HDFC Life New Fulfilling Life

You can choose to pay for a few years (12, 16, 20 or 24 years) while your life cover continues till the age of 85.

In case of an unfortunate event of death, your nominee gets the death benefit, which will be sum of the following:

• Guaranteed Death Benefit which is higher of Sum Assured or 10 times the Annualized Premium
•  Vested bonus, if declared
• Terminal bonus, if declared

Death benefit will never be less than 105% of the total premiums paid

You start getting guaranteed money backs within a few years of starting the policy. The money backs will equal your sum assured and will be paid over 4 installments as shown in the table below:

Year of Money back will depend on the Premium Payment Term chosen.

You are eligible for bonuses from the first year of policy till the age of 85, irrespective of the premium payment term chosen. A tax free lump sum amount equal to sum assured and accumulated bonuses will be given on maturity.

You save tax on premiums paid under section 80C and on benefit amounts under section 10(10D) of the Income Tax Act.