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‘A plan that helps you save for your future goals’.
The insurance market is filled with several insurance products, each having its benefits. If you are looking for a plan that offers financial protection to your family in your absence and guaranteed income benefits on survival, then you should consider ‘HDFC Life Guaranteed Wealth Plus’.
HDFC Life Guaranteed Wealth Plus is a non-participating, non-linked savings life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
This plan offers a range of benefits such as the return of premiums, survival benefits, guaranteed income benefits, guaranteed surrender value, policy loans, policy revival, etc. You can save a lump sum amount to fulfill your future goals using this plan. This plan also provides you with a grace period to avoid penalties in case you miss any premium payment. This plan comes in two variants: The lump sum variant and the Income variant.
HDFC Guaranteed Wealth Plus Plan offers you a range of benefits including:
Minimum Age - 12 years Maximum Age - 60 years
Maximum Maturity Age - 103 years
12 to 43 years
Single Pay, Limited Pay: 5,6,7,8,10 and 12
Monthly, Half-yearly and Yearly
NA
Let's understand how the HDFC Life Guaranteed Wealth Plus Plan works with a simple premium illustration.
Mr. Digvijay, a 30-year-old individual is looking for an investment plan to create long-term wealth for his child.
His financial advisor advised him to buy the HDFC Life Guaranteed Wealth Plus. He visited PolicyX.com
Let's understand how the HDFC Life Sanchay Plus Plus Plan works for him with a premium illustration table.
Age of policyholder | Annual Premiums | Policy tenure | Sum Assured |
30 years | 2,50,000 | 15 years | Rs 32.5 Lakhs |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 22,72,489 are paid to the policyholder.
Here are some features of HDFC Guaranteed Wealth Plus:
You get a free look period of 30 days under this plan to review the terms and conditions of the policy and if you are dissatisfied with the policy you can return the same to HDFC Life and get your money after certain deductions.
The grace period helps you avoid penalties and late fees on premium payments. If by any chance there is a delay in the premium payment you can get a grace period of 15 days if the premium is paid monthly and 30 days if the premium is paid annually.
If your policy is canceled, lapsed, or expired then it can be revived within five years from the date of unpaid premium. The revival is subject to approval by HDFC Life.
If you have paid a premium for two years then your policy can attain a guaranteed surrender value. This surrender value depends on the guaranteed surrender value factor.
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There are various benefits to buying the HDFC Life Guaranteed Wealth Plus Plan. Let’s understand each of them in detail:
Here is the list of documents required to buy the HDFC Life Guaranteed Wealth Plus:
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 Wealth Plus 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 Wealth Plus'.
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 Wealth Plus offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
HDFC Life Guaranteed Wealth Plus is a combination of term and savings plans as it offers death benefits to your loved ones in the event of your uncertain demise and maturity benefits if you survive the policy term. If you are still confused in deciding to choose the plan then you can contact us at PolicyX.com. One of our representatives will reach out to you shortly. We are an IRDA-approved insurance comparison portal that helps you compare various plans.
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.
There are two plan options available under HDFC Guaranteed Wealth Plus: Lump sum and Income benefit.
Yes, the Income option of the HDFC Life Guaranteed Wealth Plus plan offers you a return of premiums paid on maturity.
You can buy an HDFC Life Guaranteed Wealth Plus Plan by visiting the official website of HDFC Life, by visiting their nearest branch, or by PolicyX.com.
You can choose any of the following riders- Accident Disability Rider, Critical Illness Plus Rider, or Protect Plus Rider with this plan.
The minimum age to buy an HDFC Guaranteed Wealth Plus plan is 12 years.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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February 5, 2023
Asia/Kolkata
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