Sanchay Fixed Maturity Plan

Ms. Rohini is interested in HDFC Life Sanchay Fixed Maturity Plan. However,she does not want to keep paying premiums. What option does she have to still buy the plan?

Select the correct answer from the list below

• Pay Premium for Limited period

• Pay a Single Premium

• Opt for SI/ECS

• Opt for paying premiums online

Ms. Purva, 45,is a working woman. She is ready to opt for HDFC Life Sanchay Fixed Maturity Plan with regular premium payment option and ready to pay annual premium of 2 lakhs per annum. What can she expect from her policy?

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• 1)In case of death anytime during policy term the nominee gets Death Benefit multiple of 1.25-1.5X

  2) Regular monthly income at the rate of 1% of the sum assured

  3) Sum assured on diagnosis of a critical illness or on accidental permanent disability

• 1)No market fluctuations

  2) Assured Returns 3)Legacy creation from one generation to another generation

  4) Attractive maturity benefit

HDFC Life Sanchay Fixed Maturity Plan is available in Joint Life under Regular and Limited Premium Payment option.

Identify whether the above statement is true or false.

• True

• False

Mr.Anirudh opts for HDFC Life Sanchay FMP in joint name along with his wife Meera.Incase of the unfortunate demise of the first life assured,Death Benefit will be payable. Incase of the unfortunate demise of the second life assured after a few years,the Death Benefit paid before will be deducted from the Death Benefit payable for the unfortunate demise of the second life assured.

Identify whether the above statement is true or false.

• True

• False

Mr. Suresh and his wife Seema Das age 65 and 66 respectively wants to purchase Sanchay FMP in joint life will they be able to take the plan in joint life ?

Select the correct option

• Able to take the Plan in Full underwriting

• Able to take the Plan with 1.25-1.5 X cover

• Plan is not available for the couple

• None of the abovr

In Sanchay FMP in case of Joint Life policies, at least one life has to be a major. In case one of the lives is a minor, the major life will be the policyholder. In case, both lives are major, any one of them can be the policyholder.

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• True

• False

In Sanchay FMP for Regular/Limited pay variant, the DBM (Death Benefit Multiple) will be fixed at 10-15 times which will be multiplied to the Annual Premium.

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• True

• False

In Sanchay FMP the policy shall acquire a Guaranteed Surrender Value (cash value) immediately on the payment of Single Premium and on payment of at least first two year's premium in case of a Regular/ Limited Pay policy

Identify whether the above statement is true or false

• True

• False