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HDFC Life Investment

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HDFC Life Investment
Highlights
Claim Settlement Ratio98.01%
COVID-19 CoverYes
Customer Care9.00 AM to 9.00 PM
Inception2000
Presence421 branches
Solvency Ratio176%

About HDFC Life Investment

HDFC Life, a joint venture between HDFC Life and Abrdn, is a leading life insurance company in India that offers a number of insurance products, including investment plans. Offering a number of investment plans, with HDFC Life investment plans, you can now protect your future financially. So, read on to learn all about HDFC Life investment plans.

HDFC Life Investment Plans

HDFC Life Investment Plans are a type of financial tool wherein the policyholder invests a certain amount and, based on that, gets a return after a definite period of time. The HDFC Life investment plans are designed so that you multiply your savings in a systematic way. Some of the investment plans that HDFC Life offers are highlighted in the table below:

HDFC Life Investment Plan

Minimum Entry Age

Maximum Entry Age

Maturity Age

HDFC Life Sanchay Plus

5 years

60 years

5- 60 years

HDFC Life Sanchay Fixed Maturity Plan

90 days

60 years

18- 80 years

HDFC Life Sanchay Par Advantage

0 years

65 years

N/A- 100 years

HDFC Life Classic Assure Plus

8 years

55 years

N/A- 65 years

HDFC Life Super Income Plan

30 days

75 years

18- 75 years

HDFC Life Sampoorna Samriddhi Plus

30 days

60 years

18- 75 years

HDFC Life Uday Plan

18 years

55 years

30- 70 years

HDFC Life Pragati Plan

8 years

55 years

18- 65 years

HDFC Life Guaranteed Savings Plan

8 years

55 years

18- 65 years

HDFC Life Pension Guaranteed Plan

30 years

85 years

18- 65 years

Let’s discuss the features of each HDFC Life Investment Plan in detail:

HDFC Life Sanchay Plus

  • Available in four variants: guaranteed maturity, guaranteed income, life-long income, and long-term income.
  • Policyholders of the life-long income variant receive guaranteed income for their entire life, up to 99 years.
  • Option to select between a lump sum payment or recurring income payment option.
  • Policyholders are eligible for an annual premium of more than Rs. 1.5 lakh.
  • If the insured dies within the policy tenure, a death benefit is paid to the nominee either in a lump sum or periodically.
  • Include riders in your HDFC Life Sanchay Plus investment plan to enhance its coverage.

HDFC Life Sanchay Fixed Maturity Plan

  • You can select whether to insure yourself for a single or joint life with the insurance plan.
  • The insurance coverage provides assured savings, allowing you to invest for the future.
  • By paying extra money, you can further expand your protection coverage with several rider options.
  • This plan offers premium flexibility, allowing you to pay a single premium, a limited premium, or a monthly premium payment.
  • You can select from a range of policy terms ranging from 1 to 40 years with the insurance plan.

HDFC Life Sanchay Par Advantage

  • You will most likely receive assured life insurance up to the age of 100 with this insurance plan.
  • Choose if you want immediate or delayed income.
  • Benefits are enhanced for policies with an annual premium of Rs. 1 lakh or more.
  • The ability to choose your payout date depending on various milestones and financial goals.
  • One of the most important aspects of the plan is that the minimum death benefit will be 105% of all premiums paid.
  • It is a comprehensive plan to create a stable monthly income flow.

HDFC Life Classic Assure Plus

  • When you purchase a policy with a sum assured of Rs. 10 lakhs or more, you will most likely receive a 5% discount on your basic premium.
  • The plan can be tailored to your long-term financial needs.
  • You can even make payments for a period of 7 or 10 years and be insured for the rest of your life.
  • Policyholders can lend against their HDFC Life Classic Assure Plus Plan.
  • It provides an assured reversionary benefit and a sum assured against the early death of the policyholder.

HDFC Life Super Income Plan

  • If you choose the limited pay option, you will get a consistent income for your remaining life after paying your premiums for a period of 8 to 15 years.
  • You can begin receiving monthly payments under the single payment option as early as the second policy year and continue until the end of the policy tenure.
  • Boost your regular income stream with reversionary and terminal bonuses.
  • The plan includes a variety of premium payment and policy term options that will ultimately assist you in meeting your financial needs.
  • It is a comprehensive investment plan that provides protection for whole life.

HDFC Life Sampoorna Samriddhi Plus

  • You will have the option of paying premiums for a period equal to the policy term minus five years.
  • You can choose to be protected for 15 to 40 years.
  • If the insured dies in an accident, you can get an increased amount assured.
  • Depending on your needs, you can pay your premiums monthly, quarterly, semi-annually, or annually.
  • The grace period for HDFC Life Sampoorna Samriddhi Plus is 30 days.

HDFC Life Uday Plan

  • You can get insurance coverage at an affordable premium.
  • If you have a limited budget, you can even pay a single payment for 8 or 10 years and be covered for 12 or 15 years.
  • You can earn a 3% annual increase on your sum assured for the first five years of your insurance. In addition, bonuses will be paid out at the end of each fiscal year under the scheme.
  • Accidental death benefit coverage is available to protect your family against unfortunate mishaps.
  • Policyholders can select from 12 or 15 years of policy tenure.

HDFC Life Pragati Plan

  • The plan is inexpensive since you need to pay a small amount on a monthly basis.
  • You have the option of combining your selected policy term and premium payment term.
  • The plan allows you to pay a lump sum fee and be protected for 5 to 20 years.
  • If the policyholder fails to pay, HDFC will pay the full death benefit for two years from the date of the missed premium.
  • An interim bonus will be paid to the nominee if the policyholder dies, surrenders, or matures during the inter-valuation period.

HDFC Life Guaranteed Savings Plan

  • Amount guaranteed on death equal to or greater than ten times the annualised/single premium is paid.
  • Once policyholders pay all of their premiums, they will know exactly how much they'll receive when the insurance matures.
  • You might have to pay a premium once, or maybe pay for 5 or 7 years at a time, as per your convenience.
  • Policyholders may have to undergo any medical examination to buy HDFC Life Guaranteed Savings Plan.
  • You can borrow loan against your policy once it has reached its surrender value.

HDFC Life Pension Guaranteed Plan

  • Flexibility to select the premium and the policy tenure for HDFC Life Pension Guaranteed plan.
  • Choose from two plan variants- single or joint life insurance plans.
  • Top up your annuity payout anytime during the policy tenure.
  • Receive payouts on a monthly, quarterly, half-yearly, or quarterly basis.

Why Should You Buy Investment Plans with HDFC Life?

Listed below are some of the reasons why you should buy investment plans with HDFC Life:

  • Guaranteed Return: With HDFC Life investment plans, you can now invest in a regular manner and get guaranteed returns. Depending on the plan you buy, the returns paid out from investment plans will accordingly vary.
  • Variety of Plans: There are a number of investment plans that HDFC Life offers. Some of the plans offered by HDFC Life include HDFC Life Sanchay Par Advantage, HDFC Life Sampoorna Samridhi Plus, HDFC Life Super Income Plan, and many more. With a variety of investment plans available, it becomes easier for you to select the right investment plan as per your budget and requirements.
  • Ensure Financial Discipline: With HDFC Life investment plans, you can indulge in the habit of a regular and disciplined manner of savings. At the same time, you will also meet all your financial goals with HDFC Life investment plans.
  • Tax Savings: With HDFC Life investment plans, you can also enjoy tax savings of up to Rs. 46,800. The tax savings offered with HDFC Life investment plans offer tax deductions as per section 80C of the Income Tax Act of 1961.

Things to Keep in Mind While Buying HDFC Life

Whether you are a beginner or an expert, there are a number of things you will have to consider while buying an investment plan. So, to help you buy the right investment plan, here are some of the things that you need to keep in mind:

  • Assess Your Future Goals: One of the most important things that you need to consider while buying HDFC Life is to assess your future goals. For instance, you need to assess what exactly your future requirements are, whether you need to fund your child’s education, marriage or create a corpus for retirement. Based on all of these, it will become easier for you to choose the right investment plan for yourself.
  • Check the Market Risk: Depending on market risks, there are different types of investment plans offered by HDFC Life such as low-risk investment plan, medium-risk investment plan, and high-risk investment plan. So, if you have a high-risk appetite, you can invest in investment plans like ULIP which is largely affected by market fluctuations.
  • Flexibility in Payments: You should invest in a plan that offers the option of flexible payouts. This will ensure that you will be able to fund your needs out of the investment plans whenever required. You should ideally opt for payouts that offer returns at regular intervals instead of getting lump sum payments.
  • Profession: Another factor that you need to consider is your profession. Depending on your profession, you should choose an investment plan that best fits your budget as well as your needs. You should never invest in a plan that is out of your budget.
  • Check the Plan Features: You should also check the plan features while choosing the right investment plan. For instance, you should check what all is offered under the different investment plans, compare the plans available, and accordingly invest in the right plan.

How to Buy HDFC Life Investment Plans with InsuranceDekho?

With InsuranceDekho, you can buy HDFC Life investment plan in a few simple steps. Listed below are some easy ways in which you can buy HDFC Life investment plan with InsuranceDekho:

  • Go to InsuranceDekho website and click on the investment tab
  • Next, you will be required to enter details like age, number, salary, and other details
  • Once, you enter all the details, you will be taken to the investment quotes page
  • Select the investment plans offered by HDFC Life and proceed with the payment
  • Once your payment has been approved, you will receive a detailed policy on your registered email id

Documents Required to Buy HDFC Life Investment Plan

Some of the documents that are required to buy HDFC Life investment plans are as follows:

  • Duly-filled form
  • PAN card
  • Aadhaar card
  • Bank passbook
  • Income proof
  • Income tax return or ITR copy
  • Salary slips
  • Passport

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FAQ About HDFC Life Investment

  • What is the procedure for terminating HDFC Life investment plans?

    Policyholders must bring all applicable policy documentation, as well as a completed surrender form, to any of their city's branch locations. After deducting termination fees, stamp duty (if applicable), and medical tests, the refund will be deposited into your bank account within 72 hours.

  • What is the best way to pay the premium? What are the different payment options for buying HDFC Life Investment Plans?

    Any of the following methods can be used to pay your HDFC Life Insurance premium:

    • Cash\ Cheque payments
    • Drop box
    • NEFT
    • EBPP (Electronic Bill Presentment and Payment)
    • Axis\Yes Bank Debit Card

    For paying your premium online, visit e-portal by simply following the below mentioned steps:

    • Step 1: Enter the details of your policy such as policy number and date of birth of the policyholder.
    • Step 2: Pay your premium with credit\debit card or simply select your bank account to make your payment.
    • Step 3: Check the details which you entered and confirm your payment query and receive your online payment receipt.
  • How can I check the status of my HDFC Investment plan's policy?

    If you are a registered member, you can check the status of your insurance online. To check the status of your policy, simply connect onto the e-portal with your Client ID and password.

  • What is the procedure for renewing HDFC Life investment plans?

    Renew your policy through the internet. The steps are as follows:

    • Step 1: Go to the website and sign in with your customer ID and password.
    • Step 2: Find the policy that needs to be renewed and pay for it. Now is the time to pay for your premium renewal.
    • Step 3: Select a method of payment: credit/debit card or NEFT.
    • Step 4: Verify and confirm your payment information, then download your confirmation.
  • What are the factors that can impact an investment plan premium?

    A number of factors influence the premium, some of the factors are:

    • Age
    • Occupation
    • Riders
    • Smoking and drinking habits
    • Policy period
    • Sum assured
    • Medical history
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