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Invest today for a worry-free tomorrow: HDFC Life Uday Savings Plan for a brighter future.
HDFC Life Uday, from HDFC Investment Life Insurance, is a guaranteed savings plan that allows you to get the dual benefit of wealth creation and family protection. Upon your unfortunate death, your family shall receive a lump sum death benefit. On the other hand, you can acquire a maturity benefit if you outlive the policy term. You'll even get 3% p.a. guaranteed additions during the first five policy years.
However, the insurer paid a cash bonus to the policyholder at the end of each financial year. If you don't want to continue your policy, you can surrender it and get a Guaranteed Surrender Value (GSV). After that, your death benefit continues for the next year, even if you miss a premium payment. HDFC offers a discount on a high sum assured on the maturity of 2 lakhs & above.
HDFC Life Uday 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 Uday Plan offers you a range of benefits including:
Minimum Age: 18 years Maximum Age: 55 years
Maximum maturity age: 70 years
12 to 15 years
Minimum: 8 years Maximum: 10 years
Monthly, Quarterly, Half-Yearly or Annually
Minimum: Rs. 28,465 Maximum: No limit
Here are some features of HDFC Life Uday Plan:
The insured can avail loan facility under the HDFC Life Sanchay Plus plan. This can be done after the insured has acquired the surrender value limit and the insured can get a loan up to 80% of the surrender value.
The revival period for a lapsed/ paid-up HDFC Life Sanchay Plus policy is for 5 years. In case of a lapsed policy, the insured needs to pay all the pending premiums along with interest levied.
Under this benefit, the insured gets 15 days for the monthly frequency of premium payment and 30 days for other frequencies to pay the premium without any penalty.
The insured is permitted to change the premium payment frequency and income payout frequency. A plan chosen at the time of buying the policy can not be changed.
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Here is the list of documents required to buy the HDFC Life Uday:
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 Life Uday 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 Uday'.
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 Uday Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
HDFC Life Uday is a guaranteed savings plan with the dual benefit of wealth creation and family protection. Choosing a life insurance plan can be stressful. What if you get expert advice? Yes, with PolicyX insurance experts' guidance, you can get advice anytime, free of cost.
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 Life Uday is a guaranteed saving plan that helps you build a corpse after retirement. It also serves as a long-term protection tool that protects your family financially.
According to the IRDAI annual report, the HDFC Life Claim Settlement Ratio set an impressive benchmark of 99.39% for FY 2022-23. It indicated insurers’ claim solvency and risk management, so this proves HDFC Life is clearly safe to invest in.
Yes, you can make a partial withdrawal under the HDFC Life Uday plan once your premiums are paid for 2 or 3 years.
The plan offers two premium payment term options (Pay premiums for 8 years, enjoy coverage for 12 or 15 years) or (Pay premiums for 10 years, enjoy cover for 15 years)
You can surrender anytime after paying two full years’ premiums; the insurer will pay you a percentage of the total premiums paid, along with accrued bonuses and accrued guaranteed additions.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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February 5, 2023
Asia/Kolkata
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