Top 6 HDFC Life Investment Plans – Check Premiums and Reviews Online

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Life Investment plans are the ones where amount is invested on the basis of the guidelines laid down in the Insurance Act. Let’s check the premiums and other details of HDFC investment plans in this post.

HDFC life investment plans offer a wide range of products at competitive rates in the insurance sector. Term plans, Child Plans, Savings Plans are some of the HDFC life investment plans available in the market.

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What are Life Investment Plans?

Life Investment plans are also known as Conventional policies under which money is invested according to the insurance act guidelines. Here, the insurance company promises the policyholder a sum assured as death benefit, which is payable if the policyholder dies during the term of the policy. Depending on the particular plan, the policyholder may also receive maturity benefit at maturity along with accrued bonuses.

Here are some features of traditional Investment Plans:

  • Traditional plans are long-term policies that are issued for a long duration.
  • The policyholder cannot withdraw money from such life investment plans in most cases
  • These plans are available as participating as well as non-participating plans.
  • The plans in the participating category are entitled for the profits earned by the company, while the non-participating plans are not entitled for any profits
  • The plans are available under the category of endowment or money back plan  .
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Top 6 HDFC Life Investment Plans

There are several attractive benefits and features offered by HDFC Life Insurance company under its traditional and HDFC investment plans as discussed below:

1. HDFC Life Sanchay plan

This is a traditional endowment plan that comes with the following features: 

Features

  • The plan offers guaranteed additions accumulated under the investment with every policy term that is complete and paid for
  • The policy pays the sum assured and accumulated additions gained to the insured at the time of maturity
  • If unfortunately, the insured dies during the policy year, a higher sum assured is paid together with assured additions
  • Smokers are levied with additional premium
  • The plan offers loan facility for up to 80 percent of surrender value
  • Tax exemptions are also available under the plan

Eligibility Criteria

Features Minimum  Maximum
Age of Entry 30 days 45 years
Age of Maturity 18 years 70 years
Term of Policy 15 years 25 years
Assured Sum INR 112, 953 No Maximum Limit
Premium Paid Annually INR 30,000 No Maximum Limit
Term of Premium Payment 5, 8, 10 years
Frequency of Premium Payment Yearly, half-yearly, quarterly, monthly  

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2. HDFC Life Super Income Plan

This is a savings plan that comes with a regular income. The features include:

Features

  • Under this plan, the policyholder gets to choose from 6 available options of regular income in varied combinations
  • The plan allows benefits on a monthly basis at the rate of 8% payout annually
  • At maturity, the insured gets bonuses including vested, interim and terminal bonus
  • In case of death of insured, a higher sum assured is offered
  • The plan offers loan facility for up to 80 percent of surrender value
  • Tax exemptions are also available under the plan

Eligibility Criteria

Features Minimum  Maximum
Age of Entry 30 days 59 years
Age of Maturity 18 years 75 years
Term of Policy 16 years 27 years
Assured Sum INR 128, 337 No Maximum Limit
Premium Paid Annually INR 24,000 No Maximum Limit
Term of Premium Payment 8, 10, 12 years
Frequency of Premium Payment Yearly, half-yearly, quarterly, monthly  

3. HDFC Life Classic Assure Plus Plan

Yet another HDFC investment schemes of endowment plan with features such as:

Features

  • Plan offers assured reversionary bonus
  • At maturity, the insured gets bonuses including reversionary bonus and terminal bonus
  • In case of death of policyholder, higher sum assured as well as interim and vested bonus is offered
  • The plan offers loan facility for up to 80 percent of surrender value
  • Tax exemptions are also available under the plan

Eligibility

Features Minimum  Maximum
Age of Entry 30 days 60 years
Age of Maturity 18 years 75 years
Term of Policy 10, 15, 20 years
Assured Sum INR 49, 447 No Maximum Limit
Premium Paid Annually INR 12,000 No Maximum Limit
Term of Premium Payment 7, 10 years
Frequency of Premium Payment Yearly, half-yearly, quarterly, monthly  

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4. HDFC Life Super Savings Plan

This one-time investment plan of HDFC is a traditional endowment plan offers the below mentioned benefits:

Features 

  • This participating plan allows the insured to earn simple reversionary bonus along with interim and terminal bonuses
  • The policyholder gets sum assured and vested bonus under the plan
  • The plan comes attached with an accidental rider benefit allowing added sum assured for accidental deaths of policyholders
  • The plan offers loan facility for up to 80 percent of surrender value
  • Tax exemptions are also available under the plan

Eligibility

Features Minimum  Maximum
Age of Entry 30 days 60 years
Age of Maturity 18 years 75 years
Term of Policy 15 years 30 years
Assured Sum INR 245, 145 No Maximum Limit
Premium Paid Annually INR 24,000 No Maximum Limit
Term of Premium Payment Equal to policy term
Frequency of Premium Payment Yearly, half-yearly, quarterly, monthly  

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5. HDFC Life Sampoorna Samridhi Plus

This conventional endowment plan is an HDFC guaranteed return plan that can be easily converted to a whole life plan. The features include:

Features 

  • The plan comes with two options of endowment and whole life endowment
  • The endowment with whole life offers the option of whole life coverage or till 100 years
  • At maturity, the plan offers assured additions as well as vested and terminal bonuses
  • In case of death of policyholder, higher sum assured as well as interim and vested bonus is offered
  • The plan comes attached with an accidental rider benefit allowing added sum assured for accidental deaths of policyholders
  • The plan offers loan facility for up to 80 percent of surrender value
  • Tax exemptions are also available under the plan

Eligibility

Features Minimum  Maximum
Age of Entry 30 days 60 years
Age of Maturity 18 years 70 years
Term of Policy 15 years 30 years or up to 100 years of age
Assured Sum INR 65, 463 No Maximum Limit
Premium Paid Annually INR 12,000 No Maximum Limit
Term of Premium Payment 5 years
Frequency of Premium Payment Yearly, half-yearly, quarterly, monthly  

6. HDFC Life Uday

This is again a traditional HDFC savings plan with below mentioned features, such as;

Features

  • This participating HDFC plan allow the insured to earn simple reversionary bonus, interim bonus and terminal bonus
  • At maturity, the plan offers assured additions as well as vested and terminal bonuses
  • The plan offers loan facility for up to 80 percent of surrender value
  • Tax exemptions are also available under the plan

Eligibility

Features Minimum  Maximum
Age of Entry 18 years 55 years
Age of Maturity 30 years 70 years
Term of Policy 12 years 15 years
Assured Sum INR 28, 465 No Maximum Limit
Premium Paid Annually INR 5,000 No Maximum Limit
Term of Premium Payment 8, 10 years
Frequency of Premium Payment Yearly, half-yearly, quarterly, monthly  

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FAQs: HDFC Life Investment Plans

What are the modes of making premium payment for HDFC traditional investment plans?

You can make payment for your HDFC investment plans via any method such as:

EBPP (Electronic Bill Presentment and Payment) bill pay
Via Drop box
Through Bank debit card
Via Cash/Cheque 
NEFT 

How to pay premium of HDFC investment plans via online mode?

For online payment, visit the e-portal of the insurer and enter the details of your policy such as policy number and DOB of and policyholder
In the next step, make the payment with your debit/ credit card or through online bank account
Confirm the payment details and get the receipt of the online premium payment 

How can I check status of my policy for HDFC Life investment plans?

You can check the policy status of HDFC Life investment plans online. For that you have to be a registered user. All you need is to log into the insurer’s website using your client ID and password to check the policy status.

What is the process to cancel policy for HDFC Life investment plans?

To surrender HDFC Life insurance policy, policyholders have to attach all the relevant papers together with the surrender form, which has to be duly filled. You have to then submit them at a branch nearby. The amount will be refunded within 72 hours in your bank account after deducting the applicable charges, stamp duty etc.

What is the policy renewal process for HDFC Life investment plans?

Here are the steps to renew your HDFC Life insurance policy online:
Login to your insurer’s website with your customer ID and password
Choose the policy to be renewed and click on the tab of ‘Pay Renewal Premium Now’
Pay via Credit/Debit Card or NEFT
Confirm the payment details and print receipt

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Feb 27, 2023
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PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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