Inspite of your best efforts, you do not end up savings regularly for your family’s and your future. Unexpected expenses, unplanned purchases and often, sheer lack of time defeat your efforts. Don’t you wish that someone would take on the responsibility of regularly savings your money for you? Auto build your savings with HDFC Savings Assurance Plan.
HDFC Savings Assurance Plan helps you conveniently build your long-term savings.
This plan offers you the following features
You can choose to save monthly, quarterly, half yearly or yearly as per your convenience
The chosen amount is automatically invested from your bank account into the plan.
You can choose to invest as little as Rs. 200 per month. And there is no limit to the maximum amount.
No underwriting or extensive documentation required.
The annual amount you pay is eligible for tax relief under Sec. 80 C
The maturity amount is completely tax-free under Section 10(10 D)
What is HDFC Savings Assurance Plan?
This plan is a ‘with profits’ savings policy, which offers the following features
The policy receives simple reversionary bonuses, which are usually added annually.
At maturity, the policy pays out the basic Sum Assured plus reversionary bonuses declared during the policy term. Interim or terminal bonus may also be payable.
On death during the first year, a sum equal to 80% of premiums received is payable. On death after the first year and during the policy term, all premiums paid to date will be returned with compound interest calculated at 6% per annum, subject to a maximum of the sum assured plus reversionary bonuses declared till date.
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