Bonus

BONUS

We are pleased to announce Our Twelfth Successive Reversionary Bonus for the year from 1 April 2011 to 31 March 2012. This bonus declaration will benefit all 'With Profits' customers who have paid all premiums in full when due.

We have experienced substantial growth over the last year and today cover over 2156101 Policy Holders. As a result of an improved performance and a growing business, we now have a nationwide footprint of 364 branches.

WHAT ARE THE POLICIES COVERED BY THIS DECLARATION? HOW DOES A 'WITH PROFITS' POLICY WORK?

Over the term of your policy, we invest the premiums that we receive from you and from other similar 'With Profits' policyholders in a 'With Profits' fund. We invest in a variety of assets to achieve an investment return on your policy. Benefits and expenses of your policy are paid out of this fund.

We use bonuses to give you a maturity value, which fairly reflects the performance of the fund (investment or otherwise) over the term of the policy. The level of bonuses we allocate aims to deliver a fair share of the fund when the policy matures or on a death claim.

Note: Additional benefits taken by you such as critical illness or accidental death benefits offer protection for different circumstances and have no investment-related benefits. Hence they do not attract bonuses.

WHAT ARE THE DIFFERENT BONUSES AVAILABLE?

Reversionary Bonus
We declare Reversionary Bonus annually as a percentage of the Sum Assured (Plus attaching bonuses in case of HDFC Single Premium Whole of Life policies).

The following table illustrates how bonus is calculated for a policy that was bought on 1st April 2011 by a person aged 30:

Policy Type Policy Term Sum Assured Premium Reversionary Bonus (@22.50 per thousand Sum Assured)
Endowment Assurance Plan 25 years Rs. 2,00,000 Rs. 7,534 Rs. 4,500

Once added to your policy, this Bonus is guaranteed to be payable at maturity. For Single Premium Whole of Life policies, which do not have a maturity date, this bonus is guaranteed to be paid on selected future policy anniversaries.

For all our 'With Profits' plans, the influence of our reversionary bonus declaration on the death benefit is governed by the policy wording under each plan.

We calculate this bonus keeping in mind a long-term view of investment returns, expenses, mortality and other experience elements.

Interim Bonus
If a maturity claim or death claim is made before the next planned reversionary bonus declaration, we will add an Interim Bonus to your policy.

All policies where such claims have occurred do not participate in the next reversionary bonus declaration. Therefore, we add an Interim Bonus to give you or your nominee a fair share of bonus earned over the next financial year i.e. from 1 April 2012 to the date of claim.

For all our 'With Profits' plans, the influence of our interim bonus declaration on the death benefit is governed by the policy wording under each plan.

Terminal Bonus
This bonus is sometimes added to a policy on maturity and allows us to pay the fair share of the 'With Profits' fund based on the experience over the policy term.

HOW DO BONUSES CONTRIBUTE TO PAYOUTS?

The following diagram* demonstrates how bonuses could build up on a 25-year 'With Profits' Endowment Assurance Plan on maturity

*This diagram is solely to represent a concept rather than a representation of a particular policy and is not to scale.

The return on a 'With Profits' policy cannot be considered in terms of just reversionary bonuses. One should always ascertain the return on the policy by looking at the total payouts on the policy delivered in the form of the Sum Assured, Reversionary and Terminal Bonuses together.
WHAT IS IN YOUR BONUS STATEMENT?

Your bonus statement explains how this announcement adds to your benefits. It contains:

  • The basic Sum Assured on your policy.
  • Any Reversionary Bonuses already attached to your policy from previous years.
  • The Reversionary bonus rate to be applied to your policy for year ending 31st March 2012.
  • The Reversionary Bonus that will be added in respect of this current bonus announcement.
TABLE OF BONUS RATES FOR THE YEAR ENDING 31 MARCH 2012

Reversionary Bonus

Policy Type Reversionary Bonus P. A.
HDFC Money Back Plan
HDFC Children's Plan
2.00%
HDFC Endowment Assurance Plan 2.00%
HDFC Savings Assurance Plan
HDFC Assurance Plan
3.25%
HDFC Regular Premium Pension Plan 2.00%
HDFC Single Premium Pension Plan 5.00%

HDFC Single Premium Whole of Life Plan 4.50%

HDFC Endowment Gain 2.00%
HDFC New Money Back 2.00%
HDFC Group Savings 2.00%
HDFC Classic Assure 3.00%

Interim Bonus:

Policy Type Interim Bonus P. A           
HDFC Money Back Plan
HDFC Children's Plan
2.00%
HDFC Endowment Assurance Plan 2.00%
HDFC Savings Assurance Plan
HDFC Assurance Plan
3.25%
HDFC Regular Premium Pension Plan 2.00%
HDFC Single Premium Pension Plan 5.00%

HDFC Single Premium Whole of Life Plan 4.50%

HDFC Endowment Gain 2.00%
HDFC New Money Back 2.00%
HDFC Group Savings 2.00%
HDFC Classic Assure 3.00%
FEEDBACK

For any queries relating to this bonus announcement, please write to us at service@hdfclife.com Or call us Help line Number - 1860 267 9999(Local Charges Apply - DO NOT prefix any country code e.g. +91 or 00)

Please note that the past performance is not necessarily an indication of future performance. This document has no monetary value at any time and is not a proof of any contract with HDFC Standard Life Insurance Company Limited.
Insurance is the subject matter of the solicitation.

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1860 267 9999

(Local charges apply)
                DO NOT prefix any country                 code e.g. +91 or 00

Local Call

6000 7777

SMS

SERVICE@5676727

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Consult a Financial Consultant and solve your doubts or queries

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Existing customers:

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SERVICEto 5676727

Phone

Toll Free (BSNL/MTNL): 1800 227 227 LOCAL CALL: 6000 9191

Help Line: 1860 267 9999 (Local Charges Apply)

DO NOT prefix any country code e.g. +91 or 00

HDFC Life Insurance is a leading player amongst the private life insurance policy providers in India. We offer all types of life insurance plans such as term insurance plan , women's plan , health plans, pension plans for retirement planning, child insurance plan/policy , child education plans, ULIPs, saving and investment planning plans. These policies also help in tax planning. Most of these HDFC Life insurance policies are available online and users can buy online HDFC Life Insurance Plans.

Copyright © 2012 HDFC Standard Life Insurance Company Limited. All Rights Reserved.

Insurance is the subject matter of the solicitation. HDFC Standard Life Insurance Company Limited. Registration No 101, granted on 23rd October, 2000 by IRDA.

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ARN: MC/04/2009/700