HDFC Life Investment Plans

HDFC Investment Plans

In the year 2000, HDFC Life Insurance Company was established as a joint partnership between HDFC Limited and Standard Life Aberdeen PLC. HDFC Life provides a variety of pension, savings, investment, and health insurance options.

HDFC Investment Plans are designed to assist policyholders in developing savings habits and receiving good returns when they are needed. At the end of the policy term, they normally provide a fixed maturity benefit amount. Learn more about the various HDFC investment plans offered by HDFC Life by reading on.

Types Of HDFC Investment Plans

Customers of HDFC Life Insurance Company can choose from a variety of investment plans with a variety of benefits to help them save and grow their money. The following is a complete list of HDFC investment plans, along with their features and benefits.

1. HDFC Life Sanchay Plus: HDFC Life Sanchay Plus is a non-linked, non-participating savings plan designed to secure you and your family financially. It helps you in reaching personal milestones that include extra costs and responsibilities.

Key Features:

• The Guaranteed Maturity benefit ensures that you receive a lump sum payment when your plan expires.
• Allows you to choose between a lump sum or a regular income.
• The life-long Income option provides you with a guaranteed income until you reach the age of 99.
• According to the Income Tax Act of 1961, you can get tax benefits on premiums paid.

Eligibility Criteria For HDFC Life Sanchay Plus

Parameters	Specifications
	Guaranteed Income	Guaranteed Maturity	Life-Long Income	Long-Term Income
Minimum Entry Age	5 Years	5 Years	50 Years	5 Years
Maximum Entry Age	60 Years	60 Years	60 Years	60 Years
Maximum Maturity Age	73 Years	80 Years	73 Years	73 Years
Premium Payment Mode	Annual: Rs.30,000 Half yearly: Rs.15,000 Quarterly: Rs. 7,500 Monthly: Rs. 2,500

2. HDFC Life Sanchay Par Advantage: It is a participating life insurance plan that helps you realise your future goals by providing cover for a lifetime (up to 100 years of age) and producing a regular income.

Key Features:

• Provides live cover insurance up to the age of 100 years.
• Depending on your needs, you can choose between immediate and deferred income options.
• From the first policy year until the death or end of the policy, the Immediate Income Option provides regular income in the form of cash bonuses, if declared. It also pays out a lump payment at the end of the term.
• The Deferred Income Option provides guaranteed income for a set period of time, as well as regular income in the form of cash bonuses, if declared, during the duration of the policy. It also pays out a lump payment at the end of the term. If Guaranteed Income was not paid earlier, it will be included in the death payment, along with the rest.
• Allows you to choose the date on which survival benefits are paid out.
• According to the Income Tax Act of 1961, you can get tax benefits on premiums paid.

Eligibility Criteria For HDFC Life Sanchay Par Advantage

Parameters	Specifications
Minimum Entry Age	30 Days
Maximum Entry Age	Immediate Income : 65 Years Deferred Income: 55 Years( For PPT 8 Years) 60 Years ( For PPT 10,12 Years)
Maximum Maturity Age	100 Years
Premium Payment Mode	Monthly, half-yearly, quarterly, and annually

3. HDFC Life Sanchay: It is a non-participating insurance plan that gives you complete control over whatever investment option is best for you. The plan also includes benefits that are guaranteed.

Key Features:

• Provides a guaranteed return when the investment matures (provided all due premiums have been paid).
• Benefits are guaranteed for the duration of the policy (140% to 460 % of the Sum Assured on maturity).
• It gives you the option of paying your premiums in instalments (only applicable for HDFC credit cardholders).
• Flexibility to choose policy terms:
• 5 to 20 years for single pay
• 10, 12, 15, and 40 years for Limited pay

Eligibility Criteria For HDFC Life Sanchay

Parameters	Specifications
	Limited Pay	Single Pay
Minimum Entry Age	30 Days	5 Years
Maximum Entry Age	65 Years	50 Years
Maximum Maturity Age	85 Years
Premium Payment Mode	Annual, Half-yearly, Quarterly, Monthly

4. HDFC Life Sampoorna Samridhi Plus: It is a type of endowment plan that protects your loved ones.

Key Features:

• It allows you to choose a policy term between 15 and 40 years.
• Provides an additional benefit in the case of an accidental death.
• For the first 5 years, it offers up to 5% annual sum assured on maturity worth of additions.
• Sections 80(C) and 10(10D) of the Income Tax Act of 1961 provide tax benefits.

Eligibility Criteria For HDFC Life Sampoorna Samridhi Plus

Parameters	Specifications
Minimum Entry Age	30 Days
Maximum Entry Age	60 Years
Maximum Maturity Age	75 Years
Premium Payment Mode	Annual, Half-yearly, Quarterly, Monthly

5. HDFC Life ClassicAssure Plus: It is a participating insurance plan that offers premium payment terms that are flexible as well as a guaranteed reversionary bonus.

Key Features:

• Premium payment terms of 7 or 10 years are limited.
• It allows you to borrow money if you meet specific requirements.
• Provides insurance coverage for the duration of the policy.
• You can pay your premiums monthly, quarterly, half-yearly, or annually.
• You will receive a discount on your basic premium if your policy has a total assured of 10 lakhs or more.

Eligibility Criteria For HDFC Life ClassicAssure Plus

Parameters	Policy Term (in years)
	10	15	20
Minimum Entry Age	8 Years	3 Years	30 Days
Maximum Entry Age	55 Years	60 Years	55 Years
Maximum Maturity Age	65 Years	75 Years	75 Years
Premium Payment Mode	Yearly, Half-Yearly, Quarterly and Monthly

6. HDFC Life Super Income Plan: It is a participating plan that guarantees income for a period of 8 to 15 years. The plan is perfect for people who need a regular flow of revenue so they do not have to worry about unexpected expenses in the future.

Key Features:

• Provides insurance coverage for the duration of the policy.
• Increase your monthly income with terminal and reversionary bonuses when you reach maturity.
• To match your savings and income goals, offers a variety of premium payment and policy term options.
• Get survival benefits ranging from 3.84 % to 12.5%of the sum assured.
• After the premium is paid, you will receive a regular income for the next 8 to 15 years.
• Under limited pay choices, a guaranteed annual income for a period of 8, 10, 12, or 15 years is guaranteed.

Eligibility Criteria For HDFC Life Super Income Plan

Parameters	Specifications
Minimum Entry age	30 Days
Maximum Entry Age	59 Years
Maximum Maturity Age	75 Years
Premium Payment Mode	Monthly, quarterly, half-yearly and annually

7. HDFC Life Uday: This plan is designed to protect your assets while also providing a lump sum payment to your loved ones in the case of your untimely death.Guaranteed Income starting in the second policy year and continuing till the end of the policy term (under single pay option).

Key Features:

• Many term options available.
• Benefits guaranteed at 3% each year for the first 5 years of the insurance.
• If the policyholder dies in an accident, the insurer will pay out an accidental death benefit.
• Issuance is simple and convenient.

Eligibility Criteria For HDFC Life Uday

Parameters	Specifications
Minimum Entry Age	18 Years
Maximum Entry Age	55 Years
Maximum Maturity Age	70 Years
Premium Payment Mode	Monthly, Every 3 months, every 6 months and yearly

Applying For A Traditional / Investment Plan From The Company:

Online

The HDFC Standard Life Insurance Company has a number of unique plans that are only available online. The customer merely needs to go to the website of the company, select the required plan, coverage, and provide the necessary information. The premium will be calculated based on the information provided. After that, the customer must pay the premium via credit card, debit card, or net banking, and the policy will be issued.

Intermediaries

Agents, brokers, banks, and other intermediaries can assist with the application process for plans which are not available online.