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Why HDFC Life Smart Protect Plan?

 A Non-Participating, Individual Life Unit Linked Insurance Plan

  • Choose from 4 Plan Options as per your needs

  • Boost your fund value with 4 kinds of Loyalty Additions (Return of 2X to 3X Mortality Charge, Return of 2X Premium Allocation Charge, Return of Fund Management Charge, Return of 2X of Investment Guarantee Charge) 

  • Get a Minimum Assured Benefit1 in the form of capital guarantee in spite of market fluctuations

  • Choose from 5 funds2 to optimize your investment returns

  • Flexibility to choose the premium payment option- Regular or Limited (5 to 12 years)

  • Reduce your Death Benefit Cover after a chosen period under Decreasing Cover and Decreasing Cover with Capital Guarantee plan options

     

  • Choose from 4 Plan Options as per your needs

  • Boost your fund value with 4 kinds of Loyalty Additions (Return of 2X to 3X Mortality Charge, Return of 2X Premium Allocation Charge, Return of Fund Management Charge, Return of 2X of Investment Guarantee Charge) 

  • Get a Minimum Assured Benefit1 in the form of capital guarantee in spite of market fluctuations

  • Choose from 5 funds2 to optimize your investment returns

  • Flexibility to choose the premium payment option- Regular or Limited (5 to 12 years)

  • Reduce your Death Benefit Cover after a chosen period under Decreasing Cover and Decreasing Cover with Capital Guarantee plan options

     

 1- Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options

2- With unlimited free switching. Available under Level Cover and Decreasing Cover

 1- Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options

2- With unlimited free switching. Available under Level Cover and Decreasing Cover

What makes this plan a must-have

You have the flexibility to choose your plan options.

Select your core objective for the insurance cover and view the benefits

  • Level Cover
  • Level Cover with Capital Guarantee
  • Decreasing Cover
  • Decreasing Cover with Capital Guarantee

Level Cover

This plan option provides a level cover throughout the policy term

Check Eligibility Criteria

Before buying HDFC Life Smart Protect Plan

ELIGIBILITY CRITERIA

Parameters

Minimum

Maximum

Age1 at Entry

Life Assured: 0 years (30 days)

 

Life Assured: 60 years

 

Age1 at Maturity

25 years

100 years

Premium Payment Term

 

Plan Option

Premium Payment Term

Option A: Level Cover

Option B: Level Cover with Capital Guarantee

Limited Pay (5 to 12 years)

Regular Pay (25 to 40 years)

Option C: Decreasing Cover

Option D: Decreasing Cover with Capital Guarantee

Limited Pay (5 to 12 years)

 

 

Policy Term2

25 years

40 years

Instalment Premium

 

Premium Payment Frequency

Minimum Instalment Premium

Limited Pay 5 and 6 years

Others

Annual

Rs. 50,000

Rs. 30,000

Half-Yearly

Rs. 25,000

Rs. 15,000

Quarterly

Rs. 12,500

Rs. 7,500

Monthly

Rs. 4,500

Rs. 3,000

 

 

Top-Up Premium:

Rs. 5,000 per Top-Up3

As per Board Approved Underwriting Policy (BAUP)

Sum Assured

Basic Sum Assured


10 times the Annualised Premium

 

For Top-Up Premium: 1.25 times the Top Up premium

As per Board Approved Underwriting Policy (BAUP)

Premium Payment Frequency

Annual, Half-Yearly, Quarterly, Monthly

1-All ages are expressed as on last birthday.

2-Risk cover starts from date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest on the Life Assured on attainment of age 18 years. In all cases, the relationship between the proposer and life assured shall be granted to the extent of insurable interest only.

3- Total top-up premiums paid, at any point of time during the policy term shall not exceed the sum total of the premiums paid at that point of time.

Customize your cover with these riders

Riders in insurance have an important part in contingency planning. A ULIP is incomplete without them.
  • icon

    HDFC Life Income Benefit on Accidental Disability Rider

    UIN: 101B013V03

    Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.

    DOWNLOAD
  • icon

    HDFC Life Critical Illness Plus Rider

    UIN: 101B014V02

    We pay a lump sum amount equal to the Sum Assured upfront if diagnosed with of any of the specified critical illnesses

    DOWNLOAD
  • icon

    HDFC Life Protect Plus Rider

    UIN: 101B016V01

    Get protected with a proportion of Rider Sum Assured in case of accidental death or partial/total disability due to accident or diagnosed with Cancer

    DOWNLOAD
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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 Smart Protect Plan

1 Why HDFC Life Smart Protect Plan?

HDFC Life Smart Protect Plan addresses your long-term savings needs and also provides you protection in the form of a life cover.

2 What are the premium paying frequencies available for this plan?

Annual, half-yearly, quarterly and monthly frequencies are available under this product.

3 Can I decrease the policy term and the premium payment term after the policy has been issued?

No, you cannot reduce the policy term and the premium payment term. However, you can increase the policy term and the premium payment term subject to boundary conditions.

4 Can I change my premium frequency after the policy has been issued?

Yes, as the Policyholder, You can alter the Premium frequency during the Premium Payment Term.

5 Are there any specific exclusions in this plan?

To know detailed information related to exclusions, read Product Brochure.

6 Can Riders be opted along with the plan?

Yes, you can opt for any of the following riders:

  • HDFC Life Income Benefit on Accidental Disability Rider
  • HDFC Life Critical Illness Plus Rider
  • HDFC Life Protect Plus Rider     

7 Does this plan offer tax benefits?

Premium(s) paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 19611, the benefits received from this policy are exempt from tax, subject to the conditions specified therein.

  1. The above stated tax benefits are subject to the provisions & conditions mentioned in the existing Income Tax Act, 1961. Tax Laws are also subject to change from time to time.  This material has been prepared for information purposes only, should not be relied on for tax or accounting advice. The customer is requested to seek tax advice from his/her Chartered Accountant or personal tax advisor with respect to his/her personal tax liabilities under the Income-tax law

ARN - PP/05/23/1799