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3rd March 2016, 02:44 PM
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Join Date: Apr 2013
Re: HDFC Term Insurance

Hello, here I am providing you the details of the term insurance plan offered by the HDFC Bank as under;

Features
A 'with profits' regular income plan with a payout period of 8 to 15 years
Limited premium paying term of 8, 10 or 12 years
Choice of 6 plan options with various combinations of premium payment and policy term to meet your income goals
Option to buy policy without going for medicals by just filling a Short Medical Questionnaire

Benefits
Regular Income comprises of Guaranteed Base Income (GBI) payouts, varying from 8.0% to 12.5% of the Sum Assured on Maturity, payable every year.
At the end of the policy term you get a Maturity payout ,an aggregate of accrued bonuses and the last guaranteed payout.
Financial Protection against untimely demise throughout the premium payment term as well as the payout period.
Plan also provides Tax Benefit under Section 80 C & 10(10D)

Age details:
Min Entry Age (years)
2 years (for policy term of 16 years
30 days (for policy terms of 18 to 27 years)

Max Entry Age (years)
59 (for policy term 16 years)
57 (for policy term 18 years)
55 (for policy term 20 years)
53 (for policy term 22 years)
51 (for policy term 24 years)
48 (for policy term 27 years)

Maturity Benefit:
For a policy where all due premiums have been paid, the maturity benefit will be the aggregate of:
Last Guaranteed Base Income payout,
Accrued Reversionary Bonuses,
Interim Bonus, if any
Terminal bonus, if any


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short term

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