HDFC TERM ASSURANCE PLAN

HDFC TERM ASSURANCE PLAN

This plan will ensure that incase of your unfortunate death your family is not affected by any financial burden. It ensures that your loved ones live their life with respect and dignity in your absence.

Features:

In this plan you get:

• The opportunity to choose the plan on a single life basis or on a joint life basis.

• Choice to pay the premium on a regular interval basis or on a single one- time premium.

• Protection cover to your family’s future by supporting them in case of their financial needs.

• High cover at a very affordable cost with the option to add additional benefits.

Benefits:

• In case of unforeseen circumstances or critical illness during the policy term, the sum assured + the additional benefits will be paid by the company to the nominee of the policy.

• There are no benefits to be paid to the life insured on his survival till the end of the maturity period.

Tax Benefits:

• Under Section 80C, you can save tax each year as premiums up to Rs.1, 00,000 are allowed as a deduction from your taxable income.

• Under section 80 D , additional premium paid for Critical Illness benefit or Accelerated Sum Assured benefit qualify for deduction up to Rs.15,000 (Rs.20,000 for senior citizens) from your taxable income.

• Under Section 10 (10D), the benefits you receive from this policy are completely tax-free, subject to the conditions specified therein.