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Insurance Company
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HDFC Standard Life Insurance Company Ltd
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Plan Name
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HDFC Single Premium Whole Of Life Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Investment
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UIN No.
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101N004V01
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About Plan
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HDFC Single Premium Whole Of Life Insurance Plan is a tailor-made plan well suited to meet your long-term investment needs.
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Minimum Entry Age
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18 years
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Maximum Entry Age
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70 years
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Minimum Premium
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Rs 23750
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Maximum Premium
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RS 4750000
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Minimum Sum Assured
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RS 25000
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Maximum Sum Assured
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RS 5000000
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Benefits
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| Particulars | Description |
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Death Benefits
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In case of unfortunate death your nominee gets the sum assured plus any attaching bonuses.
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Loan against policy
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Policy Loans are available post 6 months provided the eligible loan amount is at least Rs. 25,000.
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Surrender Benefit
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You can terminate the policy any time, after it has been in force for at least 6 months and receive a surrender value. After completion of 3 years there will be a guaranteed surrender value of 50% of premium paid. In addition to that additional discretionary surrender value also paid to you.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Your Money will be invested in a 'with profits Fund'. The Fund aims to provide secure and stable long-term growth. Normally, under Simple Premium Whole of life, we expect to declare a compound reversionary bonus for your policy every year and add it to your policy. In addition, on death, a terminal bonus might be payable based on company,s expences. You pay a single premium and the policy will pay you a lump sum.
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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 build into it, for a period of 4 weeks, after any one of the 10th, 15th, 20th and subsequent Five-years anniversaries, you choose to receive the sum assured plus any attaching bonuses, in full. Once th money has been received.
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04-Aug-09
11:26
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Life insurers asks IRDA to exclude mortality charges from the overall cap on ULIP
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03-Jun-09
12:01
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HDFC Standard Life launches ULIP 'wealth multiplier'
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21-May-09
12:35
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LIC & HDFC Std Life top in fin sector TV advertisers
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08-May-09
10:42
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Capital infusion of Rs 350 cr in FY10 : HDFC Standard Life
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07-May-09
13:11
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Focusing more on business than expansion : HDFC Standard Life
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06-May-09
08:41
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Total Premium Income Grows by 15% : HDFC Standard Life
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05-May-09
10:42
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HDFC Standard Life is expected to be listed by March 2011
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13-Mar-09
12:00
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Certified Programme in Insurance by HDFC Standard Life
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03-Mar-09
12:40
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HDFC Standard Life offers health savings plan
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28-Feb-09
12:40
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HDFC Standard Life launches SurgiCare - a Health Product
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18-Dec-08
10:43
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HDFC life launches ULIP policy 'HDFC Unit Linked Endowment Winner'
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08-Dec-08
19:13
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HDFC Life unveils Life Insurance Campaign
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28-Oct-08
11:46
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HDFC Standard takes musical route to brand
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