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HDFC Life Click 2 Invest - ULIP
Minimal charges to get the most from your investments
Key Benefits of Online Purchase
Safe and Transparent
All Terms and conditions, policy charges, shown upfront with no hidden costs or details. What you see is what you get.
Certified and Registered Online Agents
Our online agents will guide you every step of the way - Product selection, Form filling, Payment and After sales customer service. Each step is available and accessible online. All our calls are recorded for accountability.
Exclusive Online Discounts
Depending on the product type, purchasing insurance online is economical. Example: You get additional 7% online discount on your first premium on our term product: HDFC Life Click 2 Protect Super
Convenience at your fingertips
Explore all products & plan options, choose policy terms, do premium payments, all from the comfort of your home. Also get support from online and 400+ branches across India.
HDFC Life Insurance - Customer Stories!
"Thanks to HDFC Life, I am now able to pursue my education abroad and fulfill my parents' dreams"
Sartajbir Singh
Batala, Punjab
Caringwith
Pride
Sartajbir Singh
Batala, Punjab
Caringwith
Pride
" I want to express my gratitude to Mr. Nishant Sharma from HDFC Life for his invaluable assistance during my difficult time. As an 18 yr old, managing the death claim of my mother while my father was working abroad, I was distressed. Nishant not only helped me with all the documentation for claim submission but also provided unwavering support throughout. His guidance made a significant difference in navigating the claims procedure. The claim closure time efficiency was an additional source of relief during this challenging period. I must emphasize Nishants exceptional character and dedication. He truly went above and beyond to help me out. Thanks to HDFC Life, I am now able to fulfill my parents' dreams."
INT/MC/06/23/1951
"HDFC Life's prompt service amazed me as I received the claim amount within 24 hours"
Anoop Chahar
Agra, Uttar Pradesh
Caringwith
Pride
Anoop Chahar
Agra, Uttar Pradesh
Caringwith
Pride
" I am grateful to Mr. Harish Rawat and HDFC Life for their incredible assistance in processing my father's death claim. HDFC Life's prompt service amazed me as I received the claim amount within 24 hours of applying. Mr. Harish went the extra mile by personally arranging the required hospital discharge summary required for claim submission. I sincerely thank Mr. Harish and HDFC Life for their outstanding dedication and support. Their commitment to their responsibilities and customers is truly commendable, and I am forever grateful for their exceptional service."
INT/MC/06/23/1951
"In addition to the quality service, the transparency displayed by HDFC Life has instilled confidence in me as a customer"
Parna Acharya
Batala, Punjab
Caringwith
Pride
Parna Acharya
Batala, Punjab
Caringwith
Pride
" The seamless and efficient claim processing of my late husband's HDFC Life Term plan has provided us with the much-needed financial stability during this challenging time. Moreover, the personalized attention and empathy shown by the staff has left a lasting impression on me. I would like to express my gratitude for timely communication throughout the entire process by Mr. Subhadip. His prompt updates and clear explanations helped alleviate my concerns and kept me informed at every step. In addition to the quality service received, the transparency displayed by HDFC Life has instilled confidence in me as a customer. Thank you for being there for me and my family during this difficult journey."
INT/MC/06/23/1951
About
HDFC LIFE
HDFC Life is one of India's leading life insurance company offering a range of individual and group insurance solutions that meet your various needs such as Protection, Pension, Savings & Investment, Health and more.
SUPERBRAND FOR THE 9TH TIME
Superbrand 2023-24
SUM ASSURED
13.34 lakh crore
New Business
BRANCHES
535
Across in India
ASSETS UNDER MANAGEMENT
2,92,220 crore
In FY 23-24
NUMBER OF LIVES INSURED
6.6 Cr
In FY 23-24
As per HDFC Life Integrated Annual Report FY 2023 - 2024
Claim Track Record
for FY 2023-2024
We have honoured 99.50% Individual Claims!*
At HDFC Life, we ensure a hassle-free and uniquely sensitive claim experience. We are always doing our utmost to enable faster settlement of claims, with our Claim Settlement Ratio reflecting this assurance.
Same Day Claims Processing
Individual claims processed within 24 business hours for all claims over 3 years from the date of inception**.
*Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2023-24.
Check last 5 years claims trend.**Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved.
Know More
One Day Claim Settlement
is available for the following
- Cumulative claim amount on all policies up to ₹2 crores
- 1 day claim settlement is exclusively available for policies bought online
- Claim does not require field investigation
- All requisite documents # submitted by the nominee before 3 PM on a working day at HDFC Life branches. Intimations beyond 3 PM will be taken up the next business day
- HDFC Life will pay an interest on your death claim amount for every day of delay beyond one working day
T&C Apply
1. For all claims fulfilling above mentioned conditions, provided we receive all the required documents, the claim will be processed within one working day and decision will be communicated accordingly.
2. Investigation / Open title / Rival / Court involved Claims are excluded.
3. Policy duration at the time of event is at least >=3 years.
4. Saturday, Sunday, public festivals and non-NAV days (for ULIP) are excluded (not treated as a working day) ^Interest rate would be at 6.25%per annum.
#Documentation Details
Claim form, Nominee photograph, Pan card copy, Identity and Address proof of nominee. (If nominee is minor, documents of appointee to be submitted). Death certificate issued by competent authority for death registrations. Medical cause of death certificate. Cancelled cheque/copy with the name of nominee/appointee mentioned on it as per the passbook of the nominee/appointee. Past & current complete medical records including discharge/death summary, indoor case papers, investigation reports, consultation notes. In case of an accidental death, additional documents will be required. Post Mortem Report, Panchnama, Police Inquest report, First/Final Information report, Viscera/Chemical Analysis report.
What is life insurance?
Have you ever wondered what would happen to your family in case of your untimely demise someday? Who will take care of their finances, such as their EMIs, grocery, education and marriage expenses? Will your investments or savings be enough to help them survive for long? If you are indeed worried about all this, then life insurance is surely the answer.
In exchange for your premium payments over the course of the policy term, the life insurrer such as HDFC Life offers you a life cover sum. Life insurance cover safeguards the future of your family by providing a lump sum payment, also known as a death benefit, in the event of your untimely demise during the policy’s term. Moreover, upon the expiration of the policy term, certain life insurance policies offer you a maturity benefit.
As you pay the life insurance premiums, the insurer agrees to pay a certain amount of money to the beneficiary of the life insurance policy upon the policyholder's death or after a predetermined period of time, which is the cover amount.
Because paying premiums is the only way to access all the benefits of a life insurance policy, it is best to choose a premium that is affordable. Only when you keep paying all premiums on time, the insurer offers the cover amount promised.
Now comes the question, why buy a life insurance? What benefits does it offer? Well, let us simplify that for you.
The most vital benefit of life insurance is safeguarding your finances. Any type life insurance plan has the ability to give your family financial stability is one of its main advantages. A death benefit is a core part and is included in life insurance policies. Your family members or nominee(s) will receive the sum assured, which is a predetermined amount if you pass away within the policy's term. This guarantees your family members' financial stability even when you aren't around.
The second benefit of life insurance is that it helps inculcate a savings habit. In order to maintain the validity of your life insurance policy, you must make periodic payments or premiums. Your policy may be cancelled if premiums are not paid. Thus, you develop a saving habit that will serve you well in the long run by investing on a regular basis.
Life insurance also promotes tax savings. The government has extended tax savings to a wide range of investment instruments in an effort to encourage savings and investment. One such tool is life insurance. As per deductions under 80C of the Income Tax Act of 1961*, you are eligible to receive a tax deduction of up to Rs 1.5 lakh for the annual premium that you pay. You thus get the advantage of both tax savings and investment.
Another benefit is that life insurance helps reach your major financial goals in life. Over time, some life insurance policies accrue cash value. Policies for life insurance, like ULIPs, also include an investment component. Your premium is invested and yields a return on marketable securities. They accumulate over time into a sizable corpus that can be utilised to accomplish objectives like your child's education, child marriage, etc.
The fifth benefit of life insurance is distribution & wealth protection.One of the safest long-term investment options are life insurance policies. Hence, having life insurance will enable you to protect your wealth from taxes & inflation for an extended period of time. Because of this feature, life insurance plans are excellent tools for retired investors to create long-term pensions.
How Does Life Insurance Work?
While purchasing any type of life insurance, it's important for you to understand how it works and how your nominee can receive the benefits of your policy. Better understanding will help you on deciding on frequency of payment, payout plan and sum assured.
1. Buying life insurance
When buying a life insurance, it's important to consider the following factors:
- Life coverage you need
- Type of life insurance that will meet your financial needs
- Premiums that you will pay. For example term insurance calculator can help you with calculating the premiums to buy term insurance
- Add-on riders that will help you get a comprehensive financial cover
- Differences between various life insurance quotes for each possible policy
2. Payment of Premium
The premiums of a life insurance is dependent on a few factors, such as type of life insurance you purchase, term of the policy, premium paying term, your age, your gender, the insurance company selling the policy, and your overall health, wellness, and family history.
- To calculate premiums for term insurance plan you can use term insurance calculator
- To calculate premiums for ULIP you can use ULIP calculator
- To calculate premiums for savings plan you can use savings calculator
- To calculate premiums for investment plans you can use investment calculator
3. Claims
As far as the claim is concerned, if the insured passes away during the policy's tenure, a death benefit is paid to the insured's designated nominee in an amount predetermined by the insurer. Making a claim for this is a fairly easy process. A claim can be submitted online, through text message, email, phone at the insurer's call centre, or in person at a branch office. In order to expedite the claim processing, it is best to notify the insurer as soon as the required paperwork is prepared. Do research on the insurer's claim settlement ratio prior to buying a life insurance policy. This indicates the possibility that your claim will be resolved.
What are the different types of life insurance?
Some of the types of life insurance are:
1 Term Insurance
Term insurance safeguards the future financial stability of your family in the event of your death. Term insurance is a pure protection plan. In addition, compared to other life insurance products, term insurance has cheaper premiums. If you purchase large covers early in life, the premiums are also more reasonable. You can opt to get all your premiums back after the term of the policy in case you survive through term insurance with return of premium. If you want to get critical illness insurance then you can choose avail the critical illness rider along with your base term insurance.
2 Whole Life Insurance
Whole life insurance is a plan that provides life cover for the whole life of the policyholder. It may extend to 99 or 100 years of age.
3 ULIP
A Unit Linked Insurance Plan (ULIP) is a special type of life insurance that combines protection with investment. With a ULIP, you get life coverage and the chance to invest in market-linked options, which can potentially grow your money over time. It also offers tax benefits and the flexibility to switch between different investment funds. Life insurance quotes help you figure out how much coverage you need and how to split your money between insurance and investments.
4 Retirement Plans
Retirement plans or pension plans are life insurance products designed to ensure you’re financially secure when you retire. They let you invest money while you’re working, building up a savings fund that you can use when you stop working. Investing in retirement plans is a smart, disciplined way to prepare for a comfortable and worry-free retirement.
5 Child Insurance Plans
Children deserve the best, and a child insurance plan can help secure their future by saving for education and marriage costs. Child plans provide maturity benefits when the child turns 18, either as a lump sum or in yearly payments. They also include insurance for parents, offering financial support if the insured parent passes away during the policy period.
One key benefit of child plans is the ability to choose how your money is invested—whether in debt, equity, or balanced funds. ULIP child plans also ensure that your returns keep up with inflation.
6 Savings and Investment Plans
Savings plans are life insurance products that help you build a guaranteed financial fund over time. You can use this money to meet your financial needs and future goals.
These plans have two benefits: they help you grow your wealth and provide life insurance. The investment plans also offer a death benefit. Depending on the type of savings plan you choose, it can also serve as a backup source of income, allowing for long-term planning. You can also opt for a money back policy, which offers both financial protection and investment benefits.
7 Group Insurance Plans
Group insurance plans facilitate the provision of numerous insurance benefits to a typical group of people at once. Groups and organisations can use these to offer effective life insurance benefits to their members or employees.
Now, you may ask why choose a group insurance plan. The primary benefit of group insurance plans is their hassle-free approach to large-scale insurance coverage. These plans are perfect for banks, societies, employers, associations, and financial institutions that provide coverage for a group of individuals who fit into a predetermined category.
Why should you consider buying life insurance?
Buying a life insurance is important in more ways than one. Let us explain why purchasing life insurance is not an option but a necessity:
Financial security for your family & loved ones
A life insurance plan can help your family live comfortably and worry-free by replacing your income in the event of your death. It assists them in maintaining their way of life and paying for bills like food, rent, schooling, etc.
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To pay for your children's future education
If the family's primary provider dies, the cost of their education may become extremely burdensome. Even if you are not living, life insurance makes sure your kids attend the college of their choice.
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To save for retirement and make plans for future
Unexpected occurrences such as illness and disability can cause financial ruin for your family. It functions as a safety net and pays for expenses in unanticipated situations.
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To settle any debts you may owe
Your family may have financial hardships following your death as a result of your debts. Life insurance provides financial freedom to your family members by assisting them in paying off debts such as credit card bills and house loans. In case if you have multiple liabilities and want to cover the amount then you can opt of a 2 crore term insurance.
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To qualify for tax deductions** under the Income Tax Act
Under section 80C of the Income Tax Act, you can benefit from tax deductions of up to Rs 1.5 lakhs annually with the premiums you pay. You can also avail section 80d the premiums you pay for add-on riders.
...Read More
For financial security and peace of mind
Life insurance can provide you with a sense of calm by ensuring that your family is secure financially and does not need to worry about your debts. You can then live a confident and stress-free life.
...Read More
Who should buy life insurance?
Newly married people
Married couples need life insurance, especially if one partner depends on the other's income. It guarantees that the surviving spouse can continue to live comfortably and pay for things like household bills and the EMIs.
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Young parents
Having life insurance to cover your children's expenses in the event of your incapacity is essential if you have young children. The cover includes paying for regular bills, schooling, marriage, and additional costs associated with raising children.
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Individuals with financial liabilities
If you have a large amount of debt, such as a mortgage or student loan, life insurance can make sure that your family won't be left to deal with it after you pass away.
Also, if you are single and your dependents are dependent on your income, like ageing parents or older siblings, life insurance can give them the necessary financial support following your death. A 1 crore term insurance might be adequate enough for you to financially secure your family’s future.
...Read More
People about to get retired
Certain life insurance policies, such as whole life insurance plans or universal life insurance, can help you meet your financial objectives by giving you extra income during your golden years if you're planning for retirement and want to augment your retirement savings.
...Read More
What Happens When You Purchase Life Insurance?
When you buy a life insurance policy, you sign an agreement and pay a premium—either monthly or annually—to the insurance company on a regular basis for a predetermined amount of time.
The insurer will provide your dependents or loved ones with access to the assured sum in the event of your death. If you survive, you might be eligible for a maturity payment based on the terms and conditions.
It provides your family with financial security by acting as a cushion.
What to anticipate when buying a life insurance policy is as follows:
- Choosing a policy: You must first decide on the kind of life insurance policy you want, the amount of coverage you need, a term that best suits your needs, and the beneficiaries.
- Application: After that, you complete the required steps and fill out the application form. A medical examination might also be necessary to evaluate your health.
- Approval and payment: After that, you get the policy documentation and start making regular premium payments.
- Regular premium payment: Throughout the policy's term your main concern is making premium payments to maintain the status of your policy. Additionally, you are free to modify as needed.
- Maturity/Death: When the policy matures or the insured passes away, the insurer will pay the designated beneficiaries the death benefit or maturity amount.
Once you buy life insurance, here are the benefits which it will offer in your financial life:
- It lowers your tax burden
You should buy insurance if for no other reason than that you can deduct your premiums from your taxes.
- It will assist your family with debt repayment.
We never know what the future holds for us in life. Your family might have to deal with a car loan, credit card debt, or other loans if something were to happen to you. A life insurance policy's payout can assist your loved ones in paying off these debts.
Healthy individual.
- It can provide you assistance in achieving long-term goals.
You can invest modest sums that will add up over time to help you buy the house of your dreams or launch the business of your dreams, depending on the insurance plan you select.
- It offers a safety net for finances.
Being the breadwinner in the family, your loss will have a financial as well as emotional impact. Your family and loved ones will have a financial safety net to support them during their grieving process if you have good life insurance.
FAQ's about Life Insurance
1 What are the benefits of life insurance?
The biggest benefit of life insurance is that no matter your income level, life insurance ensures that your loved ones can make ends meet if you were to pass away.
Buying a life insurance policy at any stage in life gives you peace of mind. It offers a life cover that keeps you and your family protected in case of your unfortunate demise. The life insurance claim in the event of your death will help your family have a secure financial future, by paying for children's education, paying off debts and helping towards household expenses. The money you invest in life insurance is safe, and your family stands to gain from the benefits of insurance payouts in case of unforeseen circumstances.
Life insurance premiums are eligible for rebate for salaried persons to reduce their tax liability. Life insurance also gives you the benefit of taking a loan against the policy in certain cases. A life insurance policy will help you to plan your life goals, including your children's education, their marriages and your retirement corpus.
The riders available with your life insurance policy help you customise your plan and get maximum benefit.
There are different types of life insurance which help you reap the benefits of a secure future for yourself and your family.
2 What do you mean by life insurance?
It is a contract between a policyholder and the insurer wherein the insurer agrees to pay a certain sum of money in exchange for premiums upon death or maturity of the policy.
3 How to choose the right sum assured under life insurance?
It can be done by forecasting future earnings, making a note of future annual expenses, calculating the future costs of financial goals such as children's education and marriage, and adding liabilities. Or you can also multiply your annual income by 10 for a rough idea.
4 What are life insurance quotes?
You can find out the estimated cost of a potential policy with an insurance quote. It also contains other important details regarding the policy and the things that are covered.
Using the information on your insurance quote, you can determine that policy offers the best value by comparing it to quotes from other policies for the same or comparable coverage. If the policy is term life insurance, the term limits and coverage limits are usually included in life insurance quotes.
5 Who needs life insurance the most?
Anyone who has dependents to support and is an income earner for the household needs Life Insurance. Your loved ones who depend on your income would be negatively impacted by your untimely passing and the subsequent loss of income. A life insurance policy makes sure their financial future is protected through the payouts by the insurer in case of the insured person's death.
If you own a business, it helps to have life cover so that the business is not negatively impacted by your passing. It can help to sustain it by covering expenses and paying debts till your successor finds their feet in the business.
If you have taken loans during your lifetime, having a life cover will help your family to pay off your debts with the help of the payouts received against the insurance claim.
6 What are the types of life insurance plans?
In India, we have a variety of insurance plans to suit every need.
The simplest plans are Term insurance plans, in which there is a death benefit but no maturity benefits. In Term Insurance, the insurer promises to pay the beneficiaries a lump sum amount in the event of the insured person's death. Some Term insurance plans nowadays also offer to give back the premiums you pay on surviving the policy period; these are called Term insurance with return of premium plans.
Other life insurance plans in India include Endowment Insurance plans, Unit Linked Insurance Plans (ULIPs), Moneyback Insurance plans, Whole life insurance plans, Group life insurance, Child Insurance Plans and Retirement Insurance Plans.
7 What are the factors that affect life insurance premium?
The main factor influencing the life insurance premiums of a policyholder is their age. Younger persons are generally considered healthy and unlikely to contract illnesses or pass away suddenly; hence younger people attract lower insurance premiums.
Gender is another factor that determines the premium amount as proven scientific and statistical evidence points to women likely to live an average of 5 years more than men. Consequently, since women are perceived to avail of policies for a longer tenure, they can avail of lower premiums.
Medical records play a crucial factor in deciding the premium as well, since life insurance policies typically come with an underwriting process that includes a thorough medical exam of the policyholder. Any red flags concerning physical health and potential illnesses can have an impact on the amount of premium to be paid.
Family history is important as certain hereditary diseases could be passed on to the policyholder. The family's medical history plays a part in revealing these patterns and can influence the amount of premium.
Smoking and drinking, which are considered harmful to health and can impact your longevity, also influence the amount of premium to be paid. Professions and lifestyles can also impact the life insurance premium. Persons working in professions considered dangerous like mining, oil and gas and fisheries, and indulging in risk taking activities like mountaineering can attract higher premiums.
8 How do I file a life insurance claim?
Life insurance claims can be made either on death of the policyholder, on maturity of the policy or as a Rider claim. In case of death claim, the beneficiary who is the nominee of the policy should intimate about the claim to the insurer at the earliest by filling the intimation form which can be obtained from the nearest branch of the insurance company or can be downloaded from the website of the insurance company. Relevant documents like death certificate of the insured person, birth certificate of the insured person (for proof of age), the original policy document, and any other documents requested by the insurer should be provided.
The insurer is obliged to settle claims, once filed, within 30 days of receipt of all documents. In case further investigation is needed, the insurer gets six months to complete its procedures from the date of receiving written intimation of the claim.
If you are making a maturity claim, the insurer reaches out to the policyholder in advance with a bank discharge form, which the policy holder has to fill in and submit to the insurer along with the relevant documents requested.
In the case of rider claims, which are additional benefits accruing to policy holders for paying extra premium, duly filled claim forms and policy copies are to be submitted to the insurer. Different riders like Waiver of Premium and Critical Illness are settled through different means.
9 What types of death are not covered by life insurance?
While deaths due to accidents are covered by life insurance, there are certain exceptions. Accidental death if the insured is involved in any criminal activity or if death occurs due to intoxication or drugs are not covered by term life insurance plans. Accidental deaths while the insured was engaged in adventure sports like sky diving and bungee jumping are also not covered by such plans.
Death benefits for suicide are generally made at the discretion of insurance companies. Usually, beneficiaries are entitled to 80 per cent of amount accumulated from premiums paid in case of a non-linked plan, and 100 per cent in the case of a linked plan, if the insured dies by suicide within the initial 12 months.
Term insurance plans do not cover death occurring from self-inflicted injuries, or due to illnesses like sexually transmitted diseases like HIV/AIDS.
Death due to alcohol or drug abuse is also not covered by term plans, nor is homicide where the policy holder is murdered by the nominee for money. Death due to an existing illness that has not been disclosed at the time of purchasing the plan is also not covered by term life insurance plans. Death caused by natural disasters like tsunami, earthquake, floods etc is not covered by term insurance, unless the policy holder has opted for riders for that purpose.
10 What are the uses of life insurance?
It offers benefits like tax benefits, financial security, financial coverage for families, wealth creation, retirement planning, the accomplishment of future goals, and much more.
Learn more about Life Insurance Products
1 What are the 3 benefits of term insurance?
The premiums are reasonable, your family will be financially secure in the event of your death and you may even add coverage for critical illnesses and accidental deaths.
2 Is it good to have a term insurance plan?
It is possible for a family to achieve their financial goals as well as meet their day-to-day expenses by purchasing a term insurance policy. The dependants of the insured do not suffer financially if a term insurance of adequate life cover is in place. You can opt for the best term insurance plan for 1 crore to secure your family’s future against any uncertainty.
3 Is accidental death covered in term insurance?
Accidental death is covered by a term insurance policy. The sum assured on a term insurance policy will pay out no matter what the cause of death is, whether it is a result of a health issue or an accident.
4 What happens at the end of a term life policy?
When term life insurance plan expire, the policyholder does not have to take any action. A policyholder will be notified that the policy is no longer in effect; no premiums are payable, and no death benefits would be paid out.
5 What are the Death Benefits under Term life Insurance?
Death Benefits are paid to your dependents in a lump sum payment if you die unexpectedly. But few term insurance policies do provide a monthly income along with a lump sum amount to assist with regular expenses.
6 What is Term Insurance Premium?
This is the sum of money you pay the insurance company in exchange for financial security. A monthly, semi-annual, or annual premium payment can be made.
- Savings
- ULIP
- Retirement
- Child
1 What is a savings insurance plan?
A savings insurance plan is a type of insurance policy that allows you to invest for a financially secure future. These plans help you develop a disciplined habit of saving and aid to achieve your future goals. Crucially, they offer life coverage for the policyholder, securing the family’s financial future.
2 Why should you invest in a savings insurance plan?
If you are risk-averse but want to build a corpus for your future financial goals, a savings insurance plan like the HDFC Life Guaranteed Income Insurance Plan8 could be ideal. These policies offer life coverage, protecting your loved ones and providing them with financial support at a difficult time. Additionally, it helps you develop a disciplined saving scheme and builds up funds for your future.
3 What are the benefits of a savings insurance plan?
When you purchase a savings insurance policy like HDFC Life Sanchay Par Advantage9, you benefit from financial stability as it provides guaranteed returns to help you meet future expenses. The plan also offers life coverage for the policyholder, providing your loved ones with a financial safety net if anything happens to you. These plans are also eligible for tax savings under the Income Tax Act of 1961#.
4 What are the tax benefits of a savings insurance plan?
Savings insurance plans offer tax benefits under Section 80C# and Section 10(10D)# of the Income Tax Act. The premium amount is eligible for a deduction of up to Rs. 1, 50,000 per year from your taxable income under Section 80C#. Your premium should be less than 10% of the sum assured to be eligible for the tax benefit. Under Section 10(10D), the maturity and insurance benefits payable when the policy ends are tax-free.
5 Should I pick a long-term or short-term savings investment plan?
The savings investment plan term you select should depend on your goal. If you’re saving up for a short-term goal, such as a holiday abroad or home renovations, you can opt for a short-term plan. However, if you’re saving up to send your child to college, purchase a home, or for retirement, you should opt for a long-term plan.
6 Why choose a savings plan from HDFC Life?
HDFC Life offers steady returns and a competitive individual death claim settlement ratio, providing financial security to you and your loved ones. We offer multiple plans and customisable options, enabling you to find the ideal savings plan for your financial needs.
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
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जानिए हिंदी में
- टर्म इंश्योरेंस
- सेविंग और इन्वेस्टमेंट प्लान
- यूनिट लिंक्ड बीमा प्लान
- रिटायरमेंट - एन्युटी और पेंशन प्लान
- चाइल्ड इंश्योरेंस प्लान
- एन्युटी प्लान
- रिटायरमेंट प्लानिंग
- कैपिटल गारंटी प्लान
- 1 करोड़ का टर्म इंश्योरेंस
- 2 करोड़ का टर्म इंश्योरेंस
- यूलिप क्या है?
- लाइफ इंश्योरेंस प्लान
- एच डी एफ सी लाइफ संचय प्लस
- इन्वेस्टमेंट प्लान
- इन्वेस्टमेंट कैलकुलेटर
- गारंटीड रिटर्न इन्वेस्टमेंट प्लान
- टर्म इंश्योरेंस क्या है?
T&C*
1. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
2. This option can be exercised in any policy year greater than 30, but not during the last 5 policy years. This feature is not available if Life Goal or Return of Premium option is selected.
3. Sum Assured on Death, up to a maximum of Rs. 2 Cr. will be accelerated in case of diagnosis of terminal illness during the policy term. This feature is available till age 80 for Life and Life Plus option.
4. Guaranteed Benefit is paid on survival during policy term provided all due premiums are paid during the premium payment term.
7. Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options.
8. HDFC Life Guaranteed Income Insurance Plan UIN: 101N146V04. A Non-Linked, Non-Participating Individual Life Insurance Savings Plan.
9. HDFC Life Sanchay Par Advantage (UIN: 101N136V03), A Non-Linked Participating, Life Insurance Plan coverage is available in this product.
Provided all due premiums have been paid and the policy is in force.
This option is available for entry ages 50 to 60 years.
#Tax benefits are subject to conditions under Section 10 and other provisions of the Income Tax Act, 1961. Tax Laws are subject to change from time to time.
^~. Total Premiums Paid are the total of all the premiums received, excluding any extra premium, any rider premium and taxes. In case ROP option has been selected, Total Premiums Paid includes premium paid for base plan option and the additional premium paid for ROP option. This benefit is available under Life and Life Plus option only.
*. For more details on other plans, please visit product category page on the website:- www.hdfclife.com
** Tax benefits are subject to conditions under Sections 80C and other provisions of the Income Tax Act, 1961. Tax Laws are subject to change from time to time.
^^This product shall be withdrawn or modified on or before 30th September, 2024
ARN - ED/04/24/10755
