Dear Valued Customer,
Greetings from HDFC Bank !!!
In this current pandemic and falling FD rates we have come up with tax free investment plan with immediate returns on the amount that you invest. No need to wait for the maturity of your investment to enjoy the returns as you may now opt for.
Below is an example of a 40 year old individual:
- Payment Term : 6 Years.
- Premium Amount : Rs.5,00,000/-(Yearly).
- Total Payment done : Rs.30,00,000/-.
Benefits for the above Payment:
- Payout for the next 60 years (from next year) : Rs 1,15,000/-* Per Year - You may opt for monthly/ quarterly/ half yearly/ annually
- Payouts start from 1st year and continue to be paid till the time you survive.
- Total Payout Amount : Rs.69,00,000/-*
- The Payout you receive whole life is Tax-Free.
PLUS
Maturity Benefit : Rs.3,31,10,000/-* (Return Of Premium + Last Cash Bonus+ Terminal Bonus)
The Maturity Benefit too is Tax-Free.
Life Cover from day 1 is 57,50,000/-*
(1). Non-Linked, Participating ,Life Insurance Plan
HDFC Life Sanchay Par Advantage is a Non-linked, Participating, Life Insurance Plan. You know the benefits that you will receive right from the day you purchase the plan.
The entire benefits you will receive for the Whole Policy Term.
(2). Tax-Free Income
As per Section 10(10)D of the Income Tax Act, 1961, the entire benefits you receive(including Yearly Payouts & Maturity Benefits) are Non-Taxable
(3).Legacy Creation
With the Sanchay Par Advantage Plan, you can create a legacy wealth for your successors in Family.
In case of unfortunate event, the Nominee shall receive Sum Assured On Death + Cash Bonus + terminal Bonus (If Any)
(4). Cash Bonus Income For whole life
Cash Bonus Flexibility to Choose Survival benefit Payouts as Monthly/ Quarterly/ Half Yearly & Annually
(5). Return Of Premium
When the policy matures in 60 th year, we shall Return you back all the premiums you have paid to us + Last Cash Bonus + Terminal Bonus as Maturity Benefit
*Figures shown are for illustrative purpose as assumed @ 8% . Please refer attached illustration for further details.
Please let me know if any further clarification. My contact details are below.
