HDFC Life Smart Term Edge
- Reduced Paid Up Benefit
- Death Benefit
- Surrender Benefit
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HDFC Life Smart Term Edge is a comprehensive protection plan offering multiple options and features at reasonable premiums. The plan provides you with complete protection up to the age of 75 years. It offers 3 plan options as per your protection needs. You can choose from any options: Classic, Step-Up, and Comprehensive. The policy provides a return of premium of 150% upon maturity, ensuring that you are making a smart investment for your future. The plan even offers enhanced coverage through additional riders.
HDFC Life Smart Term Edge Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 75 years
Minimum term - 12 years Maximum term - 30 years
Basic Sum Assured: Rs. 25 Lakhs to no limit
The policy loan is not available under HDFC Life Smart Term Edge Plan.
Yearly, half-yearly & monthly
Let's understand how the HDFC Life Smart Term Edge Plan works with a simple premium illustration.
Mr. Suresh is a 30-year-old non-smoker earning 10 lakhs annually and looking for a simple term plan that provides a return of premium option.
His financial advisor advised him to buy the HDFC Life Smart Term Edge Plan Work. He visited PolicyX.com.
Let's understand how the HDFC Life Smart Term Edge Plan works for him with a premium illustration table.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹752/month | ₹9,024/year | 30 years | ₹2,70,720 | ₹50 Lakhs |
Key Takeaways: If Mr. Suresh dies during the policy tenure, his family will receive ₹50 Lakhs as a death benefit from the insurer.
Here are the benefits associated with the HDFC Life Smart Term Edge
You can surrender the policy and receive a surrender value that is higher than the Guaranteed Surender Value or Special Surrender Value.
In case of an unfortunate demise during the policy terms, the Reduced Paid Up Benefit will ensure that your loved ones receive the payout.
HDFC Life Smart Term Edge Plan offers a tax rebate of up to 1.5 lac, under section 80C of the Income Tax Act 1961, for the premium paid under the same financial year.
You have a free look period in which you can revise the policy and if you find yourself unsatisfied, return the policy within 30 days for a refund.
In case the policy lapses due to non-payment of the premiums, you have the option to revive the policy within a specified period of 5 years by paying the due premiums.
HDFC Term Insurance Plans
HDFC Term Insurance
You can add the following riders to your HDFC Life Smart Term Edge Plan:
A lump sum amount is offered in case the policyholder is diagnosed with any of the 19 critical illnesses.
Get an extra payout on top of the base cover in case of accidental death, dismemberment and total and permanent disability.
Here is the list of exclusions associated with the plan:
HDFC Smart Term Edge is one of the top term insurance plan that allows you to stay protected with a life cover till 70 years. Additionally, the option for reduced paid-up benefits ensures that policyholders can receive the benefits even if premiums are not paid. If you have doubts or queries regarding the HDFC Term Insurance with Return of Premium plan, you can contact us through the website policyx.com or at 1800-4200-269.
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Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
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