All You Need To Know

Age Limit
Minimum Entry Age 18 years
Maximum Entry Age For Regular Pay - 70 years
For Limited 5 Pay– 70 years
For Limited 10 Pay – 65 years
Minimum Maturity Age 28 years
Maximum Maturity Age 80 years


Policy Term

Regular Pay/ Limited 5 Pay: 10 to 40 years

Limited 10 Pay: 15 to 40 years

Premium Payment Term and frequency

Limited 5 Pay or 10 Pay

Regular Pay

Premiums can be paid monthly, quarterly, half-yearly or annually

Basic Sum Assured

Minimum ₹50,00,000 and in multiples of ₹100,000 thereafter

Death Benefits

Flexibility to choose from 4 Death Benefit options:

Option 1 - Lump Sum benefit on Death.

Option 2 - Lump Sum benefit on Death & Monthly Income for next 10 years

Option 3 - Enhanced Sum Assured as Lump Sum benefit on Death

Option 4 - Enhanced Sum Assured as Lump Sum benefit on Death & Monthly Income for next 10 years

Sum Assured on Death for Option 1 & 2:

10 times the Annualised Premium

105% of all the Premiums Paid (excluding the underwriting extra premiums and modal loading), as on the date of death

Absolute amount assured to be paid on death

Minimum Guaranteed Sum Assured on Maturity

Sum Assured on Death for Option 3 & 4:

Basic Sum Assured increases by a simple rate of 5% per annum up to the time of death, subject to maximum of 200% of Basic Sum Assured

The nominee shall receive a monthly income equal to 1% of Basic Sum Assured chosen

Monthly income is paid for 10 years beginning with the next monthly anniversary following the date of death

Tax benefit

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

Riders

Enhance your protection with optional riders

Additional Features

Lower premiums rates for non-smokers and female lives

Large Sum Assured discount for higher coverage

Important Information

View Commission Structure

 

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% 40% 0% 10%
Savings & Investment 0.50% 35% 0% 7.50%
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.