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Give your dreams the wings of progress with this savings plan
Simple issuance process1
Guaranteed additions on sum assured2
In built accidental benefit3
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Why HDFC Life Uday?
A Non-Linked, Participating, Life Insurance plan that gives guaranteed additions2 on sum assured
Limited premium payment period (8 or 10 years)
Bonuses may be declared at the end of each financial year
Tax benefits as per prevailing tax laws1
Limited premium payment period (8 or 10 years)
Bonuses may be declared at the end of each financial year
Tax benefits as per prevailing tax laws1
As per Income Tax Act, 1961. Tax Benefits are subject to changes in tax laws.
The Guaranteed Additions will accrue at the rate of 3% p.a. of Sum Assured on maturity during the first 5 policy years and are payable at maturity or death, whichever is earlier.
As per Income Tax Act, 1961. Tax Benefits are subject to changes in tax laws.
The Guaranteed Additions will accrue at the rate of 3% p.a. of Sum Assured on maturity during the first 5 policy years and are payable at maturity or death, whichever is earlier.
Bonus Declaration
Multiple ways to pay premiums online using Net Banking, Credit Card, Debit Card,
UPI, wallets, Bill Pay along with various offline and auto payment options
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Death Benefit
(Benefits for the nominee upon demise of policy holder)
Death Benefit
On death of the life assured during the policy term, provided all due premiums are paid, we would pay the highest of the following:
Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses (if declared) + Interim Bonus (if declared) + Terminal Bonus (if declared)
105% of Total Premiums paid1
Where, the Sum Assured on Death shall be the highest of:
Sum Assured on Maturity2
An absolute amount assured to be paid on death, which in this case, is equal to the Sum Assured on Maturity
10 times Annualized Premium for entry age up to 50 years and 7 times Annualized Premium for entry age greater than 50 years.
An additional benefit equal to 100% of 'Sum Assured on Death' will be payable in case of death due to an accident3
On payment of the maturity or death benefit, the policy will terminate with no further benefits are payable.
Disclaimer:
Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
Sum Assured on Maturity is the absolute amount of benefit guaranteed to be payable on maturity of the policy.
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. Accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means.
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Guaranteed Additions
(Increased value of your investments with added benefits)
Guaranteed Additions
The plan provides you with additional boosters in the form of Guaranteed Additions, provided the policy is in force.
The Guaranteed Additions will accrue at the rate of 3% of 'Sum Assured on maturity' during the first 5 years of the policy.
The Guaranteed Additions are payable at maturity or death, whichever is earlier.
In case of surrender, the surrender value of Guaranteed Additions will be payable.
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Bonus
(Additional benefits by way of bonuses)
Bonus
A Simple Reversionary bonus as a percentage of the “Sum Assured on Maturity” may be declared at the end of each financial year, and payable either on death or on maturity, whichever is earlier provided all due premiums are paid. The Reversionary Bonus is a discretionary benefit declared and would be declared keeping in mind a long term view of expected future experience.
In case of death or surrender during the inter-valuation period the policy will be eligible to receive the Interim Bonus based on the bonus rates declared by the company.
A Terminal Bonus may be added to your policy at maturity / death which enables the company to pay a fair share of the surplus at the end, based on the actual experience over the Policy Term and allowing for the Reversionary Bonuses already attached. As the Terminal Bonus depends on the actual experience, it is not a guaranteed benefit.
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Auto Cover Continuance
(Increased value of your investments with added benefits)
Auto Cover Continuance
Under this feature, for a reduced paid-up policy the full death benefit shall continue for a period of one year (Auto Cover Continuance period) from the date of first unpaid premium.
Auto Cover Continuance applies only to the basic death benefit and not to the additional accidental death benefit.
At the time of payment of death benefit during the Auto Cover Continuance period the due but unpaid premium shall not be deducted from the benefit payable. The basic death benefit payable during this one year shall be the higher of:
Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonus (if declared) + Interim Bonus (if declared) + Terminal Bonus (if declared)
105% of Total Premiums paid
The additional accidental death benefit shall be reduced to paid-up Sum Assured on Death.
The Guaranteed Additions and Reversionary Bonuses (if declared) accrued till due date of first unpaid premium shall become payable on death and no further Guaranteed Additions or Reversionary Bonus (if declared) shall accrue to the policy.
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High Sum Assured Rebate
(Discounts on high value purchase)
High Sum Assured Rebate
We offer rebate on the policies with sum assured on maturity of 2 lakhs & above.
The discount rate mentioned below is per 1,000 Sum Assured on Maturity:
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Check our Eligibility Criteria
Before buying HDFC Life Uday
ELIGIBILITY CRITERIA
Eligibility Criteria
Minimum
Maximum
ENTRY AGE
18 years
55 years
MATURITY AGE
30 years
70 years
SUM ASSURED ON MATURITY
₹ 28,465
No Limit subject to Broad approved underwriting policy
POLICY TERM
12 years
15 years
PREMIUM PAYING TERM
8 years
8 years or 10 years
All ages mentioned above are age last birthday. Risk cover starts from date of commencement of policy for all lives including minors.
In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years.
Customize your cover with these riders
Riders in insurance have an important part in contingency planning. A savings plan is incomplete without them.
HDFC Life Income Benefit on Accidental Disability Rider
UIN: 101B013V03
Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.
We help you to choose best insurance plan based on your needs
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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.
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Get a policy issued only on the basis of Declaration of Good Health (DOGH).
The Guaranteed Additions will be accrue at the rate of 3% p.a. of Sum Assured on maturity during the first 5 policy years and are payable at maturity or death, whichever is earlier.
Subject to terms, conditions and exclusions. For further details, please refer the product brochure or consult your Financial Consultant.