HDFC Life Sanchay Par Advantage: A Unique Whole Life Proposition

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"Explore HDFC Life Sanchay Par Advantage, a plan designed for those who value liquidity and want payouts from the first month itself. This innovative product offers guaranteed income, cash bonuses, and superior returns with increased equity exposure. Discover a comprehensive solution that addresses the need for speed and immediate financial benefits in life insurance."

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HDFC Life Sanchay Par Advantage This presentation is strictly for internal use. This should not be used for solicitation November 2019 This is the sole and exclusive property of HDFC Life. September 10, 2024

The need for speed... We re always on the moveand don t like to wait We restlessly await the arrival of a cab We hungrily await the delivery of food We cringe when a webpage takes time to load This presentation is strictly for internal use. This should not be used for solicitation.

When it comes to Life Insurance... A customer usually waits for a few years for Liquidity Receive 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Pay Even if he were to withdraw... 2 year wait in case of a Traditional policy 5 year wait in case of a ULIP This presentation is strictly for internal use. This should not be used for solicitation.

What if... There s a plan which offers payouts from 1st month itself Receive 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 .. 70 Pay And offers superior returns Upto 7%*! This presentation is strictly for internal use. This should not be used for solicitation. *illustrated at 8%

Dont you wish you could get more? With part of it being a guaranteed income* for a fixed period! Receive 1 2 3 4 5 6 7 8 9 10 11 12 13 34 35 36 . 69 70 Pay This presentation is strictly for internal use. This should not be used for solicitation. *under the deferred income option

Developing a plan which satisfies such needs Built on a PAR platform to offer superior returns through increased equity exposure* (compared to Non-Par) Cash Bonus for monthly payouts Awhole life proposition New This presentation is strictly for internal use. This should not be used for solicitation. * ~15-25%

Introducing, HDFC Life Sanchay Par Advantage This presentation is strictly for internal use. This should not be used for solicitation. 7

Product Offerings 02 03 Accrue Bonuses Limited PPT 01 04 Sanchay Par Advantage Whole Life Cover Whole Life Income 06 05 Payouts from 1st month Tax Benefits This presentation is strictly for internal use. This should not be used for solicitation.

Key Features Regular Payouts Cash Bonus payouts from 1st month under the Immediate Income Option Flexibility to accrue Cash Bonus basis Reverse Repo Rate Policy Term Whole of life (100 years) Guaranteed Income for 25 years (under Deferred Income) Premium Payment Term 6 | 8 | 10 | 12 years This presentation is strictly for internal circulation. This should not be used for solicitation. 9

Plan option 1: Immediate Income This presentation is strictly for internal use. This should not be used for solicitation. 10

Benefits Immediate Income Survival Benefit: Cash Bonus payable at chosen frequency every policy year Maturity Benefit : Sum Assured on Maturity plus Accrued Cash Bonuses (if not paid earlier) plus Interim Survival Benefit plus Terminal Bonus Where, Sum Assured on Maturity is equal to sum of Annualized premiums payable under the policy Death Benefit : Sum Assured on Death plus Accrued Cash Bonuses (if not paid earlier) plus Interim Survival Benefit plus Terminal Bonus Sum Assured on Death is the highest of 10 times the Annualized Premium or Sum Assured on Maturity or Death Multiple (as mentioned in next slide) x Annualized Premium The minimum Death Benefit shall be 105% of Total Premiums Paid as on date of death. * Premium excluding UW extra premiums, modal loadings, taxes and rider premiums, if any This presentation is strictly for internal circulation. This should not be used for solicitation. 11

Death Multiple Age at Entry 47 48 49 50 51 52 53 54 55 56 57 58 59 >=60 Age at Entry Age at Entry Death Multiple Age at Entry Death Multiple Death Multiple Death Multiple <=5 6 7 8 9 10 11 12 13 14 15 16 17 18 15 14.9 14.8 14.7 14.6 14.5 14.4 14.3 14.2 14.1 14 13.9 13.8 13.7 19 20 21 22 23 24 25 26 27 28 29 30 31 32 13.6 13.5 13.4 13.3 13.2 13.1 13 12.9 12.8 12.7 12.6 12.5 12.4 12.3 33 34 35 36 37 38 39 40 41 42 43 44 45 46 12.2 12.1 12 11.9 11.8 11.7 11.6 11.5 11.4 11.3 11.2 11.1 11 10.9 10.8 10.7 10.6 10.5 10.45 10.4 10.35 10.3 10.25 10.2 10.15 10.1 10.05 10 This presentation is strictly for internal circulation. This should not be used for solicitation. 12

Plan Working Immediate Income 0 1 2 6 .. . . MA TU R I T Y PPT Cash Bonus shall be payable every month till age 100 Sum Accrued Cash Bonus (if not paid earlier) + Interim Cash Bonus (if any) + Terminal Bonus (if declared) Assured on Maturity + Annual Premium Cash Bonus^ ^The Cash Bonus payouts shown above are for Monthly payout frequency. If in case Annual payout frequency is chosen, the payouts will start from the end of 1st Year. The policyholder can also opt to avail Quarterly or Semi-Annual payout frequency This presentation is strictly for internal circulation. This should not be used for solicitation. 13

Working Illustration Immediate Income Age of the Policyholder 30 31 32 33 34 35 36 37 Receives annual Cash Bonus INR 30,000* till age 100 Premium Pays Premiums for 8 years INR 1,00,000 annually Cash Bonus Maturity Benefit You Pay INR 8,00,000 Maturity Benefit = Return of Premiums^ + Terminal Bonus + Last Cash Bonus Payout You Get INR 1,88,34,000* 97 98 99 100 Receives Maturity Benefit INR 1,67,64,000 * ^excluding loading, rider premium, taxes modal This presentation is strictly for internal circulation. This should not be used for solicitation. *at assumed 8% investment returns 14

Illustrated Non-Guaranteed Cash Bonus* (% Annual Premium) 8% Interest Rate scenario Option Immediate Income Age at Entry / PPT 6 8 10 12 Up to 25 years 26 to 35 years 36 to 40 years 41 to 45 years 46 to 50 years 51 to 55 years 56 to 60 years 61 years and above 22.5 22 21 20 19 16.5 13 8 29.5 29 28 27 27 25 21.5 17.5 35 35 34 33 33 31.5 28 24 39.5 39 38 36 36 33 28 23 Immediate Income Option NIL 1 1.5 1.5 2 Additional Cash Bonus Premium Band < 1 lac 1 lac to < 2 lacs 2 lacs to < 3 lacs 3 lacs to < 5 lacs >= 5 lacs *at assumed 8% investment returns This presentation is strictly for internal use. This should not be used for solicitation.

IRRs Immediate Income Immediate Income option PPT = 8 years IRRs* Age \ Premium 0 (30 days) PPT = 6 years PPT = 10 years PPT = 12 years 50,000 1,00,000 5,00,000 50,000 1,00,000 5,00,000 50,000 1,00,000 5,00,000 50,000 1,00,000 5,00,000 6.70% 6.83% 6.92% 6.74% 6.85% 6.93% 6.78% 6.88% 6.95% 6.82% 6.91% 6.97% 20 6.48% 6.61% 6.69% 6.54% 6.65% 6.73% 6.59% 6.69% 6.76% 6.63% 6.72% 6.78% 25 6.41% 6.54% 6.62% 6.48% 6.59% 6.67% 6.54% 6.64% 6.70% 6.58% 6.67% 6.73% 30 6.38% 6.50% 6.58% 6.46% 6.56% 6.63% 6.47% 6.57% 6.63% 6.54% 6.63% 6.69% 35 6.25% 6.36% 6.43% 6.35% 6.46% 6.52% 6.38% 6.48% 6.54% 6.46% 6.54% 6.60% 40 6.20% 6.30% 6.35% 6.32% 6.42% 6.47% 6.35% 6.44% 6.50% 6.40% 6.48% 6.53% 45 6.08% 6.17% 6.21% 6.24% 6.33% 6.38% 6.27% 6.36% 6.41% 6.35% 6.43% 6.48% 50 5.85% 5.92% 5.93% 5.96% 6.04% 6.08% 6.05% 6.13% 6.17% 6.07% 6.14% 6.18% 55 5.72% 5.77% 5.76% 5.81% 5.88% 5.90% 5.84% 5.91% 5.94% 5.92% 5.98% 6.01% 60 5.61% 5.64% 5.62% 5.75% 5.81% 5.82% 5.75% 5.81% 5.83% 5.81% 5.86% 5.89% 65 5.31% 5.32% 5.27% 5.41% 5.44% 5.43% 5.43% 5.47% 5.47% 5.41% 5.45% 5.46% This presentation is strictly for internal circulation. This should not be used for solicitation. *at assumed 8% investment returns 16

Surrender during the Policy Term We understand that you may not be able to continue your policy for the entirety of its term due to unforeseen circumstances. The product has been built in a way that the customer gets decent returns even if he opts to surrender his policy anytime during the policy term For a Male policyholder aged 30 years, opting for Immediate Income option with regular cash payouts, paying a premium of INR 1,00,000 annually for 8 years Maturity Value 1,67,64,000 6.56% 29,99,000 5.71% Surrender Value* (INR) IRR* 14,44,000 5.19% 20,25,000 5.43% 50,39,000 6.05% Surrender in the year Year 50 Policy Maturity Year 20 Year 30 Year 40 Policy Inception Survival benefits (Cash Bonus) paid till the date of surrender would be deduced from the surrender value This presentation is strictly for internal use. This should not be used for solicitation. *at assumed 8% investment returns

Plan option 2: Deferred Income This presentation is strictly for internal use. This should not be used for solicitation. 18

Benefits Deferred Income Survival Benefit: Guaranteed Income payable for 25 years as Guaranteed Income = Guaranteed Income Rate x Annualized Premium Cash Bonus payable at chosen frequency every policy year Maturity Benefit : Sum Assured on Maturity plus Accrued Survival Benefit (if not paid earlier) plus Interim Survival Benefit plus Terminal Bonus Where, Sum Assured on Maturity is equal to sum of Annualized premiums payable under the policy Death Benefit : Sum Assured on Death plus Accrued Survival Benefit (if not paid earlier) plus Interim Survival Benefit plus Terminal Bonus Sum Assured on Death is the highest of 10 times the Annualized Premium or Sum Assured on Maturity or Death Multiple (as mentioned earlier) x Annualized Premium The minimum Death Benefit shall be 105% of Total Premiums Paid as on date of death. * Premium excluding UW extra premiums, modal loadings, taxes and rider premiums, if any This presentation is strictly for internal circulation. This should not be used for solicitation. 19

Plan Working Deferred Income . . 8 7 0 1 2 3 4 5 6 M AT UR I T Y Guaranteed Income payable for Guarantee Period + Cash Bonus Payable every year till age 100 PPT Sum Assured on Maturity + Accrued Guaranteed Income and Cash Bonuses (if not paid earlier) + Interim Survival Benefit (if any) + Terminal Bonus (if declared) Annual Premium Cash Bonus* Guaranteed Income* *The Survival Benefit payouts shown above are for Monthly payout frequency. If in case Annual payout frequency is chosen, the payouts will start from the end of 2nd Year after the end of Premium Payment Term. The policyholder can also opt to avail Quarterly or Semi-Annual payout frequency This presentation is strictly for internal circulation. This should not be used for solicitation. 20

Working Illustration Deferred Income Age of the Policyholder 30 31 32 33 34 35 36 37 38 39 40 41 42 Premium Pays Premiums for 8 years INR 1,00,000 annually Cash Bonus Receives annual Cash Bonus INR 42,600* for 25 years Receives Guaranteed Income of INR 28,400 annually for 25 years Guaranteed Income Maturity Benefit You Pay INR 8,00,000 63 64 65 Receives annual Cash Bonus INR 71,000* till age 100 Maturity Benefit = Return of Premiums^ + Terminal Bonus + Last Cash Bonus Payout 97 98 99 100 You Get Receives Maturity Benefit INR 62,31,000* ^excluding loading, rider premium, taxes modal INR 1,04,91,000* This presentation is strictly for internal circulation. This should not be used for solicitation. *at assumed 8% investment returns 21

Guaranteed Income Rate (% of Annual Premium) Guaranteed Income Rate (as a % of Annualized Premium) Premium Payment Term (PPT) 8 Up to 25 years 28% 26 to 35 years 28% 36 to 40 years 28% 41 to 45 years 28% 46 to 50 years 28% 51 to 55 years 27.6% 56 years and above Not Available Age at entry 10 40% 40% 40% 40% 40% 40% 40% 12 50.8% 50% 50% 50% 50% 50% 50% Guaranteed Income (for Deferred Benefit option only) Additional Guaranteed Income (% of Annualized Premium) NIL Annualized Premium < 1 lac 0.4% 1 lac to < 3 lacs 1.0% 3 lacs to < 5 lacs 1.2% >= 5 lacs This presentation is strictly for internal circulation. This should not be used for solicitation. 22

Illustrated Non-Guaranteed Cash Bonus* (% Annual Premium) Deferred Income 8% Interest Rate scenario Option During Guarantee Period (25 years after the end of PPT) 8 10 42 60 42 60 42 60 42 60 42 60 41.4 60 Not Available After Guarantee Period Age at Entry / PPT Up to 25 years 26 to 35 years 36 to 40 years 41 to 45 years 46 to 50 years 51 to 55 years 12 76.2 75 75 75 75 75 8 70 70 70 70 70 69 Not 10 100 100 100 100 100 100 12 127 125 125 125 125 125 56 to 60 years 60 75 100 125 Available Deferred Income Option During Guarantee Period Additional Cash Bonus Premium Band After Guarantee Period < 1 lac NIL 1 lac to < 3 lacs 3 lacs to < 5 lacs >= 5 lacs 0.6 1.5 1.8 1 2.5 3 *at assumed 8% investment returns This presentation is strictly for internal use. This should not be used for solicitation.

IRRs Deferred Income Deferred Income option IRRs* PPT = 8 years PPT = 10 years PPT = 12 years Age \ Premium 50,000 1,00,000 5,00,000 50,000 1,00,000 5,00,000 50,000 1,00,000 5,00,000 0 (30 days) 6.56% 6.80% 6.92% 6.54% 6.79% 6.91% 6.82% 6.98% 7.07% 20 6.53% 6.73% 6.83% 6.57% 6.76% 6.86% 6.79% 6.92% 7.01% 25 6.53% 6.72% 6.82% 6.58% 6.76% 6.86% 6.78% 6.91% 6.99% 30 6.53% 6.71% 6.80% 6.59% 6.75% 6.84% 6.80% 6.92% 7.00% 35 6.51% 6.68% 6.78% 6.58% 6.73% 6.83% 6.79% 6.90% 6.97% 40 6.49% 6.65% 6.74% 6.57% 6.71% 6.80% 6.76% 6.86% 6.94% 45 6.44% 6.59% 6.68% 6.53% 6.66% 6.75% 6.70% 6.81% 6.88% 50 6.35% 6.50% 6.58% 6.46% 6.59% 6.67% 6.61% 6.71% 6.78% 55 6.23% 6.37% 6.46% 6.35% 6.48% 6.56% 6.47% 6.57% 6.64% 60 Not Available 6.22% 6.34% 6.42% 6.29% 6.39% 6.46% This presentation is strictly for internal circulation. This should not be used for solicitation. *at assumed 8% investment returns 24

Surrender during the Policy Term We understand that you may not be able to continue your policy for the entirety of its term due to unforeseen circumstances. The product has been built in a way that the customer gets decent returns even if he opts to surrender his policy anytime during the policy term For a Male policyholder aged 30 years, opting for Deferred Income option with regular payouts, paying a premium of INR 1,00,000 annually for 8 years Maturity Value 62,31,000 6.71% 23,42,000 5.45% Surrender Value* (INR) IRR* 18,19,000 5.96% 19,98,000 5.23% 30,12,000 5.86% Surrender in the year Year 50 Policy Maturity Year 20 Year 30 Year 40 Policy Inception Survival benefits (Cash Bonus + Guaranteed Income) paid till the date of surrender would be deduced from the surrender value This presentation is strictly for internal use. This should not be used for solicitation. *at assumed 8% investment returns.

Eligibility This presentation is strictly for internal use. This should not be used for solicitation. 26

Plan Eligibility Criteria Entry Age Minimum 30 days Maximum Immediate Income 65 years (PPT: 6/ 8/ 10/ 12) Deferred Income 55 years (PPT: 8) 60 years (PPT: 10/ 12) 100 years Immediate Income 6, 8, 10, 12 years Deferred Income 8, 10, 12 years 100 years Entry Age INR 3,00,000 Maturity Age Premium Payment Term (PPT) Policy Term (PT) Sum Assured on Maturity Premium No Limit INR 25,000 No Limit This presentation is strictly for internal circulation. This should not be used for solicitation. 27

Understanding Cash Bonus This presentation is strictly for internal use. This should not be used for solicitation. 28

Cash Bonus Participating policies take part in the investment profits of the par fund which is shared with the policyholders in the form of bonus payments. Bonuses declared at the end of every financial year are accrued to the policy and are payable at the time of a claim (death/ surrender/ maturity) Cash bonus is different from other bonuses as this bonus is payable on a yearly basis rather than at the time of a claim and hence acts as a source of regular income Sanchay Par Advantage allows cash bonus payouts at chosen frequency Cash Bonus can be calculated as follows: Cash Bonus = Cash Bonus Rate x Annualized Premium Instead of cashing out, the policyholder can choose to accrue the cash bonus payouts with us and earn additional interest on them This presentation is strictly for internal circulation. This should not be used for solicitation. 29

Flexibilities offered under the plan This presentation is strictly for internal use. This should not be used for solicitation. 30

Accrual of Survival Benefit payouts The policyholder shall have an option to defer the Survival Benefit(s), arising out of declared Cash Bonuses and/ or Guaranteed Income and accrue them instead This can be opted for anytime during the policy term and for any number of times The accrued Cash Bonuses and/ or Guaranteed Income payouts will be accumulated monthly at Reverse Repo Rate The policyholder can withdraw the accrued Cash Bonuses/ Guaranteed Income partly/ fully at any point during the policy term If the unpaid Survival Benefits are not taken by the policyholder during the policy tenure, the same shall be payable along with benefits payable at the time of termination of the policy in the form of death, maturity or surrender This presentation is strictly for internal circulation. This should not be used for solicitation. 31

Working Accrual of Survival Benefit Payouts Cash Bonus, supposed to be paid out every policy year, is instead accrued at Reverse Repo Rate# and paid out at Maturity. The policyholder can opt to withdraw this partially/ fully anytime during the policy term. 0 1 2 3 4 5 6 M A T U R I T Y Cash Bonus shall be payable every year till age 100 PPT Sum Accrued Cash Bonus + Interim Cash Bonus (if any) + Terminal Bonus (if any) Assured on Maturity + Annual Premium Cash Bonus^ This presentation is strictly for internal circulation. This should not be used for solicitation. #based on the prevailing rates 32

Working Illustration Deferral of Survival Benefit Payouts Age of the Policyholder Premium 30 31 32 33 34 35 36 37 Deferred Cash Bonus Pays Premiums for 8 years INR 1,00,000 annually Maturity Benefit You Pay INR 8,00,000 Accrues the annual Cash Bonus payouts of INR 30,000* till age 100 Accrual done at Reverse Repo Rate (5%)# Maturity Benefit = Return of Premiums^ + Accrued Cash Bonus + Terminal Bonus + Last Cash Bonus Payout You Get INR 3,54,24,976* 97 98 99 100 ^excluding loading, rider premium, taxes modal Receives Maturity Benefit INR 3,54,24,976* Non Deferred: INR 1,88,34,000* *at assumed 8% investment returns #based on the prevailing rates This presentation is strictly for internal circulation. This should not be used for solicitation. 33

Choose Survival Benefit Payout Date Survival Benefits will be paid on policy anniversaries by default. Alternatively, the policyholder can choose to receive the survival benefits on any one date as per their choice birthdays, anniversaries, loan instalment payment dates, etc. This presentation is strictly for internal circulation. This should not be used for solicitation. 34

Why should someone buy Sanchay Par Advantage? This presentation is strictly for internal use. This should not be used for solicitation. 35

Why should you buy Sanchay Par Advantage? Benefits of HDFC Life Sanchay Par Advantage: o Survival Benefit payouts help create an alternate source of income o Flexibility to defer benefit payouts can be used with future financial needs in perspective o The plan can be used as a tool to create a legacy for the next generation o The plan can be used to avail regular income for whole of life (till age 100 years) o Protect the family against financial distress in case of unfortunate death o Provides Tax Free income! This presentation is strictly for internal use. This should not be used for solicitation. 36

Suitable for all Life Stages Protection against unexpected rise in expenditure family expenses, medical exigencies Build a corpus for your dream vacation (Accrual of payouts) Income to reduce the burden of EMIs Regular Income to support college expenses and early career Regular Income to maintain post retirement lifestyle Regular Income can be used to pay for education This presentation is strictly for internal use. This should not be used for solicitation.

Other Information This presentation is strictly for internal use. This should not be used for solicitation. 38

Other Information (1/3) Grace Period 30 days for yearly, half-yearly and quarterly frequencies 15 days for monthly frequency In the event of non payment of premium due under the policy within the grace period, the policy will lapse if the policy has not acquired a surrender value Lapsation If you stop paying premiums after the policy has acquired a guaranteed surrender value (GSV), your policy will be made reduced paid-up at end of the grace period. Paid Up Once a policy becomes paid-up: the guaranteed benefits, including guaranteed income under Deferred Income option, shall be computed by multiplying the guaranteed benefits as specified to the ratio of the number of premiums paid to the number of premiums payable under the policy The Cash Bonus payouts shall also be scaled down by the ratio of the number of premiums paid to the number of premiums payable under the policy Under Immediate Income option, once the policy becomes reduced paid-up, the Cash Bonus payouts shall be stopped immediately until the end of the premium payment term and will start again after the end of premium payment term only This presentation is strictly for internal use. This should not be used for solicitation. 39

Other Information (2/3) The revival period shall be of five years For revival, you will need to pay all the outstanding premiums and interest on the outstanding premiums and applicable taxes Revival The policy will acquire a Guaranteed Surrender Value (GSV) upon the payment of first two years premium, irrespective of the premium payment term Surrender 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 Exclusion You can avail Loan under the policy provided the policy has acquired a surrender value subject to the specified terms and conditions Policy Loan This presentation is strictly for internal use. This should not be used for solicitation. 40

Other Information (3/3) The instalment premium for the premium payment frequencies other than annual mode is arrived at by multiplying the annual premium by the conversion factors, given below: Premium/ Payout Frequency Frequency Conversion Factor Semi-annual 0.5100 Quarterly 0.2600 Monthly 0.0875 Instalments for Survival benefit for frequencies other than annual mode is arrived at by multiplying the annual Survival benefit by the conversion factor given below: Frequency Conversion Semi-annual 98% of Annual Survival Benefit x 1/2 Quarterly 97% of Annual Survival Benefit x 1/4 Monthly 96% of Annual Survival Benefit x 1/12 This presentation is strictly for internal use. This should not be used for solicitation.

Competition Benchmarking This presentation is strictly for internal use. This should not be used for solicitation. 42

Competition Benchmarking HDFC Life Sanchay Par Advantage Aditya Birla Vision Life Income Feature PNB Metlife Super Saver Min Policy Term: 10y for PPT 5 & 7 | 11y for PPT 10 | 13y for PPT 12 | 16y for PPT 15 | 10,12,15 for Regular Pay Max Policy Term: 20y Policy Term Whole of Life Whole of Life PPT 6 | 8 | 10 | 12 years 8 | 10 | 12 | 15 to 40 years 5, 7, 10, 12, 15 and Regular pay Under Liquidity option, Cash Bonus payable after the end of PPT For Savings + Family Care option, after death of the Life Assured Cash bonus, if any, shall continue to be paid till Maturity Cash Bonus payable from end of 1st Policy Year (from PPT+1 years in Deferred Income) Guaranteed Income for 25 years (Deferred Income option) Guaranteed Income payout as 5% of SA after end of PP Lump sum Payout of accrued Bonuses after PPT Bonus payouts after end of PPT Survival Benefit Payouts Can choose to accrue bonuses as Reversionary Bonus liquidity through cash bonus payouts Option to accrue Survival Benefit payouts or choose for Accrual of Cash Bonus/ Payout Frequency Survival Benefit payouts on Monthly basis allowed Withdrawal of accrued Survival benefit as desired Flexibilities Can choose to change from immediate payouts to accrual and vice versa any number of times Other Benefits Enhanced benefits for high premium Premium Discount for High SA Enhanced benefits for high premium IRRs (Deferred Income) AP 1 lac, 30y old, 8 PPT Please refrain from using this slide for sales solicitation 5.5 % (A: 40y | PPT/PT 10/20y | AP = INR 50,000) 6.71% 6.57% This presentation is strictly for internal circulation. This should not be used for solicitation. 43

Competition Benchmarking HDFC Life Sanchay Par Advantage Kotak Smart Life Plan Feature Max Life Gain Premiere Till age 75 years Policy Term Whole of Life 15 | 20 | 25 years 6 | 8 (PT 15 years) 6 | 8 | 10 (PT 20 years) 12 (PT 25 years) 6 | 8 | 10 | 12 | 15 years PPT 6 | 8 | 10 | 12 years Cash Bonus payable from end of 1st Policy Year (from PPT+1 years in Deferred Income) Guaranteed Income for 25 years (Deferred Income option) Cash Bonus payable from end of 1st Policy Year Survival Benefit Payouts Cash Bonus payable from end of 2nd Policy Year Option to accrue Cash Bonus as PUA Option to accrue Survival Benefit payouts Option to accrue Cash Bonus as PUA Accrual of Cash Bonus/ Payout Frequency Can utilize the Cash Bonus to reduce payable premium amount Survival Benefit payouts on Monthly basis allowed Withdrawal of accrued Survival benefit as desired Withdrawal of accrued PUAs as desired Flexibilities Can choose to change from Cash Payouts to PUAs once during PT Can choose to change from immediate payouts to accrual and vice versa any number of times Premium Discount for High SA Other Benefits Enhanced benefits for high premium Premium Discount for High SA IRRs (Immediate Income) AP 1 lac, 30y old, 8 PPT 6.56% 4.2%~ (PT: 25 years) 4.88% This presentation is strictly for internal circulation. This should not be used for solicitation. 44 Please refrain from using this slide for sales solicitation

Annexures This presentation is strictly for internal use. This should not be used for solicitation. 45

GSV factors Premium Paying Term 8 years 0% 0% 30% 35% 50% 50% 50% 50% 60% 65% 75% 80% 90% Policy Year 6 years 0% 0% 30% 35% 50% 50% 60% 65% 75% 80% 80% 80% 90% 10 years 0% 0% 30% 35% 50% 50% 50% 50% 65% 70% 75% 80% 90% 12 years 0% 0% 30% 35% 50% 50% 50% 50% 58% 65% 73% 80% 90% 0 1 2 3 4 5 6 7 8 9 10 11 12+ This presentation is strictly for internal circulation. This should not be used for solicitation. 46