HDFC Life Term Landscape

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Why Term Insurance?

Term Insurance: • Term Insurance is type of life insurance which provides coverage of certain period of time or years • A high life cover is provided at an affordable premium • In case of death insured individual during the policy term, a death benefit is paid to the nominee • Purpose of life insurance is to provide life cover to policyholder and financial security to his/her family

WhyTerm Insurance: • Term Insurance helps to protect your loved ones from any unforeseen eventuality • The payout helps the family to maintain their standard of living even after the death of breadwinner • Financial liabilities are covered • Certain term insurance products waive off future premiums in case of loss of income due to accidental disability or critical illness but continue the cover till maturity • Provides peace of mind to insured

Additional benefits of Term Insurance: • Flexibility to choose payout as lumpsum or as regular income and also premium payment term • Additional coverage through riders (Critical Illness Plus rider & Income benefit rider) • Option to enhance/increase life cover at major life stages like marriage; birth of child • Tax benefits on premium paid and payout received

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HDFC Life Revised Term Structure

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Revised Term Landscape

Products available w.e.f 29th May

Product Product Option PPT Allowed

Ages Policy Term

HDFC Life C2P3D Plus

1.Life Option 2.Extra Life Option 3.3D Life Option 4. Income Option 5.Extra Life Income Option

Regular Pay & 5 Pay 18-49 “85 less age at entry”

10 Pay & 12 Pay 18-45

“40 years” to “85 less age at entry”

46-49 “85 less age at entry”

6. Income Replacement Option Regular Pay/5 Pay/ 10 Pay/12 Pay

18-45 “40 years”

7. Return of Premium 8. Life Long Protection Option 9. 3D Life Long Protection Option

Available for all Ages/PT/PPT as per existing product structure

HDFC Life C2P Plus

1.Life Option 2.Extra Life Option 3. Income Option 4. Income Plus Option

Available for all Ages/PT/PPT as per existing product structure

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Click2Protect3D Plus (C2P3D Plus)

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Click 2 Protect 3D Plus

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Unique comprehensive protection plan that provides Financial Protection against Death, Disease & Disability

Death Disability Diseases

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Plan Options

•Life Long Protection Option

•3D Life Long Protection Option

•Return of Premium Option

•Income Option

•Extra Life Income Option

•Income Replacement option

•Life Option

•3D Life Option

•Extra Life Option

1.

Protection

(Lumpsum)

2.

Protection with

Income

4.

Whole Life Protection

3.

Return of Premium

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Click2Protect 3D Plus – Prominent Features

Longer coverage available upto age 85 years with max Policy Term of “85 less age at entry” years under Life, Extra Life, Income and Extra Life Income Option

Covers 3D’s - Death, Disease and Disability resulting in comprehensive coverage

LifeLong coverage – Pay for limited period & stay protected for Whole of Life under Life Long Protection Option and 3D Life Long Protection Option

Comprehensive coverage with 2 optional riders – Critical Illness Plus Rider and Income benefit on Accidental Disability Rider

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Click2Protect Plus (C2PP)

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Overview

C2PP

Policy Term: 5 years till 85 – (age at

entry)*

*Basis plan option chosen

Cover till age 85: Insurance Cover

available till 85 years of age without cap on

Maximum Sum Assured

4 Plan Options: Life Option, Extra Life

Option, Income Option, Income Plus Option

Flexible Payment Options:

Plan has regular, limited & single premium payment option

Life Stage Protection: Increase your life cover without fresh medicals on key life milestones

Attractive rates For non-smokers

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Plan Options – HDFC Life Click 2 Protect Plus

Life Option

• On Death of the policy holder Death Benefit is payable

Extra Life

Option

• On Death of the policy holder Death benefit is payable

• An additional Sum Assured equal to Base Sum Assured, is payable on death due to accident

Income Option

• On Death 10% of Death Benefit is paid as lump sum on death

• Plus 90% of Death Benefit is paid as monthly income for 15 years

Income Plus

Option

• On death 100% of Death Benefit is paid as lump sum on death

• Plus 0.5% of Sum Assured is payable as monthly income for 10 years. The monthly Income can be Level or Increasing

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Life Stage Protection

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Life Stage Protection

SUM ASSURED

At inception 50% increase

25% increase

25% increase

1stMarriage: 50% of Sum Assured subject to a maximum of Rs. 50 lakhs

Birth of 1st child: 25% of Sum Assured subject to a maximum of Rs. 25 lakhs

Birth of 2nd child: 25% of Sum Assured subject to a maximum of Rs. 25 lakhs

Option to increase the basic Sum Assured without underwriting on any of the below specified events in the life of the Life Assured

This option is available for all plan options

1 Cr

1.5 Crs

1.75 Crs

2 Crs

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Enhanced Protection through Riders

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Additional Protection through Riders Enhance your protection with below Riders

• Lumpsum Payout over and above Base Sum Assured on diagnosis of any of 19 Critical Illness

• Full Term Rider available even on Limited Pay Critical Illness Plus rider

• Provides coverage against Cancer, Accidental Death and disability

• Industry first rider that provides coverage against Cancer Protect Plus Rider

•Monthly payout in the event of Life Assured suffers Accidental Total Permanent Disability (ATPD)

•1% of Rider Sum Assured paid every month for 10 years Income Benefit Rider

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Term+ CI Rider – Truly comprehensive protection

C2P3D/C2PP Critical Illness

plus rider

Protection against Death, Disease and

Disability

Lump sum death benefit Additional sum assured on diagnosis of critical illnesses

Customer Value proposition • Plain Life cover provides only death benefit and does not protect against other uncertainties like loss of income due to disability or illness • Critical Illness Plus - Additional sum assured (over & above base over) to treat 19 critical illnesses • A complete protection against uncertainties in life • Full Term Ricer coverage upto policy term of 40 years is available even on limited premium payment term

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Summary

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Comprehensive Plan to meet all needs of Life

3D coverage

Income Options

ROP

Life Long Protection

Life Stage option

Additional Protection through Riders

Aims to cover individuals who look for complete protection under

one plan at affordable cost

Income options suit the salaried class the best as it provides regular

Income (chosen by the customer) in absence of breadwinner

For individuals who wish to receive the premiums back if they

outlive the policy term

For individuals who wish to have lifelong protection and create

legacy for their loved ones

For individuals who want to increase their coverage as their

responsibilities increase

Protection can be enhanced with mix of inbuilt and external Riders

to provide a comprehensive protection coverage

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FAQs

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FAQs

Ques. Are all the variants of C2P3D Plus active? Ans: Yes all the variants of C2P3D Plus are active. While Return of Premium, Lifelong Protection and 3D Lifelong Protection are available in existing form, rest six options are available only till age of 49 years and for Regular Pay/5 Pay/10 Pay/12 Pay Premium payment term. Ques. Can someone buy Extra Life or 3D Life Option of C2P3D Plus? Ans: Yes, an applicant can purchase these options till age of 49 years and for Regular Pay/5 Pay/10 Pay/12 Pay Premium payment term. Ques. Is C2P3D Plus allowed for all channels or only selected channels? Ans: C2P3D Plus is allowed for all channels. Ques. What is the minimum Sum Assured for sale under C2P3D Plus? Ans: The minimum Sum Assured is 50 Lakhs for Non-ROP options. For ROP Option existing min Sum Assured will be as per existing structure. Ques. Can an Applicant above age of 49 years purchase C2P3D Plus Life Option? Ans: No, the maximum age for C2P3D Plus Life Option is capped at 49 years. Ques. Can an Applicant above age of 49 years purchase C2P3D Plus Return of Premium Option? Ans: Yes, an applicant above age of 49 years can purchase C2P3D Plus Return of Premium Option. Ques. Can Income Replacement option be purchased for term greater than 40 years? Ans: No, Maximum policy term for Income Replacement Option is 40 years. Ques. Have the premium rates for C2P3D Plus revised? Ans: Yes, the premium rates for C2P3D Plus have been revised for Limited Pay policies. Ques. Can Riders be attached with both Click2Protect Plus and Click2Protect3D Plus? Ans: Yes, both Critical Illness Plus and Income Benefit Rider can be attached with Click2Protect Plus. Ques. Can Full term CI Rider be provided on Limited Payment term? Ans: Yes, full term CI Rider coverage can now be provided on Limited Payment term for both C2P3D Plus and C2P Plus

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Thank You