Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 21 views

    Illustration

    Uploaded by

    shaan.sangram190
    This 3 sentence summary provides the key details from the benefit illustration document: The document is a benefit illustration for an HDFC Life Guaranteed Pension Plan for S Swain aged 64. The plan has a 10 year policy term, 5 year premium payment term with annual premiums of Rs. 100,000. The illustration shows the guaranteed and non-guaranteed benefits over the policy term, including a guaranteed annuity of Rs. 68,255 payable annually for life upon vesting at age 74.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Illustration

    Uploaded by

    shaan.sangram190
    21 views2 pages
    This 3 sentence summary provides the key details from the benefit illustration document: The document is a benefit illustration for an HDFC Life Guaranteed Pension Plan for S Swain aged 64. The plan has a 10 year policy term, 5 year premium payment term with annual premiums of Rs. 100,000. The illustration shows the guaranteed and non-guaranteed benefits over the policy term, including a guaranteed annuity of Rs. 68,255 payable annually for life upon vesting at age 74.

    Original Description:

    HDFc Life

    Original Title

    Illustration (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This 3 sentence summary provides the key details from the benefit illustration document: The document is a benefit illustration for an HDFC Life Guaranteed Pension Plan for S Swain aged 64. The plan has a 10 year policy term, 5 year premium payment term with annual premiums of Rs. 100,000. The illustration shows the guaranteed and non-guaranteed benefits over the policy term, including a guaranteed annuity of Rs. 68,255 payable annually for life upon vesting at age 74.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    21 views2 pages

    Illustration

    Uploaded by

    shaan.sangram190
    This 3 sentence summary provides the key details from the benefit illustration document: The document is a benefit illustration for an HDFC Life Guaranteed Pension Plan for S Swain aged 64. The plan has a 10 year policy term, 5 year premium payment term with annual premiums of Rs. 100,000. The illustration shows the guaranteed and non-guaranteed benefits over the policy term, including a guaranteed annuity of Rs. 68,255 payable annually for life upon vesting at age 74.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    08-11-2023

    Quote No : qbxczkk13suqv

    Benefit Illustration for HDFC Life Guaranteed Pension Plan


    This illustration has been produced by HDFC Life Insurance Company Limited to help you understand the benefits of your
    HDFC Life Guaranteed Pension Plan

    Age is taken as on last birthday


    Name of the Prospect /Policy holder: S Swain Proposal No:
    Age: 64* Name of the Product: HDFC Life Guaranteed Pension Plan
    A Non linked, Non-Participating Pension
    Name of the Life Assured: S Swain Tag Line:
    Plan
    Age: 64* Unique Identification No: 101N092V12
    Policy Term 10 year(s) GST Rate: 4.5%* for first year
    Premium Payment Term: 5 year(s) 2.25%* second year onwards
    Amount of Installment Premium (Without
    Rs.100000 1.08 % on vesting benefits
    GST):
    Mode of Premium Payment Annual Vesting Age: 74
    *0% if qualifies as zero-rated supply under GST law

    "Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers
    guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will
    show two different rates of assumed future investment returns, of 8% p.a. and 4% p.a. These assumed rates of return are not guaranteed and they are not the upper or lower limits
    of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance."

    This benefit illustration is intended to show year wise premiums payable and benefits under the policy.

    Policy Details
    Policy Option HDFC Life Guaranteed Pension Plan Sum Assured Rs. 4,25,135
    Sum Assured on Death (at inception
    1,05,000
    of the policy) Rs.

    Premium Summary
    Base Plan Riders Total Installment Premium

    Instalment Premium without GST 1,00,000 0 1,00,000


    Instalment Premium with First Year GST 1,04,500 0 1,04,500

    Instalment Premium with GST 2nd Year Onwards 1,02,250 0 1,02,250


    (Amounts in Rupees.)
    Guaranteed Benefits Non Guaranteed Benefits
    Single /
    Policy Year Survival Benefits / Other Benefits Maturity /
    Annualized Premium Death Benefit Min Guaranteed Surrender Value Special Surrender Value
    Loyalty Additions if any Vesting Benefit

    1 1,00,000 0 0 0 1,06,000 0 0

    2 1,00,000 0 0 0 2,18,360 68,341 1,21,563


    3 1,00,000 0 0 0 3,37,462 1,19,387 1,98,989

    4 1,00,000 0 0 0 4,63,709 2,22,039 2,89,976


    5 1,00,000 0 0 0 5,97,532 2,81,694 3,96,375

    6 0 0 0 0 6,33,384 2,93,772 4,41,698

    7 0 0 0 0 6,71,387 3,08,745 4,92,379


    8 0 0 0 0 7,11,670 4,27,136 5,48,645

    9 0 0 0 0 7,54,370 5,49,864 6,10,728

    10 0 0 0 6,80,216 7,99,632 0 0

    Annuity Payable p.a. based on prevailing annuity rates(Rs) 68255


    Annuity Options Selected(the option can be changes anytime before vesting) Life Option

    Notes:

    1. The values shown above are for illustration purpose only. The actual annuity amount receivable depends on the prevailing annuity rates at the time of vesting.
    2. Annualised premium excludes underwriting extra premium, frequency loadingon premiums, the premium paid towards rider, if any and Goods & Service Tax
    3. Refer Sales literature for explanation of terms used in this illustration.

    I , have explained the premiums, charges and benefits under the product fully to I S Swain,having received the information with respect to the above, have
    the prospect / policy holder. understood the above 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".

    You might also like