HDFC Life Wealth Maxima

3 plan options with different levels of life cover.

Maxima Invest: Suitable for those looking to grow their money in most efficient manner. In this option, Death Benefit = Higher of (10 times the annualized premium or Fund Value)

Maxima Family: For those who are looking at an ideal balance between investment and protection. In this option, Death Benefit = 10 times¹ the Annualized Premium + Fund Value

Maxima Child: To ensure your child’s dreams are fulfilled even in case of an unfortunate event. In this option, in addition to life cover being paid immediately, you get additional benefit of premium funding. Death Benefit Amount Paid Immediately = 10 times the Annualized Premium.

• Premium Funding : All future premiums are funded by the company on your behalf so that the plan still continues till maturity. On maturity, the fund value is paid to the beneficiary
• You can increase your life cover in same plan by moving from one plan option to another.
  

On completing the policy term, the fund value as on maturity date is paid as the maturity benefit.
Fund Value as on maturity date = Unit price as on maturity date X Number of Units

Choose from 6 fund options

Systematic Transfer Plan: This strategy ensures equity exposure in a systematic manner. Allocated Premium is invested in Individual Preserver Fund and starting immediately and thereafter, on every monthly anniversary, pre-defined proportion of Fund Value is transferred from Individual Preserver Fund to Individual Prime Equity Fund.

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

This plan allows you to invest surplus money as top - up, whenever you want to.

Not allowed in last 5 Policy years

This plan offers loyality additions at the end of 10th, 15th and 20th policy years if base annualized premium paid is ₹72,000 or more.

Loyalty Additions = 2% of (Fund Value on last business day of current year + Fund Value on last business day of previous year)/2

This plan offers tax benefits¹ on premiums paid under section 80C and on maturity amounts under section 10(10D)