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Insurance
Home » Personal » Investment & Insurance » Insurance

Insurance

For more details on risk factors, terms and conditions, please consult Relationship Manager before taking a decision.

  • HDFC Life ClassicAssure Plus

HDFC Life ClassicAssure Plus is an investment cum insurance plan that offers guaranteed benefit while letting your money grow.
Features

  • Limited premium payment terms of 7 and 10 years
  • Insurance coverage throughout the policy term
  • Guaranteed reversionary bonus during the premium paying term
  • Option to go for a Short Medical Questionnaire eliminating tedious medical tests
  • The plan can be taken only on a single life basis

Advantages

  • Provide invaluable protection to your family by way of lump sum payment in case of unfortunate demise during the policy term
  • Enjoy a discount on basic premium for policies with sum assured of Rs. 10 lakhs or above
  • Avail of a loan under this policy subject to conditions
  • Enjoy Tax benefits subject to conditions contained under sections 80C and 10(10D) of Income Tax Act, 1961
  • Flexibility to pay premiums annually/half-yearly/monthly/quarterly depending on your convenience
  • HDFC Life Sanchay

HDFC Life Sanchay is a non-participating insurance plan that offers guaranteed benefits along with flexibility to choose your investment horizon.
Features

  • Non Participating Traditional Plan with Guaranteed Benefits
  • Limited premium paying term of 5, 8 or 10 years
  • Flexibility to choose the policy term of 15 to 25 years
  • Guaranteed Additions of 8% or 9% of Sum Assured to your maturity benefit, accrued at simple rate for each completed policy year
  • The total Guaranteed Maturity Benefit will be between 220% to 325% of Sum Assured provided all due premiums have been paid
  • The flexibility to choose premium payment frequency i.e. monthly/quarterly/half-yearly/annually

Advantages

  • Limited premium paying term of 5,8 or 10 years with flexibility to choose policy term between 15 to 25 years
  • Financial Protection against untimely demise, throughout the policy term
  • Guaranteed Benefits of 220% to 325% of the Sum Assured depending upon the policy term
  • You can opt for hassle-free issuance on the basis of a Short Medical Questionnaire eliminating tedious medical tests 

  • HDFC Life Super Income Plan

HDFC Life Super Income Plan is a participating regular income plan with guaranteed benefits plus bonuses to best plan your investment needs.

Features

As you approach different stages in life, there are dreams and aspirations that you set out for yourself and your family. But this does not set you free from the day to day responsibilities of managing house, paying for health expenses, school fees etc. To help you ensure that none of this is compromised for the other, we offer you a solution such that you can fulfill your dreams uninterrupted.

  • Enjoy Regular income for a payout period of 8 to 15 years.
  • Your Regular Income comprises of Guaranteed Base Income (GBI) payouts, varying from 8.0% to 12.5% of the Sum Assured on Maturity, payable every year.
  • At the end of policy term you get a Maturity payout , aggregate of accrued bonuses and the last guaranteed payout
  • Your Regular Income and Maturity Benefit will be Tax Free under Sec 10(10D) of Income Tax Act, 1961.
  • Get Tax Benefit on premiums paid under Sec 80C of Income Tax Act, 1961.
  • Choice of Plan options with various combinations of premium payment and policy term to meet your income goals.
  • The flexibility to choose the premium payment frequency i.e. monthly/quarterly/half-yearly/annual. 

Advantages

  • Limited premium paying term of 8, 10 or 12 years
  • Guaranteed Income every year for a period of 8, 10, 12 or 15 years.
  • Financial Protection against untimely demise, throughout the premium payment term as well as the payout period
  • You can opt for hassle-free issuance on the basis of a Short Medical Questionnaire eliminating tedious medical tests 

  • HDFC Life YoungStar Udaan

HDFC Life YoungStar Udaan is a traditional participating insurance plan. This plan is ideal for parents who wish to make provision for academic expenses that occur prior to college education as well as specific goals like college fees or marriage expenses etc.
Features

  • Three Maturity benefit options to choose from based on which your survival/maturity benefits payable are decided
    • Aspiration (Endowment benefit) – Lumpsum payout at maturity
    • Academia (Moneyback benefit) – payouts during last 5 policy years with first guaranteed payout higher than subsequent guaranteed payouts
    • Career (Moneyback benefit) – payouts during last 5 policy years with last guaranteed payout higher than previous guaranteed payouts
  • Two Death Benefit options to choose from based on which death benefit payable are decided
    • Classic: Policy Terminates after payment of death benefit
    • Classic Waiver: Policy continues after payment of death benefit + Future Premiums waived
  • Limited PPT of 7, 10 or Policy term minus 5 years
  • Flexibility to choose your policy term from 15 to 25 years as per your child’s future needs
  • Guaranteed Additions1 during first 5 policy years, if applicable
  • Participating plan with accrued bonuses payable at maturity
  • Option to take this policy by filling a Short Medical Questionnaire (SMQ) 2
  • Tax Benefits3 under Section 80C and Sec 10(10D) of Income Tax Act 1961

1Conditions Apply, please refer to sales brochure;
2Please refer to underwriting guidelines for conditions;
3Subject to provisions as per Income Tax Act, 1961. Tax Laws are subject to change.

Advantages

  • Survival/Maturity Benefits:

The table below specifies the series of money back/endowment payouts, payable at the end of each year, for a premium paying or a fully paid-up policy.

investment_insurance_1
SA: Sum Assured on maturity. GA: Guaranteed Additions

  • Death Benefit:

The table below captures the available death benefits during the policy term under various options.


Death Benefit Options

Death Benefits

Classic

Basic Death benefit + Accrued Guaranteed Additions + Accrued Bonuses, if any

Classic Waiver

Basic Death benefit + Premium Waiver

The table below describes each of the above benefits in detail.


Basic Death Benefit

The basic death benefit shall be the higher of:

    • Sum Assured on Death
    • 105% of Premiums paid

The Sum Assured on Death shall be the higher of:

    • Sum Assured on Maturity^
    • 10 times Annualised Premium for entry age up to 50 years and 7 times Annualised Premium for entry age greater than 50 years

Premium Waiver

All future outstanding premiums under the policy will be waived. The contract shall continue and the benefits as per Survival benefit and Maturity Benefit shall be available.



For the purpose of computation of Death Benefit, the premiums shall exclude any underwriting extra premiums, any loadings for modal premiums and any taxes paid such as service tax and education cess.

  • HDFC Life Sampoorn Samridhi Plus

HDFC Life Sampoorn Samridhi Plus Limited premium endowment plan with an option to extend life coverage up to 100 years under whole life coverage

Features

  • Limited premium endowment plan with an option to extend life coverage up to 100 years under whole life coverage
  • Limited premium payment term equal to policy term less 5 years
  • You have the flexibility to choose a policy term from 15 to 40 years
  • Guaranteed Additions up to 5% p.a. of “Sum Assured on Maturity” for first 5 years
  • The plan participates in the profit of the participating fund by way of bonuses from the 1st year
  • Get an additional sum assured in case of accidental death during the policy term
  • You have the flexibility to choose the premium payment frequency i.e. monthly/quarterly/half-yearly/annual
  • Tax Benefit under Section 80C and Section 10(10D) of Income Tax Act, 1961

Advantages

  • HDFC Life Sampoorn Samridhi Plus provides an option to choose between the following Plan option:
    • Endowment - Lump sum amount payable at the end of policy term.
    • Endowment with Whole Life - Lump sum amount payable at the end of policy term + Sum Assured on Maturity payable on survival till age 100 years or death, whichever is earlier
  • Maturity Benefit:
    • Endowment : Sum Assured on Maturity + Accrued Guaranteed Additions + Accrued Reversionary bonuses + Interim Bonus (if any) + Terminal Bonus (if any) on maturity
    • Endowment with Whole Life: Benefit payable under Endowment Option + Sum Assured on Maturity payable on survival till age 100 years or death whichever is earlier
  • Death Benefit:

In case of the Life Assured’s unfortunate demise, we will pay to the nominee the highest of the following:

    • Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus (if any) + Terminal bonus (if any)
    • 105% of premiums paid till date
  • Where Sum Assured on Death is :
    • Sum Assured on Maturity, which is the absolute amount of benefit guaranteed to be payable on maturity of the policy
    • An absolute amount assured to be paid on death, which in this case is equal to the Sum Assured on Maturity
    • 10 times Annualized Premium for entry age up to 50 years and 7 times Annualized Premium for entry age greater than 50 years
  • Accidental Death Benefit:
    • In case of the Life Assured’s unfortunate demise during the term of the policy, an additional sum equal to Sum Assured on Death is payable provided the life assured is aged 18 years & above on the date of death.
  • HDFC Life Personal Pension Plus

HDFC Life Personal Pension Plus is a traditional participating pension plan ideal for individuals who seek to plan for their retirement. Get secure and stable returns on your invested corpus for post retirement income

Features

  • Flexibility to choose your investment horizon from 10 – 40 years
  • Assured benefit equal to 101% of all regular premiums paid on death or at vesting
  • The plan can be taken only on a single life basis
  • The flexibility to choose the premium payment frequency i.e. quarterly/half-yearly/annual

Advantages

  • At vesting (on maturity), choose from a range of annuity options from us and get guaranteed income for life
  • Option to commute up to 1/3rd of the vesting benefit tax free
  • The minimum level of death benefit at all times is 105% of the premiums paid
  • Enjoy tax benefits on the premiums paid under Section 80CCC of the Income Tax Act 1961, subject to conditions

  • HDFC Life New Immediate Annuity

HDFC Life New Immediate Annuity Plan is a non linked traditional annuity plan that offers you various annuity options and provides you an opportunity to live life at on your terms even after retirement.
Features
Financial independence is a dream for most individuals.To lead a comfortable life, particularly after retirement after all the years of hard work is on everyone’s wish list. A smart way to ensure a regular income stream post retirement is by taking an annuity.

  • Guaranteed income for as long as you/your partner lives
  • Wide range of annuity options to cater to your diverse needs
  • Flexibility to choose frequency of annuity from monthly/quarterly/half-yearly/annual options

Advantages

  • Guaranteed income for as long as you/your partner lives at a frequency of your choice - monthly/quarterly/half-yearly/annual options
  • Benefit from higher annuity rates at investment of Rs 2,50,000 or higher
  • Death benefit on certain annuity options that provide for return of purchase price or annuity to your spouse
  • HDFC Life Sampoorn Nivesh

HDFC Life Sampoorn Nivesh is a unique insurance cum investment plan designed specifically with multiple fund options so as to help you optimize your investment.
Features

  • Flexibility to choose your investment term from 10 to 25 years1
  • Customize your premium payment options – Single, Limited or Regular
  • Choice of 3 Benefit Options to suit your financial requirements
  • Option of accidental death benefit through Extra Life Option
  • Loyalty additions to enhance your Fund Value after 10 years
  • Reduced premium allocation charge on investing higher premium amount2
  • Flexibility to choose from 8 fund options 

111 to 14 years terms are not available
2Available for premium of 1 lakh & above for limited & regular premium payment options and 10 lakhs & above for single premium payment option

Advantages

  • HDFC Life Sampoorn Nivesh provides 3 Benefit Options to choose from based on your requirement:
    • Classic
    • Classic Plus
    • Classic Waiver
  • Death Benefit:
    In case of the Life Assured’s unfortunate demise during the policy term, we will pay a lump sum amount to the nominee as mentioned below:


investment_insurance_2

  • Accidental Death Benefit:
    Get invaluable protection for your family through Extra Life option in case of Accidental Death
  • Maturity Benefit:
    On survival till the end of policy term, you will receive your Fund Value as Maturity Benefit
  • Loyalty Additions*
    Enhance your Fund Value through Guaranteed Loyalty Additions from 10th policy year
  • Reduced Allocation Charge*
    Optimize your investments through Reduced Premium Allocation Charge by investing higher premium
  • Flexibilities:
    • Get 4 Fund Switch, Premium Redirection and Partial Withdrawal each absolutely free in a policy year
    • This plan can be availed by filling short medical questionnaire, which may not require you to go for medicals
    • Fill a short questionnaire to avoid medical check-ups
  • Tax Benefit:
    Avail Tax Benefit under Section 80C and Section 10(10D) of Income Tax Act, 1961 

*For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.

  • HDFC Life Click2Protect Plus

HDFC Life Click 2 Protect Plus is a term insurance plan in India which provides you comprehensive protection at an affordable price and helps you to protect yourself and your loved ones against the uncertainties that life may throw at you.
Features

  • HDFC Life Click 2 Protect Plus provides Comprehensive Protection to you & your family with choice of Plan Options
  • The Plan provides you with four cover options:
    • Life Option – Lump sum payout of Death Benefit
    • Extra Life Option (Accidental Death Benefit) – Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident.
    • Income Option – Part of Sum Assured payable on death and the remaining payable as monthly income for 15 years
    • Income Plus Option – Sum Assured paid on death & monthly income paid for next 10 years. The monthly Income can be chosen as Level or Increasing at 10% p.a.
  • Under Life Stage Protection Feature you have an option to Increase your Insurance Cover on certain key milestones of your Life like Marriage, Child Birth without fresh medical test
  • Flexibility to choose your policy term of 10 to 40 years as per the cover required
  • Option of Regular , Limited & single Premium Payment Term
  • Rewards you for healthy lifestyle with lower premium rates for non-tobacco users
  • Option to pay premiums annually, half-yearly, quarterly or monthly for Regular & limited premium paying term policy
  • You can customize your coverage by opting HDFC Life Income Benefit on Accidental Disability Rider that offers monthly Income of 1% of rider Sum Assured in the event of Total Permanent Disability due to accident for a fixed period of 10 years.

Advantages

  • Death Benefit under the plan is:

    • Single Premium Policy: Higher of :
      • 125% of Single Premium
      • Sum Assured
    • Regular Premium Policy: Higher of :
      • 10 times the annualized premium
      • 105% of all the premiums paid as on date of death
      • Sum Assured
    • Life Option: The death benefit specified above is paid as lump sum on death.
    • Extra Life Option(Accidental Death Benefit): In addition to the death benefit mentioned above an additional benefit equal to Sum Assured is payable in case of death due to accident
    • Income Option:
      • 10% of the Death Benefit paid as a lump sum upon death
      • remaining 90% of the Death Benefit shall be paid as monthly income over next 15 years (0.5% of Death Benefit every month for 15 years)
    • Income Plus Option:
      • 100% of the Death Benefit specified above shall be paid as a lump sum upon death
      • In addition, a monthly income equal to 0.5% of the Sum Assured shall be payable for a period of 10 years.
      • The monthly income can be level or increasing at 10% p.a. as chosen by the policyholder
  • Save Tax under sections 80C and 10(10D) of the Income Tax Act 1961 as per prevailing tax laws. 
  • Choose Sum Assured, Policy Term, Plan Option to suit your needs.

  • HDFC Life Cancer Care

HDFC Life Cancer Care offers lump sum benefit on diagnosis of Cancer that helps to protect your income and savings from expenses that aren't covered by your major medical coverage, like Out of pocket medical expenses, Out of Network specialist, Experimental Cancer Treatment, Travel & Lodging etc. when treatment is far and so on.

Features

  • Comprehensive Cancer Care plan that offers lump sum benefit on diagnosis of Early Stage and Major Cancer
  • Flexibility to choose from 3 plan options with varied benefits:
    • Silver Option
    • Gold Option
    • Platinum Option
  • Waiver of Premium Benefit in case of diagnosis of Early Stage Cancer in all options
  • In case of no claims, the Sum Insured increases by 10% annually under Gold and Platinum Option
  • Monthly Income of five years in case of diagnosis of Major Cancer under Platinum Option
  • Offers Premium discounts for Sum Insured above Rs 10 Lakhs
  • Simplified issuance process, no requirement to undergo any medicals
  • Tax benefits subject to provisions contained under section 80D of the Income Tax Act 1961

Advantages

  • Benefits offered under the various Plan Options:
    • Silver Option:
      • Offers lump sum benefit on diagnosis of Cancer as per the table below:

Diagnosis of

% of Applicable Sum Insured

Early Stage cancer or Carcinoma-in-situ (CIS)

25

Major Cancer

100 less Early Stage Cancer or CIS claims, if any

      • Waiver of Premium: On a valid claim of Early Stage Cancer or Carcinoma-in-situ (CIS) diagnosis, premiums will be waived for a period of 3 policy years.
  • Gold Option: In addition to the above benefit under this option Increased Benefit is also payable. In Increased benefit, the Sum Insured increases by 10% of initial Sum Insured each year starting from the first policy anniversary. This will continue till the earlier of:
    • Increased Sum Insured becoming 200% of the Initial Sum Insured or
    • Any claim event
  • Platinum Option: In addition to the benefit offered under Gold Benefit, this option offers monthly income of 1% of applicable Sum Insured for 5 years, on diagnosis of listed Major Cancer.
  • Offers Premium discounts for Sum Insured above Rs 10 Lakhs
  • HDFC Life Health Assure Plan

A comprehensive, pure protection health insurance policy & family floater health plan that reimburses medical expenses incurred in a hospital.
Features
HDFC Life Health Assure Plan is a comprehensive, pure protection health insurance policy & family floater health plan that reimburses medical expenses incurred in a hospital.

  • Flexibility to choose from 2 plan types:
    • Individual
    • Family floater for your spouse, children, both parents and parents-in-laws
  • Flexibility to choose from 2 plan options with varying sum assured limits and benefits:
    • Gold plan
    • Silver plan
  • Flexibility to opt for 2 more optional* benefits:
    • Room Rent Enhancement: This option eliminates the sub-limit on room rent and provide more flexibility to choose room
    • Restore Benefit Option: Under this option the Sum Insured is restored to the original level if basic Sum Insured & multiplier benefit is exhausted due to claims made.
  • Premium Guarantee for 3 years even if you make a claim
  • Automatically doubles your cover after 2 claim free years
  • Guaranteed Lifetime Renewability
  • Cashless Claim Service at specified Network Hospitals across India
  • Hassle free Claim Reimbursement Process

Advantages

  • Premium guarantee for 3 years - premium remains same even if you make a claim
  • Multiplier Benefit - Your cover doubles after 2 claim free years at no extra premium
  • Guaranteed Lifetime Renewability- If you pay premiums in time and the policy continues without any break in cover, then the plan offers guaranteed renewability for life time. Please see the product brochure for details
  • Following benefits are included depending on the gold/silver plan option selected:
    • Inpatient Hospitalisation Benefit
    • Day Care Benefit
    • Pre and Post Hospitalisation Benefit
    • Emergency Ambulance Benefit
    • Donor Expense Benefit
    • Maternity Benefit
    • Hospital Cash Benefit
  • Cashless Claim Service at more than 4,500 network hospitals across India
  • Flexibility to customize your plan with 2 more optional* benefits:
    • Room Rent Enhancement: This option eliminates the sub-limit on room rent and provide more flexibility to choose room
    • Restore Benefit Option: Under this option the Sum Insured is restored to the original level if basic Sum Insured & multiplier benefit is exhausted due to claims made.
  • Wellness Benefit for Gold Plan option - get health check-up vouchers in 2ndpolicy year of every 3 year term
  • Tax benefits subject to provisions contained under section 80D of the Income Tax Act 1961

* These options are optional benefits and can be added to the policy by paying extra premiums. Moreover the options are subject to terms & conditions, please refer product brochure for details

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