HDFC Life Sanchay Legacy

• Whole life insurance coverage

• Choose from two plan options:

  • Life Option – Pure life insurance protection

  • RoP Option – Return of Premium at age 85 or in instalments

• Lump sum death benefit for your nominee

• Option to receive the death benefit in instalments over 5 to 15 years

• Flexibility to reduce premium payments after the first 5 policy years

• Early Return of Premium (RoP) benefit (available under the applicable plan option)

• Accelerated death benefit upon diagnosis of any of the 19 covered critical illnesses

• Waiver of Premium on Critical Illness (WOP CI) covering 60 specified critical illnesses

• Waiver of Premium on Total and Permanent Disability (WOP TPD)

• Optional riders to enhance your protection

• Continued life cover even after premiums are waived, if the relevant waiver benefit has been opted for

Under the 7x Death Benefit Multiple (DBM) option, the Sum Assured on Death is 7 times the annualised premium paid under the Limited Pay option. This option is generally available for premium paying terms ranging from 5 to 15 years.

Note: Similarly, under the 10x DBM option, the Sum Assured on Death is 10 times the annualised premium and is available for eligible premium paying terms of 8 to 15 years.

The actual death benefit payable will be the highest of the Sum Assured on Death, Accumulated Premium Value, 105% of the Total Premiums Paid, or the Surrender Value, in accordance with the policy terms and conditions.

The Sum Assured on Death is calculated based on the highest of the following:

• Death Benefit Multiple (DBM) × Annualised Premium

• 105% of the Total Premiums Paid as on the date of death

• Accumulated Premium Value

• Surrender Value applicable on the date of death

1. No Medical Tests: Availability of the no-medical facility is subject to the customer's profile, the life cover opted for, and the applicable limits. Simplified underwriting guidelines apply under this plan.

2. Critical Illness Benefit: Upon diagnosis of a covered critical illness, 100% of the applicable Death Benefit is paid, following which the policy terminates. The Critical Illness benefit becomes available after the completion of the 10th policy year or the Premium Payment Term, whichever is later.

3. RoP: RoP refers to Return of Premiums.