How much life insurance do you need?
Use our quick and simple calculator to know what’s ideal for you.
A Non-Linked Non-Participating Endowment Life Insurance Plan to get a life cover and create a corpus fund for the future
Sum Assured on Death is at least 10 times the Annualized3/Single Premium.
Get guaranteed1 lump sum at maturity and also know the amount upfront.
Policy loan available.
Tax benefits as per prevailing tax laws2
Sum Assured on Death is at least 10 times the Annualized3/Single Premium.
Get guaranteed1 lump sum at maturity and also know the amount upfront.
Policy loan available.
Tax benefits as per prevailing tax laws2
Provided all the due premiums have been paid & the policy is in force.
As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
Annualised premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
Provided all the due premiums have been paid & the policy is in force.
As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
Annualised premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
On survival, the life assured will be entitled to "Sum Assured on Maturity" once the policy matures at the end of policy term.It is based on the Premium Payment Term, Premium frequency and Premium amount.
On payment of this benefit the Policy shall terminate and all other benefits shall cease.
Disclaimer:
For complete details, please read the Product brochure.
Before buying HDFC Life Guaranteed Savings Plan
ELIGIBILITY |
MINIMUM |
MAXIMUM |
---|---|---|
Age at entry (last birthday) |
8years1 |
Single Pay: 45 years Limited Pay: 55 years
|
Age at maturity (last birthday) |
18 years |
Single Pay: 55 years Limited Pay: 65 years
|
Premium payment Terms |
Single Pay Limited Pay: 5 Years
|
Single Pay Limited Pay: 7 Years
|
Maturity Sum Assured(Single Premium) |
₹ 5,572
|
₹ 2,63,435
|
Maturity Sum Assured (Regular Premium)
|
₹ 30,359
|
₹ 9,98,769
|
Maximum Sum Assured on Death |
₹ 10,00,000 |
|
Policy Term |
Single Pay: 10 and 15 years |
Talk to an
Advisor right away
We help you to choose best insurance plan based on your needs
Your Required life cover to protect your family’s future is
HDFC Life – Guaranteed Savings Plan is a Non-Linked Non-Participating Endowment Life Insurance Plan where you get Guaranteed Lump Sum at Maturity provided all due premiums are paid and Sum Assured on Death is at least 10 times the Annualized/Single Premium.
You can just pay once or pay for 5 or 7 years at a frequency of your choice.
There is no need to undergo 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.
In case of the Life Assured’s death during the policy term, the nominee will receive the Death Benefit.
The death benefit is 100% of Total Premiums paid1 if death is due to causes other than accident during the waiting period of 90 days.
For accidental death during the waiting period of 90 days or death due to other causes2 post the waiting period of 90 days, the death benefit shall be highest of:
Disclaimer :
For complete details, please read the Product brochure
Once a policy has acquired a Surrender Value, loans will be permitted on this product, subject to such terms and conditions as the company may specify from time to time. Our current terms and conditions are stated below:
The loan amount will be subject to maximum 80% of the surrender value.
The interest rate on loan is currently 9% p.a.
The interest rate shall be reviewed half-yearly and any change in the interest rate shall be effective from 25th February and 25th August each year. In case upon review the interest rate is revised, the same shall apply until next revision.
Before any benefits are paid out, loan outstanding together with the interest thereon will be deducted and the balance amount will be payable.
Where the loan outstanding including interest exceeds 90% of the surrender value for a reduced Paid-up policy, then the policy will be foreclosed and the policyholder will be paid the surrender value less loan outstanding including interest.
If the Policy is in-force and all due premiums have been paid, the Policy shall not be foreclosed for non re-payment of loan.
T&C*
ARN: EU/07/21/24447