Scribd Logo
Upload

Welcome to Scribd!

  • 42 views

    Illustration

    Uploaded by

    Ganesh Raaja Natarajan
    This document provides an illustration of benefits for an HDFC Life Pension Guaranteed Plan purchased by Ganesh N, age 38. The single premium is Rs. 20,00,000 including taxes. Ganesh will receive a monthly annuity of Rs. 9,328 starting on August 22, 2020 until death with no surrender or maturity benefits. The guaranteed and non-guaranteed death and surrender benefits are shown for the first 10 years. The terms and conditions specify that all benefits are guaranteed and taxes will be charged as applicable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Illustration

    Uploaded by

    Ganesh Raaja Natarajan
    42 views2 pages
    This document provides an illustration of benefits for an HDFC Life Pension Guaranteed Plan purchased by Ganesh N, age 38. The single premium is Rs. 20,00,000 including taxes. Ganesh will receive a monthly annuity of Rs. 9,328 starting on August 22, 2020 until death with no surrender or maturity benefits. The guaranteed and non-guaranteed death and surrender benefits are shown for the first 10 years. The terms and conditions specify that all benefits are guaranteed and taxes will be charged as applicable.

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides an illustration of benefits for an HDFC Life Pension Guaranteed Plan purchased by Ganesh N, age 38. The single premium is Rs. 20,00,000 including taxes. Ganesh will receive a monthly annuity of Rs. 9,328 starting on August 22, 2020 until death with no surrender or maturity benefits. The guaranteed and non-guaranteed death and surrender benefits are shown for the first 10 years. The terms and conditions specify that all benefits are guaranteed and taxes will be charged as applicable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    42 views2 pages

    Illustration

    Uploaded by

    Ganesh Raaja Natarajan
    This document provides an illustration of benefits for an HDFC Life Pension Guaranteed Plan purchased by Ganesh N, age 38. The single premium is Rs. 20,00,000 including taxes. Ganesh will receive a monthly annuity of Rs. 9,328 starting on August 22, 2020 until death with no surrender or maturity benefits. The guaranteed and non-guaranteed death and surrender benefits are shown for the first 10 years. The terms and conditions specify that all benefits are guaranteed and taxes will be charged as applicable.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    22-07-2020

    Quote No : qa7fdxtks51jw
    Benefit Illustration for HDFC Life Pension Guaranteed Plan - Enhanced
    A single premium non-participating and non linked annuity policy

    This illustration has been produced by HDFC Life Insurance Company Limited to help you understand the benefits of your
    HDFC Life Pension Guaranteed Plan.
    PERSONAL DETAILS
    Annuitant Type Name Age Gender

    Primary Annuitant Ganesh N 38 M


    Age is taken as on last birthday

    ANNUITY AND BENEFIT DETAILS


    Date Of Commencement: 22-Jul-2020
    Plan Option: Immediate Life Annuity ROPP
    Premium Payment Term: Single
    Purchase Price(excluding taxes): 19,64,637
    GST Rate: 1.8%
    Taxes As Applicable#: 35,363
    Purchase Price(including taxes): 20,00,000
    Annuity Payable: 9,328
    Frequency: Monthly
    First Annuity Date: 22-Aug-2020

    "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."

    Death and Surrender benefits


    Benefits after the Guaranteed Non Guaranteed
    Guaranteed Death Total Surrender Benefit
    completion of Policy Surrender Benefit Surrender Benefit
    Benefit (A+B)
    Year (A) (B)

    1 19,64,637 0 12,73,680 12,73,680


    2 19,64,637 0 12,74,124 12,74,124
    3 19,64,637 0 12,76,324 12,76,324

    4 19,64,637 0 12,78,720 12,78,720


    5 19,64,637 0 12,80,539 12,80,539
    6 19,64,637 0 12,82,555 12,82,555
    7 19,64,637 0 12,85,160 12,85,160

    8 19,64,637 0 12,86,992 12,86,992


    9 19,64,637 0 12,89,218 12,89,218
    10 19,64,637 0 12,92,229 12,92,229
    Upon the payment of death or surrender benefit, the policy terminates and no further benefit becomes payable.
    Depending on the prevailing market conditions, the Non-Guaranteed surrender value may be revised.

    All amounts are in Indian Rupees and are rounded to the nearest whole number.
    # The Taxes and other levies as applicable

    TERMS AND CONDITIONS

    1. The Annuity or Purchase Price provided above is a provisional amount based on the annuity rates available currently. The Annuity or Purchase Price will be calculated based on
    the Annuity Rates applicable as on the date of purchase of annuity.
    2. This plan doesn't have any Maturity/vesting benefit.
    3. All benefits under this Product are guaranteed.
    4. For more details of the above benefits, please read the sales literature provided.
    5. Taxes and levies as applicable will be charged and are payable by you by any method including by levy of an additional monetary amount in addition to purchase price and/or
    charges.
    6. This quote is valid till 29-Jul-2020
    7. UIN for HDFC Life Pension Guaranteed Plan - 101N118V08

    The values shown are for illustration only.


    If you would like help to understand this illustration, please speak to your Financial Consultant.

    I , have explained the premiums charges and benefits under the product fully to the I Ganesh N,having received the information with respect to the above, have
    prospect / policy holder. understood the above statement before entering into the contract.

    Place:

    Date: Signature of Agent /Intermediary / Official Date: Signature of Prospect / Policyholder


    Channel Name : Direct - Online

    Note: Kindly note that name of the company has changed from "HDFC Standard Life Insurance Company Limited" to "HDFC Life Insurance Company Limited".

    You might also like