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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
    "Useful Plan for the child education"
    0.5 4.0/5 "Great!"
    My life insurance was purchased from HDFC LIFC. When i purchased the credit card, they have approached me for the life insurance and its child plan hence the premium amount is automatically deducted from my account. I didn't compare this policy with other plan. Its a tax benefitable policy.
    Was this review helpful? 1
    , chennai
    Reviewed on Dec 05, 2019
  • HDFC Life
    HDFC Life Life Insurance
    "Better Policy"
    0.5 4.0/5 "Great!"
    I'm having a policy from HDFC LIFE. When I taken the home loan, they have provided me a life insurance policy hence I'm not aware of the policy details. I had done the payment for once, so it avails until the loan close. I have paid the premium amount of Rs. 2.5L which covers for 11 years.
    Was this review helpful? 0
    , navi mumbai
    Reviewed on Nov 25, 2019
  • HDFC Life Life Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    When i purchased the two wheeler loan, they have given me a additional life insurance policy from HDFC LIFE. This policy has a coverage value of Rs. 1 lakhs. I have paid the premium amount of Rs. 1300 which is a one shot payment covers for 3 years. They have sent the documents to my mail id.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 23, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have started life policy in HDFC LIFE 2years ago, am paying premium of 43K per year and the tenure is 15years. I did not remember the policy name. Am getting the statements within 5mins through my email address when I make the payment through online.
    Was this review helpful? 0
    , kochi
    Reviewed on Oct 19, 2019
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance on HDFC LIFE on 5 months before only. The policy is for 20 years. I am paying premium on monthly package the amount which is nominal. While getting a policy my agent has given an information about the policy details. My father has taken an insurance for me. Use to do payment through an online. It covers up to myself only.
    Was this review helpful? 0
    , amritsar
    Reviewed on Oct 17, 2019
  • HDFC Life Life Insurance
    "Better Policy"
    0.5 5.0/5 "Blown Away!"
    From my HDFC LIFE, i have taken my life insurance. The executive came to my place and informed me about the policy details and gave me some offer since it was good, i have selected them. I have been paying the premium amount of Rs. 2500 per month. The policy term is 15 years. I am not sure about the sum assured amount.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 10, 2019
  • HDFC Life Life Insurance
    "People more aware of their offerings &its better than others"
    0.5 4.0/5 "Great!"
    Basically I did not have any idea about the policy and it was just referred by a friend so have opted the policy, just for an investment perspective. I have received the insurance paper. Their executive explained me about the benefits. I pay 50K to 55K through online and tenure is 12 years.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Sep 18, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    HDFC LIFE is offering a good benefits and the charges are nominal when compared with other insurer so I took a term plan with them. They have explained me about benefits of the policy. They need some improvement on the customer service. I have paid 24K for a year.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Sep 03, 2019
  • HDFC Life Life Insurance
    "Average Policy"
    0.5 4.0/5 "Great!"
    Bought my money back policy from HDFC LIFE. Taken the policy in the year of 2016. Earlier i had a salary account with HDFC hence the manager is forcefully to take this policy. I am paying the premium amount of Rs. 25000 annually. I need to pay the premium for 5 years after 5 years there is a lockin period. I get the sum assured amount of Rs. 2.50 lakhs.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 27, 2019
  • HDFC Life Life Insurance
    "Quickest way to insure"
    0.5 5.0/5 "Blown Away!"
    Its very to take a policy through online from HDFC. The claim ratio is very nice hence i have chosen the HDFC LIFE. I'm satisfied with the coverage value of Rs. 50 lakhs. I have chosen the annual payments mode. They do have a partial disability cover is included.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 25, 2019
  • HDFC Life Life Insurance
    "Coverage for the premium is good"
    0.5 4.0/5 "Great!"
    Chosen my term insurance from HDFC LIFE. HDFC has better claim ratio thats the reason i opted the policy. I make the premium through online every time. I pay the premium amount of Rs. 6600. They have included with disability cover and accidental cover. The premium is less since i purchase the policy through online.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 16, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I took a term insurance with HDFC LIFE, I have compared with online site and found they are having good payment rates. The customer service is good. I am satisfied with the benefits. I am doing monthly premium of Rs.2000 and need to pay till 15 years. The payment mode is online.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 06, 2019
  • HDFC Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have a term insurance with HDFC LIFE because the benefits are too beneficial. I am paying 9,400 rupees for a year through net banking. The policy covers till the age of 85. The nominee would be getting a benefit of 75L. They have provide insurance documents on time.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 06, 2019
  • HDFC Life Life Insurance
    "Satisfied"
    0.5 4.0/5 "Great!"
    Recently I have purchased a super savings policy from HDFC LIFE. I need to pay the premium for 8 years and after that I will get a profit for every year. They will be providing 10K on monthly basis. I have taken a policy premium of 75K per year. The payment mode is cheque.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 02, 2019
  • HDFC Life Life Insurance
    "If you want save tax, purchase this policy"
    0.5 5.0/5 "Blown Away!"
    Bought my life insurance policy from HDFC LIFE. For the tax benefit purpose, i purchase this policy. I am not sure about the plan name. They will double the money in returns at the time maturity and its a long term plan. I pay the premium amount of Rs. 24000 annually.
    Was this review helpful? 0
    , new delhi
    Reviewed on Aug 01, 2019
  • HDFC Life Life Insurance
    "Excellent Plan"
    0.5 5.0/5 "Blown Away!"
    Bought my life insurance from HDFC LIFE. Every year i need to invest the money of Rs. 50000 for first five years. Next 5 years will be a lockin period. After 10 years, i get the money of Rs. 18000 every year for 5 years and at the time of maturity i get a sum assured amount of Rs. 10 lakhs. I bought this policy for daughter's future.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 31, 2019
  • HDFC Life Life Insurance
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    Actually I was looking for a investment plan with HDFC BANK and they have provided me a life insurance. I never asked them for a policy but still they provided me an opportunity then I researched and found the benefits are also good. I need to pay the premium of 30K half yearly through online.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 31, 2019
  • HDFC Life Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have chosen the life insurance policy from HDFC LIFE and the plan is Super Income. For the future salary purpose, i have selected the policy. In this policy, i need to pay the premium for first 10 years and the next years will be lockin period and after i can get a lumpsum amount or else i can convert into monthly payment. I pay the premium amount of Rs. 25000 per annum. They are providing the sum assured amount of Rs. 1.87 lakhs.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 30, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have taken the CHILDREN PLAN with the HDFC LIFE where the maturity period of the policy is for 15 years with the policy. The coverage is for self with the policy is for self added on that the benefit of the policy is in case of any incident happened will be getting the amount and after the maturity there is a sum assured.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 29, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the life insurance policy with HDFC LIFE and the maturity period of the policy is for 7 years but the premium have to pay for 5 years. The documents submitted through the offline. The sum assure value of the policy is for 5L. I got the hard copy too.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jul 27, 2019
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