HDFC Endowment Assurance Plan | Features | Advantage

As a judicious family man, your priority is to secure the well-being of those who depend on you. Not just for today, but also for the long term. With our HDFC Endowment Assurance Plan, you can start building your savings today and ensure that your family remains financially independent, even when you are not around. This ‘With Profits’ plan is planned to secure your family’s future by giving your family a guaranteed lump sum on maturity or in case of your ill-timed demise, early into the policy term.

Features –

Choice of 3 additional Optional Benefits –

You can add from any one of the 3 benefits option depending on your requirement.

Critical illness Benefits
Accidental Death Benefits
Waiver of Premium benefits

Age Limits –

The minimum and maximum age limits as well as the maximum age at maturity vary for the basic policy as well as for all the 3 additional option benefits.

Bonuses –

This insurance plan receives simple reversionary bonuses. Which are usually added annually. At the end of the term, an additional terminal bonus may be paid depending on performance of underlying investment.

Term Limits –

Minimum Term for this plan is 10 years and maximum term is 30years for the basic policy as well as for all the 3 additional optional benefits.

Maturity Benefits –

Sum Assured and bonuses declared are payable at maturity.

Choose Saving Target –

This plan gives you the flexibility to structure an ideal plan for your family by letting you choose the amount of targeted saving and the policy term.

Advantages

Ideal way to secure your long-term financial goals and your family’s financial independence by giving a lump sum payment (basic Sum Assured plus any Bonus Additions) on survival up to Maturity date
Provides invaluable protection to your family by way of lump sum payment in case of unfortunate demise within policy term
Gives you the flexibility to customize your policy according to your needs by adding any one of the 3 benefit options available
You can choose to pay your premium as either Annually, Half-Yearly or Quarterly depending on your convenience. You also have a range of convenient auto premium payment options
Tax benefits under sections 80C, 80D and 10(10D) of Income Tax Act, 1961

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Tags: HDFC Endowment Assurance Plan, HDFC Life Insurance