HDFC Life Wealth Builder

Under this plan, you have an option to choose from two policy terms – 5 years or 10 years.

On completion of policy term, you will receive the fund value as on maturity date as the maturity benefit.

Fund Value as on Maturity Date = Unit price (NAV) as on Maturity Date X Number of units

On choosing a 10-year policy term, 50% Mortality Charges are returned to you on policy maturity in addition to the fund value payable.

In case of an unfortunate demise during the policy term, an amount equal to Death Benefit will be paid to the nominee as shown below. The amount of Death Benefit is equal to:

• Higher of chosen Sum Assured (including Top up Sum Assured, if any); or

• Fund Value; or

• 105% of premiums paid (including Top Up Premiums, if any)

Choose from 8 fund options with unlimited free switches. For complete details on the funds, please read the product brochure.

Systematic Transfer Plan:

By opting for a systematic transfer, you can ensure equity exposure in a systematic manner. Under this option, the allocated premium will first get invested in Individual Preserver Fund. Immediately thereafter and every month subsequently a pre-defined proportion of units will get switched from Individual Preserver Fund in to an equity-oriented fund. You can choose to switch into Capped Nifty Index Fund, Individual Prime Equity Fund or Individual Midcap Fund. The number of units will be subject to the NAV as on the date of switch.

Automatic Asset Rebalancing Strategy : This feature automates the percentage of equity exposure your allocated premium should have over the policy term - high at the start of the policy and then gradually decreasing to conserve the fund value as you approach your goal on policy maturity.

You will not be able to choose Automatic Asset Rebalancing strategy and Systematic Transfer Plan together.

Premium Allocation Charges

Policy Administration Charge

Maximum Policy administration charge is ₹ 500 per month

Fund Management Charges

Charges on Partial Withdrawal / Fund Switching : Nil

This plan allows you to save surplus money as top-up, whenever you want to. The top up premium adds to your fund value. 

You may be eligible for tax benefits¹ on premiums paid under section 80C and on maturity amounts under section 10(10D).