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).
| Factors | Eligibility |
| Plan options | Guaranteed Income | Guaranteed Maturity | Life Long Income | Long Term Income |
| Minimum entry age | 5 years | 5 years | 50 years | 5 years |
| Maximum entry age | 60 years |
| Minimum maturity age | 18 years | 18 years | 56 years | 18 years |
| Maximum maturity age | 73 years | 80 years | 71 years | 71 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.
| Factors | Eligibility |
| Minimum entry age | 30 days |
| Maximum entry age | Immediate Income - 65 years
Deferred Income:-
55 years (for PPT* 8 years)
60 years (for PPT* 10, 12 years) |
| Minimum maturity age | NA |
| Maximum maturity age | 100 years |
| Minimum sum assured | Rs.3,00,000 |
| Maximum sum assured | No 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).
| Factors | Eligibility |
| Minimum entry age | Limited pay- 30 days & Single pay- 5 years |
| Maximum entry age | Limited pay- 65 years & Single pay- 50 years |
| Minimum maturity age | 18 years |
| Maximum maturity age | 85 years |
| Minimum sum assured | Rs.2,766 |
| Maximum sum assured | No limit |
| Maximum sum assured | No 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.
| Factors | Eligibility |
| Minimum entry age | 30 days |
| Maximum entry age | 60 years |
| Minimum maturity age | 18 years |
| Maximum maturity age | 75 years |
| Minimum sum assured | Rs.65,463 |
| Maximum sum assured | No 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.
| Factors | Eligibility |
| Policy term | 10 years | 15 years |
| Premium paying term | 7 years | 7/10 years |
| Minimum entry age | 8 years | 3 years |
| Maximum entry age | 55 years | 60 years |
| Minimum maturity age | NA | NA |
| Maximum maturity age | 65 years | 75 years |
| Minimum sum assured | Rs.49,447 | Rs.48,032 |
| Maximum sum assured | No 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.
| Factors | Eligibility |
| Plan options | Classic Benefit (Life) | Classic Benefit (extra life) | Classic Plus Benefit | Classic Waiver Benefit |
| Minimum entry age | 30 days | 18 years | 30 days | 18 years |
| Maximum entry age | 5 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 age | 18 years | 28 years | 18 years | 28 years |
| Maximum maturity age | 5 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.
| Factors | Eligibility |
| Policy term | 12 years | 15 years |
| Premium paying term | 8 years | 8/10 years |
| Minimum entry age | 18 years |
| Maximum entry age | 55 years |
| Minimum maturity age | 30 years |
| Maximum maturity age | 70 years |
| Minimum sum assured | Rs.28,465 |
| Maximum sum assured | No 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.
| Factors | Eligibility |
| Policy term | 5-20 years | 10-20 years | 10 years |
| Premium paying term | Single pay | 5/10 years | 10 years |
| Minimum entry age | 8 years |
| Maximum entry age | 55 years |
| Minimum maturity age | 18 years |
| Maximum maturity age | 65 years |
| Minimum sum assured | Rs.5,000 |
| Maximum sum assured | Rs.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.
| Factors | Eligibility |
| Policy term | 10 years |
| Premium payment term | Single & limited- 5 years |
| Minimum entry age | 8 years |
| Maximum entry age | 60 years |
| Minimum maturity age | 18 years |
| Maximum maturity age | 70 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.
