HDFC Life Star Saver

On staying invested for a chosen policy term, you get a tax free guaranteed lump sum amount on maturity, which is paid to you as a combination of:

Sum Assured on Maturity + Accrued Guaranteed Additions + Loyalty Benefit

Where,
Sum Assured on Maturity is a guaranteed amount equal to basic sum assured, which is paid to you at the end of a chosen policy term after you have completely paid the required premium amount as and when due. Basic sum assured is calculated based on your age, policy term and the annual premium paid.

Guaranteed Additions are credited to your policy at the end of each policy year and are calculated as a percentage of Sum Assured on Maturity (see table below). These are accrued over the entire policy term and paid to you at the end of the policy term

Loyalty Benefit is a special benefit paid to you as a percentage of sum assured on maturity if you have paid all applicable premium amounts and stay till the end of your policy term.

% is defined as % of Sum Assured on Maturity

While you pay premium only for 5 years, you get death benefit over the entire policy term.

This ensures financial protection for your family in case of an unfortunate event of death where a lump sum amount is paid to your nominee.

Death Benefit = Higher of (Sum Assured on Maturity or 10 times¹ the annualized premium² or 105% of the total premiums paid)+ Accrued Guaranteed Additions

In addition to death benefit, you also get additional death benefit of an equivalent amount in case of an unforeseen event due to an accident.

Policyholder may be eligible for tax benefits under following Sections of the Income Tax Act, 1961, subject to provisions contained therein.

• U/S 80C of the Income Tax Act 1961 on your premiums paid¹
• U/S 10(10D) of the Income Tax Act 1961 on the maturity proceeds of your Policy¹
• U/S 80 D of Income Tax Act 1961 on the premium paid towards critical illness rider, if opted for¹