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All you need to know

Benefits:

  • Protect your investment from market risks with an Assured Maturity Benefit
  • Pay premiums only once or for a limited period of 5 years
  • Get increasing Loyalty Additions from the end of the 6th policy year onwards to boost the Fund Value
  • Stay protected during the entire policy term with life insurance cover

Maturity Benefit:

Your policy matures at the end of the policy term and all your risk cover ceases. On maturity of the policy, provided all due premiums have been paid, the Life Assured will receive higher of:

  • Fund Value
  • Assured Maturity Benefit (as defined below)

Assured Maturity Benefit = (101% * “Total Premiums” paid till date) less the Total Partial Withdrawals made till date (if any)

Death Benefit:

In case of the Life Assured’s unfortunate demise during the Policy term, provided all due premiums have been paid, the nominee will be paid the “Sum Assured on Death”. The “Sum Assured on Death” shall be the highest of:

  • Sum Assured less Partial withdrawals made(if any)
  • Fund value
  • 105% of total premiums paid till the date of death

Loyalty Additions

Loyalty additions (as percentage of the average fund value) will be added to the fund value in the form of additional units from the end of 6th policy year onwards, provided all due premiums have been paid. The Loyalty Additions will be added for both Single Pay and Limited Pay policies. Percentage of loyalty additions will vary with the Policy Year and have been outlined below:

Policy Year

Loyalty Additions

(as a % of average Fund Value)
6 0.50%
7 0.50%
8 0.75%
9 0.75%
10 1.50%

 

View Commission-related information

FAQs

In case of the Life Assured’s unfortunate demise during the Policy term, provided all due premiums have been paid, we will pay to the nominee the “Sum Assured on Death” The “Sum Assured on Death” shall be the highest of: 

  • Sum Assured less an amount# for Partial withdrawals made, if any (as detailed below) 
  • Fund value 
  • 105% of total premiums paid till the date of death* 

#The partial withdrawals to be deducted from the Sum Assured shall be: 

  • All partial withdrawals made during the two year period immediately preceding the date of death of the Life Assured. Upon the payment of the death benefit the policy shall terminate & no other benefits shall be paid 

*Guaranteed death Benefit.

You will not have the options of Fund Switch and Premium Redirection since your funds will be invested as per the Capital Shield Management Strategy   

you may withdraw the money from your funds to need the money The Life Assured is at least 18 years of age. 

  • The minimum partial withdrawal amount is 10,000. • The fund value after the partial withdrawal and any applicable charges (including applicable taxes and statutory levies, if any) is not less than 150% of annualized premium for limited premium payment policies.
  • The fund value after the partial withdrawal and any charges (including applicable taxes and statutory levies, if any) is not less than 25% of single premium for single pay policies.
  • For single premium payment policies, the maximum amount that can be withdrawn from the fund value throughout the policy term is 50% of single premium.
  • For limited premium payment policies, the maximum amount that can be withdrawn from the fund value throughout the policy term is 300% of the annualized premium. 
  • The partial withdrawals shall not be allowed which would result in termination of a contract. 

There are 2 Fund option to choose:- Capital Growth Fund & Capital Secure Fund 

Disclaimer

  • HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFC Life Capital Shield (UIN:101L112V02, Form No.501-140) is a Unit Linked Non-Participating Life Insurance Plan. This version of the product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer. Insurance policy is underwritten by HDFC Life. Purchase of Insurance policy is voluntary. ARN: PP/08/20/20220.ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.