Features

• Level of Protection: Choose any amount as Sum Assured with a minimum of 5 times and maximum of 40 times your chosen annual regular premium
• Flexible Benefit Payment Preferences: Flexible payment preferences that let you choose any one of the two benefit payment preferences -
  1. Double Benefit
  2. Triple Benefit
• Choice of Funds: Choice to invest in any of the 7 funds depending on your risk appetite:
  1. Liquid Fund II
  2. Stable Managed Fund II
  3. Defensive Managed Fund II
  4. Balanced Managed Fund II
  5. Equity Managed Fund II
  6. Growth Fund II
• Term Limits: The minimum term of the policy is 10 years and maximum term is 25 years
• Age Limits:
  1. For Life Option - the minimum entry age is 18 years and maximum is 65 years.
     The maximum age limit at maturity is 75 years
  2. For Life Option Bumper Additions -
     50% of original annualised premium for a 10 year term
     100% of original annualised premium for a term of 11 years and more

Benefits

• Customise the ideal plan for your child by choosing the premium you wish to invest in along with the Sum Assured, depending on the level of protection required
• Bumper Addition feature available at maturity. Your fund value will be augmented by the Bumper Addition, which is a percentage of your average annualised premium and depends on the policy term chosen.
• The Triple Benefit payment preference helps you secure your child's immediate and future needs. In case of your unfortunate demise, we will pay the Sum Assured to your child (Nominee). Your family need not pay any further premiums. We will pay 50% of all the future premiums at the original level towards your policy and 50% of the premiums will be paid to the Nominee as and when due, on an annual basis. With a low FMC of only 1.25% per annum (of the fund's value), you can build great maturity values.
• You can choose to pay your premium either annually, half-yearly or monthly as per your convenience. You also have a range of convenient auto premium payment options.
• You can change your investment fund choices in 2 ways:
  1. Switching: You can move your accumulated funds from one fund to another anytime
  2. Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need
• Avail the tax benefits offered under section 80C and 10(10D) of the Income Tax Act, 1961.

Get an HDB Insurance in a few simple steps. Apply for a insurance today, and make your dreams come alive.

Apply Now