Hdfc Life Guaranteed Income Plan vs Sbi Smart Bachat Life Insurance Plan 2026 | PolicyX
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HDFC Life Guaranteed Income Insurance Plan is a non-linked, non-participating life insurance saving 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
PLAN DETAILS

Hdfc Life Guaranteed Income Plan

Sbi Smart Bachat
Premium Including GST
Key Features
(Key features of the plan)
  • Limited premium payment term
  • Guaranteed sum assured
  • Terminal Bonus Benefit
  • Know All About SBI Life Smart Bachat
  • Explore the Key Features and Benefits
  • Understand the Exclusions
Plan Maturity age Maximum Maturity Age - 65 years Maximum Maturity Age: 65 years
Plan Sum Assured 8 to 10 years 7/10/15 years
Plan Entry Age Minimum Age - 18 years Maximum Age - 49 years Minimum Age: 3 years, Maximum Age: 50 years
Plan Payment modes Minimum - Depends on Monthly Premiums Maximum - No Limit Rs 2 lakh to No limit
Plan Policy loan Annual, Semi-Annual, Monthly, Single Annual, half-yearly, quarterly and monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy Term 16 to 20 years Minimum term: 15 years, Maximum term: 30 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year Minimum Age - 5 year

* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above life insurance plans using the PolicyX Life Insurance Calculator.

Riders

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 Plus will pay the sum assured as per the plan. 
  • Guaranteed death benefit (GDB): The guaranteed death benefit is the amount your nominee will receive upon your unfortunate demise. The payment of Guaranteed death benefits to GDB will be as follows:
  • Income tax benefit: All the premiums paid during the same financial year can be used as Tax rebates under section 80C of income tax in 1961. 

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Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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