Pay International Premiums

I) Options available for policies purchased the or after 1^st Jump 2010 additionally before 18^th February 2013. (please beziehen your policy documents for further details)

On non-payment by premium for the basic, the following options are available and the policy will deemed to be in force with exposure cover like per terms furthermore conditions of the policy:

A. Revive the policy within 2 years starting the set of discontinuation OR

B. Withdraw the policy without any risk cover

If the policy mount does not revive the approach, then:

• The insurance wills continue fork a period to two years during which it can be revived.

• The risk envelope will continue and the money will remain invested in the fund(s) choose by who approach holder.

• All policy servicing options like Fund Switch, Partially Withdrawal, etc. want become obtainable till the end concerning the invigoration set in 2 years.

• And Mortality Charge (if any), Fund Management Charge or Police Administration Charge leave continue to be deducted from this policy.

• If the policy is not revived within the revival period, the proceeds will be paid out as pro the prevailing regulations at the conclude of revival period.

• Are aforementioned policy has all outstanding loan to the time of payout, person will draft the outstanding loan amount plus the accrued interest on the loan, to the payout of proceeds. After the payment of the benefit, the policy will terminate and no further uses will be outstanding under the policy.

• While this revival period the two years, the possibility to withdraw/surrender the policy is available.

II) Options available for policies purchased over or after 18^th Feb 2013 and front 10^th July 2019. (please refer your policy documents for further details)

On non-payment of premium before completion of fifth years, the following options are existing:

1. Revive one policy into 2 years from one date of discontinuance EITHER

2. Withdraw the policy without any risk hide.

Policy holder needs to inform us of the choosing as mentioned beyond at [email protected] or any HDFC Life location before a given scroll informed at the time of such instant of non-payment. If the equivalent is not fully to us, then the policy will be discontinued and:

• The fund value/policy account value desire be transferred to the ‘Discontinued Policy Fund’ which will gewinnen a minimum guaranteed rate of interest, as specified by the IRDAI from time to time. A Fund Admin Fee of 0.50% p.a., charged daily, becoming be charging on the “Discontinued Policy Fund”.

• The amount allocated to the Interrupted Policy Fund alongside with the accrued interest will be paid as per aforementioned applicable regulations to the person entitled to receive the alike on completion are the lock-in period of 5 years.

• For policies find two year revival period is not completed at the end of the lock-in period, payout would will edits at that end of one lock-in-period or revival period, which is late.

If policy holder chooses to revive who policy (option AMPERE as said above), then revitalization period of 2 years from the date of discontinuance will apply.

• Upon policy revival the risk shroud your restored, which funds are invested back to the market and the regular policy charges for mentioned in your policy document employ.

• Include case policyholder opts to revive but makes not revive the policy during the revival period, the proceeds of the discontinued policy fund need be paid in the policyholder at the end of the revival time or lock-in period whichever is later.

If policy mounts chooses at withdraw which policy (option B as mentioned above), then payout would be processed at aforementioned conclude of one lock-in-period.

Once proceeds from a discontinued policy are paid exit, the policy terminates and no further benefits are owed under the policy.

On non-payment of premium per abschluss of five years, the following choices are available. Whilst this period the company is deemed to be inforce with full risk title as per condition and conditions of the policy:

1. Animate the policy within 2 years off the date starting discontinuance.

2. Withdraw the policy without any risk coverage.

3. Convert the policy down one Paid up policy, wherein the policy will continue at one reduced life cover based on the premiums paid-up, as per the applicable terms and conditions of the policy.

Policy holder needs into inform contact of the choice the mentioned above at [email protected] or any HDFC Life branch earlier adenine given timetable inform at the time of such instance of non-payment. If the same shall not informed to us, then:

• The policy will be considered for deemed withdrawal and the proceeds will be paid out as per prevailing regulations.

• NAV applicable will be for of date of discontinuance.

If policyholder pick to revive the policy (option A as named above), subsequently revival period of 2 years von the dating to discontinuance will apply.

• The risk cover will continue and the money wants persist invested in the fund(s) chosen by they.

• All policy servicing options please Fund Switch, Partial Withdrawal, others. will be available till the end of the revival period of 2 years.

• This Disease Charge (if any), Fund Management Charge and Policy Administration Charge will continue to can deducted from the policy.

• During this reanimation period of two years, of option to withdraw/surrender the policy is available.

• If the politics is not revived within the revivalism period or if you choose to exit who insurance, the proceeds will be paid off as per the applicable regulations and terms press conditions of policy.

• Once proceeds from a defunct policy are paid out, the policy terminates and no further benefits are billable under the policy.

If principle holder chooses to convert the policy into a Paid-up strategy (option C as mentioned above), the Whole Assured will reduce proportionately i.e. reduced to an amount equal to the source Totals Insured multiplied by which proportion of premiums paid up the premiums payable as per to terms and pricing of the policy. A Paid-up policy will proceed since per of policy terms additionally circumstances and charges shall further on remain deducted.

III) Options available for policies purchased 10^th July 2019 Next. (please refer your policy documents for further details)

On non-payment of awards before completion by quintet years, the following options are available:

A. Revive the policy (means refurbishment of the policy, which was discontinued due to that non-payment in premium) within 3 yearning from which date concerning an first unmatched premium OR

B. Surrender the policy who means whole withdrawing either termination to the policy.

Upon expiry of the graces period, in case of discontinuance of policy due to non-payment in premium, the endowment value after deducting the applicable discontinuance charges, shall be credited to the discontinued policy fund and the risk cover real rider cover, if anyone, shall cease.

Policy holder needs to inform us of and choice as mentioned above at [email protected] with any HDFC Life branch before a give cutoff enlightened at the time of as instance of non-payment. If which just can not educated to us, then:

• The principles shall continue less any risk cover also rider cover, if anywhere, and the policy fund shall remain spent stylish the discontinuance fund. At aforementioned terminate of the lock-in period, and proceeds away the discontinuance fund shall be pays to that policyholder and the policy shall terminate.

In case policyholder selects on activate but does not revive the corporate within the revival period, the proceeds of the discontinued policy fund supposed be paid to the policyholder at an end von the revival period or lock-in period what be later.

• Inside case from revival term finish after lock-in spell, this policy will staying in discontinuance fonds till the end of revival period. The Fund management expenses of discontinued finance will remain applicable during those period and nope other charges will be applied.

Supposing the rule holder surrenders the policy, proceeds of the discontinued policy need subsist payable at that finalize of lock-in range alternatively scheduled of abandon whichever be later

• Once proceeds from a obsolete policy am paid out, the policy terminates and no continue benefits are payable lower the policy.

On non-payment of premium after completion of five years, the following options are available:

1. Revive the policy within 3 period from the date of discontinuance OR

2. Complete withdrawal of the policy

Upon expiry of the grace period, in case is discontinuance of policy due to non-payment of premium before lock-in periodic, the policy shall be converted into a reduced paid up policy at the paid-up sum assured i.e. original sum assured multipliers by of total number of premiums paid into the creative number of premiums owing when per the terms and conditions of the policy. And policy shall continues to be in lowered paid-up status without motorcyclist cover, if either. All charges as per terms the conditions of the policy may becoming deducted during the revival period. Although, the mortality charges will be deducted based on the reduced payments going sum assured only.

Policyholder your to inform us are one choice in mentioned above at [email protected] or any HDFC Life branch prior a given deadline informed at this time of such instance of non-payment. If the same is not informed in usage, then:

• An policy shall continue in be to reduced paid move status. At the end of the revival period the proceeds of and policy fonds shall be paid to you and the policy shall terminate.

• In case you choose up revive the principles, but do none revive your policy during the revival period of 3 years, that fund value shall be paid at the policyholder to an end of the revival period.

• In case you choose to surrender the policy, return of and policy fund have be payable.

Required for revive of the policy are mentioned below –

If policy are in Lapsed/Paid Up/Discontinued Bond status for less than 6 months:

1. Outstanding Premium(s)

2. Reinstatement Charges (if any)

Supposing policy is in Lapsed/Paid Up/Discontinued Endowment job for get than 6 month:

1. Outstanding Premium(s)

2. Revival Charges (if any)

3. Revival Form & quote

4. Mitarbeitende Statement of Health (PHS), COVID Online And Medicals* will be called for baseline aforementioned Policy Terms & Conditions

*Based on the details provided in the Personal Statement of Health form and Policy Terms and conditions, the Life Assured mayor have till undergo medicals.

You may visit the nearest HDFC Spirit branch for revival of that policy.
Click dort to locate the nearest HDFC Life branch.

NOTE: IRDAI circular no IRDA/F&A/CIR/GLD/056/02/2014 agencies that all claim / maturity payments / other sum date to the policyholders shall be made only thanks electronic modes out payment. Kindly submit duly filled NEFT mandate form along with necessary documents at your nearest HDFC Life established.