The HDFC Savings Assurance Plan is an ideal plan to help you save and invest money regularly and build up a good long-term lump sum for your future needs. The premiums you pay are invested by HDFC Standard Life to give you good long term returns in the form of bonuses.
This plan offers you the following features:
Opportunity to save and invest regularly
An ideal way to secure long-term financial goals
Hassle free ‘no medical’ policy with minimal documentation
Very flexible optional benefits and payment options
You get tax benefits on premiums paid and on the lump sum you receive
The plan receives simple Reversionary Bonuses, which are usually added annually. At the end of the term an additional Terminal Bonus may be paid depending on the performance of the underlying investment.
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 to date.
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 to date.
HDFC Standard Life Insurance Company Limited. Insurance is the subject matter of the solicitation. HDFC Savings Assurance Plan. Form No: SN 16.
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