Mukesh PuniaRenu BalaSwati AgarwalUmesh KhatriYaminee Jain Date :20/10/2010

Life Insurance Products

Classification of Life Insurance

Term Insurance Whole-life Insurance Universal life Insurance Variable life Insurance

Term Insurance

Term life insurance or term assurance is life insurance which provides coverage at a fixed rate of payments for a limited period of time, the relevant term. If the insured dies during the term, the death benefit will be paid to the beneficiary.

HDFC Standard Life Term Insurance Policies

HDFC Term Assurance Plan HDFC Children’s Plan*

Note: * Children’s Plan is also categorized under Variable Insurance Policies

Whole-life Insurance

A whole life insurance policy covers you for your entire life, not just for a specific period such as term insurance. Your death benefit and premium in most cases will remain the same. It does not allows the policyholder to use the interest from his or her accumulated savings to help pay premiums. Beneficiary receives only face value…but no cash value.

HDFC Standard Whole-life Insurance Policies

HDFC Personal Pension Plan HDFC Immediate Annuity HDFC Single Premium Whole of Life Insurance

Plan HDFC Saving assurance plan HDFC Premium Guarantee Plan HDFC Children plan*

Note: * Children’s Plan is also categorized under Term Insurance Policies

SN. Name of policy Age limit

Term limit

Benefits Products of life insurance

1 HDFC children’s plan

18-60 10-25 Accelerated, maturity, choose seven target

Whole life

2 HDFC saving Assurance plan

18-50 10-30 Flexibility , protection, no medicals,

Whole life

3 HDFC personal plan

35-60 10-40(R)5-15(S)

Choose Whole life

4 HDFC immediate annuity

Life time or over a period

15yr. Death benefit Whole life

5 HDFC single premium

18-70 Death benefit Whole life

6 HDFC Premium Guarantee Plan

18-55 10-30 Maturity benefit (Waiver of premium)

Whole life

Universal life Insurance

Universal Life is a type of permanent life insurance based on a cash value. Unlike whole life insurance, universal life allows the cash value of investments to grow at a variable rate that is adjusted periodically.

Features: 1. premium flexibility (maximum-

minimum range, skipped payment permitted, cash value also changes)

2. cash value accumulation…varies with interest rates used by the insurer

HDFC Standard Universal Life Insurance Policies

HDFC SL Crest HDFC ProGrowth Super II HDFC SL YoungStar Super II HDFC Unit Linked Pension HDFC Unit Linked Endowment HDFC Unit Linked Young Star HDFC Unit Linked Pension II

Variable life Insurance

A form of whole life insurance, variable life insurance provides permanent protection to the beneficiary upon the death of the policy holder. It builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds

HDFC Standard Variable Life Insurance Policies

HDFC Endowment Assurance Plan HDFC SL New Money Back Plan HDFC Money Back Plan

SN.

Name of the Product

Age Limit

Term Limit

Benifits

1 HDFC Money Back Plan

12-60 10-30

i)Critical Illnessii)Addn. term benefitiii)Accdntl. Benefitiv)Waiver of premium

2 HDFC SL New Money Back Plan

14-53 12,16,20 and 24

i)Money Backii)Maturity+Death benefit

3 HDFC Endowment Assurance Plan

12-60 10-30

Same as above

*EPI: Earned Premium Income

Fund Allocation of the Company

Thank you