HDFC Life Wealth Elite

On maturity, you get an amount equal to the fund value. The plan offers liquidity by allowing partial withdrawals after completion of 5th policy year.

Fund Value as on Maturity date = NAV as on maturity date X Number of Units at maturity

You can avail your maturity benefit as lump sum or as settlement payout.

In case of an unfortunate demise of the policy holder, a lump sum amount is paid to the family:

Life Insurance cover amount = Higher of (10 to 20¹ times Annualized premium or Fund Value or 105% of the premiums paid)

Choose from 8 fund options with unlimited free switches

Automatic Asset Rebalancing Strategy: This feature automates the percentage of equity exposure your investments should have over the policy term- high in start of the policy and then gradually decreasing to conserve the fund value as you approach your goal on policy maturity.

Systematic Transfer Plan: This strategy ensures equity exposure in a systematic manner. Allocated Premium is invested in Individual Preserver Fund starting immediately and thereafter every month, pre-defined proportion of units is transferred from the Individual Preserver Fund in to the Individual Prime Equity Fund / Individual Midcap Fund.

Premium Allocation Charge (as a percentage of premium)

For annualized premium of ₹5 lakh and above, there are Zero allocation charges on first year premium. Thereafter a nominal charge is levied for subsequent years. Below is the premium wise charging structure:

Policy Administration Charges (as a percentage of premium)

Effective 6th policy year onwards, there are no policy administration charges except in policies which are discontinued.

The maximum policy administration charge is capped at ₹500 per month.

Fund Management Charge :

Fund Management Charge is a charge levied on a daily basis as a percentage of the value of assets held in the unit fund at the time of computation of the unit price. The Fund Management Charges applicable, at present, are as follows:

The Maximum Fund Management charge is capped at 1.35%.

Charges on Partial Withdrawal / Fund Switching / Re-direction: Nil

This plan offers tax benefits¹ on premiums paid under section 80C and on maturity amounts under section 10(10D).