Product Information
Other Plans
HDFC Life Smart Woman Plan
Synopsis:
A life insurance policy for women that gives wings to your aspirations. The plan ensures your savings grow leaving you free to pursue your career and continue making a difference to those around you.
Features:
- Options to choose from 4 funds to suit your risk appetite:
- Income Fund: Higher potential returns due to higher duration and credit exposure
- Balanced Fund: Dynamic equity exposure to enhance the returns while the debt allocation reduces the volatility
- Blue chip Fund: Investments in large cap equities
- Opportunities Fund: Investments in mid-cap equities
- You can select any of the 3 Benefit Options, each created to meet specific needs such as:
- Pregnancy complications or birth of child with congenital disorder
- Diagnosis of malignant cancer of female organs
- Death of spouse (Only with Elite option)
- Classic – Under this option you can avail of premium waiver benefit with funding of next 3 years’ premiums.
- Premier – Under this option you can avail of premium waiver benefit with funding of next 3 years’ premiums and periodic cash payouts of 100% of next 3 years’ premiums.
- Elite – Under this option you can avail of premium waiver benefit with funding of next 3 years’ premiums and periodic cash payouts of 100% of next 3 years’ premiums along with coverage for death of spouse.
- Flexibility to choose the sum assured
- Convenience to choose policy tenure of 10/15 years
Benefits:
- Uninterrupted savings with waiver and funding of premiums for next 3 years on the following events
- Pregnancy complications or birth of child with congenital disorder
- Diagnosis of malignant cancer of female organs
- Death of spouse (Only with Elite option)
- Additional periodic cash payouts under Premier and Elite options
- Flexibility to make partial withdrawals to meet contingencies
- Avail of hassle-free annual premium payment option
- Tax benefits subject to provisions contained under sections 80C and 10(10D) of the Income Tax Act 1961
- Paying premiums is convenient with access to multiple modes – credit card, internet banking, cheque, auto debit facility.
Eligibility:
| Min-Max proposer entry age | 18-none years |
| Min-Max entry ages for female life to be assured | 18-45 years |
| Min-Max entry ages of spouse for elite option | 21-50 years |
| Min-Max maturity age for female life to be assured | 28-60 years |
| Min-Max age of risk cessation for spouse in elite option | 31-60 years |
| Min-Max annual Premium | Rs.24,000-Rs.1,00,000 |
| Min-Max sum assured to (age less than 45 years) |
10x - 40x annualized premium |
| Min-Max sum assured to (age equal to 45 years) |
7x - 40x annualized premium |
| Min-Max Policy Term | 10 or 15 years |