HDFC Single Premium Whole of Life Insurance Plan
Ideally, just how spending comes to you, so must saving and investing. You are able
to finance your expenses and take care of your family’s needs in present times.
However, to ensure that family is able to maintain the same standard of living in
the future, you need to make the right kind of investment today. HDFC Single Premium
Whole of Life Plan is a tailor made plan well suited to meet your long-term investment
needs and help you maintain your family’s financial independence. This single premium
investment plan is a Whole of Life plan aimed at providing long-term real growth
of your money.
Features
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Advantages
- This participating plan is a Whole of Life plan aimed at providing long-term real
growth for your money
- By nature, this is a whole life policy where the term extends for the life However,
you can decide on the policy term by using a feature built into it. For a period
of 4 weeks, after any one of the 10th, 15th, 20th and subsequent five-year anniversaries,
you can choose to receive the Sum Assured plus any attaching bonuses, in full. Once
money has been received, your policy will cease or you may also continue the policy
for your whole life
- You can terminate the policy any time, after it has been in force for at least 6
month and receive a surrender value. We will pay discretionary surrender value based
on our experience. However, after completion of 3 years there will be a guaranteed
surrender value of 50% of premium paid. In addition to the guaranteed surrender
value, we may pay additional discretionary surrender value based on our experience.
Contract ends on the payment of the same
- Currently Section 80C benefit is available for the premium paid under the plan to
the extent of 20% of the Sum Assured. In the event of a death claim the money paid
is exempt as per Section 10(10D), of the Income Tax Act 1961
For more details on risk factors, terms and conditions, please read the Product
Brochure carefully and/or consult Financial Consultant before taking a decision.