HDFC Life Term with Return of Premium

The plan provides life insurance cover for the entire policy term.

The policy issuance is hassle free and speedy as no medical tests are required while buying the policy.

In case of the unfortunate demise of the insured, an amount equal to sum assured on death is paid to the nominee. Sum Assured on Death is defined as higher of :

• Absolute amount assured to be paid on death, or
• 105% of total premiums paid till the date of death
•  ‘X’ times the Annualized premium for base policy, or
• Sum Assured on Maturity.
   

The multiple of ‘X’ times is defined as follows:

For Regular and Limited Premium:

At the end of the policy term, you will get an amount equal to 100% of the total Premiums paid¹ during the policy term.

Flexibility to choose the number of years you want to pay the premium

You can choose to pay Premium for 5 years (Limited Premium) or for the entire Policy Term (Regular Premium) as per your convenience

 The Premiums payable by female policyholders will be equivalent to the Premium for a three-year younger male.

You can save tax¹ on premiums you pay, under Section 80C; and

The premium returned back to you at the end of policy term is exempted from tax under Section 10 (10D) as per the prevailing Income Tax Laws.