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HDFC Life Smart Woman Plan

Overview

The woman of today is strong, independant, and hard working. And the HDFC Life Smart Woman Plan 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 cover the death 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 1236 users
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HDFC Life Smart Woman Plan Reviews

Page 1 of 50 1 2 3 4 5
  • HDFC Life Life Insurance
    "Satisfactory policy"
    0.5 4.0/5 "Great!"
    I have taken the life insurance of 30L which has addon benefits of critical illness and accidental. I have chosen HDFC LIFE after doing online comparison because the premium is less and the tenure is 15 years but I need to pay only for 10 years and remaining 5 years will be paid by the insurer. The policy was started 3 months back with the monthly premium of 1600 rupees. The customer service is good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 22, 2019
  • HDFC Life Life Insurance
    "Double benefit plan"
    0.5 5.0/5 "Blown Away!"
    I have ULIP it has the locking period of five years, I used to make the premium around Rs. 1 lakh, it get matured after 23 years. I have been with them around three years , they do have tax saving, financial security feature. I have activated ecs for making the payment.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Apr 20, 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 selected Rs. 1 crore. Yearly I pay Rs.29,000 to the insurer it has the duration of 25 years. They will be providing the lump sum amount to the nominees and second thing they give Rs.50,000 on monthly basis. They disclosed all the terms and condition to me.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Apr 20, 2019
  • HDFC Life Life Insurance
    "Good Insurance company"
    0.5 5.0/5 "Blown Away!"
    I took term plan from HDFC Life, by paying the premium Rs. 16,000 on yearly basis it has sum assured of Rs . 50 lakhs. The lump sum amount paid to the nominee in certain demise, I make the payment through ecs. There is a critical illness cover along with waiver option.
    Was this review helpful? 0
    , kadapa
    Reviewed on Apr 20, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am having the life insurance policy with the HDFC LIFE and holding it around from last 10 years. The documentation process was simple and good. The maturity period of this policy is for long term and the coverage is for family. The premium paying for yearly once.
    Was this review helpful? 0
    , indore
    Reviewed on Apr 19, 2019
  • HDFC Life Life Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken the Term Insurance Policy from them a long time back and the premium had been paying on an annual basis. The premium amount has not been high and the payment method is also high. The policy coverage and the plan benefits with the policy is also pretty good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Apr 17, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using from last 8 months the life insurance policy with the HDFC LIFE and the premium i pay for monthly once through the credit card. The policy coverage is for family and self. The maturity is for 3 years with this insurance policy. The customer service is good.
    Was this review helpful? 0
    , mumbai
    Reviewed on Apr 17, 2019
  • HDFC Life Life Insurance
    "Good for family protection"
    0.5 5.0/5 "Blown Away!"
    I took personal accidental policy from HDFC Life based on the credit card, last time I paid the premium around Rs. 7000 for 25 lakhs of sum assured its a pure term plan. They give the critical illness if some thing happens to me, they give weekly Rs. 5000 for the treatment. For any certain demise my nominee will be getting the lump sum amount. They took premium from the credit card and converted into emi.
    Was this review helpful? 0
    , chennai
    Reviewed on Apr 17, 2019
  • HDFC Life Life Insurance
    "EXCELLENT"
    0.5 5.0/5 "Blown Away!"
    I am having the life insurance policy with the HDFC LIFE the premium for this policy paying for monthly once added on that there are no issues with this insurance policy. The maturity period of this policy is for long term, the documentation process was smooth.
    Was this review helpful? 0
    , mumbai
    Reviewed on Apr 15, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased the ACCIDENTAL POLICY with the HDFC LIFE where i have been using it since from last 2 years and above. The premium paying was approximately 8k, they provide the coverage upto 20L with this policy. If admitted in hospital can claim for accidents.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 12, 2019
  • HDFC Life Life Insurance
    "All types of risk covered "
    0.5 5.0/5 "Blown Away!"
    This HDFC plan covers all types of risk protection in the future . On annual basis , I need to pay an amount of Rs 3000 /- for next 10 years . So that , I will get an amount of Rs 5 lakh in return . It isa two in one policy .Where I can use it for tax exemption also .
    Was this review helpful? 0
    , secunderabad
    Reviewed on Apr 08, 2019
  • HDFC Life Life Insurance
    "Good Risk protection cover"
    0.5 5.0/5 "Blown Away!"
    Once upon a time in 2012 , HDFC offered me a Impressive offer in life protection policy . I can pay one time payment of Rs 1 lakh 25 thousand for a sum assured of 1 crore . It is completely going to secure my life during risk events like Road accidental death , fire accident .
    Was this review helpful? 0
    , secunderabad
    Reviewed on Apr 04, 2019
  • HDFC Life Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    I have taken super plus saving plan from HDFC LIFE and need to pay premium yearly 52K for 8 years, The benefits are good and one person has referred this policy to me. The customer service is not upto the mark and they need to improve on. After maturity will be getting good amount.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 03, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have been using the life insurance policy with the HDFC LIFE since from last few months and i got this insurance because i have taken the loan. It has the short term policy of 20 years and the policy coverage is for self with this insurance policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Apr 01, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    HDFC LIFE is the life insurance provider where i have taken the EULIP policy and the maturity period is this policy is for 20 years and i am using it since from last one year. Premium i am 12K yearly once and the policy coverage is for self with this policy.
    Was this review helpful? 0
    , pune
    Reviewed on Apr 01, 2019
  • HDFC Life Life Insurance
    "Safe and secured investment"
    0.5 4.0/5 "Great!"
    I have different plans with HDFC life called guaranteer plan it has good life coverage and tax benefits. The premium is very reasonable, but it doesn't have the critical illness benefits, the people are friendly I used to get the reminder about the premium.
    Was this review helpful? 0
    , kolkata
    Reviewed on Mar 30, 2019
  • HDFC Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    My colleague works in HDFC Life so he guided me to take the policy even I work for Apollo Munich Health insurance. I did not research about the benefits, Its a short term and long term policy. Am paying premium was around 50K per annum through online. They send a executive if I have any query.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Mar 28, 2019
  • HDFC Life Life Insurance
    "Not satisfied"
    0.5 2.0/5 "Expected more"
    I had been applied life insurance with HDFC life recently for my wife,but i did not found comfortable in getting this process,like they use to ask all unnecessary documents which i did not found relevant,and the premium amount they was charging me on monthly basis,now i withdraw all my amount and closed this account.
    Was this review helpful? 0
    , malappuram
    Reviewed on Mar 27, 2019
  • HDFC Life Life Insurance
    "Good for nominees"
    0.5 5.0/5 "Blown Away!"
    I have term plan for Rs. 50 lakhs from HDFC Ergo, I am paying the premium around Rs. 7000 per annum. I need to pay upto 60 years, total life cover upto 80 years. Then nominees will get lump sum amount for certain demise. The customer support is great, I used to pay through online.
    Was this review helpful? 0
    , kolkata
    Reviewed on Mar 25, 2019
  • HDFC Life Life Insurance
    "Good risk & protections coverage "
    0.5 5.0/5 "Blown Away!"
    For my HDFC personal loan , they insisted me to do a life cover by taking Term policy for my life security . HDFC given me a Sum Assured of 16 lakh for 4 years . It is one time payment of around 4 k . It is going to cover all types of risk benefits for the policy holder .
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 18, 2019
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