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HDFC Life Guaranteed Income Insurance Plan is a non-linked, non-participating life insurance saving plan. It offers a regular income payout for 16 to 20 years and ensures financial protection for your loved ones in case of your unfortunate demise.
HDFC Life Guaranteed Income Insurance Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 49 years
Maximum Maturity Age - 65 years
16 to 20 years
8 to 10 years
Annual,Semi-Annual,Monthly,Single
Minimum - Depends on Monthly Premiums Maximum - No Limit
Let's understand how the HDFC Life Guaranteed Income Plan works with a simple premium illustration.
Anubhav, a 40-year-old professional doctor is looking for an investment plan to create long-term wealth for his child's education abroad.
His financial advisor advised him to buy the HDFC Life Guaranteed Income Plan. He visited PolicyX.com
Let's understand how the HDFC Life Guaranteed Income Plan works for him with a premium illustration table.
Age of policyholder | Annual Premiums | Policy tenure | Sum Assured | Maturity Benefits |
49 years | Rs 50,000 | 20 years | Rs 10,00,000 | Rs 4,17,401 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 4,17,401 are paid to the policyholder.
Here are some features of HDFC Guaranteed Income Plan:
This plan offers a free-look period of 15 days to check if the policy aligns with your financial goals.
In case you wish to surrender your policy before the due date you can do so and avail the surrender value with applicable bonuses.
There are instances when you can miss your premium payments and your insurer may charge you a huge penalty. The grace period allows you to pay your missed premiums without any charges.
You can improve your protection by adding a suitable rider to this plan. Below is the list of riders available in HDFC Life Guaranteed Income Plan
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There are various benefits to buying the HDFC Life Guaranteed Income Plan . Let’s understand each of them in detail:
Here is the list of documents required to buy the HDFC Life Guaranteed Income Plan :
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the HDFC Guaranteed Income Plan official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Click on the ‘Investment’ tab.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of HDFC Life Insurance.
Hover over the 'Investment Plans' from the top of the menu.
Click on the 'HDFC Life Guaranteed Income Insurance Plan'.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the HDFC Life Guaranteed Income Insurance Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
If you are looking for an investment plan that offers guaranteed returns for you and your family you must opt for HDFC Life Guaranteed Income Plan. This plan offers guaranteed benefits.
For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
The minimum age to purchase an HDFC life-guaranteed income insurance plan is 18 years
There are various different premium payment frequencies including monthly, quarterly, half-yearly, and annually
You can opt for tax benefits under sections 80C and 80D.& 1010D.
You can expect an average return between 11 to 15 % under this plan.
Yes, a policy loan available under this plan.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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February 5, 2023
Asia/Kolkata
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