Disclosure - HDFC Life Click 2 Achieve

Tue, 26 Nov 2024

1 min

Disclaimer 

• Terms and Conditions

  1. Provided all due premiums have been paid and the policy is in force.
  
  2. Lump sum benefit is available under Guaranteed Maturity option. Regular Income is available under Guaranteed Income, Long Term Income and Life Long Income options.
  
  3. Applicable on choosing a policy term as (100 - age at entry) years.
  
  4. This applies to Income Variant, whereby guaranteed income is paid on survival of Life Assured during the policy term, provided all due premiums are paid during the premium payment term
  
  5. ROP – Return of Premiums. This applies to Income variant, whereby all base premiums are returned to policyholder on survival of Life Assured at maturity, provided all due premiums are paid during the premium payment term.
  
  6. This feature is available in select products under the savings category. Please read the product brochure of your selected product to know the details.
  
  7. The Guaranteed Additions will accrue at the rate of 3% p.a. of Sum Assured on maturity during the first 5 policy years and are payable at maturity or death, whichever is earlier.
  
  8. Premium amount excludes any underwriting extra premiums, any loading for modal premium and taxes and levies as applicable.
  
  9. Please refer Auto Cover Continuance section in the brochure.
  
  10. Total Premiums Paid is the total of all the premiums received, excluding any extra premium, any rider premium and taxes.
  
  11. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
  
  12. Subject to conditions specified u/s 80C of the Income tax Act, 1961.
  
  13. Subject to conditions specified u/s 10(10D) of the Income tax Act, 1961.
  
  14. This is applicable for first year premium only for premium paying term (PPT) of 12 & 15.
  
  15. Guaranteed Income Benefit (GIB) is paid on survival during the income payout term, provided all due premiums are paid during the premium payment term. The last installment of GIB is paid as part of maturity benefit and other installments are paid as part of survival benefits during the policy term
  
  16. Quantum of benefits is guaranteed irrespective of the experience.
  
  17. Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime.
  
  # The afore stated views are based on the current Income-tax law. Also, the customer is requested to seek tax advice from his Chartered Accountant or personal tax advisor with respect to his personal tax liabilities under the Income-tax law.
  
  18. 1 to 10% Simple Interest per annum, depending upon the increasing income percentage chosen. Applicable for Early income and income structure
  
  19. Flexibility to choose Death Benefit, Premium Payment Term, Policy Term, Benefit Structure as per structure chosen by customer.