Sanchay Plus

Mr. Dinesh Acharya, 45 year old engineer is married and has two children who are studying in primary school. He purchased HDFC Life Sanchay Plus with the Guaranteed Income Option for an 11 year term to have an additional income to fund his children's college education. How will he receive the maturity payout? Select the correct answer from the list below.

• He will receive a guaranteed income from end of 11th year to the 25th year (i.e. for 15 years). During this period he also has an option to take the future payouts as a lump sum to meet any financial contingency.

• He will receive a guaranteed income from end of 12th year to the 21st year (i.e. for 10 years). During this period he also has an option to take the future payouts as a lump sum to meet any financial contingency.

• He will receive a lump sum payout at the end of the 11th year.

Mr. Nikhil Menon, 52 year old businessman, had purchased HDFC Life Sanchay Plus with the Life Long Income Option for the term of 6 years. During the 4th policy year he met with an accident and passed away. His wife was the nominee in the policy. What benefit will she receive under the policy? Select the correct answer from the list below.

• The guaranteed income till the end of the payout period, with the option to take the future payouts as a lump sum.

• The guaranteed income payout for the next 25 years.

• The sum assured on death.

• The guaranteed annual payout until the 30th year, with the option to take the future payouts as a lump sum.

Mr. T N Mutthuswamy purchased HDFC Life Sanchay Plus with the Long Term Income Option for 11 year term. His daughter was the nominee in his policy. The policy matured and he was receiving annual payouts. During the 20th payout year he fell ill and passed away. What benefit will his daughter receive under the policy? Select the correct answer from the list below.

• The sum assured on death.

• The guaranteed annual payout until the 30th year, with the option to take the future payouts as a lump sum.

• guaranteed annual payout until the 36th year and a return of premiums at the end of the payout period, with the option to take the future payouts as a lump sum.

Mr. Darsheel Samant had purchased Sanchay Plus with the Long Term Income Option for a 6 year term. His wife was the nominee in the policy. During the 15th policy year he passed away. His wife wanted to take the future payouts as a lump sum. Can she do so? Select the correct answer from the list below

• Yes, she can take the future payouts as a lump sum under this plan option

• No, the future payouts under this plan option are payable only as a regular income to the nominee as per the frequency chosen by the policyholder

• No, she will not get any future payouts under this plan option once the life assured passes away.

Ms. Amrita Kadayam had purchased Sanchay Plus plan with the Long Term Income Option. Will he receive the Return of Premium at the end of the payout period? Select the correct answer from the list below

• Yes. Life Long Income option and Long Term Income option gives Return of Premium at the end of the payout term.

• Yes. Guaranteed Income option and Long Term Income option gives Return of Premium at the end of the payout term

• No. Guaranteed Income Option and Life Long Income option gives Return of Premium at the end of the payout term

Ms. Amrita Kadayam had purchased Sanchay Plus plan with the Long Term Income Option. Will she receive the ROP  at the end of the payout period? 

• Yes. Life Long Income option and Long Term Income option gives Return of Premium at the end of the payout term.

• No, Guaranteed Income Option and Life Long Income option gives Return of Premium at the end of the payout term.

Mr. Anand had purchased Sanchay Plus with the Long Term Income Option for a 8 PPT and 2 year Deferment period. On 11th year instead of regular income he wanted to take the future payouts as a lump sum. Can he do so?

• No, he will  get all future payouts as regular income only

• Yes, On the maturity date, he shall have an option to receive the Guaranteed Sum Assured on Maturity, which under this option, shall be the present value of future payouts.

What will be the death benefit if the customer dies during the payout period under the Long term income option of Sanchay Plus ?

• 105% of paid premium

• Nominee will get income for remaining years of the payout period

• 10 times of annual premium

Sanchay Plus is having ____ plans that a customer can opt for

• Guaranteed Income

• Guranteed Maturity

  Life Long Income

  Long Term Income

• Guranteed Income

  Life Long Income

• Both A & B

Mr. Anand had purchased Sanchay Plus with the Long Term Income Option for a 8 PPT and 2year Deferment period. On 11th year instead of regular income he wanted to take the futurepayouts as a lump sum. Can he do so?

• No, he will get all future payouts as regular income only

• Yes, On the maturity date, he shall have an option to receive the Guaranteed Sum Assured onMaturity, which under this option, shall be the present value of future payouts.