Product Information
Saving And Investment Plans
HDFC Life Capital Shield
Synopsis:
With HDFC Life Capital Shield, we bring to you an investment-cum-insurance plan that offers the potential of higher returns, by investing a part of your money in equity and the balance in debt, while also providing you with life cover. The allocation of your money to debt fund shall systematically increase over time to protect your capital.
Features:
- Protect your investment from market risks with an Assured Maturity Benefit
- Pay premiums only once or for a limited period of 5 years
- Get increasing Loyalty Additions from the end of the 6th policy year onwards to boost the Fund Value
- Stay protected during the entire policy term with life insurance cover
Benefits:
- Maturity Benefit :
Your policy matures at the end of the policy term and all your risk cover ceases. On maturity of the policy, provided all due premiums have been paid, the Life Assured will receive higher of:
1. Fund Value
2. Assured Maturity Benefit (as defined below)
Assured Maturity Benefit = (101% * “Total Premiums” paid till date) less the Total Partial Withdrawals made till date (if any). - Death Benefit :
In case of the Life Assured’s unfortunate demise during the Policy term, provided all due premiums have been paid, we will pay to the nominee the “Sum Assured on Death” The “Sum Assured on Death” shall be the highest of :
1. Sum Assured less Partial withdrawals made(if any)
2. Fund value
3. 105% of total premiums paid till the date of death - Loyalty Additions :
Loyalty additions (as percentage of the average fund value) will be added to the fund value in the form of additional units from the end of 6th policy year onwards, provided all due premiums have been paid. The Loyalty Additions will be added for both Single Pay and Limited Pay policies.
Eligibility:
| PREMIUMS: |
MIN Single Pay: Rs.48,000 Annual: Rs.48,000 Half Yearly: Rs.24,000 Quarterly: Rs.12,000 Monthly: Rs.4,000 MAX No Limit |
| SUM ASSURED -SINGLE PREMIUM: | |
| MIN | MAX |
| Entry age less than 45 yrs | 125% of Single Premium |
| Entry age equal to 45 yrs or less | 110% of Single Premium |
| SUM ASSURED -LIMITED PREMIUM: | |
| MIN | MAX |
| Entry age less than 45 yrs | 10 times Annualised Premium |
| Entry age between 45 yrs or 54yrs | 7-10 times Annualised Premium |
| Entry age 55yrs or above | 7 times Annualised Premium |
| POLICY TERM: | 10 years |
| PREMIUM PAYMENT TERM: |
Single Limited - 5 Years |