Benefits and Features
Key Benefits
- Minimal charge structure1
- Enjoy Tax exemption2 under Sec 80CCC & 10(10A)
- Flexible premium payment terms & frequencies
- No limit on the maximum premium5
- Option to start as early as 18 years6
- Lower vesting age of 45 years6
- Death benefit available in case of unfortunate demise7
- Different funds in which your premium is allocated are Pension Equity Plus Fund, Pension Income Fund, Pension Conservative Fund
Life bowls many bouncers, plan for your retirement carefully.
Get ready for your life's second innings.
-
Key features
- Capital guarantee8 protects your principal at risk
- There are no intermediary charges1 and thereby it does not eat away your corpus
- There is no liquidity option and hence it supports the purpose of retirement planning
-
Retirement planning @nominal cost
- Maximum capital guarantee8 of 135%
- Enjoy guaranteed returns9 with annuity
- Secure your retirement with assured vesting benefit and also gain from upside in the market
- In case of your unfortunate demise, your family will be paid the death benefit7
- No policy administration charges, discontinuous charges or mortality charges
-
Flexibility while choosing the plan
- Pay premiums either annually, half-yearly, quarterly or monthly3
- For people between 18 years to 65 years 6
- Enjoy the flexibility of paying your premium as Single, Regular or Limited paying term
- Policy Term options of 10 years and from 15 to 35 years4
-
Hassle free Online buying Process with HDFC Life
- Step 1: Generate the quote, fill your details and pay premium at click of a button
- Step 2: Pay using Debit Card, Credit Card or Net banking
- Step 3: Post purchase, our representatives will help you complete documentation, if any
1-Day Claim Settlement
is available for the following:
. . . . . . . . . . . . . . . . . .
- Cumulative claim amount on all policies up to ₹2 crores
- 1 day claim settlement is exclusively available for policies bought online
- Claim does not require field investigation
- All requisite documents# submitted by the nominee before 3 PM on a working day at HDFC Life branches. Intimations beyond 3 PM will be taken up the next business day
- HDFC Life will pay an interest^ on your death claim amount for every day of delay beyond one working day
T&C Apply
1) For all claims* fulfilling above mentioned conditions, provided we receive all the required documents, the claim will be processed within one working day and decision will be communicated accordingly. 2) Investigation / Open title / Rival / Court involved Claims are excluded. 3) Policy duration at the time of event is at least >=3 years. 4) Saturday, Sunday, public festivals and non-NAV days (for ULIP) are excluded (not treated as a working day)
^Interest rate would be at 6.25%per annum.
#Documentation Details
Claim form, Nominee photograph, Pan card copy, Identity and Address proof of nominee. (If nominee is minor, documents of appointee to be submitted). Death certificate issued by competent authority for death registrations. Medical cause of death certificate. Cancelled cheque/copy with the name of nominee/appointee mentioned on it as per the passbook of the nominee/appointee. Past & current complete medical records including discharge/death summary, indoor case papers, investigation reports, consultation notes. In case of an accidental death, additional documents will be required. Post Mortem Report, Panchnama, Police Inquest report, First/Final Information report, Viscera/Chemical Analysis report.
