“Grow your Savings, Secure your Future”. Each one of us desires a secure future for ourselves and our loved ones and we strive hard to grow our savings in order to provide for family’s financial security. But often we also worry about various road blocks that can get in the way of achieving the same. HDFC Life understands your desire & concern and has designed a solution - HDFC Life Pragati that meets dual objectives of Savings and Protection so that you can continue providing your family with the quality of life and peace of mind.
1 Premium shall exclude any underwriting extra premiums, any loadings for modal premiums and any taxes paid such as service tax and cess as applicable.
2 Please speak to our Financial Consultant to know more
3 Please refer product brochure for more details
The Sum Assured on Death shall be the higher of:
On payment of the maturity or death benefit, the policy will terminate with no further benefits payable.
For maturity/death benefit for a reduced Paid-up/lapsed policy, please refer to the Section on Paid-up & Laps below.
Reversionary Bonus accrued till date of lapse/Paid-up shall become payable on death and no further Reversionary Bonus shall accrue to the policy.
4Total Premiums paid shall be (Annualised Premium * number of years (or part thereof) for which premiums have been paid). Annualised Premium shall exclude any underwriting extra premiums, any loadings for modal premiums and any taxes paid such as service tax and cess as applicable.
5Sum Assured on Maturity is the absolute amount of benefit guaranteed to be payable on maturity of the policy.
|Premium Paying Term||
|Minimum Entry Age||8 Years|
|Maximum Entry Age||55 Years|
|Minimum Maturity Age||18 Years|
|Maximum Maturity Age||65 Years|
|Minimum Sum Assured on Maturity||Rs. 5,000|
|Maximum Sum Assured on Maturity||
All ages mentioned above are age last birthday. Risk cover starts from date of commencement of policy for all lives including minors.
You can choose to pay your premiums either annually, half yearly, quarterly or monthly or as a single lump sum. The Premium limits are as specified below:
|Frequency of Premium Payment||Minimum Premium6||Maximum Premium|
|Single Pay||Rs.5,000||Rs 15,000|
|Annual||Rs.900||Rs 5,500 (Annualized Premium)|
The minimum premium amounts are subject to the Sum Assured at Maturity being at least Rs.5, 000
6The minimum premium amounts shall exclude any underwriting extra premiums, any loadings for modal premiums and any taxes paid such as service tax and cess as applicable.
7For Monthly premium frequency, we may collect 3 months premiums in advance on the date of commencement of policy as a prerequisite to allow monthly mode of premium payment