India's 1st IRDAI Approved Insurance Web Aggregator

Sum Assured on Death Calculation in HDFC Life Sanchay Plus Plan - UIN 101N134V09

Understand how to calculate the Sum Assured on Death in the HDFC Life Sanchay Plus Plan. Know the death benefit multiples to arrive at the cover amount in your plan.

By: Sachin Telawane | 
Read Time: Less than 1 minute | 
Last Updated: 25-02-2022
Sum Assured on Death Calculation in HDFC Life Sanchay Plus Plan - UIN 101N134V09

Death Benefit in HDFC Life Sanchay Plus Plan

How is the Sum Assured on Death calculated in this plan?

The cover amount in the HDFC Life Sanchay Plus Plan is calculated based on some multiples which depend on the Entry Age of the policyholder. This multiple when multiplied with the Annual Premium paid  by the customer will give you the amount of cover offered in the plan.

We will understand this with an example. Below are the multiples based on Age of Entry in the policy.

Example:
If Sundeep who is 30 years old when he buys the plan and if he is paying an Annual Premium of Rs. 1 lakh, his Sum Assured on Death (life cover) = 12.5 x 1 lakhs = 12.5 lakhs

If Sameer who is 35 years old when he buys the plan and if he is paying an Annual Premium of Rs. 2 lakh, his Sum Assured on Death (life cover) = 12 x 2 lakhs = 24 lakhs
 
Entry Age Death Benefit Multiple
5 15.00
6 14.90
7 14.80
8 14.70
9 14.60
10 14.50
11 14.40
12 14.30
13 14.20
14 14.10
15 14.00
16 13.90
17 13.80
18 13.70
19 13.60
20 13.50
21 13.40
22 13.30
23 13.20
24 13.10
25 13.00
26 12.90
27 12.80
28 12.70
29 12.60
30 12.50
31 12.40
32 12.30
33 12.20
34 12.10
35 12.00
36 11.90
37 11.80
38 11.70
39 11.60
40 11.50
41 11.40
42 11.30
43 11.20
44 11.10
45 11.00
46 10.90
47 10.80
48 10.70
49 10.60
50 10.50
51 10.45
52 10.40
53 10.35
54 10.30
55 10.25
56 10.20
57 10.15
58 10.10
59 10.05
60 10.00

This is applicable to all the 4 plan options of HDFC Life Sanchay Plus Policy. In case you want to know the detailed benefits of this Guaranteed Income Plan, read our detailed HDFC Life Sanchay Plus Plan Review.

Sachin Telawane
Sachin Telawane is a Content Manager and writes on various aspects of the Insurance industry. His enlightening insights on the insurance industry has guided the readers to make informed decisions in the course of purchasing insurance plans.

Leave a Comment

Important: Insurance is the subject matter of solicitation | © 2009-2022 MyInsuranceClub.com