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HDFC SL ClassicAssure Insurance Plan

Why choose this product?

  • 1

    Pay your premiums only for 7 years

  • 2

    Choose your Sum Assured as per your need

  • 3

    Range of convenient auto premium payment options

The ‘With Profits’ insurance plan:

  • Basic sum assured plus any bonus additions on survival up to maturity date
  • Protection to your family by way of lump sum payment in case of your death
  • High sum assured discount of 5% on basic premium for sum assured of Rs.5 Lakh and above

Know more

Contact Us

nearest branch

Nearest Branch

Contact Number
Ahmedabad
6160 6161

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What’s the product all about?

Features

Features

  • Limited Premium Payment: Pay your premiums only for 7 years.
  • Sum Assured & Premiums: You can choose your Sum Assured as per your need. Minimum installment premiums are Rs.12,000 for Annual, Rs. 6,000 for half yearly, Rs. 3,000 for Quarterly and Rs. 1,000 for monthly frequency respectively.
  • Bonuses: This plan receives a simple Revisionary Bonus, which is usually added annually. At end of the term, an additional Terminal Bonus may be added depending on performance of the underlying investments.
  • No Medicals: You can take this plan without any medicals if you fulfill the short medical questionnaire eligibility. Speak to your Relationship Manager to know more.
  • Age and Term Limits: Choose policy term of either 10, 15 or 20 years. Entry age should be between 12 years to 60 years. Maximum age at maturity is 75 years.
Advantages

Benefits

  • Provides invaluable protection to your family by way of lump sum payment in case of unfortunate demise within the policy term.
  • You can choose to pay your premiums either Annually, Half-Yearly, Quarterly or Monthly depending on your convenience. You also have a range of convenient auto premium payment options.
  • Enjoy High Sum Assured Discount of 5% on basic premium for Sum Assured of Rs.5 Lakh and above. Check product brochure for details.

What are the tax benefits of the HDFC ClassicAssure Insurance Plan?

When you invest in the HDFC ClassicAssure Insurance Plan, you can avail tax benefits under sections 80C and 10(10D) of Income Tax Act, 1961.

For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult your Relationship Manager before taking a decision.

These insurance products are underwritten by HDFC Standard Life. 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 SL ClassicAssure Plan. Form No. P501-93. UIN: 101N076V01. 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.

Insurance is the subject matter of the solicitation.

Mandatory Disclosure for distribution of Life Insurance products

Commission for Life Insurance

As per RBI circular: RBI/2009-10/225 dated November 16, 2009, following are the details of the comparative commission earned by HDFC Bank from Insurance (Life), whose products are being distributed:

Commission, Brokerage and trail from Life Insurance

City CategoryFirst Year
Commission		2nd Year Renewal
Commission
MinMaxMinMax
Health 25% 25% 2.50% 5%
Pension 2% 7.50% 0% 2%
Traditional 2% 35% 0% 7%
Unit Linked Plan 1% 22% 0% 7.5%

Note: The commission varies depending upon the Product in each category, tenure, amount of premium and premium paying term

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