In This Policy, The Investment Risk In Investment Portfolio Is Borne By The Policyholder.

The Unit Linked Insurance Products do not offer any liquidity during the first five years
of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

Big plans get even bigger

with minimal charges*
Click 2 Wealth
A Unit Linked, Non-Participating, Life Insurance Plan

Click 2 Wealth
A Unit Linked, Non-Participating, Life Insurance Plan

* Only Fund Management charge towards managing your funds and Mortality charge towards your life cover.
Planning for future is one of the most important aspects of your life. May it be planning for your child’s future, financially securing your
post-retirement years or simply accumulating corpus for a rainy day. You seek an opportunity that ensures your money works for you and
at the same time helps you safeguard the wealth created so that your desired goals are met, in case you are not around. A Life Insurance
plan offers financial protection against such unforeseen events.
We understand this and therefore are glad to offer “HDFC Life Click 2 Wealth” a Unit Linked Life Insurance Plan that offers market linked
returns and provides life protection for you and your family.

KEY FEATURES OF HDFC LIFE CLICK 2 WEALTH

 Charges - Only Fund Management charge towards managing your funds and Mortality charge towards your life cover
 Special Addition: Get 1% of Annualised premium as special additions to your Fund Value for first 5 years1
 Return of Mortality Charges (ROMC) on Maturity. In case of Premium Waiver option, Mortality charges pertaining to only the Life
Assured would be refunded. ROMC will not be available for the policies where the Waiver of premium benefit is triggered due to the
death of the Proposer.
 Three plan options to maximize the benefits
 Invest Plus Option for Insurance cum Investment
 Premium Waiver Option to protect milestones for dependents
 Golden Years Benefit Option for retirement planning with whole life cover
 Premium waiver benefit that protects the future of your loved one in your absence
 Choice of 10 fund options with unlimited free switching
 Systematic Transfer plan strategy for advantage of Rupee Cost Averaging
 Premium payment options of Single Pay, Limited pay and Regular Pay

HOW WILL THIS PLAN WORK?

A. Check your Eligibility and Choose your Premium amount, Premium Paying Term and Policy Term

Parameters Invest Plus Premium Waiver Option Golden Years Benefit Option
Age at Entry Life Assured: Life Assured: 0 years (30 days) Life Assured:
0 years (30 days) to 60 years 0 years (30 days)
to 60 years Proposer: 18 years to 65 years to 60 years

Age at Maturity 18 years to 75 years 18 years to 75 years 99 years

Single : `24,000
Annual: `12,000
Minimum Premiums Half-yearly: `6,000
Quarterly: `3,000
Monthly: `1,000
Maximum Premiums No Limit, subject to Board Approved Underwriting Policy (BAUP)
Policy Term 10 to 40 years 99 minus Age at Entry
Single Pay,
Limited: 5, 7 and 10 years Limited Pay: 10 to 70 minus
Premium Payment Term Limited: 5, 7 and 10 years
Regular: 10 to 40 years Age at Entry
Regular: 10 to 40 years

If the policyholder opts for the monthly premium frequency, we may collect three months’ premiums in advance on the date of
commencement of policy, as a prerequisite to allow monthly mode of premium payment.

1. For Single premium, the special addition is 1% of the Single premium at inception only.
B. Choose your Sum Assured
Boundary Conditions
Parameters
Minimum Maximum

Single Pay2 1.25 x Single Premium

Maximum Sum Assured shall
Sum Assured Regular & Limited Pay 10 x Annualized Premium be as per Board Approved
Underwriting Policy (BAUP).
Top-up 1.25 x Top-up Premium

All ages are of last birthday.

Risk cover shall start from date of commencement of the policy for all lives including minors. In case of a minor life, the policy will vest on
the Life Assured on attainment of age 18 years. Under Waiver of Premium option, on death of the Proposer, the policy will vest on the Life
Assured.

Maximum entry age and Sum Assured combination shall be such that the maturity benefit calculated at 4% interest rate is at least 90%
of the Total Premiums paid.
2. Not Applicable for Premium Waiver option and Golden Years Benefit option
C. Choose your Plan Option

This plan offers 3 Plan options that you can choose from depending on your Protection and Investment needs:

1) Invest Plus Option: An option that provides life cover and takes care of your Investment needs by providing accumulated Fund
Value at Maturity.

2) Premium Waiver Option: An option that takes care of all your financial responsibilities in your absence. In case of your (Proposer’s)
unfortunate death, all future premiums shall be waived to make sure that your fund does not stop growing. Thus, we make sure that
we continue to build the corpus on your behalf for the dreams you have for your loved ones. The Policy continues with risk cover for
Life Assured and the accumulated Fund Value is paid on Maturity. On death of the Policyholder, the Life Assured will become the
Policyholder. In case the Life assured is a minor, then on attaining age 18 years, the Life assured automatically becomes the
Policyholder and the erstwhile Policyholder/ Proposer continues to be the premium Payor under the Policy.

3) Golden Years Benefit Option: The right blend of Retirement planning for you is to not only build a corpus for your golden years, but
also make sure you leave a legacy behind for your loved ones. This plan option offers you the solution to build your fund value while
also having life cover for whole of life (till 99 years of age). You can opt for systematic withdrawal facility to generate recurring post
retirement income from your accumulated fund.

Option once chosen cannot be altered throughout the policy term. Charges will vary as per the Plan option chosen.

Choose how you want to manage your Investment Portfolio

You have a choice of 10 different funds that helps you manage your money as per your risk appetite. You can also opt for Systematic
Transfer Plan (STP) which gives you the benefits of rupee cost averaging.

For more details please refer to the Investment Strategy section.

Sample Illustration

Plan Option Invest Plus Premium Waiver Golden Years

Age at Entry in years 35 35 (Life Assured) 40 (Proposer) 35
Annual Premium (INR) 50,000 50,000 50,000
Sum Assured (INR) 5,00,000 5,00,000 8,75,000
Policy Term (years) 20 20 64
Premium Payment Term (years) 20 20 35
Maturity value at an Assumed
Investment return - 8% p.a.# 21,90,010 21,23,700 5,18,47,753

Maturity value at an Assumed

13,88,581 13,43,799 73,84,712
Investment return - 4% p.a.#

# These assumed rates of returns are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of the policy is dependent on a number
of factors including future investment performance
A. This snapshot of illustration is only for HDFC Life Click 2 Wealth for a healthy male life with 100% of premium invested in the Liquid Plus - Segregated Fund.
B. The values shown are for illustrative purpose only. C. Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your
insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “Guaranteed” in the illustration table. If your policy
offers variable benefits then the illustrations page will show two different rates of assumed future investment returns. These assumed rates of returns are not guaranteed and
they are not the upper or lower limits of what you might get back, as the value of the policy is dependent on a number of factors including future investment performance.
Request you to refer the Benefit Illustration separately to understand the benefits applicable.
 UNDERSTANDING YOUR BENEFITS

A. Maturity Benefit: Benefits payable at the end of your policy term

At maturity you will receive your Fund Value. Fund Value will be calculated by multiplying balance units in your fund by the then
prevailing unit price. Your policy matures at the end of policy term you have chosen. All your risk cover ceases at the end of policy
term.

You can also take your fund value at maturity in periodical instalments under settlement option. Please refer Terms and Conditions
section for more details.

B. Death Benefit: Benefits payable in case of unfortunate death

On a valid death claim for an in-force policy where all due premiums have been paid, the death benefit shall be:

 On Death of Life Assured - Highest of:

• Total Sum Assured less an amount of Partial withdrawals# made, if any, where Total Sum Assured is Basic Sum Assured plus
any additional Sum Assured in respect of Top-ups.
• Fund Value
• 105% of Total Premiums paid

# The partial withdrawals to be deducted from the Total Sum Assured shall be:
All partial withdrawals (except from the top-up fund value) made during the two year period immediately preceding the date of
death.

Upon payment of the death benefit, the Policy shall terminate and no further benefits are payable

• On Death of Proposer - Applicable for Premium Waiver Option ONLY (where Proposer is different from Life Assured)

On a valid death claim of the Proposer for a premium paying policy, All future premiums are waived. On each future premium due
date(s), an amount equal to the modal premium, shall be credited to your Fund Value.

The Policy shall continue until maturity with risk benefits continued on the life of the Life Assured. Upon maturity, the maturity
benefit shall become payable.

C. Fund Boosters
1. Return of Mortality Charges (ROMC)
At maturity date, the total amount of mortality charges3 deducted in respect of the insurance cover of Life Assured
throughout the policy (including mortality charge deducted on top-up Sum Assured as applicable) will be added to the fund
value.

For Golden Years Benefit Option, which has a whole of life policy term, the total cumulative amount of mortality charges
deducted will be added to the fund value at the end of policy year coinciding or immediately following 70th birthday of Life
Assured.

This benefit will not be applicable in case of a surrendered, discontinued or Paid-up policy and will be added provided all due
premiums have been paid.

ROMC will not be available for the policies where the Waiver of premium benefit is triggered due to death of the Proposer.

2. Special Addition
For Regular and Limited Pay Policies, 1% of your Annualised premium shall be added to the Fund Value at the time of allocation
of premium for first 5 policy years.

For Single Pay Policies, 1% of your Single premium shall be added at the time of allocation of single premium.

Special Addition will be available under all the 3 Plan options, viz. Invest Plus, Premium Waiver Option and Golden Years Benefit
Option.

3. Excluding extra mortality charge, mortality charge on account of waiver of premium for Proposer & taxes levied on mortality charge as applicable
D. Top-Up Premiums

The Policyholder has the option of paying Top-up premiums, subject to the following conditions:

• Top-up premiums are not permitted during the last 5 years of the contract.

• Total Top-up Premiums cannot exceed sum total of the regular/limited premiums paid till that point of time or initial single
premium paid, as applicable.

• Top-Up Premium will carry a Sum Assured of 125% of the amount of Top-Up Premium

NON FORFEITURE BENEFITS

A. Discontinuance of Policy due to Non Payment of Premiums

Under this plan you get a grace period from your premium due date to pay your premiums. This plan has a grace period of 15 days for
monthly mode and 30 days for other modes. During the grace period, the policy is considered to be in-force with the risk cover
without any interruption.

The product shall have a lock-in period of five years from the date of inception of the policy.

Discontinuance of the policy during lock-in period

a) For other than single premium policies, upon expiry of the grace period, in case of discontinuance of policy due to
non-payment of premium, the fund value after deducting the applicable discontinuance charges shall be credited to the
discontinued policy fund and the risk cover and rider cover, if any, shall cease.
b) Such discontinuance charges shall not exceed the charges, stipulated in “Charges” section of this document. All such
discontinued policies shall be provided a revival period of three years from date of first unpaid premium. On such
discontinuance, the company will communicate the status of the policy, within three months of the first unpaid premium, to
the policyholder and provide the option to revive the policy within the revival period of three years.
i. In case the policyholder opts to revive but does not revive the policy during the revival period, the proceeds of the
discontinued policy fund shall be paid to the policyholder at the end of the revival period or lock-in period whichever is later.
In respect of revival period ending after lock-in period, the policy will remain in discontinuance fund till the end of revival
period. The Fund management charges of discontinued fund will be applicable during this period and no other charges will
be applied.
ii. In case the policyholder does not exercise the option as set out above, the policy shall continue without any risk cover and
rider cover, if any, and the policy fund shall remain invested in the discontinuance fund. At the end of the lock-in period, the
proceeds of the discontinuance fund shall be paid to the policyholder and the policy shall terminate.
iii. However, the policyholder has an option to surrender the policy anytime and proceeds of the discontinued policy shall be
payable at the end of lock-in period or date of surrender whichever is later.
c) In case of Single premium policies, the policyholder has an option to surrender any time during the lock-in period. Upon
receipt of request for surrender, the fund value, after deducting the applicable discontinuance charges, shall be credited to
the discontinued policy fund.
i. Such discontinuance charges shall not exceed the charges stipulated in “Charges” section of this document.
ii. The policy shall continue to be invested in the discontinued policy fund and the proceeds from the discontinuance fund shall
be paid at the end of lock-in period. Only fund management charge can be deducted from this fund during this period.
Further, no risk cover shall be available on such policy during the discontinuance period.
 The minimum guaranteed interest rate applicable to the ‘Discontinued Policy Fund’ shall be as per the prevailing regulations and is
currently 4% p.a. The proceeds of the discontinued policy shall be refunded only upon completion of the lock-in period.
Proceeds of the discontinued policies means the fund value as on the date the policy was discontinued, after addition of interest
computed at the interest rate stipulated as above.

Discontinuance of the policy after the lock-in period

a) For other than Single Premium Policies:
i. Upon expiry of the grace period, in case of discontinuance of policy due to non-payment of premium after lock-in period,
the policy shall be converted into a reduced paid up policy with the paid-up sum assured i.e. original sum assured multiplied
by the total number of premiums paid to the original number of premiums payable as per the terms and conditions of the
policy. The policy shall continue to be in reduced paid-up status without rider cover, if any. All charges as per terms and
conditions of the policy shall be deducted during the revival period. However, the mortality charges shall be deducted
based on the reduced paid up sum assured only.
ii. On such discontinuance, the company will communicate the status of the policy, within three months of the first unpaid
premium, to the policyholder and provide the following options:
1. To revive the policy within the revival period of three years, or
2. Complete withdrawal of the policy.

i ii. In case the policyholder opts for (1) above but does not revive the policy during the revival period, the fund value
shall be paid to the policyholder at the end of the revival period.

iv. In case the policyholder does not exercise any option as set out above, the policy shall continue to be in reduced paid up
status. At the end of the revival period the proceeds of the policy fund shall be paid to the policyholder and the policy shall
terminate.

v. However, the policyholder has an option to surrender the policy anytime and proceeds of the policy fund shall be payable.

b) In case of Single Premium Policies, the policyholder has an option to surrender the policy any time. Upon receipt of request
for surrender, the fund value as on date of surrender shall be payable.

B. Revival of Discontinued Policies

The revival period for this product is three years from date of first unpaid premium.
Revival of a Discontinued Policy during lock-in Period:
a) Where the policyholder revives the policy in accordance with Board approved Underwriting policy, the policy shall be revived
restoring the risk cover, along with the investments made in the segregated funds as chosen by the policyholder, out of the
discontinued fund, less the applicable charges as in sub-section (b) below, in accordance with the terms and conditions of the
policy.
b) At the time of revival:
i. all due and unpaid premiums which have not been paid shall be payable without charging any interest or fee.
ii. policy administration charge and premium allocation charge as applicable during the discontinuance period shall be levied.
Guarantee charges, if applicable during the discontinuance period, shall be deducted provided the guarantee continues to
be applicable. No other charges shall be levied.
iii. the discontinuance charges deducted at the time of discontinuance of the policy shall be added back to the fund.
Revival of a Discontinued Policy after lock-in Period:
a) The policyholder can revive the policy subject to BAUP. Where the policyholder revives the policy, the policy shall be revived
restoring the original risk cover in accordance with the terms and conditions of the policy.
b) At the time of revival:
 i. all due and unpaid premiums under base plan which have not been paid shall be payable without charging any interest or
fee. The policyholder also has the option to revive the rider.
ii. premium allocation charge as applicable shall be levied. The guarantee charges shall be deducted, if guarantee continues
to be applicable.
iii. No other charges shall be levied.

C. Loans
No policy loans are available for this product.

CHOOSE YOUR INVESTMENT STRATEGY

This is a unit linked plan; the premiums you pay in this plan are subject to investment risks associated with the capital markets.
The unit prices of the funds may go up or down, reflecting changes in the capital markets.

HDFC Life Click 2 Wealth allows you to invest in a combination of funds by allocating your fund between 10 different fund options,
giving you complete control over your money.

Each fund has its own asset allocation structure. Equity based funds invest in stock markets while debt based funds invest primarily in
safe and liquid instruments like bonds and government securities for secured growth. You can decide your allocation ratio between these
funds and also switch between funds using fund switching option at any time. The different fund options are given in the below table:

Asset Class
Money Market Government
Fund Instruments, Cash Securities, Risk &
SFIN Details & Deposits*, Fixed Income Equity Return
Name
Liquid mutual Instruments & Rating
funds** Bonds
Fund Composition
Diversified ULIF05501/ To generate long term capital 0% to 40% 0% to 40% 60% to 100% Very High
Equity 08/13Divr appreciation by investing in high
Fund EqtyFd101 potential companies across the
market cap spectrum
Blue Chip ULIF03501 Exposure to large cap equities & 0% to 20% - 80% to 100% Very high
Fund /01/10Blue equity related instruments
ChipFd101
Balanced ULIF03901/ Dynamic Equity exposure to 0% to 20% 0% to 60% 40% to 80% Moderate
Fund 09/10Balan enhance the returns while the Debt to High
cedFd101 allocation reduces the volatility of
returns
Bond Fund ULIF05601/ Active allocation across all fixed 0% to 60% 40% to 100% - Moderate
08/13Bond income instruments
Funds101
Discovery ULIF06618/ Long term capital growth by 0% to 10% 0% to 10% 90% to 100% Very high
Fund 01/18Discvry investing predominantly in mid-cap
Fnd101 companies. The fund may invest
upto 25% of the portfolio in stocks
outside the mid-cap index
capitalisation range. Upto 10% of
the fund may be invested in Fixed
income instruments, money market
instruments, cash, deposits and
Liquid mutual funds.
 Equity ULIF06723/ Long term capital growth through 0% to 20% 0% to 20% 80% to 100% Very High
Advantage 03/18Eqty diversified investments in
Fund AdvtFd101 companies across the market
capitalisation spectrum. Upto 20%
of the fund may be invested in Fixed
income instruments, money market
instruments, cash, deposits and
Liquid mutual funds.

Opportun- ULIF03601/01 Exposure to mid cap equities & 0% to 20% - 80% to 100% Very High
ities Fund /10Opprtnty equity related instruments
Fd101

Liquid ULIF00102/01 The Liquid fund invests 100% in 0% to 100% - - Very Low
Fund /04Liquid bank deposits and high quality
Fund101 short-term money market instru-
ments

Bond Plus ULIF06814/ Steady returns from interest 0% to 20% 30% to 100% 0% to 50% Moderate
Fund 06/19Bond accruals from high grade bonds and to High
PlusFd101 moderate duration risk which will be
enhanced with exposures to equity
securities and instruments and
investment trusts

Secure ULIF06914/06 Steady returns from higher interest 0% to 40% 60% to 100% - Moderate
Advantage /19SecAdv accruals from high grade bonds
Fund Fund101

* In all the above Funds, Deposits means deposits issued by Banks included in the Second Schedule to the Reserve Bank of India Act 1934, or a Primary
Dealer duly recognised by Reserve Bank of India as such. (IRDAI (Investment) Regulations 2016, Section 3 (b) (3)).
** Investment in Mutual Funds will be made as per Mutual Fund limits prescribed by IRDAI regulations and guidelines.

The asset allocation for the Discontinued Policy Fund (SFIN: ULIF05110/03/11DiscontdPF101) shall be as per the prevailing regulatory
requirements. Currently, the asset allocation is as follows:
(i) Money Market Instruments: 0% to 40%
(ii) Government securities: 60% to 100%.

You can access the value of policy wise units held by you, through a secured login, as per the format D02 prescribed under IRDAI
Investment Regulations, 2016.

Apart from choosing your basic fund allocation, you can also choose to avail Systematic Transfer Plan (STP) which gives you the
benefits of rupee cost averaging.

 Policyholder can invest all or some part of his investment in Bond Fund and Liquid Fund and transfer a fixed amount in
regularmonthly instalments into any one of the following funds: Diversified Equity Fund, Blue Chip Fund, Equity Advantage Fund,
Discovery Fund, Opportunities Fund or Balanced Fund.

 The transfer will be done in 12 equal instalments. The transfer date can be either 1st or 15th of every month as chosen by the
Policyholder.

 At the time of transfer, the required number of units will be withdrawn from the fund chosen, at the applicable unit value, and new
units will be allocated in the chosen destination fund.

 The Systematic Transfer Plan will be regularly processed for the Policyholder till the Company is notified, through a written
communication, to discontinue the same. Systematic Transfer Plan will not apply if the source Fund Value is less than the chosen
transfer amount.
 No additional charges apply on selecting Systematic Transfer Plan.

 This strategy will be available only if premium is paid on Annual mode or for the Single Premium payment option.

For risk factors please refer Terms & Conditions section below.

FLEXIBILITIES

 Switching: You can move your accumulated funds from one fund to another anytime. A policyholder can make unlimited free
switches during the policy tenure.

 Premium Redirection: You can pay your future premiums into different funds.

 Partial Withdrawal: Accessing your Money in case of Emergencies

 You can withdraw money from your funds to meet any future financial emergencies.

 Lump sum partial withdrawals can be made from your funds after completion of 5 policy years, provided the Life Assured is at
least 18 years of age.

 Top-up premiums once paid cannot be withdrawn from the fund for a period of 5 years from the date of payment of the Top-up
premium, except in case of complete surrender of the policy.

 The Policyholder can also submit a request for Systematic (recurring) withdrawals.

 The partial withdrawals shall not be allowed which would result in termination of a contract.

 The partial withdrawals with respect to the fund values from the base premiums shall only be counted for the purpose of
adjusting the sum assured to be payable on death. Partial withdrawals made from the top-up premiums shall not be deducted
for this purpose.
 CHARGES

The charges under this product are stated below:

Charge Description How much

Premium Allocation Charge Nil

Policy Administration Charge Nil

Fund Management Charge The daily unit price is calculated 0.80% p.a. of the fund value for Liquid Fund, Bond Plus
(FMC) allowing for deductions for the fund Fund & Secure Advantage Fund and 1.35% p.a. of the fund
management charge, which is charged value for Diversified Equity, Blue Chip, Balanced, Bond,
daily. This charge will be subject to the Discovery, Equity Advantage and Opportunities Funds
maximum cap as allowed by IRDAI charged daily.

Mortality Charge Every month we levy a charge for The amount of the charge taken each month depends on
providing you with the death benefit your age and level of cover.
in your policy. This charge will be taken Sample mortality charges per annum per thousand of sum
by cancelling units proportionately at risk for a healthy male life is shown below:
from each of the fund(s) you have Age of Life Assured Risk Charges per `1000/- Sum at Risk
chosen. The mortality charge and 25 1.024
other risk benefit charge are 30 1.075
guaranteed for the entire duration of 35 1.322
the policy term. For Premium Waiver 40 1.848
option, Mortality charges are also 45 2.837
50 4.880
deducted on the life of the
55 8.264
Policyholder when he is not the Life
60 12.278
Assured.
The Sum at Risk for Life Assured is Death Benefit less Fund
Value
For Premium Waiver option:
Risk charges are per thousand sum at risk

Age of Life Assured 25 30 35 40 45 50

Risk Charges 1.024 1.075 1.322 1.848 2.837 4.880
Age of Proposer 50 55 60 65
Risk Charges 4.880 8.264 12.278 17.525

For Premium Waiver option, the Sum at Risk for Proposer will be
present value of future premiums discounted at 5%
The Sum at Risk for Life Assured is Death Benefit less Fund Value

Partial withdrawal charge Nil

Switching charge Nil
Premium Redirection Charge Nil
Discontinuance Charge Nil
Miscellaneous Charges Nil

Taxes & Applicable Levies: As per the current Tax Laws, Goods & Services Tax and other statutory levies are applicable. Any other
indirect tax or statutory levy becoming applicable in future may become payable by you by any method we deem appropriate including
by levy of an additional monetary amount in addition to the premium; cancellation of units or from the unit fund.
 Rider Options
We offer the following Rider options (as modified from time to time) to help you enhance your protection

Rider UIN Scope of Benefits**

A benefit equal to 1% of Rider Sum Assured per month for the next 10 years, in
HDFC Life Income Benefit on
101B013V03 case of an Accidental Total Permanent Disability. There is no maturity benefit
Accidental Disability Rider
available under this rider.
A lump sum benefit equal to the Rider Sum Assured shall be payable in case you are
HDFC Life Critical Illness
101B014V02 diagnosed with any of the 19 Critical Illnesses and survive for a period of 30 days
Plus Rider
following the diagnosis. There is no maturity benefit available under this rider.
**For all details on Riders, kindly refer to the Rider Brochures available on our website

TERMS & CONDITIONS

We recommend that you read and understand this product brochure & customised benefit illustration and understand what the
plan is, how it works and the risks involved before you purchase.
A) Risk Factors:
 In this policy, the investment risk in the investment portfolio is borne by the policyholder.
 Unit linked insurance products are different from traditional insurance products and are subject to the risk factors.
 The premiums paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the
NAVs of the units may go up or down based on the performance of funds and factors influencing the capital market and the
insured is responsible for his/her decisions.
 HDFC Life Insurance Company Limited is only the name of the Life Insurance Company and “HDFC Life Click 2 Wealth” is only the
name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or
returns.
 Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy
document issued by insurance company.
 The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these
plans, their future prospects and returns.
B) Unit Prices:
We will set the Unit Price of a fund as per the IRDAI’s guidelines. The unit price of Unit Linked Funds shall be computed as: Market
Value of Investments held by the fund plus the value of any current assets less the value of current liabilities and provisions, if any.
Dividing by the number of units existing at the valuation date before any units are allocated/redeemed, gives the unit price of the
fund under consideration. We round the resulting price to the nearest Re. 0.0001. This price will be daily published on our website
and in leading national newspapers. Units shall only be allocated on the day the proposal is accepted and results into a policy by
adjustment of application money towards premium. The premium will be adjusted on the due date even if it has been received in
advance and the status of the premium received in advance shall be communicated to the policyholder.
C) Top-Up Premium:
The amount of premium that is paid by the policyholders at irregular intervals besides basic regular premium payments or single
premium stated in the contract and is treated as single premium for all purposes.
The Policyholder has the option of paying Top-up premiums, subject to all the following conditions:
 Top-up premiums are not permitted during the last 5 years of the contract
 Total Top-up Premiums cannot exceed sum total of the regular/limited premiums paid at that point of time or initial single
premium paid

D) Suicide Exclusions:
In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the
 policy, as applicable, the nominee or the beneficiary of the policyholder shall be entitled to the fund value, as available on the date
of intimation of death. Further any charges other than Fund Management Charges (FMC) and guarantee charges recovered
subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death.
In case of death of the proposer, where proposer is different than life assured in the Premium Waiver option, due to suicide within
12 months, the policy shall continue without the benefit of waiver of future premiums.
E) Settlement Option:
The Policyholder can avail of the settlement option for maturity benefit, subject to the following conditions:
 The investment risk during the settlement period continues to be borne by the Policyholder.
 The policyholder has the option to take the fund value in periodical instalments over a period which may extend to 5 years.
 The first instalment will become payable on the maturity date.
 The policyholder shall be given a choice to decide the payout frequency and the settlement period at the time of opting for
settlement option. The payout frequency and the settlement period once selected cannot be altered any time. The proportion
of units redeemed per instalment shall be the number of units available at instalment payout date divided by the number of
outstanding instalments.
 The Fund Value at Maturity is greater than or equal to Rs 1 Lakh.
 In case of settlement period after maturity, the risk cover will be maintained at 105% of the total premiums paid. Accordingly,
mortality charges will be deducted. The death benefit shall be the higher of:
 Total Fund value as on date of death
 105% of Total premiums paid
 The charges levied on the fund during the settlement period are the Fund Management Charge, Switching Charge and
Mortality Charges, if any. No other charges would be levied.
 The policyholder will be unable to exercise any partial withdrawals during the settlement period. Switches will be allowed
during the Settlement period.
 During the settlement period, the policyholder shall have an option to withdraw the entire fund value at any time without
levying any charge.

F) Tax Benefits
Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.

G) Cancellation in the Free-Look period:

In case you are not agreeable to the any of the policy terms and conditions, you have the option of returning the policy to us stating
the reasons thereof, within 15 days from the date of receipt of the policy. The Free-Look period for policies purchased through
distance marketing (specified below) will be 30 days. On receipt of your letter along with the original policy documents, we shall
arrange to refund you the charges levied by cancellation of units plus the Fund Value on the date of receipt of request subject to
deduction of the Special Addition, proportionate risk premium for the period of cover, the expenses incurred by us on medical
examination, if any, and stamp duty, if any.

Distance Marketing refers to insurance policies sold through any mode apart from face-to-face interactions such as telephone, internet
etc (Please refer to “Guidelines on Distance Marketing of Insurance Product” for exhaustive definition of Distance Marketing)

H) Alterations:
The following alterations are available under the product subject to our Board Approved Underwriting Policy (BAUP):
• Fund Switches
• Premium Redirections
• Premium Frequency
• Increasing the Premium Payment Term
• Increasing the Policy Term

The following alterations are not allowed under the product:

 • Premium
• Sum Assured (other than the policy becoming reduced paid-up)
• Decreasing the Policy term
• Decreasing the Premium Payment Term

I) Nomination as per Section 39 of the Insurance Act 1938 as amended from time to time:
Nomination should be in accordance with provisions of Section 39 of the Insurance Act 1938 as amended from time to time.

J) Assignment as per Section 38 of the Insurance Act 1938 as amended from time to time:
Assignment should be in accordance with provisions of Section 38 of the Insurance Act 1938 as amended from time to time.

K) Prohibition of Rebates: In accordance with Section 41 of the Insurance Act, 1938 as amended from time to time:
(1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or
continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the
commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continu-
ing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables
of the insurer.
(2) Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to
ten lakh rupees.

L) Non-Disclosure: In accordance with Section 45 of the Insurance Act, 1938 as amended from time to time:
(1) No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date
of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy
or the date of the rider to the policy, whichever is later.
(2) A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the
date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the
ground of fraud: Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or
nominees or assignees of the insured the grounds and materials on which such decision is based.
(3) Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life insurance policy on the ground of
fraud if the insured can prove that the mis-statement of or suppression of a material fact was true to the best of his knowledge
and belief or that there was no deliberate intention to suppress the fact or that such mis-statement of or suppression of a
material fact are within the knowledge of the insurer: Provided that in case of fraud, the onus of disproving lies upon the
beneficiaries, in case the policyholder is not alive.
(4) A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the
date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the
ground that any statement of or suppression of a fact material to the expectancy of the life of the insured was incorrectly
made in the proposal or other document on the basis of which the policy was issued or revived or rider issued: Provided that
the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the
insured the grounds and materials on which such decision to repudiate the policy of life insurance is based: Provided further
that in case of repudiation of the policy on the ground of misstatement or suppression of a material fact, and not on the ground
of fraud, the premiums collected on the policy till the date of repudiation shall be paid to the insured or the legal representa-
tives or nominees or assignees of the insured within a period of ninety days from the date of such repudiation.
(5) Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy
shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age
of the Life Insured was incorrectly stated in the proposal.

M) A policyholder can now have his life insurance policies in dematerialized form through a password protected online account called
an electronic Insurance Account (eIA). This eIA can hold insurance policies issued from any insurer in dematerialized form, thereby
facilitating the policy holder to access his policies on a common online platform. Facilities such as online premium payment, chang-
es in address are available through the eIA. Furthermore, you would not be required to provide any KYC documents for any future
policy purchase with any insurer. For more information on eIA visit http://www.hdfclife.com/customer-service/life-insurance-poli-
cy-dematerialization
 Click 2 Wealth
A Unit Linked, Non-Participating, Life Insurance Plan
 Contact us today

To buy: 1800-266-9777 (Toll free)

(Available all days 10am to 7pm)

Visit us at www.hdfclife.com

HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245. IRDAI Registration No. 101.
Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011.
Email: [email protected], Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com
The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life
under an agreement entered into with HDFC Limited.
HDFC Life Click 2 Wealth (UIN:101L133V02) is a Unit Linked Non-Participating Life Insurance Plan. This version of the product brochure invalidates all previous printed
versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. Please know the
associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer. ARN: PP/11/19/16462.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Public receiving such phone calls are requested to lodge a police complaint.
 Stay fixed on your family's dreams
even in uncertain times.
Sanchay Fixed Maturity Plan
A Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan

DREAM
D
SG R
FIXE

UA

AN
TEED

Guaranteed1 Joint Tax

lumpsum payout Life cover2 Benefits3

Sanchay Fixed Maturity Plan

A Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan

1. Provided all due premiums have been paid and the policy is in force.
2. Applicable only for single pay option.
3. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
 Sanchay Fixed Maturity Plan
A Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan

With every life stage, there are different dreams and set of milestones that you would like to achieve for
yourself and your family. While the milestones are quantifiable, life itself is uncertain. You can’t avoid
uncertainties but can definitely plan to manage them better. To help you achieve the same, we at HDFC Life
bring you “HDFC Life Sanchay Fixed Maturity Plan”, a life insurance plan that safeguards your loved ones’
future in case of unforeseen events and provides guaranteed returns in the form of a lumpsum benefit to
help you attain your milestones.

KEY FEATURES OF HDFC LIFE SANCHAY FIXED MATURITY PLAN

Single/ Joint Life Cover Flexibility of Premiums

Option to choose cover on Option of single Pay/ limited/
Single Life or Joint Life basis regular premium payment term

Choice of Policy Terms

Guaranteed* Savings
Option to choose from a range of
Stay assured of the returns
Policy Terms upto 40 years

Optional Riders No medical examinations

Enhance your protection Under the POS variant of the
coverage with rider options on product
payment of additional premium

Enhanced benefit
Enhanced maturity benefit for
higher premiums

* Provided the policy is in force and all due premiums have been paid.
 ELIGIBILITY

Eligibility Minimum Maximum

Criteria
Single Life Joint Life Single Life Joint Life^
Single Premium
Death Benefit Multiple
70 years Single Premium:
(DBM) 1.25-1.5
Age at Entry 60 years
90 days 90 days* Death Benefit Multiple
(years) 50 years
(DBM) 10
Regular/Limited
Regular/Limited Pay: 65 years
Pay: NA
Single Premium
Death Benefit Multiple
90 years Single Premium:
(DBM) 1.25-1.5
Age at Maturity
18 years 80 years
(years) Death Benefit Multiple 70 years
(DBM) 10
Regular/Limited
Regular/Limited Pay: 85 years
Pay: NA

Premium Payment Term (in yrs) Policy Term (in yrs)

Single Premium 5 to 40 years

5
Premium Payment
6
Term (PPT)
7
and Policy Term (PT)
8 PPT to 40 years
10
12
15
20

Single Premium: `10,000

Annual: ` 10,000
Premium No maximum limit, subject to Board
Half yearly: ` 5,100
(Per Instalment)$ Approved Underwriting Policy
Quarterly: ` 2,600
Monthly: ` 875
Sum Assured Single Premium: ` 12,500 No maximum limit, subject to Board
on Death Regular/Limited Pay: ` 70,000 Approved Underwriting Policy

*Subject to the other life being at least 18 years

^Applicable to both the lives
$ Premium amounts are exclusive of taxes and levies as applicable

All ages mentioned above are age last birthday. Risk cover starts from date of commencement of policy for all lives
including minors. In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years. Also, in
case of minor life, the relationship between the proposer and life assured shall be specified and the cover shall be
granted to the extent of insurable interest only. If the life assured(s) is major, the policyholder(s) and the life
assured(s) shall be the same person/people.
 ELIGIBILITY CRITERIA FOR POS VARIANT

Eligibility Minimum Maximum

Criteria Single Life Joint Life Single Life Joint Life^
Single Premium
Death Benefit Multiple
(DBM) 1.25-1.5 60 years Single Premium:
Age at Entry 60 years
90 days 90 days* Death Benefit Multiple
(years) 50 years
(DBM) 10
Regular/Limited
Regular/Limited Pay: 60 years
Pay: NA
Single Premium:
Single Premium: 65 years
Age at Maturity 65 years
18 years
(years) Regular/Limited
Regular/Limited Pay: 65 years
Pay: NA
Premium Payment Term (in yrs) Policy Term (in yrs)
Single Premium 5 to 20 years
5
Premium Payment 6
Term (PPT) 7
and Policy Term (PT) 8 PPT to 20 years
10
12
15
20
Single Premium: `10,000
Annual: ` 10,000 No maximum limit, subject to Board Approved
Premium
Half yearly: ` 5,100 Underwriting Policy and the maximum Sum
(Per Instalment)$
Quarterly: ` 2,600 Assured on Death defined below
Monthly: ` 875
Sum Assured Single Premium: ` 12,500
` 25,00,000#
on Death Regular/Limited Pay: ` 70,000
*Subject to the other life being at least 18 years
^Applicable to both the lives
$Premium amounts are exclusive of taxes and levies as applicable
#Maximum Sum Assured on Death applicable for POS Variant. Higher Sum Assured on Death can be availed by applying for this product through other intermediaries
All ages mentioned above are age last birthday. Risk cover starts from date of commencement of policy for all lives
including minors. In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years. Also, in
case of minor life, the relationship between the proposer and life assured shall be specified and the cover shall be
granted to the extent of insurable interest only. If the life assured(s) is major, the policyholder(s) and the life
assured(s) shall be the same person/people.
Riders are not available for the POS Variant.

ELIGIBILITY FOR JOINT LIFE

Cover will be granted up to the extent of insurable interest only. Insurable interest will be established at the time of
issuing the policy and the policy shall be issued only where need for insurance is satisfied as per underwriting norms of
our Board Approved Underwriting Policy (BAUP).
In case of Joint Life policies, at least one life has to be a major. In case one of the lives is a minor, the major life will be the
policyholder. In case, both lives are major, any one of them can be the policyholder.
Premium payable at other than Annual frequency shall be calculated by multiplying the Annual Premium by Conversion
Factors as below:

Frequency Conversion factor

Half-yearly 0.5100
Quarterly 0.2600
Monthly 0.0875

BENEFITS IN DETAIL
General definitions of terms used:
Annualised Premium or Single Premium: The premium amount payable in a year chosen by the policyholder for a
Regular/Limited pay policy or paid by the policyholder at the outset in case of Single Pay policy, excluding taxes, rider
premiums, underwriting extra premiums and loadings for modal premiums, if any.
Annual Premium: The premium amount payable in a year chosen by the policyholder for a Regular/Limited pay policy,
excluding taxes and rider premiums, but including underwriting extra premiums and loadings for modal premiums, if any
Total Premiums Paid: Total of all the premiums received, excluding any extra premium, any rider premium and taxes
Sum Assured on Death: The absolute amount of benefit which is guaranteed to become payable on death of the life
assured in accordance with the terms and conditions of the policy. It’s defined as 7 times Annualized premium for a
Regular/Limited pay policy and 1.25 times Single Premium for a Single Pay policy
Sum Assured on Maturity: The amount which is guaranteed to become payable on maturity of the policy, in accordance
with the terms and conditions of the policy
 DEATH BENEFIT
Death Benefit Multiple: Under the Single Premium variant of this product, the policyholder can choose the Death
Benefit Multiple (DBM) in any one of the following two ways

DBM under Single Life DBM under Joint Life

1.25-1.5x depending on the age of life(s) assured(as defined below)

10-15x depending on the age of lives assured

10x
(as defined below)

Death benefit multiple for Single Premium varies by age as below:

1.25-1.5x DBM(applicable for Single/ Joint Life) 10-15x DBM(applicable for Joint life)
Death Death Death Death Death Death Death Death
Age* Benefit Age* Benefit Age* Benefit Age* Benefit Age* Benefit Age* Benefit Age* Benefit Age* Benefit
Multiple Multiple Multiple Multiple Multiple Multiple Multiple Multiple
0 1.5 18 1.45 36 1.38 54 1.31 0 15 18 13.7 36 11.9 54 10.3
1 1.5 19 1.45 37 1.38 55 1.31 1 15 19 13.6 37 11.8 55 10.25
2 1.5 20 1.44 38 1.37 56 1.3 2 15 20 13.5 38 11.7 56 10.2
3 1.5 21 1.44 39 1.37 57 1.3 3 15 21 13.4 39 11.6 57 10.15
4 1.5 22 1.44 40 1.37 58 1.3 4 15 22 13.3 40 11.5 58 10.1
5 1.5 23 1.43 41 1.36 59 1.29 5 15 23 13.2 41 11.4 59 10.05
6 1.5 24 1.43 42 1.36 60 1.29 6 14.9 24 13.1 42 11.3 60 10
7 1.49 25 1.42 43 1.35 61 1.29 7 14.8 25 13 43 11.2
8 1.49 26 1.42 44 1.35 62 1.28 8 14.7 26 12.9 44 11.1
9 1.49 27 1.42 45 1.35 63 1.28 9 14.6 27 12.8 45 11
10 1.48 28 1.41 46 1.34 64 1.27 10 14.5 28 12.7 46 10.9
11 1.48 29 1.41 47 1.34 65 1.27 11 14.4 29 12.6 47 10.8
12 1.47 30 1.4 48 1.34 66 1.27 12 14.3 30 12.5 48 10.7
13 1.47 31 1.4 49 1.33 67 1.26 13 14.2 31 12.4 49 10.6
14 1.47 32 1.4 50 1.33 68 1.26 14 14.1 32 12.3 50 10.5
15 1.46 33 1.39 51 1.32 69 1.25 15 14 33 12.2 51 10.45
16 1.46 34 1.39 52 1.32 70 1.25 16 13.9 34 12.1 52 10.4
17 1.45 35 1.39 53 1.32 17 13.8 35 12 53 10.35
* Age refers to age last birthday as at entry date
The DBM for Single Pay has to be chosen at the outset of the contract and can’t be changed later during the policy
tenure. The DBM will be multiplied to the Single Premium.
For Regular/Limited pay variant, the DBM will be fixed at 10 which will be multiplied to the Annual Premium.
In case of death of Life/Lives Assured during the policy term, the following death benefit shall be payable:

Single Life Coverage

The death benefit payable to the nominee under a Single Life policy shall be highest of the following:
 Sum Assured on Death
 Death Benefit Multiple (as chosen by the policyholder) times Single Premium (plus any underwriting extra premium)
for a Single Pay policy OR 10 times Annual Premium for a Regular/Limited Pay policy
 105% of Total Premiums Paid till the date of death
 Surrender value applicable as on the date of death
Upon the payment of the death benefit, the policy terminates and no further benefits are payable.

Joint Life Coverage

First death: The death benefit payable on first death of any of the lives assured shall be the higher of
 Sum Assured on Death
 105% of Total Premiums paid till the date of death
Upon the payment of this benefit on first death, the policy continues for the surviving life assured
Second death: The death benefit payable on the second death shall be highest of the following:
 Sum Assured on Death
 Death Benefit Multiple (as chosen by the policyholder) times Single Premium (plus any underwriting extra premium)
 105% of Total Premiums paid till the date of death
 Surrender value applicable as on the date of death

Simultaneous death of both lives:

 In case of simultaneous death of both the lives, the death benefit as mentioned above for first and second death
shall be payable.
 The death benefit for the elder life shall be paid in accordance with the death benefit under ‘First death’ above and
the death benefit for younger life shall be paid in accordance with the death benefit under ‘Second death’ above.
Upon the payment of this benefit on the second death, the policy terminates and no further benefits are payable.

MATURITY BENEFIT
This product offers a guaranteed maturity benefit payable as a lump sum at the end of policy. The maturity benefit is
equal to Sum Assured on Maturity. Where, Sum Assured on Maturity is equal to (Annualized Premium or Single
Premium) x Guaranteed Maturity Multiple (GMM). The GMM varies by age and premium payment term and are available
on the Company’s website.
Once Maturity Benefit is paid, the policy terminates and no further benefits are payable.
RIDERS
We offer the following Rider options (as modified from time to time) to help you enhance your protection:
Rider UIN Scope of Benefits**
A benefit equal to 1% of Rider Sum Assured per month for the
HDFC Life Income Benefit on
101B013V03 next 10 years, in case of an Accidental Total Permanent
Accidental Disability Rider
Disability. There is no maturity benefit available under this rider.

A lump sum benefit equal to the Rider Sum Assured shall be

payable in case you are diagnosed with any of the 19 Critical
HDFC Life Critical Illness Plus Rider 101B014V02
Illnesses and survive for a period of 30 days following the
diagnosis. There is no maturity benefit available under this rider.

The rider provides protection against cancer and accidental

HDFC Life Protect Plus Rider 101B016V01 death or disability. There is no maturity benefit available under
this rider.
**For all details on Riders, kindly refer to the Rider Brochures available on our website
The Rider Policy Term and Premium Payment Term shall be consistent with the Base Policy’s Policy Term and Premium
Payment Term. Any rider coverage terminates as soon as the base coverage terminates by way of claim or surrender or
maturity. Riders will not be available if the term of the rider exceeds outstanding term under the base policy
Sample Illustration:

`1,200,670 paid
on Maturity
Mr. Kumar
Pays `100,000p.a. for 10 years

0 1 2 3 4 5 6 7 8 9 10
Age 35,
Single Life Option Policy Term of 10 years

Below illustration depicts the death and maturity benefits for Single and Joint Life policies.
Sample Illustration: Single Life Coverage

Age Policy Term Premium Payment Premium Maturity Benefit Death Benefit
(Years) (Years) Term (Years) (in `) (in `) at inception (in `)

35 15 10 1,00,000 1,721,770 1,000,000

40 20 8 1,00,000 1,893,280 1,000,000
45 25 5 1,00,000 1,695,150 1,000,000

Sample Illustration: Joint Life Coverage

Death Benefit at inception (in `)
Maturity
Age Policy Term Premium Payment Premium Second Death@
Benefit First
(Years) (Years) Term (Years) (in `) Life Life
(in `) Death (A)
Assured 1 (B) Assured 2 (C)
30#/35& 20 Single Premium 100,000 320,710 125,000 1,250,000 1,200,000
40#/45& 15 Single Premium 100,000 226,400 125,000 1,150,000 1,100,000
50#/55& 10 Single Premium 100,000 154,550 125,000 1,050,000 1,025,000

Notes:
1. The premiums are excluding applicable taxes & levies. Maturity Benefits shall be payable provided all due premiums have been
paid and the policy is in force
2. All ages mentioned above are age last birthday.
3. Joint Life Death Benefit:
# Life Assured 1
& Life Assured 2
@ Death Benefit in case of Second death is based on DBM 10-15X
(A) shall be payable in case of First Death of either Life Assured
(B) or (C) shall be payable depending on whether Life Assured 1 or 2 dies second
 NON-FORFEITURE BENEFITS
To enjoy the policy benefits, it is important that you pay all due premiums by the due date. This section details the
benefits and limitations in case premiums are not paid during the term of the policy.

Grace period:
Grace period is not applicable for Single Premium. For Regular/ Limited Premium payment term you get a grace period
of 15 days for monthly frequency of premium payment and 30 days for other frequencies to pay the premium without
any penalty. If premium is not received before the end of grace period, the policy will lapse or become paid-up. The
policy is considered to be in-force with the risk cover during the grace period without any interruption.
Should a valid claim arise under the policy during the grace period, but before the payment of due premium, we shall
honor the claim. In such cases, the due and unpaid premium for the policy year will be deducted from any benefit
payable.

Lapse, Paid-up and Surrender:

The policy shall acquire a Guaranteed Surrender Value (cash value) immediately on the payment of Single Premium and
on payment of at least first two year's premium in case of a Regular/ Limited Pay policy.
For a Regular/ Limited Pay policy - If a due premium is unpaid upon the expiry of the grace period, the policy shall:
 lapse if it has not acquired a Guaranteed Surrender Value
 become reduced paid-up if it has acquired a Guaranteed Surrender Value
In case of a lapsed policy, all the benefits shall cease and nothing is payable on death, maturity or surrender
Once the policy becomes paid-up, the maturity and death benefit payouts shall reduce as defined below:

Paid-up Maturity/Death benefit:

Once the policy becomes reduced paid-up, the following benefits shall be payable:.
 On Maturity, “Paid-up Sum Assured on Maturity” as defined below will be payable as Maturity Benefit.
Paid-up Sum Assured on Maturity = Sum Assured on Maturity* t / n
 In case of a death, “Paid-up Sum Assured on Death” as defined below will be payable as Death Benefit.
Paid-up Sum Assured on Death = Max (Sum Assured on Death, 10*Annual Premium)* t/n
In no case will the Death benefit payable for a paid-up policy be less than higher of:
 105% of total Premiums paid till the date of death
 Surrender value as on date of death
Where t = Number of premiums paid and n = Number of premiums payable under the policy
A reduced Paid-up policy may be surrendered at any time.

Surrender
The policy shall acquire a Guaranteed Surrender Value (GSV) immediately on the payment of Single Premium and on
payment of first two year's premium in case of a Regular/ Limited Pay policy.
The Guaranteed Surrender Value shall be equal to GSV factor applicable at the time of surrender multiplied with the
Total Premiums Paid to date. For details on GSV percentage, please refer to the Terms & Conditions below.
The surrender value payable shall be higher of the GSV and the Special Surrender Value (SSV). Upon payment of the
Surrender Benefit, the policy will terminate and no further benefits shall be payable.
Revival:
You can revive your lapsed/paid-up policy within the revival period (specified below) subject to the terms and
conditions we may specify from time to time. For revival, you will need to pay all the outstanding premiums and
interest on the outstanding premiums and taxes and levies as applicable. The current rate of interest for revival is
8.50% p.a. Interest rate will be as prevailing from time to time. Any change in the revival interest rates will be in
accordance with the following formula: Average Annualised 10-year benchmark G-Sec Yield (over last 6 months &
rounded upto the nearest 50 bps) + 2%. The rate of interest will be reviewed semi-annually. Please contact our
Customer Service department to know the applicable interest rate.
The revival period shall be of five years from the due date of the first unpaid Premium and before the expiry of the
Policy Term.
Once the policy is revived, you are entitled to receive all contractual benefits.

TERMS & CONDITIONS

We recommend that you read and understand this product brochure & customised benefit illustration and understand
what the plan is, how it works and the risks involved before you purchase.
A) Risk Factors:
 HDFC Life Insurance Company Limited is the name of our Insurance Company and “HDFC Life Sanchay Fixed
Maturity Plan” is the name of this plan. The name of our company and the name of our plan do not, in any way,
indicate the quality of the plan, its future prospects or returns.
 Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or
policy document issued by insurance company.
B) Suicide Exclusion:
For Single Life Coverage:
In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from
the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to at
least 80% of the Total Premiums Paid till the date of death or the surrender value available as on the date of death
whichever is higher, provided the policy is in force.
For Joint Life Coverage:
In case of death due to suicide within 12 months from the date of commencement of risk under the policy:
The nominee or beneficiary of the policyholder/ life(s) assured shall be entitled to at least 80% of Single Premium
or the surrender value available as on the date of death whichever is higher, provided the policy is in-force. The
policy shall continue with the surviving Life Assured, if any, as per the terms and conditions of the policy
C) Tax Benefits
Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.
D) Cancellation in the Free-Look period:
In case the policyholder is not agreeable to any policy terms and conditions under this product, the policyholder
shall have the option of returning the policy to us stating the reasons thereof, within 15 days from the date of
receipt of the policy, as per IRDAI (Protection of Policyholders’ Interests) Regulations, 2017. If the policyholder has
purchased the policy through the Distance Marketing mode, this period will be 30 days. On receipt of the letter
along with the original policy document, we shall refund the premium, subject to deduction of the proportionate
risk premium for the period on cover, the expenses incurred by us for medical examination (if any) and stamp duty
(if any).
Distance Marketing refers to insurance policies sold through any mode apart from face-to-face interactions such
as telephone, internet etc (Please refer to “Guidelines on Distance Marketing of Insurance Product” for exhaustive
definition of Distance Marketing)
E) Alterations:
Change of Premium Payment Frequency is allowed.
Such alteration will be in accordance with the Board approved underwriting policy.
F) Policy Loan:
Policy loans will be available during the policy term subject to such terms and conditions as we may specify from
time to time. Our current terms and conditions are stated below:
 The loan amount will be subject to a maximum of 80% of the surrender value.
 The current interest rate on loan is 8.50% p.a. The interest rate on loan shall be calculated as the Average
Annualised 10-year benchmark G-Sec Yield (over last 6 months & rounded up to the nearest 50 bps) + 2%.
The interest rate shall be reviewed half-yearly and any change in the interest rate shall be effective from 25th
February and 25th August each year.
 In case upon review the interest rate is revised, the same shall apply until next revision. The source of 10-year
benchmark G-sec yield shall be RBI Negotiated Dealing System-Order Matching segment (NDS-OM). Any
change in the methodology of calculation of interest rate shall be done with prior approval of the Authority.
 Before any benefits are paid out, loan outstanding together with the interest thereon will be deducted and
the balance amount will be payable
 For other than in-force and fully paid up policies, in case the outstanding loan amount including interest
exceeds the surrender value, the policy shall be foreclosed after giving intimation and reasonable
opportunity to the policyholder to continue the policy.
 For inforce and fully paid up policy, the policy shall not be foreclosed on the ground of outstanding loan
amount including interest exceeding the surrender value.
 Once the rate of interest is decided it shall not change for the entire term of the loan under a policy.
 Any change in the methodology of calculating the loan interest shall be subject to prior approval of IRDAI.
G) Guaranteed Surrender Value Factors:
Guaranteed Surrender Value Factors as percentage of Total Premiums Paid
Note: This would only be payable once the policy has acquired a guaranteed surrender value.
For Single Pay: 100%
For Regular/ Limited Pay:

Policy Year/
Policy Term 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

1 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
3 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
4 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
5 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
6 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
7 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
8 90% 90% 70% 63% 60% 58% 57% 56% 55% 54% 54% 54% 53%
9 90% 90% 77% 70% 66% 63% 61% 60% 59% 58% 57% 57%
10 90% 90% 80% 74% 70% 67% 65% 63% 62% 61% 60%
11 90% 90% 82% 77% 73% 70% 68% 66% 65% 63%
12 90% 90% 83% 79% 75% 72% 70% 68% 67%
13 90% 90% 84% 80% 77% 74% 72% 70%
14 90% 90% 85% 81% 78% 75% 73%
15 90% 90% 86% 82% 79% 77%
16 90% 90% 86% 83% 80%
17 90% 90% 86% 83%
18 90% 90% 87%
19 90% 90%
20 90%

Policy
Year/
Policy 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Term
1 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
3 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
4 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
5 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
6 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
7 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
8 53% 53% 53% 53% 52% 52% 52% 52% 52% 52% 52% 52% 52% 52% 51% 51% 51% 51% 51% 51%
9 56% 56% 55% 55% 55% 54% 54% 54% 54% 54% 53% 53% 53% 53% 53% 53% 53% 53% 53% 53%
10 59% 59% 58% 58% 57% 57% 56% 56% 56% 55% 55% 55% 55% 55% 54% 54% 54% 54% 54% 54%
Policy
Year/
Policy 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Term
11 62% 61% 61% 60% 59% 59% 58% 58% 58% 57% 57% 57% 56% 56% 56% 56% 56% 55% 55% 55%
12 65% 64% 63% 63% 62% 61% 61% 60% 60% 59% 59% 58% 58% 58% 57% 57% 57% 57% 56% 56%
13 68% 67% 66% 65% 64% 63% 63% 62% 61% 61% 60% 60% 60% 59% 59% 59% 58% 58% 58% 58%
14 72% 70% 69% 68% 66% 66% 65% 64% 63% 63% 62% 62% 61% 61% 60% 60% 60% 59% 59% 59%
15 75% 73% 71% 70% 69% 68% 67% 66% 65% 65% 64% 63% 63% 62% 62% 61% 61% 61% 60% 60%
16 78% 76% 74% 73% 71% 70% 69% 68% 67% 66% 66% 65% 64% 64% 63% 63% 62% 62% 62% 61%
17 81% 79% 77% 75% 74% 72% 71% 70% 69% 68% 67% 67% 66% 65% 65% 64% 64% 63% 63% 63%
18 84% 81% 79% 78% 76% 74% 73% 72% 71% 70% 69% 68% 68% 67% 66% 66% 65% 65% 64% 64%
19 87% 84% 82% 80% 78% 77% 75% 74% 73% 72% 71% 70% 69% 68% 68% 67% 67% 66% 65% 65%
20 90% 87% 85% 83% 81% 79% 77% 76% 75% 74% 73% 72% 71% 70% 69% 69% 68% 67% 67% 66%
21 90% 90% 87% 85% 83% 81% 79% 78% 77% 75% 74% 73% 72% 72% 71% 70% 69% 69% 68% 67%
22 90% 90% 88% 85% 83% 82% 80% 79% 77% 76% 75% 74% 73% 72% 71% 71% 70% 69% 69%
23 90% 90% 88% 86% 84% 82% 80% 79% 78% 77% 76% 75% 74% 73% 72% 71% 71% 70%
24 90% 90% 88% 86% 84% 82% 81% 80% 78% 77% 76% 75% 74% 73% 73% 72% 71%
25 90% 90% 88% 86% 84% 83% 81% 80% 79% 78% 77% 76% 75% 74% 73% 72%
26 90% 90% 88% 86% 85% 83% 82% 80% 79% 78% 77% 76% 75% 75% 74%
27 90% 90% 88% 86% 85% 83% 82% 81% 80% 79% 78% 77% 76% 75%
28 90% 90% 88% 87% 85% 84% 82% 81% 80% 79% 78% 77% 76%
29 90% 90% 88% 87% 85% 84% 83% 81% 80% 79% 78% 77%
30 90% 90% 88% 87% 85% 84% 83% 82% 81% 80% 79%
31 90% 90% 88% 87% 86% 84% 83% 82% 81% 80%
32 90% 90% 88% 87% 86% 84% 83% 82% 81%
33 90% 90% 89% 87% 86% 85% 84% 82%
34 90% 90% 89% 87% 86% 85% 84%
35 90% 90% 89% 87% 86% 85%
36 90% 90% 89% 87% 86%
37 90% 90% 89% 87%
38 90% 90% 89%
39 90% 90%
40 90%
H) Taxes:
Indirect Taxes
Taxes and levies as applicable shall be levied as applicable. Any taxes, statutory levy becoming applicable in future
may become payable by you by any method including by levy of an additional monetary amount in addition to
premium and or charges.
Direct Taxes
Tax will be deducted at the applicable rate from the payments made under the policy, as per the provisions of the
Income Tax Act, 1961, as amended from time to time.
I) A policyholder can now have his life insurance policies in dematerialized form through a password protected
online account called an electronic Insurance Account (eIA). This eIA can hold insurance policies issued from any
insurer in dematerialized form, thereby facilitating the policy holder to access his policies on a common online
platform. Facilities such as online premium payment, changes in address are available through the eIA. Further-
more, you would not be required to provide any KYC documents for any future policy purchase with any insurer.
For more information on eIA visit http://www.hdfclife.com/customer-service/life-insurance-poli-
cy-dematerialization
J) The policy can also be purchased online via company website www.hdfclife.com.
Change of Premium Payment Frequency is allowed.
Such alteration will be in accordance with the Board approved underwriting policy.
K) Nomination as per Section 39 of the Insurance Act 1938 as amended from time to time:
1) The policyholder of a life insurance on his own life may nominate a person or persons to whom money secured
by the policy shall be paid in the event of his death.
2) Where the nominee is a minor, the policyholder may appoint any person to receive the money secured by the
policy in the event of policyholder’s death during the minority of the nominee. The manner of appointment to
be laid down by the insurer.
3) Nomination can be made at any time before the maturity of the policy.
4) Nomination may be incorporated in the text of the policy itself or may be endorsed on the policy
communicated to the insurer and can be registered by the insurer in the records relating to the policy.
5) Nomination can be cancelled or changed at any time before policy matures, by an endorsement or a further
endorsement or a will as the case may be.
6) A notice in writing of Change or Cancellation of nomination must be delivered to the insurer for the insurer to
be liable to such nominee. Otherwise, insurer will not be liable if a bonafide payment is made to the person
named in the text of the policy or in the registered records of the insurer.
7) Fee to be paid to the insurer for registering change or cancellation of a nomination can be specified by the
Authority through Regulations.
8) A transfer or assignment made in accordance with Section 38 shall automatically cancel the nomination
except in case of assignment to the insurer or other transferee or assignee for purpose of loan or against
security or its reassignment after repayment. In such case, the nomination will not get cancelled to the extent
of insurer’s or transferee’s or assignee’s interest in the policy. The nomination will get revived on repayment
of the loan.
9) The provisions of Section 39 are not applicable to any life insurance policy to which Section 6 of Married
Women’s Property Act, 1874 applies or has at any time applied except where before or after Insurance Laws
(Amendment) Act 2015, a nomination is made in favour of spouse or children or spouse and children whether
or not on the face of the policy it is mentioned that it is made under Section 39. Where nomination is intended
to be made to spouse or children or spouse and children under Section 6 of MWP Act, it should be specifically
mentioned on the policy. In such a case only, the provisions of Section 39 will not apply.
L) Assignment as per Section 38 of the Insurance Act 1938 as amended from time to time:
1) This policy may be transferred/assigned, wholly or in part, with or without consideration.
2) An Assignment may be effected in a policy by an endorsement upon the policy itself or by a separate
instrument under notice to the Insurer.
3) The instrument of assignment should indicate the fact of transfer or assignment and the reasons for the
assignment or transfer, antecedents of the assignee and terms on which assignment is made.
4) The assignment must be signed by the transferor or assignor or duly authorized agent and attested by at least
one witness.
5) The transfer or assignment shall not be operative as against an Insurer until a notice in writing of the transfer
or assignment and either the said endorsement or instrument itself or copy there of certified to be correct by
both transferor and transferee or their duly authorized agents have been delivered to the Insurer.
6) Fee to be paid for assignment or transfer can be specified by the Authority through Regulations.
7) On receipt of notice with fee, the Insurer should Grant a written acknowledgement of receipt of notice. Such
notice shall be conclusive evidence against the insurer of duly receiving the notice.
8) The Insurer may accept or decline to act upon any transfer or assignment or endorsement, if it has sufficient
reasons to believe that it is (a) not bonafide or (b) not in the interest of the policyholder or (c) not in public
interest or (d) is for the purpose of trading of the insurance policy.
9) In case of refusal to act upon the endorsement by the Insurer, any person aggrieved by the refusal may prefer
a claim to IRDAI within 30 days of receipt of the refusal letter from the Insurer.
Section K (Nomination) and L (Assignment or Transfer) are simplified versions prepared for general
information only and hence are not comprehensive. For full texts of these sections please refer to Section 38
and Section 39 of the Insurance Act, 1938 as amended by The Insurance Laws (Amendment) Act, 2015.
M) Prohibition of Rebates: In accordance with Section 41 of the Insurance Act, 1938 as amended from time to time:
1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out
or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate
of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any
person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed
in accordance with the published prospectuses or tables of the insurer.
2) Any person making default in complying with the provisions of this section shall be liable for a penalty which
may extend to ten lakh rupees.
N) Non-Disclosure: In accordance with Section 45 of the Insurance Act, 1938 as amended from time to times:
1) No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years
from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or
the date of revival of the policy or the date of the rider to the policy, whichever is later.
2) A policy of life insurance may be called in question at any time within three years from the date of issuance of
the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the
policy, whichever is later, on the ground of fraud: Provided that the insurer shall have to communicate in
writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and
materials on which such decision is based.
3) Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life insurance policy on the
ground of fraud if the insured can prove that the mis-statement of or suppression of a material fact was true
to the best of his knowledge and belief or that there was no deliberate intention to suppress the fact or that
such mis-statement of or suppression of a material fact are within the knowledge of the insurer: Provided that
in case of fraud, the onus of disproving lies upon the beneficiaries, in case the policyholder is not alive.
 4) A policy of life insurance may be called in question at any time within three years from the date of issuance of
the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the
policy, whichever is later, on the ground that any statement of or suppression of a fact material to the
expectancy of the life of the insured was incorrectly made in the proposal or other document on the basis of
which the policy was issued or revived or rider issued: Provided that the insurer shall have to communicate in
writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and
materials on which such decision to repudiate the policy of life insurance is based: Provided further that in
case of repudiation of the policy on the ground of misstatement or suppression of a material fact, and not on
the ground of fraud, the premiums collected on the policy till the date of repudiation shall be paid to the
insured or the legal representatives or nominees or assignees of the insured within a period of ninety days
from the date of such repudiation.
5) Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do
so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted
on subsequent proof that the age of the Life Insured was incorrectly stated in the proposal.
O) In case of fraud or mis-statement including non-disclosure of any material facts, the Policy shall be cancelled
immediately and the Surrender Value shall be payable, subject to the fraud or mis-statement being established in
accordance with Section 45 of the Insurance Act, 1938, as amended from time to time.
 Contact us today

To buy: 1800-266-9777 (Toll free)

(Available all days 10am to 7pm)

Visit us at www.hdfclife.com

HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245. IRDAI Registration No. 101.
Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011.
Email: [email protected], Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com
The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an
agreement entered into with HDFC Limited.
HDFC Life Sanchay Fixed Maturity Plan (UIN:101N142V01) is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. Life Insurance Coverage is available in
this product. This version of the Product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties,
conditions and exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document
of the insurer. ARN: MC/09/21/25660.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Public receiving such phone calls are requested to lodge a police complaint.