Benefit Illustration for HDFC Life Guaranteed Wealth Plus
This Illustration has been produced by HDFC Life Insurance Company Limited to help you understand the benefits of your HDFC Life Guaranteed Wealth Plus DETAILS Name of the Prospect/Policyholder: Valued customer Proposal No: NA Age: 42 Name of Product: HDFC Life Guaranteed Wealth Plus A non-linked, non-participating individual life Name of Life Assured: Valued customer Tag Line: insurance Savings Plan. Age: 42 Unique Identification No: 101N165V08 Policy Term: 27 Years GST Rate: 4.5%* for first year 2.25%* second year Premium Paying Term: 6 Years onwards Amount of Instalment Premium Rs.500000 (Without GST): Mode: Annual *0% if qualifies as zero-rated supply under GST law
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy. "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."
Policy Details
Policy Option Income Variant Sum Assured Rs. 3000000
Guaranteed Income Payout Sum Assured on Death (at Annually 5900000 Mode inception of the policy) Rs. Guaranteed Income Amount Rs. 251000 Payout Term (years) 20
Premium Summary
PP PP Total Base Plan CI Rider IB Rider PP Rider (PAC) Rider Rider Instalment (ADC) (CC) Premium Instalment Premium without GST 5,00,000 0 0 0 0 0 5,00,000 Instalment Premium with First Year GST 5,22,500 0 0 0 0 0 5,22,500 Instalment Premium with GST 2nd Year Onwards 5,11,250 0 0 0 0 0 5,11,250
1/2 (Amount in Rupees) Policy Year Single/ Guaranteed Non Guaranteed Annualized Survival Benefits / Other benefits Maturity Benefit Death Benefit* Min Special Surrender Value Premium Loyalty Additions (if any) Guaranteed Surrender Value
1 5,00,000 0 0 0 59,00,000 0 0
2 5,00,000 0 0 0 59,00,000 3,00,000 6,76,800
3 5,00,000 0 0 0 59,00,000 5,25,000 10,99,500
4 5,00,000 0 0 0 59,00,000 10,00,000 15,87,900
5 5,00,000 0 0 0 59,00,000 12,50,000 21,49,800
6 5,00,000 0 0 0 59,00,000 15,00,000 27,94,500
7 0 0 0 0 50,00,000 15,00,000 30,28,800
8 0 2,51,000 0 0 50,00,000 12,49,000 30,32,100
9 0 2,51,000 0 0 50,00,000 11,48,000 30,35,100
10 0 2,51,000 0 0 50,00,000 8,97,000 30,38,100
11 0 2,51,000 0 0 50,00,000 6,46,000 30,40,800
12 0 2,51,000 0 0 50,00,000 3,95,000 30,43,500
13 0 2,51,000 0 0 50,00,000 2,94,000 30,45,600
14 0 2,51,000 0 0 50,00,000 43,000 30,47,400
15 0 2,51,000 0 0 50,00,000 0 30,48,600
16 0 2,51,000 0 0 50,00,000 0 30,49,500
17 0 2,51,000 0 0 50,00,000 0 30,49,800
18 0 2,51,000 0 0 50,00,000 0 30,49,500
19 0 2,51,000 0 0 50,00,000 0 30,48,600
20 0 2,51,000 0 0 50,00,000 0 30,46,800
21 0 2,51,000 0 0 50,00,000 0 30,44,100
22 0 2,51,000 0 0 50,00,000 0 30,40,500
23 0 2,51,000 0 0 50,00,000 0 30,35,700
24 0 2,51,000 0 0 50,00,000 0 30,29,400
25 0 2,51,000 0 0 50,00,000 0 30,21,600
26 0 2,51,000 0 0 50,00,000 0 30,12,000
27 0 2,51,000 0 30,00,000 50,00,000 0 0
Notes: 1. Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any and Goods and Service Tax. 2. Refer Sales literature for explanation of terms used in this illustration. 3. In the above illustration, benefits are assumed to be paid at the end of the year and premiums received at the beginning of the year. *The death benefit payable shall be the higher of Guaranteed Death benefit (illustrated above) and the surrender value applicable at the time of death.
I SATYJEET ANAND, have explained the premiums charges and benefits under the policy fully to I Valued customer ,having received the information with respect to the above, have understood the prospect / policy holder. the above statement before entering into the contract.
Place:
Date: Signature of Agent /Intermediary / Official Date: Signature of Prospect / Policyholder
