This document is a benefit illustration for an HDFC Life Sampoorna Jeevan policy for an individual named AB who is 32 years old. The policy has a term of 30 years and a premium payment term of 10 years with an annual premium of Rs. 100,000. The illustration shows projected policy benefits at assumed future interest rates of 4% and 8% per year. Key guaranteed benefits include a sum assured on death of Rs. 10,00,000. Projected non-guaranteed benefits grow each year depending on the assumed future interest rates.
This document is a benefit illustration for an HDFC Life Sampoorna Jeevan policy for an individual named AB who is 32 years old. The policy has a term of 30 years and a premium payment term of 10 years with an annual premium of Rs. 100,000. The illustration shows projected policy benefits at assumed future interest rates of 4% and 8% per year. Key guaranteed benefits include a sum assured on death of Rs. 10,00,000. Projected non-guaranteed benefits grow each year depending on the assumed future interest rates.
This document is a benefit illustration for an HDFC Life Sampoorna Jeevan policy for an individual named AB who is 32 years old. The policy has a term of 30 years and a premium payment term of 10 years with an annual premium of Rs. 100,000. The illustration shows projected policy benefits at assumed future interest rates of 4% and 8% per year. Key guaranteed benefits include a sum assured on death of Rs. 10,00,000. Projected non-guaranteed benefits grow each year depending on the assumed future interest rates.
This document is a benefit illustration for an HDFC Life Sampoorna Jeevan policy for an individual named AB who is 32 years old. The policy has a term of 30 years and a premium payment term of 10 years with an annual premium of Rs. 100,000. The illustration shows projected policy benefits at assumed future interest rates of 4% and 8% per year. Key guaranteed benefits include a sum assured on death of Rs. 10,00,000. Projected non-guaranteed benefits grow each year depending on the assumed future interest rates.
Benefit Illustration for HDFC Life Sampoorna Jeevan
This illustration has been produced by HDFC Life Insurance Company Limited to help you understand the benefits of your HDFC Life Sampoorna Jeevan
Age is taken as on last birthday Proposal No: NA
Name of Name of the Prospect /Policy holder: ab HDFC Life Sampoorna Jeevan the Product: A Non-linked Participating Individual Age: 32 Tag Line: Life Insurance Savings Plan Name of the Life Assured: ab Unique Identification No: 101N158V05 Age: 32 GST Rate: 4.5% for first year 2.25% second year Policy Term 30 year(s) onwards Premium Payment Term: 10 year(s) Amount of Installment Premium 100000 (Without GST): Mode of Payment of Premium: Annual
How to read and understand this benefit illustration?
This benefit illustration is intended to show year wise premiums payable and benefits under the policy, at two assumed rates of interest i.e., 8% p.a. and 4% p.a.
"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 Options Maturity Age Variant Sampoorna Jeevan 75 Basic Sum Assured Rs. 6,57,117 Guaranteed Benefit Option Income Option Bonus Type Bonus Option Cash Bonus Sum Assured on Death (at inception of the policy) Rs. 10,00,000 Paid up Addition Option No
Notes: 1. Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods & Service Tax. Refer Sales Literature for explanation of terms used in this illustration. 2. The death benefits shown above are at the end of the year. Upon payment, of death benefit the policy terminates and no further benefit is payable. 3. The surrender benefits shown above are at the end of the year. Upon payment of surrender benefit, the policy terminates and no further benefit becomes payable. 4. The Premium and the Sum Assured on Maturity stated above is based on the information provided. They may vary as a result of underwriting. 5. Any statutory levy or charges (such as Goods and Service tax) including any indirect tax may be charged to the Policyholder either now or in future by the company and such amount so charged shall become due and payable and shall be subject to the same terms and conditions as applicable to payment of premium.
7. Taxes will be applicable as per the prevailing provisions of the Income Tax Act, 1961.
I , have explained the premiums charges and benefits under the product fully to the prospect / policy holder. I a b,having received the information with respect to the above, have 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".
