HDFC Life Secured Income Insurance RP

In case of an unfortunate event, your family will be paid Guaranteed Death Benefit (GDB) amount along with the accumulated bonus in lump sum.

GDB amount will be higher of the following:
- Sum Assured
- 10 times the Annualized Premium¹

In this plan, Death Benefit is never lesser than 105% of the Total Premiums Paid²

Family Income Payout (FIP) Option: You have the option to receive a part of the GDB as Family Income Payout. In this case your family will receive 50% of the GDB amount along with the accumulated bonus as a lump sum amount. The remaining death benefit will be paid as monthly income spread over 60 months. Each monthly installment will be equal to 1% of GDB.

On maturity you get a tax free amount which is equal to sum assured and bonuses accumulated over the policy term. 

(Sum Assured + Vested Bonuses, (if declared) + Terminal Bonus, (if declared) + 10% of Sum Assured as Guaranteed Addition¹)

Based on your income and financial plan, you can choose to pay for limited numbers of years (5/8/10 years) while the plan continues for the chosen policy term.

These plans reward you with a premium discount if you pay higher premiums. The applicable premiums slabs and discount rates are mentioned below: