74.97
74.31
73.77
73.02
76.79
76.05
75.45
74.63
68.93
86.38
67.87
67.22
71.93
71.33
70.81
70.12
74.97
74.31
73.77
73.02
76.79
76.05
75.45
74.63
71.93
71.33
70.81
70.12
74.97
74.31
73.77
73.02
76.79
76.05
75.45
74.63
74.97
74.31
73.77
73.02
76.79
76.05
75.45
74.63
76.79
76.05
75.45
74.63
1\11
-
-
-
46-50
51-55
-
56-60
<=45
1\12
-
-
-
46-50
51-55
-
56-60
<=45
1\13
-
-
-
46-50
51-55
-
56-60
<=45
1\14
-
-
-
46-50
51-55
-
56-60
<=45
1\15
<=45
46-50
51-55
56-60
-
-
-
-
1\16
<=45
46-50
51-55
56-60
-
-
-
-
1\17
<=45
46-50
51-55
56-60
-
-
-
-
1\18
<=45
46-50
51-55
56-60
-
-
-
-
PPT\
PT
AGE
BAND
1324567891011121314151617181920
Policy Years
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
79.41
78.58
77.92
77.03
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
82.15
81.22
80.50
79.50
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
85.00
83.95
83.17
82.04
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
87.97
86.78
85.91
84.65
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
91.06
89.70
88.73
87.32
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
94.27
92.73
91.64
90.03
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
97.59
95.85
94.62
92.77
101.04
99.06
97.66
95.57
101.04
99.06
97.66
95.57
1\19
1\20
-
-
-
-
-
-
-
-
46-50
51-55
56-60
<=45
46-50
51-55
56-60
<=45
PPT\
PT
AGE
BAND
1324567891011121314151617181920
Policy Years
PPT\PT
AGE
BAND
1-5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Policy Years
5\10
<=45
46-50
51-55
56-60
-
-
-
-
5\11
<=45
46-50
51-55
56-60
-
-
-
-
2. For Limited Premium Policy
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
104.62
102.36
100.78
98.37
108.33
105.75
103.94
101.52
108.33
105.75
103.94
101.52
60.60
55.76
50.93
46.07
68.50
64.77
61.23
55.64
60.60
55.76
50.93
46.07
68.50
64.77
61.23
55.64
60.60
55.76
50.93
46.07
68.50
64.77
61.23
55.64
60.60
55.76
50.93
46.07
68.50
64.77
61.23
55.64
60.60
55.76
50.93
46.07
68.50
64.77
61.23
55.64
68.50
64.77
61.23
55.64
PPT\PT
AGE
BAND
1-5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Policy Years
5\12
<=45
46-50
51-55
56-60
-
-
-
-
5\13
<=45
46-50
51-55
56-60
-
-
-
-
5\14
<=45
46-50
51-55
56-60
-
-
-
-
5\15
<=45
46-50
51-55
56-60
-
-
-
-
5\16
<=45
46-50
51-55
56-60
-
-
-
-
5\17
<=45
46-50
51-55
56-60
-
-
-
-
5\18
<=45
46-50
51-55
56-60
-
-
-
-
5\19
<=45
46-50
51-55
56-60
-
-
-
-
70.87
67.21
63.91
58.43
74.10
70.47
67.34
61.87
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
70.87
67.21
63.91
58.43
74.10
70.47
67.34
61.87
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
70.87
67.21
63.91
58.43
74.10
70.47
67.34
61.87
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
70.87
67.21
63.91
58.43
74.10
70.47
67.34
61.87
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
70.87
67.21
63.91
58.43
74.10
70.47
67.34
61.87
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
70.87
67.21
63.91
58.43
74.10
70.47
67.34
61.87
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
70.87
67.21
63.91
58.43
74.10
70.47
67.34
61.87
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
74.10
70.47
67.34
61.87
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
78.08
74.42
71.46
65.94
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
86.90
83.20
79.81
74.25
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
87.59
83.79
80.30
74.63
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
88.58
84.67
81.08
75.25
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
89.84
85.81
82.09
76.09
91.36
87.15
83.32
77.12
91.36
87.15
83.32
77.12
PPT\PT
AGE
BAND
1-5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Policy Years
5\20
<=45
46-50
51-55
56-60
-
-
-
-
6\12
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
6\13
<=45
46-50
51-55
56-60
-
-
-
-
6\14
<=45
46-50
51-55
56-60
-
-
-
-
6\15
<=45
46-50
51-55
56-60
-
-
-
-
6\16
<=45
46-50
51-55
56-60
-
-
-
-
6\17
<=45
46-50
51-55
56-60
-
-
-
-
6\18
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
93.05
88.71
84.73
78.32
78.05
74.23
70.48
64.61
85.01
81.73
79.97
73.28
84.44
81.05
79.07
74.07
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
78.05
74.23
70.48
64.61
85.01
81.73
79.97
73.28
84.44
81.05
79.07
74.07
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
78.05
74.23
70.48
64.61
85.01
81.73
79.97
73.28
84.44
81.05
79.07
74.07
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
78.05
74.23
70.48
64.61
85.01
81.73
79.97
73.28
84.44
81.05
79.07
74.07
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
78.05
74.23
70.48
64.61
85.01
81.73
79.97
73.28
84.44
81.05
79.07
74.07
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
78.05
74.23
70.48
64.61
85.01
81.73
79.97
73.28
84.44
81.05
79.07
74.07
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
85.01
81.73
79.97
73.28
84.44
81.05
79.07
74.07
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
84.44
81.05
79.07
74.07
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
92.10
88.21
84.63
78.81
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
92.14
88.18
84.55
78.62
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
92.62
88.57
84.85
78.82
93.48
89.31
85.50
79.30
93.48
89.31
85.50
79.30
PPT\PT
AGE
BAND
1-5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Policy Years
6\19
<=45
46-50
51-55
56-60
-
-
-
-
6\20
<=45
46-50
51-55
56-60
-
-
-
-
7\12
<=45
46-50
51-55
56-60
-
-
-
-
7\13
<=45
46-50
51-55
56-60
-
-
-
-
7\14
<=45
46-50
51-55
56-60
-
-
-
-
7\15
<=45
46-50
51-55
56-60
-
-
-
-
7\16
<=45
46-50
51-55
56-60
-
-
-
-
7\17
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
94.64
90.34
86.40
80.04
96.07
91.61
87.55
80.99
78.74
73.15
68.17
61.17
82.20
77.48
75.78
69.47
86.72
82.07
78.31
72.51
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
78.74
73.15
68.17
61.17
82.20
77.48
75.78
69.47
86.72
82.07
78.31
72.51
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
78.74
73.15
68.17
61.17
82.20
77.48
75.78
69.47
86.72
82.07
78.31
72.51
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
78.74
73.15
68.17
61.17
82.20
77.48
75.78
69.47
86.72
82.07
78.31
72.51
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
78.74
73.15
68.17
61.17
82.20
77.48
75.78
69.47
86.72
82.07
78.31
72.51
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
78.74
73.15
68.17
61.17
82.20
77.48
75.78
69.47
86.72
82.07
78.31
72.51
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
82.20
77.48
75.78
69.47
86.72
82.07
78.31
72.51
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
91.66
87.99
84.40
79.49
86.72
82.07
78.31
72.51
90.55
87.07
83.64
78.94
90.89
87.33
83.84
79.02
91.66
87.99
84.40
79.49
PPT\PT
AGE
BAND
1-5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Policy Years
7\18
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
7\19
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
7\20
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
8\12
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
8\13
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
8\14
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
8\15
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
8\16
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
92.77
88.99
85.29
80.22
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
94.14
90.24
86.41
81.20
95.79
91.72
87.77
82.38
74.03
68.85
64.16
57.68
77.73
73.25
71.64
65.72
82.17
77.97
74.25
68.79
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
74.03
68.85
64.16
57.68
77.73
73.25
71.64
65.72
82.17
77.97
74.25
68.79
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
74.03
68.85
64.16
57.68
77.73
73.25
71.64
65.72
82.17
77.97
74.25
68.79
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
74.03
68.85
64.16
57.68
77.73
73.25
71.64
65.72
82.17
77.97
74.25
68.79
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
74.03
68.85
64.16
57.68
77.73
73.25
71.64
65.72
82.17
77.97
74.25
68.79
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
74.03
68.85
64.16
57.68
77.73
73.25
71.64
65.72
82.17
77.97
74.25
68.79
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
77.73
73.25
71.64
65.72
82.17
77.97
74.25
68.79
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
82.17
77.97
74.25
68.79
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
86.16
82.87
79.65
75.20
86.76
83.39
80.07
75.52
86.76
83.39
80.07
75.52
PPT\PT
AGE
BAND
1-5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Policy Years
8\17
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
8\18
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
8\19
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
8\20
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
9\12
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
9\13
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
9\14
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
9\15
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
87.71
84.23
80.82
76.15
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
88.95
85.36
81.85
77.03
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
90.46
86.74
83.09
78.11
92.19
88.31
84.54
79.39
83.33
77.53
74.47
67.15
85.52
80.63
78.87
72.83
89.40
86.68
81.53
75.00
94.48
90.96
87.48
82.73
83.33
77.53
74.47
67.15
85.52
80.63
78.87
72.83
89.40
86.68
81.53
75.00
94.48
90.96
87.48
82.73
83.33
77.53
74.47
67.15
85.52
80.63
78.87
72.83
89.40
86.68
81.53
75.00
94.48
90.96
87.48
82.73
83.33
77.53
74.47
67.15
85.52
80.63
78.87
72.83
89.40
86.68
81.53
75.00
94.48
90.96
87.48
82.73
83.33
77.53
74.47
67.15
85.52
80.63
78.87
72.83
89.40
86.68
81.53
75.00
94.48
90.96
87.48
82.73
85.52
80.63
78.87
72.83
89.40
86.68
81.53
75.00
94.48
90.96
87.48
82.73
89.40
86.68
81.53
75.00
94.48
90.96
87.48
82.73
94.48
90.96
87.48
82.73
PPT\PT
AGE
BAND
1-5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Policy Years
9\16
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
9\17
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
9\18
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
9\19
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
9\20
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
10\12
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
10\13
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
10\14
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
77.95
72.56
69.70
62.89
80.49
75.91
74.28
68.62
84.53
81.98
77.14
71.00
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
77.95
72.56
69.70
62.89
80.49
75.91
74.28
68.62
84.53
81.98
77.14
71.00
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
77.95
72.56
69.70
62.89
80.49
75.91
74.28
68.62
84.53
81.98
77.14
71.00
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
77.95
72.56
69.70
62.89
80.49
75.91
74.28
68.62
84.53
81.98
77.14
71.00
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
77.95
72.56
69.70
62.89
80.49
75.91
74.28
68.62
84.53
81.98
77.14
71.00
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
94.31
90.73
87.20
82.37
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
94.70
91.03
87.43
82.50
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
95.53
91.77
88.06
82.99
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
96.72
92.82
89.02
83.80
98.21
94.19
90.24
84.86
84.53
81.98
77.14
71.00
80.49
75.91
74.28
68.62
84.53
81.98
77.14
71.00
PPT\PT
AGE
BAND
1-5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Policy Years
10\15
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
10\16
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
10\17
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
10\18
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
10\19
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
10\20
<=45
46-50
51-55
56-60
-
-
-
-
-
-
-
-
-
-
-
-
89.66
86.34
83.09
78.60
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
89.66
86.34
83.09
78.60
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
89.66
86.34
83.09
78.60
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
89.66
86.34
83.09
78.60
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
89.66
86.34
83.09
78.60
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
89.66
86.34
83.09
78.60
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
89.66
86.34
83.09
78.60
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
89.66
86.34
83.09
78.60
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
89.82
86.43
83.10
78.54
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
90.45
86.98
83.56
78.89
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
91.48
87.89
84.37
79.56
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
92.82
89.10
85.48
80.51
94.42
90.57
86.81
81.68
J) Guaranteed Surrender Value Factors:
Guaranteed Surrender Value Factors as percentage of total premiums paid
Note: This would only be payable once the policy has acquired a guaranteed surrender value.
Single Premium Policy -
Policy
Year
Polic
y
Term
5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Limited / Regular Premium Policy
–
For Guaranteed Maturity option
75%
80%
85%
90%
90%
75%
80%
85%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
75%
80%
85%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
90%
Policy
Year
Polic
y
Term
11 12
13
14
15
16
17
18
19 20
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
100%
100%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
100%
100%
100%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
100%
100%
100%
100%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
100%
100%
100%
100%
100%
100%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
100%
100%
100%
100%
100%
100%
100%
100%
10
0%
30%
35%
50%
50%
50%
50%
75%
90%
90%
Guaranteed Surrender Value (GSV) Factor for Accrued Guaranteed Additions is 30%(applicable for Guaranteed
Maturity Option)
For Guaranteed Income Option
Policy
Year
Policy Term
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
0%
30%
35%
90%
90%
0%
30%
35%
50%
90%
90%
0%
30%
35%
50%
50%
90%
90%
0%
30%
35%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
100 %
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
90%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
90%
90%
100 %
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
90%
90%
100%
100%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90 %
90%
90%
90 %
90 %
100%
100%
100%
10 11 1256789 1314151617181920
For Life Long Income option
For Long Term Income Option
Policy
Year
Policy Term
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
0%
30%
35%
90%
90%
0%
30%
35%
50%
90%
90%
0%
30%
35%
50%
50%
90%
90%
0%
30%
35%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
100%
10 11 125 6 7 8 9 13
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
100%
14
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
100 %
15
Policy
Year
Policy Term
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
0%
30%
35%
90%
90%
0%
30%
35%
50%
90%
90%
0%
30%
35%
50%
50%
90%
90%
0%
30%
35%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
100%
10 11 1256789 13
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
100%
14
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
100 %
15
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
100%
16
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
90%
100%
17
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
90%
90%
100 %
18
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90%
90%
90%
90%
90%
100%
100%
19
0%
30%
35%
50%
50%
50%
50%
75%
75%
90%
90%
90%
90 %
90%
90%
90 %
90 %
100%
100%
100%
20
K) Nomination as per Section 39 of the Insurance Act 1938 as amended from time to time:
1) The policyholder of a life insurance on his own life may nominate a person or persons to whom money secured
by the policy shall be paid in the event of his death.
2) Where the nominee is a minor, the policyholder may appoint any person to receive the money secured by the
policy in the event of policyholder’s death during the minority of the nominee. The manner of appointment to
be laid down by the insurer.
3) Nomination can be made at any time before the maturity of the policy.
4) Nomination may be incorporated in the text of the policy itself or may be endorsed on the policy
communicated to the insurer and can be registered by the insurer in the records relating to the policy.
5) Nomination can be cancelled or changed at any time before policy matures, by an endorsement or a further
endorsement or a will as the case may be.
6) A notice in writing of Change or Cancellation of nomination must be delivered to the insurer for the insurer to
be liable to such nominee. Otherwise, insurer will not be liable if a bonade payment is made to the person
named in the text of the policy or in the registered records of the insurer.
7) Fee to be paid to the insurer for registering change or cancellation of a nomination can be specied by the
Authority through Regulations.
8) A transfer or assignment made in accordance with Section 38 shall automatically cancel the nomination
except in case of assignment to the insurer or other transferee or assignee for purpose of loan or against
security or its reassignment after repayment. In such case, the nomination will not get cancelled to the extent
of insurer’s or transferee’s or assignee’s interest in the policy. The nomination will get revived on repayment of
the loan.
9) The provisions of Section 39 are not applicable to any life insurance policy to which Section 6 of Married
Women’s Property Act, 1874 applies or has at any time applied except where before or after Insurance Laws
(Amendment) Act 2015, a nomination is made in favour of spouse or children or spouse and children whether
or not on the face of the policy it is mentioned that it is made under Section 39. Where nomination is intended
to be made to spouse or children or spouse and children under Section 6 of MWP Act, it should be specically
mentioned on the policy. In such a case only, the provisions of Section 39 will not apply.
L) Assignment as per Section 38 of the Insurance Act 1938 as amended from time to time:
1) This policy may be transferred/assigned, wholly or in part, with or without consideration.
2) An Assignment may be eected in a policy by an endorsement upon the policy itself or by a separate
instrument under notice to the Insurer.
3) The instrument of assignment should indicate the fact of transfer or assignment and the reasons for the
assignment or transfer, antecedents of the assignee and terms on which assignment is made.
4) The assignment must be signed by the transferor or assignor or duly authorized agent and attested by at least
one witness.
5) The transfer or assignment shall not be operative as against an Insurer until a notice in writing of the transfer
or assignment and either the said endorsement or instrument itself or copy there of certied to be correct by
both transferor and transferee or their duly authorized agents have been delivered to the Insurer.
6) Fee to be paid for assignment or transfer can be specied by the Authority through Regulations.
7) On receipt of notice with fee, the Insurer should Grant a written acknowledgement of receipt of notice. Such
notice shall be conclusive evidence against the insurer of duly receiving the notice.
8) The Insurer may accept or decline to act upon any transfer or assignment or endorsement, if it has sucient
reasons to believe that it is (a) not bonade or (b) not in the interest of the policyholder or (c) not in public
interest or (d) is for the purpose of trading of the insurance policy.
9) In case of refusal to act upon the endorsement by the Insurer, any person aggrieved by the refusal may prefer
a claim to IRDAI within 30 days of receipt of the refusal letter from the Insurer.
Section K (Nomination) and L (Assignment or Transfer) are simplied versions prepared for general
information only and hence are not comprehensive. For full texts of these sections please refer to Section 38
and Section 39 of the Insurance Act, 1938 as amended by The Insurance Laws (Amendment) Act, 2015.
M)
Prohibition of Rebates: In accordance with Section 41 of the Insurance Act, 1938 as amended from time to time:
1) No person shall allow or oer to allow, either directly or indirectly, as an inducement to any person to take out
or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate
of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any
person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed
in accordance with the published prospectuses or tables of the insurer.
2) Any person making default in complying with the provisions of this section shall be liable for a penalty which
may extend to ten lakh rupees.
N) Non-Disclosure: In accordance with Section 45 of the Insurance Act, 1938 as amended from time to time:
1) No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years
from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or
the date of revival of the policy or the date of the rider to the policy, whichever is later.
2) A policy of life insurance may be called in question at any time within three years from the date of issuance of
the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the
policy, whichever is later, on the ground of fraud: Provided that the insurer shall have to communicate in
writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and
materials on which such decision is based.
3) Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life insurance policy on
the ground of fraud if the insured can prove that the mis-statement of or suppression of a material fact was
true to the best of his knowledge and belief or that there was no deliberate intention to suppress the fact or
that such mis-statement of or suppression of a material fact are within the knowledge of the insurer: Provided
that in case of fraud, the onus of disproving lies upon the beneciaries, in case the policyholder is not alive.
4) A policy of life insurance may be called in question at any time within three years from the date of issuance of
the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the
policy, whichever is later, on the ground that any statement of or suppression of a fact material to the
expectancy of the life of the insured was incorrectly made in the proposal or other document on the basis of
which the policy was issued or revived or rider issued: Provided that the insurer shall have to communicate in
writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and
materials on which such decision to repudiate the policy of life insurance is based: Provided further that in
case of repudiation of the policy on the ground of misstatement or suppression of a material fact, and not on
the ground of fraud, the premiums collected on the policy till the date of repudiation shall be paid to the
insured or the legal representatives or nominees or assignees of the insured within a period of ninety days
from the date of such repudiation.
5) Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do
so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted
on subsequent proof that the age of the Life Insured was incorrectly stated in the proposal.
O) In case of fraud or misrepresentation including non-disclosure of any material facts, the Policy shall be cancelled
immediately and the Surrender Value shall be payable, subject to the fraud or misrepresentation being established
in accordance with Section 45 of the Insurance Act, 1938, as amended from time to time.
P) Taxes:
Indirect Taxes
Taxes and levies as applicable shall be levied as applicable. Any taxes, statutory levy becoming applicable in future
may become payable by you by any method including by levy of an additional monetary amount in addition to
premium and or charges.
Direct Taxes
Tax will be deducted at the applicable rate from the payments made under the policy, as per the provisions of the
Income Tax Act, 1961, as amended from time to time.
Q) A policyholder can now have his life insurance policies in dematerialized form through a password protected online
account called an electronic Insurance Account (eIA). This eIA can hold insurance policies issued from any insurer in
dematerialized form, thereby facilitating the policy holder to access his policies on a common online platform.
Facilities such as online premium payment, changes in address are available through the eIA. Furthermore, you
would not be required to provide any KYC documents for any future policy purchase with any insurer. For more
information on eIA visit http://www.hdfclife.com/customer-service/life-insurance-policy-dematerialization
HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245. IRDAI Registration No. 101.
Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011.
Email: [email protected], Help line: 022-68446530 (Local charges apply ) Available Mon-Sat 10 am to 7 pm IST . | Website: www.hdfclife.com.
The name/letter 'HDFC' in the name/logo of HDFC Life Insurance Company Limited (HDFC Life) belongs to HDFC Bank Limited and is used by HDFC Life under licence from
HDFC Bank Limited.
HDFC Life Sanchay Plus (101N134V23) is a non-participating, non-linked savings insurance plan. Life Insurance Coverage is available in this product. This version
of the product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions and
exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy
document of the insurer.
ARN: PP/07/24/13508.
• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Public receiving such phone calls are requested to lodge a police complaint.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
Contact us today
To buy: 1800-266-9777
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(Available all days 10am to 7pm)
Visit us at www.hdfclife.com
