HDFC Life Smart Term Pro Plan
  • Enhanced Protection Through Riders
  • Return Of Premium
  • Surrender And Maturity Benefit
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HDFC Life Smart Term Pro

HDFC Life Smart Term Pro is a versatile term assurance plan designed to provide comprehensive life insurance coverage and financial security. This is a non-linked and no-participating plan that offers multiple key features, including flexible premium payment options for 5,8,10,12 years. In case of the unfortunate demise of the insured, the beneficiary receives a death benefit based on the chosen payout option. Moreover, on policy maturity, the plan guarantees the return of the total premium paid. With enhanced protection available through the rider, HDFC Life Smart Term Pro ensures that your loved ones are financially secure.

Key Features Of HDFC Life Smart Term Pro

The plan offers a plethora of benefits and unique features:

  • Return of Total Premium On Maturity

     If you survive the policy term, you are guaranteed to receive the 100% total premium paid during the policy terms a maturity benefit.

  • Life Cover

     The plan offers a life cover of 80 years to ensure the long-term financial security of your loved ones in the event of your sudden demise.

  • Flexible-Premium Payout Options

     You can choose to pay a premium for 5,8,10 or 12 years, providing flexibility to match your financial preferences.

  • Family Income Payout Options

     In case of your demise, your nominee can receive the death benefit in three ways: as a lump sum, as a lump sum with a family income payout, or as a family income payout.

  • Enhanced Protection for Riders

     HDFC Smart Pro Plan offers additional protection through riders such as Accidental Death, Disabled and Dismemberment Rider, and Critical Illness Rider (Covers almost 25 illnesses).

Eligibility Criteria And Policy Feature Table

Premium Paying Term

Entry Age

PolicyTerm

Min Sum Assured

Max Sum Assured

Max Maturity Age
5 Pay 18-60 15-40 50 Lakh As Per Underwriting 80 Yrs
8 Pay 18-60 15-40 15 Lakh As Per Underwriting 80 Yrs
10 Pay 18-60 15-40 15 Lakh As Per Underwriting 80 Yrs
12 Pay 18-60 15-40 15 Lakh As Per Underwriting 80 Yrs

Read more specifications in the brochure.

Plan Benefits of HDFC Life Smart Term Pro

HDFC Life Smart Term Pro comes with an array of benefits such as:

  • Death Benefit

     If the life insured passes away during the policy terms, the plan pays the sum assured on Death, which is more than 7 times the annualized premium, the basic sum assured, or 105% of the total premium paid.

  • Death Benefits Payout Option

     There are three payout options mentioned below:
    • Option A: Lumpsum Payout - The entire death benefit is paid as a one-time, upfront lump sum to the nominee.
    • Option B: Lumpsum with Family Income Payout - The nominee receives 50% of the death benefit as a lump sum immediately, followed by 0.95% of the death benefit every month for 60 consecutive months.
    • Option C: Family Income Payout- The nominee receives 1.07% of the death benefit every month for 120 consecutive months. Maturity Benefit
    If you survive till the end of the policy term, you receive a guaranteed Sum Assured on Maturity, which is 100% of the total premium paid.

  • Surrender Benefit

     If you terminate the policy before its maturity date, the policy will provide a surrender benefit. After at least two years of premium payment, a Guaranteed Surrender Value(GSV) is provided. Additionally, a Special Surrender Value (SSV) may be offered by the company. Surrendering the policy will terminate all the associated benefits.

  • Grace Period

     If you are unable to pay the premium on time, the company offers a grace period of 15 days.

  • Free Look Period

     If you are not satisfied with the plan, you can return the plan within 15 days of buying the plan.

  • Revival Period

     If the policy lapses the company offers a time period of 5 years, in which you can review the policy by paying the due premium.

Exclusions of HDFC Smart Term Pro

It is advised to read all the policy documents carefully to avoid any further discrepancy during claim process:

  • 12 months waiting period for suicide.
  • No policy loan is allowed.
  • War or terrorism injury is not covered.
  • Alcohol or drug related deaths are not Covered.
  • Pre-existing conditions are not covered under this policy.

To Sum It Up

HDFC Life Smart Term Pro offers a secure a flexible life insurance solution with the assurance of total premium returned on matuity. The plan offers a variety of premium payment options and death benefit payout choices, this plan can be customised in order to meet your financial needs by adding riders. The policyholder can get a life coverage of 80 years. So, it is a wise option to buy the term plan which is affordable, comprehensive and saving oriented.

HDFC Top Term Insurance Plans

To secure your family's needs, HDFC Life Term Insurance offers seven-term insurance plans, from which you can choose well-suited plan for yourself:

HDFC Life Click 2 Protect Life

A plan offering spouse benefits, premium waivers, premium refunds, and death benefits. It is a flexible protection plan that adapts to your changing needs.

Unique Features

  • Return of Premium
  • Offers coverage for whole life
  • Regular monthly income

HDFC Life Click 2 Protect Life (Pros)

  • Auto Balances Death Cover
  • Auto Balances Critical Illness cover
  • Reduce Premium Payment Term

HDFC Life Click 2 Protect Life (Cons)

  • No Suicide Cover
  • No War Injury Cover
  • No Adventure Sports Cover

HDFC Life Click 2 Protect Life (Other Benefits)

  • Life & CI Rebalance
  • Maturity Benefit
  • Waiver Of Premium

HDFC Life Click 2 Protect Life (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - SP/RP/LP

HDFC Life Saral Jeevan Bima

HDFC Life Saral Jeevan Bima, a term insurance plan providing flexible premium payment terms and additional rider options to customize your plan.

Unique Features

  • Lump Sum Variant
  • Income Variant
  • Guaranteed Surrender Value

HDFC Life Saral Jeevan Bima (Pros)

  • Discount on Higher Premiums
  • Policy Loan Available
  • No Interest on ROP Minors

HDFC Life Saral Jeevan Bima (Cons)

  • No Alterations Allowed
  • No Death Benefit on Income Payout
  • Advance premiums for monthly payment mode

HDFC Life Saral Jeevan Bima (Other Benefits)

  • 3 Rider Options Available
  • Premium Payment Flexibility
  • Tax Benefits on Premiums and Maturity

HDFC Life Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 30 Days
  • Max Entry Age - 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP

HDFC Life Click 2 Protect Super

A term plan that offers all-around protection to the policyholder as it protects against 36 critical illnesses, accidental death benefits, etc.

Unique Features

  • Life Stage Option
  • Multiple Coverage Options
  • Increasing Death Benefit

HDFC Life Click 2 Protect Super (Pros)

  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

HDFC Life Click 2 Protect Super (Cons)

  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

HDFC Life Click 2 Protect Super (Other Benefits)

  • Death Benefit in Instalments
  • RP, WOP & 3 Riders
  • Additional Cover for Spouse

HDFC Life Click 2 Protect Super (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - INR 5,000
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

HDFC Life Term With Return Of Premium

This plan guarantees a return of total premiums paid upon policy survival and comes with a high sum assured.

Unique Features

  • High Sum Assured discount
  • Premium Discount for Females
  • No Medical Tests

HDFC Life Term With Return Of Premium (Pros)

  • Premium Payment Options
  • Absolute Amount Assured Paid
  • Tax Benefits on Premiums and Maturity Benefit

HDFC Life Term With Return Of Premium (Cons)

  • No Discount on Limited Pay
  • No Riders Available
  • No Policy Loan

HDFC Life Term With Return Of Premium (Other Benefits)

  • Guaranteed Surrender Value
  • Guaranteed Maturity Benefits
  • No Waiting Period on Accidental Death

HDFC Life Term With Return Of Premium (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 10 L
  • Maximum Maturity Age - 65 years
  • Premium Payment Term - LP/RP

HDFC Life Smart Term Edge

This policy offers up to 150% return of premiums, comes in 3 variants and with critical illness and accident riders.

Unique Features

  • Life Cover till 75 yrs
  • Guaranteed Surrender Value
  • Return of Percentage of Premiums

HDFC Life Smart Term Edge (Pros)

  • 3 Premium Payment Modes
  • Option to Increase Death Benefit
  • 3 Premium Payment Modes

HDFC Life Smart Term Edge (Cons)

  • No Suicide Cover
  • No Policy Loans
  • No Pre-existing Conditions

HDFC Life Smart Term Edge (Other Benefits)

  • 3 Plan Options
  • 100% Death Cover
  • Tax Benefits on Premiums/Maturity/Riders

HDFC Life Smart Term Edge (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 5 Lakhs
  • Maximum Maturity Age- 75 years
  • Premium Payment Term - 12 to 30 Years

Quick Protect By HDFC Life

A comprehensive term insurance plan that offers protection against Death, Disease & Disability. 3 different plan options to choose from – 75 lacs, 1cr, 1.25cr.

Unique Features

  • Coverage for 19 Critical Illnesses.
  • 2x coverage for accidental death.
  • Quick Issuance with no medical.

Quick Protect By HDFC Life (Pros)

  • Monthly Income For 10 Years
  • Critical Illness Plus Rider
  • Income Benefit Rider

Quick Protect By HDFC Life (Cons)

  • No HIV Cover
  • No Policy Loans
  • No Pre-existing Conditions

Quick Protect By HDFC Life (Other Benefits)

  • Accidental Death Benefit
  • Maturity Benefit
  • Waiver Of Premium

Quick Protect By HDFC Life (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - 5 to 40 Years

HDFC Life Smart Term Pro: FAQ's

1. What is min and max sum assured of HDFC Smart Term Pro?

The maximum sum assured of the policy is between 15 to 50 Lakh, depending on the policy variant.

2. Can I customize the plan with riders?

Yes, you can customize the plan using riders. The names of the riders are as follows:

  • Accidental Death, Disability and Dismemberment Rider
  • Critical Illness Rider

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What Our Customers Have to Say

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Biswajit Barman

Kolkata

April 20, 2024

Review: HDFC Life Insurance Term Policy HDFC Life Insurance Term Policy stands out as a beacon of financial security and peace of mind in the ever-changing landscape of life insurance offering...

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Shreya Chaudhary

Allahabad

April 8, 2024

I am very grateful to the insurance experts of PolicyX and Mr. Ankur, who kindly helped me settle the claim of Aegon Life Insurance. Thanks again, I& 039;ll always remember this favor.

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Prerna Negi

Chennai

April 8, 2024

I bought a Bajaj Allianz Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

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Preety Kamat

Bhopal

April 8, 2024

Got ICICI Pru iProtect Smart term insurance plan via PolicyX; so far, I& 039;ve hassle-free renewal service and have not faced any kind of nuisance.

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Sahani Kaur

Gandhinagar

April 8, 2024

The PNB MetLife Mera Term Plan Plus I& 039;ve bought it at a low premium, and it is fully satisfactory to me. The insurance expert of PolicyX is too polite, and their online buying facility red...

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Sneha Nath

Mumbai

March 28, 2024

I would like to inform you that my maturity claims have been settled by SBI Life Insurance on 04.15.2024 and thanks all of you for helping me throughout the claim process.

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Khushi Kaur

Chennai

March 28, 2024

I& 039;m writing this review to let you all know that I& 039;m very satisfied because I got my kotak mahindra life insurance policy today as a result of your team effort.

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kartik saxena

Goa

March 18, 2024

I had to add some riders to my Sbi life insurance, policy.com team helps to me to understand which rider is more important and which is not. Resulting helps me to save lots of money. Happy with...

Simran Kaur Vij

Written By: Simran Kaur Vij

Simran is an insurance expert with more than 3 years of experience in the industry. She may have all the answers to your insurance queries. With a background in Banking, she proactively helps her readers to stay on par with all the latest Insurance industry developments.

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