Life Insurance

Single, annual, half-yearly, quarterly, and monthly frequencies are available under this product.

Yes, if the Life and CI Rebalance option opt with Return of Premiums (ROP), then a maturity benefit is available.

Under Income Plus Option, you will receive a return of 100% of the Total Premiums1 paid as Lumpsum, upon survival till maturity. It is an in-built feature in this option.

For the Life Protect and Life & CI Rebalance plan options, you have to pay an additional premium over and above the premium payable for the base plan option chosen in order to receive a return of 100% of the Total Premiums paid as Lumpsum, upon survival till maturity (Available under the Return of Premium add on option).

This maturity benefit will be available for:

• All policy terms between 10 and 40 years for Single, Regular, and 5 Pay
• All policy terms between 15 and 40 years for 8, 10, and 12 Pay.

TOTAL PREMIUMS PAID ARE THE TOTAL OF ALL THE PREMIUMS RECEIVED, EXCLUDING ANY EXTRA PREMIUM, ANY RIDER PREMIUM, AND TAXES. IN CASE THE ROP OPTION HAS BEEN SELECTED, THE TOTAL PREMIUMS PAID INCLUDE THE PREMIUM PAID FOR THE BASE PLAN OPTION AND THE ADDITIONAL PREMIUM PAID FOR THE ROP OPTION.

Yes, “Death Benefit” is payable as a lump sum to your Nominee in case of death during the policy term. It is the higher of:

• Sum Assured on Death
• 105% of Total Premiums Paid1

Sum Assured on Death for Single Pay (SP) is the highest of:

• 125% of Single Premium
• Sum Assured on Maturity
• Basic Sum Assured

Sum Assured on Death for other than Single Pay (Limited Pay and Regular Pay) is the highest of:

• 10 times the Annualized Premium
• Sum Assured on Maturity
• Basic Sum Assured

- LIMITED PAY MEANS THE PREMIUM PAYING TERM IS LESS THAN THE POLICY TERM

- REGULAR PAY MEANS PREMIUM PAYING TERM IS EQUAL TO POLICY TERM

TOTAL PREMIUMS PAID ARE THE TOTAL OF ALL THE PREMIUMS RECEIVED, EXCLUDING ANY EXTRA PREMIUM, ANY RIDER PREMIUM, AND TAXES. IN CASE THE ROP OPTION HAS BEEN SELECTED, TOTAL PREMIUMS PAID INCLUDE THE PREMIUM PAID FOR THE BASE PLAN OPTION AND THE ADDITIONAL PREMIUM PAID FOR ROP OPTION.

Yes, “Death Benefit” is payable as a lump sum to your Nominee in case of death during the policy term. It is the higher of:

• Sum Assured on Death
• 105% of Total Premiums Paid
• less total Survival Benefits paid out till the date of death

The Sum Assured on Death for Single Pay (SP) is the highest of:

• 125% of Single Premium
• Sum Assured on Maturity
• Basic Sum Assured

Sum Assured on Death for other than Single Pay (Limited Pay and Regular Pay) is the highest of:

• 10 times the Annualized Premium
• Sum Assured on Maturity
• Basic Sum Assured

- LIMITED PAY MEANS THE PREMIUM PAYING TERM IS LESS THAN THE POLICY TERM

- REGULAR PAY MEANS PREMIUM PAYING TERM IS EQUAL TO POLICY TERM

TOTAL PREMIUMS PAID ARE THE TOTAL OF ALL THE PREMIUMS RECEIVED, EXCLUDING ANY EXTRA PREMIUM, ANY RIDER PREMIUM, AND TAXES. IN CASE THE ROP OPTION HAS BEEN SELECTED, TOTAL PREMIUMS PAID INCLUDE THE PREMIUM PAID FOR THE BASE PLAN OPTION AND THE ADDITIONAL PREMIUM PAID FOR ROP OPTION.

Yes, “Death Benefit” is payable as a lump sum to your Nominee in case of death during the policy term. It is the higher of:

• Sum Assured on Maturity
• 105% of Total Premiums Paid
• Life Cover SA

Sum Assured on Death for Single Pay (SP) is the higher of:

• 125% of Single Premium
• Sum Assured on Maturity

Sum Assured on Death for other than Single Pay (Limited Pay and Regular Pay) is the highest of:

• 10 times the Annualized Premium
• Sum Assured on Maturity

Where,
Annualized Premium is the premium amount payable in a given year chosen by the policyholder, excluding taxes, rider premiums, underwriting extra premiums, and loadings for modal premiums, if any.
Total Premiums Paid is the total of all the premiums received, excluding any extra premium, any rider premium, and taxes. In case the ROP option has been selected, Total Premiums Paid includes the premium paid for the base plan option and the additional premium paid for the ROP option.
The Basic Sum Assured is the amount of the sum assured chosen by the policyholder.
The Sum Assured on Maturity is the amount that is guaranteed to become payable on maturity of the policy, in accordance with the terms and conditions of the policy.

Critical Illness means illness, the signs or symptoms of which first commence more than 90 days following the Issue Date or Commencement Date or the date of any reinstatement of this Contract, whichever is the latest and shall include either the first diagnosis of any of the following illnesses or first performance of any of the covered surgeries stated below:

List of Critical Illnesses covered:

• 1. Cancer of Specified Severity
• 2. Myocardial infarction – First heart attack of specific severity
• 3. Open Heart Replacement or Repair of Heart Valves
• 4. Kidney Failure Requiring Regular Dialysis
• 5. Major Organ/ Bone Marrow Transplant
• 6. Coronary Artery Bypass Graft (Open, Keyhole, or minimally invasive or Robotic Cardiac CABG)
• 7. Multiple Sclerosis with persisting symptoms
• 8. Stroke resulting in permanent symptoms
• 9. Coma of specific severity
• 10. Permanent Paralysis of Limbs
• 11. Motor Neuron Disease with Permanent Symptoms
• 12. Benign Brain Tumor
• 13. Blindness
• 14. Deafness
• 15. End-staged lung failure
• 16. End-staged liver failure
• 17. Loss of Speech
• 18. Loss of Limbs
• 19. Major Head Trauma
• 20. Primary (idiopathic) pulmonary hypertension
• 21. Third Degree Burns
• 22. Alzheimer’s Disease
• 23. Aplastic Anaemia
• 24. Medullary Cystic Kidney Disease
• 25. Parkinson’s Disease
• 26. Systemic Lupus Erythematosus (SLE) with Lupus Nephritis
• 27. Apallic Syndrome
• 28. Major Surgery of Aorta
• 29. Brain Surgery
• 30. Fulminant Viral Hepatitis
• 31. Cardiomyopathy
• 32. Muscular dystrophy
• 33. Poliomyelitis
• 34. Pneumonectomy
• 35. Severe Rheumatoid Arthritis
• 36. Progressive Scledorma

To know more about each critical illness, please refer to the product brochure.

Under the Life Protect option, this benefit is available as a Waiver of Premium on Critical Illness (WOP CI add-on option). If you choose this add-on option, all future premiums payable under the plan will be waived, if you are diagnosed with any of the covered critical illnesses. This option will be available only where PPT is at least 5 years and Life Protect Option with Fixed Term is selected. An additional premium will be payable if this add-on option is chosen.

Under Life & CI Rebalance Option, on the diagnosis of any of the covered critical illnesses, the applicable Critical Illness (CI) SA at the time of diagnosis of the disease, will be payable.

In addition, all future premiums payable under the plan will be waived off and the life cover continues.

An accident is a sudden, unforeseen, and involuntary event caused by external, visible, and violent means. Accidental Death means death by or due to a bodily injury caused by an accident, independent of all other causes of death. Accidental Death must be caused within 180 days of any bodily injury.

“Accidental death” shall mean death:

• Which is caused by bodily injury resulting from an accident-.
• Which occurs due to the said bodily injury solely, directly, and independently of any other causes.
• Which occurs within 180 days of the occurrence of such an accident but before the expiry of the cover and
• Is not a result off any of the causes listed in the exclusions for accidental death benefit.

TOTAL PREMIUMS PAID ARE THE TOTAL OF ALL THE PREMIUMS RECEIVED, EXCLUDING ANY EXTRA PREMIUM, ANY RIDER PREMIUM, AND TAXES. IN CASE THE ROP OPTION HAS BEEN SELECTED, THE TOTAL PREMIUMS PAID INCLUDE THE PREMIUM PAID FOR THE BASE PLAN OPTION AND THE ADDITIONAL PREMIUM PAID FOR THE ROP OPTION.

Yes, an additional benefit is available in the form of an Accidental Death Benefit (ADB) add-on option. If you choose this add-on option, an additional amount equal to 100% of the basic sum assured will be payable to the nominee on your death due to an accident during the policy term. This option will be available only where the Life Protect Option has been selected. An additional premium will be payable if this add-on option is chosen.

No, plan option once chosen at inception cannot be changed throughout the policy term

Yes, you have an option to convert the outstanding regular premiums into any limited premium period available under the plan options without any charge/ fee

Yes, you have an option to alter the premium payment frequency during the premium payment term without any charge/ fee.

To know detailed information related to exclusions, please refer to the product brochure.

Premiums paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act of, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein. Please note that the above mentioned benefits are as per the current tax rules. Your tax benefits may change if the tax rules are changed. You are asked to consult your tax advisor.

HDFC Life Classic One is a unit linked single premium life insurance plan that comes with a unique option of joint life coverage on a second death basis. It offers life coverage for two individuals, wherein a sum assured of 10 times the single premium is offered on the second death of the two lives assured.

The relationship between the two policyholders can be the spouse/child/parent/grandparent or co-borrower. Other relationships such as that under partnership firms may also be considered as long as there is an insurable interest^ between the two individuals. For all the mentioned relationships, the cover will be granted up to the extent of insurable interest only. Insurable interest will be established at the time of issuing policy and cover shall be issued only where need for insurance is satisfied as per underwriting norms of our Board Approved Underwriting Policy (BAUP).

^One individual is said to have an ‘insurable interest’ in the other when one stands to gain or benefit from the continued existence and well-being of the other, and would suffer a financial loss if there is damage to the other.

HDFC Life Classic One gives you the option than 10 different funds to invest your money. Each fund has its own investment policy, based on asset allocation between equity, debt, and money market instruments. You can invest in a combination of funds by allocating your funds between different fund options. Also, you can switch between funds using the fund switch option at any time without any charge.

You can choose to avail the Systematic Transfer Plan (STP), which gives you the benefits of rupee cost averaging. The transfer will be made in 12 equal installments. The transfer date can be either the 1 ^st or 15 ^th of every month, as chosen by you.

The policyholder has the option to take the maturity benefit in periodical instalments over a period that, may extend to 5 years, with the instalment payable on the maturity date. The risk cover ceases and the fund continues to be invested during this period.

On the survival of the life/lives assured till the end of the Policy Term (maturity), you will receive your Fund Value as a lump sum.

On first death, the fund value will be set to be higher than 125% of the single premium or balance in the unit fund. The surviving life can fully withdraw this amount and continue the policy with the coverage as per the policy provisions or not withdraw any amount and continue the policy with the coverage as per the policy provisions

For Single Life Coverage Variant, the Sum Assured on Death is payable as a lump sum on the death of the life assured during the policy term. For Joint Life Coverage Variant, the sum assured on death is payable as a lump sum on the second death of the two lives assured during the policy term.

The policyholder has the option of making partial withdrawals. The life insured should be at least 18 years of age. The minimum Partial Withdrawal amount is Rs. 10,000 and shall not be allowed within first five policy years. The fund value after any partial withdrawal and any applicable charges (including applicable taxes and other statutory levies, if any) is not less than the 25% of the single premium, and the maximum number of partial withdrawals that can be made throughout the policy term from the basic fund value is 50% of the single premium.

HDFC Life – Guaranteed Savings Plan is a Non-Linked, Non-Participating Endowment Life Insurance Plan where you get a Guaranteed Lump Sum at Maturity provided all due premiums are paid and the Sum Assured on Death is at least 10 times the Annualised ^#/Single Premium.

^#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

You can just pay once or pay for 5 or 7 years at a frequency of your choice.

You can choose your premium as per your needs. You can choose to pay your premiums either annually Rs. 5,000, half yearly Rs. 2,535, quarterly Rs. 1,275 or monthly Rs. 430 ^*. The minimum premium under the Single Pay option is Rs. 5,000.

^*Premium amount calculated for a 35 years old male, Sum Assured on Maturity of Rs. 32,650, Premium Payment Term of 5 years, Policy Term of 10 years, monthly premium frequency, exclusive of applicable taxes and other statutory levies.

There is no need to undergo a medical examination. Policy is issued on self-declaration of good health.

On survival until the end of the Policy Term, provided all due premiums have been paid, you shall receive ‘Sum Assured on Maturity’ as a lump sum which is based on the Premium Payment Term, Premium frequency and Premium amount.

For Death during the Waiting Period ^{^},
In the case of Accidental Death, Sum Assured on Death is the highest of

• 10 times the Single Premium/Annualised Premium, for Single Pay/Limited Pay, respectively.
• 105% of Total Premiums paid
• Sum Assured on Maturity
• Any absolute amount assured to be paid on death, which is equal to the Sum Assured on maturity

In case of Death due to other causes, 100% of the total premiums paid is paid.
For Death after the expiry of the Waiting Period ^{^},

• Sum Assured on Death is highest of
• 10 times the Single Premium/Annualised Premium, for Single Pay/Limited Pay, respectively.
• 105% of Total Premiums paid
• Sum Assured on Maturity
• Any absolute amount assured to be paid on death, which is equal to the sum assured on maturity.

^{^}Waiting Period is of 90 days (from the date of inception of the policy) and it applies to the payment of the death benefit for reasons other than accidental~ death. The death benefit shall be payable as a lump sum as mentioned above, provided all due premiums under the policy have been paid until the date of death.

^~Accident is a sudden, unforeseen, and involuntary event caused by external, visible, and violent means. Accidental Death means death by or due to a bodily injury caused by an accident, independent of all other causes of death. Accidental Death must be caused within 180 days of any bodily injury.

One of the biggest challenges of retirement planning is to ensure that you have gathered enough money during your working years to take care of your expenses once you retire. Given the rising cost of living, increased life expectancy, and inflation, investments towards your retirement fund is a must to have in your financial calculations. What is equally important is to ensure that there is an adequate investment made towards the retirement kitty. HDFC Life Click 2 Retire can help you achieve your retirement goals by planning well in advance for it.

It is a Unit linked pension plan.

Only the Fund Management Charge and the Investment Guarantee Charge are applicable to this plan.

A miscellaneous charge of Rs 250 shall be levied for any policy alterations within the contract, as per Section 35 (j) of the IRDAI (Linked) Regulations 2013. However, if the request is executed through the company's web portal, the policyholder will be charged Rs. 25 per request. The charge may be increased subject to prior approval from IRDAI and is subject to a cap of Rs 500.

You can purchase the policy for a policy term of 10 years or for a period off 15 to 35 years. The different terms available on the plan are as follows:

The features available with HDFC Life Pragati are

• Affordable premiums start as low as Rs 100 ¹ per month,
• Multiple term options to suit your needs
• Choose to pay a lump sum for single premium and get life coverage for 5 to 20 years.
• Choose to pay premiums for 5 to 10 years and get life coverage for 10 to 20 years.
• Hassle free issuance based on the Declaration Of Good Health (DOGH) ²
• Your policy’s value will increase as we declare bonuses.
• Even if you miss paying your premiums, we will continue to pay the full Death Benefit ³ for 2 years from the date of the last unpaid premium.
• Guaranteed return of Premiums on Maturity/Death

Premium amount calculated for a 35 year old male, Policy Term- 15 years, Premium payment term- 8 years, Monthly Premium- Rs. 100, Sum Assured- Rs.10,002, exclusive of taxes. The minimum premium amounts shall exclude any underwriting extra premiums, any loadings for modal premiums and any taxes paid as applicable. For monthly premium frequency, we may collect 3 months premiums in advance on the date of commencement of the policy as a prerequisite to allowing monthly mode of premium payment.

²Please speak to our Financial Consultant to know more

³ Please check the Auto Cover Continuance section in the product brochure.

HDFC Life Pragati has a low ticket size, which makes it affordable for customers from all income segments. The minimum premiums have been outlined below:

The minimum premium amounts are subject to the Sum Assured at Maturity being at least Rs 5, 000

6 Minimum Premium amount excludes any underwriting extra premiums, any loading for modal premium and taxes and levies as applicable

7 For monthly premium frequency, we may collect 3 months premiums in advance on the date of commencement of the policy as a prerequisite to allow monthly mode of premium payment.

We understand that you may not always be in the best of financial health. Keeping this in mind, we have incorporated the Auto Cover Continuance feature in HDFC Life Pragati.

Under this feature, for a lapsed/Paid-up policy, the full death benefit shall apply for:

• Two years OR
• Outstanding Policy Term whichever is lower from the date of Paid-up/Lapse.

The death benefit payable during the ACC period shall be the higher of:

• Sum Assured on Death + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (if any)
• 105% of Total Premiums ⁴ paid

The reversionary bonus accrued till the date of the policy's lapse or paid-up shall become payable on death and no further reversionary bonus shall accrue to the policy.

⁴ Total Premiums paid shall be (Annualised Premium * number of years (or part thereof) for which premiums have been paid). Annualized Premium shall exclude any underwriting extra premiums, any loadings for modal premiums and taxes and levies as applicable

It is advisable to continue your policy in order to enjoy the full benefits of your policy. However, we understand that, in certain circumstances, you may want to surrender your policy.

The policy shall acquire a Guaranteed Surrender Value (GSV) depending on the Premium Paying Term (PPT) of the policy.

• For PPT < 10 years - Payment of full Premiums for the first 2 policy years
• For PPT = 10 years - Payment of full Premiums for the first 3 policy years

For single pay, the policy acquires (GSV) immediately on payment of the single premium.

The GSV shall be the aggregate of:

• percentage of Total Premiums ⁴ paid
• percentage of Accrued Bonuses (if any)

You can avail a loan under the policy provided the policy has acquired a surrender value and subject to terms and conditions as the company may specify from time to time.

On the death of the life assured during the policy term, provided all due premiums are paid, we will pay the higher of the following:

1. Sum Assured on Death + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (if any)

2. 105% of Total Premiums ⁴ paid

The Sum Assured on Death shall be the higher of:

1. Sum Assured on Maturity ⁵

2. 10 times Annualized Premium for entry age less than 45 years and 7 times Annualized Premium for entry age greater than or equal to 45 years for Limited and Regular pay policies OR 2 times Single Premium for Single pay policies On payment of the maturity or death benefit, the policy will terminate with no further benefits payable.

4 Total Premiums paid shall be (Annualised Premium * number of years (or part thereof) for which premiums have been paid). Premium amount excludes any underwriting extra premiums, any loading for modal premiums, and taxes and levies as applicable.

5 Sum Assured on Maturity is the absolute amount of benefit guaranteed to be payable on maturity of the policy.

On survival till the maturity date, provided all due premiums have been paid, you will receive the higher of:

1. Sum Assured on Maturity + Accrued Reversionary bonus (if any) + Interim bonus (if any) + Terminal bonus (if any)

2. 100 % of Total Premiums ⁴ paid

Under all the plan options, the policy holder receives a lump sum payout on the diagnosis of terminal illness.

A life assured shall be regarded as terminally ill only if that life assured is diagnosed as suffering from a condition which, in the opinion of two independent medical practitioners ^™ specializing in treatment of such illness, is highly likely to lead to death within 6 months. The terminal illness must be diagnosed and confirmed by medical practitioners ^™ registered with the Indian Medical Association and approved by the company. The company reserves the right to an independent assessment. Terminal illness due to AIDS is excluded. The definition of medical practitioner will be in line with the Guidelines on Standardization in Health Insurance, and as defined below:

A medical practitioner is a person who holds a valid registration from the Medical Council of any State or the Medical Council of India or the Council for Indian Medicine or for Homeopathy, set up by the Government of India or a State Government and is thereby entitled to practice medicine within its jurisdiction; and is acting within the scope and jurisdiction of their licence. The person must be qualified in allopathic system of medicine and shall not be the Life Assured himself/herself.

Under all the plan options, the policy holder receives a waiver of premium in case of permanent disability due to an accident.

Accidental Total Permanent Disability means when the life assured is totally, continuously, and permanently disabled and meets either of the two definitions below:

• Unable to Work:
  Disability as a result of injury or accident and is thereby rendered totally incapable of being engaged in any work or any occupation or employment for any compensation, remuneration or profit and he/she is unlikely to ever be able to do so.
• Physical Impairments: The life assured suffers an injury/accident due to which there is a total and irrecoverable loss of:
• The use of two limbs; or
• The sight of both eyes; or
• The use of one limb and the sight of one eye; or
• Loss by severance of two or more limbs at or above the wrists or ankles; or
• The total and irrecoverable loss of sight in one eye and loss by severance of one limb at or above the wrist or ankle.

In addition to the sum insured on death, the nominee will receive the additional sum assured chosen at the time of inception in case of death due to accident. This benefit is available under the Extra Life option and the Extra Life Income option.

You can choose to be covered for any term from 5 years to 40 (50 years for Life, Extra Life, Income, and Extra Life Income options only) years, subject to meeting the maximum maturity age. For the Life Long Protection and the 3D Life Long Protection, you will be covered for the whole of your life.

You can choose to pay with either of the 3 premium paying options available with this plan:

• Regular pay- you pay premiums throughout the chosen policy term OR
• Limited pay- you pay premiums for your chosen policy term from 5 to 39 years, (5 to 85 minus age at entry for Life, 3D Life, Extra Life, Income, and Extra Life Income options only) OR
• Single pay you pay premium once
  For the 2 whole life cover options namely, Life Long Protection and 3D Life Long Protection, the premium paying term would be the difference between 65 and your age at entry or the difference between 75 and your age at entry (for the Life Long Protection option only).

Saral Jeevan Bima is a Plain Vanilla Term plan that offers a Basic Death benefit

Single, annual, half-yearly, and monthly frequencies are available under this product.

No benefit is payable on survival till the end of the policy term.

The product has a waiting period of 45 days from the commencement date of risk. In case of revival of the policy, the waiting period shall not be applicable.

On the death of the Life Assured during the Waiting Period and provided the Policy is in force, the Death Benefit amount payable as a lump sum is:

• (1) In case of Accidental Death, for regular premium or limited premium payment policy, equal to Sum Assured on Death which is the highest of:
  • (a) 10 times the Annualized Premium, or
  • (b) 105% of all premiums paid as on the date of death, or
  • (c) Absolute amount assured to be paid on death.
• (2) In case of Accidental Death, for single premium policy, equal to Sum Assured on Death which is the higher of:
  • (a) 125% of Single premium or
  • (b) Absolute amount assured to be paid on death.
• (3) In case of death due to other than an accident, the Death Benefit is equal to 100% of all premiums paid excluding taxes, if any.

On the death of the Life Assured after the expiry of the Waiting Period but before the stipulated date of maturity and provided the Policy is in force, the Death Benefit amount payable as a lump sum is:

• (1) For Regular premium or Limited premium payment policy, “Sum Assured on Death” which is the highest of:
  • (a) 10 times of annualized premium; or
  • (b) 105% of all the premiums paid as on the date of death; or
  • (b) 105% of all the premiums paid as on the date of death; or
• (2) For Single premium policy, “Sum Assured on Death” which is the higher of: (a) 125% of Single Premium or (b) Absolute amount assured to be paid on death. Premiums referred above shall not include any extra amount chargeable under the policy due to underwriting decision and rider premium(s), if any. The absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured.

Yes, you have an option to alter the premium payment frequency during the premium payment term without any charge/ fee.

To know detailed information related to exclusions, please refer to the product brochure.

Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.

Click here to view the min-max age at entry/maturity

Simple Reversionary Bonus is guaranteed to be a minimum of 3% p.a. as a percentage of the Sum Assured during the premium payment term. After the premium payment term, the policy will continue to earn reversionary bonuses as declared by the company from time to time.

With HDFC Life Classic Assure Plus, pay premiums for 7 years for policy terms of 10 and 15 years or pay premiums for 10 years for a policy term of 15 and 20 years.

On maturity, the policy holder will receive the sum assured plus accrued bonuses on full payment of premiums due throughout the premium paying term.

The premiums can be paid annually, half-yearly, quarterly and monthly

The plan can be applied for by filling in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals.

The policyholder can avail a loan under the policy, provided the policy has acquired a surrender value and subject to terms and conditions as the company may specify from time to time.

The plan will acquire a Guaranteed Surrender Value provided

• 2 full years' premium has been paid for a premium paying term of 7 years
• 3 full years' premium has been paid for a premium paying term of 10 years

On the death of the life assured, provided all due premiums are paid, the company would pay the higher of the following

• Sum Assured
• 10 times annualized premium
• 105% of the premiums ^* paid (Premiums are excluding any taxes paid on the premium or any extra premiums) plus

accrued bonuses, if any, to the nominee.

^*The Premium amount is excluding any taxes and levies as applicable paid on the premium or any extra premiums.

In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid provided the policy is in-force or from the date of revival of the policy, the nominee of the policyholder shall be entitled to the amount which is higher of 80% of the premiums paid till the date of death or the surrender value as available on the date of death.

The policyholder can avail Loan under the policy provided the policy has acquired a surrender value and subject to terms and conditions as the Company may specify from time to time.

Policy Term is the period at the end of which the maturity benefit will be paid. One can choose a policy term of 15 to 40 years. In case of the “Endowment” Option, the life insurance cover will cease after the policy term.

In case of “Endowment with Whole Life”, the life insurance cover shall continue even after the policy term, till the age of 100 years.

The policy will acquire a Guaranteed Surrender Value (GSV) provided 2 full years’ premium has been paid.

The GSV shall be an aggregate of

• Percentage of total premiums paid
• Percentage of accrued bonuses and accrued guaranteed additions

Please refer to the sales brochure to know the percentage factors for GSV excludes any underwriting extra premiums and any taxes paid

The plan options available under HDFC Life Sampoorn Samridhi Plus are :-

• Endowment – policy terminates after the maturity payout
• Endowment with Whole Life – life cover continues after the maturity payout till 100 years of age

Policy term minus 5 years.

The plan can be applied for by filling in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals.

The Product offers two types of guaranteed benefits:

1. Guaranteed Additions – 3% to 5% of ‘Sum Assured on Maturity‘ accrue during first 5 policy years, payable at maturity or death, whichever is earlier, provided the policy is in force

2. Sum Assured on Maturity – 100% of Sum Assured on Maturity is payable at maturity, provided the policy is in force.

On death of the life assured during the policy term, provided all due premiums have been paid, the nominee will receive the higher of the following:

• Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus (if any) + Terminal bonus (if any)
• 105% of premiums* paid till date

Where Sum Assured on Death shall be the higher of

• Sum Assured on Maturity
• 10 times Annualized Premium ^* for entry age up to 50 years and 7 times Annualized Premium* for entry age greater than 50 years ^*excludes any underwriting extra premiums, modal loadings, and taxes paid

Yes. In case of death due to accident during the term of the policy, an additional benefit equal to 'Sum Assured on Death' is payable. This amount is payable provided the life assured is aged 18 years & above on the date of death.

The premium payment frequencies under this plan are Annual, Half yearly, Quarterly and Monthly.

At the end of the policy term, provided all due premiums have been paid, you will receive the aggregate of:

• Sum Assured on Maturity
• Accrued Guaranteed Additions
• Accrued Reversionary Bonuses
• Interim Bonus (if any)
• Terminal Bonus (if any)

In case of death due to suicide, within 12 months;

• From the date of inception of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid, provided the policy is in force.
• From the date of revival of the policy, the nominee of the policyholder shall be entitled to an amount that is higher than 80% of the premiums paid till the date of death or the surrender value as available on the date of death.

For exclusions related to accidental death benefits, please refer to the sales brochure

The features available with HDFC Life Uday are:

• Easy Issuance on the basis of Declaration of Good Health (DOGH)
• Guaranteed Additions to boost your maturity value
• In-built Accidental Death Benefit in case of death due to an accident
• Auto-Cover Continuance even if you miss paying a premium

We understand that you may not be in the best of financial health always. Keeping this in mind, we have incorporated the Auto Cover Continuance feature in HDFC Life Uday.

Under this feature, for a reduced paid-up policy the full death benefit shall continue for a period of one year (Auto Cover Continuation period) from the date of the first unpaid premium. Auto Cover Continuance applies only to the basic death benefit and not to the additional accidental death benefit.

At the time of payment of death benefit during the Auto Cover Continuation period, the due but unpaid premium shall not be deducted from the benefit payable. The basic death benefit payable during this one year shall be the higher of:

• Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus(if any)
• 105% of Premiums paid

During the auto cover continuance period, the additional accidental death benefit shall be reduced to paid-up Sum Assured on Death.

The Guaranteed Additions and Reversionary Bonuses accrued till the due date of the first unpaid premium shall become payable on death and no further Guaranteed Additions or Reversionary Bonus shall accrue to the policy.

The policy will acquire a Guaranteed Surrender Value (GSV) provided 2 full years’ premium has been paid for premium payment term of less than 10 years and 3 full years’ premium have been paid for premium payment term of 10 years and above.

The GSV shall be the aggregate of:
Percentage of total premiums paid
Percentage of accrued bonuses & accrued guaranteed additions
Premiums will exclude any underwriting extra premiums and any taxes paid

For details on GSV percentage (factors), please refer to the Product Brochure.

Yes. You can take a policy loan under this policy provided that your policy has acquired a surrender value and is subject to terms and conditions that the company may specify from time to time.

The age limits for HDFC Life Uday have been highlighted below :

Provided the policy is in force and all due premiums have been paid, you will receive Guaranteed Additions of 3% p.a. for the first 5 years of your policy over and above the Bonus that will be declared.

In the unfortunate event of your death during the policy term, the nominee will receive the higher of:

• Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses (if any) + Interim Bonus (if any) + Terminal Bonus (if any)
• 105% of Premiums paid

The Sum Assured on Death shall be the higher of:

• Sum Assured on Maturity
• An absolute amount assured to be paid on death, which in this case, is equal to the Sum Assured on Maturity
• 10 times Annualized Premium for entry age up to 50 years and 7 times Annualized Premium for entry age greater than 50 years

An additional benefit equal to 100% of ‘Sum Assured on Death’ will be payable in case of death due to an accident.

For the purpose of computation of Death Benefit, the premiums shall exclude any underwriting extra premiums, any loadings for modal premiums, and any applicable taxes and other statutory levies, Sum Assured on Maturity is the absolute amount of benefit guaranteed to be payable on maturity of the policy.

On survival till the end of the policy term, you will receive a lump sum amount which will be the aggregate of :

• Sum Assured on Maturity
• Accrued Guaranteed Additions
• Accrued Reversionary Bonus
• Interim Bonus (if any)
• Terminal Bonus (if any)

Yes. To reward you for showing faith in the HDFC Life Uday policy, there is a High Sum Assured Rebate. The conditions are mentioned below:

You have an option to select a Policy Term of 12 years or 15 years. For a 12-year term, the premium payment term is 8 years while for a 15-year term, you have the option of selecting a premium payment term of 8 years or 10 years.

The plan can be applied for by filing in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals subject to prevailing underwriting conditions.

In case of death due to suicide within 12 months from the date of inception of the policy or from the date of the revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to the fund value, as available on the date of death. Any charges recovered subsequent to the date of death shall be paid back to the nominee or beneficiary along with the death benefit.

No, the policy does not provide any loan facility.

You can make lump sum partial withdrawals from your funds after 5 years of your policy, subject to terms & conditions. Please refer to the product brochure for details.

If you surrender before completion of the 5 years from commencement of the policy, your fund value, less discontinued charges, will be moved to the 'Discontinued Policy Fund'. The amount allocated to the 'Discontinued Policy Fund', with accrued interest, will be paid out on the completion of the lock-in period. Discontinuance charge will be deducted.

If you surrender after completion of the 5 years from commencement of the policy, your fund value will be paid out immediately.

Upon payment of this benefit, the policy terminates and no further benefits are payable.

Fund Value on the prevailing date of Maturity will be paid to the policyholder.

Only annual mode is allowed under the plan.

On death of the life assured, provided all due premiums are paid,

Before the attainment of 60 years of age, the nominee will receive the higher of the following

• Sum assured (less all withdrawals made during the two-year period immediately preceding the date of death)
• The total fund value

On or after the attainment of age 60 years, the nominee will receive the higher of the following

• Sum assured (less all withdrawals made after attainment of age 58)
• The total fund value

Minimum Death Benefit would be at least 105% of the annual premiums paid The policy will terminate thereafter and no more benefit will be payable.

Policy loan is not offered in this plan

If you surrender before the completion of the 5th policy year, your Fund Value less applicable charges will be moved to the DPF and the proceeds from DPF will be paid out on the completion of the lock-in period.

If you surrender after completion of the 5th policy year your Fund Value will be paid out to you. Upon payment of this benefit, the policy terminates and no further benefits are payable. Please refer to the policy document for further details on Surrender.

The plan offers 8 funds of varying risk & return profiles. Income Fund, Balanced Fund, BlueChip Fund, Opportunities Fund, Equity Plus Fund, Diversified Equity Fund, Bond Fund, and Conservative Fund

In Settlement Option the Fund value is paid in periodical installments over a period that may extend up to 5 years. Your money will remain invested in the funds chosen by you and is subject to the same investment risks as during the policy term. During the Settlement period, the risk cover will cease, Fund Management Charge will continue to be deducted and no other charges shall be levied. Partial withdrawals and switches shall not be allowed during this period. Complete withdrawal may be allowed at any time during this period without levying any charge. At the end of this 5-year period, the balance units will be redeemed at the then prevailing unit price and the fund value will be paid to you.

If you surrender before completion of the 5th policy year, your Fund Value less applicable charges will be moved to the DPF and the proceeds from DPF will be paid out on the completion of the lock-in period.

If you surrender after completion of the 5th policy year your Fund Value will be paid out to you. Upon payment of this benefit the policy terminates and no further benefits are payable. Please refer to the policy document for further details on Surrender.

Policy loan is not offered in this plan

In case of death due to suicide within 12 months from the date of inception of the policy or from the date of the revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to the fund value, as available on the date of death. Any charges recovered subsequent to the date of death shall be paid back to the nominee or beneficiary along with the death benefit.

For detailed exclusions for the plan options please refer to product brochure carefully

The plan offers 8 funds of varying risk & return profiles. Income Fund, Balanced Fund, Blue Chip Fund, Opportunities Fund, Equity Plus Fund, Diversified Equity Fund, Bond Fund and Conservative Fund.

There are 8 Plan options available under the Plan ProGrowth Super II. Please refer to the product brochure for details.

In Settlement Option the Fund value is paid in periodical installments over a period which may extend up to 5 years. Your money will remain invested in the funds chosen by you and is subject to the same investment risks as during the policy term. During the Settlement period, the risk cover will cease, Fund Management Charge will continue to be deducted and no other charges shall be levied. Partial withdrawals and switches shall not be allowed during this period. Complete withdrawal may be allowed at any time during this period without levying any charge. At the end of this 5-year period, the balance units will be redeemed at the then prevailing unit price and the fund value will be paid to you.

Premiums paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein.

Please note that the above mentioned benefits are as per the current tax rules. Your tax benefits may change if the tax rules are changed. You are requested to consult your tax advisor.

You can opt for Extra life Option under Classic Benefit under the plan. In case of death due to accident during the term of the policy, an additional Sum Assured will be payable to the Nominee in addition to the Death Benefit under the Plan. Please refer to product brochure for further details and/or consult Relationship Manager.

There are 3 Plan Options available under HDFC Life SampoornNivesh as mentioned below:

1. Classic Benefit

2. Classic Plus Benefit

3. Classic Waiver Benefit

You can choose any one of the above options on inception based on your requirements. Please refer to the product brochure for more details

In case of death due to suicide within 12 months from the date of inception of the policy or from the date of the revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to the fund value, as available on the date of death. Any charges recovered subsequent to the date of death shall be paid back to the nominee or beneficiary along with the death benefit. In case, the Policyholder has opted Extra Life Option under the Plan, the Accidental Death Benefit will be payable subject to terms and conditions. For detailed exclusions please refer to product brochure carefully and/or consult Relationship Manager.

Yes. You get 4 Free Fund Switch / Premium Redirection in a given policy year to create your own investment strategy. Please refer to product brochure for more details and/or consult Relationship Manager.

Yes. Loyalty additions (as percentage of the average fund value) will be added to the fund value every alternate year starting from the end of 11th policy year for limited and regular premium payment policies.

For single premium policies, the Loyalty Additions will be 1.50% of the average fund value. The Loyalty Addition shall be payable at the end of every policy year from year 10 to 14 (both inclusive).Please refer to product brochure for more details

• The plan offers 8 Funds (including 4 New Funds) of varying risk and return profiles. The Policyholder has the option to choose any one or more funds based on his/her Risk Appetite. The Fund Options available under the Plan are Equity Plus Fund, Diversified Equity Fund, BlueChip Fund, Opportunities Fund, Balanced Fund, Income Fund, Bond Fund and Conservative Fund

Policy loan is not offered in this plan.

Fund Value will be calculated by multiplying balance units in your fund by the then prevailing NAV price. Please refer to product brochure for more details and/or consult Relationship Manager.

If you surrender before completion of the 5th policy year, your Fund Value less applicable charges will be moved to the DPF after deducting applicable charges, if any and the proceeds from DPF will be paid out on the completion of the lock-in period.

If you surrender after completion of the 5th policy year your Fund Value will be paid out to you. Upon payment of this benefit the policy terminates and no further benefits are payable. Please refer to the Product Brochure for further details and/or consult Relationship Manager.

Minimum premium amounts for various premium payment frequencies are as follows:

• Single: Rs. 24,000
• Annual: Rs. 24,000
• Half-yearly: Rs. 12,000
• Quarterly: Rs. 6,000
• Monthly: Rs. 2,000

The Death Benefit will depend on the Benefit Option opted under the Plan on inception. In case of unfortunate demise of the life assured during the policy term, the nominee will be paid:

• Classic Benefit (Life Option)– Higher of Sum Assured or Fund Value
• Classic Benefit (Extra Life Option) – Higher of Sum Assured or Fund Value + Accidental Death Benefit
• Classic Plus Benefit – Sum Assured + Fund Value

Classic Waiver Benefit –Sum Assured plus Waiver of amount equal to the modal premiums^{^} This is subject to minimum payment of 105% of the total premiums paid. Please refer to product brochure for more details.

^{^} Refers to modal premium of the policy had it been a premium paying policy

There is no limit on maximum amount that you can invest under this plan, subject to underwriting.

The premium payment frequencies under this plan are Annual, Half yearly, Quarterly and Monthly or Single

You can choose a policy term of 10 years or 15 to 25 years under this plan.

You will receive the Fund Value on maturity as a lump sum amount or you can choose to receive the same over a period of 5 years through Settlement Option.

In case the Policyholder has not paid the premium by the expiry of the grace period, he/she will have the following options:

• to revive the Policy within a period of 2 years from the date of discontinuance, or
• to completely withdraw from the Policy without any risk cover, or
• to convert the policy into paid-up policy (available only on discontinuance after completion of the 5 policy years)

Please refer product brochure for more details.

In Settlement Option the Fund value is paid in periodical installments over a period which may extend up to 5 years. The value of installment payable on the date specified shall be subject to investment risk i.e. the NAV may go up or down depending upon the performance of the funds chosen by you. Your money will remain invested in the funds chosen by you and is subject to the same investment risks as during the policy term. During the Settlement period, the risk cover will cease, Fund Management Charge will continue to be deducted and no other charges shall be levied. Partial withdrawals and switches shall not be allowed during this period. Complete withdrawal may be allowed at any time during this period without levying any charge. At the end of this 5-year period, the balance units will be redeemed at the then prevailing unit price and the fund value will be paid to you.

You can withdraw money from your funds to meet any future financial emergencies. Lump sum partial withdrawals can be made from your funds after 5 complete policy years, provided the Life Assured is at least 18 years of age. Get 4 Free Partial Withdrawals in a policy year. Please refer to product brochure for more details and/or consult Relationship Manager.

All ages mentioned above are age last birthday. ^* The minimum age at maturity should be 18 years.

^~Sum Assured on Maturity is the Basic Sum Assured guaranteed to be payable on maturity of the policy

In case of death due to suicide, within 12 months;

• From the date of inception of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid, provided the policy is in-force
• From the date of revival of the policy, the nominee of the policyholder shall be entitled to the amount which is higher of 80% of the premiums paid till date of death or the surrender value as available on the date of death.

The premiums can be paid annually, half-yearly, quarterly and monthly.

The plan can be applied by filing in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals.

The policy will acquire a Guaranteed Surrender Value (GSV) provided

• first 2 years’ premiums have been paid for premium paying term of 5 and 8 years
• first 3 years’ premiums have been paid for premium paying term of 10 years

The plan offers guaranteed additions (GA) as a percentage of sum assured accrued for each completed policy year payable at maturity.

On your survival, at end of the policy term, you will receive a lump sum benefit as the aggregate of:

• Sum Assured on Maturity
• Accrued Guaranteed Additions

Your Aggregate Maturity benefit as percentage of Sum Assured as per term chosen is as follows:

On death during the policy term, provided all due premiums have been paid, the nominee will receive Sum Assured on Death PLUS Accrued Guaranteed Additions

Where Sum Assured on Death is higher of the following:

• Sum Assured on Maturity
• 10 times the Annualized Premium^*
• 105% of the premiums^* paid till date

For the purpose of computation of Death Benefit, the premiums shall exclude any underwriting extra premiums, any loadings for modal premiums and any applicable taxes and other statutory levies on payment of the Death Benefit, the policy will terminate and no more benefits will be payable.

Policy loan is not offered in this plan

The plan offers 8 funds of varying risk & return profiles. Income Fund, Balanced Fund, BlueChip Fund, Opportunities Fund, Equity Plus Fund, Diversified Equity Fund, Bond Fund and Conservative Fund

If you surrender before completion of the 5th policy year, your Fund Value less applicable charges will be moved to the DPF and the proceeds from DPF will be paid out on the completion of the lock-in period.

If you surrender after completion of the 5th policy year your Fund Value will be paid out to you. Upon payment of this benefit the policy terminates and no further benefits are payable. Please refer to the policy document for further details on Surrender.

In Settlement Option the Fund value is paid in periodical installments over a period which may extend up to 5 years. Your money will remain invested in the funds chosen by you and is subject to the same investment risks as during the policy term. During the Settlement period, the risk cover will cease, Fund Management Charge will continue to be deducted and no other charges shall be levied. Partial withdrawals and switches shall not be allowed during this period. Complete withdrawal may be allowed at any time during this period without levying any charge. At the end of this 5-year period, the balance units will be redeemed at the then prevailing unit price and the fund value will be paid to you.

For a policy where all due premiums have been paid, the maturity benefit will be the aggregate of:

• Last Survival Benefit payout,
• Accrued Reversionary Bonuses,
• Interim Bonus, if any
• Terminal bonus, if any

On payment of the Maturity Benefit, the policy will terminate and no more benefits will be payable.

Yes the plan provides the option to the policyholder to receive the future payouts monthly instead of yearly. In such cases, the monthly payout shall be 8% of the annual payout.

The plan can be applied by filing in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals.

The policyholder can avail Loan under the policy provided the policy has acquired a surrender value and subject to terms and conditions as the Company may specify from time to time.

With HDFC Life Super Income Plan, pay premiums for 8, 10 or 12 years and enjoy regular income for 8, 10, 12 & 15 years payout period.

In case of death due to suicide, within 12 months;

• From the date of inception of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid, provided the policy is in-force.
• From the date of revival of the policy, the nominee of the policyholder shall be entitled to an amount which is higher of 80% of the premiums paid till the date of death or the surrender value as available on the date of death.

The policy will acquire a Guaranteed Surrender Value (GSV) provided 2 full years’ premium has been paid for premium payment term of 8 years and 3 full years’ premium have been paid for premium payment term of 10 and 12 years.

On death of the life assured during the term of the policy, provided all due premiums are paid; the nominee will receive the higher of the following:

• Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus (if any) + Terminal Bonus (if any)
• 105% of premiums^# paid till date

Where, the Sum Assured on Death shall be the higher of:

• Sum Assured on Maturity
• 10 times Annualised Premium# for entry age up to 50 years and 7 times Annualised Premium^# for entry age greater than 50 years

^#excludes any underwriting extra premiums, modal loadings and taxes and levies as applicable on death of the life assured during the payout period, the Death Benefit payable shall not be reduced by the survival benefits already paid. On payment of the Death Benefit during the policy term, the policy will terminate and no future payouts will be payable.

Survival Benefit is expressed as percentage of the Sum Assured on Maturity. This guaranteed amount is known to you at the inception and payable at the end of each year during the payout period as per your chosen plan option.

The percentages are as follows:

The premiums can be paid Annually, Half-Yearly, Quarterly and Monthly

All ages mentioned above are age last birthday.

The plan can be applied by filing in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals.

Policy loans are not allowed.

On request for surrender from you, the risk coverage will cease with immediate effect.

If you surrender before the end of the 5 years from commencement of the policy,

• Your fund value (as on date of surrender) will be moved to the ‘Discontinued Policy Fund’ and will earn a minimum guaranteed return as specified by IRDA. The minimum guaranteed interest rate applicable to the ‘Discontinued Policy Fund’ shall be 4% p.a. Such rate may be changed in the future if the IRDA revises the minimum rate for discontinued policies. A fund management charge of 0.50% p.a. will be levied on the ‘Discontinued Policy Fund’
• Your fund value as held in the ‘Discontinued Policy Fund’ will be payable to you at end of the 5th policy year
• In case of the death of the life assured or policyholder, before the payment of the surrender benefit, the amount in the Discontinued Policy Fund will be paid out immediately.

If you surrender your policy after completion of 5 years from commencement of the policy, your fund value will be paid to you. On surrender, no additional charges will be levied.

Once any surrender payment has been made the policy terminates and no further benefits are payable.

^{^}This minimum term of 5 years may not be available to you in which case the only policy term available to you will be 10 years. Please check with us for availability

In case of death due to suicide within 12 months from the date of inception of the policy or from the date of the revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to the fund value, as available on the date of death.

Any charges recovered subsequent to the date of death shall be paid back to the nominee or beneficiary along with the death benefit.

Your policy matures at the end of the policy term, the risk cover ceases and fund value will be paid to you.

Premium Allocation Charge:
This is a premium-based charge. After deducting this charge from your premiums, the remainder is invested to buy units. The remaining percentage of your premium is called the Premium Allocation Rate.

The Premium Allocation Rate and Premium Allocation Charge are given in the table below.

Fund Management Charge (FMC):
The daily unit price already includes the fund management charge of 1.35% per annum charged daily, of the fund’s value.

Policy Administration Charge:
The Policy Administration Charge is 0.13% per month of the total premiums paid (including any single premium top-ups).The charge will be deducted monthly, subject to a maximum charge of Rs. 500 per month. This charge will be taken by cancelling units proportionately from each of the fund(s) you have chosen.

Mortality Charge:
Every month a charge will be levied for providing you with the death cover in your policy. The amount of the charge taken each month depends on your age and level of cover. This charge will be taken by cancelling units proportionately from each of the fund(s) you have chosen.

Miscellaneous Charges:
You may be charged for Additional Servicing Request(s).

^*Taxes and levies as applicable on the charges at the applicable rate for all Unit linked products

In case of the Life Assured’s unfortunate demise, the nominee will receive the benefit as defined below -

HDFC Life Capital Shield is a non-par Unit Linked Plan. It is an investment-cum-insurance plan that offers the potential of better returns, by investing a part of your money in equity and the balance in debt, while also providing you with life cover. The allocation of your money to debt fund shall systematically increase over time to protect your capital.

Capital Shield provides a Policy Term of 10 years.

Capital Shield provides a flexibility to choose a single pay option or a Limited Premium Payment term of 5 years.

- Protect your investment from market risks with an Assured Maturity Benefit of 101% of the Total Premiums paid

- Pay premiums only once or for a limited period of 5 years

- Get increasing Loyalty Additions from the end of the 6th policy year onwards to boost the Fund Value

- Stay protected during the entire policy term with life insurance cover

The age limits for this plan include:

In case of the Life Assureds’ unfortunate demise during the Policy term, provided all due premiums have been paid, the nominee will be paid the “Sum Assured on Death”. The “Sum Assured on Death” shall be the highest of:

- Sum Assured less an amount# for Partial withdrawals made, if any (refer brochure for details)

- Fund value

- 105% of total premiums paid till the date of death^*

#The partial withdrawals to be deducted from the Sum Assured shall be:

For death before attainment of age 60 - all partial withdrawals made during the two year period immediately preceding the date of death of the Life Assured.

For death on or after attainment of age 60 - all partial withdrawals made after attainment of age 58 years of the Life Assured. Upon payment of the death benefit, the Policy shall terminate and no further benefits are payable.

Loyalty additions (as percentage of the average fund value) will be added to the fund value in the form of additional units from the end of 6th policy year onwards, provided all due premiums have been paid. The Loyalty Additions will be added for both Single Pay and Limited Pay policies. Percentage of loyalty additions will vary with the Policy Year and have been outlined below:

The average fund value shall be calculated based on the fund values at the end of the policy month, for the immediately preceding 12 policy months. Loyalty Additions will be allocated between the funds in the same proportion as the value of total units held in each fund at the time of allocation.

Your policy matures at the end of the policy term and all your risk cover ceases. On maturity of the policy, provided all due premiums have been paid, the Life Assured will receive higher of:

- Fund Value

- Assured Maturity Benefit (as defined below)

Assured Maturity Benefit = (101% ^* “Total Premiums” paid till date) less the Total Partial

Withdrawals made till date (if any) Where “Total Premiums” shall be:

- For Single Pay policies : Single Premium

- For Limited Pay policies : 5 times the Annualised Premium

Please note that the Assured Maturity Benefit will be paid only on policy maturity provided all due premiums have been paid and will not apply on death or surrender. Upon payment of the maturity benefit, the Policy shall terminate and no further benefits are payable.

In case of death due to suicide within 12 months from the date of inception of the policy or from the date of the revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to the fund value, as available on the date of death. Any charges recovered subsequent to the date of death shall be paid back to the nominee or beneficiary along with the death benefit.

Premiums paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein.

There are 2 Funds available under this strategy:

i) Capital Growth Fund – An equity oriented fund to provide medium to long term capital appreciation with a high level of risk.

ii) Capital Secure Fund – A debt oriented fund to provide capital preservation and safety with a low level of risk.

As a part of this strategy, your premium (net of premium allocation charges) will be utilised to purchase units of the Capital Growth Fund and the Capital Secure Fund. The percentage allocation in Capital Growth Fund and Capital Secure Fund will be as per your age at policy inception and the Sum Assured multiple that you have opted for. Your fund value will also be rebalanced to achieve the proportions set out below. The allocation in Capital Growth Fund will keep decreasing in subsequent policy years to decrease the exposure to equity, thus helping you keep your capital protected.

Please refer the Product Brochure for the detailed list of Charges available under this plan

This is a pension plan which accumulates your money for the retirement kitty. You can take maximum up to 1/3rd of the maturity amount as lump sum and the rest must be converted into annuity, and will be paid periodically.

The policy will acquire a Guaranteed Surrender Value (GSV) provided 2 full years’ premium has been paid for premium payment term of 8 years and 3 full years’ premium have been paid for premium payment term of 10 and 12 years.

HDFC Life APP has benefits such as:

• Capital Guarantee of 101% - 135% - APP is a unit linked plan that provides you the upside of the equity markets. However, to protect you from the market downfall, you have the Assured Vesting Benefit of 101% -135%, depending on the Premium Paying Term and Policy Term combination. This means that your capital is completely protected from any downside
• Pension Multipliers – As a Loyalty benefit, Pension Multipliers would be added to the fund value every alternate year starting from the end of 11th policy year. These additions will be equivalent to 1% of average fund value for the immediate preceding two years, subject to the policy being in force and all premiums paid till date.
• Early start to boost your corpus – With APP you can start your retirement planning as early as 18 years. The earlier you start, you would gain from the power of compounding and be able to build a bigger corpus before your retirement
• Lower vesting age limits – The minimum vesting age of APP is 45 years, this would help you to plan for early retirement

Annuity rates are a function of prevailing market conditions at the time the annuity is bought. Other factors that determine annuity rate are - gender, age, annuity option chosen & premium band.

This plan has a minimum vesting age of 45 years only, which would help to plan for an early retirement. You don’t need to wait till 60 years of age. However, once you have fixed your vesting age, it is recommended that you continue for the entire term.

It’s nice to hear that you have already made provisions for your savings. However, the objective of a Pension Plan is very different. Pension Plans are insurance plans that offer you an income/ pension after retirement when you may not have any other adequate source of income.

This is not possible with any other plan. Moreover, pension plans can’t be liquidated easily, which ensures that your savings stay intact and a kitty is automatically built for your retirement.

The Assured Pension Plan is a Unit Linked Pension Plan by HDFC Life. This plan aims to help you plan for a steady income source for retirement.

You can choose from a variety of Premium paying & policy term options as per your comfort and plan your retirement. HDFC Life APP provides you the benefit of equity participation with the comfort of a capital guarantee. To boost your fund value, you also have the pension multipliers that are added to your fund post 11th year.

One of the biggest challenges of planning for your retirement is to ensure that you have saved enough money during your working years that will take care of your expenses once you retire. Given the rising cost of living, increased life expectancy and inflation, it is always wise to invest in a Pension Plan. HDFC Life Assured Pension Plan can help you achieve your retirement goals by planning for it well in advance.

Yes, there are charges as every other ULIP plan, but there is also a Pension Multiplier from the 11th year onwards every alternate year. The longer policy term you go for, the more you gain through Pension Boosters added to the fund value.

HDFC Life APP comes to you with a host of flexibilities. You can choose a limited premium paying term of 8, 10 & 15 years. Also, there is an option to pay a lump sum through a single payment.

HDFC Life APP provides you a guarantee (between 101% -135%) of the premiums paid. This is why the choice of funds are predefined as per the Equity Backing Ratio and is not available for customised allocation by customers.

The premiums paid by you are eligible for tax benefits under Section 80CCC of the Income Tax Act, 1961.

Up to 1/3rd of the policy proceeds can be taken as tax-free commuted value, as prescribed under Sec 10 (10A) of the Income Tax Act, 1961.

You need to give a default option now, i.e., at the time of purchase of this policy. However, depending on your situation, you always have the option to change/ alter the annuity option at the time of maturity of the pension policy. HDFC Life will get in touch with you 3-6 months before the maturity of the policy and you can revisit your annuity choice options then.

In case you don’t revert to HDFC Life at that point of time, the default annuity options chosen earlier would be considered and your annuity payments would commence.

However, after commencement of annuity you won’t be able to make any further alterations.

There isn’t any provision of top-up premiums in this plan.

Pension from your employer is great. But with increase in the cost of living and increased life expectancy your employer funded pension might not be enough to pay for your entire expenses post retirement.

As a thumb rule your retirement fund should be at least 20 times your last year income before retirement. Hence, it is advisable that you invest in a separate retirement plan so that it supplements your employer-funded pension scheme.

This is the best part of your life. You have time on your side. So you can act now and ensure a smooth retirement.

Please remember that retirement is inevitable & early planning for retirement is really helpful. The earlier you start investing in your retirement, the bigger would be your retirement kitty, thanks to the power of compounding. You can actually build up a larger sum with a comparatively smaller investment if you start early.

So please think about this and act now.

Your funds will be invested into Equity and Debt instruments as per the Equity Backing Ratio defined by the company. This is to provide you with maximum returns from market upside, as well as protect your capital from any downfall.

HDFC Life APP provides you various options at vesting. You can choose between either of the two options

• Extend the accumulation period within the same policy with same terms & conditions as the original policy, provided you are below 55 years of age
• Utilise the entire proceeds to purchase a single premium deferred pension plan from HDFC Life

APP being a Pension plan does not have a life cover; however, the death benefit is higher of FV or 105% of the premiums paid till date.

You cannot avail any loan or make partial withdrawal from this plan.

Click 2 Protect Health provides both Protection and Health benefits under one plan. It protects you and your loved ones from financial losses due to death or health incidents.

A Combo Plan is one where two or more products of the same company are sold together as a solution. A Combi Plan is one which is a combination of a life plan and a health plan from two different insurers

A customer will get 5% discount (offline) on annual premiums paid towards both Life & Health. At any time during the validity of the policy, the Customer decides to opt out of the insurance coverage of one of the Insurer, the discount, if any, being offered to such Customer under Click 2 Protect Health shall not be available to the Customer going forward

Yes, the health part of the Click 2 Protect Health allows any health policy from another insurer to be ported, subject to waiting periods.

Protection- Premiums paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein. Please note that the above mentioned benefits are as per the current tax rules. Your tax benefits may change if the tax rules are changed. You are requested to consult your tax advisor.

Health- The premium amount paid under this policy qualifies for deduction under Section 80D of the Income Tax Act.

The maximum number of members included in a family floater if 4. The available combinations are Adults, 2 Adults +1 child, 2 Adults +2 Children, 1 Adult +1 Child, 1 Adult +2 Children, 1 Adult + 3 Children.

Cardiac ailments are on the rise and can affect anyone, anytime. In addition to the lengthy course of treatment, cardiac ailments can also impact one’s finances. In order to ensure that you protect not only yourself, but also your family, HDFC Life brings to you HDFC Life Cardiac Care; a specialized plan that aims at taking care of any cardiac related financial emergencies and ensure that instead of worrying about your family or finances, you can concentrate on getting better.

Cardiac Care is a fixed benefit plan that offers a Base Benefit under which you receive lump sum benefit for any of the covered conditions. The benefit amount payable varies depending on the severity of the condition. In addition the plan offers the following optional benefits:

• Hospitalization Benefit – lump sum benefit payable in case of hospitalization due to covered condition
• Indexation Benefit – 10% increase in sum assured for every claim free year after first policy year
• Income Benefit – 1% of sum assured paid as monthly income for 5 years in case of claim for condition of high severity.

The customer may opt for a single option or multiple options in any possible combination under this plan. The optional benefits need to be selected at inception of the policy. All benefits payable under the optional benefits are over and above the base benefit and will not impact the base sum assured.

The following benefit is payable for claim under the following category:

• High Category – 100% of sum Assured
• Moderate Category – 50% of Sum Assured
• Mild Category – 25% of Sum Assured

The benefit will be payable till exhaustion of the applicable sum assured under the policy.

Indexation benefit continues till the original increased sum assured reaches 200% of original sum assured or claim occurs whichever is earlier.

Yes. The ICU & Non-ICU benefits payable under the hospitalization benefit are independent of each other and will be subject to their respective limits. In case limit for one room type is exhausted, the limit under the second room type will continue. e.g. If the benefit for ICU benefit is exhausted, the benefit for Non ICU room will continue.

There would be rebates in the form of lower premium rates for higher sum assured.

Waiting Period

On inception:

A waiting period of 180 days shall apply from the date of risk commencement. On revival:

• If the policy is revived within 60 days of premium due date, only the remaining part of waiting period, if any will apply.
• If the policy is revived after 60 days of premium due date, full 180 days waiting period will apply afresh

Survival Period

A survival period of 30 days from the date of occurrence of covered condition is applicable for this plan.

In case you make multiple claims under same or different categories, the acceptance of the claims shall be subject to a Cooling Off Period. Cooling off Period shall apply after each occurrence of the condition/procedure, provided such occurrence resulted into a valid claim.

• The applicable Cooling Off Period for recurrence of covered condition shall be 12 months following previous occurrence of covered condition provided it resulted into a valid claim.
• The applicable Cooling Off Period for occurrence of other covered condition from the same or lower severity category shall be 6 months following occurrence of covered condition provided it resulted into a valid claim. No claims shall be payable in this period for the aforementioned scenarios.
• The applicable Cooling Off Period for occurrence of other covered condition from higher severity category shall be 6 months following occurrence of covered condition provided it resulted into a valid claim. In case of claim, the benefit paid will be the applicable benefit amount at the time of claim less claims made during the immediately preceding 6 months.
• No Cooling Off period is applicable in case of occurrence of other covered condition which is unrelated to disease/disorder of the heart or any of the covered conditions claimed earlier. This must be certified by a cardiologist appointed by the Company and cost of such certification shall be borne by the Company. In case of such claim, the benefit amount as applicable will be payable. The Cooling Off period shall apply afresh on each valid claim.

HDFC Life Cardiac Care plan aims to aid the expenses incurred due to any cardiac condition/procedure. Hence its benefits are linked to diagnosis and treatment of disease and no death benefit is payable.

No, there is no maturity benefit available under this plan.

Surrender Benefit is payable only in case of single pay option under this plan. In case of surrender, the surrender value payable will be: 60% x (Single Premium – U/W cost) x (1 – M/P) where,

UW cost: Rs. 2,750 for medically underwritten life

M: policy month of surrender

P: policy term in months

Tax Benefits under Section 80D of Income Tax Act, 1961 are applicable for premiums paid towards this plan.

Please note tax benefits are subject to change in tax laws.

Step 1: Choose the purchase price that you wish to pay to buy annuity or choose the annuity amount you wish to receive

Step 2: Choose your annuity option

Step 3: Choose your annuity payout frequency– monthly, quarterly, half-yearly, or yearly

Step 4: Receive your annuity payouts through direct credit to your bank account

You can choose any of the following annuity options at inception. Plan option once selected cannot be changed.

• Immediate Life Annuity
• Immediate Life Annuity with Return of Purchase Price
• Deferred Life Annuity with Return of Purchase Price

The product is available on a single life as well as joint life basis for all options. The Primary Annuitant will be the primary person entitled to receive the payouts, while the Secondary Annuitant will be entitled to receive the annuities, if so opted, in the event of death of the Primary Annuitant, if applicable.

In a Joint Life annuity, the secondary annuitant can be the spouse/child/parent/parent-in-law or sibling of the primary annuitant. Other relationships maybe considered as long as there is an insurable interest3 between the annuitants.

³Annuitants are said to have an ‘insurable interest’ in the other when they stand to gain or benefit from the continued existence and well being of the other, and would suffer a financial loss if there is a damage to the other.

A single premium is payable in advance at the start of a contract. Your annuity (for annual frequency) will be calculated as follows:

• Annuity Payout = Applicable Annuity Rate ^* Purchase Price

The Death Benefit will vary depending on the annuity option selected by the policy holder. The table below sets out the Death Benefits for different annuity options:

The purchase price referred above excludes applicable taxes and other statutory levies, if applicable.

Surrender benefit available under different plan options is as follows:

a. Immediate Life Annuity Option (Single and Joint life option): Surrender not allowed.

b. Immediate and Deferred Life Annuity with Return of Purchase Price (Single and Joint life option):

Surrender Value shall be equal to the Present Value (PV) of expected future benefits discounted at the then prevailing interest + 2%.

Notwithstanding anything stated under this document, the following terms & conditions shall apply to QROPS policyholders:

• Cancellation in the Free-Look Period - If this product is purchased as QROPS through transfer of UK tax relieved assets, the proceeds from cancellation in the free-look period shall only be transferred back to the fund house from where the money was received.
• Non-Forfeiture Benefits – If this product is purchased as QROPS through transfer of UK tax relieved assets, access to benefits from policy proceeds would be restricted till the policyholder attains 55 years of age.
• Overseas transfer charge - In the event of applicable tax charge arising as a result of an overseas transfer (Her Majesty Revenue & Customs (HMRC) - policy paper – The overseas transfer charge – guidance, published 8th March 2017) for which the Scheme Manager i.e. HDFC Standard Life Insurance Company may become liable, we shall deduct an amount only to the extent of the applicable tax charge from the policy value and remit the same to HMRC.

There is no maturity benefit in this plan.

Indirect Taxes

Taxes and Levies as applicable will be charged and payable by you by any method including by levy

of an additional monetary amount in addition to premium and/or charges.

Direct Taxes

Tax will be deducted at the applicable rate from the payments made under the policy, as per the provisions of the Income Tax Act, 1961.

HDFC Life brings to you a comprehensive Cancer Care plan that provides financial protection for both early and major stage of cancer.

This is a plan that not only gives pay outs but also a waiver on premium for the next 3 policy years on diagnosis of early stage of cancer.

There is an increased benefit where the Sum insured under the policy increases every year under the Gold and Platinum option. Also, offers an income benefit under the Platinum option.

There would be discount in the form of lower premium rates for incremental Sum Insured over & above Rs. 10,00,000.

The premium paying frequencies available for this plan is annual, half – yearly, quarterly and, monthly modes.

Yes, the sum assured limit will increase from the subsequent year but this increased benefit is applicable in case of the policyholders who have chosen the Gold and Platinum plan. Under this benefit, the Sum Insured will increase at a rate of 10% of the Initial Sum Insured per annum starting from the first policy anniversary.

1. Increased Sum Insured becoming 200% of initial Sum Insured and

2. Any claim event.

Once the claim is made, all future claims shall be based on the Increased Sum Insured at the time of first claim. Further increases to the increased Sum Insured shall not be applicable.

The minimum cover for the policy is Rs.10 lakhs whereas the maximum cover for the policy is Rs.40 lakhs.

HDFC Life Easy Health is a fixed benefit, mediclaim policy that provides coverage against Critical Illness, specified Surgeries and also provide Daily Hospital Cash Benefit in case of hospitalization. The cover provided by HDFC Life Easy Health cashless mediclaim policy will be available for a period of 5 years.

There are 3 separate benefits available in this plan namely:

Surgical Benefit: Avail up to 100% ^* of Sum Insured in case of 138 surgeries Critical Illness Benefit: Get 100% of Sum Insured if diagnosed with any one of 18 Critical Illnesses

Daily Hospital Cash Benefit: Avail Daily Hospital Cash of 1% of Sum Insured per day (Non ICU rooms) and 2% of Sum Insured per day (ICU). Daily Hospital Cash Benefit will be payable for a maximum of 20 days per year in case you are admitted in Non ICU room and 10 days per year if admitted in ICU rooms. Daily Hospital Cash Benefit will be payable subject to a maximum of 60and 30 days if admitted in Non ICU and ICU rooms, respectively during the entire policy term

You can select 1, 2 or all the 3 plan benefits at the time of policy purchase.

^*Refer brochure for more details

There is a fixed policy term of 5 years. Further, you shall only pay premiums for the benefit(s) as long as the complete payout for the that benefit has not happened. The mediclaim policyholder shall have the option to choose one of the above plan options at the time of policy inception, only.

You can choose to pay your premiums either annually (Regular Premium) or one time (Single Premium).

• The plan aims to help in creating fund for retirement.
• Annuitisation of surrender benefit is mandated by the Regulator in the interest of the customer.
• Annuitisation ensures that the aim of the policy is not compromised for other financial needs.

No, policy term can’t be changed thus vesting age can’t be pre or postponed

• Up to 1/3 can be taken as lump sum. Rest of the benefit needs to be annuitised
• Technically surrendering is not pre or postponing of the vesting age as surrender benefit is a reduced benefit as compared to vesting benefit.

Guaranteed Additions will be 3% of sum assured on vesting that will get accrued for each completed policy year, provided all premiums are paid as and when due.

Vesting Addition is a percentage of the sum assured on vesting which is added on vesting and shall vary by the policy term as given below:

• Sum Assured on vesting is the absolute amount of benefit which is guaranteed to become payable on vesting.
• Death benefit is the total premiums paid to date, accumulated at a guaranteed rate of 6% per annum compounded annually.

• All the outstanding premiums and interest on the outstanding premiums and applicable taxes.
• Charge of Rs 250 shall be levied for processing the revival.
• The revival period shall be of two years as specified by the current regulations.

Yes, guaranteed additions and vesting addition is a percentage of this sum assured on vesting

Retirement Plans provide you with a steady flow of income post retirement so that you can continue to live a financially independent life.

Retirement Plans refer to insurance plans which aim to offer you income/ pension after retirement when you may not have any other adequate source of income.

The HDFC Immediate Annuity is a contract that uses your capital to provide you with a guaranteed gross income throughout your lifetime or over a period of your choice. This is the perfect way to plan for your expenses after your retirement. This means you can plan your life the way you want it to be, safe in the knowledge that your gross income will not fall during the period you have selected. This is the perfect way to plan for your expenses after your retirement. The HDFC Immediate Annuity plan offers a number of options to meet all your income needs.

The plan can be applied by filing in the Short Medical Questionnaire (SMQ), which may not require you to go for medicals.

When does the plan acquire Guaranteed Surrender value?
The policy will acquire a Guaranteed Surrender Value (GSV) provided 2 full years’ premium has been paid for premium payment term of less than 10 years and 3 full years’ premium have been paid for premium payment term of 10 years or more.

Yes. The policyholder shall have an option to receive the survival benefits (other than the final payout, payable on maturity) in monthly installments. If so opted for, the monthly survival benefit shall be:

• 8.5% of the annual survival payout,
• payable over a period of 12 months,
• with the first installment being paid on the policy anniversary on which annual survival payout falls due

No. On death of the life assured after the commencement of survival benefits under Academia and Career maturity benefit options, the Death Benefit payable shall not be reduced by the survival benefits already paid.

The policyholder can avail Loan under the policy provided the policy has acquired a surrender value and subject to terms and conditions as the Company may specify from time to time.

The premiums can be paid annually, half-yearly, quarterly and annually

The plan provides you with additional boosters in the form of guaranteed additions where the premium payment term is 10 years or more, provided the policy is in force. The Guaranteed Additions are payable at maturity.

The Guaranteed Additions shall accrue at the end of every policy year as specified below:

As a parent, your priority is your child’s future and being able to meet their dreams and aspirations. Providing a good education, establishing a professional career or even a modest wedding is becoming an expensive proposition with each passing year. Costs are increasing fast. Just imagine how much you will need when your young children take these important steps in life in the future. With our Children’s Plans, you can start building regular savings today to help you secure your child’s immediate and future needs even when you are not around.

Consider the inflated costs of a normal educational course or any other requirements that your child might have in the future. This should be your targeted savings amount, which you would want to receive when the policy matures. Ideally, the term you should choose for the plan is when your child is in a position to require the money. Thereafter, you need to sit with your Relationship Manager to work out the amount to be invested and the level of protection required.

You can opt for one of the following two Plan Option:

• Death Benefit - by choosing the Life Option
• Death Benefit + Critical Illness Benefit - by choosing the Life & Health Option

With either of the plan options, you can select any one of the Benefit Payment Preference that is Save Benefit or Save-n-Gain Benefit, which will determine how your beneficiary will get the benefits in case of a claim.

You can change your investment fund choices in two ways:

• Switching:

You can move your accumulated funds from one fund to another available fund anytime.

• Premium Redirection:

You can pay your future premiums into a different selection of available funds, as per your need.

Yes, you will be eligible for tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to the provisions contained therein (tax benefits are subject to change in the tax laws. Please refer to the Tax Benefits section for more details).