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

Rate this Product

1800-266-9777 (All Days, from 9am to 9pm, Toll Free)
Email Icon
Calculate Premium Buy Now

Why HDFC Life Guaranteed Savings Plan?

An Individual Non-Linked Non-Participating Savings Life Insurance Plan

Why HDFC Life Guaranteed Savings Plan?
  • Pay once or pay for 5 or 7 years at a frequency of your choice.

  • Sum Assured on Death which is 1.25 times or 10 times the Single Premium for Single Pay Policies (as chosen by policyholder at inception) or 10 times the Annualized Premium3 for Limited Pay Policies.

  • Get guaranteed1 lump sum at maturity and also know the amount upfront.

  • Policy loan available.

  • No need to undergo medical examination.

  • Tax benefits as per prevailing tax laws2

  • Pay once or pay for 5 or 7 years at a frequency of your choice.

  • Sum Assured on Death which is 1.25 times or 10 times the Single Premium for Single Pay Policies (as chosen by policyholder at inception) or 10 times the Annualized Premium3 for Limited Pay Policies.

  • Get guaranteed1 lump sum at maturity and also know the amount upfront.

  • Policy loan available.

  • No need to undergo medical examination.

  • Tax benefits as per prevailing tax laws2

Why HDFC Life Guaranteed Savings Plan?

  1. Provided all the due premiums have been paid & the policy is in force.

  2. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

  3. Annualised Premium shall be the premium amount payable in a year excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.

  1. Provided all the due premiums have been paid & the policy is in force.

  2. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

  3. Annualised Premium shall be the premium amount payable in a year excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.

Your Plan. Your Benefits

Flexibility to choose your policy and premium payment terms.

Select your core objective for buying an insurance cover

  • Maturity Benefit
  • Death Benefit
  • Loan

Maturity Benefit

Heart-Icon Maturity Benefit

  • On survival, the life assured will be entitled to "Sum Assured on Maturity" once the policy matures at the end of policy term.It is based on the Premium Payment Term, Premium frequency and Premium amount.

    On payment of this benefit the Policy shall terminate and all other benefits shall cease.

  • Disclaimer:

    For complete details, please read the Product brochure.

Talk to an Advisor

Check Eligibility Criteria

Before buying HDFC Life Guaranteed Savings Plan

ELIGIBILITY CRITERIA

ELIGIBILITY

MINIMUM

MAXIMUM

Age at entry (last birthday)

8years1

Single Pay: 45 years

Limited Pay: 55 years

 

Age at maturity (last birthday)

18 years

Single Pay: 55 years

Limited Pay: 65 years

 

Premium payment Terms

Single Pay

Limited Pay: 5 Years

 

Single Pay

Limited Pay: 7 Years

 

Maturity Sum Assured(Single Premium)

₹ 10,000

 

₹ 25,00,000

 

Maturity Sum Assured (Regular Premium)

 

₹ 30,359

 

₹ 25,00,000

 

Maximum Sum Assured on Death

₹ 25,00,000

Policy Term

Single Pay: 5, 10 and 15 years
Limited Pay: 10 and 15 years 

 

1. Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest in the Life Assured on attainment of age 18 years.
Talk to Advisor

Not sure which insurance to buy?

Talk to an
Advisor right away

Talk to Advisor

We help you to choose best insurance plan based on your needs

Personal details

Years
Years

Financial details

₹
₹
₹

Your Required life cover to protect your family’s future is

₹ 0

Recommended plans for you

GET QUOTE
The values shown here are only for illustration. The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.

Have a question?

We’ll tell you everything you need to know about HDFC Life Guaranteed Savings Plan.

1 What is HDFC Life Guaranteed Savings Plan?

HDFC Life Guaranteed Savings Plan is An Individual Non-Linked Non-Participating Savings Life Insurance Plan where you get Guaranteed Lump Sum at Maturity provided all due Premium(s) are paid and Sum Assured on Death which is 1.25 times or 10 times the Single Premium for Single Pay Policies (as chosen by policyholder at inception) or 10 times the Annualised Premium for Limited Pay Policies.

2 What is the premium payment option?

You can just pay once or pay for 5 or 7 years at a frequency of your choice.

3 Do I need to undergo medical examination?

There is no need to undergo medical examination. Policy is issued on self-declaration of good health.

4 What is the Maturity Benefit?

On survival until the end of the Policy Term, provided all due premiums have been paid, you shall receive ‘Sum Assured on Maturity’ as a lump sum which is based on the Premium Payment Term, Premium frequency and Premium amount.

5 What is the Death Benefit?

In case of the Life Assured’s death during the policy term, the Nominee will receive the Death Benefit. 

The death benefit is 100% of Total Premium(s) paid1 if death is due to causes other than Accident during the waiting period of 90 days.

For Accidental Death during the waiting period of 90 days or death due to other causes2 post the waiting period of 90 days, the death benefit shall be highest of: 

  • 1.25 times or 10 times the Single Premium for Single Pay policies (as chosen by Policyholder at inception) / 10 times the Annualised Premium3 for Limited Pay policies
  • 105% of Total Premiums paid1
  • Sum Assured on Maturity
  • Any absolute amount assured to be paid on death, which is equal to the Sum Assured on Maturity


For death after the expiry of the Waiting Period, the Sum Assured on Death is highest of:

  • 1.25 times or 10 times the Single Premium for Single Pay policies (as chosen by policyholder at inception) / 10 times the Annualised Premium3 for Limited Pay policies
  • 105% of Total Premiums paid
  • Sum Assured on Maturity
  • Any absolute amount assured to be paid on death, which is equal to the Sum Assured on maturity

Upon payment of Death Benefit, the Policy shall terminate and No further benefits shall be payable


Disclaimer :

  1. Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.
  2. Accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means. Accidental Death means death by or due to a bodily Injury caused by an Accident, independent of all other causes of death. Accidental Death must be caused within 180 days of any bodily injury.
  3. Annualised Premium shall be the premium amount payable in a year excluding taxes, Rider premiums, Underwriting extra premiums and loadings for modal premiums. 


For complete details, please read the Product brochure

6 Is there Policy Loan available?

Policy loans will be available during the Policy Term subject to such terms and conditions as the Company may specify from time to time. Our current terms and conditions are stated below:

  • The loan amount will be subject to maximum 80% of the Surrender Value.
  • The current interest rate on loan is 9.5% p.a. The interest rate on loan shall be calculated as the Average Annualised 10-year benchmark G-Sec Yield (over last 6 months & rounded up to the nearest 50 bps) + 2%. The interest rate shall be reviewed half-yearly and any change in the interest rate shall be effective from 25th February and 25th August each year.
  • In case upon review the interest rate is revised, the same shall apply until next revision. The source of 10-year benchmark G-sec yield shall be RBI Negotiated Dealing System-Order Matching segment (NDS-OM). Any change in the methodology of calculation of interest rate shall be done with prior approval of the Authority.
  • Before any Benefits are paid out, loan outstanding together with the interest thereon will be deducted and the balance amount will be payable
  • An in-force or fully Paid-up policy shall not be foreclosed for non re-payment of loan.
VIEW MORE

Disclaimer

T&C*

*Premium amount calculated for a 35 years old male, Sum Assured on Maturity of  ₹ 32,650, Premium Payment Term of 5 years, Policy Term of 10 years, monthly premium frequency, exclusive of Applicable Taxes & Other Statutory Levies.

#Provided all due premiums have been paid and the policy is in force.

ARN: PP/10/24/16697