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HDFC Term Insurance
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HDFC Term Insurance
HDFC Term With Return Of Premium
HDFC Life Term with Return of Premium Plan provides life cover at affo ...Read More
🛡️ IRDAI Approved
⭐ 4.6/5 · 935 reviews
📊 1.94 solvency ratio
✅ 99.68%% claim settlement ratio
🌐 450++ pan-India
About HDFC Term With Return Of Premium
A quick read on what this HDFC Term Insurance term plan covers and why it might be a fit for you.
HDFC Term with Return of Premium Plan offers comprehensive protection, which helps the insured secure their family with Zero-Cost Term insurance by the return of base premium. This non-linked and non-participating saving life insurance plan ensures financial security for your family. The plan includes many features, such as the ability to get insurance coverage without medical tests, a return of the total premium paid upon policy completion, and flexible premium payment options. A person aged between 18 to 50 years can buy the plan and avail of the benefit of sum-assured options from 5 lakh to 25 lakh.
HDFC term insurance plan with return of premium offers you a range of benefits, including:
- Life Cover Without Medical Tests
- Premium Discount for Female
- Multiple Premium Paying Term
- Tax Benefits as per laws
- Affordable Premiums
- Return of Premium Benefit
Eligibility Criteria for HDFC Term With Return Of Premium
Entry age
Minimum Age - 18 years Maximum Age - 50 years
Maturity age
Maximum Maturity Age - 85 years
Policy term
Minimum term - 10 years Maximum term - 30 years
Sum assured
Basic Sum Assured: Rs. 10 Lakhs to 25 Lakhs
Policy loan
The policy loan is not available under HDFC Term With Return Of Premium Plan.
Payment Modes
Yearly
Pros & cons
A quick honest summary — the strengths and the trade-offs.
Pros
- Premium Payment Options
- Absolute Amount Assured Paid
- Tax Benefits on Premiums and Maturity Benefit
Cons
- No Discount on Limited Pay
- No Riders Available
- No Policy Loan
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
HDFC Term Insurance Plans
Who can buy this plan
Eligibility criteria pulled straight from the policy wording.
Entry Age - 18 Years
Max Entry Age - 50 years
Minimum Sum Assured - 10 L
Maximum Maturity Age - 65 years
Premium Payment Term - LP/RP
How Does HDFC Term Plan With Return Of Premium Plan Work?
Let's understand how the HDFC Return Of Premium Plan works with a simple premium illustration.
Problem
Mr. Aman is a 30-year-old non-smoker earning 10 lakhs annually and looking for a simple term plan that provides a return of premium option.
Solution
His financial advisor advised him to buy the HDFC Term Plan With Return Of Premium Plan Work. He visited PolicyX.com.
Let's understand how the HDFC Term Plan With Return Of Premium Plan works for him with a premium illustration table.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹684/month | ₹8,208/year | 30 years | ₹2,46,240 | ₹25 Lakhs |
Key Takeaways: If Mr. Aman dies during the policy tenure, his family will receive ₹25 Lakhs as a death benefit from the insurer. If he outlives the policy tenure, he'll get back the premium paid towards the policy at maturity.
Riders Associated with HDFC Term with Return of Premium Plan
You can add the following riders to your HDFC Term with Return of Premium Plan:
Accidental Death Benefit Rider
Get an extra payout on top of the’s base cover on accidental death.
Accidental Total & Permanent Disability Benefit Rider
Get an extra payout on top of the base cover on total and permanent disability due to an accident.
Critical Illness Benefit Rider
Get additional coverage if you are diagnosed with a pre-specified critical illness.
Waiver of Premium Rider
In this rider, your future premium will be waived if you become disabled or seriously ill and are unable to work.
Features of HDFC Term With Return Of Premium
Key features that make HDFC Term With Return Of Premium stand out.
Policy Term Options
HDFC Term Life Insurance With Return Of Premium provides the option to give the policyholder the surety that the premium that they have paid for a long time will return to them after the completion of the policy.
Premium Payment Mode
Premiums are paid on an annual basis. This means that the individual only has to worry or pay attention to the plan once a year and they get enough time to save the amount to pay the premium.
Reduced Paid-UpBenefit
After paying 2 full years' premium, if further premiums are not paid and the policy is not surrendered, it becomes a reduced paid-up policy.
Benefits of HDFC Term With Return Of Premium
Here are the key benefits of the HDFC Term With Return Of Premium.
No Medical Test Required
This plan offers insurance coverage without requiring you to undergo medical tests, making it accessible and convenient.
Return of Total Premiums Paid
At the end of the policy term, 100% of the total premiums are paid and returned to the policyholder, providing a saving factor to the plan.
Tax Benefit
HDFC Return of Premium Term Plan offers a tax benefit of up to 1.5 lac, under section 80C of the Income Tax Act 1961, for the premium paid under the same financial year.
Flexible-Premium Payment Options
The insured has the flexibility to choose between two premium payment options- limited premium, where you pay a premium for 5 years, or regular premium where you pay a premium for the entire policy term.
Sum Assured On Death
The plan provides a death benefit that is higher than various options, including the absolute amount assured, 105% of the total premium paid 'X' times the annualized premium, or the sum assured on maturity.
Large Sum Assured Discount
Get an additional discount on premium for a high sum assured amount.
Exclusions of HDFC Return of Premium Plan
Here is the list of exclusions associated with the plan:
- 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 first 12 months of purchasing the policy, then no death benefits are paid to their nominee.
Conclusion
Term plan with return of premium HDFC is an affordable insurance option providing both protection and return of premium paid upon policy completion. It offers flexibility in premium payments and is suitable for individuals aged 18 to 50 years. If you have doubts or queries regarding the HDFC Life term plan with return of premium, you can contact us through the website policyx.com or at 1800-4200-269.
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HDFC Term With Return Of Premium: FAQs
The 3 most-asked questions about HDFC Term With Return Of Premium, answered.
Yes, you cannot get the plan without undergoing medical tests.
No, this plan does not provide any rider benefit.
Yes, the plan provides a guaranteed surrender benefit.
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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