HDFC Standard Life - Term Assurance Plan (Single Premium)

<!-- @page { margin: 0.79in } P { margin-bottom: 0.08in } -->
HDFC Standard Life - Term Assurance Plan (Single Premium)

HDFC Standard Life Insurance Term Assurance Plan, is a low cost, life insurance, risk cover plan with higher cover. This plan can be bought with Single Premium or Regular Premium. HDFC Term Assurance Plan guarantee policy holder and their family member financial protection in the future, even in your absence. HDFC Standard Life Insurance is much valuable for individuals who wants their family members to be protected financially even in their absence. This Plan has no maturity benefit.
 
HDFC Standard Life Term Assurance Plan:

High cover at a very low cost.
Flexibility to choose the Sum Assured.
Additional benefit options available.
Option of paying single premium or regular premium.
Tax benefits under sections 80C, 80D and 10(10D) of Income Tax Act, 1961.

 
Eligibility Criteria for HDFC Life Term Assurance Plan:

Entry Age â€" Minimum Age limit is 18 years and Maximum Age limit is 60 years and 55 years if opted with additional benefit..
Maturity Age â€" Maximum maturity limit is 65 years.
Sum Assured â€" Minimum Sum Assured limit is Rs 8 lacs
Premium Paying Term â€" 2 and 15Years.
Premium Paying Frequency â€" Single, Monthly, Yearly, Quarterly, Half Yearly.

 
Key Benefit of HDFC Term Assurance Plan:

Maturity Benefit â€" No Maturity Benefit or Survival Benefit is offered with this plan.
Death Benefit â€" In case of premature death of the life insured during the policy term, Sum Assured along with additional bonus is payable to the nominee.
Tax Benefit â€" Premiums paid by the policy holder in this plan is liable for tax benefit under section 80C and 10 (10D)