Hdfc Life Uday Plan vs Lic Aadhaar Shila

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.

HDFC Life Uday Plan offers a range of benefits including:

LIC’s Aadhaar Shila Plan (Plan No: 944) is a non-linked, with-profits, regular premium-paying endowment plan. This plan offers a combination of savings and protection.

LIC’s Aadhaar Shila Plan is primarily for female policyholders who have an Aadhaar card issued by UIDAI (Unique Identification Authority of India). This is a Loyalty Addition-based plan and does not require any medical tests.

The plan provides financial assistance to the policyholder’s family in the event of their unfortunate demise even during the maturity period. If the policyholder survives the policy term, a fixed sum assured is paid upon maturity.

LIC Aadhaar Shila Plan offers a range of benefits, including:

• Death Benefits
• Maturity Benefits
• Loyalty Additions
• Auto Cover Continuance
• Policy Loan