Why HDFC Life New Creating Life Insurance Plans is just right for you?
A non-linked Participating Individual Life Insurance Child Savings Plan
This plan is suited for those who want to build savings securely for their child’s career and want to ensure planned financial help for their loved ones in case of an unfortunate eventuality
Safeguard your child’s future even after you are not around
Provide financial security during the formative years of your child’s life
Provide an avenue for long term disciplined savings
Death Benefit with Family Income Payout
Waiver of Premium
Limited Pay Option
This plan is suited for those who want to build savings securely for their child’s career and want to ensure planned financial help for their loved ones in case of an unfortunate eventuality
Safeguard your child’s future even after you are not around
Provide financial security during the formative years of your child’s life
Provide an avenue for long term disciplined savings
Death Benefit with Family Income Payout
Waiver of Premium
Limited Pay Option
Your Plan. Your Benefits
View the benefits available for you
- Plan options
- Death Benefit
- Waiver of Premium
- Flexibility
- Discount
- Option for Enhanced Protection
- Tax Benefits
Plan options
Plan options
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These plans are designed to offer financial security for your children’s goals, even if you are not there. Under this bouquet, you can choose from two plans:
- HDFC Life New Creating Life Plus : A plan in which by paying for just few years, you ensure that on policy maturity, your child gets sum assured with 10% guaranteed addition along with accrued bonuses, if any. In case of any unfortunate event, all future premiums are waived off and your family can receive Death Benefit not only in lump sum but also as income for family for 60 months.
- HDFC Life New Creating Life Regular Pay: A plan in which you pay regularly over the full policy term and ensure your child gets sum assured along with accrued bonuses, if any. In case of any unfortunate event, all future premiums are waived off and your family can receive Death Benefit not only in lump sum but also as income for family for 60 months.
Check Eligibility Criteria
ELIGIBILITY CRITERIA
Feature |
HDFC Life New Creating Life Insurance Plus |
HDFC Life New Creating Life Insurance Regular Pay |
Minimum / Maximum Age at Entry (Parent) |
18 Years – 45 Years |
18 Years – 45 Years |
Maximum Age at Maturity (Parent) |
60 Years |
60 Years |
Minimum / Maximum Age at Entry (Child) |
0 Years – 17 Years |
0 Years – 17 Years |
Premium Paying Term (PPT) |
5, 8 or 10 Years |
15 - 25 Years |
|
For PPT 5 Years: 10 – 20 Years |
Equal to PPT |
Minimum Annual Premium (₹) |
For PPT 5 Years: ₹ 50,000 p.a. For PPT 8 Years: ₹ 30,000 p.a. For PPT 10 Years: ₹ 25,000 p.a. |
₹ 15,000 p.a. |
Waiver of Premium |
Yes |
Yes |
Modes of Premium payment |
Annual, Monthly |
Annual, Monthly |
Guaranteed addition of 10% of Sum Assured on maturity |
Yes |
No |
Customise your cover these riders
Riders in insurance have an important part in contingency planning. Top up your Saving Plan with them.
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HDFC Life Term Rider
UIN: 101B019V01
We pay a lump sum amount equal to the Rider Sum Assured on Death is paid and the rider cover ceases.
DOWNLOAD -
HDFC Life Critical Illness Rider
UIN: 101B018V01
We pay one-time lump sum benefit if diagnosed with of any of the specified critical illnesses.
DOWNLOAD -
HDFC Life Accidental Death Disability and Dismemberment Benefit Rider
UIN: 101B017V01
We pay additional lump sum amount in case of Accidental Death, Disability or Dismemberment
DOWNLOAD
ARN: EU/07/22/28268