HDFC Savings Assurance Plan is a 'With Profits' savings plan, which helps you build your long-term savings conveniently and ensures that your family is protected even if you are not around.
Eligibility Criteria | ||
Entry Age | Minimum: 18 Years | |
Maximum: 60 Years | ||
Max age of Maturity | 70 Years | |
Payment Modes | Yearly, Half-Yearly, Quarterly and Monthly | |
Notes: *For monthly mode: 3 monthly premiums to be paid in advance and renewal premium payment is allowed only through ECS, Credit card, Direct debit and EFT. | ||
Minimum | Maximum | |
Policy Term (Years) | 10 | |
Premium Payment Term(Years) | 10 |
Not Available
There are No Exclusions under this product.
Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Benefit is tax fee under section 10(10)D subject to fulfilment of terms and conditions
Know Claim Process of HDFC Savings Assurance Plan
HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC), India's leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.HDFC Ltd. holds 70.65% and Standard Life (Mauritius Holding) 2006 Ltd. holds 26.00% of the equity in the joint venture while the rest is held by others.
Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.