HDFC Assured Gain Plus

Overview

HDFC Life Assured Gain Plus is a non-linked, participating savings life insurance plan offering financial protection to your family after your demise and a savings component to help you plan your finances for the future.

This plan gives you exclusive features such as:

• Coverage for the full policy term while you pay for just five years.
• Guaranteed sum assured on maturity.
• Increasing sum assured through bonuses.
• Rider protection for enhanced coverage.

How to Buy HDFC Life Assured Gain Plus Online

1. Visit the official website of PolicyX.com.
2. Click on the ‘Investment’ tab.
3. A new page will appear on the screen.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

How to Calculate Premiums for HDFC Life Assured Gain Plus

The premium for HDFC Life Assured Gain Plus depends on several factors, including your age, desired sum assured, policy term, and premium payment frequency. You can calculate your premium by:

• Using the online premium calculator available on PolicyX.com or HDFC Life's official website.
• Contacting a financial advisor from PolicyX.com for a personalized quote.

Benefits of HDFC Life Assured Gain Plus

There are various benefits to buying the HDFC Life Assured Gain Plus. Let’s understand each of them in detail:

• Death Benefit: Upon the unfortunate death of the life insured during the policy term, HDFC Life Assured Gain Plus will pay the nominee:
  • Sum Assured on death.
  • Applicable Guaranteed Terminal Additions.
  • Vested Simple Reversionary Bonus, if declared.
  • Terminal Bonus, if declared.
• Maturity Benefit: Upon the completion of the policy term, survival benefits will be paid as follows: Sum Assured on Maturity + Applicable Guaranteed Terminal Additions + Vested Simple Reversionary Bonus, if declared + Terminal Bonus, if declared.
• Guaranteed Terminal Addition: Guaranteed Terminal Addition is the amount that adds up to your sum assured starting in the policy's 5th anniversary year.
• Reduced Paid-Up: The policy will be converted into a Reduced Paid-Up policy automatically if you stop paying premiums once your policy has acquired a surrender value. The payout benefit on death/maturity is estimated by dividing the premiums paid by the premiums payable under the policy.

Policy Portability for HDFC Life Assured Gain Plus

Investment plans like HDFC Life Assured Gain Plus typically do not offer portability features in the same way health insurance policies do. Portability usually refers to the option of transferring your policy to another insurer while retaining benefits like waiting period credits.

For life insurance and investment plans, policyholders generally cannot port their existing policy to a different company. If you wish to switch insurers, you would need to surrender your current policy and purchase a new one, subject to the terms and conditions of both policies.

Inclusions

• Death Benefit: Financial protection for your family in case of your unfortunate demise during the policy term.
• Maturity Benefit: A lump sum payout upon the completion of the policy term, including guaranteed additions and bonuses.
• Guaranteed Terminal Additions: Amounts added to your sum assured from the 5th policy anniversary onwards.
• Reduced Paid-Up Option: The policy continues with reduced benefits if premiums are stopped after acquiring a surrender value.

Exclusions

• Suicide within 12 months of the policy purchase is not covered.
• Consumption of any intoxicants.
• Death due to any aviation accident.
• Death due to any adventurous sports.

Documents Required to Buy HDFC Life Assured Gain Plus

Here is the list of documents required to buy the HDFC Life Assured Gain Plus:

• Photo ID Proof

  Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

• Age Proof

  Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

• Address Proof

  Any one of the following: Utility bill, passport, voter ID, ration card.

• Medical Records

  Medical records of the policyholder, if requested.

• Income Proof

  Any one of the following: Bank statement, last three months' salary slips (if you are salaried).

Plan at a Glance

In a Nutshell

If you still have any doubts or queries regarding the HDFC Life Assured Gain Plus or need a human touch, you can contact us using the following details. A certified financial advisor from policyx.com will get in touch with you soon.