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HDFC Life Insurance Investment Plans

In this day and age of rising prices, you can never be certain of meeting your financial needs in the future. That inflation eats into your savings and purchasing power, thereby increasing your financial requirements is a given. Nevertheless, insurance is a relatively safe financial instrument to secure your future to the extent that you can, based on your current finances and future needs.

You would not want to compromise on your family’s well-being in the event of an untoward incident and would, therefore, do well to opt for investment plans for both short-term and long-term financial goals. Savings and investment plans offer lump sum funds to meet your future expenses. Several insurance companies including offer a wide range of savings and investment plans.

Why HDFC Life Investment Plans?

HDFC offers a wide range of savings and investment plans with varying features and benefits to suit your requirements. You can avail of several benefits to ensure that your funds are growing. The plans pave way towards a more systematic approach to investment so you achieve your financial goals without any hassles.

The company offers differing types of investment options which have been highlighted below:

HDFC Life Click2 Invest

An online Unit-Linked plan, this plan provides market-linked returns and includes minimal charges to provide for your family.

Benefits
  • On survival till the end of policy term, fund value will be paid as maturity benefit.
  • In case of death of the life assured, the nominee will be paid the highest of the Fund value, Sum assured and 105% of the premium(s) paid.

HDFC Life Sanchay

This is a non-participating limited premium endowment plan. It provides guaranteed benefits with flexibility to choose your investment options.

Benefits
  • Provides guaranteed maturity benefits.
  • Offers limited premium paying term of 5, 8 or 10 years.
  • Provides flexibility to choose a policy term ranging from 15 to 25 years.
  • This plan also offers flexibility to choose the premium payment frequency

HDFC Life Sampoorn Samridhi Plus ">HDFC Life Super Income Plan

It is a regular income plan with guaranteed benefits and bonuses.

Benefits
  • Guaranteed Base Income (GBI) payouts (8.0% to 12.5% of the Sum Assured) every year.
  • Offers maturity payout , sum of the last guaranteed payout and accrued bonuses.
  • through the premium payment term and payout period.
  • Offers tax benefit under section 80C and 10(10D).

HDFC Life Sampoorn Samridhi Plus

This is an endowment plan which helps you to provide for your family needs.

Benefits
  • Lump sum amount payable at the end of policy term.
  • Lump sum payable at the end of policy term plus Sum Assured till 100 years or death, whichever is earlier.

HDFC SL Crest

A savings-cum-insurance unit-linked plan which offers limited premium paying term.

Benefits
  • For a limited term of 5 years, consumers have a coverage for 10 years.
  • Consumers can invest in four funds offering different levels of risks and returns.

HDFC Life ClassicAssure Plus

Under this plan, customers can pay premiums either annually, half-yearly, quarterly or monthly depending on your requirements.

Benefits
  • Customers can avail of loans under this plan.
  • Enjoy tax benefits under sections 80C and 10(10D) of Income Tax Act, 1961.

HDFC Life Super Savings Plan

This is a super plan which helps you pave way towards better financial coverage.

Benefits
  • On maturity, get the chosen sum assured and accrued bonuses.
  • Customers can choose a policy term ranging from 15 to 30 years.
  • Enhance your maturity benefits with reversionary bonus and terminal bonus.

HDFC Life ProGrowth Plus

Under , customers are offered two plan options- Life and extra life option.

Benefits
  • Additional sum assured on death by accident.
  • Flexibility of formulating investment strategies.
  • Tax benefits under sections 80C and 10(10D) of Income Tax Act, 1961.

HDFC SL ProGrowth Super II

It is a unit-linked savings-cum-insurance plan which helps you provide for your family in times of need.

Benefits
  • Flexibility to change investment options.
  • Additional Sum assured on death by accident, disability and critical illness.
  • Tax benefits under section 80C and 10(10D) of the Income Tax Act, 1961.

HDFC SL ProGrowth Flexi

A savings-cum-insurance unit-linked plan (ULIP) which helps you to provide financial security to your loved ones.

Benefits
  • In the event of death, higher of the Sum Assured or total fund value will be paid
  • Opt for fund value at the prevailing unit prices or settlement option.
  • Flexibility to shift funds or future premiums to different categories
  • Tax benefits under sections 80C and 10(10D)

HDFC Life Invest Wise Plan

A single premium unit-linked insurance plan which helps you build savings over a period of time.

Benefits
  • Flexibility to invest in any of 4 non-guaranteed funds and switch funds.
  • In the event of the death of the life assured, higher of the Fund value or Sum Assured or 105% of premiums paid will be paid to the nominee.
  • Tax benefits under sections 80C and 10(10D) of the Income Tax Act 1961.

HDFC SL ProGrowth Maximiser

This is a single premium unit-linked plan which provides insurance coverage for a shorter horizon.

Benefits
  • Single premium plan which provides coverage for 10 years.
  • Customers can invest in four fund options and switch funds.
  • Flexibility to invest in additional single premium top-ups.
  • Tax benefits under sections 80C and 10(10D) of the Income Tax Act 1961.
Example

Seven years ago, Soumya, a 30-year-old HR executive had opted for a HDFC Life Super Savings Plan (regular premium endowment plan) and choose a policy term of 15 years. Owing to her accidental death, her nominee got an additional sum assured.

Useful Tips

Customers would do well to calculate the life cover or the sum assured in addition to analyzing several parameters such as income, dependents, debts, liabilities and so forth. Whether it is an endowment plan, term plan or unit-linked plan among others, you should opt for a life cover which best suites your requirements. You can also compare benefits offered by different insurance plans offered by HDFC to understand where you fit in and thereby make an informed decision.

One would do well to review one’s investment goals to zero in on the types of savings and investments plans most suitable. Several factors such as the timeframes, risk appetite, financial status and tax position among others should be considered before opting for any savings and investment plan. Also, the level of product charges and the rate of returns should also be looked into to make a proper assessment of your objectives.

Other HDFC Life Insurance Plans

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

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HDFC Life Insurance Investment Plans Reviews

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  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am using the life insurance policy with HDFC LIFE since from last 5 years where the maturity period of the policy is for 7 years with the policy. The premium paying for monthly once as 2000 rupees. The executive has explained the details of the policy also i have received the hard copy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 13, 2019
  • HDFC Life
    HDFC Life Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    Since i have a salary with HDFC i have chosen the HDFC LIFE for my accidental insurance. I'm not sure about the premium amount and they have provided me a coverage amount of Rs. 5 lakhs and i used to visit their branch to renew the policy. I do not have any claim experience
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 13, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the term plan since from last 3 years with HDFC LIFE, the documentation process was done through online, the premium paying was through the yearly once through online. It give the coverage for self. The are no benefits provided with the policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 10, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have purchased the TERM PLAN with the HDFC LIFE where i have been using t since from last 3 years. The premium paying was for yearly once with the policy added on that the executive explained the details of the policy and given the hard copy too of the policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 10, 2019
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in HDFC LIFE on 6 months before. The policy is for 45 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents as well. I use to do payments through an online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 09, 2019
  • HDFC Life Life Insurance
    "Need to improve customer service"
    0.5 2.0/5 "Expected more"
    I have taken a life insurance in HDFC LIFE before 8 years ago. The policy is for 10 years. I am paying premium in the monthly package. While getting a policy my agent has not given proper information about the details hidden policy has not update in proper. I use to do payments through an online.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jul 08, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have purchased the life insurance policy with HDFC LIFE and the maturity period of this policy is for 10 years and i am using the card since from last 2 years. The premium paying for yearly once added on that the policy coverage is for family.
    Was this review helpful? 0
    , jamnagar
    Reviewed on Jul 05, 2019
  • HDFC Life Life Insurance
    "Good benefits"
    0.5 5.0/5 "Blown Away!"
    I have taken a term plan with HDFC Life. The benefit of this policy is for my nominee. The process to buy the policy online was smooth and easy. It is till the age of 65 years. The sum assured is for 25 lakhs. The premium is not that costly. I pay in annually online.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Jun 28, 2019
  • HDFC Life Life Insurance
    "AVERAGE"
    0.5 3.0/5 "Satisfactory"
    I am using from last one month and done the documentation process through online but i have not received any of copies through hard copy also the mail is not clear. The name of the pension plan and it has the maturity period of 60 years. The premium paid at the beginning it gives for self.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 27, 2019
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in HDFC LIFE . The policy is for 15 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and also provided hard copy documents as well. I use to do payment through an online.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Jun 24, 2019
  • HDFC Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I am satisfied with HDFC Banking service so I took a life insurance with HDFC Life. The policy coverage is 6L but need to increase more. I am paying yearly premium through online and its very easy for me. I did the policy in 20years and need to pay till the age of 45. I got the insurance paper online and also through courier.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jun 24, 2019
  • HDFC Life Life Insurance
    "Unhappy with the service"
    0.5 2.0/5 "Expected more"
    I purchased another ULIP policy from HDFC Life. I had to pay a premium on a yearly basis. After I bought the policy, I did not get much of benefits. There were a lot of charges as well, so I surrendered the policy. To surrender the policy I had to visit the bank and give a canceled cheque and got back my investment.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 23, 2019
  • HDFC Life Life Insurance
    "Average"
    0.5 3.0/5 "Satisfactory"
    I have taken a ULIP policy from HDFC Life. I am satisfied with this policy benefits. I bought this policy online. I pay a premium on a monthly basis. There is a lock in period of three years. The payments can be done online. In all no hassles with policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 23, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the ACCIDENTAL POLICY with HDFC LIFE since from last 2 years. The premium paying was 800 rupees where the claim amount was 20L in this loan. There is a policy coverage for death, the coverage is for self in this policy. The overall experience was good.
    Was this review helpful? 0
    , delhi
    Reviewed on Jun 22, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    Every year, I need to pay 7200 rupees to HDFC Life renew the policy. I got a self accidental policy through IDFC Bank. They will be providing the insured value of 50L. HDFC Ergo has sent the insurance paper on time. I have paid the first payment via online and then enabled automatic debit. The customer service is very good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 21, 2019
  • HDFC Life Life Insurance
    "Customer friendly"
    0.5 5.0/5 "Blown Away!"
    I took a policy called Super Income policy from HDFC Life before 3years, they have informed me many benefits but I don't recollect now. If I pay 30K for 8yearrs then I will be getting the premium and plus return on 16 years. Its a worthable policy, Am paying the premium through online. The payment mode is convenient. I got the insurance paper.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 18, 2019
  • HDFC Life Life Insurance
    "Average service"
    0.5 3.0/5 "Satisfactory"
    I have holding one life insurance policy with Life insurance corporation of India from long time, the agent had clearly explain me about the plan benefits and policy coverage, the premium amount i use to pay one time it self to the agent now i do not want to pay any more.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 18, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have taken a term insurance in HDFC LIFE. The policy is for more than 50 years. I am paying premium in the annual package. Through an online I have came to know about all the policy details. I use to do payments through an online. This policy covers up to myself.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 18, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have taken the MONEY BACK policy with HDFC LIFE and using from last one year. The policy coverage is for self added on that the policy maturity period is fir self, i have got no cash backs so far with this policy. Premium paying for yearly once.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • HDFC Life Life Insurance
    "EXCELLENT"
    0.5 5.0/5 "Blown Away!"
    TERM plan that i am using with the HDFC LIFE since from last 2 months. It gives the coverage of the critical illness and also accidental death coverage and permanent disability also there is no need of paying for these coverage. The coverage for self, premium paying for yearly once of 11500 rupees approximately.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 12, 2019
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