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    Ranjit Panigrahi
    This document provides a benefit illustration for a HDFC Life Guaranteed Income Insurance Plan for Jayashri Sarangi aged 62. [1] The plan provides a guaranteed death benefit of Rs. 20,00,000 and annual income payouts of Rs. 1,65,602 from year 9 to 16. [2] The customer will pay an annual premium of Rs. 2,00,000 for 8 years. [3] The document outlines the guaranteed and non-guaranteed benefits over the 16 year policy term.

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    Illustration

    Uploaded by

    Ranjit Panigrahi
    13 views2 pages
    This document provides a benefit illustration for a HDFC Life Guaranteed Income Insurance Plan for Jayashri Sarangi aged 62. [1] The plan provides a guaranteed death benefit of Rs. 20,00,000 and annual income payouts of Rs. 1,65,602 from year 9 to 16. [2] The customer will pay an annual premium of Rs. 2,00,000 for 8 years. [3] The document outlines the guaranteed and non-guaranteed benefits over the 16 year policy term.

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    This document provides a benefit illustration for a HDFC Life Guaranteed Income Insurance Plan for Jayashri Sarangi aged 62. [1] The plan provides a guaranteed death benefit of Rs. 20,00,000 and annual income payouts of Rs. 1,65,602 from year 9 to 16. [2] The customer will pay an annual premium of Rs. 2,00,000 for 8 years. [3] The document outlines the guaranteed and non-guaranteed benefits over the 16 year policy term.

    Copyright:

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

    Illustration

    Uploaded by

    Ranjit Panigrahi
    This document provides a benefit illustration for a HDFC Life Guaranteed Income Insurance Plan for Jayashri Sarangi aged 62. [1] The plan provides a guaranteed death benefit of Rs. 20,00,000 and annual income payouts of Rs. 1,65,602 from year 9 to 16. [2] The customer will pay an annual premium of Rs. 2,00,000 for 8 years. [3] The document outlines the guaranteed and non-guaranteed benefits over the 16 year policy term.

    Copyright:

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

    27-03-2023

    Quote No : qblqdw5jfie9o

    Benefit Illustartion for HDFC Life Guaranteed Income Insurance Plan


    This Illustration has been produced by HDFC Life Insurance Company Limited to help you understand the benefits of your
    HDFC Life Guaranteed Income Insurance Plan
    DETAILS
    Proposal No: NA
    HDFC Life Guaranteed Income Insurance
    Name of the Prospect/Policyholder: JAYASHRI SARANGI Name of Product:
    Plan
    A Non-Linked Non-Participating Individual
    Age (years): 62 Tag Line:
    Life Insurance Savings Plan
    Name of Life Assured: SAUMIKA SARANGI Unique Identification No: 101N146V02
    Age (years): 40 GST Rate: 4.5% (first year)
    Gender: Male 2.25% (second year onwards)
    Policy Term (years): 16
    Premium Paying Term (years): 8
    Amount of Instalment Premium(Rs.): Rs.2,00,000
    Mode of Payment of Premium: Annual

    This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
    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.

    Policy Details

    Income Payout Mode - Annual Sum Assured Rs. 12,73,864


    Policy Option
    GDB Payout Option - Option A: Lump sum Sum Assured on Death (at inception of the policy) Rs. 20,00,000

    Premium Summary

    PP PP PP Total
    IB
    Base Plan CI Rider Rider Rider Rider Instalment
    Rider
    (PAC) (ADC) (CC) Premium

    Instalment Premium without ,GST 2,00,000 0 0 0 0 0 2,00,000


    First Year Premium
    Instalment Premium with First Year GST 209000 0 0 0 0 0 209000

    Instalment Premium without GST 200000 0 0 0 0 0 200000


    Second Year Premium
    Instalment Premium with GST 2nd Year Onwards 204500 0 0 0 0 0 204500
    (Amounts in Rs.)
    Guaranteed Benefits Non Guaranteed
    Policy Annualized
    Year Premium Survival Benefit / Loyalty Other Benefits if any / Sum Survival / Maturity Death Min Guaranteed Surrender Special Surrender
    Additions Assured Benefit Benefit Value Value

    1 2,00,000 0 0 0 20,00,000 0 0

    2 2,00,000 0 0 0 20,00,000 1,20,000 2,40,760

    3 2,00,000 0 0 0 20,00,000 2,10,000 3,91,076


    4 2,00,000 0 0 0 20,00,000 4,00,000 5,66,870

    5 2,00,000 0 0 0 20,00,000 5,00,000 7,70,688

    6 2,00,000 0 0 0 20,00,000 6,00,000 10,05,079


    7 2,00,000 0 0 0 20,00,000 7,00,000 12,73,864

    8 2,00,000 0 0 0 20,00,000 8,80,000 15,82,139

    9 0 1,65,602 0 1,65,602 20,00,000 7,94,398 15,55,388


    10 0 1,65,602 0 1,65,602 20,00,000 7,08,795 15,24,816

    11 0 1,65,602 0 1,65,602 20,00,000 6,23,193 14,91,695


    12 0 1,65,602 0 1,65,602 20,00,000 5,37,591 14,56,027

    13 0 1,65,602 0 1,65,602 20,00,000 4,51,988 14,16,537


    14 0 1,65,602 0 1,65,602 20,00,000 3,66,386 13,73,226

    15 0 1,65,602 0 1,65,602 20,00,000 2,80,784 13,26,093

    16 0 1,65,602 12,73,864 14,39,467 20,00,000 0 0

    Notes:
    Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods and Services Tax.
    Under Family income payout option (FIP), 110% of Guaranteed Death Benefit is paid in 60 equal monthly installments. This option is not applicable for Reduced paid-up Death policies

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

    Place:

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

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