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  • HDFC Life ClassicAssure PlusInvestment
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  • HDFC Life ClassicAssure PlusInvestment

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Online Buy Support

Branch Locator

Policy Holder Services

Fund Performance Check

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1800-266-9777 (All Days, from 9am to 9pm, Toll Free)
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Why HDFC Life Guaranteed Savings Plan?

A Non-Linked Non-Participating Endowment Life Insurance Plan to get a life cover and create a corpus fund for the future

  1. Provided all the due premiums have been paid & the policy is in force.

  2. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

  3. Annualised premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

  • Pay once or pay for 5 or 7 years at a frequency of your choice.
  • Sum Assured on Death is at least 10 times the Annualized3/Single Premium.

  • Get guaranteed1 lump sum at maturity and also know the amount upfront.

  • Policy loan available.

  • No need to undergo medical examination.
  • Tax benefits as per prevailing tax laws2

  1. Provided all the due premiums have been paid & the policy is in force.

  2. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

  3. Annualised premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Your Plan. Your Benefits

Flexibility to choose your policy and premium payment terms.

Select your core objective for buying an insurance cover

  • Maturity Benefit
  • Death Benefit
  • Loan

Maturity Benefit

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Check Eligibility Criteria

Before buying HDFC Life Guaranteed Savings Plan

ELIGIBILITY CRITERIA

ELIGIBILITY

MINIMUM

MAXIMUM

Age at entry (last birthday)

8years1

Single Pay: 45 years

Limited Pay: 55 years

 

Age at maturity (last birthday)

18 years

Single Pay: 55 years

Limited Pay: 65 years

 

Premium payment Terms

Single Pay

Limited Pay: 5 Years

 

Single Pay

Limited Pay: 7 Years

 

Maturity Sum Assured(Single Premium)

₹ 5,572

 

₹ 2,63,435

 

Maturity Sum Assured (Regular Premium)

 

₹ 30,359

 

₹ 9,98,769

 

Maximum Sum Assured on Death

₹ 10,00,000

Policy Term

Single Pay: 10 and 15 years
Limited Pay: 10 and 15 years 

 

1. Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest in the Life Assured on attainment of age 18 years.
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Your Required life cover to protect your family’s future is

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The values shown here are only for illustration. The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.

Have a question?

We’ll tell you everything you need to know about HDFC Life Guaranteed Savings Plan.

1 What is HDFC Life – Guaranteed Savings Plan?

HDFC Life – Guaranteed Savings Plan is a Non-Linked Non-Participating Endowment Life Insurance Plan where you get Guaranteed Lump Sum at Maturity provided all due premiums are paid and Sum Assured on Death is at least 10 times the Annualized/Single Premium.

2 What is the premium payment option?

3 Do I need to undergo medical examination?

4 What is the Maturity Benefit?

5 What is the Death Benefit?

In case of the Life Assured’s death during the policy term, the nominee will receive the Death Benefit. 

The death benefit is 100% of Total Premiums paid1 if death is due to causes other than accident during the waiting period of 90 days.

For accidental death during the waiting period of 90 days or death due to other causes2 post the waiting period of 90 days, the death benefit shall be highest of: 

  • 10 times the Single Premium/Annualized Premium3, for Single Pay/Limited Pay respectively
  • 105% of Total Premiums paid1
  • Sum Assured on Maturity
  • Any absolute amount assured to be paid on death, which is equal to the Sum Assured on maturity

For death after the expiry of the Waiting Period, the Sum Assured on Death is highest of:
  • 10 times the Single Premium/Annualised Premium3, for Single Pay/Limited Pay respectively
  • 105% of Total Premiums paid
  • Sum Assured on Maturity
  • Any absolute amount assured to be paid on death, which is equal to the Sum Assured on maturity
Upon payment of Death Benefit, the Policy shall terminate and No further benefits shall be payable


Disclaimer :

  1. Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
  2. Accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means. Accidental Death means death by or due to a bodily injury caused by an Accident, independent of all other causes of death. Accidental Death must be caused within 180 days of any bodily injury.
  3. Annualised premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any


For complete details, please read the Product brochure

 
 

6 Is there Policy Loan available?

Once a policy has acquired a Surrender Value, loans will be permitted on this product, subject to such terms and conditions as the company may specify from time to time. Our current terms and conditions are stated below:

  • The loan amount will be subject to maximum 80% of the surrender value.

  • The interest rate on loan is currently 9% p.a.

  • The interest rate shall be reviewed half-yearly and any change in the interest rate shall be effective from 25th February and 25th August each year. In case upon review the interest rate is revised, the same shall apply until next revision.

  • Before any benefi­ts are paid out, loan outstanding together with the interest thereon will be deducted and the balance amount will be payable.

  • Where the loan outstanding including interest exceeds 90% of the surrender value for a reduced Paid-up policy, then the policy will be foreclosed and the policyholder will be paid the surrender value less loan outstanding including interest.

  • If the Policy is in-force and all due premiums have been paid, the Policy shall not be foreclosed for non re-payment of loan.

T&C*

  1. Premium amount calculated for a 35 years old male, Sum Assured on Maturity of  ₹ 32,650, Premium Payment Term of 5 years, Policy Term of 10 years, monthly premium frequency, exclusive of Applicable Taxes & Other Statutory Levies.
  2. Provided all due premiums have been paid and the policy is in force.

ARN: EU/07/21/24447