Compare HDFC Standard Investment Plans

HDFC-Standard-Life-Insurance-Company

HDFC Standard Life Insurance Company

HDFC Standard Life Insurance Co. Ltd., (HDFC Life) is one of the topmost players in the insurance market. Launched in the year 2000, HDFC Life is a partnership between HDFC Ltd., one of India’s biggest housing finance institution and Standard Life, a global long term investment savings player. They have joined hands to provide customers with a range of insurance and investment products covering categories such as Protection, Pension, Savings, Investments, Health, Children and Women! With such a diverse portfolio, the company strives to meet individual protection and wealth-enhancing needs and provide customized financial solutions for everyone.

HDFC Life Investment Plans

HDFC Life has a range of savings and investment plans to take care of your entire financial goals. Providing adequate protection as well as enhancement of wealth is the objective behind offering diverse and variety of plans to cater to individual needs and requirements. Both savings and market-linked based plans are being offered with checks and balances in place to ensure risk is minimised without compromising on the return on investment.

List of Investment Plans Offered By HDFC Standard Life Insurance Company, With Features, Benefits And Eligibility

HDFC Life Pragati

Features:

  • Traditional savings cum insurance plan
  • Offers extremely affordable premiums starting as low as Rs. 100 p.m.
  • Flexibility to choose policy term
  • Auto Cover Continuance offered
  • Insurance policy shall be issued without any trouble on Declaration Of Good Health (DOGH)
  • Guaranteed return of premium on maturity/death

Benefits:

  • With declaration of bonuses, the value of the policy increases
  • Maturity Benefits: At the time of maturity of the policy, the policyholder shall receive the higher of:

    Sum assured on maturity plus accrued reversionary bonus, if any plus interim bonus, if any plus terminal bonus, if any, OR
    100% of the total premiums paid

  • Death Benefits: If the policyholder dies within the policy term, death benefits shall be paid to the nominee that’ll be the higher of:

    Sum assured on death plus accrued revisionary bonus, if any plus interim bonus, if any plus terminal bonus, if any, OR
    105% of total premiums paid
    Here, the sum assured on death is the higher of:
    Sum assured on maturity, or
    10 times annualized premium for entry age less than 45 years or 7 times annualized premium for entry age greater than or equal to 45 years for limited and regular pay policies OR 2 times Single Premium for single pay policies

  • Auto Cover Continuance: In case you don’t pay the premium of the policy, under this feature, the death benefit shall still be payable for 2 years from the date of last unpaid premium. Such a death benefit shall be the higher of

    Sum assured on death plus accrued revisionary bonus, if any plus interim bonus, if any plus terminal bonus, if any, OR
    105% of total premiums paid

Eligibility:

Entry Age Min: 8 years | Max: 55 years
Maturity Age Min: 18 years | Max: 65 years
Policy Term Single Pay: 5-20 years | Limited Pay: 10-20 years| Regular Pay: 10 years
Premium Paying Term Single Pay | Limited Pay: 5 years to 10 years | Regular Pay: 10 years
Premium Paying Frequency Yearly, half-yearly, quarterly or monthly or Single Pay

HDFC Life Click2Invest- ULIP

Features:

  • Unit linked insurance plan with attractive returns
  • Multiple fund options for investments
  • Flexibility in selecting premium payment options
  • Income Tax benefits are available

Benefits:

  • Death Benefit: In a situation where policyholder dies during the term of the plan, the nominee shall be paid the higher of sum assured or fund value or 105% of all premiums paid till the date of the death
  • Maturity Benefits: Fund value shall be paid at the time of maturity as maturity benefit
  • There are 8 funds to choose from to make perfect investment. These are:
  • Fund Name                              : Risk & Return Profile

    1. Equity Plus                         : Very High
    2. Diversified Equity              : Very High
    3. Blue Chip                           : Very High
    4. Opportunities                    : Very High
    5. Balanced                           : Moderate to High
    6. Income                              : Medium
    7. Bond                                  : Medium
    8. Conservative                     : Low
  • Income tax benefits can be availed under section 80C and section 10 (10) D

Eligibility:

Entry Age Min: 30 days | Max: 65 years
Maturity Age Min: 18 years | Max: 75 years
Policy Term 5-20 years
Premium Paying Term Single Pay | Limited Pay: 5, 7 and 10 years | Regular Pay: 5-20 years
Sum Assured Single Premium- 125% of Single Premium | Regular & Limited Pay (less than 55years age)- 10 X annualized premium | Regular & Limited Pay (More than 55years age)- 7 X annualized premium

HDFC Life Sanchay

Features:

  • Traditional investment plan with insurance benefits
  • Guaranteed additions to maturity benefits offered
  • Flexible policy term and premium payment terms available
  • Riders to provide wholesome coverage

Benefits:

  • Guaranteed additions of 8% or 9% of sum assured on maturity to the maturity benefits
  • Considering all premiums are paid, the total guaranteed maturity benefit will be between 220% to 325% of sum assured on maturity
  • Death benefits shall be paid to the nominee if the policyholder dies during the policy term

Eligibility:

Entry Age Min: 30 days | Max: 45 years
Maturity Age Min: 18 years | Max: 75 years
Policy Term Min: 15 years | Max: 25 years
Premium Paying Term 5,8 and 10 years

Riders:

  • HDFC Life Income Benefit on Accidental Disability Rider: This rider offers a monthly income of 1% of rider sum assured for a fixed period of 10 years if the policyholder suffers from Total Permanent Disability due to an accident
  • HDFC Life Critical Illness Plus Rider: If the policyholder is diagnosed with any of the 19 critical illnesses, this rider will ensure payment of rider sum assured

HDFC Life Super Income Plan

Features:

  • Participating regular income plan with money back policy
  • Survival benefits payable during pay-out period
  • Riders for wholesome coverage
  • Earn bonuses at maturity

Benefits:

  • After the end of premium payment term, the plan offers regular income for 8, 10, 12 or 15 years
  • During the pay-out period, survival benefits varying from 8% to 12.5% of the sum assured on maturity are payable
  • At the time of maturity, regular income can be increased with reversionary bonuses and terminal bonus, if any
  • Death benefits shall be paid in case the insured dies during the policy term
  • Instead of complicated medical tests, you can buy the policy basis short medical questionnaire

Eligibility:

Minimum Entry Age For policy term of 16 years: 2 years | For Policy term of 18-27 years: 30 days
Maximum Entry Age 59-48 years- For policy term ranging between 16-27 years
Minimum Maturity Age 18 years
Maximum Maturity Age 75 years
Policy Term 16, 18, 20, 22, 24 and 27 years
Premium Payment Term 8, 10 and 12 years
Pay-out Period 8, 10, 12 and 15 years

Riders:

  • HDFC Life Income Benefit on Accidental Disability Rider: This rider offers a monthly income of 1% of rider sum assured for a fixed period of 10 years if the policyholder suffers from Total Permanent Disability due to an accident
  • HDFC Life Critical Illness Plus Rider: If the policyholder is diagnosed with any of the 19 critical illnesses, this rider will ensure payment of rider sum assured

HDFC Life Capital Shield

Features:

  • Investment-cum-insurance plan with balance of debt and equity investments along with insurance cover
  • Assured Maturity Benefit offered
  • Loyalty Additions added
  • Partial withdrawals allowed

Benefits:

  • Exposure of investments shall increase in debt related funds gradually from equity based funds to safeguard capital
  • Maturity Benefit: At the time of maturity, the policyholder shall receive the higher of fund value or assured maturity benefit. Here, assured maturity benefit is:

    (101% X total premiums paid till date) minus the total partial withdrawals made till date, if any

  • Death Benefit: In the event of unfortunate death of the policyholder, the nominee shall be paid the sum assured on death that will be higher of

    Sum assured minus partial withdrawals, if any, or
    Fund value, or
    105% of total premiums paid till date

  • From the end of the 6th policy year, loyalty additions (as percentage of the average fund value) will be added to the fund value in the form of additional units

Eligibility:

Premium Min: Single Pay: Rs. 48,000; Limited Pay (5 years) Rs. 48,000 | Max: No limit
Sum Assured Single Pay: Entry age less than 45 years: 125% of Single Premium | Entry age equal to or more than 45 years: 110% of the single Premium
Sum Assured Limited Pay: Entry age less than 45 years: 10 times annualized premium; Entry age between 45-54 years: 7 times annualized premium (Minimum), 10 times annualized premium (maximum);
Entry Age equal to 55 years and above 7 times annualized premium
Policy Term 10 years
Premium Payment term Single or Limited Pay (5 years)

HDFC Life SL Crest

Features:

  • Short-term unit linked insurance investment plan
  • Option to invest in different funds for maximum returns
  • Flexibility to choose sum assured
  • Partial withdrawals allowed

Benefits:

  • Flexibility offered to invest funds in either of the 4 funds available, switch between them or redirect the future premiums
  • Death Benefits: If the policyholder dies before the end of policy term, the nominee shall be paid the higher of the sum assured (minus partial withdrawals, if any) or the total fund value or 105% of the total premiums paid till the date of the death
  • Select the sum assured multiple between 10 to 20 times the annual premium
  • Option to pay premium for only 5 years while enjoying the policy term of 10 years
  • Income tax benefits can be availed under section 80C and section 10 (10) D

Eligibility:

Entry Age Min: 14 years | Max: 55 years
Maturity Age 65 years
Policy Term 10 years
Premium payment Term 5 years

HDFC Life ClassicAssure Plus

Features:

  • Basic investment-cum-insurance plan
  • Limited Payment terms available
  • Guaranteed bonus during the premium payment term
  • Rider available for wholesome insurance coverage

Benefits:

  • The nominee shall be paid death benefit in the form of a lumpsum amount if policyholder dies during the policy term
  • Buying sum assured of Rs. 10 lakhs and above can get you discount on premium
  • Guaranteed reversionary bonus shall be offered during the premium payment term
  • Option to avail a loan under this policy subject to conditions
  • Premium payment term is limited to 7 years and 10 years
  • Three policy terms offered: 10 years, 15 years and 20 years
  • Income Tax benefits available under section 80C and section 10 (10) D

Eligibility:

Policy Term 10 year
Entry Age Min: 8 years | Max: 55 years
Maturity Age Min: 18 years | Max: 65 years
For 15year Policy Term
Entry Age Min: 3 years | Max: 60 years
For 20year Policy Term
Entry Age Min: 30 days | Max: 55 years
Maturity Age Min: 18 years | Max: 75 years
Premium Payment Term Yearly, Half-yearly, Quarterly or monthly

Riders:

  • HDFC Life Critical Illness Plus Rider: If the policyholder is diagnosed with any of the 19 critical illnesses, this rider will ensure payment of rider sum assured

HDFC Life Super Savings Plan

Features:

  • Basic endowment plan with regular premium
  • Accidental death benefits
  • Offers additional bonuses

Benefits:

  • If the policyholder dies during the policy term, the nominee shall be paid death benefit.
  • There will be extra sum assured if the policyholder dies due to an accident during the policy term
  • At the time of maturity, the maturity benefit shall be paid along with reversionary bonuses and terminal bonus (if any)

Eligibility:

Entry Age Min: 30 days | Max: 60 years
Maturity Age Min: 18 years | Max: 75 years
Policy Term Min: 15years | Max: 30 years
Premium payment Term Equal to Policy Term
Premium Payment Frequency Yearly, half-yearly, quarterly or monthly

HDFC Life ProGrowth Plus

Features:

  • Unit linked savings-cum-insurance plan
  • Offer to choose from 4 different funds for investments
  • The plan offers the flexibility to select sum assured
  • Partial withdrawals allowed

Benefits:

  • Two plan options are made available to the insured:
    1. Life Option: In this option, if the policyholder dies during the policy term, the nominee shall be paid the death benefit
    2. Extra Life Option: Under this option, the policyholder shall be paid death benefit along with accidental death benefit
  • The four funds to choose from are:

    Income Fund
    Balanced Fund
    Blue Chip Fund, and
    Opportunities Fund
    You can opt to select either of the funds or choose to switch between these funds to maximise returns on investment

  • Income Tax benefits can be availed under section 80C and section 10 (10) D

Eligibility:

Life Option:
Min-Max Entry Age 14-65 years
Min-Max Maturity Age NA-75 years
Extra Life Option:
Min-Max Entry Age 18-55 years
Min-Max Maturity Age NA-70 years

HDFC Life ProGrowth Super II

Features:

  • Unit linked saving-cum-insurance policy
  • Multiple life cover options to choose from
  • Flexibility to choose from different funds for maximum return on investment
  • Income tax benefits applicable

Benefits:

  • The policy offers following 8 options to select from for the life cover:
    1. Life Option: This plan offers only the death benefit if policyholder dies during policy term
    2. Extra Life Option: Here the nominee receives death benefit plus accidental death benefit
    3. Life & Health Option: In this option, the nominee shall receive death benefit plus critical illness benefit
    4. Extra Life & Health Option: Here the nominee shall receive death benefit plus accidental death benefit plus critical illness benefit
    5. Life & Disability Option: Under this option, death benefit along with accidental total and permanent disability benefit is payable
    6. Extra Life & Disability Option: Here death benefit + accidental death benefit + accidental total and permanent disability benefit shall be payable
    7. Life & Health & Disability Option: This option will include death benefit + critical illness + accidental total and permanent disability benefit
    8. Extra Life & Health & Disability Option: This plan will pay death benefit + accidental death benefit + critical illness + accidental total and permanent disability benefit
  • In case the policyholder dies during the policy term, the nominee shall receive sum assured and fund value of the policy
  • The following four funds are available for investments:

    Income Fund
    Balanced Fund
    Blue Chip Fund
    Opportunities Fund
    The policyholder can invest in either of the fund and is allowed to switch between the funds or redirect future premiums as well

  • Income tax benefits can be availed under section 80C and section 10 (10) D

Eligibility:

  Min-Max Entry Age Max Maturity Age Min-Max Term Age
Life Option 14-65 years 75 years 10-30 years
Extra Life Option 18-55 years 70 years 10-30 years
Life & Health Option 18-55 years 65 years 10-30 years
Extra Life & Health Option 18-55 years 65 years 10-30 years
Life & Disability Option 18-55 years 65 years 10-25 years
Extra Life & Disability Option 18-55 years 65 years 10-25 years
Life & Health & Disability Option 18-55 years 65 years 10-25 years

HDFC Life ProGrowth Flexi

Features:

  • Unit-linked savings-cum-insurance plan
  • Two life cover options available
  • Option to choose from different funds for investment
  • Option to choose sum assured multiple from 10-40 times of annual premium

Benefits:

  • Life cover can be chosen from either of the following:
  • Life Option: Death Benefit will be paid to the nominee if policyholder dies during policy term
    1. Extra Life Option: Death benefit + accidental death benefit shall be paid to the nominee
    2. At the time of maturity of the policy, the policyholder can opt to receive Fund value as a lumpsum amount or receive the settlement option
  • The following funds are available to choose from for the investment

    Income Fund
    Balanced Fund
    Blue Chip Fund
    Opportunities Fund
    You can select either of the fund and switch between funds and redirect future premiums as well

  • Enjoy income tax benefits under section 80 C and section 10 (10) D

Eligibility:

  Min-Max Entry Age Max Maturity Age Min-Max Term Age
Life Option 14-65 years 75 years 10-30 years
Extra Life Option 18-55 years 70 years 10-30 years

HDFC Life ProGrowth Maximiser

Features:

  • Unit-linked single premium short-term insurance plan
  • Option to invest in multiple funds for maximum enhancement of investment
  • Offers the facility to have single premium top-ups
  • Income Tax benefits can be availed

Benefits:

  • Death Benefit: If the policyholder dies before the end of the policy term, the nominee shall be paid higher of the fund value or sum assured (minus partial withdrawals, if any) or the minimum death benefit that is 105% of the total premium paid till the date of the death
  • Maturity Benefits: The policyholder shall receive the fund value at the time of maturity of the policy
  • Free Asset Allocation option allows the policyholder to invest among the four fund options, switch between them and even redirect the future premiums to maximise return on investment based on individual risk appetite
  • The plan also offers income tax benefits under section 80C and section 10 (10) D

Eligibility:

Policy Term 10 years
Premium Payment Term Single
Min-Max Entry Age 14-65 years
Maximum Maturity Age 75 years

HDFC Life Uday

Features:

  • Basic savings insurance plan
  • Offers premium as low as Rs. 500 p.m. and annual premium as low as Rs. 5000/-
  • Multiple term options available
  • Guaranteed Additions and bonuses are offered
  • Death benefits due to accident

Benefits:

  • Maturity Benefit: At the time of maturity of the policy, the policyholder shall receive the aggregate of

    Sum assured on maturity + Accrued Guaranteed additions + Accrued reversionary bonuses, interim bonus and terminal bonus, if any

  • Death Benefit: If the policyholder dies during the policy term, the nominee shall receive the higher of

    Sum Assured on Death + Accrued guaranteed additions + Accrued reversionary bonuses + Interim bonus (if any) + Terminal Bonus (if any), OR
    105% of premiums paid till the date of death
    Here the Sum Assured on Death is the higher of:

    1. Sum assured on maturity, which is the absolute amount of benefit guaranteed to be payable at the time of maturity, or
    2. An absolute amount assured to be paid on death, or
    3. 10 times annualized premium for entry age up to 50 years or 7 times annualized premium for entry age greater than 50 years
  • Accidental Death Benefit: As an additional benefit, an amount equal to sum assured shall be paid to the nominee if the policyholder dies due to an accident
  • Auto Cover Continuance: This feature ensures the life cover continues for one year even if the policy holder doesn’t pay the premium. This shall be applicable for one year from the date of the unpaid premium and applies only to death benefit.

Eligibility:

Policy Term 12 years | 15 years
Premium Payment Term 8 years | 8 years or 10 years
Min-Max Entry Age 18-55 years
Min-Max Maturity Age 30-70 years
Min. Sum Assured on Maturity Rs. 28,465
Max. Sum Assured on Maturity No limit

HDFC Life Sampoorn Nivesh

Features:

  • Multiple life cover options
  • Accidental death benefit
  • Option to invest among 8 different funds
  • Loyalty additions

Benefits:

  • Death benefits: If the policyholder dies during the policy term, the policy will pay the death benefits under the following three options:
    1. Classic: Death benefit will be the higher of sum assured or fund value or 105% of all premiums paid till the date of death. Policy will be terminated after pay-outs
    2. Classic Plus: Death benefit will be the higher of sum assured plus fund value or 105% of all premiums paid till the date of death. Policy will be terminated after pay-outs
    3. Classic Waiver: Death benefit will be higher of sum assured or 105% of all premium paid till the date of death plus future premium will be paid by the company as policy remains active plus fund value will be paid at the time of maturity
  • Extra Life Option shall ensure you receive additional benefits if the policyholder dies due to an accident
  • Guaranteed loyalty additions shall be added to the fund value 10th year onwards
  • Paying higher premium will ensure reduced premium allocation charges
  • Income Tax benefits can be availed under section 80C and section 10 (10) D

Eligibility:

Classic Life Option
Entry Age Min: 18 years | Max (5 pay): 53 years | Max (Other than 5 pay): 58 years
Age at Maturity Min: 28 years | Max (5 Pay): 63 years | Max (Other than 5 pay): 68 years
Classic (Extra Life) Option
Entry Age Min: 18 years | Max (5 pay): 53 years | Max (Other than 5 pay): 58 years
Age at Maturity Min: 28 years | Max (5 Pay): 63 years | Max (Other than 5 pay): 68 years
Classic Plus Option
Entry Age Min: 0 years | Max (5 pay): 48 years | Max (Other than 5 pay): 50 years
Age at Maturity Min: 18 years | Max (5 Pay): 58 years | Max (Other than 5 pay): 60 years
Classic Waiver Option
Entry Age Min: 18 years | Max (5 pay): 47 years | Max (Other than 5 pay): 50 years
Age at Maturity Min: 28 years | Max (5 Pay): 57 years | Max (Other than 5 pay): 60 years
Policy Term 10, 15 to 25 years
Premium Payment Term Single Payment | Limited Pay: 5, 7 and 10years | Regular Pay: 10,15 to 25 years
Premium Min: Rs. 24,000 | Max: No limit

HDFC Life Sampoorn Samridhi Plus- Whole Life Insurance

Features:

  • Limited premium endowment plan
  • Guaranteed additions to fund value offered
  • Applicable bonuses on offer
  • Accidental death benefit
  • Life cover up to 100 years of age under whole life coverage

Benefits:

  • The policy offers following two plan options:
    1. Endowment: Under this option, a lumpsum amount is payable at the end of the policy term
    2. Endowment with Whole Life: Here, a lumpsum amount is payable at the end of the policy term plus sum assured on maturity payable on survival till 100 years of age or death, whichever is earlier
  • Death Benefit: If the policyholder passes away before the policy term end, the nominee shall receive the higher of:

    Sum Assured on Death + Accrued Guaranteed Additions + Accrued Revisionary Bonuses + Interim Bonus, if any + Interim Bonus, if any, OR
    105% of all premiums paid till date
    Here Sum Assured on Death is higher of:

    1. Sum assured on maturity, which is the absolute amount of benefit guaranteed to be payable at the time of maturity, or
    2. Absolute amount assured to be paid on death, or
    3. 10 times annualized premium for entry age up to 50 years or 7 times annualized premium for entry age greater than 50 years
  • Maturity Benefit: This shall be payable as follows for the two plan options:
    1. Endowment Option: It will include Sum Assured on Maturity + Accrued Guaranteed Additions + Accrued Revisionary Bonuses + Interim Bonus, if any + Interim Bonus, if any
    2. Endowment with Whole Life: This will include benefit under endowment option + Sum Assured on Maturity payable on survival till 100 years of age or death, whichever is earlier
  • Accidental Death Benefit: If the policyholder dies due to an accident, the nominee shall be paid an additional amount equal to sum assured on death
  • Tax benefits are applicable under section 80C and section 10 (10) D

Eligibility:

Entry Age Min: 30 days | Max: 60 years
Maturity Age Min: 18 years | Max: 75 years
Policy Term Min: 15 years | Max: 40 years
Premium Payment Term Policy Term less 5 years
Premium Min: Rs. 12,000 | Max: No limit
Guaranteed Addition 3% p.a. for policy term equal to 15-19 years
4% p.a. for policy term equal to 20-24 years
5% p.a. for policy term equal to 25 years or more
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