HDFC Investment Plans
HDFC Investment Plans
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  • Guaranteed Maturity Benefits
  • Tax Benefits Under 80C
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HDFC Life Investment Plans

HDFC Life Insurance company is one of the renowned names in the market. It was founded in the year 2000 with a partnership between HDFC Limited & Standard Life Aberdeen PLC. The idea behind their partnership was to offer several investment products to its customers including protection, pension, savings, investments, health, etc. With this portfolio, HDFC wants to promote personal safety, wealth-improving needs and offer custom-designed financial solutions for everyone.

Types Of HDFC Life Investment Plans

People are different. Period. Their personality influences their needs/wants. So, it is obvious that a single product/service won’t satisfy a crowd full of people. But HDFC has nothing to worry about. Why so? They have an arsenal of plans ready to serve the different needs of the people. We will only list out their top 9 HDFC life investment plans which are loved by the people. Let’s see what’s so special about them.

1. HDFC Life Sanchay Plus

HDFC Life Sanchay Plus is a non-participating endowment plan (with limited premium). The main talking point of this plan is that it offers guaranteed benefits. Also, it allows you to choose your investment options without any restrictions.

Benefits

  • It offers guaranteed maturity benefits.
  • You can avail limited premium with a payment term of 5, 8 & 10 years.
  • It offers a policy term that has a range from 15-25 years.
  • Under Section 80(C) & Section 10(10D) of the Income Tax Act, you are liable to get tax deductions (only if all premiums are paid off).
FactorsEligibility
Plan optionsGuaranteed IncomeGuaranteed MaturityLife Long IncomeLong Term Income
Minimum entry age5 years5 years50 years5 years
Maximum entry age60 years
Minimum maturity age18 years18 years56 years18 years
Maximum maturity age73 years80 years71 years71 years

2. HDFC Life Sanchay Par Advantage

This plan is only tasked with one job- to take care of your finances so that you are able to create a solid future for your family.

Benefits

  • LIfe cover protection up to 100 years of age.
  • Flexibility choosing between deferred/immediate income options.
  • More benefits for policies having a premium of at least Rs.1 lakh.
FactorsEligibility
Minimum entry age30 days
Maximum entry ageImmediate Income - 65 years
Deferred Income:-
55 years (for PPT* 8 years)
60 years (for PPT* 10, 12 years)
Minimum maturity ageNA
Maximum maturity age100 years
Minimum sum assuredRs.3,00,000
Maximum sum assuredNo limit

*PPT: Premium Pay Term

3. HDFC Life Sanchay

This plan is the star of non-participating insurance plans. Here the companyz gives you complete freedom to select the investment option that you are most comfortable with. Also, it gives you the happy news of guaranteed benefits as well.

Benefits

  • You don’t have to go through the pain of going to a medical test. The policy is your by filling a medical questionnaire.
  • It allows you to pay premiums in installments (only applicable for HDFC credit card holders).
FactorsEligibility
Minimum entry ageLimited pay- 30 days & Single pay- 5 years
Maximum entry ageLimited pay- 65 years & Single pay- 50 years
Minimum maturity age18 years
Maximum maturity age85 years
Minimum sum assuredRs.2,766
Maximum sum assuredNo limit
Maximum sum assuredNo limit

4. HDFC Life Sampoorn Samridhi Plus

It is a proud member of an endowment plan which is specially designed to take care of your loved ones.

Benefits

  • It gives you complete freedom to select a policy plan between 15-40 years.
  • It offers up to 5% per annum of sum assured on maturity worth of additions for the first 5 years.
  • You can grab tax benefits under Section 80(C) & Section 10(10D) of Income Tax Act, 1961.
FactorsEligibility
Minimum entry age30 days
Maximum entry age60 years
Minimum maturity age18 years
Maximum maturity age75 years
Minimum sum assuredRs.65,463
Maximum sum assuredNo limit

5. HDFC Life ClassicAssure Plus

This plan is nicknamed ‘Money Plant’. Why so? Because it allows your money to grow. It is perfect for those people who are focused on planning & meeting their future financial goals.

Benefits

  • It allows you to take a loan if you meet certain conditions.
  • You can choose to pay premiums via monthly/quarterly/half-yearly/annual modes.
  • If your policy has a sum assured of 10 lakhs & above, you will get a discount on its basic premium.
FactorsEligibility
Policy term10 years15 years
Premium paying term7 years7/10 years
Minimum entry age8 years3 years
Maximum entry age55 years60 years
Minimum maturity ageNANA
Maximum maturity age65 years75 years
Minimum sum assuredRs.49,447Rs.48,032
Maximum sum assuredNo limit

6. HDFC Life Sampoorn Nivesh

It is an insurance + investment plan that offers several fund options which you can use to carefully enhance your investment.

Benefits

  • You can have access to 10 fund options & select the best according to your needs.
  • Investment plan ranges between 10-25 years. You can customize your range accordingly.
  • Thanks to the Income Tax Act, 1961, you can enjoy tax benefits.
FactorsEligibility
Plan optionsClassic Benefit (Life)Classic Benefit (extra life)Classic Plus BenefitClassic Waiver Benefit
Minimum entry age30 days18 years30 days18 years
Maximum entry age5 pay- 54 years
Other than 5 pay- 60 years
5 pay- 53 years
Other than 5 pay- 58 years
5 pay- 48 years
Other than 5 pay- 50 years
5 pay- 47 years
Other than 5 pay- 50 years
Minimum maturity age18 years28 years18 years28 years
Maximum maturity age5 pay- 64 years
Other than 5 pay- 70 years
5 pay- 63 years
Other than 5 pay- 68 years
5 pay- 58 years
Other than 5 pay- 60 years
5 pay- 57 years
Other than 5 pay- 60 years

7. HDFC Life Uday

This plan is formulated to safeguard your savings along with providing a lump sum amount to your loved ones incase of your untimely demise.

Benefits

  • You can take the help of accidental death benefit. If the policyholder dies in an accident, an additional sum=sum assured is payable.
  • The issuance process is easy and convenient.
FactorsEligibility
Policy term12 years15 years
Premium paying term8 years8/10 years
Minimum entry age18 years
Maximum entry age55 years
Minimum maturity age30 years
Maximum maturity age70 years
Minimum sum assuredRs.28,465
Maximum sum assuredNo limit

8. HDFC Life Pragati

This plan is based on two factors- protection & savings. Both are directed towards the well-being of your family’s future.

Benefits

  • Death benefit for 2 years since last unpaid premium’s date.
  • Quick issuance of the policy.
  • Bonuses & tax benefits.
FactorsEligibility
Policy term5-20 years10-20 years10 years
Premium paying termSingle pay5/10 years10 years
Minimum entry age8 years
Maximum entry age55 years
Minimum maturity age18 years
Maximum maturity age65 years
Minimum sum assuredRs.5,000
Maximum sum assuredRs.20,00,000

9. HDFC Life Capital Shield

It is an investment + insurance plan that promises higher returns with the added benefit of life cover.

Benefits

  • Market risks can’t touch your investment. It is well-protected by assured maturity benefit of 101% of total premiums paid.
  • You can grab loyalty additions that are only active from the end of 6th policy year.
FactorsEligibility
Policy term10 years
Premium payment termSingle & limited- 5 years
Minimum entry age8 years
Maximum entry age60 years
Minimum maturity age18 years
Maximum maturity age70 years

Which HDFC Life Investment Plan is Perfect For You?

When a company comes into existence, it starts to serve its customers. If they are happy with its product/service, the company becomes popular & in the eyes of its customers, the company is perfect to satisfy their needs. The same concept applies to HDFC life investment plans. They are here to help the people.

Before you decide to hop on the train to choose a plan, just go through the details of every policy and try to match it with your demands. If you come across a plan that can meet your demands, it will be perfect for you. FYI, keep certain factors (tax position, timeframes, financial status & risk appetite) in mind while you go hunting for a plan. It may help you make a wise decision. So, be a part of HDFC life investment & give wings to your future.

HDFC Life Investment Plans: FAQs

Maximum unit-linked plans offer you the choice of making lump sum withdrawals throughout the plan without any trouble. This is called a partial withdrawal.

You can pay your investment plan charges via different online payment modes- net banking, credit card, debit card, etc.

A deferred annuity plan should be taken as early as possible but the timing of the immediate annuity plan depends on when you are about to retire.

As per the rules, you can only cancel the policy after completing 5 years. Once that is done, you can send a cancellation process to the HDFC branch office. The process will start within 72 hours.

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Last updated on 21-01-2020