HDFC Term Assurance Plan

HDFC Term Assurance Plan

HDFC Term Assurance Plan is a term plan that safeguards your family’s financial protection in the event of your unfortunate demise and in addition to this it also provides you the option of selecting some add-on benefits like Critical illness, Accidental and Accelerated Sum Assured benefits.

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Features

  • Customize your plan by adding any of these optional benefits
    1. Critical Illness Benefit – Under this option an amount equal to sum assured is paid on diagnosis of 6 pre-specified critical illnesses
    2. Accidental Death Benefit– Under this option an additional amount equal to the sum assured is paid in case of death by accident
    3. Accelerated Sum Assured Benefit – Under this option an amount equal to sum assured is paid on diagnosis of 6 pre-specified critical illnesses and policy terminates
  • Flexibility to opt for single life or joint life basis (first claim)
    1. The flexibility to choose the premium payment frequency i.e. quarterly/half-yearly/annual

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      Advantages

      • High insurance cover at affordable rates
        1. Flexibility to opt for additional benefits at marginal cost to suit your needs
          1. Avail of premium discounts on the term plan for sum assured greater than Rs 25 lakhs
            1. Flexibility to choose the sum assured and policy term
              1. Option of paying single premium or regular premium
                1. Tax benefits subject to provisions under sections 80C, 80D and 10(10D) of the Income Tax Act 1961
                  1. Paying premiums is convenient with access to multiple modes – credit card, internet banking, cheque, auto debit facility.

                    Eligibility

                    This Plan can be taken on a single life basis or a joint (first claim) basis.

                    The age and term limits for a Regular Premium Policy are as follows

                    Min-Max Policy Term 10-30 years
                    Min-Max entry age 18-55 years
                    Maximum age at expiry 65 years

                    The age and term limits for a single premium policy are as follows

                    Min-Max Policy Term 5-15 years
                    Min-Max entry age 18-60 years
                    Maximum age at expiry 65 years

                    Age has to be taken as of "last birthday" basis

                    For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.