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All You Need To Know About HDFC Life Money Back Plan

Updated On May 01, 2021

The HDFC Life Money Back Plan is a money back participating plan. With this plan, the policyholder receives a percentage of the sum assured at the end of every four years of the plan. This is extremely advantageous as most other types of insurance plans do not allow access to funds till the policy term ends. 

Money Back plans such as this HDFC Life Money Back Plan are helpful not only for savings but also for financial security at any time due to the regular payouts. There are several other features of this plan as will be described further on.

Benefits of HDFC Life Money Back Plan

There are several types of benefits provided by the HDFC Life Money Back Plan. They are as follows:

1. Survival Benefits

The HDFC Life Money Back Plan pays survival benefits at the end of every 4 years. It is calculated as a percentage of the basic sum assured under the plan. The entire number of payouts depends on the policy term.

2. Death Benefit

In case the policyholder dies within the policy term, a death benefit is paid out to their nominee(s). This death benefit is equal to the entire sum assured and any bonuses that have been accumulated. The death benefit is paid in full, regardless of what has been paid out in survival benefits.

3. Maturity Benefits

The amount that is left after paying out the survival benefits is given as maturity benefit in case the policyholder survives till the end of the policy term. All types of bonuses that have been accrued by the policyholder is paid out too.

4. Tax Benefits

The HDFC Life Money Back Plan offers tax benefits under Sections 80C and 10D of the Income Tax Act of India. Premiums amounts of up to 1 Lakh INR can avail tax benefits under 80C. The maturity benefit amount is entirely tax-free under section 10D.

Eligibility Conditions of HDFC Life Money Back Plan

Take a look at the following factors to see whether you are eligible for the HDFC Life Money Back Plan.



Entry Age

Minimum- 14 years

Maximum- 53 years

Maximum Maturity Age

65 years

Premium Payment Options

Monthly, quarterly, half-yearly, yearly

Premium Payment Term

Equal to the policy term


The HDFC Life Money Back Plan is a beneficial plan for everyone looking for life cover and efficient savings instruments. With the various benefits it provides, it makes sure to put the policyholders' earnings to good use. To live a stress-free life in the future and to ensure you can face any financial crises, start saving up today!

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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