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HDFC Life Guaranteed Investment Plans

HDFC Life Investment Plans

HDFC Life Insurance Company Limited, a prominent long-term life insurance solutions provider in India, was founded in 2000 and offers a variety of individual and group insurance products to perfectly cater to the mushrooming insurance needs of the consumers. Its investment plans are known to offer maximum financial protection to its customers, thanks to its long list of benefits.

Types of HDFC Life Investment Plans

Here is the list of the HDFC Life Investment Plans offered by HDFC. These are as follows:

1. HDFC Life Sanchay Plus

If you are looking to buy insurance that can provide maximum protection to you and your family, HDFC Life Sanchay Plus has got you covered! This is a popular plan from HDFC that offers guaranteed returns for you and your family. With this insurance policy, you can choose from any of the four options, including

  • Guaranteed Maturity
  • Guaranteed Income
  • Life-Long Income
  • Long Term Income

Features of HDFC Life Sanchay plus:

Following are the features offered by HDFC Life Sanchay Plus:

  • With the Life Long Income option, you’ll have a guaranteed income for the rest of your life, up to 99 years old.
  • One of the striking characteristics of the HDFC Life Sanchay Plus is that you’ll have the option of receiving guaranteed income in a lump sum or regularly for 10/12/25/30 years or up to 99 years as per your preference.
  • Receive guaranteed returns as a lump sum or as a recurring income to fulfil your diverse financial goals.
  • If the insured dies within the policy period, the nominee has the choice of receiving a lump-sum payment of periodical payments according to the benefit payout plan.
  • With the insurance plan, you will receive the benefits of insurance with an Annual Premium of more than 1.5 lakh rupees.

Eligibility Criteria:

Entry Age

Option 1: Guaranteed Income – 5 Year To 60 Years

Option 2: Guaranteed Maturity – 5 Year To 60 Years

Option 3: Life-Long Income – 50 Year To 60 Years

Option 4: Life-Long Income – 5 Year To 60 Years

Age At Maturity

Option 1: Guaranteed Income – 5 Year To 60 Years

Option 2: Guaranteed Maturity – 5 Year To 60 Years

Option 3: Life-Long Income – 50 Year To 60 Years

Option 4: Long Term Income –  5 Year To 60 Years

Premium Payment Term

Option 1: Guaranteed Income

5 Year (for Policy Term 10 to 20 Years)

6/7/8/9/10 Years (for Policy Term 12 to 20 Years)

Option 2: Guaranteed Maturity

7 Year (for Policy Term 7 to 12 Years)

8 Years (for Policy Term 8 to 13 Years)

9 Year (for Policy Term 9 to 14 Years)

10 Years (for Policy Term 10 to 15 Years)

11 Years (for Policy Term 11 to 16 Years)

12 Years (for Policy Term 12 to 17 Years)

Option 3: Life-Long Income

5 Years (for Policy Term 6 Years)

6 Years (for Policy Term 7 Years)

10 Years (for Policy Term 11 Years)

12 Years (for Policy Term 13 Years)

Option 4: Long Term Income

5 Years (for Policy Term 5 to 10 Years)

6 Years (for Policy Term 6 to 11 Years)

7 Years (for Policy Term 7 to 10 Years)

9 Years (for Policy Term 9 to 11 Years)

10 Years (for Policy Term 10 to 12 Years)

11 Years (for Policy Term 11 & 12 Years)

12 Years (for Policy Term 12 & 13 Years)

2. HDFC Life Sanchay Fixed Maturity Plan

The HDFC Life Sanchay Fixed Maturity Plan is a life insurance plan that protects your loved ones’ future in the event of unexpected circumstances while offering joint life insurance as well as major tax benefits. The major highlight of the policy is that it offers guaranteed returns in the form of a lump sum benefit to assist you in reaching your goals.

Features of HDFC Life Sanchay Fixed Maturity Plan:

Here are the features of the HDFC Life Sanchay Fixed Maturity Plan:

  • With the insurance plan, you can choose whether you want to insure yourself for a single life or a joint life.
  • The insurance policy offers guaranteed savings, so you can save for your future purpose.
  • The plan even allows you to improve your protection coverage with varied rider choices by paying extra money.
  • Are you on a tight budget? If so, this plan provides premium flexibility that would ultimately let you pay a single premium, a limited pay premium, or a regular pay premium.
  • With the insurance plan, you will have the flexibility to choose from a variety of policy terms ranging from one to forty years.
Entry Age

Maximum: For Single Life: 90 Days

For Joint Life: 90 Days

Maximum Age- 60 Years

Age At Maturity

Minimum: 18 years

Maximum Age- 80 Years

Premium Payment Term (PPT)5, 6 ,7 ,8, 10, 12, 15 , 20
Policy Term5 to 40 years

3. HDFC Life Sanchay Par Advantage

This is one of the popular insurance policies offered by HDFC that offers a comprehensive solution for you to produce a monthly income. HDFC Life Sanchay Par Advantage gives you the option of getting whole-life coverage, so you can receive a bulk amount to protect the future of your loved ones.

Features:

Listed below are the features of the HDFC Life Sanchay Par Advantage:

  • With the insurance plan, you will likely get guaranteed life insurance up to the age of 100.
  • Decide whether you want immediate or postponed income.
  • Benefits are improved for insurance with an annual premium of 1 lakh or more.
  • The freedom to determine your payout date based on numerous milestones and financial objectives.
  • One of the biggest features of the plan is that the minimum death benefit will be equal to 105% of all premiums paid.

Eligibility Criteria:

Entry Age

Maximum: 0 Years

• Immediate Income-

50 years (For PPT 5 years)

65 years (For PPT 6, 7, 8, 9, 10, 12 years)

• Deferred Income –

55 years (for PPT 7, 8 years)

60 years (for PPT 9, 10, 12 years)

Age At Maturity100 years (maximum)
Premium Payment Term (PPT)

Immediate Income – 5,6,7,8,9,10,12 years.

Deferred Income – 7,8,9,10,12 years

Policy Term

100 minus Age at Entry or

A fixed policy term in the range of 25-40 years can be chosen

4. HDFC Life Classic Assure Plus

If you are looking for a plan that can provide cash protection in case of an unexpected death, then this HDFC Life Classic Assure Plus is an ideal choice! This is a participating insurance plan that provides a guaranteed reversionary benefit and cash protection against early death. No matter whether you want a huge corpus for achieving long-term financial goals or paying for your child’s dream education, the plan is ideal for long-term financial goals. Also, with the plan, you can easily secure the future goals of your family.

Features:

  • When you buy a policy with a Sum Assured of $10 lakhs or more, you are likely to get a 5% reduction on your basic premium.
  • The plan caters to your long-term financial objectives.
  • The plan even allows you to pay premiums for a period of 7 or 10 years and remain insured for the rest of your life. Also, it offers a loan facility.

Eligibility Criteria:

Entry Age

Min. Age- 8 Years

Max. Age- 55 Years

Age At Maturity65 Years
Premium Payment Term (PPT)7 or 10 Years
Policy Term10, 15, years

5. HDFC Life Super Income Plan

The HDFC Life Super Income Plan from HDFC is an ideal plan for people who are looking for a consistent stream of income, offering maximum protection to the users. The plan offers guaranteed income for an 8 to 15-year term while allowing you to share in the profits of the company’s participation fund through bonuses. Also, the plan even allows you to keep on track with their financial goals

Key Features:

  • After you’ve paid your premiums for a period of 8 to 15 years, you’ll get a steady income for the rest of your life if you choose the limited pay option.
  • With the single pay option, you can start receiving monthly payments as early as the second policy year and continue until the end of the insurance term.
  • Use reversionary bonuses and terminal bonuses, if any, to boost your regular income at maturity.
  • The plan is equipped with a wide gamut of premium payment and policy term options that would ultimately help you accomplish your financial objectives.
  • Insurance coverage for the duration of the policy.

Eligibility Criteria:

Age At MaturityMin.- 18 years, Max.- 75 Years
Premium Payment Term (PPT)8, 10, 12, 5
Policy Term16, 18, 20, 22, 24, 27, 15, 20

6. HDFC Sampoorn Samridhi Plus

Also known as a non-linked plan, this HDFC Sampoorn Samridhi Plus offers a 30-day grace period from the premium due date for yearly, half-yearly, and quarterly regularities. The plan allows you to protect the financial future of the family. Unless a guaranteed surrender value has been established, the policy will terminate if a premium due under the insurance is not paid during the grace period.

Features:

Here are the features of the HDFC Sampoorn Samridhi plan:

  • You will have an option to pay premiums for a set length of time equal to the policy term minus five years.
  • You have the option of staying covered for 15 to 40 years.
  • Get a higher sum assured if the insured dies in an accident.
  • You have the option of paying your premiums monthly, quarterly, half-yearly, or annually, depending on your needs.

Eligibility Criteria:

Entry Age

Min. Age- 30 days

Max. Age- 60 Years

Age At Maturity

Min. – 18 years

Max. Age- 75 years

Premium Payment Term (PPT)Policy term less 5 years
Policy Term

Min- 15 years

Max- 40 years

7. HDFC Life Uday

It is critical to saving for the future, but it is equally critical to safeguarding those savings. HDFC Life Uday is a popular insurance policy that may help you in achieving this goal by providing perks such as assured additions and bonuses, as well as ensuring that your family receives a lump sum payout in the event of your untimely death.

Features of HDFC Life Uday plan

Listed below are the features of the HDFC Life Uday plan:

  • With the plan, you can easily get insurance coverage for as little as $500 per month or $5,000 per year.
  • If you are on a tight budget, then you can even pay a single premium for 8 or 10 straight years and you will cover for 12 or 15 years.
  • For the first five years of your insurance, you can get a guaranteed annual increase of 3% on your sum assured. Also, with the plan, bonuses will be paid out at the end of each fiscal year.
  • In case of any unforeseen accident, you will likely get an additional death benefit to safeguard the future of your family.

Eligibility Criteria:

Entry Age

Min. Age-18 years days

Max. Age- 55 Years

Age At Maturity

Min. – 30 years

Max. Age- 70 years

Premium Payment Term (PPT)

For 12 years policy term- 8 Years

For 15 years policy term- 8 Years or 10 years

8. HDFC Life Pragati

Finding the best insurance plan that is a combination of both savings and protection? If so, HDFC Life Pragati may help you out! If the policyholder dies, surrenders, or matures during the inter-valuation period, the policy will be eligible for an Interim Bonus depending on the company’s bonus rates. With the plan, you can easily cater to the mushrooming financial needs of your family while getting maximum protection.

Features of HDFC Life Pragati:

The following are the characteristics of HDFC Life Pragati:

  • The plan is cost-effective as all you need is to pay monthly premiums of as little as Rs.100.
  • The ability to combine your preferred policy term and premium payment term.
  • The plan offers you the flexibility to pay the lump sum premium and get insured for 5 to 20 years.
  • If you miss a year or two of premium payments, we will continue to pay the full death9 benefit for two years from the date of the last missed premiums.

Eligibility Criteria:

Entry Age

Min. Age-8 years

Max. Age- 55 Years

Age At Maturity

Min. – 18 years

Max. Age- 65 years

Premium Payment Term (PPT)

Single Pay

Limited Pay – 5 Years to 10 Years

Regular Pay – 10 Years

Policy Term

Single Pay – 5 to 20 Years

Limited Pay – 10 to 20 Years

Regular Pay – 10 Years (Fixed)

9. HDFC Life Guaranteed Savings Plan

Got a life goal to accomplish? The HDFC Life Guaranteed Savings Plan protects your life goals by offering a guaranteed lump payout at maturity. Once a policy has obtained a Surrender Value, you can easily avail of a loan on this product, however, they are subject to the terms and limitations set forth by the firm from time to time.

Features of HDFC Life Guaranteed Savings Plan:

  • Life Insurance Coverage: Amount guaranteed on death that is at least ten times the annualised/single premium.
  • Guaranteed lump sum at maturity: You know exactly how much you’ll get when the policy matures after you’ve paid all of the required premiums.
  • Premium payment flexibility: All you need to do is sample pay for 5 or 7 years at a time that is convenient for you, or pay once.
  • There is no need for a medical examination because the policy is based on the self-declaration of good health. There is no need for a medical evaluation.

Eligibility Criteria:

Entry Age

Min. Age-8 years

Max. Age- Single Pay: 45 years, Limited Pay: 55 years

Age At Maturity

Min. – 18 years

Max. Age- Single Pay: 55 years, Limited Pay: 65 years

Premium Payment Term (PPT)

Min- Single Pay, Limited Pay: 5 Years

Max.- Single Pay, Limited Pay: 7 Years

Policy Term

Single Pay: 10 and 15 years

Limited Pay: 10 and 15 years

10. HDFC Life Pension Guaranteed Plan

The HDFC Life Pension Guaranteed Plan is a single-premium annuity that pays a guaranteed income for the rest of your life. For all possibilities, the product is available as a single-life or joint-life option. The Primary Annuitant will be the primary beneficiary of the payouts, while the Secondary Annuitant will be the beneficiary of the annuities if the Primary Annuitant dies before the Secondary Annuitant.

Features of HDFC Life Pension Guaranteed Plan:

  • Decide how much you want to pay for the purchase and how much you want to get in an annuity.
  • Decide if you want solo or joint life insurance.
  • You have the opportunity to top up your annuity payout at any time.
  • Depending on your financial needs, you can receive annuities monthly, quarterly, half-yearly, or yearly.

Eligibility Criteria:

Entry AgeMin. Age-30 years, Max. Age- 85 Years
Age At MaturityMin. – 18 years, Max. Age- 65 years
Premium Payment Term (PPT)Single Pay, (5 to 12 years)
Policy TermMin- 8 years, Max- 30 years

11. HDFC Life Guaranteed Pension Plan

If you are looking for a guaranteed return on the money invested after retirement, then you’ve reached the correct destination! The HDFC Life Guaranteed Pension Plan is a non-participating deferred pension plan that guarantees a payout upon death or vesting. The product includes annual guaranteed additions as well as a lump sum vesting addition payable at vesting.

Features:

  • The plan offers you the flexibility to make the premium payment ranging from 5 to 12 years
  • At vesting, a lump-sum vesting addition is unpaid.
  • The Guaranteed Death Benefit is equivalent to the total premium(s) paid to date.

Eligibility Criteria:

Entry Age

Min. Age-30 years

Max. Age- 85 Years

Age At Maturity

Min. – 18 years

Max. Age- 65 years

Premium Payment Term (PPT)

Single Pay

(5 to 12 years)

Policy Term

Min- 8 years

Max- 30 years

How Does HDFC Life Investment Plan Function?

Let’s consider an instance to understand!

Ram, who is working at IBM as a software engineer in New Delhi, aged 30 (aged 50 in case of the Life Long Income option) decided to choose HDFC Life Sanchay Plan. For maximum protection and financial security, he regularly pays a premium of Rs. 1 Lakh. On the maturity date, Ram will likely get the benefits mentioned below.

Plan

Option

Sum

Assured

Death

Benefi­t at

Inception

Policy

Term

(years)

Premium

Paying

Term

(years)

Maturity Benefi­t (INR)
Guaranteed Maturity1,250,0001,250,0002010Rs. 22,06,300 paid as a lump sum at Maturity
Guaranteed Income1,250,0001,496,5861312

Guaranteed Income^ of Rs. 2,09,000 p.a. from

14th year to 25th year (payout period of 12 years)

Long Term Income1,250,0001,250,0001110

Guaranteed Income^ of Rs. 97,750 p.a. from the 12th year to

36th year (payout period of 25 years) + Rs. 10,00,000 at

the end of the payout period (36th year)

Life Long Income1,050,0001,050,0001110

Guaranteed Income^ of Rs. 91,000 p.a. from 12th year

till age 99 years (38 years) + Rs. 10,00,000 at the end of the payout period.


During the payout period, a guaranteed income is paid in arrears on an annual basis (After the policy term).

  1. Premiums do not include any relevant taxes or levies.
  2. This example is only for the HDFC Life Sanchay Plus Plan, which is designed for a healthy male life.
  3. The values presented are solely for demonstration purposes. Please contact our Financial Consultant/Broker for a more thorough illustration. Details on perks and conditions can be found in the product brochure.

The benefits depicted in the sample graphic are for online-purchased policies.

Why Should Choose HDFC Life Investment Plans?

The following are the reasons to choose HDFC Life investment plans:

  1. It isn’t prohibitively pricey

The sooner you begin your insurance policy, the more benefits you will receive. Your premiums will be lower as a young person in good health, while your insurance coverage will be higher.

  1. It can assist you in taking care of your company

If you own your own business, you should absolutely consider investing in a term plan. This short-term insurance option has extremely low costs but provides a substantial payout if something were to happen to you. The funds will be used to assist your business partner in settling all of your accounts.

  1. It can assist you in achieving long-term goals

You can contribute little amounts that will be collected over time to help you buy your dream home or establish that business you’ve always wanted to start, depending on the insurance plan you choose.

  1. It assists you in making retirement plans

Not all types of insurance can assist you in making retirement plans. Fortunately, some insurance companies provide customized retirement plans in which you can invest. The sooner you invest in one of these plans, the more money you’ll have when you’re ready to retire.

  1. It acts as a safety net for those who are financially vulnerable

Your loss as an earning part of your family will affect your family not only emotionally, but also financially. Your family will have a financial safety net to support them through their grief if you have a strong HDFC life insurance policy.

How To Buy HDFC Life Investment Plans?

While the process of buying an online investment plan varies across insurance companies, it broadly involves the following steps:

  • Log on to the company website and then you will see a huge banner on the home page, including a range of options, including Savings, Fixed Maturity, Term Plan, Retirement Plan, and ULIP Plans.
  • After that, you need to click on the plan you want to buy.
  • If you want to buy a savings plan, you need to click on it.
  • After that, you will be redirected to the list of savings plans.
  • If you want to buy HDFC Sanchay Plus, for example, you will need to click on “Buy Online”.
  • You will then be redirected to the page wherein you need to enter details like First Name, Last Name, Date of Birth, Gender, Email Id, Mobile Number, etc.

 After that, you will need to answer the following questions:

  1. Have you or any members of your immediate family travelled outside of India in the last 45 days, or do you plan to travel outside of India in the next 6 months?
  2. Have you or any of your immediate family members tested positive for COVID-19, or are you awaiting the results of such a test, or have you been advised to be on COVID-19 quarantine?
  3. Are you or any of your immediate family members suffering from fever, persistent cough, sore throat, breathing difficulties, or gastrointestinal symptoms (vomiting/diarrhoea) now or in the last two months?
    • After answering the questions, you will need to choose any one option from Guaranteed Maturity, Guaranteed Income, Long Term Income, Life-Long Income.
    • After that, you will need to enter the premium amount (you wish to pay), premium frequency, policy term, and premium paying term.
    • Then, you will see the page displayed, stating the maturity benefit.
    • Finally, you will see the page showing the details of your plan. When you go down, you will see the “Buy Now” option.
    • A successful transaction will result in an acknowledgement.
    • The insurance company will contact you within three weeks to let you know whether or not your insurance policy has been approved by its underwriting team.
    • You will receive a soft copy of the policy, which will be followed by a hard copy, pending approval.

Offline Method:

You can call the company’s toll-free number 1800 266 9777 for purchasing a new investment policy. If you prefer to buy an investment policy in person, you can go to a nearby branch office, where an adviser from the organisation can help you understand and choose the appropriate investment plan for you. Also, you can simply connect with the company via WhatsApp on the number, i.e. +91-8291890569.

Frequently Asked Questions

Here’s the list of the frequently asked questions related to HDFC Life Investment Plans:

The possibilities are as follows:

  • Adjust the sum assured within the premium paid
  • If there are any riders, they can be removed to adjust/reduce the premium.
  • Can alter the frequency or duration (Policy term or premium paying term).

Your policy will be underwritten by the company after receiving payment and all needed documentation, including a medical report (if applicable). Within two working days of receiving the essential inputs, the organisation will tell you of its decision (premium payment, application form, documentation, medical reports or information as required).

Yes. Once in force, term insurance entitles the individual’s nominee(s) to benefits even if the person dies outside of India.

Yes. NRIs with dual citizenship who qualify as Indian citizens are entitled to get term insurance in India.

Extra paperwork about your medical history may be requested in some situations, and additional medical testing may be required. This is usually done after a first level underwriting has been completed, as sufficient information may not be available for the company to decide on your application.

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