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  • HDFC Life Insurance Investment Plans

    HDFC Life Insurance

    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 HDFC Life 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 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.
    • Provides cover in the event of death 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 this plan, 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

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