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HDFC Life Pragati Plan

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HDFC Life Pragati Plan

HDFC Life Pragati meets dual objectives of Savings and Protection so that you can continue providing your family with the quality of life and peace of mind.
 

Key Features of HDFC Life Pragati Plan

  • Affordable premiums starting as low as Rs 1001 per month
  • Multiple term options to suit your needs:
  1. Choose to pay a lump sum single premium and get life coverage for 5 to 20 years
  2. Choose to pay premiums for 5 to 10 years and get life coverage for 10 to 20 years
  • Hassle free issuance based on Declaration Of Good Health (DOGH)2
  • Your policy’s value will increase as we declare bonuses
  • Even if you miss paying your premiums, we will continue to pay full Death Benefit for 2 years from the date of last unpaid premium
  • Guaranteed return of Premiums on Maturity/Death 


Eligibility & other restrictions in HDFC Life Pragati Plan

 
  Minimum Maximum
Entry Age 8 years 55 years
Maturity Age 18 years 65 years
Maturity Sum Assured Rs. 5,000 Single Pay - Rs. 18, 697
Limited Pay - Rs. 64, 869
Regular Pay - Rs. 54, 747
Frequency of Premium Payment Single Pay - Rs. 5,000
Annual - Rs. 900
Half Yearly - Rs. 450
Quarterly - Rs. 225
Monthly - Rs. 100
Rs. 15,000
Rs. 5,500 (Annualized Premium)
Policy Term Single Pay - 5 to 20 years
Limited Pay - 10 to 20 years
Regular Pay - 10 years(Fixed)
 


Benefits in HDFC Life Pragati Plan

MATURITY BENEFIT:

On survival till the maturity date, provided all due premiums have been paid, you will receive the higher of :

  1. Sum Assured on Maturity + Accrued Reversionary bonus (if any) + Interim bonus (if any) + Terminal bonus (if any)
  2. 100 % of Total Premiums paid


DEATH BENEFIT:

On death of the Life Assured during the Policy Term, provided all due premiums are paid, we will pay the higher of the following:
  1. Sum Assured on Death + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (if any)
  2. 105% of Total Premiums paid

The Sum Assured on Death shall be the higher of:
  1. Sum Assured on Maturity
  2. 10 times Annualized Premium for entry age less than 45 years and 7 times Annualized Premium for entry age greater than or equal to 45 years for Limited and Regular pay policies OR 2 times Single Premium for Single pay policies
On payment of the maturity or death benefit, the policy will terminate with no further benefits payable.
For maturity/death benefit for a reduced Paid-up/lapsed policy, please refer to the Section on Paid-up & Laps below.


AUTO COVER CONTINUANCE (ACC):

Under this feature, for a lapsed/Paid-up policy, the full death benefit shall apply for:
  1. Two years OR
  2. Outstanding Policy Term
Whichever is lower from the date of Paid-up/lapse.

The death benefit payable during the ACC period shall be the higher of: 
  1. Sum Assured on Death + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (if any)
  2. 105% of Total Premiums paid
Reversionary Bonus accrued till date of lapse/Paid-up shall become payable on death and no further Reversionary Bonus shall accrue to the policy.
 
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