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HDFC Life Smart Woman Plan

 4.0 / 5.0   by 1169 users
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Plan Benefits

Payment Options

Policy Coverage

Customer Service

Responsiveness

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

HDFC Life Smart Woman Plan Reviews

Page 1 of 50 1 2 3 4 5
  • HDFC Life Life Insurance
    "Fine policy for emergency purpose"
    0.5 5.0/5 "Blown Away!"
    Along with my personal loan they have provided me a life insurance policy from HDFC LIFE. I have to pay the premium amount of Rs. 6000 in a year. I used to pay the premium through online. Total tenure period of the policy is 4 years. I'm getting a sum assured amount of Rs. 3 lakhs.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Dec 13, 2018
  • HDFC Life Life Insurance
    "Every salary holder must taken this policy"
    0.5 4.0/5 "Great!"
    I have purchased the HDFC accidental policy nearly 4 years before. I have been paying the premium amount of Rs. 80000. I used to make the premium through my credit card and i covert into EMI basis. This is annual payment mode policy. This policy has coverage value of Rs. 15 lakhs and all my member covered in this policy
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2018
  • HDFC Life Life Insurance
    "Yet to experience the policy"
    0.5 4.0/5 "Great!"
    I have purchased a ULIP policy from HDFC Life. 4 months before i have taken this policy. I have been paying the premium amount of Rs. 2000 every month. The sum assured amount is 5 lakhs. This is a tax benefitable policy. Through Internet i have purchased this policy. I make the payment in online by using the debit card.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 11, 2018
  • HDFC Life Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I am having a life insurance policy with HDFC LIFE from last 9 years and it is a long term policy. I make my premium payment through online and on yearly basis. I am convenient with the payment options and tenure period for this policy is 15 years. I am happy with the returns and benefits on this policy.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 11, 2018
  • HDFC Life Life Insurance
    "Good policy to take"
    0.5 5.0/5 "Blown Away!"
    Total tenure period of the policy is 10 years. I have to pay the premium amount for 7 years and 3 years will be lockin period. They have done a very good follow up on documentation and explained the policy details very well. They will call on the premium time. The amount will be auto debited from account. In a year, i have to pay the premium amount of Rs. 50000. 1 year back, i took this policy.
    Was this review helpful? 1
    , amravati
    Reviewed on Dec 11, 2018
  • HDFC Life Life Insurance
    "Good insurance policy"
    0.5 5.0/5 "Blown Away!"
    My life insurance policy was taken with HDFC Life. Total tenure period of the policy is 8 years. I pay the premium amount of Rs. 40000 and i have selected the annual payment mode. I make the premium through cheque mode. Overall, I'm satisfied with this policy.
    Was this review helpful? 0
    , vellore
    Reviewed on Dec 04, 2018
  • HDFC Life Life Insurance
    "Recommendable policy"
    0.5 5.0/5 "Blown Away!"
    I have bought the HDFC LIFE insurance policy 3 years before. I'm making the payment amount of Rs. 28000 every year. I have no idea about the sum assured amount and policy benefits. This is a tenure period 10 years. I make the premium amount through cheque.
    Was this review helpful? 0
    , vellore
    Reviewed on Dec 04, 2018
  • HDFC Life Life Insurance
    "Recommendale policy"
    0.5 5.0/5 "Blown Away!"
    I have paid Rs. 6000 extra for my insurance policy in HDFC LIFE through cheque. I have received the notification regarding the payment and repayment immediately. I'm happy about the payment mode because i can pay according to all kind of mode.
    Was this review helpful? 0
    , vellore
    Reviewed on Dec 04, 2018
  • HDFC Life Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My money back policy was purchased above 7 years ago. I have chosen the HDFC LIFE because its recommended by the agent. I have chosen the annual payment mode with the amount of Rs. 40000. I make the premium by online ECS mode. This is tax benefit policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 03, 2018
  • HDFC Life Life Insurance
    "Good policy to use"
    0.5 4.0/5 "Great!"
    When i purchase my HDFC credit card, they have offered me a life insurance for an offer. I have received the sum assured amount of Rs. 4 lakhs and my nominee will get that amount after my death. I have chosen the monthly payment mode. This is a 1 year policy and i have to renew it after that. Every month i have to pay the premium of Rs. 300 for first 3 months.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 02, 2018
  • HDFC Life Life Insurance
    "Policy features should be improved"
    0.5 2.0/5 "Expected more"
    The policies are not upto the mark, I took SAP life policy, I make the premium of Rs. 24,000 for the tenure of 10 years, there is no much benefits in the life policy. But it has some assured benefits 5 to 6% of benefits, the payment gateway is very fine.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 01, 2018
  • HDFC Life Life Insurance
    "Best investment"
    0.5 3.5/5 "Pretty good"
    I do have multiple life insurance policy with HDFC Life. One of my relative is working there and more over the maturity term is less like 10 years. Am happy with the policy coverage and the plan benefits. The payment is flexible and its has multiple options. Every year I used to pay 1L as a premium.
    Was this review helpful? 1
    , bangalore
    Reviewed on Nov 30, 2018
  • HDFC Life Life Insurance
    "Good Protection for Family"
    0.5 5.0/5 "Blown Away!"
    I took term plan for the amount of Rs. 25 lakhs, I have done the payment of Rs. 5700. Payment option is good, life cover is very good, I can avail during emergency purpose, even it has the accidental and death policy. I have added wife and Children as nominees.
    Was this review helpful? 0
    , jaipur
    Reviewed on Nov 30, 2018
  • HDFC Life Life Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    I have a life insurance policy with HDFC LIFE from last 1 year and it is a long term policy. I pay my premium once in a year through online and i am convenient with the payment options. Tenure period for this policy is 12 years and this policy has good returns.
    Was this review helpful? 0
    , chennai
    Reviewed on Nov 29, 2018
  • HDFC Life Life Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    It has been a very good policy and i had been paying the premium on a monthly basis. The premium amount has bee fine and has not been not too high. The payment method is easy and has been doing online and there has not been any hassle faced so far with their service.
    Was this review helpful? 0
    , new delhi
    Reviewed on Nov 28, 2018
  • HDFC Life Life Insurance
    "Best service"
    0.5 5.0/5 "Blown Away!"
    I have been using life insurance with HDFC ltd , and the premium they use to charge me is up to 20 thousand in a year and it nominal and it use to get auto debited from my salary account and they had explained me all the policy clearly.
    Was this review helpful? 0
    , mumbai
    Reviewed on Nov 21, 2018
  • HDFC Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using the HDFC Life Insurance policy for a while. they charge nominal premium for this policy it also offers accidental benefits and I make payment at the branches. so in terms of features and their service it has been a good experience with them. HDFC Life is a recommendable insurance provider.
    Was this review helpful? 0
    , new delhi
    Reviewed on Nov 16, 2018
  • HDFC Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been my using my life insurance with HDFC ltd, the policy is covered up to 10 lakh rupees , and they premium which they have charge is nominal and i use to pay through on line only and there agent had explain me about policy and term and condition clearly.
    Was this review helpful? 0
    , noida
    Reviewed on Nov 16, 2018
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with HDFC Life, there service is good they have charged premium up to 9000 rupees per year, it use to get auto debited from my account and there customer service is good they explained me about all policy it cover in this life insurance.
    Was this review helpful? 0
    , secunderabad
    Reviewed on Nov 15, 2018
  • HDFC Life Life Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy a long time back and the process was done online. I had been making the payments on a monthly basis and the premium amount of 1000 has been good. The premium method also has been good and there has not been any hassle faced with them so far.
    Was this review helpful? 0
    , gandhidham
    Reviewed on Nov 14, 2018
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