HDFC Life Investment Benefits

The Housing Development Finance Corporation Limited, or HDFC, was one of the first banking institutions to acquire Reserve Bank of India (RBI) "in principle" clearance to open a private sector bank. Furthermore, the company has a strong sales team, which aids in increasing the market share of the organisation in the insurance business. Protection plans in the shape of term plans, Child Plans, Savings and Investment Plans in both conventional and ULIP forms, and pension plans are among the products offered by HDFC.

Why To Buy HDFC Investment Plan?

Following are some of the reasons to buy HDFC Investment plan-

• In the event of death, the higher of the Sum Assured or ten times the yearly premium, excluding any invested bonus, interim bonus, or terminal bonus, is paid, provided to a minimum of 105 % insurance premiums up to the date of death.
• The Sum Assured is given to the insured at maturity, including with any earned bonuses, specified reversionary bonuses, and terminal bonuses, if any.
• A loan of up to 80% of the Surrender Value can be obtained through their investment plan.
• The premium paid and the claim received are both eligible for a tax credit. The insurance premiums are tax-free under Section 80C of the Tax Code, and the claim received is tax-free under Section 10(10D) of the Tax Code.
• The plan gives the various option plans and flexible premium payment modes.