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HDFC Saral Bima: Apno Ka Future Aaj Protect Karein, Life Jeevan Ke Saath!
HDFC Saral Bima: Apno Ka Future Aaj Protect Karein, Life Jeevan Ke Saath!
HDFC Saral Bima: Apno Ka Future Aaj Protect Karein, Life Jeevan Ke Saath!
Provides financial
Flexible premium Additional protection
protection to your
payment terms through riders#
family in your absence
Key Features
Eligibility
Individual policies of this product can also be availed through POS persons.
For POS Variant
Eligibility Criteria Minimum Maximum
Entry Age 18 years 60 years
Maturity Age 23 years 65 years
All ages mentioned above are age last birthday. For all ages, risk commences from the date of inception of the contract
What premium payment frequencies are available?
Single, annual, half-yearly, and monthly frequencies are available under this product.
Premium payable for half-yearly and monthly frequencies shall be calculated by multiplying the Annual Premium by
Conversion Factor:
Premium Payment Term Premium Frequency Minimum Premium Per Instalment (`)
Single Pay Single Pay 18,079
Yearly 4,049
5 Pay Half-yearly 2,065
Monthly 354
Yearly 2,841
10 Pay Half-yearly 1,449
Monthly 249
Yearly 2,454
Regular Pay Half-yearly 1,252
Monthly 215
Maximum Premium:
There is no maximum limit. However, the acceptance of any case is subject to Board Approved Underwriting Policy (BAUP).
The product can also be purchased online via company website.
Sample Premium Rates
Sample annual premium for a healthly, non-smoker, male (excluding taxes, extra underwriting premium and modal
loading, if any) opting for Sum Assured of ₹10 Lacs, Policy Term of 25 years and Premium Payment Term of 25 years
The product has a waiting period of 45 days from the date of commencement of risk. In case of revival of the policy,
waiting period shall not be applicable.
Death during Waiting Period
On death of the Life Assured during the Waiting Period and provided the Policy is in force, the Death Benefit amount
payable as a lump sum is:
(1) In case of Accidental Death, for regular premium or limited premium payment policy, equal to Sum Assured on
Death which is the highest of:
(a) 10 times the Annualized Premium, or
(b) 105% of all premiums paid as on the date of death, or
(c) Absolute amount assured to be paid on death.
(2) In case of Accidental Death, for single premium policy, equal to Sum Assured on Death which is the higher of:
(a) 125% of Single premium or
(b) Absolute amount assured to be paid on death.
(3) In case of death due to other than accident, the Death Benefit is equal to 100% of all premiums paid excluding
taxes, if any.
Premiums referred above shall not include any extra amount chargeable under the policy due to underwriting
decision and rider premium(s), if any.
Absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured.
Example: Mr. Bansal, a 35 years old non-smoker gentleman, buys the HDFC Life Saral Jeevan Bima, premium payment
term of 20 years and avails a Sum Assured of `10,00,000 by paying a premium of `5,500(excluding taxes) yearly.
Mr. Bansal, passes away in the 15th policy year. His nominee will receive a lump sum benefit of `10,00,000.
Policy
Year
0 1 15
2. Maturity benefit
Single Pay:
Policy cancellation value shall be acquired immediately post receipt of the Single Premium.
The policy cancellation value shall be calculated as below:
Regular Pay:
No policy cancellation value shall be payable in respect of regular premium policies.
Limited Pay:
Policy Cancellation Value is acquired if at least two (2) consecutive full years’ premiums have been paid. It is calculated
as below:
Visit us at www.hdfclife.com
HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245. IRDAI Registration No. 101.
Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011.
Email: service@hdfclife.com, Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com
The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an
agreement entered into with HDFC Limited.
HDFC Life Saral Jeevan Bima (UIN: 101N140V01) is a non linked, non-participating, individual, pure risk premium life insurance plan. Life Insurance Coverage is available in this
product. This version of the Product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions
and exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the
insurer. ARN: MC/12/20/21826.