Hdfc Life Uday Plan vs Lic Bima Shree Life Insurance Plan 2026 | PolicyX
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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:

  • 2 Policy Term Options
  • Tax Benefits
  • Additional Death Benefits
  • Cash bonuses
  • Auto Cover Continuance
  • Discounts
PLAN DETAILS

Hdfc Life Uday Plan

Lic Bima Shree
Premium Including GST
Key Features
(Key features of the plan)
  • Discount on Sum Assured
  • Guaranteed Additions
  • 2 Rider Benefits
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Maturity age Maximum maturity age: 70 years Maximum Maturity Age - 55 years
Plan Sum Assured Minimum: 8 years Maximum: 10 years 10 to 16 years
Plan Entry Age Minimum Age: 18 years Maximum Age: 55 years Minimum Age - 8 years Maximum Age - 45 years
Plan Payment modes Minimum: Rs. 28,465 Maximum: No limit Rs 10 lakhs to No limit
Plan Policy loan Monthly, Quarterly, Half-Yearly, or Annually Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy Term 12 to 15 years Minimum term - 14 years Maximum term - 20 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year 98.5%

* 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 LIC Bima Shree

There are various benefits to buying the LIC Bima Shree Plan. Let's understand each of them in detail:

  • Death benefits: On the death of the insured, the nominee will receive the death benefits. If death occurs before the date of commencement of risk, an amount equal to the unit fund value will be paid. If death occurs after the date of commencement of risk, an amount higher than the basic sum assured or unit fund value is payable.
  • Maturity Benefit: If the insured survives until the maturity date, they will receive an amount equal to the unit fund value as maturity benefit.
  • Survival Benefits: The plan pays out maturity benefits in the form of multiple guaranteed 'survival benefits' throughout the policy tenure. Under this plan, the policyholder is also eligible for a regular liquidity facility.
  • Waiver of Benefits: On the death of the life insured, all future premium payments for the base policy shall be waived off until the expiry of the rider term.

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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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