RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Comparing Regular and Return of Premium Term Plans

down-arrow
January 24, 2019
Term Plans are becoming popular nowadays because they have 30-40% lower Premiums as compared to other insurance plans and has Return of Premiums (ROP) Plans for consumers who expect higher returns from their Insurance Plans.

These ROP Plans are Insurance Plans catered out to consumers who expect returns from them, which provide Death Benefits and the sum equivalent to paid premiums is returned on survival of the person insured of that fixed term.

There are many different customised ROP plans in market today that include choice of payment of premiums at once or throughout the term, Paid up Plans that cover for default on premiums after a fixed time with reduced but assured benefits, premium-free years in terms, accident and disability covers and paid add-ons to the policy.

There is also an option for consumers to opt under-writing plans instead. These under-writings are similar to Term Plans but more expensive and their premium also rises with eachadditional benefit taken upon them, but unlike Term Plans, benefits amount payable at death of the person insured or maturity of the plan, are higher.

However, Term Plans are more beneficial for consumers looking for returns because the difference in Premium amount paid, forgoes any interests earned or any benefits that could have been earned on them.

It is fixed investment for the term during which plans can change many times. A Unit-Linked Plan (ULIP) emerges as a better option in that scenario. Thus, in conclusion, Term Plans are better than ROP Plans for returns sought by a consumer.

Here are some Summary point which would help you understand difference between regular insurance plans and ROP plans

  1. Term Plans are becoming popular because theyhave 30-40% lower premiums and has ROP plans for consumers who expect higher returns from their Insurance Plans.
  2. ROP=Plan with death benefits, that returns the paid premium on survival of the person insured for that term.
  3. Different term insurance plans-Paid up plans, short term option, surrender benefits, and plans which also provide accident anddisability cover.

Here are few term insurance plans you can check if you are considering buying term insurance for yourself or your family. For further details, please visit : https://www.hdfclife.com

Related Articles

Buy Term Plans

Show Full Article
Hide Full Article

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

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.

LinkedIn profile
Author Profile Written By:
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.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

Preserving Your Investment: How New Tax Rules Affect Real Estate Sales Before 2024

Preserving Your Investment: How New Tax Rules Affect Real Estate Sales Before 2024

Discover how new tax rules affect real estate sales before 2024, impacting capital gains, deductions, and property transactions. Stay informed for smarter decisions.

Financial Freedom for Women Entrepreneurs: Unlocking Success with the 50-30-20 Strategy

Baby Steps to a Secure Future: Financial Planning and Wealth Management

Charting New Beginnings: Financial and Mental Well-being for Single Parents

Essential tips and strategies for enhancing both financial and mental well-being for single parents, empowering you to thrive and support your family.

Charting New Beginnings: Financial and Mental Well-being for Single Parents
Why to Buy Term Insurance under the MWP Act Previous
Everything You Need to Know About Gold Investment in India Next
HDFC life
HDFC life

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.

Popular Search

Popular Searches