HDFC Savings Assurance Plan

Despite your best efforts, you do not end up saving regularly for your family's and your future. Unexpected expenses, unplanned purchases and often, sheer lack of time defeat your efforts. Don't you wish that someone would take on the responsibility of regularly saving your money for you? HDFC Savings Assurance Plan is a 'With Profits' savings plan which helps you conveniently build your long-term savings and ensure that your family is protected even if you are not around.

Features

Advantages

The chosen amount is automatically invested from your bank account into the plan This plan is a 'With Profits' savings policy, which offers the following features o The policy receives simple reversionary bonuses, which are usually added annually o At maturity, the policy pays out the basic Sum Assured plus Reversionary Bonuses declared during the policy term. Interim or Terminal Bonus may also be payable, if declared On death during the first year, a sum equal to 80% of premiums received is payable. On death after the first year and during the policy term, all premiums paid to date will be returned with compound interest calculated at 6% per annum, subject to a maximum of the Sum Assured plus Reversionary Bonuses declared till date Tax benefit under Section 80C and 10(10D) of Income Tax Act 1961, subject to provisions contained therein

This product is available for sale through our Bancassurance Partners (HDFC Ltd., HDFC Bank, Saraswat Bank and Indian Bank

Children's Plans helps you save so that you can fulfill your child's dreams and
aspirations. These plans go a long way in securing your child's future by financing the key milestones in their lives even if you are no longer around to oversee them. As a parent, you wish to provide your child with the very best that life offers, the best possible education, marriage and life style. Most of these goals have a price tag attached and unless you plan your finances carefully, you may not be able to provide the required economic support to your child when you need it the most. For example, with the high and rising costs of education, if you are not financially prepared, your child may miss an opportunity of a lifetime. Today, a 2-year MBA course at a premiere management institute would cost you nearly Rs. 3,00,000/- At a assumed 6% rate of inflation per annum, 20 years later, you would need almost Rs. 9,07,680/- to finance your child's MBA degree.

Savings & Investment Plans provide you the assurance of lump sum funds for your and
your family's future expenses. While providing an excellent savings tool for your short term and long term financial goals, these plans also assure your family a certain sum by way of an insurance cover. With HDFC Standard Life's range of Saving & Investment Plans, you can therefore ensure that your family always remains financially independent, even if you are not around.

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.

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

Features :

HDFC Home Loan Protection Plan

This plan aims to protect your family from your loan liabilities in case of your unfortunate demise within the policy term. It ensures that your family does not lose the dream house that you have purchased for them, in case you are not around to repay the outstanding monthly installments on your housing loan. This provides you with the comfort of knowing that in

your absence, a sum of money will be available towards repaying your housing loan, making sure that your family will be secure in your family home.

Features

Advantages

A decreasing Sum Assured payable if you die during the term of the contract. This sum assured is intended to help pay-off your outstanding home loan Policy can be availed by paying a single premium in advance The premium amount can be included in the housing loan and repaid as part of the loan repayment installments Decreasing Sum Assured makes sure that you do not pay for protection you don't need

This product is available for sale through HDFC Ltd.

Retirement Plans provide you with financial security so that when your professional
income starts to ebb, you can still live with pride without compromising on your living standards. By providing you a tool to accumulate and invest your savings, these plans give you a lump sum on retirement, which is then used to get regular income through an annuity plan. Given the high cost of living and rising inflation, employer pensions alone are not sufficient. Retirement planning has therefore become critical today. India's average life expectancy is slated to increase to over 75 years by 2050 from the present level of close to 65 years. Life spans have been increasing due to better health and sanitation conditions in the country. However, the average number of years of employment has not been rising commensurately. The result is an increase in the number of post-retirement years. Accordingly, it has become necessary to ensure regular income for life after retirement, so that you can live with pride and enjoy your twilight years.

Protection Plans help you shield your family from uncertainties in life due to financial losses
in terms of loss of income that may dawn upon them incase of your untimely demise or critical illness. Securing the future of one's family is one of the most important goals of life. Protection Plans go a long way in ensuring your family's financial independence in the event of your unfortunate demise or critical illness. They are all the more important if you are the chief wage earner in your family. No matter how much you have saved or invested over the years, sudden eventualities, such as death or critical illness, always tend to affect your family financially apart from the huge emotional loss.

ABOUT HDFC LIFE INSURANCE COMPANY

HDFC Life Insurance

Established on 14th August 2000, HDFC Standard Life Insurance Co. Ltd. is a joint venture between Housing Development Finance Corporation Limited (HDFC Limited) -India's leading housing finance institution - and a Group Company of the Standard Life Plc, UK that is a world-renowned provider of financial services. HDFC holds about 72.43% of the equity, Standard Life holds 26% while the rest is held by others. HDFC Life is one of leading private companies, offering a range of individual and group insurance solutions, in India. They have adequate financial expertise to manage long-term investments safely and resourcefully. HDFC Standard Life has about 568 branches and is present in over 700 cities and towns. It has almost 2,00,000 financial consultants that meet various customer needs such as protection, pension, savings, investments and health. The company has 32 retail and 4 group products along with 5 rider benefits. Customizing plans have also been added to make lives better. Read more to get an idea about the HDFC Life Insurance schemes and policies.

HDFC Life Insurance Company Ltd

Following are the Life insurance plans offered by HDFC Life Insurance Company Ltd. 1. Protection Plan : Protection Plans ensures your familys financial independence in the event of your unfortunate demise or critical illness. Protection Plan - Currently available products to purchase Following are the Protection Plans offered by HDFC Life Insurance a. HDFC Premium Guarantee Plan: It is an insurance plan that comes with double advantage of protection and return of premiums* on maturity. So, you can enjoy life meaningful that your familys financial independence is secure even in your absence. And your premiums are yours on your survival at maturity. b. HDFC Home Loan Protection Plan : The plan protects your family from your loan liabilities in case of your unfortunate demise within the policy term. In case if you are not there to repay the monthly installment on your housing loan, then a sum of money is available towards repaying your housing loan. c. HDFC Life Click 2 Protect : HDFC Life Click 2 Protect is a term insurance plan. This plan provides for a payment of a lump sum in the happening of your unfortunate death during the policy term. d. HDFC Term Assurance Plan :This plan is planned to help secure your family financial needs in case of doubts. The plan does this by providing a lump sum to the family of the life assured in case of death or critical illness (if option is chosen) of the life assured during the term of the contract. Children Plan - Currently available products to purchase

2. Children Plan :The children plan helps you to fulfill your childs dreams. The plan secures your childs future financially even though you are not around them. a. HDFC Children's Plan- The plan ensures that you can start building your savings today to give a bright future to your child. A the time of maturity a guaranteed lump sum is given to the beneficiary or in case of your unfortunate demise, early into the policy term. b. HDFC SL YoungStar Super Premium - This plan offers you choice of cover options and benefit payment preferences- all designed to suit your needs. Children Plan - Old products not available for fresh purchase a. HDFC Unit Linked Young Star Plus II- The plan provides a valuable protection to your child in case you are not there to support them. The unit linked plan also gives you an outstanding investment opportunity to maximize your savings by providing you a choice of thoroughly researched & selected investments. Along with that a regular Loyalty Units are also provided to improve your fund value every year. b. HDFC Unit Linked Young Star Champion- The plan provides a valuable protection to your child in case you are not there to support them. The unit linked plan also gives you an outstanding investment opportunity to maximize your savings by providing you a choice of thoroughly researched & selected investments. Along with that the plan also provides Bumper Addition to the funds at the time of maturity. 3. Retirement Plans- The Retirement Plans of HDFC Life Insurance ensure you to provide a secure life after your retirement. It provides you with financial security in life & you dont need to comprise with your life. The plan gives you a lump sum on retirement, which helps you to get a regular income through an annuity plan. Retirement Plans - Currently available products to purchase a. HDFC Personal Pension Plan- A plan that gives you a post retirement income for life. You can choose the premium, sum assured and your retirement date too. b. HDFC Immediate Annuity- It is a contract that uses your capital to provide you with a guaranteed gross income through out your life. The income is guaranteed & is unaffected by rise or fall of interest rates. Retirement Plans - Old products not available for fresh purchase a. HDFC Unit Linked Pension II- A unit linked insurance plan that gives you an outstanding investment opportunity to maximize your saving. It also gives you Bumper Addition. b. HDFC Unit Linked Pension Maximiser II- Its a unique single premium unit linked plan, designed to provide a post retirement income with maximum investment returns. The plan also gives Bumper Addition of 10% of initial single premium at vesting & on death.

4. Saving & Investment Plans: The saving & investment plan gives you dual benefit of protection & long term savings. Along with that an assured sum for your future need. Saving & Investment Plans - Currently available products to purchase a.HDFC SL Crest It is insurance cum investment plan that provides valuable financial protection to your family when needed the most along with an investment option for certainty of highest NAV along with a guarantee on returns. b.HDFC SL ProGrowth Super II It is savings-cum-insurance plan that will help you naturally provide the best for your family, be it today or tomorrow. c.HDFC SL ProGrowth Maximiser - This plan strives to maximize your returns so that ensuring the best for your loved ones is easy. d. HDFC Endowment Assurance Plan- The plan will give your family a guaranteed lump sum on maturity or in case of your unfortunate demise. e. HDFC Money Back Plan- The plan gives you proportion of the basis Sum Assured as cash lump sums after every 5 years. f. HDFC Single Premium Whole of Life Insurance Plan- A single premium investment plan which provides long-term real growth of your money. g. HDFC Assurance Plan- A long term saving plan that will secure the life of your family too. h. HDFC Savings Assurance Plan- A plan which comes 'With Profits' savings plan which helps you easily build your long-term savings and ensure that your family is protected even if you are not around. i. Sampoorna Samridhi Plan : Its is a simple traditional plan which has two unique options i.e. Enhanced Cash and Enhanced Life Cover. If the person goes for Enhanced Cash Option, he would get the usual Maturity Benefits along with additional Bonus and if he goes for Enhanced Life Cover he will get extra enhanced terminal bonus. Saving & Investment Plans - Old products not available for fresh purchase a. HDFC Unit Linked Endowment Plus II- With this plan you start saving today so that your family remains financially independent, even when you are not around. The plan gives you Loyalty Units to boost your fund value. b. HDFC SimpliLife- The HDFC SimpliLife Plan gives you the opportunity to maximize your savings & secure your familys future. c. HDFC Unit Linked Endowment II- The plans comes with additional benefits like Life option, extra life option, life & health option & extra life & health option.

d. HDFC Unit Linked Enhanced Life Protection II- Under this plan the sum assured chosen by you will automatically increased by 5% each year. e. HDFC Unit Linked Wealth Maximiser Plus - Its a unique single premium investment cum protection plan, which gives you Loyalty Units to enhance your fund value every year. f. HDFC Unit Linked Endowment Winner- The plan gives you the choice of thoroughly researched & select the investments. It comes with Bumper Addition to the fund value at maturity. Health Plan - Currently available products to purchase 5.Health Plan - Health plans give you the financial safety to get together health related contingencies. Due to changing lifestyles, health issues have acquired completely new dimension overtime, becoming more complex in nature. It becomes imperative then to have a health plan in place, which will ensure that no substance how critical your illness is, it does not impact your financial independence. a. HDFC Critical Care Plan Its provides for a lump sum payment on survival post diagnosis of a critical illness, so that in the event a critical illness strikes, you dont have to dig into those precious savings of yours. b. HDFC SurgiCare Plan Its provides you with timely support in case you have to undergo a major surgery and hospitalization, as the case maybe, ensuring your financial independence at all times.

Registered office : HDFC Life Insurance Company Limited, 'Trade Star', 2nd floor, 'A' Wing, Junction of Kondivita and M.V. Road, Andheri-Kurla Road, Andheri (East), Mumbai - 400 059.
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesnt 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.