HDFC Life CSC Suraksha

HDFC Life CSC Suraksha is hassle free term insurance provided to the rural sector of the country it’s a plan that’s simple to understand provided through the Common Services Centre (CSC) channels. This is a low cost , making life insurance available to the rural sector at a very affordable price. To be able to take up this policy an individual needs to be between 18 - 55 years, with a minimum sum assured of Rs. 30, 000 and a maximum of Rs. 2,00,000. The will be very affordable with the annual premium amounting to Rs. 112/- only. The policy term can be for a period of 5 - 15 years, the policyholder will need to pay the premium for the entire term of the policy. The payments can be made on a yearly, half yearly, quarterly or monthly basis.

Features and advantages of HDFC Life CSC Suraksha plan: 

  1. With this term insurance plan the policyholder is protected for the entire term of the policy.
  2. The premiums are ensured to be low making it an affordable for the rural sector to take up the plan.
  3. The policy term is between 5 - 15 years of which the policyholder can choose the term he/she wishes, making it flexible.
  4. With a declaration that the policyholder is in good health, the processing and issuance is extremely simple and hassle-free.
  5. By taking up this policy the policyholder ensures the future of his/her family is secure with their future in good hands, and the policyholder remains fully ensured throughout the policy.
  6. In the case of sudden and unfortunate demise of the policyholder, the nominee will receive a lump sum payment.
  7. The policyholder will also receive tax benefits on the premiums paid under sections 80c of the Income Tax Act.

Eligibility criteria for this plan, HDFC Life CSC Suraksha plan:




18 - 55 years

Maturity age

23 - 60 years

Sum assured minimum

Rs. 30, 000

Sum assured maximum

Rs. 2, 00, 000

Premium paying term

Same as policy term

Policy term

5 - 15 years

Frequency of payment

Annually, half - yearly, quarterly, monthly

Minimum annual premium

Rs. 112

An example: 

Gautam Singh, a 28 year old farmer in rural Karnataka, decides to secure his family’s future in case of his demise and opts to take up a policy of 5 years for a sum assured of Rs. 1,00,000. With this policy he chooses to pay his premium yearly which is an amount of Rs. 500. Tragically Mr. Singh dies in an accident in the 3 year of his policy, his nominee will be paid a 105% of the total premiums paid as of the date of his demise, or the sum assured or 10 times the annualized premium, whichever is higher.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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