HDFC SL New Money Back Plan

Why choose this product?

On completion of every 4 years, get a percentage of your Sum Assured as a cash payout
Protection to your family by way of lump sum payment of SUM Assured + Bonuses in case of unfortunate demise within the policy term, above the payouts already made before the death
Large Sum Assured discount of 5% on premium for Sum Assured of Rs 5 Lakhs and above

Want added financial security for your loved ones?

Secure the future of your loved ones by providing for their financial security.

(This will be redirected to the HDFC Term Assurance Plan)

(Can be used to cross-sell other products also)

Contact Us

Nearest branch

Ahmedabad

6160 6161

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What’s the product all about?

What's the product all about?

Financial obligations arise from time to time. Making a choice between your dreams and the financial security of your family can be tough! Then why choose one, if you can do it all with HDFC SL New Money Back Plan. With this insurance plan, you get cash payouts at periodic intervals that lets you fulfill your dreams and aspirations for your loved ones without bothering about their financial security.

Invest in the HDFC SL New Money Back Plan today and live with complete peace of mind!

Benefits:

Survival Benefit-Money Back: On completion of every 4 years, you would get a percentage of your Sum Assured as cash payout.
Death Benefit: This plan provides valuable protection to your family by way of lump sum payment (Sum Assured plus attaching bonuses) in case of unfortunate demise within the policy term, over and above any earlier payouts
Sum Assured Discount: Large Sum Assured discount of 5% on premium for Sum Assured of Rs 5 Lakh and above.

What are the tax benefits of the HDFC SL New Money Back Plan?

Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961.
For more details on risk factors, terms and conditions, please read the product brochure carefully and/or consult 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 New Money Back Plan. Form No. P 501-79. UIN: 101N063V01. .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 Category	First Year Commission		2nd Year Renewal Commission
City Category	Min	Max	Min	Max
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

Have questions?

What is the cash payout that I can get under Survival Benefit-Money Back?

The payout will be as defined below:

Policy Term	Survival Benefits as a % of Sum Assured (Money Back Pay-out)
4th year	8th year	12th year	16th year	20th year	24th year
12	25%	25%	50% + attaching bonus	-	-	-
16	25%	25%	25%	25% + attaching bonus	-	-
20	20%	20%	20%	20%	20% + attaching bonus	-
24	15%	15%	15%	15%	15%	25% + attaching bonus

What are the different types of Savings plans?

You may choose between a traditional Endowment Plan and a Unit Linked Insurance Plan, depending on a number of factors including your risk profile, your understanding of different financial instruments and your ability to track your investments regularly. Therefore, if you are well aware of the financial markets and are willing to bear the investment risk and desire a higher return, you can look at unit linked products.

Should I choose a Unit Linked or a Non–Unit Linked plan?

If your financial profile does not allow you to take risks through exposure to equity, bonus-based Endowment plans are the most suitable for you. If that is not the case, Unit Linked plans are ideal for you to plan for your family’s future financial needs. Unit Linked plans are associated with a transparent charging structure and certain flexibility, besides possessing the potential to deliver a higher amount on maturity.

What is meant by a ‘With Profits’ plan?

A ‘With Profits’ plan is a plan where the premiums are invested in a ‘with profit’ fund. This fund invests in a variety of assets to earn returns on your policy, which are shared with you in the form of bonuses that are declared annually. Once declared these bonuses are guaranteed.

How does the HDFC New Money Back Plan work?

The HDFC New Money Back plan is a ‘With Profits’ plan that gives a proportion of the basic Sum Assured as a cash lump sums at regular 4 year intervals within a policy term. This plan is best suited to fulfill your short term and long term goals.

Have more questions, check our FAQs Section

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City Category	First Year Commission	2nd Year Renewal Commission
Min	Max	Min	Max
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%

Policy Term	Survival Benefits as a % of Sum Assured (Money Back Pay-out)
4th year	8th year	12th year	16th year	20th year	24th year
12	25%	25%	50% + attaching bonus	-	-	-
16	25%	25%	25%	25% + attaching bonus	-	-
20	20%	20%	20%	20%	20% + attaching bonus	-
24	15%	15%	15%	15%	15%	25% + attaching bonus

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Children’s Plan

Protection Plan

Saving & Investment Plan

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Why choose this product?

Want added financial security for your loved ones?