HDFC Endowment Assurance Plan is a plan that secures your family’s future by giving them a guarantee lump sum on maturity or in case of any unfortunate demises. With the HDFC Endowment Assurance Plan you can save today so that your tomorrow will be better.
Benefits
1. The plan gives you the flexibility to chose the amount targeted saving & the policy term.
2. The plan will give a financial security to your family. It will give a lump sum payment on survival up to maturity date.
3. Give you 4 different benefit options- a) Critical illness benefit, b) Additional term benefit, c) Accidental death benefit, d) Wavier of premium benefit.
4. Bonuses will be added annually and you can even have an additional terminal bonus at the end of the term depending upon your performance.
5. You have a choice to pay premium either annually, half yearly or quarterly.
6. You will get Tax benefits under sections 80C, 80D and 10(10D) of Income Tax Act, 1961.
Eligibility for HDFC Endowment Assurance Plan
| Options |
Term Period |
Entry Age |
Age of maturity |
| Policy |
Min |
Max |
Min |
Max |
| Basic Policy |
10 |
30 |
12 |
60 |
75 |
| Critical illness benefit |
10 |
30 |
18 |
5 |
70 |
| Additional term benefit |
10 |
30 |
18 |
60 |
75 |
| Accidental death benefit |
10 |
30 |
18 |
55 |
65 |
| Wavier of premium benefit |
10 |
30 |
18 |
50 |
60 |
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
