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Overview
Invest today for a worry-free tomorrow with the HDFC Life Uday Savings Plan for a brighter future.
HDFC Life Uday, from HDFC Life Insurance, is a guaranteed savings plan that offers the dual benefit of wealth creation and family protection. Upon your unfortunate death, your family will receive a lump sum death benefit. If you outlive the policy term, you will receive a maturity benefit. You will also get 3% p.a. guaranteed additions during the first five policy years.
The insurer pays a cash bonus to the policyholder at the end of each financial year. If you do not wish to continue your policy, you can surrender it and receive a Guaranteed Surrender Value (GSV). The plan also offers Auto Cover Continuance, where your death benefit continues for the next year even if you miss a premium payment. HDFC offers a discount on a high sum assured of ₹2 lakhs and above.
HDFC Life Uday is a non-participating, non-linked savings life insurance plan.
Benefits of HDFC Life Uday Plan
HDFC Life Uday Plan offers a range of benefits including:
- Two policy term options
- Tax benefits
- Additional death benefits
- Cash bonuses
- Auto Cover Continuance
- Discounts
Key Features
How to Buy HDFC Life Uday Plan from PolicyX.com
- Visit the official website of PolicyX.com.
- Click on the ‘Investment’ tab.
- A new page will appear on the screen.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Policy Loan
The insured can avail of a loan facility under the HDFC Life Uday plan. This can be done after the insured has acquired the surrender value limit, and the insured can get a loan up to 80% of the surrender value.
Revival
The revival period for a lapsed/paid-up HDFC Life Uday policy is 5 years. In case of a lapsed policy, the insured needs to pay all pending premiums along with levied interest.
Grace Period
Under this benefit, the insured gets 15 days for monthly premium payments and 30 days for other frequencies to pay the premium without any penalty.
Alterations
The insured is permitted to change the premium payment frequency and income payout frequency. A plan chosen at the time of buying the policy cannot be changed.
How to Buy HDFC Life Uday Plan from HDFC Life Insurance
- Visit the official website of HDFC Life Insurance.
- Hover over 'Investment Plans' from the top menu.
- Click on 'HDFC Life Uday'.
- Click on ‘Buy Now’ and you will be redirected to a new page.
- Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Death due to consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy HDFC Life Uday
Here is the list of documents required to buy the HDFC Life Uday:
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Photo ID Proof
Passport, Aadhaar card, PAN card, Driving license.
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Age Proof
Passport, Aadhaar card, PAN card, Driving license.
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Address Proof
Utility bill, passport, voter ID, ration card.
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Medical Records
Medical records of the policyholder if requested.
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Income Proof
Bank statement, last three months' salary slips (if salaried).
Conclusion
HDFC Life Uday is a guaranteed savings plan offering the dual benefit of wealth creation and family protection. Choosing a life insurance plan can be stressful. Get expert advice from PolicyX insurance experts, free of charge, anytime.
For more information related to this plan, 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.
