HDFC Life Guaranteed Income Plan

Overview

HDFC Life Guaranteed Income Insurance Plan is a non-linked, non-participating life insurance savings plan. It offers a regular income payout for 16 to 20 years and ensures financial protection for your loved ones in case of your unfortunate demise.

HDFC Life Guaranteed Income Insurance Plan offers a range of benefits, including:

• Guaranteed income of 11% to 13% per annum
• Tax Benefits
• Guaranteed regular income
• Guaranteed lump sum on maturity
• Flexibility
• Rider protection

How to Buy HDFC Life Guaranteed Income Plan on PolicyX.com

Here's how to buy the HDFC Life Guaranteed Income Plan on PolicyX.com:

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

Benefits of HDFC Life Guaranteed Income Plan

There are various benefits to buying the HDFC Life Guaranteed Income Plan. Let's understand each of them in detail:

• Survival benefit or Regular Guaranteed Income (GI): The survival benefit, or regular guaranteed income (GI), is the income you will receive regularly, such as monthly or yearly, for the remaining policy term.
• Maturity benefit: Upon the completion of the policy term, HDFC Life Guaranteed Income Plan will pay the sum assured as per the plan.
• Guaranteed death benefit (GDB): This is the amount your nominee will receive upon your unfortunate demise.
• Income tax benefit: All premiums paid during the financial year can be used as tax rebates under Section 80C of the Income Tax Act, 1961.

Other Important Features

Free-look period

This plan offers a free-look period of 15 days to check if the policy aligns with your financial goals.

Surrender value

In case you wish to surrender your policy before the due date, you can do so and avail the surrender value with applicable bonuses.

Grace period

There are instances when you can miss your premium payments and your insurer may charge you a huge penalty. The grace period allows you to pay your missed premiums without any charges.

Additional Riders

You can improve your protection by adding a suitable rider to this plan. Below is the list of riders available in HDFC Life Guaranteed Income Plan

How to Buy HDFC Life Guaranteed Income Plan on HDFC Life Website

1. Visit the official website of HDFC Life Insurance.
2. Hover over 'Investment Plans' from the top menu.
3. Click on 'HDFC Life Guaranteed Income Insurance Plan'.
4. Click on 'Buy Now' to be redirected to a new page.
5. Enter your name and contact information. A representative will reach out to discuss quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

Offline Purchase Option

You can buy the HDFC Life Guaranteed Income Insurance Plan offline by visiting one of their nearest branch offices. A representative will help you buy the plan.

Documents Required to Buy HDFC Life Guaranteed Income Plan

Here is the list of documents required to buy the HDFC Life Guaranteed Income Plan:

• 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 salaried).

Conclusion

If you are looking for an investment plan that offers guaranteed returns for you and your family, you must opt for the HDFC Life Guaranteed Income Plan. This plan provides guaranteed benefits.

For more information regarding this plan, you can visit PolicyX.com, or call us at 1800-420-0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.