HDFC My Assured Income Plan
  • Guaranteed income benefits
  • Terminal benefits
  • Life coverage
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HDFC My Assured Income Plan

‘A combination of income and family protection plan’. HDFC Life My Assured Income Plan is a perfect blend of a guaranteed income plan and a family protection plan. This plan offers you guaranteed incomes at specific durations along with a life cover to protect your family financially even after your untimely demise. You have to make premium payments for a limited term while you enjoy income benefits for a longer duration. This plan offers you a range of benefits including guaranteed income benefits, terminal benefits, enhanced protection through riders such as critical illness or term rider, death benefits, sum assured discount on higher premiums, etc. This plan offers three plan options to choose from- uniform income benefits, enhanced income benefits, and increasing income benefits. In case of the policyholder’s demise during the premium payment tenure, the death benefits are paid to their loved ones and the policy will lapse with immediate effect.

HDFC Life Assured Income Plan 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.

HDFC Life Assured Income Plan offers you a range of benefits including:

why-choose
  • Critical illness rider
  • Tax Benefits
  • Flexibility
  • 3 Plan options
  • Enhanced income benefit
  • Uniform income benefit

Eligibility Criteria for HDFC My Assured Income Plan

Your Occupation

Entry age

Minimum Age - 2 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - NA

Your Gender

Policy tenure

10 Years, 16 Years

Maternity Benefit Rider

Premium payment term

5 years, 8 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Monthly, Half-yearly, and Yearly

Maternity Benefit Rider

Sum assured

Minimum - NA Maximum - NA

How Does the HDFC My Assured Income Plan Work?

Let's understand how the HDFC Life My Assured Income Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Gaurav, aged 35 years is looking for an investment plan to create long-term wealth for his child.

Solution

His financial advisor advised him to buy the HDFC Life My Assured Income Plan. He visited PolicyX.com

Let's understand how the HDFC Life My Assured Incomes Plan works for him with a premium illustration table.

Age of policyholder Annual Premiums Policy tenure Sum Assured
35 years Rs 1 lakhs 10 years Rs 6,43,646

 

Features of HDFC My Assured Income Plan

Here are some features of HDFC My Assured Income Plan:

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HDFC Super Income
  • Flexible premium payment
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  • Regular income

HDFC Super Income (Cons)

HDFC Super Income
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC Super Income (Other Benefits)

HDFC Super Income
  • Maturity Benefit
  • Death Benefit
  • Tax Benefit

HDFC Super Income (Eligibility Criteria)

HDFC Super Income
  • Minimum entry age- 30 Days
  • Maximum entry age- 59 years
  • Minimum sum assured- Rs 18
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  • Maximum policy term- 27 years

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HDFC Sampoorn Samridhi Plus (Pros)

HDFC Sampoorn Samridhi Plus
  • Loan against policy
  • Accidental death benefits
  • Guaranteed bonuses

HDFC Sampoorn Samridhi Plus (Cons)

HDFC Sampoorn Samridhi Plus
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC Sampoorn Samridhi Plus (Other Benefits)

HDFC Sampoorn Samridhi Plus
  • Whole life cover
  • Death benefit
  • Maturity benefit

HDFC Sampoorn Samridhi Plus (Eligibility Criteria)

HDFC Sampoorn Samridhi Plus
  • Minimum entry age- 30 Days
  • Maximum entry age- 60 years
  • Minimum sum assured- NA
  • Maximum sum assured- NA
  • Maximum policy term- 40 years

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Unique Features

  • Discount on Sum Assured
  • Guaranteed Additions
  • 2 Rider Benefits

HDFC Life Uday Plan (Pros)

HDFC Life Uday Plan
  • High Sum Assured Rebate
  • Auto Cover Continuance
  • Tax Benefits

HDFC Life Uday Plan (Cons)

HDFC Life Uday Plan
  • No pre-existing condition
  • Suicidal exclusion
  • War and criminal activity

HDFC Life Uday Plan (Other Benefits)

HDFC Life Uday Plan
  • Reversionary Bonus
  • Guaranteed Additions
  • Maturity Benefit

HDFC Life Uday Plan (Eligibility Criteria)

HDFC Life Uday Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 55 years
  • Minimum sum assured- Rs 28
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  • Maximum policy term- 15 years

‘A plan that helps you save for your future goals’. The insurance market is filled with several insurance products, each having its benefi...

Unique Features

  • Dual benefits
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HDFC Guaranteed Wealth Plus (Pros)

HDFC Guaranteed Wealth Plus
  • Dual benefits
  • Guaranteed Income
  • Tax Benefits

HDFC Guaranteed Wealth Plus (Cons)

HDFC Guaranteed Wealth Plus
  • No pre-existing condition
  • Suicidal exclusion
  • War and criminal activity

HDFC Guaranteed Wealth Plus (Other Benefits)

HDFC Guaranteed Wealth Plus
  • Rider benefits
  • Return of premiums
  • Maturity Benefit

HDFC Guaranteed Wealth Plus (Eligibility Criteria)

HDFC Guaranteed Wealth Plus
  • Minimum entry age- 12 years
  • Maximum entry age- 60 years
  • Minimum sum assured- NA Maximum sum assured- NA
  • Maximum policy term- 43 years

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Unique Features

  • Limited premium payment term
  • Guaranteed sum assured
  • Terminal Bonus Benefit

HDFC Guaranteed Income Plan (Pros)

HDFC Guaranteed Income Plan
  • Limited premium payment
  • Maturity Benefit
  • Bonuses

HDFC Guaranteed Income Plan (Cons)

HDFC Guaranteed Income Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC Guaranteed Income Plan (Other Benefits)

HDFC Guaranteed Income Plan
  • Maturity Benefit
  • Death Benefit
  • Tax Benefit

HDFC Guaranteed Income Plan (Eligibility Criteria)

HDFC Guaranteed Income Plan
  • Minimum entry age- 3 year
  • Maximum entry age- 65 years
  • Minimum sum assured- Depends on monthly premiums
  • Maximum sum assured - No Limit
  • Maximum policy term- 15 years

‘A combination of income and family protection plan’. HDFC Life My Assured Income Plan is a perfect blend of a guaranteed income plan and ...

Unique Features

  • Guaranteed income benefits
  • Terminal benefits
  • Life coverage

HDFC My Assured Income Plan (Pros)

HDFC My Assured Income Plan
  • Income Benefits
  • Surrender Value
  • Tax Benefits

HDFC My Assured Income Plan (Cons)

HDFC My Assured Income Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC My Assured Income Plan (Other Benefits)

HDFC My Assured Income Plan
  • Terminal Benefit
  • Rider Benefit
  • Life Coverage

HDFC My Assured Income Plan (Eligibility Criteria)

HDFC My Assured Income Plan
  • Minimum entry age- 2 years
  • Maximum entry age- 60 years
  • Minimum sum assured- NA
  • Maximum sum assured - NA
  • Maximum policy term- 16 years

It is important to achieve the personal milestones that you have planned for your future to maintain life. But these milestones usually come along wit...

Unique Features

  • Guaranteed Benefits
  • Death Benefits
  • Sample Premium Rates

HDFC Sanchay Plus (Pros)

HDFC Sanchay Plus
  • Options of Income Payout
  • Guaranteed Benefits
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HDFC Sanchay Plus (Cons)

HDFC Sanchay Plus
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC Sanchay Plus (Other Benefits)

HDFC Sanchay Plus
  • Life-Long Income Option
  • Long Term Income Option
  • Optional Riders

HDFC Sanchay Plus (Eligibility Criteria)

HDFC Sanchay Plus
  • Minimum entry age- 5 years
  • Maximum entry age- 60 years
  • Minimum sum assured- 105% of premiums
  • Maximum sum assured- No limit
  • Maximum policy terrm- 25 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of HDFC Life My Assured Income

There are various benefits to buying the HDFC Life My Assuered Income Plan. Let’s understand each of them in detail:

  • Income benefitsYou will get income benefits for a certain duration if you buy this plan. It helps you save money to complete your future financial goals or obligations.
  • Terminal benefits Terminal benefits are guaranteed benefits paid to the policyholder at the end of policy tenure. These benefits depend on your age and the income tenure chosen at the start.
  • Life coverageLife is very uncertain anything can happen at any point in time. This plan offers you life coverage which provides financial protection to your family in the event of your uncertain demise.
  • Policy loanYou can avail a loan against your policy if you have made premium payments for at least two years. The loan amount is the maximum of 80% of the surrender value and the interest charged is 9.5% per annum.

Documents Required to Buy HDFC Life My Assured Income

Here is the list of documents required to buy the HDFC Life My Assured Income:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy HDFC My Assured Income Plan?

You can buy the HDFC My Assured Income Plan official website or one of their nearest branch offices.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of HDFC Life Insurance.

  • Step 2

    Hover over the 'Investment Plans' from the top of the menu.

  • Step 3

    Click on the 'HDFC Life My Assured Income'.

  • Step 4

    Click on ‘Buy Now’ and you will be redirected to a new page.

  • Step 5

    Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.

  • Step 6

    Once discussed you can make the premium payment and get the policy documents.

Buying from their branch office

You can buy the HDFC Life My Assured Income Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of HDFC Life My Assured Income Plan

  • In case the policyholder commits suicide within 12 months of policy purchase then no death benefits are offered to their family members. Either 80% of the premiums paid to date or the surrender value acquired to date whichever is higher is paid.

Conclusion

HDFC My Assured Income Plan offers you guaranteed income to complete your financial goals and a life cover to provide financial protection to your loved ones even in your absence. If you want to plan your retirement or have some future financial goals then you can choose this plan as it offers guaranteed income at specific intervals.

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.

HDFC My Assured Income Plan: FAQs

1. How many plan options are available under the HDFC My Assured Income plan?

There are three plan options available under the HDFC My Assured Income Plan: Uniform income benefit, Enhanced income benefit, and Increasing income benefit.

2. What is the premium payment term of My Assured Income Plan?

The premium payment term of My Assured Income Plan is either 5 or 8 years.

3. What are guaranteed terminal benefits?

Guaranteed terminal benefits are those benefits that are paid at the end of the policy tenure. After paying the income benefits from the sum assured the rest amount is paid at guaranteed terminal benefits.

4. What is the income payout frequency under HDFC Life My Assured Income Plan?

You can avail of income payout under My Assured Income Plan either monthly or annually.

5. What riders can I choose with my HDFC My Assured Income Plan?

You can choose HDFC Life Critical Illness Rider or HDFC Life Term Rider with your My Assured Plan.

Life Insurance Companies

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Himanshu Kumar

Written By: Himanshu Kumar

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.