HDFC Life Insurance Investment Plans

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

1. On survival till the end of policy term, fund value will be paid as maturity benefit.
2. 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

1. Provides guaranteed maturity benefits.
2. Offers limited premium paying term of 5, 8 or 10 years.
3. Provides flexibility to choose a policy term ranging from 15 to 25 years.
4. 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

1. Guaranteed Base Income (GBI) payouts (8.0% to 12.5% of the Sum Assured) every year.
2. Offers maturity payout , sum of the last guaranteed payout and accrued bonuses.
3. through the premium payment term and payout period.
4. 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

1. Lump sum amount payable at the end of policy term.
2. 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

1. For a limited term of 5 years, consumers have a coverage for 10 years.
2. 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

1. Customers can avail of loans under this plan.
2. 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

1. On maturity, get the chosen sum assured and accrued bonuses.
2. Customers can choose a policy term ranging from 15 to 30 years.
3. 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

1. Additional sum assured on death by accident.
2. Flexibility of formulating investment strategies.
3. 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

1. Flexibility to change investment options.
2. Additional Sum assured on death by accident, disability and critical illness.
3. 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

1. In the event of death, higher of the Sum Assured or total fund value will be paid
2. Opt for fund value at the prevailing unit prices or settlement option.
3. Flexibility to shift funds or future premiums to different categories
4. 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

1. Flexibility to invest in any of 4 non-guaranteed funds and switch funds.
2. 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.
3. 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

1. Single premium plan which provides coverage for 10 years.
2. Customers can invest in four fund options and switch funds.
3. Flexibility to invest in additional single premium top-ups.
4. 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 for Buying HDFC Life Investment Plans

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.