In this policy, the investment risk in investment portfolio is borne by the policyholder.

The Unit Linked Insurance Products do not offer any liquidity during the first five years of the
contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

I have big plans for my family.

I am glad they don’t cost big.

Minimal charges to get the most from your investments.

Click 2 Invest - ULIP

A Unit Linked Non Participating Life Insurance Plan
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO CHECK IF YOU ARE ELIGIBILE FOR THIS PLAN
IS BORNE BY THE POLICYHOLDER. Please see the below table to check for your age eligibility to purchase this
plan. You can choose your premium, premium payment term and level of
The Unit Linked Insurance Products do not offer any liquidity during the first protection subject to the limits mentioned below.
five years of the contract. The policyholder will not be able to surrender or
withdraw the monies invested in Unit Linked Insurance Products completely or Parameters Minimum Maximum
partially till the end of the fifth year. Age at Entry 0 years (30 days) 65 years
Age at Maturity 18 years 75 years
“HDFC Life Click 2 Invest – ULIP” is a Unit Linked Non Participating Life
Premiums Single: `. 24,000 No limit,
Insurance Plan that offers you market linked returns along with Annual: `. 12,000 subject to
valuable financial protection for your family. Half-yearly: `.6,000 Underwriting
Quarterly: `.3,000
Along with financial protection this plan also offers you a range of Monthly: `.1,000
investment funds. You can choose from among 11 fund options to Sum Assured (Fixed)– Single 125% of Single Premium
Premium
invest your money in.
Sum Assured (Fixed)-Regular & 10 x annualized premium
Limited Premium
(Age at Entry <= 55 years)
KEY FEATURES OF HDFC LIFE CLICK 2 INVEST - ULIP
Sum Assured (Fixed)- Regular & 7 x annualized premium
Limited Premium
Premium payment options of Single Pay, 5 Pay, 7 Pay, 10 Pay or (Age at Entry > 55 years)
Regular Pay
Policy Term 5 to 20 years
Premium Payment Term Single Pay
Choose from a range of 11 fund options Limited : 5, 7 and 10 years
Regular: 5 to 20 years
Riders HDFC Life Income Benefit on Accidental
TAX Tax benefits may be available as per prevailing tax laws Disability Rider (101B013V03)
HDFC Life Critical Illness Plus Rider
(101B014V02)
This plan is available with limited underwriting norms with a Short All ages mentioned above are age as of last birthday
Medical Questionnaire (SMQ) if the conditions are met. Otherwise, For all ages, risk commences from the date of inception of the policy .
the plan will be offered through full underwriting. Annualized Premium means the premium amount payable in a year excluding
the taxes, rider premiums and underwriting extra premium on riders, if any.

HOW WILL THIS PLAN WORK?

At the outset, you select:

Premium Premium Payment Term Policy Term Investment Fund(s)

Based on the above, the Sum Assured will be determined. Your premium shall be invested in the fund(s) you selected and in the proportion you specify.
On Maturity you will receive your fund Value as a lump-sum maturity benefit.
In case of death of life assured during policy term, the nominee will receive death benefit.

SNAPSHOT OF SAMPLE ILLUSTRATION

Illustration 1 Illustration 2 Illustration 3
1
Age at entry in years 7 30 45

Policy Term in years 20

Premium Payment Term in years 20 (Regular Pay)

What you pay? (`) 50,000 Annual Premium

Sum Assured (`) 5,00,000 Sum Assured

2
Assumed Rate of Return @ 8 % p.a. (`) 20,14,078 20,10,432 19,94,140
2
Assumed Rate of Return @ 4 % p.a. (`) 12,86,539 12,84,326 12,74,299

1. Scenario for a Healthy Male Life Assured

2. These assumed rate 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. 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. 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.
MORE DETAILS ON YOUR BENEFITS — Such discontinuance charges shall not exceed the charges stipulated in
A. Maturity Benefit: Benefits payable at the end of your policy term “Charges” section of this document.
At maturity you will receive your Fund Value. Fund Value will be calculated — The policy shall continue to be invested in the discontinued policy fund
by multiplying balance units in your fund by the then prevailing unit price. and the proceeds from the discontinuance fund shall be paid at the end
Your policy matures at the end of policy term you have chosen. All your risk of lock-in period. Only fund management charge can be deducted from
cover ceases at the end of policy term. this fund during this period. Further, no risk cover shall be available on
You can also take your fund value at maturity in periodical instalments such policy during the discontinuance period.
under settlement option. Please refer Terms and Conditions section for
more details. The minimum guaranteed interest rate applicable to the 'Discontinued Policy
Fund' shall be as per the prevailing regulations and is currently 4% p.a .The
B. Death Benefit: Benefits payable in case of unfortunate demise of proceeds of the discontinued policy shall be refunded only upon completion of
Life Assured the lock-in period.
In case of the Life Assured's unfortunate demise, we will pay to the nominee
the highest of the following: Proceeds of the discontinued policies means the fund value as on the date the
— Sum Assured,
policy was discontinued, after addition of interest computed at the interest
— Fund Value,
— 105% of the premium(s) paid. rate stipulated as above.
The policy will terminate thereafter and no more benefits will be payable.
Discontinuance of the policy after lock-in period
C. Partial Withdrawal: Withdraw amount from your Policy Fund a) Upon expiry of the grace period, in case of discontinuance of policy due to
Value

You can withdraw money from your funds to meet any future financial
non-payment of premium after lock-in period, the policy shall be converted
into a reduced paid up policy with the paid-up sum assured i.e. original sum
emergencies. Lump sum partial withdrawals can be made from your funds
after 5 complete policy years, provided the Life Assured is at least 18 assured multiplied by the total number of premiums paid to the original
years of age. number of premiums payable as per the terms and conditions of the policy.
The partial withdrawals shall not be allowed which would result in The policy shall continue to be in reduced paid-up status without rider
termination of the policy .
cover, if any. All charges as per terms and conditions of the policy shall be
D. Discontinuance of Premiums deducted during the revival period. However, the mortality charges shall be
Under this plan you get a grace period from your premium due date to pay deducted based on the reduced paid up sum assured only.
your premiums. This plan has a grace period of 15 days for monthly mode b) On such discontinuance, the company will communicate the status of the
and 30 days for other modes. During the grace period, the policy is policy, within three months of the first unpaid premium, to the policyholder
considered to be in-force with the risk cover without any interruption.
and provide the following options:
— To revive the policy within the revival period of three years, or
Discontinuance of the policy during lock-in period
a) For other than single premium policies, upon expiry of the grace period, — Complete withdrawal of the policy.
in case of discontinuance of policy due to non-payment of premium, the c) In case the policyholder opts for (1) above but does not revive the policy
fund value after deducting the applicable discontinuance charges, shall during the revival period, the fund value shall be paid to the policyholder at
be credited to the discontinued policy fund and the risk cover and rider the end of the revival period.
cover, if any, shall cease. d) In case the policyholder does not exercise any option as set out above, the
b) Such discontinuance charges shall not exceed the charges, stipulated in policy shall continue to be in reduced paid up status. At the end of the
“Charges” section of this document. All such discontinued policies shall revival period the proceeds of the policy fund shall be paid to the
be provided a revival period of three years from date of first unpaid policyholder and the policy shall terminate.
premium. On such discontinuance, the company will communicate the e) However, the policyholder has an option to surrender the policy anytime
status of the policy, within three months of the first unpaid premium, to and proceeds of the policy fund shall be payable.
the policyholder and provide the option to revive the policy within the In case of Single Premium Policies, the policyholder has an option to surrender
revival period of three years. the policy any time. Upon receipt of request for surrender, the fund value as on
— In case the policyholder opts to revive but does not revive the policy date of surrender shall be payable.
during the revival period, the proceeds of the discontinued policy fund E. Revival of Discontinued Policies
shall be paid to the policyholder at the end of the revival period or lock-in You can revive a discontinued policy within three consecutive years from
period whichever is later. In respect of revival period ending after lock-in date of first unpaid premium subject to payment of all due and unpaid
period, the policy will remain in discontinuance fund till the end of revival premiums and our underwriting policy.
period. The Fund management charges of discontinued fund will be Revival of a Discontinued Policy during lock-in Period:
applicable during this period and no other charges will be applied. a) You can revive the policy in accordance with Board approved
— In case the policyholder does not exercise the option as set out above, the
Underwriting policy, the policy shall be revived restoring the risk cover,
policy shall continue without any risk cover and rider cover, if any, and the
along with the investments made in the segregated funds as chosen by
policy fund shall remain invested in the discontinuance fund. At the end
you, out of the discontinued fund, less the applicable charges as in sub-
of the lock-in period, the proceeds of the discontinuance fund shall be
section (b) below, in accordance with the terms and conditions of the
paid to the policyholder and the policy shall terminate.
policy.
— However, the policyholder has an option to surrender the policy anytime
b) At the time of revival:
and proceeds of the discontinued policy shall be payable at the end of
— All due premiums which have not been paid shall be payable without
lock-in period or date of surrender whichever is later.
c) In case of Single premium policies, the policyholder has an option charging any interest or fee.
to surrender any time during the lock-in period. Upon receipt of request for — Policy administration charge and premium allocation charge as
surrender, the fund value, after deducting the applicable discontinuance applicable during the discontinuance period shall be levied.
charges, shall be credited to the discontinued policy fund. Guarantee charges, if applicable during the discontinuance period,
 shall be deducted provided the guarantee continues to be F. Loans
applicable. No other charges shall be levied. No policy loans are available for this product. .
— The discontinuance charges deducted at the time of discontinuance
CHOOSE YOUR INVESTMENT FUNDS
of the policy shall be added back to the fund.
Revival of a Discontinued Policy after lock-in Period: This is a unit linked plan; the premiums you pay in this plan are subject
a) You can revive the policy in accordance with Board approved to investment risks associated with the capital markets. The unit
Underwriting policy, the policy shall be revived restoring the original risk prices of the funds may go up or down, reflecting changes in the
capital markets.
cover in accordance with the terms and conditions of the policy.
b) At the time of revival: HDFC Life Click 2 Invest - ULIP gives you option of 11 different funds to
— All due and unpaid premiums under base plan which have not been invest your money.
paid shall be payable without charging any interest or fee. The Each fund has its own Investment policy, based on asset allocation between
policyholder also has the option to revive the rider. equity, debt and money market instruments.
— Premium allocation charge as applicable shall be levied. The You can invest in a combination of funds by allocating your fund between
guarantee charges shall be deducted, if guarantee continues to be different fund options. Also you can switch between funds using fund switch
applicable. option at any time.
— No other charges shall be levied. You can choose either all or a combination of the following funds:

ASSET CLASS
Money Market Government
Instruments Cash & Securities, RISK &
FUND SFIN DETAILS Equity
Deposits & Liquid Fixed Income RETURN
Mutual Fund* Securities RATING

FUND COMPOSITION
Equity Plus ULIF05301/08/13 To generate long term capital appreciation in line or 80% to
0% to 20% 0% to 20% Very High
Fund EquityPlus101 better than Nifty index returns 100%
To generate long term capital appreciation by
Diversified ULIF05501/08/13 60% to
investing in high potential companies across the 0% to 40% 0% to 40% Very High
Equity Fund DivrEqtyFd101 100%
market cap spectrum

Blue Chip ULIF03501/01/10 Exposure to large –cap equities & equity related in 80% to
0% to 20% - Very High
Fund BlueChipFd101 struments 100%

Opportunities ULIF03601/01/10 Exposure to mid –cap equities & equity related 80% to
0% to 20% - Very High
Fund OpprtntyFd101 instruments 100%
Dynamic Equity exposure to enhance the returns Moderate
Balanced ULIF03901/09/10 40% to
while the Debt allocation reduces the volatility of 0% to 20% 0% to 60%
Fund BalancedFd101 80% to High
returns
ULIF03401/01/10 Higher potential returns due to higher duration and
Income Fund 0% to 20% 80% to100% - Moderate
IncomeFund101 credit exposure

ULIF05601/08/13 Active allocation across all fixed income instruments 0% to 60% 40% to 100% - Moderate
Bond Fund
Bond Funds101
To invest in high grade fixed income instruments and
Conservative ULIF05801/08/13
Government securities at the short end of the yield 0% to 60% 40% to 100% - Low
Fund ConsertvFd101
curve, to deliver stable returns

Long term capital growth by investing predominantly

in mid-cap companies. The fund may invest upto 25%
Discovery ULIF06618/01/18 of the portfolio in stocks outside the mid-cap index 90% to
0% to 10% 0% to 10% Very high
Fund DiscvryFnd101 apitalisation range. Upto 10% of the fund may be 100%
invested in Fixed income instruments, money market
instruments, cash, deposits and Liquid mutual funds.
Long term capital growth through diversified
investments in companies across the market
Equity
ULIF06723/03/18 capitalisation spectrum. Upto 20% of the fund may 80% to
Advantage 0% to 20% 0% to 20% Very high
EqtyAdvtFd101 be invested in Fixed income instruments, money 100%
Fund market instruments, cash, deposits and Liquid
mutual funds
 Secure Managed fund invests 100% in Government
Securities and Bonds issued by companies or other
bodies with a high credit standing, however up to
25% of the fund may be invested in Public Deposits
Secure and Money Market Instrument to facilitate the day-
ULIF00202/01/04 Low to
Managed to-day running of the fund. This fund has a low 0% to 25%* 75% to 100% -
Secure MgtF101 Moderate
Fund level of risk but unit prices may still go up or down.
*0 % to 5% can be invested Money Market
instruments
*0 to 20% can be invested in Bank
Deposits/Public Deposits

Note: Investment in Mutual Funds will be made as per Mutual Fund limits prescribed by IRDAI regulations and guidelines. As per (IRDAI (Investment) Regulations, 2016 Master
Circular), the Investment limit in Mutual Funds is 7% of Investment assets. This will apply at overall level and at SFIN level, the maximum exposure shall not exceed 15%.
The asset allocation for the Discontinued Policy Fund (SFIN: ULIF05110/03/11DiscontdPF101) shall be as per the prevailing regulatory requirements. Currently, the asset
allocation is as follows:
(i) Money Market Instruments: 0% to 40%
(ii) Government securities: 60% to 100%.
You can access the value of policy wise units held by you, through a secured login, as per the format D02 prescribed under IRDAI Investment Regulations, 2016.
For risk factors please refer Terms & Conditions section below.

FLEXIBILITIES
web portal. This will be levied on the unit fund at the time of part withdrawal of
— Switching: You can move your accumulated funds from one fund to
the fund during the contract period.
another anytime.
• Switching charge: There are 4 free switches in each policy year. Subsequent
— Premium Redirection: You can pay your future premiums into different
switches, if any, will attract a charge of ` 250 per request or a reduced charge of `
funds as per your need. First 4 free premium redirections in any policy 25 per request if executed through the company’s web portal. This charge will be
year are free of cost. levied on switching of monies from one fund to another available fund within the
Subsequent premium redirections will be charged. Unused free premium product. The charge per each switch will be levied at the time of effecting the
redirections cannot be carried forward. switch.
• Premium Redirection: There are 4 free premium redirections in each policy
CHARGES
year. Subsequent premium redirections, if any, will attract a charge of ` 250 per
The charges under this product are very competitive and are stated below: request or a reduced charge of ` 25 per request if executed through the company’s
web portal.
Charge Description How much
All the above charges except for Mortality charge are subject to revision upto the
Fund The daily unit price is calculated 0.80% p.a. of the fund maximum allowable as per applicable regulation with prior approval of IRDAI.
Management allowing for deductions for the fund value, charged daily for
Charge (FMC) m a n a g e m e nt c h a r g e , w h i c h i s Secure Managed Fund. Taxes & other duties
charged daily. This charge will be 1.35% p.a. of the fund Taxes and levies as applicable will be charged and are payable by you by any method
subject to the maximum cap as value, charged daily, for including by levy of an additional monetary amount in addition to premium and or
allowed by IRDAI all other funds. charges.
0.50% p.a. of the fund Rider Options
value for Discontinued
We offer the following Rider options (as modified from time to time) to help
Policy Fund.
you enhance your protection
Mortality Every month we levy a charge for The amount of the
Rider UIN Scope of Benefits**
Charge providing you with the death benefit charge taken each
HDFC Life Income 101B013V03 A benefit equal to 1% of Rider Sum
in your policy. This charge will be month depends on
Benefit on Accidental Assured per month for the next 10
taken by cancelling units your age and level of Disability Rider years, in case of an Accidental Total
proportionately from each of the cover. Permanent Disability. There is no
f u n d ( s ) yo u h ave c h o s e n . T h e maturity benefit available under this
mortality charge and other risk rider.
benefit charge are guaranteed for the
HDFC Life Critical 101B014V02 A lump sum benefit equal to the
entire duration of the policy term.
Illness Plus Rider Rider Sum Assured shall be payable
Discontinuance in case you are diagnosed with any
Nil
Charge of the 19 Critical Illnesses and
survive for a period of 30 days
In addition, only if you request for partial withdrawal, fund switch and premium following the diagnosis. There is no
redirection following charges will be charged on such requests maturity benefit available under this
• Partial withdrawal charge: There are 4 free partial withdrawals in each p o l i c y rider.
year. Subsequent partial withdrawals, if any, will attract a charges ` 2 5 0 p e r **For all details on Riders, kindly refer to the Rider Brochures available
request or a reduced charge of ` 25 per request if executed through the company’s on our website
 F) Cancellation in the Free-Look period:
TERMS & CONDITIONS
In case you are not agreeable to the any of the policy terms and conditions, you have
We recommend that you read and understand this product brochure &
the option of returning the policy to us stating the reasons thereof, within 15 days
customised benefit illustration and understand what the plan is, how it works
from the date of receipt of the policy. The Free-Look period for policies purchased
and the risks involved before you purchase. We have appointed Certified
through distance marketing (specified below) will be 30 days. On receipt of your
Financial Consultants, duly licensed by IRDAI, who will explain our plans to you
letter along with the original policy documents, we shall arrange to refund you the
and advise you on the correct insurance solution that will meet your needs.
value of units allocated to you on the date of receipt of request subject to deduction
Ÿ A)Risk Factors:
of the proportionate risk premium for the period on cover, the expenses incurred by
Ÿ Unit linked insurance products are different from the traditional insurance
us on medical examination, if any, and stamp duty.
products and are subject to the risk factors.
Ÿ The premiums paid in Unit Linked Insurance policies are subject to investment Distance Marketing refers to insurance policies sold through any mode apart from
risks associated with capital markets and the NAVs of the units may go up or face-to-face interactions such as telephone, internet etc (Please refer to
down based on the performance of funds and factors influencing the capital “Guidelines on Distance Marketing of Insurance Product” for exhaustive definition of
market and the insured is responsible for his/her decisions. Distance Marketing)
Ÿ HDFC Life Insurance Company Limited is only the name of the Life Insurance G) Alterations:
Company and “HDFC Life Click 2 Invest - ULIP” is only the name of the Unit Linked — Change of Premium frequency is allowed.
Insurance contract and does not in any way indicate the quality of the contract, — Change in fund options
its future prospects or returns. — Increase or decrease of sum assured and premiums are not allowed.
Ÿ Please know the associated risks and the applicable charges, from your — Increase in premium payment term or policy term are allowed.
Insurance agent or the Intermediary or policy document issued by insurance — Decrease in premium payment term or policy term are not allowed.
company. H) Nomination as per Section 39 of the Insurance Act 1938 as amended
Ÿ The various funds offered under this contract are the names of the funds and do from time to time:
not in any way indicate the quality of these plans, their future prospects and 1) The policyholder of a life insurance on his own life may nominate a person or
returns. persons to whom money secured by the policy shall be paid in the event of his
death.
B) Unit Prices: 2) Where the nominee is a minor, the policyholder may appoint any person to
We will set the Unit Price of a fund as per the IRDAI’s guidelines. The unit price of Unit receive the money secured by the policy in the event of policyholder's death
Linked Funds shall be computed as: Market Value of Investments held by the fund during the minority of the nominee. The manner of appointment to be laid down
plus the value of any current assets less the value of current liabilities and by the insurer.
provisions, if any. Dividing by the number of units existing at the valuation date 3) Nomination can be made at any time before the maturity of the policy.
before any units are allocated/redeemed, gives the unit price of the fund under 4) Nomination may be incorporated in the text of the policy itself or may be
consideration. We round the resulting price to the nearest Re. 0.0001. This price will endorsed on the policy communicated to the insurer and can be registered by the
be daily published on our website and in leading national newspapers. Units shall insurer in the records relating to the policy.
only be allocated on the day the proposal is accepted and results into a policy by 5) Nomination can be cancelled or changed at any time before policy matures, by an
adjustment of application money towards premium. The premium will be adjusted endorsement or a further endorsement or a will as the case may be.
on the due date even if it has been received in advance and the status of the premium 6) A notice in writing of Change or Cancellation of nomination must be delivered to
received in advance shall be communicated to the policyholder. the insurer for the insurer to be liable to such nominee. Otherwise, insurer will
C) Suicide Exclusion : not be liable if a bonafide payment is made to the person named in the text of the
In case of death due to suicide within 12 months from the date of commencement of policy or in the registered records of the insurer.
the policy or from the date of revival of the policy, as applicable, the nominee or the 7) Fee to be paid to the insurer for registering change or cancellation of a
beneficiary of the policyholder shall be entitled to the fund value, as available on the nomination can be specified by the Authority through Regulations.
date of intimation of death. 8) A transfer or assignment made in accordance with Section 38 shall automatically
Further any charges other than Fund Management Charges (FMC) and guarantee cancel the nomination except in case of assignment to the insurer or other
charges recovered subsequent to the date of death shall be added back to the fund transferee or assignee for purpose of loan or against security or its reassignment
value as available on the date of intimation of death. after repayment. In such case, the nomination will not get cancelled to the extent
D) Settlement Option: of insurer's or transferee's or assignee's interest in the policy. The nomination will
Settlement Option will be available subject to: get revived on repayment of the loan.
• The investment risk during the settlement period continues to be borne by the 9) The provisions of Section 39 are not applicable to any life insurance policy to
Policyholder. which Section 6 of Married Women's Property Act, 1874 applies or has at any time
• You can take your fund value at maturity in periodical instalments over a applied except where before or after Insurance Laws (Amendment),Bill 2015, a
settlement period of 5 years. nomination is made in favour of spouse or children or spouse and children
— The first instalment under settlement option will be payable on the date of whether or not on the face of the policy it is mentioned that it is made under
maturity. Section 39. Where nomination is intended to be made to spouse or children or
• During the settlement period the units will be redeemed systematically. Units as spouse and children under Section 6 of MWP Act, it should be specifically mentioned
of maturity date will be redeemed in 60 monthly instalments beginning from the on the policy. In such a case only, the provisions of Section 39 will not apply.
maturity date. Every month, 1/60th of the units as of maturity date would be I) Assignment as per Section 38 of the Insurance Act 1938 as amended
redeemed and paid to the policyholder. from time to time:
• If the Fund Value at Maturity is greater than or equal to Rs 1 Lakh 1) This policy may be transferred/assigned, wholly or in part, with or without
• In case of settlement period after maturity, the risk cover will be maintained at consideration.
105% of the total premiums paid. Accordingly, mortality charges will be 2) An Assignment may be effected in a policy by an endorsement upon the policy
deducted. The death benefit shall be the higher of: itself or by a separate instrument under notice to the Insurer.
— Total Fund value as on date of death 3) The instrument of assignment should indicate the fact of transfer or assignment
— 105% of Total premiums paid and the reasons for the assignment or transfer, antecedents of the assignee and
• During the settlement period, the charges levied are mortality charge, switching terms on which assignment is made.
charge and Fund Management Charge and no other charges shall be levied. 4) The assignment must be signed by the transferor or assignor or duly authorized
• Switches will be allowed during the settlement period. Partial withdrawals will agent and attested by at least one witness.
not be allowed during the settlement period.. 5) The transfer or assignment shall not be operative as against an Insurer until a
• Complete withdrawal may be allowed at any time during this period without notice in writing of the transfer or assignment and either the said endorsement
levying any charge. or instrument itself or copy there of certified to be correct by both transferor and
E) Tax Benefits transferee or their duly authorized agents have been delivered to the Insurer.
Tax Benefits may be available as per prevailing tax laws. You are requested to consult 6) Fee to be paid for assignment or transfer can be specified by the Authority
your tax advisor.
 through Regulations. on the ground of fraud: Provided that the insurer shall have to communicate in
7) On receipt of notice with fee, the Insurer should Grant a written writing to the insured or the legal representatives or nominees or assignees of
acknowledgement of receipt of notice. Such notice shall be conclusive evidence the insured the grounds and materials on which such decision is based.
against the insurer of duly receiving the notice. 3) Notwithstanding anything contained in sub-section (2), no insurer shall
8) The Insurer may accept or decline to act upon any transfer or assignment or repudiate a life insurance policy on the ground of fraud if the insured can prove
endorsement, if it has sufficient reasons to believe that it is (a) not bonafide or (b) that the mis-statement of or suppression of a material fact was true to the best of
not in the interest of the policyholder or (c) not in public interest or (d) is for the his knowledge and belief or that there was no deliberate intention to suppress
purpose of trading of the insurance policy. the fact or that such mis-statement of or suppression of a material fact are within
9) In case of refusal to act upon the endorsement by the Insurer, any person the knowledge of the insurer: Provided that in case of fraud, the onus of
aggrieved by the refusal may prefer a claim to IRDAI within 30 days of receipt of disproving lies upon the beneficiaries, in case the policyholder is not alive.
the refusal letter from the Insurer. 4) A policy of life insurance may be called in question at any time within three years
Section H (Nomination) and I (Assignment or Transfer) are simplified versions from the date of issuance of the policy or the date of commencement of risk or the
prepared for general information only and hence are not comprehensive. For full date of revival of the policy or the date of the rider to the policy, whichever is later,
texts of these sections please refer to Section 38 and Section 39 of the Insurance on the ground that any statement of or suppression of a fact material to the
Act, 1938 as amended by Insurance Laws (Amendment),Bill 2015. expectancy of the life of the insured was incorrectly made in the proposal or
J) Prohibition of Rebates: In accordance with Section 41 of the Insurance other document on the basis of which the policy was issued or revived or rider
Act, 1938, as amended from time to time: issued: Provided that the insurer shall have to communicate in writing to the
1) No person shall allow or offer to allow, either directly or indirectly, as an insured or the legal representatives or nominees or assignees of the insured the
inducement to any person to take or renew or continue an insurance in respect of grounds and materials on which such decision to repudiate the policy of life
any kind of risk relating to lives or property in India, any rebate of the whole or insurance is based: Provided further that in case of repudiation of the policy on
part of the commission payable or any rebate of the premium shown on the policy, the ground of misstatement or suppression of a material fact, and not on the
nor shall any person taking out or renewing or continuing a policy accept any ground of fraud, the premiums collected on the policy till the date of repudiation
rebate, except such rebate as may be allowed in accordance with the published shall be paid to the insured or the legal representatives or nominees or
prospectuses or tables of the insurer: assignees of the insured within a period of ninety days from the date of such
2) Any person making default in complying with the provisions of this section shall repudiation.
be liable for a penalty which may extend to ten lakh rupees. 5) Nothing in this section shall prevent the insurer from calling for proof of age at
K) Non-Disclosure: In accordance with Section 45 of the Insurance Act, any time if he is entitled to do so, and no policy shall be deemed to be called in
1938 as amended from time to time: question merely because the terms of the policy are adjusted on subsequent
1) No policy of life insurance shall be called in question on any ground whatsoever proof that the age of the life insured was incorrectly stated in the proposal..
after the expiry of three years from the date of the policy, i.e., from the date of L) In case of fraud or misrepresentation including non-disclosure of any material
issuance of the policy or the date of commencement of risk or the date of revival facts, the Policy shall be cancelled immediately and the Surrender Value shall be
of the policy or the date of the rider to the policy, whichever is later. payable, subject to the fraud or misrepresentation being established in
2) A policy of life insurance may be called in question at any time within three years accordance with Section 45 of the Insurance Act, 1938
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,

Contact us today

To buy: 1800-266-9777 (Toll free)

(Available all days 9am to 9pm)

Visit us at www.hdfclife.com

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], Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com
The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an
agreement entered into with HDFC Limited.
HDFC Life Click 2 Invest - ULIP (Form No. P501-127 UIN : 101L100V03) is a unit linked non participating life 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/09/19/15659.

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

• 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.
 Stay fixed on your family's dreams
even in uncertain times.
Sanchay Fixed Maturity Plan
A Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan

DREAM
D
SG R
FIXE

UA

AN
TEED

Guaranteed1 Joint Tax

lumpsum payout Life cover2 Benefits3

Sanchay Fixed Maturity Plan

A Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan

1. Provided all due premiums have been paid and the policy is in force.
2. Applicable only for single pay option.
3. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
 Sanchay Fixed Maturity Plan
A Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan

With every life stage, there are different dreams and set of milestones that you would like to achieve for
yourself and your family. While the milestones are quantifiable, life itself is uncertain. You can’t avoid
uncertainties but can definitely plan to manage them better. To help you achieve the same, we at HDFC Life
bring you “HDFC Life Sanchay Fixed Maturity Plan”, a life insurance plan that safeguards your loved ones’
future in case of unforeseen events and provides guaranteed returns in the form of a lumpsum benefit to
help you attain your milestones.

KEY FEATURES OF HDFC LIFE SANCHAY FIXED MATURITY PLAN

Single/ Joint Life Cover Flexibility of Premiums

Option to choose cover on Option of single Pay/ limited/
Single Life or Joint Life basis regular premium payment term

Choice of Policy Terms

Guaranteed* Savings
Option to choose from a range of
Stay assured of the returns
Policy Terms upto 40 years

Optional Riders No medical examinations

Enhance your protection Under the POS variant of the
coverage with rider options on product
payment of additional premium

Enhanced benefit
Enhanced maturity benefit for
higher premiums

* Provided the policy is in force and all due premiums have been paid.
 ELIGIBILITY

Eligibility Minimum Maximum

Criteria
Single Life Joint Life Single Life Joint Life^
Single Premium
Death Benefit Multiple
70 years Single Premium:
(DBM) 1.25-1.5
Age at Entry 60 years
90 days 90 days* Death Benefit Multiple
(years) 50 years
(DBM) 10
Regular/Limited
Regular/Limited Pay: 65 years
Pay: NA
Single Premium
Death Benefit Multiple
90 years Single Premium:
(DBM) 1.25-1.5
Age at Maturity
18 years 80 years
(years) Death Benefit Multiple 70 years
(DBM) 10
Regular/Limited
Regular/Limited Pay: 85 years
Pay: NA

Premium Payment Term (in yrs) Policy Term (in yrs)

Single Premium 5 to 40 years

5
Premium Payment
6
Term (PPT)
7
and Policy Term (PT)
8 PPT to 40 years
10
12
15
20

Single Premium: `10,000

Annual: ` 10,000
Premium No maximum limit, subject to Board
Half yearly: ` 5,100
(Per Instalment)$ Approved Underwriting Policy
Quarterly: ` 2,600
Monthly: ` 875
Sum Assured Single Premium: ` 12,500 No maximum limit, subject to Board
on Death Regular/Limited Pay: ` 70,000 Approved Underwriting Policy

*Subject to the other life being at least 18 years

^Applicable to both the lives
$ Premium amounts are exclusive of taxes and levies as applicable

All ages mentioned above are age last birthday. 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. Also, in
case of minor life, the relationship between the proposer and life assured shall be specified and the cover shall be
granted to the extent of insurable interest only. If the life assured(s) is major, the policyholder(s) and the life
assured(s) shall be the same person/people.
 ELIGIBILITY CRITERIA FOR POS VARIANT

Eligibility Minimum Maximum

Criteria Single Life Joint Life Single Life Joint Life^
Single Premium
Death Benefit Multiple
(DBM) 1.25-1.5 60 years Single Premium:
Age at Entry 60 years
90 days 90 days* Death Benefit Multiple
(years) 50 years
(DBM) 10
Regular/Limited
Regular/Limited Pay: 60 years
Pay: NA
Single Premium:
Single Premium: 65 years
Age at Maturity 65 years
18 years
(years) Regular/Limited
Regular/Limited Pay: 65 years
Pay: NA
Premium Payment Term (in yrs) Policy Term (in yrs)
Single Premium 5 to 20 years
5
Premium Payment 6
Term (PPT) 7
and Policy Term (PT) 8 PPT to 20 years
10
12
15
20
Single Premium: `10,000
Annual: ` 10,000 No maximum limit, subject to Board Approved
Premium
Half yearly: ` 5,100 Underwriting Policy and the maximum Sum
(Per Instalment)$
Quarterly: ` 2,600 Assured on Death defined below
Monthly: ` 875
Sum Assured Single Premium: ` 12,500
` 25,00,000#
on Death Regular/Limited Pay: ` 70,000
*Subject to the other life being at least 18 years
^Applicable to both the lives
$Premium amounts are exclusive of taxes and levies as applicable
#Maximum Sum Assured on Death applicable for POS Variant. Higher Sum Assured on Death can be availed by applying for this product through other intermediaries
All ages mentioned above are age last birthday. 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. Also, in
case of minor life, the relationship between the proposer and life assured shall be specified and the cover shall be
granted to the extent of insurable interest only. If the life assured(s) is major, the policyholder(s) and the life
assured(s) shall be the same person/people.
Riders are not available for the POS Variant.

ELIGIBILITY FOR JOINT LIFE

Cover will be granted up to the extent of insurable interest only. Insurable interest will be established at the time of
issuing the policy and the policy shall be issued only where need for insurance is satisfied as per underwriting norms of
our Board Approved Underwriting Policy (BAUP).
In case of Joint Life policies, at least one life has to be a major. In case one of the lives is a minor, the major life will be the
policyholder. In case, both lives are major, any one of them can be the policyholder.
Premium payable at other than Annual frequency shall be calculated by multiplying the Annual Premium by Conversion
Factors as below:

Frequency Conversion factor

Half-yearly 0.5100
Quarterly 0.2600
Monthly 0.0875

BENEFITS IN DETAIL
General definitions of terms used:
Annualised Premium or Single Premium: The premium amount payable in a year chosen by the policyholder for a
Regular/Limited pay policy or paid by the policyholder at the outset in case of Single Pay policy, excluding taxes, rider
premiums, underwriting extra premiums and loadings for modal premiums, if any.
Annual Premium: The premium amount payable in a year chosen by the policyholder for a Regular/Limited pay policy,
excluding taxes and rider premiums, but including underwriting extra premiums and loadings for modal premiums, if any
Total Premiums Paid: Total of all the premiums received, excluding any extra premium, any rider premium and taxes
Sum Assured on Death: The absolute amount of benefit which is guaranteed to become payable on death of the life
assured in accordance with the terms and conditions of the policy. It’s defined as 7 times Annualized premium for a
Regular/Limited pay policy and 1.25 times Single Premium for a Single Pay policy
Sum Assured on Maturity: The amount which is guaranteed to become payable on maturity of the policy, in accordance
with the terms and conditions of the policy
 DEATH BENEFIT
Death Benefit Multiple: Under the Single Premium variant of this product, the policyholder can choose the Death
Benefit Multiple (DBM) in any one of the following two ways

DBM under Single Life DBM under Joint Life

1.25-1.5x depending on the age of life(s) assured(as defined below)

10-15x depending on the age of lives assured

10x
(as defined below)

Death benefit multiple for Single Premium varies by age as below:

1.25-1.5x DBM(applicable for Single/ Joint Life) 10-15x DBM(applicable for Joint life)
Death Death Death Death Death Death Death Death
Age* Benefit Age* Benefit Age* Benefit Age* Benefit Age* Benefit Age* Benefit Age* Benefit Age* Benefit
Multiple Multiple Multiple Multiple Multiple Multiple Multiple Multiple
0 1.5 18 1.45 36 1.38 54 1.31 0 15 18 13.7 36 11.9 54 10.3
1 1.5 19 1.45 37 1.38 55 1.31 1 15 19 13.6 37 11.8 55 10.25
2 1.5 20 1.44 38 1.37 56 1.3 2 15 20 13.5 38 11.7 56 10.2
3 1.5 21 1.44 39 1.37 57 1.3 3 15 21 13.4 39 11.6 57 10.15
4 1.5 22 1.44 40 1.37 58 1.3 4 15 22 13.3 40 11.5 58 10.1
5 1.5 23 1.43 41 1.36 59 1.29 5 15 23 13.2 41 11.4 59 10.05
6 1.5 24 1.43 42 1.36 60 1.29 6 14.9 24 13.1 42 11.3 60 10
7 1.49 25 1.42 43 1.35 61 1.29 7 14.8 25 13 43 11.2
8 1.49 26 1.42 44 1.35 62 1.28 8 14.7 26 12.9 44 11.1
9 1.49 27 1.42 45 1.35 63 1.28 9 14.6 27 12.8 45 11
10 1.48 28 1.41 46 1.34 64 1.27 10 14.5 28 12.7 46 10.9
11 1.48 29 1.41 47 1.34 65 1.27 11 14.4 29 12.6 47 10.8
12 1.47 30 1.4 48 1.34 66 1.27 12 14.3 30 12.5 48 10.7
13 1.47 31 1.4 49 1.33 67 1.26 13 14.2 31 12.4 49 10.6
14 1.47 32 1.4 50 1.33 68 1.26 14 14.1 32 12.3 50 10.5
15 1.46 33 1.39 51 1.32 69 1.25 15 14 33 12.2 51 10.45
16 1.46 34 1.39 52 1.32 70 1.25 16 13.9 34 12.1 52 10.4
17 1.45 35 1.39 53 1.32 17 13.8 35 12 53 10.35
* Age refers to age last birthday as at entry date
The DBM for Single Pay has to be chosen at the outset of the contract and can’t be changed later during the policy
tenure. The DBM will be multiplied to the Single Premium.
For Regular/Limited pay variant, the DBM will be fixed at 10 which will be multiplied to the Annual Premium.
In case of death of Life/Lives Assured during the policy term, the following death benefit shall be payable:

Single Life Coverage

The death benefit payable to the nominee under a Single Life policy shall be highest of the following:
 Sum Assured on Death
 Death Benefit Multiple (as chosen by the policyholder) times Single Premium (plus any underwriting extra premium)
for a Single Pay policy OR 10 times Annual Premium for a Regular/Limited Pay policy
 105% of Total Premiums Paid till the date of death
 Surrender value applicable as on the date of death
Upon the payment of the death benefit, the policy terminates and no further benefits are payable.

Joint Life Coverage

First death: The death benefit payable on first death of any of the lives assured shall be the higher of
 Sum Assured on Death
 105% of Total Premiums paid till the date of death
Upon the payment of this benefit on first death, the policy continues for the surviving life assured
Second death: The death benefit payable on the second death shall be highest of the following:
 Sum Assured on Death
 Death Benefit Multiple (as chosen by the policyholder) times Single Premium (plus any underwriting extra premium)
 105% of Total Premiums paid till the date of death
 Surrender value applicable as on the date of death

Simultaneous death of both lives:

 In case of simultaneous death of both the lives, the death benefit as mentioned above for first and second death
shall be payable.
 The death benefit for the elder life shall be paid in accordance with the death benefit under ‘First death’ above and
the death benefit for younger life shall be paid in accordance with the death benefit under ‘Second death’ above.
Upon the payment of this benefit on the second death, the policy terminates and no further benefits are payable.

MATURITY BENEFIT
This product offers a guaranteed maturity benefit payable as a lump sum at the end of policy. The maturity benefit is
equal to Sum Assured on Maturity. Where, Sum Assured on Maturity is equal to (Annualized Premium or Single
Premium) x Guaranteed Maturity Multiple (GMM). The GMM varies by age and premium payment term and are available
on the Company’s website.
Once Maturity Benefit is paid, the policy terminates and no further benefits are payable.
RIDERS
We offer the following Rider options (as modified from time to time) to help you enhance your protection:
Rider UIN Scope of Benefits**
A benefit equal to 1% of Rider Sum Assured per month for the
HDFC Life Income Benefit on
101B013V03 next 10 years, in case of an Accidental Total Permanent
Accidental Disability Rider
Disability. There is no maturity benefit available under this rider.

A lump sum benefit equal to the Rider Sum Assured shall be

payable in case you are diagnosed with any of the 19 Critical
HDFC Life Critical Illness Plus Rider 101B014V02
Illnesses and survive for a period of 30 days following the
diagnosis. There is no maturity benefit available under this rider.

The rider provides protection against cancer and accidental

HDFC Life Protect Plus Rider 101B016V01 death or disability. There is no maturity benefit available under
this rider.
**For all details on Riders, kindly refer to the Rider Brochures available on our website
The Rider Policy Term and Premium Payment Term shall be consistent with the Base Policy’s Policy Term and Premium
Payment Term. Any rider coverage terminates as soon as the base coverage terminates by way of claim or surrender or
maturity. Riders will not be available if the term of the rider exceeds outstanding term under the base policy
Sample Illustration:

`1,200,670 paid
on Maturity
Mr. Kumar
Pays `100,000p.a. for 10 years

0 1 2 3 4 5 6 7 8 9 10
Age 35,
Single Life Option Policy Term of 10 years

Below illustration depicts the death and maturity benefits for Single and Joint Life policies.
Sample Illustration: Single Life Coverage

Age Policy Term Premium Payment Premium Maturity Benefit Death Benefit
(Years) (Years) Term (Years) (in `) (in `) at inception (in `)

35 15 10 1,00,000 1,721,770 1,000,000

40 20 8 1,00,000 1,893,280 1,000,000
45 25 5 1,00,000 1,695,150 1,000,000

Sample Illustration: Joint Life Coverage

Death Benefit at inception (in `)
Maturity
Age Policy Term Premium Payment Premium Second Death@
Benefit First
(Years) (Years) Term (Years) (in `) Life Life
(in `) Death (A)
Assured 1 (B) Assured 2 (C)
30#/35& 20 Single Premium 100,000 320,710 125,000 1,250,000 1,200,000
40#/45& 15 Single Premium 100,000 226,400 125,000 1,150,000 1,100,000
50#/55& 10 Single Premium 100,000 154,550 125,000 1,050,000 1,025,000

Notes:
1. The premiums are excluding applicable taxes & levies. Maturity Benefits shall be payable provided all due premiums have been
paid and the policy is in force
2. All ages mentioned above are age last birthday.
3. Joint Life Death Benefit:
# Life Assured 1
& Life Assured 2
@ Death Benefit in case of Second death is based on DBM 10-15X
(A) shall be payable in case of First Death of either Life Assured
(B) or (C) shall be payable depending on whether Life Assured 1 or 2 dies second
 NON-FORFEITURE BENEFITS
To enjoy the policy benefits, it is important that you pay all due premiums by the due date. This section details the
benefits and limitations in case premiums are not paid during the term of the policy.

Grace period:
Grace period is not applicable for Single Premium. For Regular/ Limited Premium payment term 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.
Should a valid claim arise under the policy during the grace period, but before the payment of due premium, we shall
honor the claim. In such cases, the due and unpaid premium for the policy year will be deducted from any benefit
payable.

Lapse, Paid-up and Surrender:

The policy shall acquire a Guaranteed Surrender Value (cash value) immediately on the payment of Single Premium and
on payment of at least first two year's premium in case of a Regular/ Limited Pay policy.
For a Regular/ Limited Pay policy - 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 benefits shall cease and nothing is payable on death, maturity or surrender
Once the policy becomes paid-up, the maturity and death benefit payouts shall reduce as defined below:

Paid-up Maturity/Death benefit:

Once the policy becomes reduced paid-up, the following benefits shall be payable:.
 On Maturity, “Paid-up Sum Assured on Maturity” as defined below will be payable as Maturity Benefit.
Paid-up Sum Assured on Maturity = Sum Assured on Maturity* t / n
 In case of a death, “Paid-up Sum Assured on Death” as defined below will be payable as Death Benefit.
Paid-up Sum Assured on Death = Max (Sum Assured on Death, 10*Annual Premium)* t/n
In no case will the Death benefit payable for a paid-up policy be less than higher of:
 105% of total Premiums paid till the date of death
 Surrender value as on date of death
Where t = Number of premiums paid and n = Number of premiums payable under the policy
A reduced Paid-up policy may be surrendered at any time.

Surrender
The policy shall acquire a Guaranteed Surrender Value (GSV) immediately on the payment of Single Premium and on
payment of first two year's premium in case of a Regular/ Limited Pay policy.
The Guaranteed Surrender Value shall be equal to GSV factor applicable at the time of surrender multiplied with the
Total Premiums Paid to date. For details on GSV percentage, please refer to the Terms & Conditions below.
The surrender value payable shall be higher of the GSV and the Special Surrender Value (SSV). Upon payment of the
Surrender Benefit, the policy will terminate and no further benefits shall be payable.
Revival:
You can revive your lapsed/paid-up policy within the revival period (specified 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
8.50% p.a. Interest rate will be as prevailing from time to time. Any change in the revival interest rates will be in
accordance with the following formula: Average Annualised 10-year benchmark G-Sec Yield (over last 6 months &
rounded upto the nearest 50 bps) + 2%. The rate of interest will be reviewed semi-annually. Please contact our
Customer Service department to know the applicable interest rate.
The revival period shall be of five years from the due date of the first unpaid Premium and before the expiry of the
Policy Term.
Once the policy is revived, you are entitled to receive all contractual benefits.

TERMS & CONDITIONS

We recommend that you read and understand this product brochure & customised benefit 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 Fixed
Maturity Plan” 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.
B) Suicide Exclusion:
For Single Life Coverage:
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 beneficiary 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.
For Joint Life Coverage:
In case of death due to suicide within 12 months from the date of commencement of risk under the policy:
The nominee or beneficiary of the policyholder/ life(s) assured shall be entitled to at least 80% of Single Premium
or the surrender value available as on the date of death whichever is higher, provided the policy is in-force. The
policy shall continue with the surviving Life Assured, if any, as per the terms and conditions of the policy
C) Tax Benefits
Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.
D) Cancellation in the Free-Look period:
In case the policyholder is not agreeable to any policy terms and conditions under this product, the policyholder
shall have the option of returning the policy to us stating the reasons thereof, within 15 days from the date of
receipt of the policy, as per IRDAI (Protection of Policyholders’ Interests) Regulations, 2017. If the policyholder has
purchased the policy through the Distance Marketing mode, this period will be 30 days. On receipt of the letter
along with the original policy document, we shall refund the premium, subject to deduction of the proportionate
risk premium for the period on cover, the expenses incurred by us for medical examination (if any) and stamp duty
(if any).
Distance Marketing refers to insurance policies sold through any mode apart from face-to-face interactions such
as telephone, internet etc (Please refer to “Guidelines on Distance Marketing of Insurance Product” for exhaustive
definition of Distance Marketing)
E) Alterations:
Change of Premium Payment Frequency is allowed.
Such alteration will be in accordance with the Board approved underwriting policy.
F) Policy Loan:
Policy loans will be available during the policy term subject to such terms and conditions as we may specify from
time to time. Our current terms and conditions are stated below:
 The loan amount will be subject to a maximum of 80% of the surrender value.
 The current interest rate on loan is 8.50% p.a. The interest rate on loan shall be calculated as the Average
Annualised 10-year benchmark G-Sec Yield (over last 6 months & rounded up to the nearest 50 bps) + 2%.
The interest rate shall be reviewed half-yearly and any change in the interest rate shall be effective from 25th
February and 25th August each year.
 In case upon review the interest rate is revised, the same shall apply until next revision. The source of 10-year
benchmark G-sec yield shall be RBI Negotiated Dealing System-Order Matching segment (NDS-OM). Any
change in the methodology of calculation of interest rate shall be done with prior approval of the Authority.
 Before any benefits are paid out, loan outstanding together with the interest thereon will be deducted and
the balance amount will be payable
 For other than in-force and fully paid up policies, in case the outstanding loan amount including interest
exceeds the surrender value, the policy shall be foreclosed after giving intimation and reasonable
opportunity to the policyholder to continue the policy.
 For inforce and fully paid up policy, the policy shall not be foreclosed on the ground of outstanding loan
amount including interest exceeding the surrender value.
 Once the rate of interest is decided it shall not change for the entire term of the loan under a policy.
 Any change in the methodology of calculating the loan interest shall be subject to prior approval of IRDAI.
G) 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.
For Single Pay: 100%
For Regular/ Limited Pay:

Policy Year/
Policy Term 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

1 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
3 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
4 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
5 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
6 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
7 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
8 90% 90% 70% 63% 60% 58% 57% 56% 55% 54% 54% 54% 53%
9 90% 90% 77% 70% 66% 63% 61% 60% 59% 58% 57% 57%
10 90% 90% 80% 74% 70% 67% 65% 63% 62% 61% 60%
11 90% 90% 82% 77% 73% 70% 68% 66% 65% 63%
12 90% 90% 83% 79% 75% 72% 70% 68% 67%
13 90% 90% 84% 80% 77% 74% 72% 70%
14 90% 90% 85% 81% 78% 75% 73%
15 90% 90% 86% 82% 79% 77%
16 90% 90% 86% 83% 80%
17 90% 90% 86% 83%
18 90% 90% 87%
19 90% 90%
20 90%

Policy
Year/
Policy 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Term
1 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
3 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
4 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
5 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
6 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
7 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
8 53% 53% 53% 53% 52% 52% 52% 52% 52% 52% 52% 52% 52% 52% 51% 51% 51% 51% 51% 51%
9 56% 56% 55% 55% 55% 54% 54% 54% 54% 54% 53% 53% 53% 53% 53% 53% 53% 53% 53% 53%
10 59% 59% 58% 58% 57% 57% 56% 56% 56% 55% 55% 55% 55% 55% 54% 54% 54% 54% 54% 54%
Policy
Year/
Policy 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Term
11 62% 61% 61% 60% 59% 59% 58% 58% 58% 57% 57% 57% 56% 56% 56% 56% 56% 55% 55% 55%
12 65% 64% 63% 63% 62% 61% 61% 60% 60% 59% 59% 58% 58% 58% 57% 57% 57% 57% 56% 56%
13 68% 67% 66% 65% 64% 63% 63% 62% 61% 61% 60% 60% 60% 59% 59% 59% 58% 58% 58% 58%
14 72% 70% 69% 68% 66% 66% 65% 64% 63% 63% 62% 62% 61% 61% 60% 60% 60% 59% 59% 59%
15 75% 73% 71% 70% 69% 68% 67% 66% 65% 65% 64% 63% 63% 62% 62% 61% 61% 61% 60% 60%
16 78% 76% 74% 73% 71% 70% 69% 68% 67% 66% 66% 65% 64% 64% 63% 63% 62% 62% 62% 61%
17 81% 79% 77% 75% 74% 72% 71% 70% 69% 68% 67% 67% 66% 65% 65% 64% 64% 63% 63% 63%
18 84% 81% 79% 78% 76% 74% 73% 72% 71% 70% 69% 68% 68% 67% 66% 66% 65% 65% 64% 64%
19 87% 84% 82% 80% 78% 77% 75% 74% 73% 72% 71% 70% 69% 68% 68% 67% 67% 66% 65% 65%
20 90% 87% 85% 83% 81% 79% 77% 76% 75% 74% 73% 72% 71% 70% 69% 69% 68% 67% 67% 66%
21 90% 90% 87% 85% 83% 81% 79% 78% 77% 75% 74% 73% 72% 72% 71% 70% 69% 69% 68% 67%
22 90% 90% 88% 85% 83% 82% 80% 79% 77% 76% 75% 74% 73% 72% 71% 71% 70% 69% 69%
23 90% 90% 88% 86% 84% 82% 80% 79% 78% 77% 76% 75% 74% 73% 72% 71% 71% 70%
24 90% 90% 88% 86% 84% 82% 81% 80% 78% 77% 76% 75% 74% 73% 73% 72% 71%
25 90% 90% 88% 86% 84% 83% 81% 80% 79% 78% 77% 76% 75% 74% 73% 72%
26 90% 90% 88% 86% 85% 83% 82% 80% 79% 78% 77% 76% 75% 75% 74%
27 90% 90% 88% 86% 85% 83% 82% 81% 80% 79% 78% 77% 76% 75%
28 90% 90% 88% 87% 85% 84% 82% 81% 80% 79% 78% 77% 76%
29 90% 90% 88% 87% 85% 84% 83% 81% 80% 79% 78% 77%
30 90% 90% 88% 87% 85% 84% 83% 82% 81% 80% 79%
31 90% 90% 88% 87% 86% 84% 83% 82% 81% 80%
32 90% 90% 88% 87% 86% 84% 83% 82% 81%
33 90% 90% 89% 87% 86% 85% 84% 82%
34 90% 90% 89% 87% 86% 85% 84%
35 90% 90% 89% 87% 86% 85%
36 90% 90% 89% 87% 86%
37 90% 90% 89% 87%
38 90% 90% 89%
39 90% 90%
40 90%
H) 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.
I) 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. Further-
more, 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-poli-
cy-dematerialization
J) The policy can also be purchased online via company website www.hdfclife.com.
Change of Premium Payment Frequency is allowed.
Such alteration will be in accordance with the Board approved underwriting policy.
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 bonafide 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 specified 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 specifically
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 effected 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 certified 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 specified 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 sufficient
reasons to believe that it is (a) not bonafide 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 simplified 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 offer 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 times:
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 beneficiaries, 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 mis-statement 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 mis-statement being established in
accordance with Section 45 of the Insurance Act, 1938, as amended from time to time.
 Contact us today

To buy: 1800-266-9777 (Toll free)

(Available all days 10am to 7pm)

Visit us at www.hdfclife.com

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], Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com
The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an
agreement entered into with HDFC Limited.
HDFC Life Sanchay Fixed Maturity Plan (UIN:101N142V01) is a Non-Linked, Non-Participating, Individual, Savings, Life 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: MC/09/21/25660.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

• 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.