HDFC Term With Return Of Premium

Overview

The HDFC Term with Return of Premium Plan offers comprehensive protection, helping the insured secure their family with Zero-Cost Term Insurance by returning the 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 insurance coverage without medical tests, a return of the total premium paid upon policy completion, and flexible premium payment options. Individuals aged between 18 to 50 years can buy the plan and avail sum assured options from ₹5 Lakh to ₹25 Lakh.

Benefits of HDFC Term with Return of Premium Plan

HDFC Term Insurance Plan with Return of Premium offers a range of benefits, including:

• Life Cover Without Medical Tests
• Premium Discount for Female Lives
• Multiple Premium Paying Terms
• Tax Benefits as per prevailing laws
• Affordable Premiums
• Return of Premium Benefit

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 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 premiums will be waived if you become disabled or seriously ill and are unable to work.

Key Features of HDFC Term with Return of Premium Plan

• Return of Premium Benefit

  HDFC Term Life Insurance With Return Of Premium provides the policyholder with the assurance that the premiums paid over a long period will be returned after the completion of the policy term.

• Premium Payment Mode

  Premiums are paid on an annual basis. This means the individual only has to manage the plan once a year, allowing ample time to save the amount for premium payment.

• Reduced Paid-Up Benefit

  After paying 2 full years' premiums, if further premiums are not paid and the policy is not surrendered, it becomes a reduced paid-up policy.

• 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 paid are returned to the policyholder, providing a saving component to the plan.

• Tax Benefit

  HDFC Return of Premium Term Plan offers a tax benefit of up to ₹1.5 Lakh, under Section 80C of the Income Tax Act 1961, for the premium paid within 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 which is the highest of the absolute amount assured, 105% of total premiums paid, or the sum assured on maturity.

• Large Sum Assured Discount

  Get an additional discount on premium for a high sum assured amount.

Exclusions

• Death due to a pandemic is not covered by the company.
• Death due to any type of adventure sports.
• Death due to consumption of any type of drugs and alcohol.
• Death due to any pre-existing disease not disclosed at policy inception.
• If a policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to their nominee.