HDFC Investment Plans
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  • Types of investment plans
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HDFC Investment Plans

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.

Types of HDFC Life Investment Plans

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.

  1. HDFC Life Sanchay Plus

    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:

    • Guaranteed Maturity benefit ensures you get a lump sum amount upon plan maturity.
    • Offers you flexibility in the form of a lump sum or regular income.
    • The life-long Income option offers you guaranteed income till the age of 99 years.
    • Get the tax benefits on premiums paid as per Income Tax Act, 1961.

    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
  2. HDFC Life Sanchay Par Advantage

    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:

    • Provides protection of live cover up to the age of 100 years.
    • Choose between Immediate income options or Deferred income options as per your requirements.
    • Immediate Income Option gives regular income in the form of cash bonuses, if declared, from the first policy year until the death or end of the policy. It also provides a lump sum at the time of maturity.
    • Deferred Income Option provides guaranteed income for a specific period of time along with regular income in the form of cash bonuses, if declared, throughout the term of your policy. It also provides a lump sum at the time of maturity. The death benefit, along with the rest, will include Guaranteed Income if it was not paid earlier.
    • Offers you the flexibility to choose the payout date for survival benefits.
    • Get the tax benefits on premiums paid as per Income Tax Act, 1961.

    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
  3. HDFC Life Sanchay

    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:

    • Offers guaranteed benefit on maturity (provided all due premiums have been paid).
    • Guaranteed benefits vary by the policy term (140% to 460% of the Sum Assured on maturity).
    • It allows you to pay premiums in installments (only applicable for HDFC credit cardholders).
    • Flexibility to choose policy terms:
    • 5 to 20 years for single pay
    • 10, 12, 15, and 40 years for Limited pay
    • Availability of Short Medical Questionnaire (SMQ) based underwriting.

    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)
  4. HDFC Life Sampoorna Samridhi Plus

    It is an endowment plan which provides protection to your loved ones.

    Key Features:

    • It allows you to select a policy plan from 15 to 40 years.
    • Provides the additional benefit in case of death due to an accident.
    • It offers up to 5% per annum of sum assured on maturity worth of additions for the first 5 years.
    • Tax benefits under Section 80(C) & Section 10(10D) of Income Tax Act, 1961.

    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
  5. HDFC Life ClassicAssure Plus

    It is a participating insurance plan that offers flexible options to choose premium paying terms along with a guaranteed reversionary bonus.

    Key Features:

    • Limited Premium Paying terms of 7 or 10 years
    • It allows you to take a loan if you meet certain conditions.
    • Offers insurance coverage throughout the policy tenure
    • You can choose to pay premiums via monthly/quarterly/half-yearly/annual modes.
    • If your policy has a sum assured of 10 lakhs and above, you will get a discount on its basic premium.
    • Availability of Short Medical Questionnaire (SMQ) based underwriting.

    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
  6. HDFC Life Super Income Plan

    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:

    • Offers insurance coverage throughout the policy term
    • Availability of a Short Medical Questionnaire (SMQ)
    • At maturity, boost your regular income with terminal and reversionary bonuses
    • Offers a wide range of premium payment and policy term options to meet your savings and income goals
    • Get the survival benefits varying from 3.84% to 12.5% of the sum assured
    • Regular income for a period of 8 to 15 years after the payment of premium
    • Guaranteed Income every year for a period of 8, 10, 12, or 15 years under limited pay options
    • Guaranteed Income from the 2nd policy year onwards till the end of the policy term (under single pay option)

    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
  7. HDFC Life Uday

    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:

    • Multiple term options
    • Guaranteed benefits of 3% p.a. during the first 5 policy years
    • Offers accidental death benefit, If the policyholder dies in an accident
    • Easy and convenient issuance process

    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
  8. HDFC Life Pragati

    This plan is based on two factors- protection and savings.

    Key Features:

    • Death benefit for 2 years since the last unpaid premium's date
    • Quick issuance of the policy
    • Bonuses and tax benefits
    • Guaranteed premium returns on maturity

    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

Buying Process Of HDFC Investment Plans

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

  • Scroll up to 'Free Quotes From Top Companies' given at the top right corner of this page. Submit basic details such as DOB, annual income, gender, etc. Tap on 'Continue'.
  • Provide your phone number, name and city. Tap on 'proceed'. Check the available quotes from the top insurance companies in India.
  • Choose the desired plan and tap on 'Invest' at the right corner of the chosen plan. Click on 'Proceed to Buy'. Enter your 'E-mail ID' and 'Submit Details'.
  • It will take you to the companies official website. Make the payment using available payment options.
  • You will receive a confirmation along with the policy documents at your registered email address.

Buying process of HDFC Life investment plan through HDFC Life official website

  • Visit the official website of HDFC Life Insurance Company. Click on the 'Investment Plan'. Scroll down to the plan section.
  • Select the plan that you want to buy and click on 'Buy Online'. Confirm the details and click on the 'Calculate Button'
  • Analyze the plan and confirm the details. Click on the 'Buy Now Button' and 'Fill the details and Click Pay Now'.
  • Complete the application form with your personal and professional life and your health details.
  • Review your details and make the payment. The company will share the policy documents at your registered Email address.
Buying process of HDFC Life investment plan through PolicyX.com
Buying process of HDFC Life investment plan through HDFC Life official website

Claim process of HDFC Investment Plans

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

  • Intimate the insurer about the death of the policyholder as soon as possible with all the important details such as time, place, and cause of death.
  • Submit the required documents and proof to the insurance company. This will consist of the insured's death certificate along with the claim form provided by the insurance company.
  • If the policy was assigned, the assignee will have to provide the documents. If someone else (apart from the nominee or assignee) is filing a claim, (s)he has to submit the legal proof of his/her relation with the insured.
  • If required, post-mortem, hospital, and attending doctor's reports have to be submitted.
  • In cases involving police inquiries, an investigation report will have to be submitted.
  • Once the investigation is over, the insurance company will approve/disapprove the claim. The details of the same will be shared with the claimant.

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.

HDFC Investment Plan: FAQs

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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What Our Customers Have to Say

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Prerna Kumari

Mumbai

July 11, 2022

Good company. Presents nice term insurance plans and flexible plans also. My husband has brought one for the family.

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Priya Sangwan

Mumbai

July 11, 2022

IndiaFirst Term Insurance company ensures that your family s needs are looked after. One of the best companies offers a term plan per your needs.

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Priyanshi Deewan

Hyderabad

July 6, 2022

I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...

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Rishabh Kumar

Delhi

July 6, 2022

I bought a term plan with Canara HSBC for the protection of my family and have been satisfied with the benefits received. It is simple and easy to buy their plans.

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Samarth Gaur

Chennai

July 6, 2022

I am very happy with the term plans offered by the Canara HSBC Life Insurance company. The plans offer comprehensive coverage and I am sure will support my family after my demise.

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Vipul Bhardwaj

Coimbatore

June 9, 2022

Bharti AXA is a good life insurance company, and I am sure if something ha[opens to me, the company will look after my family s needs.

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Karan Veer

Mumbai

June 6, 2022

Kotak Mahindra company has fast customer service and sells good life insurance policies. I suggest all my friends and family also buy a life cover policy from Kotak Mahindra company.

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Urvashi R

Delhi

May 31, 2022

Hey everyone, just wanted to say that Kotak Mahindra Life Insurance is one of the best life insurance companies. You can even you should go for this company if you want to secure your family s ...

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.

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