HDFC Life Guaranteed Savings Plan
- Calculate Your Premium
- Key product features
- Benefits of the Product
- Eligibility
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Calculate Your Premium
Key product features
Key product features
- Higher Life Insurance Cover:Sum Assured on Death which is up to 10 times the Annualised1 Premium/ 10 or 1.25 times the Single Premium
- Guaranteed lump sum at maturity:Guaranteed lump sum up to Rs. 25 lakh3 on Maturity
- Flexibility of premium payment: Pay for 5 or 7 years at a frequency of your choice or just pay once
- Life Insurance Cover: Sum Assured on Death which is at least 10 times the Annualised2 /Single Premium
- Tax Benefits: u/s 80C & 10(10D) as per the provisions of the Income-tax Act, 1961.
1Provided all due premiums have been paid and the policy is in force
2 Annualised premium shall be the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums, loadings for modal premiums, taxes and other statutory levies, if any.
3Tax benefits are subject to changes in tax laws
Please refer to the Product Brochure for complete details of the product
Benefits of the Product
Benefits of the Product
- Financial Protection against untimely demise, throughout the policy term#
- Single(one-time pay) , Annually, Half yearly, Quarterly and Monthly frequencies are available under this product. You can choose any one of these modes to pay your premiums.
- You can opt for hassle-free issuance on the basis of Declaration of Good Health eliminating tedious medical tests
- You can avail for loan* in this policy.
#Provided due premiums have been paid and policy is in-force
*Once a policy has acquired a Surrender Value, loans will be permitted on this product, subject to such terms and conditions as the company may specify from time to time.
For more details on risk factors, charges, terms and conditions, please read the Product Brochure carefully
Eligibility
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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.
Fast and Convenient5 Quick and easy steps towars a protected and prosperous future.
Learn MoreEconomicalBuying in insurance policy online is more cost effective than an offline purchase.
Learn MoreMinimum PaperworkPolicy Issued with minimal paperwork
Learn MoreTransparentAll charges are shown upfront with no hidden costs.
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