HDFC Term Plan With Return Of Premium Plan

HDFC Term with Return of Premium Plan offers comprehensive protection which helps the insured to secure their family with with Zero-Cost Term insurance by the way of return of base prmium. 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 can avail of the benefit of sum-assured options from 5 lakh to 25 lakh. However, the plan doesn't have any rider benefits. Before discussing the plan let us have a brief look at what is zero-cost term insurance.

Zero Cost Term Insurance is a new concept introduced in the world of insurance that offers insurance holders the privilege to exit the term plan at a particular time(decided by the insurer) allowing them to take back the premium amount that they have paid to date. It is a benefit that is slightly different from the return of a premium. Now let us explore the plan in detail.

Eligibility Criteria of HDFC Term Insurance with Return Of Premium

Here is the eligibility table for HDFC Life Term With Return Of Premium Plan:

Key Features and Benefits of HDFC Return of Premium Term Plan

Exclusions of HDFC Term Insurance with Return Of Premium

• Exclusions of HDFC Term Insurance with Return Of Premium
• Suicide within 12 months from the date of policy commencement.
• Policy revival results in limited death benefits.
• There is no pre-existing cover under this plan.
• No policy loan is allowed under this plan.