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ALL YOU NEED TO KNOW

Age limit

Entry age from 45 to 70 years and age at maturity is from 60 years to 85 years

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Premium

Single Premium Plan: Pay the entire premium in a single instalment

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Ways to pay

Conveniently pay your premiums through multiple modes -- credit card, internet banking, cheque, auto debit facility

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Fund investment

Invest your money based on your risk appetite in a choice of funds including Income Fund, Balanced Fund, Blue Chip Fund and Opportunities Fund

Switch your money between funds to manage your risk

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Policy term

Get cover for a term of 15 years

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Tax benefit

Get tax benefits under 80C and 10 (10D) of the Income Tax Act, 1961

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Maturity benefit

Get fund value on date of maturity

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Death benefit

Beneficiaries will receive greater of Sum Assured (less withdrawals) or Fund Value or 105% of premiums paid

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Medical examination

Avoid a medical test by filling up a short questionnair

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View Commission-related information

As per RBI circular: RBI/2009-10/225 dated November 16, 2009, following are the details of the comparative commission earned by HDFC Bank from Insurance (Life), whose products are being distributed:

Commission, Brokerage and trail from Life Insurance

Category First Year Commission 2nd year Renewal Commission
  Min Max Min Max
Health 2% 35% 0% 7.50%
Pension 0.50% 7.50% 0% 2%
Protection 2% 35% 0% 2%
Savings & Investment 0.50% 30% 0% 3%
Group Product* 5% 5% 0% 0%


Note: The commission varies depending upon the Product in each category, tenure, amount of premium and premium paying term *For Group Products commission payable is 5% of the premium with a ceiling on the maximum payout as defined by Insurance Regulatory and Development Authority of India (IRDAI) from time to time.