This is a single premium plan and is subject to appropriate Tax treatment as per prevailing tax laws. Currently Section 80C benefit is available for the premium paid under the plan to the extent of 20% of the sum assured. In the event of a death claim the money paid is exempt as per section 10(10D), of the Income Tax Act 1961. We would recommend you to consult your tax consultant for further clarifications.
The details mentioned above are indicative of the terms, conditions,warranties and exceptions contained in the insurance policy. Please refer to the product brochure and policy document for further details or else contact our Relationship Manager at your nearest HDFC Bank Branch. HDFC Standard Life Insurance Company Limited.HDFC Single Premium Whole Of Life Plan. Form No. SN 04. UIN 101N004V01.This product is underwritten by HDFC Standard Life .For more details on the risks factors, terms & conditions please read the sales brochure carefully before concluding a sale.Registration No: 101.Certified Corporate Agent's License No. 933982.
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