HDFC Life Smart Term Edge

Overview

HDFC Life Smart Term Edge is a comprehensive protection plan offering multiple options and features at reasonable premiums. The plan provides complete protection up to the age of 75 years. It offers three plan options as per your protection needs: Classic, Step-Up, and Comprehensive. The policy provides a return of premium of 150% upon maturity, ensuring that you are making a smart investment for your future. The plan even offers enhanced coverage through additional riders.

Key Benefits of HDFC Life Smart Term Edge Plan

• Return of Premium
• Choice of Plan Options
• Multiple Premium Paying Terms
• Tax Benefits
• Affordable Premiums
• Additional Rider Benefits

Riders Associated with HDFC Life Smart Term Edge Plan

You can add the following riders to your HDFC Life Smart Term Edge Plan:

HDFC Life Critical Illness Rider

A lump sum amount is offered in case the policyholder is diagnosed with any of the 19 critical illnesses.

HDFC Life Accidental Death, Disability and Dismemberment Rider

Get an extra payout on top of the base cover in case of accidental death, dismemberment, and total and permanent disability.

Features of HDFC Life Smart Term Edge Plan

Enhanced Protection

HDFC Life Smart Term Edge is designed to offer enhanced protection through a combination of flexible policy options and additional riders.

Multiple Plan Options

The plan offers three distinct options to fulfill the different needs and preferences of the policyholder.

Return Of Premium

This feature ensures that a significant portion of the premiums is returned to you, as the plan offers a return of a premium of 150%. This makes the plan financially rewarding.

Lump Sum Death Benefit

Death benefit shall be paid as a lump sum on the unfortunate death of the life assured during the policy termination.

Exclusions

• Death occurred due to a pandemic is not covered by the company.
• Death caused due to any type of adventure sports.
• Death by consumption of any type of drugs and alcohol.
• Death due to any pre-existing disease that isn't mentioned during the start of the policy.
• If a policyholder commits suicide within the first 12 months of purchasing the policy, then no death benefits are paid to their nominee.

Surrender Value

You can surrender the policy and receive a surrender value that is higher than the Guaranteed Surrender Value or Special Surrender Value.

Reduced Paid-Up Benefit

In case of an unfortunate demise during the policy term, the Reduced Paid Up Benefit will ensure that your loved ones receive the payout.

Tax Benefit

HDFC Life Smart Term Edge Plan offers a tax rebate of up to 1.5 lakh, under section 80C of the Income Tax Act 1961, for the premium paid under the same financial year.

Free Look Period

You have a free look period in which you can revise the policy, and if you find yourself unsatisfied, return the policy within 30 days for a refund.

Revival Option

In case the policy lapses due to non-payment of the premiums, you have the option to revive the policy within a specified period of 5 years by paying the due premiums.