HDFC Term With Return Of Premium
- Death Benefit
- Reduced Paid Up Benefit
- Discount On Large Sum Assured
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HDFC Term with Return of Premium Plan offers comprehensive protection, which helps the insured secure their family with Zero-Cost Term insurance by the return of base premium. This non-linked and non-participating saving life insurance plan ensures financial security for your family. The plan includes many features, such as the ability to get insurance coverage without medical tests, a return of the total premium paid upon policy completion, and flexible premium payment options. A person aged between 18 to 50 years can buy the plan and avail of the benefit of sum-assured options from 5 lakh to 25 lakh.
HDFC Term with Return of Premium Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 50 years
Maximum Maturity Age - 85 years
Minimum term - 10 years Maximum term - 30 years
Basic Sum Assured: Rs. 10 Lakhs to 25 Lakhs
The policy loan is not available under HDFC Term With Return Of Premium Plan.
Yearly
Let's understand how the HDFC Return Of Premium Plan works with a simple premium illustration.
Mr. Aman 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 Term Plan With Return Of Premium Plan Work. He visited PolicyX.com.
Let's understand how the HDFC Term Plan With Return Of Premium 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 | ₹684/month | ₹8,208/year | 30 years | ₹2,46,240 | ₹25 Lakhs |
Key Takeaways: If Mr. Aman dies during the policy tenure, his family will receive ₹25 Lakhs as a death benefit from the insurer. If he outlives the policy tenure, he'll get back the premium paid towards the policy at maturity.
Here are the benefits associated with the HDFC Term With Return Of Premium
This plan offers insurance coverage without requiring you to undergo medical tests, making it accessible and convenient.
At the end of the policy term, 100% of the total premiums are paid and returned to the policyholder, providing a saving factor to the plan.
HDFC Return of Premium Term Plan offers a tax benefit of up to 1.5 lac, under section 80C of the Income Tax Act 1961, for the premium paid under the same financial year.
The insured has the flexibility to choose between two premium payment options- limited premium, where you pay a premium for 5 years, or regular premium where you pay a premium for the entire policy term.
The plan provides a death benefit that is higher than various options, including the absolute amount assured, 105% of the total premium paid 'X' times the annualized premium, or the sum assured on maturity.
Get an additional discount on premium for a high sum assured amount.
HDFC Term Insurance Plans
HDFC Term Insurance
You can add the following riders to your HDFC Term with Return of Premium Plan:
Get an extra payout on top of the’s base cover on accidental death.
Get an extra payout on top of the base cover on total and permanent disability due to an accident.
Get additional coverage if you are diagnosed with a pre-specified critical illness.
In this rider, your future premium will be waived if you become disabled or seriously ill and are unable to work.
Here is the list of exclusions associated with the plan:
HDFC Term Insurance with Return of Premium is an affordable insurance option providing both protection and return of premium paid upon policy completion. It offers flexibility in premium payments and is suitable for individuals aged 18 to 50 years. 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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