HDFC Life Pragati

1. Sum Assured on Maturity + Accrued Reversionary bonus (if any) + Interim bonus (if any) + Terminal bonus (if any)
2. 100 % of Total Premiums⁴ paid

• Sum Assured on Death + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (if any)
• 105% of Total Premiums⁴ paid

The Sum Assured on Death shall be the higher of:

• Sum Assured on Maturity⁵
• 10 times Annualized Premium for entry age less than 45 years and 7 times Annualized Premium for entry age greater than or equal to 45 years for Limited and Regular pay policies OR 2 times Single Premium for Single pay policies

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.

1. two years OR
2. outstanding Policy Term

• Sum Assured on Death + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (if any)
• 105% of Total Premiums⁴ paid

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.