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About HDFC Life Classic Assure Plus Plan

  • HDFC Life ClassicAssure Plus plan is a traditional savings plan that offers financial protection along with guaranteed returns. It provides a combination of life cover and savings, ensuring that your loved ones are financially secure in your absence. The plan also offers bonuses, which help in maximising savings and providing additional benefits. With HDFC Life ClassicAssure Plus, you can enjoy the dual benefit of savings and protection, making it an ideal choice for securing your family's future.
  • Ensure your family's financial security with a lump sum payment in case of your unfortunate demise during the policy term.
  • Secure your long-term financial goals by receiving a lump sum payment (sum assured plus accrued bonus) on surviving until the maturity date, with a short-term premium payment obligation.
  • Choose your premium payment frequency from options such as Annually, Half-Yearly, Quarterly, or Monthly based on your convenience.
  • 5% discount on the basic premium for a sum assured of ₹10 lakh and above. Refer to the product brochure for more information.
  • Click here to download the brochure.

Key Features of HDFC Life Classic Assure Plus plan

Convenience

  • Limited premium payment: Make premium payments for only 7 years for a policy term of 10 or 15 years or pay premiums for only 10 years for a policy term of 15 or 20 years.
  • Sum assured and premiums: Choose your sum assured based on your needs. The minimum instalment premiums are ₹12,000 for Annual, ₹6,000 for Half-Yearly, ₹3,000 for Quarterly, and ₹1,000 for Monthly frequency.
  • Bonuses: Guaranteed Simple Reversionary Bonus is a minimum of 3% p.a. as a percentage of the Sum Assured during the premium payment term. After the premium payment term, the policy will continue to earn reversionary bonuses as declared by the company. An additional Terminal Bonus may be added at the end of the term.
  • No medicals: You can opt for this plan without any medical examination if you meet the eligibility criteria based on a short medical questionnaire. Contact your Relationship Manager for more information.
Convenience

Plan details

Get started with your HDFC Life ClassicAssure Plus policy

  • A Welcome Letter: A letter confirming the approval of your HDFC Critical Care policy from HDFC Life
  • A Welcome SMS: An SMS welcoming you as an HDFC Critical Care Plan customer.
  • A Policy Document: A letter from HDFC Bank and HDFC Life covering the keys features of the policy.
    Once you have purchased a HDFC Life ClassicAssure Plus policy, you will receive a Login ID and password so you can view your policy details.

Age and term limits: Choose a policy term of either 10, 15, or 20 years.

  • For the 10-year term, the entry age is 8 years to 55 years.
  • For the 15-year term, the entry age is 3 years to 60 years.
  • For the 20-year term, the entry age is 30 days to 55 years.
  • The maximum age at maturity is 65 years for the 10-year term and 75 years for the other terms.
Plan details

Did you know?

  • You can save regularly by investing a small amount periodically to meet future financial goals.
  • You can give a Standing Instruction / ECS to renew your premium payment.
  • You can start early with your insurance policy and earn more by the power of compounding.

You can also benefit from:

  • A Children's Plan that lets you secure your children's dreams by financing the key milestones in their lives.
  • A Protection Plan that enables you to secure your family's financial independence.
  • A Retirement Plan that gives you financial independence to live without compromising your standard of living even after you retire.
  • A Health Plan that gives you the financial security to meet health related contingencies.
Did you know?

Commission for Life Insurance

Details of the Commission earned by the Bank as corporate agent from Life Insurance distribution business are as follows:

Category First Year Commission   2nd Year Renewal Commission   Single Premium Commission  
  Min Max Min Max Min Max
Pension 15% 35% 1% 3% 2% 2%
Protection 12% 35% 1% 5% 2% 7.50%
Savings & Investment 15% 35% 1% 7.50% 2% 2%
Health 15% 35% 1% 5.00% - -

Please note, commission payable for group products is 5%

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

Commission for Life Insurance

Important Disclaimer

HDFC Standard Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011 : - The policy holder may avail of benefits are as provided under the tax laws. The premium would be subject to Service tax & education cess as per applicable tax rates. Tax laws are subject to change on the basis of the amendments made from time to time.

HDFC Standard Life Insurance Company Limited. In Partnership with Standard Life Insurance is the subject matter of the solicitation. For more details on risk factors, terms and conditions and exclusions please read the product brochure before conclusion of sale. HDFC Life ClassicAssure Plus Form No: P501-113 & UIN: 101N089V01 is a traditional insurance product offered by HDFC Life. This is a participating plan. The name of the company, name of the brand and the name of the product does not indicate the quality of the plan. HDFC Standard Life Insurance Co.Ltd. Reg.No.101

HDFC Bank Limited (" HDFC Bank") is a corporate insurance agent of HDFC Standard Life Insurance Company Limited (" HDFC Life") under Corporate Agent's license no.933982 issued by Insurance Regulatory & Development Authority of India and does not underwrite the risk or acts as an insurer. The insurance is underwritten by HDFC Life. This policy is issued to you by HDFC Life and is subject to the terms and conditions governing such policy. The contract of insurance is between HDFC Life and the insured only, and not between HDFC Bank and the insured. HDFC Bank acts merely as the corporate agent of HDFC Life and there is no direct or indirect linkage between the provisions of the banking services offered by HDFC Bank. Your participation in this product is purely on a voluntary basis. HDFC Bank is not responsible or liable for performance of any obligations under the insurance contract.

Important Disclaimer

More About HDFC Life Classic Assure Plus

HDFC Life Classic Assure Plus offers a range of features including limited premium payment options, flexibility in choosing the sum assured, guaranteed bonuses, and the option to purchase an annuity. The plan also allows for a higher premium allocation rate from the 11th year onwards, enhancing long-term investing benefits. Additionally, it offers a choice of policy terms and entry ages, ensuring suitability for a wide range of individuals. With no medicals required under certain conditions and tax benefits under sections 80C and 10(10D) of the Income Tax Act, this plan provides comprehensive coverage and flexibility for policyholders.

HDFC Life Classic Assure Plus offers several benefits, including:

  • Financial protection: The plan provides a lump sum payment to your family in case of your demise during the policy term, ensuring their financial security.
  • Long-term savings: On surviving until the maturity date, you receive a lump sum payment comprising the sum assured plus accrued bonus, helping you achieve your long-term financial goals.
  • Premium payment flexibility: You can choose to pay your premiums annually, half-yearly, quarterly, or monthly, based on your convenience.
  • High sum assured discount: Enjoy a 5% discount on the basic premium for a sum assured of ₹10 lakh and above, making the plan more affordable.
  • Loan facility: Avail of loans on this plan, providing you with financial flexibility when needed.

To apply for HDFC Life Classic Assure Plus Plan online, you can visit the HDFC Bank website and navigate to the section for life insurance products. Locate the Classic Assure Plus plan and click on the "Apply Now" or "Buy Now" button. You will be directed to a page where you can fill out the application form online. Provide all the necessary details accurately and review the information before submitting the form. Once your application is submitted, HDFC Life's representatives will guide you through the further process, which may include document submission and premium payment.

*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

Frequently Asked Questions

The total sum assured in HDFC Life Classic Assure Plus plan is the guaranteed sum assured plus bonuses accrued over the policy term. This sum is payable on death or maturity, providing financial security and benefits to the policyholder or their beneficiaries.

To check the status of your HDFC Life Classic Assure Plus plan, you can visit the HDFC Life website and log in to your account using your policy details. Alternatively, you can contact HDFC Life Customer Service through their helpline or email to inquire about your policy status. They will provide you with the necessary information regarding your policy, such as premium payment status, policy term, and current fund value.

To surrender your HDFC Life Classic Assure Plus plan online, you need to submit a surrender request form to HDFC Life. You can download this form from the HDFC Life website or obtain it from their branch offices. Fill out the form with your policy details and reason for surrendering the policy. Submit the form along with any required documents, such as your policy document and identity proof, to the nearest HDFC Life branch or send it by mail. Once processed, the surrender value of your policy will be paid out to you.