HDFC SIMPLI LIFE PLAN

HDFC SIMPLI LIFE

In this plan you can boost your savings but at the same time you can also secure yourself and your family’s future. This is a unit linked plan which gives you an investment opportunity by providing selected and researched investments.

Features:

• The minimum regular premium is Rs.15, 000 and the maximum amount is Rs.1, 00, 000 in case of annual frequency, Rs.8000 for half yearly frequency.

• The minimum sum assured for this plan is Rs.75, 000 and maximum is 5, 00,000.

• The minimum entry age is of 18 years and maximum is 45 years.

• At retirement, the maximum entry age is 75 years.

• Opportunity to choose your investment from a list of 7 investment funds depending on your risk bearing capacity.

• The minimum term limit for this plan is of 15 years and maximum is 20 years.

• Your policy will get a fixed sum assured of 5 times of your annualized premium.

• This plan does not require you to undergo a medical check-up, instead a small medical questionnaire is enough.

Benefits:

• You can choose to pay your premium as either Monthly (through Standing Instructions or ECS facility), Half yearly or annually.

• If in case you have not opted for asset allocation., then you can change your investment fund choices in two ways:
  • Switching: You can move your accumulated funds from one fund to another anytime
  • Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need.

• You get the tax benefits under section 80C and 10(10) D of the Income Tax Act, 1961.

• In the long term, the key to building great maturity values is a low Fund Management Charge (FMC). We have a low FMC of only 1.25% per annum (of the fund’s value).
• This plan gives you additional bonus to the fund value at the time of maturity. Your fund value with the additional bonuses is the percentage of your original annualized premium.

• This plan provides protection to your family in your absence, and agrees to pay the fund value and the sum assured at the time of maturity to your family.