HDFC Life Secured Income Insurance Plus

In this plan, there is Death Benefit with Family Income Payout option

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

• 10 times the Annualized Premium
• Sum Assured

In this plan, death benefit is never less than 105% of the Total Premiums Paid.

Family Income Payout Option: You have the option to receive a part of the Death Benefit 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 Addition)

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: