HDFC Life Saral Jeevan

This plan ensures that your family is financially protected by paying them Sum Assured on Death upon the demise of the life assured.

You can receive guaranteed maturity payout as lump sum or regular income, basis your financial needs.

There are two variants you can choose from:

• Lump Sum Variant: You pay for the chosen premium payment term and receive a lump sum as Guaranteed Sum Assured at the end of the policy term. Choose this option if you want to save money for gifting your family a car, or plan to save for your child’s education.
  
• Income Variant: You pay for the chosen premium payment term, and you receive guaranteed income after the Policy Term till the end of the Income payout term. Choose this option if you want to get additional income at a later life stage when expenses generally increase.
   

Note that the Income payout will commence 1 month after the completion of Premium Payment Term (PPT)/Policy Term (PT) for monthly income payout mode, and 1 year after the completion of PPT/PT for annual income payout mode

You get tax benefits on the premiums paid and the maturity amount as per prevailing Income Tax Laws.