Hdfc Ulip Plans vs Canara Hsbc Life

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Hdfc Ulip Plans vs Canara Hsbc Life

COMPANY DETAILS Edit HDFC ULIP Plans

Hdfc Ulip Plans

Edit Canara HSBC Life Insurance

Canara Hsbc Life

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit

Annual Premiums Collected (2024-25)

027.46 crore
Payout Options

Payout Options

-

Payout Options

Lump sum, regular frequencies, or a combination of both.
Claim ratio

Claim ratio

Minimum Age- 14 year%

Claim ratio

99.43%%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

2.06
Branches

Branches

Annual, half-yearly,

Branches

100+
Riders Available

Riders Available

10 to 30 years

Riders Available

Accidental Death Benefit, Child Care/Child Support benefits, Accidental Total & Permanent Disability (ATPD), Accidental Total & Permanent Disability Premium Protection Plus, Terminal Illness Cover, and Block Your Premium.
Policy Term

Policy Term

10 to 30 years

Policy Term

5 to 40 years

Overview

HDFC ULIP Plans: Overview

HDFC ULIP plans, offered by HDFC Life, combine investment and protection. An HDFC ULIP plan provides the benefits of a life insurance cover and market-linked investments, which are subject to risks associated with capital markets. HDFC Life ULIP plans offer the flexibility to invest in debt or equity funds, depending on the life assured's risk appetite and financial objectives.

HDFC Life ULIP plans also offer tax benefits on premium payments, helping you achieve future goals such as securing your child's future, creating wealth, and planning for retirement. HDFC Life ULIP offers numerous plans to choose from, aligning with the financial needs of Indian citizens.

HDFC ULIP Plans ensure your investment needs are met by offering:

  • Higher returns
  • Death benefits
  • Maturity benefits
  • Partial withdrawal benefits

Riders

Riders Available with Canara HSBC Life Insurance Plans

Name of the Riders Benefits
Accidental Death Benefit Get an extra payout on top of the base cover upon death due to an accident.
Accidental Total & Permanent Disability Premium Protection If the policyholder suffers accidental total and permanent disability, future premiums will be waived, and the policy will continue until maturity.
Accidental Total & Permanent Disability Premium Protection Plus Receive an extra lump sum payout in case of accidental total and permanent disability, and future premiums will be waived.
Critical Illness Premium Protection If diagnosed with any of the 40 pre-specified critical illnesses, future premiums will be waived, and the policy will continue until maturity.
Critical Illness Premium Protection Plus Receive additional coverage if diagnosed with any of the 40 covered critical illnesses, and future premiums will be waived, with the policy continuing until maturity.
Terminal Illness Benefit If diagnosed with any covered terminal illness, a lump sum benefit of up to ₹2 Crores is payable while the policyholder is alive.

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HDFC ULIP Plans

HDFC ULIP plan provides the benefits of an insurance life cover and market-linked investments which are subject to risk associated with capital markets.

HDFC Ulip Plans Plans

HDFC Ulip Plans

HDFC Life ProGrowth Plus is a unit-linked insurance and regular premium plan where the premium is invested in the market, providing good returns along...

Unique Features

  • Flexibility to Invest in Funds
  • Regular Premiums
  • Sample Premium Rates

HDFC ProGrowth Plus (Pros)

HDFC ProGrowth Plus
  • Partial withdrawals
  • Redirection of Premium
  • Switching

HDFC ProGrowth Plus (Cons)

HDFC ProGrowth Plus
  • No coverage for pre-existing conditions
  • Suicidal exclusion
  • No auto-cover continuance

HDFC ProGrowth Plus (Other Benefits)

HDFC ProGrowth Plus
  • Flexibility to Invest in Funds
  • Regular Premiums
  • Sample Premium Rates

HDFC ProGrowth Plus (Eligibility Criteria)

HDFC ProGrowth Plus
  • Minimum entry age: 14 years
  • Maximum entry age: 65 years
  • Minimum sum assured: Rs 1
  • 00
  • 000
  • Maximum sum assured: Higher of 10 x annualized premium
  • Maximum policy term: 30 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.