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HDFC Life Insurance company was founded in the year 2000 with a partnership between HDFC Limited & Standard Life Aberdeen PLC. HDFC Life offers a wide range of pension, savings, investment, and health insurance products.
HDFC Investment Plans are designed to help policyholders to build savings habits and get good amounts of returns when in need. They usually provide a fixed maturity benefit amount at the end of the policy term. Read more to find out about the various HDFC investment plans offered by HDFC Life.
HDFC Life Insurance Company offers various types of Investment Plans to its customers with multiple benefits to save and grow your money. Here is the detailed list of HDFC investment plans along with their respective features and benefits.
Plans | Why should you buy it? |
HDFC Life Sanchay Plus | Offers guaranteed returns to you and your family |
HDFC Life Sanchay Par Advantage | Offers guaranteed income for a guaranteed period and provides regular income in form of cash bonuses |
HDFC Life Sanchay | Guaranteed benefits and flexibility to choose your investment option |
HDFC Life Sampoorna Samridhi Plus | Offers lump sum payment at the end of the policy term |
HDFC Life Classic Assure Plus | Offers guaranteed reversionary bonus along with the flexibility to choose to pay term |
HDFC Life Super Income Plan | Guaranteed income for a period of 8 to 15 years |
HDFC Life Uday | Offers guaranteed additions and bonuses |
HDFC Life Pragati | Death benefit for 2 years since last unpaid premium's date |
In the section below, we will discuss all 8 plans in detail.
HDFC Life Sanchay Plus is a non-participating and non-linked savings plan made to financially protect you and your family. It helps you achieve personal milestones that come with added expenses and responsibilities.
Key Features:
Eligibility
Eligibility Criteria | Plan Options | Minimum | Maximum |
Entry Age (in years) | Guaranteed Income | 5 | 60 |
Guaranteed Maturity | 5 | ||
Life-Long Income | 50 | ||
Long Term Income | 5 | ||
Maturity Age (in years) | Guaranteed Income | 18 | 73 |
Guaranteed Maturity | 18 | 80 | |
Life-Long Income | 56 | 73 | |
Long Term Income | 18 | 73 | |
Premium Instalment (Minimum) | All Options Covered | Annual : Rs. 30,000 Half Yearly: Rs. 15,000 Quarterly: Rs. 7,500 Monthly: Rs. 2,500 |
|
Premium Instalment (Maximum) | All Options Covered | No limit | |
Riders | All Options Covered | HDFC Life Income benefit- Accidental Benefit Rider Critical Illness Plus Rider |
Sample Illustration
The table illustrates the benefits of healthy males of age 30 years, who pay Rs. 1 lakh with taxes p.a. throughout the premium paying term and policy term.
Plan Option | Sum Assured | Death Benefit at Inception | Policy Term | Premium Paying Term |
Guaranteed Maturity | 1,250,000 | 1,250,000 | 20 | 10 |
Guaranteed Income | 1,250,000 | 1,496,586 | 13 | 12 |
Long Term Income | 1,250,000 | 1,250,000 | 11 | 10 |
Life-Long Income | 1,050,000 | 1,050,000 | 11 | 10 |
If you want to avail a cover for a lifetime (up to 100 years of age) and generate a regular income, it is a participating life insurance plan that helps you to achieve your future goals.
Key Features:
Eligibility:
Parameters | Minimum | Maximum |
Entry Age | 30 days | Immediate Income: 65 years Deferred income: 55 years (for PPT 8 years) 60 years (for PPT 10, 12 years) |
Maturity Age | Maximum - 100 years | |
Term of premium payment | Immediate Income: 6, 8, 10, 12 years Deferred Income: 8, 10, 12 years |
|
Policy Term | Below 100 years - Entry Age 30-40 years - A fixed policy Term |
|
Sum Assured on Maturity (Minimum) | Rs 3,00,000 | |
Sum Assured on Maturity (Maximum) | No limit |
It is a non-participating insurance plan that provides complete freedom to select the most viable investment option. The plan offers guaranteed benefits as well.
Key Features:
Eligibility:
Entry Age (Minimum) | Limited Pay - 30 days Single pay - 5 years |
Entry Age (Maximum) | Limited Pay - 65 Years Single pay - 50 years |
Maturity Age (Minimum) | 18 years |
Maturity Age (Maximum) | 85 years |
Sum Assured (Minimum) | Rs 2,510 |
Sum Assured (Maximum) | No limit |
Policy Terms | Single Pay - 5 years (Minimum) and 20 years (Maximum) |
It is an endowment plan which provides protection to your loved ones.
Key Features:
Eligibility:
Eligibility Criteria | Minimum | Maximum |
Entry Age | 30 days | 60 years |
Maturity Age | 18 years | 75 years |
Policy Term | 15 | 40 |
Sum Assured | Rs 65,463 | No limit |
It is a participating insurance plan that offers flexible options to choose premium paying terms along with a guaranteed reversionary bonus.
Key Features:
Eligibility:
Policy Term (in years) | 10 | 15 | 20 |
Premium Paying Term (in years) | 7 | 7 or 10 | 10 |
Entry Age (Minimum) | 8 years | 3 years | 30 days |
Entry Age (Maximum) | 55 | 60 | 55 |
Maturity Age (Maximum) | 65 | 75 | 75 |
Minimum Sum Assured on Maturity (in Rs.) | 49,447 | 48,032 | 73,516 |
Maximum Sum Assured on Maturity (in Rs.) | No limit |
It is a participating plan that provides guaranteed income for a period of 8 years to 15 years. The plan is suitable for individuals who require a regular income at their disposal so that they don't have to stress about future expenses.
Key Features:
Eligibility:
Parameters | Minimum | Maximum |
Entry Age | 18 years minus Policy Term (for policy term less than 18 years) 30 days (for policy term greater than or equal to 18 years) |
59 (For policy term 15 & 16 years) 57 (For Policy Term of 18 Years) 55 (For Policy Term of 20 Years) 53 (For Policy Term of 22 Years) 51 (For Policy Term of 24 Years) 48 (For Policy Term of 27 Years) 34 (For Policy Term 15 to 27 Years Under Option 9) |
Maturity Age | 18 years | 75 years |
Sum Assured on Maturity (Minimum) | Limited Pay: Rs. 76,198 Single Pay: Rs. 18,457 |
|
Sum Assured on Maturity (Maximum) | No limit |
This plan is formulated to safeguard your savings along with providing a lump sum amount to your loved ones in case of your untimely demise.
Key Features:
Eligibility:
Policy Term | 12 years | 15 years |
Premium paying term | 8 years | 8 years or 10 years |
Entry age (Minimum) | 18 years | |
Entry age (Maximum) | 55 years | |
Minimum Maturity Age | 30 years | |
Maximum Maturity Age | 70 years | |
Minimum sum assured on maturity | Rs. 28,465 | |
Maximum sum assured on maturity | No limit |
This plan is based on two factors- protection and savings.
Key Features:
Eligibility:
Policy Term | 5-20 years | 10-20 years | 10 years |
Premium Paying Term | Single pay | LImited Pay: 5/10 years | Regular Pay: 10 years |
Entry Age (Minimum) | 8 years | ||
Entry Age (Maximum) | 55 years | ||
Maturity Age (Minimum) | 18 years | ||
Maturity Age (Maximum) | 65 years | ||
Sum Assured (Minimum) | Rs. 5,000 | ||
Sum Assured (Maximum) | Rs. 20,00,000 |
There are two ways through which you can invest in HDFC Investment Plans- via PolicyX.com and the official website of the company. Let's discuss the steps further.
Buying process of HDFC Life investment plan through PolicyX.com
Buying process of HDFC Life investment plan through HDFC Life official website
Filing a claim and receiving a sum assured can be a relatively simple and hassle-free process if a claimant follows all of the required steps. Read below how a claimant in India can file a claim in the following situations:
In case of the insured's death, the nominee of the deceased will be able to claim in the following way:
Buying process of HDFC Life investment plan through PolicyX.com
In Case The Policy Is Matured
If the insured survives the policy term, then he/she is eligible to avail of all the maturity benefits. Policyholders are liable to receive benefits mentioned under the investment plan with accrued bonuses applicable against each plan. Investors are advised to approach their respective life insurance companies to file a claim.
1. What is partial withdrawal?
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.
2. How can I pay the investment plan premiums?
You can pay your investment plan charges via different online payment modes- net banking, credit card, debit card, etc.
3. Which is better - A deferred or immediate annuity plan?
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.
4. How can I cancel the HDFC Life Investment Policy?
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.
5. Which is the HDFC best Investment Plan?
HDFC Life offers various good investment plans. You can simply visit the official website of HDFC Life or you can visit PolicyX.com to check the best HDFC investment plan.
6. How can I check the policy status for HDFC Investment Plans?
Simply go to HDFC Life's official e-portal and log in using your registered ID and password. You can check your policy status once you've successfully logged in.
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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.
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