Disclosure - HDFC Life Sanchay Par Advantage

Tue, 26 Nov 2024

1 min

Disclaimer

• Terms and Conditions

  1. Applicable on choosing a policy term as (100 - age at entry) years.
  
  2. Guaranteed Income is payable for a fixed period and starts after Premium Payment Term + 1 years, provided all due premiums have been paid and the policy is in force.
  
  3. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
  
  4. Save Tax up to ₹46,800: Save ₹46,800 on taxes if the insurance premium amount is ₹1.5 lakh per annum and you are a Regular Individual, fall under the 30% income tax slab, have taxable income less than ₹50 lakh, and opt for the Old tax regime. As per the Income Tax Act, 1961, tax benefits are subject to change in tax laws.
  
  5. 99.39% Claim settlement ratio: Individual death claim settlement ratio by the number of policies as per audited annual statistics for FY 2022-23.
  
  6. Cash Bonus from 1st policy year: Get cash bonus (if declared). Applicable on the immediate income option.
  
  7. Lifelong regular income + Inbuilt whole life cover: Applicable on choosing a policy term as (100 - age at entry) years.
  
  8. Premium starts from ₹2,188/month: Illustration is for an 18-year-old male, policy term 20 years, premium paying term 12 years, premium frequency monthly (excluding tax).
  
  ^Regular yearly income will be paid as a Cash Bonus (if declared), for the entirety of the policy term.
  
  * Please refer to the Benefit Illustration for year wise Death Benefit.
  
  ** Maturity Benefit comprises Sum Assured on Maturity (₹ 8,00,000) and Terminal bonus.
  
  ~ARR: These assumed rates of returns are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of the 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 illustration 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 value of your policy is dependent on a number of factors including future investment performance.
  
  # As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
  
  A. The Premium(s) are excluding applicable taxes & levies.
  
  B. This snapshot of illustration is only for HDFC Life Sanchay Par Advantage for a healthy male life.