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HDFC Life Pragati is a traditional endowment participating life insurance plan which offers a dual benefit of savings and protection.This plan enables you to provide a quality life to your family with the quality of life and peace of mind.It ensures you have adequate saving funds to accomplish your long term objectives along with the financial protection in case of an unfortunate death.BUY NOW
The death benefit is payable if the policyholder dies an unfortunate death during the policy term,the death benefit is payable to the nominee provided the policy is premium paying.Death sum assured is higher of:
Auto Cover Continuance
Under this feature, for a lapsed/Paid-up policy, the full death benefit shall apply for two years or outstanding Policy Term, whichever is lower from the date of Paid-up/lapse.
Maturity benefit is payable on the survival of the Life Assured till the completion of the policy term. Provided all due premiums have been paid, the policyholder will receive the higher of :
The plan is eligible for the bonuses declared by the company.Interim bonus is payable wherever applicable.A Terminal Bonus may be added to a policy which depends on the actual future experience it is not a guaranteed benefit.
Loan facility is available under this plan. The policyholder can avail loan up to 80% of the Surrender Value subject to applicable terms and conditions.
Guaranteed surrender value (GSV) plus the surrender value of the bonuses, which is a percentage of accrued bonuses is payable if at least three full years premiums have been paid. The GSV shall be a percentage of total premiums paid.
The plan offers tax benefits under section 80C and section 10 (10D) of the Income Tax Act, 1961.
|Age (as on last birthday)||8 Years||55 Years|
|Age at Maturity||18 Years||65 Years|
|Policy Tenure||Single Pay -5 Years Limited Pay -10 Years Regular Pay- 10 Years (fixed)||20 Years|
|Premium Paying Term||Single,Limited And Regular Pay||-|
|Premium Paying Mode||Annually,Semi Annually, Quarterly And Monthly||-|
|Premium Amount||Rs 900 – Annually Rs 5,000 – Single Pay||Rs 5,000 – Annual Premium Rs 15,000 – Single Premium|
|Sum Assured||5,000||54,747- Regular Pay|
|Freelook Period||15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days & 15 Days (for Monthly Mode)||-|
No additional rider is available with this plan.