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.
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.
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
| 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 |
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
| 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
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
| 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 |
It is a proud member of an endowment plan which is specially designed to take care of your loved ones.
Benefits
| 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 |
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
| 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 | |
It is an insurance + investment plan that offers several fund options which you can use to carefully enhance your investment.
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 |
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
| 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 | ||
This plan is based on two factors- protection & savings. Both are directed towards the well-being of your family’s future.
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 | ||
It is an investment + insurance plan that promises higher returns with the added benefit of life cover.
Benefits
| 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 |
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.
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.
Last updated on 21-12-2020
