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

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

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.

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.