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Investments and Risks Transfer

SAVINGS PLANS

1. HDFC Life Guaranteed Wealth Plus
   • Lump Sum Variant
   • Income Variant
2. HDFC Life Sanchay Par Advantage

HDFC Life Guaranteed Wealth Plus

IMPORTANT: This plan is suitable for you, if:

• you are not willing to take the higher risk of investing – either directly or indirectly – in the stock market even if it might yield a higher return
• you want a low risk investment option that gives you guaranteed returns that are slightly higher than bank fixed deposits
• you are patient enough to invest a sum of money (in the case of single premium option) for a period of twelve or fifteen years before getting the final maturity benefit; or,
• you are willing to invest a sum of money regularly for 6, 8 or 10 years, and then, wait till the 12th or 15th year to get the maturity benefit;
• you don’t mind getting a low sum assured as death benefit (as compared to the sum assured offered by term insurance)

Check out Unit Linked Investment Plans (ULIPs)

Key Features of Guaranteed Wealth Plus Plan

• Pay once or for a limited term, enjoy life insurance cover for full policy term
• Avail guaranteed benefit as Lump sum or as Regular Income + Lump sum
• Guaranteed Income during the payout term + 100% Return of Premium (RoP) at maturity

Maturity Benefits

• Lump Sum Variant: Maturity benefit is received as a lump sum at the end of the chosen policy term. Maturity Benefit is calculated as a fixed percentage of either Single Premium or the sum total of Annualized Premium(s) payable under the Policy. No survival benefits applicable.
• Income Variant: Maturity benefit is received as a lump sum at the end of the chosen policy term. Maturity Benefit will be equal to 100% of the total premiums paid during the premium payment term. In addition, there will be a survival benefit.

Death Benefit

• Through out the Policy Term of 12 or 15 years in the Lump Sum Variant (see below), the sum assured is 12.5 times the annualised premium.
• In the Income Variant option, sum assured is 12.5 times during the Premium Paying Term (5, 6, 7, 8, 10, or 12 years); during the income payout term, sum assured is slightly lower at 10 times the annualised premium.

Lump Sum Variant of Guaranteed Wealth Plus

• Policy Term: 12 or 15 years
• Premium Payment Term: 6, 8, or 10 years (Single/Limited Pay)
• Minimum age at entry
  • 3 years (under 15 year Policy Term, LP)
  • 6 years (under 12 year Policy Term, LP)
• Minimum age at maturity = 18 years
• Maximum age at entry: 60 years
• Maximum age at maturity = 75 years
• Minimum Premium
  • Rs. 150,000 (Single Pay)
  • Rs. 75,000 (Annual)
  • Rs. 60,000 (Half-Yearly)
  • Rs. 10,000 (Monthly)
• Maximum Premium: No Limit (Subject to approval)

Illustration: Lump Sum Variant with Single Premium

Illustration: Lump Sum Variant with Limited Premium Paying Term (6 years)

Illustration: Lump Sum Variant with Limited Premium Paying Term (10 years)

Income Variant of Guaranteed Wealth Plus

• Policy Term: PPT + Payout Term
• Premium Payment Term (PPT): 5, 6, 7, 8, 10, or 12 years
• Payout Terms: 20, 25, 30, or 35 years
• Minimum age at entry: Not applicable
• Minimum age at maturity = 26 years
• Maximum age at entry: 60 years
• Maximum age at maturity = 103 years (LP)
• Minimum Premium
  • Rs. 30,000 (Annual)
  • Rs. 15,000 (Half-Yearly)
  • Rs. 2,500 (Monthly)
• Maximum Premium: No Limit (Subject to approval)

Illustration: Income Variant with Limited Premium Paying Term (6 years)

Illustration: Income Variant with Limited Premium Paying Term (10 years)

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HDFC Life Sanchay Par Advantage

Lifelong regular income + Inbuilt whole life cover

IMPORTANT: This plan is suitable for you, if:

• you are not willing to take the higher risk of investing – either directly or indirectly – in the stock market even if it might yield a higher return
• you want a low risk investment option that gives you somewhat guaranteed returns that are slightly higher than or equal to bank fixed deposits
• you are willing to invest a sum of money regularly for 5, 6, 7, 8, 9, 10 or 12 years (immediate income option) or for 7, 8, 9, 10 or 12 years (deferred income option);
• you don’t mind getting a low sum assured as death benefit (as compared to the sum assured offered by term insurance)

Key Features

• Payouts from 1st month: Invest today and get tax free cash bonus (if declared) from next month onwards till policy matures
  
• Superior Bonus Rates: Get cash bonus (if declared) of upto 39.5% of annualized premium paid by you
  
• Guaranteed Income: Receive tax free guaranteed income along with cash bonus (if declared) for fixed period to reduce burden of EMIs, family expenses, medical exigencies
  
• Payout Flexibility: You can withdraw the accrued Cash Bonuses (if declared) / Guaranteed Income partly/ fully at any point during the policy term
  
• Return of Premiums paid: Get tax free Lumpsum amount on policy maturity to maintain your post retirement lifestyle

The “immediate income” option of HDFC Life Sanchay Par Advantage plan is illustrated below. Notice that the annual payout is less than that given out in the deferred income option. But the maturity benefit in this option is much higher than that of the deferred income option. Click on the image to enlarge it.

The “deferred income” option of HDFC Life Sanchay Par Advantage plan is illustrated below. Click on the image to enlarge it.

Eligibility Criteria

Entry Age (for both immediate income and deferred income options): Minimum 0 years (90 days); Risk commences from the first Policy Anniversary where age at entry is less than 1 year.

Maximum Entry Age (for immediate income option)

• 50 years for Premium Paying Term (PPT) of 5 years
• 65 years for Premium Paying Term (PPT) of 6, 7, 8, 9, 10 or 12 years

Maximum Entry Age (for deferred income option)

• 55 years for Premium Paying Term (PPT) of 7 or 8 years
• 60 years for Premium Paying Term (PPT) of 9, 10 or 12 years

Policy Term: Whole life (till the age of 100 years)

Minimum Premium:

• ₹ 25,000 (Annual Frequency)
• ₹ 12,750 (Half-Yearly Frequency)
• ₹ 6,500 (Quarterly Frequency)
• ₹ 2,188 (Monthly Frequency)

Benefits

Maturity Benefits (at 100 years)

1. Sum Assured on Maturity plus
2. Accrued Cash Bonuses, if not paid earlier plus
3. Interim Survival Benefit, plus
4. Terminal Bonus, (if declared)

Death Benefit

On the death of the life assured, a death benefit consisting of the following will be given to the nominee:

1. Sum Assured on Death plus
2. Accrued Cash Bonuses, if not paid earlier plus
3. Interim Survival Benefit, plus
4. Terminal Bonus (if declared)

The Sum Assured shall be the highest of:

• 10 times the Annualized Premium
• Sum Assured on Maturity
• Death Multiple x Annualized Premium

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