Compare Investment and Savings Plans
Table of Content
With numerous insurance companies offering multiple investment plans, one must compare investment plans in India before finalizing the policy. One can opt for guaranteed income plan offering fixed payouts after a specific duration, or opt for investment funds that generate returns through diversified fund allocations. Read ahead and compare savings and investment plans of three HDFC Life products.
Compare Savings and Investment Plans by HDFC Life
HDFC Life Click 2 Invest ULIP Plan
Entry Age:
30 days to 65 years
Maturity Age:
18-75 years
Minimum Sum Assured:
One of the three:
7 times annualized premium if age of entry is greater than 55 years;
10 times annualized premium if age of entry is less than or equal to 55 years;
125% of Single Premium
Minimum Premium:
Rs. 1,000 monthly/ Rs. 3,000 quarterly/ Rs. 6,000 half-yearly/ Rs. 12,000 annual/ Rs. 24000 single
Minimum Maturity Benefits:
Fund value equivalent to No. of units policy holder's fund multiplied by the unit price prevailing at time of maturity.
Minimum Death Benefits:
Highest of Sum Assured, or Fund Value, or105% of all premiums paid
Accidental Death Benefit:
NA
Partial Withdrawal/Loans:
Allowed after completion of five years of the policy
Policy Term:
5-20 years
Payment Options:
Single Pay or Limited for 5/7/10 years or Regular for 5-20 years
Premium Frequency:
Quarterly/Half Yearly/Annual
80CCCTax Benefits:
Yes
10 (10D)Tax Benefits:
Yes
Fund Allocation:
Option of investing in a combination of funds with risk rating ranging from Low to Very High.
Click Here to Buy this Plan Online
HDFC Life Super Income Plan
Entry Age:
For policy term of:
16 years- 2-59 years.
18 years- 30 days to 57years
20 years- 30 days to 55 years
22 years- 30 days to 53 years
24 years- 30 days to 51 years
27 years- 30 days to 48 years
Maturity Age:
18-75 years
Minimum Sum Assured:
Rs. 1,28,337/-
Minimum Premium:
Rs. 2,000 monthly/ Rs. 6,000 quarterly/ Rs. 12,000 half-yearly/ Rs. 24,000 annual.
Minimum Maturity Benefits:
Depending on time of payout:
At end of each payout year- A fixed percentage of the sum assured as Guaranteed Base Income
At maturity: Last Guaranteed Base Income payout + Bonuses
Minimum Death Benefits:
In case of death during the term of the policy, the nominee will receive highest of Sum Assured on Death+ Bonuses, or 105% of all premiums paid Sum Assured on Death is the higher of
Maturity Sum Assured, or
10 times the annualized premium if entry age is less than or equal to 50 years
7 times the annualized premium if entry age is greater than 50 years.
Accidental Death Benefit:
NA
Partial Withdrawal/Loans:
Loan of 80% of surrender value allowed
Policy Term:
16-27 years
Payment Options:
Multiple Options
Premium payment for 8 years and payout period of 8 years
Premium payment for 8 years and payout period of 10 years
Premium payment for 10 years and payout period of 10 years
Premium payment for 10 years and payout period of 12 years
Premium payment for 12 years and payout period of 12 years
Premium payment for 12 years and payout period of 15 years
Premium Frequency:
Quarterly/Half Yearly/Annual
80CCCTax Benefits:
Yes
10 (10D)Tax Benefits:
Yes
Fund Allocation:
NA
Click Here to Buy this Plan Online
HDFC Life Super Savings Plan
Entry Age:
30 days to 60 years
Maturity Age:
18-75 years
Minimum Sum Assured:
Rs. 2,45,155
Minimum Premium:
Rs. 2,000 monthly/ Rs. 6,000 quarterly/ Rs. 12,000 half-yearly/ Rs. 24,000 annual
Minimum Maturity Benefits:
Sum assured + accrued simple reversionary bonuses, interim bonus, and terminal bonus.
Minimum Death Benefits:
Depending on time of death: Death during the term of the policy, the nominee will receive highest of:
Sum Assured, or
10 times the annualized premium, or 105% of all premiums paid
In case of death after the policy is fully paid-up, highest of
Paid-up sum assured, or
105% of all premiums paid
Accidental Death Benefit:
In case of accidental death of the life assured aged not less than 18 years on the date of death, an additional sum assured shall be paid over and above the policy's death benefit.
Partial Withdrawal/Loans:
Loan of 80% of surrender value allowed
Policy Term:
15-30 years
Payment Options:
Regular
Premium Frequency:
Quarterly/Half Yearly/Annual
80CCCTax Benefits:
Yes
10 (10D)Tax Benefits:
Yes
Fund Allocation:
Option of investing in a combination of funds with risk rating ranging from Low to Very High.
Click Here to Buy this Plan Online
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