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Why HDFC Life Wealth Maxima is just right for you?

A Non–Participating Unit Linked Individual Life Insurance Savings Policy

  • This plan is suitable for investors looking for efficient wealth creation options and want to ensure higher financial protection for their family as their responsibilities grow.

  • 3 plan options to suit your life stage needs

  • Comprehensive life cover

  • 3 investment strategies to suit your risk appetite

  • Systematic investment option to benefit from equity markets

  • Lorem ipsum dolor sit amet, consectetur adipiscing elit
  • Lorem ipsum dolor sit amet, consectetur adipiscing elit
  • This plan is suitable for investors looking for efficient wealth creation options and want to ensure higher financial protection for their family as their responsibilities grow.

  • 3 plan options to suit your life stage needs

  • Comprehensive life cover

  • 3 investment strategies to suit your risk appetite

  • Systematic investment option to benefit from equity markets

  • Lorem ipsum dolor sit amet, consectetur adipiscing elit
  • Lorem ipsum dolor sit amet, consectetur adipiscing elit

Your Plan. Your Benefits

View the benefits available for you

  • Plan options
  • Maturity Benefit
  • Investment Strategy
  • Benefit Top-up
  • Loyalty Benefit
  • Tax Savings

Plan options

Check Eligibility Criteria

ELIGIBILITY CRITERIA

Minimum Age at Entry

Maxima Invest : 0 Years
Maxima Family & Maxima Child1 : 18 Years

Maximum Age at Entry

Maxima Invest : 65 Years
Maxima Family: 55 Years
Maxima Child : 50 Years

Maximum Age at Maturity

Maxima Invest : 75 Years
Maxima Family: 70 Years
Maxima Child : 65 Years

Policy Term

10, 15 to 20 Years

Premium Payment Term

Same as policy term

Premium Payment Frequency

Annual, Half-Yearly, Monthly2

Minimum Premium

Annual : ₹36,000
Semi Annual : ₹24,000
Monthly : ₹4,000

Top Up Premium

Minimum : ₹6,000
Maximum : ₹7,80,000

Sum Assured

For age till 44 : Annualized premium x 10
For age above 44 years : Annualized Premium x ( 7 or 10)

Top Up Sum Assured

1.25 times top-up premium


1. In case of Maxima Child, the nominee must be a minor child.(age at entry 0-17 years)
2. For monthly mode, 3 monthly premiums will be required to be paid on the commencement of the policy.

Charges

A. Premium Allocation Charge (as a percentage of premium)

Year

Annual

Half-Yearly and Monthly

1st

6.00%

4.75%

2nd - 5th year

4.00%

3.25%

6th year onwards

2.50%

2.50%

B. Policy Administration Charges (as a percentage of premium)

Year

Charges as a percentage of annual premium

1st - 5th year

0.20% per month

6th year onwards

0.30% per month

The maximum policy administration charge is capped at ₹500 per month


C. Fund Management Charge

Fund Management Charge is a charge levied on a daily basis as a percentage of the value of assets held in the unit fund at the time of computation of the unit price. The Fund Management Charges applicable, at present, are as follows:

Fund Name

% of Fund Value (per annum)

Individual Prime Equity Fund

1.35%

Individual Growth Fund

1.25%

Individual Balanced Fund

1.25%

Individual Secure Fund

1.00%

Individual Preserver Fund

1.00%

Active Asset Allocation Fund

1.35%

The maximum Fund management charge is capped at 1.35%

D. Charges on Partial Withdrawal / Fund Switching / Re-direction: Nil

The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.

For more details on risk factors, associated terms and conditions and exclusions, please read sales brochure carefully before concluding a sale. HDFC Life Wealth Maxima (UIN: 101L162V01) is the name of the Non–Participating Unit Linked Individual Life Insurance Savings Policy.

Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand and HDFC Life Wealth Maxima (UIN: 101L162V01) is only the name of the unit linked life insurance contract. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

ARN: EU/07/22/28278