Sanchay par

Sanchay Par Advantage is ..

• A Non-Linked, Participating,

• A Non-Linked, Non Participating,

• Participating

• None of these

KEY FEATURES OF HDFC LIFE SANCHAY PAR ADVANTAGE

• Live cover with protection upto as high as age 100 years

• Immediate Income or Deferred Income options as per your needs

• Flexibility to accrue the survival benefit payouts

• All of the above

This plan can be taken only on a single life basis

• True

• False

True for Maximum ge at Entry

• All of them

• Maximum Immediate Income - 65 years

• Maximum Deferred Income: 55 years (for PPT 8 years)

• Maximum 60 years (for PPT 10, 12 years)

Minimum Sum Assured on Maturity (`)

• 3,00,000

• 2,00,000

• 50,000

• 25,000

In Sanchay Par minimum Death Benefit shall be 105% of Total Premiums Paid4 as on date of death.

• True

• False

Guaranteed Income is payable in sanchay par

• would be payable for 25 years in both the options

• would be payable for first 25 years in deferred option

• would be payable for 25 years in immediate option only

• would be payable for 20 years in immediate option only

WHAT IS TRUE FOR DEFERRAL OF SURVIVAL BENEFITS:

• the policyholder shall have an option to defer the Survival Benefit(s), arising out of declared Cash Bonuses and/ or Guaranteed Income and accrue them instead

• accrued Cash Bonuses and/ or Guaranteed Income payouts will be accumulated monthly at Reverse Repo Rate

• policyholder can withdraw the accrued Cash Bonuses/ Guaranteed Income partly/ fully at any point during the policy term

• All of the above

WHAT IS TRUE FOR SURVIVAL BENEFIT PAYOUT DATES

• Survival Benefits will be paid on policy anniversaries by default

• policyholder can choose to receive the survival benefits on any one date as per their choice.

• This option needs to be selected at policy inception and cannot be changed during the policy tenure

• All of the above

Find the correct statement for Sanchay par

• policy shall acquire a Guaranteed Surrender Value (cash value) upon the payment of first two years’ premiums

• policy shall acquire a Guaranteed Surrender Value (cash value) upon the payment of first two years’ premiums for policy term <10 years

• policy shall acquire a Guaranteed Surrender Value (cash value) upon the payment of first three years’ premiums for policy term >10 years

• All are true