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Compare Investment and Savings Plans
November 04, 2016

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:

    1. 7 times annualized premium if age of entry is greater than 55 years;

    2. 10 times annualized premium if age of entry is less than or equal to 55 years;

    3. 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:

    1. 16 years- 2-59 years.

    2. 18 years- 30 days to 57years

    3. 20 years- 30 days to 55 years

    4. 22 years- 30 days to 53 years

    5. 24 years- 30 days to 51 years

    6. 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:

    1. At end of each payout year- A fixed percentage of the sum assured as Guaranteed Base Income

    2. 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

    1. Maturity Sum Assured, or

    2. 10 times the annualized premium if entry age is less than or equal to 50 years

    3. 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

    1. Premium payment for 8 years and payout period of 8 years

    2. Premium payment for 8 years and payout period of 10 years

    3. Premium payment for 10 years and payout period of 10 years

    4. Premium payment for 10 years and payout period of 12 years

    5. Premium payment for 12 years and payout period of 12 years

    6. 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:

    1. Sum Assured, or

    2. 10 times the annualized premium, or 105% of all premiums paid

    In case of death after the policy is fully paid-up, highest of

    1. Paid-up sum assured, or

    2. 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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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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