2. ๏ก Term Insurance
๏ก Whole-life Insurance
๏ก Universal life Insurance
๏ก Variable life Insurance
3. ๏ก Term life insurance or term assurance is life
insurance which provides coverage at a fixed
rate of payments for a limited period of time,
the relevant term. If the insured dies during
the term, the death benefit will be paid to
the beneficiary.
4. ๏ก HDFCTerm Assurance Plan
๏ก HDFC Childrenโs Plan*
Note: * Childrenโs Plan is also categorized underVariable Insurance Policies
5. ๏ก A whole life insurance policy covers you for
your entire life, not just for a specific period
such as term insurance.Your death benefit
and premium in most cases will remain the
same. It does not allows the policyholder to
use the interest from his or her accumulated
savings to help pay premiums. Beneficiary
receives only face valueโฆbut no cash value.
6. ๏ก HDFC Personal Pension Plan
๏ก HDFC Immediate Annuity
๏ก HDFC Single PremiumWhole of Life Insurance
Plan
๏ก HDFC Saving assurance plan
๏ก HDFC Premium Guarantee Plan
๏ก HDFC Children plan*
Note: * Childrenโs Plan is also categorized underTerm Insurance Policies
7. SN. Name of policy Age
limit
Term
limit
Benefits Products of
life insurance
1 HDFC childrenโs
plan
18-60 10-25 Accelerated,
maturity, choose
seven target
Whole life
2 HDFC saving
Assurance plan
18-50 10-30 Flexibility ,
protection, no
medicals,
Whole life
3 HDFC personal plan 35-60 10-
40(R)
5-15(S)
Choose Whole life
4 HDFC immediate
annuity
Life
time or
over a
period
15yr. Death benefit Whole life
5 HDFC single
premium
18-70 Death benefit Whole life
6 HDFC Premium
Guarantee Plan
18-55 10-30 Maturity benefit
(Waiver of
premium)
Whole life
8. ๏ก Universal Life is a type of permanent life
insurance based on a cash value. Unlike whole
life insurance, universal life allows the cash
value of investments to grow at a variable
rate that is adjusted periodically.
๏ก Features:
1. premium flexibility (maximum- minimum
range, skipped payment permitted, cash value also changes)
2. cash value accumulationโฆvaries with interest
rates used by the insurer
9. ๏ก HDFC SL Crest
๏ก HDFC ProGrowth Super II
๏ก HDFC SLYoungStar Super II
๏ก HDFC Unit Linked Pension
๏ก HDFC Unit Linked Endowment
๏ก HDFC Unit LinkedYoung Star
๏ก HDFC Unit Linked Pension II
10. ๏ก A form of whole life insurance, variable life
insurance provides permanent protection to
the beneficiary upon the death of the policy
holder. It builds a cash value. In aVUL, the
cash value can be invested in a wide variety
of separate accounts, similar to mutual funds
12. S
N
.
Name of the Product Age
Limit
Term
Limit
Benifits
1 HDFC Money Back Plan 12-60 10-30 i)Critical Illness
ii)Addn. term benefit
iii)Accdntl. Benefit
iv)Waiver of premium
2 HDFC SL New Money
Back Plan
14-53 12,16,
20
and
24
i)Money Back
ii)Maturity+Death benefit
3 HDFC Endowment
Assurance Plan
12-60 10-30 Same as above
