HDFC WEALTH BUILDER Life Insurance

HDFC WEALTH BUILDER

It is a plan which will help you to increase your wealth and give you dual advantage of exclusive funds with limited premium payment term.

It provides financial protection to your family and at the same time tries to boost your wealth.

Features:

• Along with the fund value it gives you additional bonus at the time of maturity.

• You can ask the investment manager to take decisions regarding the re-allocation of funds between debt and equity when the market conditions keep changing.

• You get a choice of premium payment term for 3 years or 5 years.

• It gives you a choice to invest in any of the 4 funds depending on your risk bearing capacity.

• If the premium payment term is of 3 years then the minimum entry age is 18 years and maximum is 55 and at the time of maturity the maximum is 65 years.

• If the premium payment term is of 5 years then the minimum entry age is 18 years and maximum is 55 and at the time of maturity the maximum is 70 years.

• If the premium payment term is of 3 years then the term period will be of 10 years.

• If the premium payment term is of 5 years then the term period will be of 15 years.

• Your funds can be accessed on maturity, on death, on surrender or on partial withdrawal.

• The minimum premium to be paid for the first 3 years is Rs.2, 50,000 p.a and there is no maximum limit.

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

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 1.35% per annum (of the fund’s value).

• This plan provides you with the option of investing among the exclusive funds selected.

• At the date of maturity additional bonus will be added to your fund value, this will be a percentage of your average annualized premium.