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HDFC Life Insurance Uday Plan

HDFC Life Insurance Uday Plan - Saving for your future is important, but what is also important is to protect those savings. HDFC Life Uday helps you do just that with benefits like guaranteed additions and bonuses while ensuring that your family receives a lump sum benefit in case of your unfortunate death. Save for your future, Protect your family and Sar Utha Ke Jiyo!

HDFC Life Insurance Uday Plan (Features):

  • Low ticket size with monthly premium as low as Rs 500 and annual premium as low as Rs 5000
  • Multiple term options to suit your needs
    1. Pay premiums for 8 years, enjoy cover for 12 years or 15 years.
    2. Pay premiums for 10 years, enjoy cover for 15 years.
  • Guaranteed Additions1 of 3% p.a. during the first five policy years.
  • Bonuses declared at the end of each financial year
  • Additional death benefit in case of death due to accident.
  • Once your policy acquires a Guaranteed Surrender Value (GSV), your death benefit2continues for next one year even if you miss a premium payment.
  • Simple issuance process3. 

    1For conditions please refer to the section on Guaranteed Additions in the Product Brochure

    2 For conditions please refer to the section on Auto Cover Continuance in the Product Brochure

    3Please speak to our Relationship Manager to know more details

HDFC Life Insurance Uday Plan (Advantages):

  • Maturity Benefit
    On survival till the maturity date you will receive the aggregate of
    1. Sum Assured on maturity
    2. Accrued Guaranteed Additions
    3. Accrued Reversionary bonus, Interim bonus and Terminal bonus, if any
  • HDFC Life Insurance Uday Plan - Death Benefit
    In case of the Life Assured’s unfortunate demise, we will pay to the nominee the highest of the following:
    1. Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus (if any) + Terminal bonus (if any)
    2. 105% of premiums paid till date
  • Where Sum Assured on Death is higher of
    1. Sum Assured on Maturity, which is the absolute amount of benefit guaranteed to be payable on maturity of the policy
    2. An absolute amount assured to be paid on death, which in this case is equal to the Sum Assured on Maturity
    3. 10 times Annualized Premium for entry age up to 50 years and 7 times Annualized Premium for entry age greater than 50 years
  • HDFC Life Insurance Uday Plan - Accidental Death Benefit
    In case of the Life Assured’s unfortunate demise during the term of the policy, an additional sum equal to Sum Assured on Death is payable
  • Auto Cover Continuance : 
    Under this feature, for a reduced paid-up policy the full death benefit shall continue for a period of one year (Auto Cover Continuance period) from the date of first unpaid premium. Auto Cover Continuance applies only to the basic death benefit and not to the additional accidental death benefit. At the time of payment of death benefit during the Auto Cover Continuance period the due but unpaid premium shall not be deducted from the benefit payable.
    The basic death benefit payable during this one year shall be the higher of:
    1. Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus(if any)
    2. 105% of Premiums paid
  • During the auto cover continuance period, The additional accidental death benefit shall be reduced to paid-up Sum Assured on Death.
  • The Guaranteed Additions and Reversionary Bonuses accrued till due date of first unpaid premium shall become payable on death and no further Guaranteed Additions or Reversionary Bonus shall accrue to the policy.

HDFC Life Insurance Uday Plan (Eligibility):

Policy Term 12 Years 15 Years
Premium Paying Term 8 Years 8 Years or 10 Years
Minimum Entry Age 18 Years
Maximum Entry Age 55 Years
Minimum Maturity Age 30 Years
Maximum Maturity Age 70 Years
Minimum Sum Assured on Maturity Rs. 28,465
Maximum Sum Assured on Maturity No Limit subject to Board approved underwriting policy

All age mentioned above are age last birthday.
For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.

HDFC Life Insurance Savings and Investment Plans and Policy

Disclaimers:

Starting premiums for this plan are Rs. 24000 per year and the plan is available only on an annual mode

HDFC Life Smart Woman Plan (Form No: P501, UIN: 101L082V02). This is a unit linked non participatory product. For more details on risk factors, terms and conditions and exclusions please read the product brochure or consult financial consultant before conclusion of sale. Unit linked insurance plans are different from traditional plans and are subject to different market risks. The investment risk in the portfolio is borne by the policyholder. (hdfclife.com)

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