Minimum Guaranteed Surrender Value = 50% of all Premiums paid – 1 st Year’s Premium . The Surrender Value of Guaranteed Additions that are already accumulated on the policy; When the Surrender Benefit is paid, the policy terminates with no further benefits. SimplyQlik is HDFC Life’s official self-serve option for customers. The insurer may at their discretion pay you a higher value than the minimum guaranteed surrender value. Once the HDFC Life Uday Policy acquires surrender value, the life insured can avail loan facility. HDFC Life ClassicAssure Plus Form No: P501-113 & UIN: 101N089V01 is a traditional insurance product offered by HDFC Life. HDFC LIFE SANCHAY A traditional 'without profit' plan with insurance coverage Enhance your Savings! HDFC Life Super Income Plan: Surrender benefits The policy also offers surrender benefits, provided the policy is continued for a particular period. A. HDFC Life Super Income Plan: Surrender benefits The policy also offers surrender benefits, provided the policy is continued for a particular period. That was the only amount intended to be invested initially , but she ended up paying a total of five installments of ₹2 Lakh each. For changes in your personal or policy details, please fill in the appropriate form and submit it at any HDFC Life branch. The riders offered: HDFC Life Income Benefit on Accidental Disability Rider and HDFC Life Critical Illness Plus Rider, supplement the main plan benefits provided. Before you surrender, make sure you purchase an adequate term insurance policy and invest in mutual funds towards your goals. ii) After Lock-in Period: After 5 Years. No hassale. 5 years, 6 years or 10 years. Here’s a screenshot of charges taken from the brochure of HDFC Progrowth Plus Plan. You can go directly with your policy document, with your ID prof, and one cancel cheque leaf by hand. To apply for a claim, HDFC Life Insurance claim form is used. 50 Lakhs Tax on surrender of Life Insurance Policy or ULIP: There can be two tax implications on surrendering of life insurance policy or ULIPs. HDFC SL ClassicAssure Plus Plan is a traditional Endowment Plan with bonus feature to provide a strong corpus for the future and also provide life insurance coveragefor protection purpose. In future, stay away from any investment linked insurance plans. Tax Benefits: Premiums paid under this plan by an individual can avail tax deductions as per Section 80C of the Income Tax Act, 1961. HDFC Life Sanchay Plus: Maturity Benefit. : 022-66700001), Insurance is a subject matter of solicitation, The information you share on this site could be shared with insurers, IRDA Direct Broker License: IRDA/DB 407/08 | Code: 386 | Valid till : 13/11/2023 |, Canceled cheque with the policyholder's name on it, In case the canceled cheque does not have a pre-printed name, account number, or a new account is mentioned on the cheque, then the passbook copy/bank statement having the pre-printed name and the account number is required, ID proof (PAN Card, Aadhaar Card, Passport, Driving License, Voters ID), NRE bank statement reflecting any premiums paid from the NRE account, Copy of CI or YPD submitted for the withdrawal request (carry original documents for verification in the branch), In case the canceled cheque does not have a pre-printed name and account number or a new account is mentioned on the cheque, then passbook copy/bank statement having the pre-printed name and the account number is required. The maximum loan amount one can avail is 80% of the surrender value. The insurer might also pay a non-guaranteed surrender value at its discretion. If you wish to discontinue your life insurance policy for any reason, you can do so, but at a cost. These HDFC Life Forms and Documents helps you to buy the policy and to apply for the claim. It is necessary to fulfil the eligibility conditions before buying the insurance plan. Tax Benefits: Premiums paid under this plan by an individual can avail tax deductions as per Section 80C of the Income Tax Act, 1961. If you have aadarnumber take it as id proff. 17/day* - HDFC Life Click 2 Protect 3D plus. Pls advise. To buy the policy, HDFC Life Insurance proposal form is used. How can a lapsed or paid up or discontinued policy be revived/ reinstated? If your policy is new then you’ll probably get little or no cash value, because your life insurance policy hasn’t had much time to accumulate and the life insurance company will assess the surrender charges regardless of the amount you receive. Please refer the policy document for applicability of bonus. By providing some basic information related to your policy, you can calculate your LIC surrender value instantly. However, your policy will begin to have any surrender value only after paying the second year’s premium. There is Special Surrender Value in this plan as well. Plan for guaranteed*, tax-free^ income to secure your future with HDFC Life Sanchay Plus. Free-Look Period: The free-look facility is a benefit offered to the policyholder. HDFC Life Protect Plus Rider KFD 101B016V01, HDFC Life Benefit on Accidental Disability Rider_101B013V03, HDFC Life Critical Illness Plus Rider_101B014V02, HDFC Life New Immediate Annuity_101N084V19 (Key Features Document), HDFC Life Pension Guaranteed Plan (Key Features Document) - 101N118V09, HDFC Life Click 2 Protect Plus (Key Features Document) -, HDFC Life Click 2 Protect 3D Plus_101N115V06 (Key Features Document), HDFC Life Guaranteed Pension Plan_101N092V05, HDFC Life Personal Pension Plus_101N091V04, HDFC Life Sampoorn Samridhi Plus_101N102V05​, HDFC Life Sanchay Plus-Guaranteed Income_101N134V06 (Key Features Document), HDFC Life Sanchay Plus-Guaranteed Maturity_101N134V06 (Key Features Document), HDFC Life Sanchay Plus-Life Long Income_101N134V06 (Key Features Document), HDFC Life Sanchay Plus-Long Term Income_101N134V06 (Key Features Document), HDFC Classic One-Standard(Single-Pay) 101L132V0, HDFC Life Classic One-Enhanced (Single-Pay) 101L132V0, HDFC Life Assured Pension Plan - Enhanced (Single)_101L109V0, HDFC Life Assured Pension Plan - Standard (Regular & Limited)_101L109V05, HDFC Life Assured Pension Plan - Standard (Single)_101L109V05, HDFC Life Assured Pension Plan - Enhanced (Regular & Limited)_101L109V05, HDFC Life Capital Shield - Enhanced 5 Pay_101L112V01, HDFC Life Capital Shield - Enhanced Single Pay_101L112V01, HDFC Life Capital Shield - Standard 5 Pay_101L112V01, HDFC Life Capital Shield - Standard Single Pay_101L112V01, HDFC Life Click 2 Invest_101L100V03 (Key Features Document), HDFC Life Click 2 Retire (Regular & Limited Pay)_101L108V04, HDFC Life Click 2 Retire (Single Pay)_101L108V04, HDFC Life Sampoorn Nivesh Plan - Enhanced (Regular & Limited Pay)_101L103V01, HDFC Life Sampoorn Nivesh Plan - Enhanced (Single Pay)_101L103V01, HDFC Life Sampoorn Nivesh Plan - Standard (Regular & Limited Pay)_101L103V01, HDFC Life Sampoorn Nivesh Plan - Standard (Single Pay)_101L103V01, HDFC Life Single Premium Pension Super_101L086V03, HDFC SL ProGrowth Super II_101L066V04 (standard)​, HDFC SL ProGrowth Super II_101L066V04 (enhanced)​, HDFC SL Youngstar Super Premium (Enhanced)_101L068V03, HDFC SL YoungStar Super Premium (Standard)_101L068V03, HDFC Life Easy Health (Single Premium)_101N110V02, HDFC Life Easy Health (Regular Premium)_101N110V02, Kanchan_HDFC Life New Immediate Annuity KFD, HDFC Personal Pension Plan (Regular Premium), HDFC Personal Pension Plan (Single Premium), HDFC Single Premium Whole of Life Insurance Plan, HDFC Life Sampoorn Samridhi Insurance Plan, HDFC Personal Pension Plan (Regular Premium ), HDFC Personal Pension Plan (Single Premium) 5 until 2016, HDFC Personal Pension Plan (Single Premium) 6 until 2016, HDFC Personal Pension Plan (Single Premium) 7 until 2016, HDFC Personal Pension Plan (Single Premium) 8 until 2016, HDFC Personal Pension Plan (Single Premium) 9 until 2016, HDFC Personal Pension Plan (Single Premium) 10 until 2016, HDFC Personal Pension Plan (Single Premium) 11+ until 2016, HDFC Personal Pension Plan (Single Premium) 12+ until 2016, HDFC Personal Pension Plan (Single Premium) after 2016, Acceptable Identity Proofs and Residence Proofs, HDFC International Life and Re Company Limited, 3.00% for Policy Term 10-14 yrs, 3.50% for Policy Term 15-19 yrs, 4.00% for Policy Term 20-24 yrs, 4.50% for Policy Term 25-29 yrs and 5.00% for Policy Term > 30 yrs, 3.0% for Policy Term 10 yrs to 14 yrs, 3.50% for Policy Term 15 yrs to 19 yrs, 4.0% for Policy Term 20 yrs to 24 yrs, 4.50% for Policy Term 25 yrs to 29 yrs, 5.0% for Policy Term 30+ yrs, 3.50% for Policy Term 10 yrs to 14 yrs, 3.50% for Policy Term 15 yrs to 19 yrs, 4.00% for Policy Term 20 yrs to 24 yrs, 4.50% for Policy Term 25 yrs to 29 yrs, 5.00% for Policy Term 30+ yrs, 3.50% for Policy Term 10 yrs, 4.00% for Policy Term 15 yrs and 4.50% for Policy Term 20 yrs, 3.00% for Policy Term 10 yrs, 3.50% for Policy Term 15 yrs and 4.50% for Policy Term 20 yrs, 3.50% for Policy Term 15-19 yrs, 4.00% for Policy Term 20-24 yrs and 4.50% for Policy Term > 25 yrs, 3.50% for Policy Term 15 yrs to 19 yrs, 4.0% for Policy Term 20 yrs to 24 yrs, 4.50% for Policy Term 25+ yrs, 5.00% for Policy Term 16-20 yrs and 5.50% for Policy Term 22-27 yrs, 4.50% for Policy Term 16 yrs to 20 yrs, 5.00% for Policy Term 22 yrs to 27 yrs, 4.50% for Policy Term 15 yrs to 20 yrs, 5.00% for Policy Term 22 yrs to 27 yrs, 4.00% for Policy Term 15-19 yrs and 4.50% for Policy Term 20-29 yrs, 3.50% for Policy Term 15 yrs to 19 yrs, 4.0% for Policy Term 20 yrs to 29 yrs, 3.50% for Policy Term 15 yrs to 19 yrs, 4.00% for Policy Term 20 yrs to 29 yrs, 4.00% for Policy Term 15-19 yrs, 4.50% for Policy Term 20-24 yrs and 5.00% for Policy Term > 25 yrs, 3.50% for Policy Term 15 yrs to 19 yrs, 4.50% for Policy Term 20 yrs to 24 yrs, 5.0% for Policy Term 25+ yrs, 3.50% for Policy Term 15 yrs to 19 yrs, 4.50% for Policy Term 20 yrs to 24 yrs, 5.00% for Policy Term 25+ yrs, 3.60% for Policy Terms 12 yrs, 4.00% for Policy Term 15 yrs, 13.50% for Policy Term 10 yrs and 28% for Policy Term 15 yrs, 13.50% for Policy Term 10 yrs and 30.00% for Policy Term 15 yrs, 9.5% for Policy Term 10-12 yrs and 15% for Policy Term 13-15 yrs, 10.00% for Policy Term 10 yrs, 12.00% for Policy Term 11 yrs, 14.50% for Policy Term 12 yrs, 16.50% for Policy Term 13 yrs and 18.00% for Policy Term 14 yrs, 9.5% for Policy Term 10-12 yrs and 10% for Policy Term > 12 yrs, 10.50% for Policy Term 10-12 yrs and 15% for Policy Term > 12 yrs, 11.00% for Policy Term 10 yrs, 12.50% for Policy Term 11 yrs, 15.00% for Policy Term 12 yrs, 17.50% for Policy Term 13 yrs, 20.00% for Policy Term 14 yrs, 23.00% for Policy Term 15 yrs and 25.00% for Policy Term 16 yrs, 12.5% for Policy Term 10-12 yrs and 15% for Policy Term > 12 yrs, 18.00% for Policy Term 10-12 yrs and 25% for Policy Term > 12 yrs, 18.00% for Policy Term 10 yrs, 20.00% for Policy Term 11 yrs, 22.00% for Policy Term 12 yrs, 25.00% for Policy Term 13 yrs, 27.00% for Policy Term 14 yrs and 30.00% for Policy Term 15 yrs, 26.00% for Policy Term 10 yrs, 28.50% for Policy Term 11 yrs, 31.50% for Policy Term 12 yrs and 35.00% for Policy Term 13 yrs, 67.00% for Policy Term 12 yrs, 77.00% for Policy Term 13 yrs, 87.00% for Policy Term 14 yrs and 97.00% for Policy Term 15 yrs, 20.00% for Policy Term 10 yrs, 22.50% for Policy Term 11 yrs and 25.00% for Policy Term 12 yrs, 14.00% for Policy Term 10 yrs and 40.00% for Policy Term 15 yrs, Voter’s Identity Card issued by Election Commission of India, Identity card with applicant’s photograph issued by Central/ State Departments, Statutory/ Regulatory Authorities, Public Sector Undertakings,Scheduled Commercials Banks, Public Finance Institutions, Letter issued by a gazetted officer not more than 6 months old, mentioning the address along with a duly attested photograph of the person, Bank account statement /Passbook not older than six months as on date of acceptance (If it contains photograph), Documents (not more than 3 months old) issued by Government departments of foreign jurisdiction and letter issued by Foreign Embassy or Mission in India (If it contains photograph), Central KYC Identifier (can be accepted, if there is no change in the current address of the client), Insurance Contracts with partnership firms, Insurance Contracts with trusts & foundations, Salary slip / certificate – issued in last 3 months, ITR / Form 16 / assessment orders / Computation of Income, Bank statement which establishes the Source of Fund / Bank statement (preceding 6 months) – addition of non cash credits, Audited firm accounts and Partnership Deed, Fixed deposits liquidation entries in bank statement/ mutual fund redemption entries in bank statement, Rent receipt (issued in last 3 months) with valid agreement, Mandi receipt / Form J / agriculture records, Foreign Bank statement of specific countries showing credits (preceding 6 months), Bank Statements reflecting cash credit transactions, where individual transaction value per instance and on a particular transaction date do not exceed Rs. 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