Bankbazaar

HDFC Life Smart Woman Plan

Overview

The woman of today is strong, independant, and hard working. And the helps these women to set free the aspirations and dreams. This is a unit-linked insurance plan meant only for women. It’s designed especially for women to insure the lives of women and provides them cover against pregnancy complications, and other related problems for women. Since this is a ULIP, any risk factors have to be taken up by the policyholder.

The Eligibility for The Smart Woman Plan is:

Particulars

Minimum

Maximum

Entry age of the proposer

18 years

-

Entry age of the female to be insured

18 years

45 years

Entry age of the spouse for the elite option

21 years

50 years

Maturity age of the female to be insured

28 years

60 years

Risk cessation age of spouse for the elite option

31 years

60 years

The Sum Assured Needs to be as Mentioned Below:

Particulars

Age

Minimum

Maximum

Sum assured

Less than 45 years

10 times the annual premium

40 times the annual premium

Sum assured

equal to 45 years

7 times the annual premium

40 times the annual premium

The policy can be taken for a term of either 10 or 15 years with an annual premium amount of Rs. 24, 000 - Rs. 1, 00, 000.

The Key Features of the HDFC Life Smart Woman Plan are:

  1. This is a ULIP designed exclusively for women.
  2. This plan has 4 different fund options to choose from:
    1. Income Fund - which has high returns with higher duration and credit exposure.
    2. Balanced Fund - a dynamic exposure to equity that enhances your returns. It also reduces your investment volatility with debt allocation.
    3. Blue chip Fund - with this fund your investment can be made in large cap equities
    4. Opportunities Fund - with this fund you can make your investment in mid cap equities.
  3. The sum assured goes up to 40 times the annual premium
  4. This plan is easy to purchase, and can be bought online.
  5. You can choose the flexibility of 3 different benefit options:
    1. Death of spouse (with the Elite option)
    2. Diagnosis of malignant cancer specifically for female organs.
    3. Pregnancy complications or any congenital disorders due to childbirth.
  6. You can also choose the policy term between 10 or 15 years.

The Advantages or Benefits of the Smart Woman Plan:

This plan has 3 different benefit options, they are Classic, Premier, and Elite. Each of these options are unique to suit your needs.

  1. Classic - under this benefit option the policyholder can get a premium waiver with funding for the next 3 years.
  2. Premier - with this benefit, the policyholder get not only premium waivers with funding for the next 3 years, she will also get periodic cash payouts of a 100% of the next 3 years premiums.
  3. Elite - This option is a combination of premier wherein the policyholder get not only premium waivers with funding for the next 3 years, she will also get periodic cash payouts of a 100% of the next 3 years premiums. And will also of the policyholder's spouse.
  4. You can get periodic cash payouts with the Elite and Premier benefit option
  5. Premium paying can be done through various modes such as,cash, credit card, internet banking, cheque, auto debit facility.
  6. The policyholder can enjoy tax benefits, under section 80C and section 10 (10D)
  7. There is a partial withdrawal facility available with this plan. These withdrawals will be available only after 5 years of the policy. The minimum amount to be withdrawn is Rs. 10, 000.
  8. Maturity benefit - the fund value will get paid to the policyholder and all risk covers will get terminated. On maturity the company will offer you a settlement options as well wherein you can take the fund value on an installment basis for a period of 5 years.
  9. Revival of the policy can be done within 2 years of the discontinuance of payment of premium.
  10. The plan also offers you special benefits such as:
    1. Withdrawal and switch charges waived: When the policyholder becomes a mother, up to 12 withdrawals are waived to make her financially secure
    2. The policyholder will receive an enhanced allocation rate of a 102.5% from the 11th year of the policy.

How Does the Smart Woman Plan Work?

In the beginning of the HDFC women policy, the sum assured, regular premium, policy term, benefit options, and the fund option for investment are selected by the policyholder. The investments made into the funds will be the premiums - any policy charges. On the maturity of the policy, she will receive the accumulated fund value. When some specific event occurs in the life of the policyholder such as:

Birth of a child with congenital disorder, or pregnancy complications. Cancer diagnosis of female organs, or death of a spouse. The benefits of each option chosen in the plan offers the benefit payout options as chosen earlier.

 

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

 4.0 / 5.0   by 1314 users
Used this product? Write a review >>

Plan Benefits

Payment Options

Policy Coverage

Customer Service

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

HDFC Life Smart Woman Plan Reviews

Page 1 of 50 1 2 3 4 5
  • 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
    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
  • HDFC Life Life Insurance
    "Need to provide correct details "
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in HDFC LIFE on 2 years before. The policy is for 10 years and other 10 years for maturity. I am paying premium in the yearly package. While getting a policy my agent has not given an information about the policy details at an initial they stated offers later that offers are not listed in the benefits. I use to do payment through an online.
    Was this review helpful? 0
    , pune
    Reviewed on Jul 26, 2019
  • HDFC Life Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    Yearly once I'm paying the premium for my life insurance. My cousin is working in HDFC hence i have taken the policy. I'm satisfied with the sum assured amount. I make the premium through online. I have a HDFC corporate account hence its easy to pay.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 26, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    TERM PLAN using from last few years, the documents submitted through the online as well as the offline process. The premium paying for 6 months, coverage is for self. There is no coverage apart from this. The customer support is good and responsive.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 22, 2019
  • HDFC Life Life Insurance
    "Need to decrease charges"
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in HDFC LIFE on 10 days before only. The policy for 12 years.I am paying premium in the monthly package. While getting a policy my agent has given an information about the policy details. They detect amount from my credit card for the payment.Charges are high. EMI is only 945 told at an initial then later it was for 1276 EMI charges per month.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 21, 2019
  • HDFC Life Life Insurance
    "Good for family protection"
    0.5 5.0/5 "Blown Away!"
    I have term plan with HDFC life, I have chosen the sum assured of Rs. 75 lakhs it has the duration of 50 years, life cover is upto 75 years. I make the premium around Rs. 800 per month, it has tax cover, critical illness, waiver on premium at disability. Cancer and Heart attack cover is also there.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2019
Common Loader Icon
Page 1 of 50 1 2 3 4 5
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.