HDFC Life Guaranteed Wealth Plus

On survival till the end of policy term, the maturity benefit is payable depending upon the variant chosen at inception of the policy.

Lump Sum Variant : Maturity benefit is received as a lump sum at the end of the chosen policy term. Maturity Benefit is calculated as a fixed percentage of either single premium or the sum total of Annualized Premiums¹ payable under the Policy.

Income Variant: Maturity benefit is received as a lump sum at the end of the chosen policy term. Maturity Benefit will be equal to 100% of the total premiums paid² during the premium payment term.

Survival benefit will be received, on survival of life assured, during the policy term.

Lump sum variant: No survival benefit is applicable under this variant.

Income Variant: You will receive survival benefit in the form of guaranteed income in arrears as per the payout frequency chosen by policyholder during the payout term.

Guaranteed Income is calculated as is a fixed percentage of Annualized Premium1 and is payable in arrears as per the payout frequency chosen by policyholder. Guaranteed Income shall commence from 7th, 8th, 9th, 10th, 12th & 14th policy year in arrears for 5, 6, 7, 8, 10 and 12 Pay policies respectively and continues till the end of policy term.

In case of an unfortunate death of Life Assured during the policy term, Sum Assured on Death is payable and is defined as higher of:

• X times the annualized premium¹ for limited pay and 1.25 times the single premium for Single Premium Payment option for base policy; or    

• 105% of the Total Premiums Paid² up to the date of death;

For Limited Pay for Lump sum Variant (during the entire policy term) & Income variant (during the premium payment term), the multiple of ‘X’ times depends on the age at entry of Life Assured on date of inception of policy.

For Income Variant after the premium payment term, the multiple of ‘X’ times is defined as follows:

The plan provides life insurance cover for the entire policy term, which will keep your family financially secured by just paying once or for a limited term of 5, 6, 7, 8, 10 or 12 years.