HDFC Assurance Plan | Features | Advantage

To fulfill your dreams for your family and yourself, you need to start saving today. And you not only need to save enough but also need the assurance that your family’s future is secure. Get the convenience of HDFC Assurance Plan. HDFC Assurance Plan helps you conveniently build your long-term savings while keeping your family’s future protected. This ‘With Profits’ savings plan helps you build your long-term savings while securing your family’s future.

Features –

Flexibility –

You can choose to save monthly, quarterly, half-yearly or yearly as per your convenience.

No Medicals –

Convenient ‘No medical Examination’procedure

Term Limits –

Term Available of 10 years only.

Age limits –

The minimum entry age is 18 years and the maximum age is 50 years. The maximum age limit at maturity is 60 years.

Protection –

Insurance Cover up to Rs- 500,000 with limited documentation.

Advantages

This plan is a ‘With Profits’ savings plan, which offers the following features
- The plan receives simple Reversionary Bonuses, which are usually added annually
- At maturity, the plan pays out the basic Sum Assured plus Reversionary Bonuses declared during the policy term. Interim or Terminal Bonus may also be payable, if declared
The plan can be surrendered for cash value before maturity
Provides financial support to your family by way of a lump sum payment in case of your unfortunate death within the policy term. The lump sum is the basic Sum Assured plus any bonus additions
Tax benefit under Section 80C and 10(10D) of Income Tax Act 1961, subject to provisions contained therein

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Tags: HDFC Assurance Plan, HDFC Life Insurance